DislikedI notice a lot of the charts being posted recently do not feature the Dashboard, may I ask is this still being used?
The MTF TMA seems interestingIgnored
Lets make some green pips
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DislikedI notice a lot of the charts being posted recently do not feature the Dashboard, may I ask is this still being used?
The MTF TMA seems interestingIgnored
DislikedThanks for the clarification Al.
I guess another way of working the recovery trade would be to use the same sub account and simply add in another 2% of capital to cover the first recovery level. That way you're not taking the 2% loss. Or would you rather take that hit and start afresh? Maybe this way would invalidate your capital protection philosophy?
PBIgnored
DislikedThanks for the clarification Al.
I guess another way of working the recovery trade would be to use the same sub account and simply add in another 2% of capital to cover the first recovery level. That way you're not taking the 2% loss. Or would you rather take that hit and start afresh? Maybe this way would invalidate your capital protection philosophy?
PBIgnored
DislikedI notice a lot of the charts being posted recently do not feature the Dashboard, may I ask is this still being used?
The MTF TMA seems interestingIgnored
DislikedNB's recovery trades are a Martingale hybrid and I don't think we should shy away from that. However it does have clever tweaks to make it work 99.99% of the time, such as large gaps between trades and lot size small enough to ride out huge price swings. Also it doesn't double up the trades straight away (1.2.4), but goes in a little more gradually at 1.1.2.4 or 1.1.3.3.
Most accounts get blown when Martingale is used for the following reasons:
1. trades are added on much too soon after the first goes against them.
2. the lot size is far too high.
3....Ignored
DislikedThe dashboard should be in its own window and not with a working chart.Ignored
DislikedFinally, I feel I can make a small contribution to this thread. A while back I asked for ideas on why my THV.3 Coral wasn't showing on my THV2 chart that Al posted describing his 4 hour trades. Everyone ignored my question. So I got to work and discovered that the THV3 T3.exe file is required as a driver in the Experts Indicator folder where the rest of the indicators are. You don't need to load it to your chart...it just needs to be in the indicators folder.
The THV3 chart has helped alot before deciding to use Recovery. I must see a clear...Ignored
DislikedThe Inner TMA is set to current TF, so change the chart time frame. Right now, both are set at H4 because that is the chart TF.Ignored
DislikedThanks for response Al but it doesn't explain why when I click on 4h chart both TMA color center lines aren't overlaying each other identical. Seems they should read the same. I'm missing something in the explanation and feel you'll understand and help me.
Sorry for bothering you again.
SteveIgnored
DislikedAl I understand that the ATR Multipler default is 2.0 and that's what I have on my charts, all timefames 1 min. thru daily. When I add the H1 & H4 TMA to my Lower TF I change the ATR Multipler to 3.0, I get that too. But the H1 & H4 bands on the Lower TF don't match the bands on the actual H1 or H4 chart with the ATR Multipler at 2.0. Why the difference? Should I use 3.0 ATR Mulitplier on the actual Longer TF charts say above H1? I hope this make sense and thank you in advance for your response.
RobertIgnored
DislikedOn the longer time frames, change the ATR Multiplier until it pretty much touches all the swings from the lower TF chart. This is just to give you a reference to the typical amplitude of the cycles in that TF. Whether it is 3 or 2.7, it makes no difference. Just fit it to the TF and the pair.Ignored
DislikedNo. You donīt take the loss. As price nears -100, you cancel the Sell Stop.Ignored
DislikedRight, I see. So you're just using the stop to guard against a huge spike which you couldn't react to? Something like an unexpected central bank intervention?
I was confused because it sounded like you let the sub account run to margin call where the trade would automatically close. That would involve taking the 2% loss and then starting recovery as a separate trade.
I assume when it moves 100 pips, you add capital and begin recovery?
PBIgnored
DislikedGet rid of one center line by changing the color to the same color as the background.Ignored