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Extreme TMA System

  • #6,121
  • Mar 20, 2012 10:21am Mar 20, 2012 10:21am
Quoting Alorente
I donīt have fixed settings. I vary them depending on the target and the pair. I set the inputs for each pair when I activate the EA. But in general terms:

1- No Loss After Pips: 20 to 40 depending on pair ATR.
2- Trailing Stop: 30 to 60 depending on pair ATR.
3- Target Price. The band level that I am targeting (H1 or H4).

Sometimes I will set take profit to 3 batches at three different levels, but most of the time I keep it simple.
Al, I thought you were not using stop losses but using small lots with no stop losses and using recovery after negative 100 pips? Thanks.
  • #6,122
  • Mar 20, 2012 10:22am Mar 20, 2012 10:22am
Fascinating stuff Al.
  • #6,123
  • Mar 20, 2012 10:22am Mar 20, 2012 10:22am
Quoting bluesteele
Sorry but 5% a day..... I think you need to come down to reality. That is 100% unsustainable. Your credibility with those that have any experience is Nil. Zero....

Sorry but when someone comes on here like yourself spouting all this Bull then expect to have your nose rubbed in it. Offer up the proof Al.
Thats all I am asking.

It sure is easy to say all that crap another to actually do it and show your results.

Why dont you open up a trade explorer here and show the world how you make those returns.
Hi Bluesteele, just as a reference point and not to promote argument most recently I had a trading campaign where my extreme focus was on making 1% per day capturing 1-5 pips at a time and not using stop losses. Admittedly, I was very aggressive in compounding and keeping my profits in play. Most days I was able to achieve 3-5%. I did this for 10 straight months before my business required too much attention and I was just plain worn out. My real account was up 7X when I stopped.

I'm very encouraged, based upon my own experience, that the H1 and H4 elements of Al's strategy will work for me. I'm also programming the indicators into my own simulator for my own historical testing. When you write your own simulator and indicators you can control repainting issues as well as experiment with recovery concepts which is a large part of how I choose to trade. Just my 2 cents and experience. Lynn
  • #6,124
  • Mar 20, 2012 10:23am Mar 20, 2012 10:23am
Quoting Alorente
Look at UsdChf. Do you see the same 1-2-3 and Test pattern in reverse with a Coral cross upcoming?

very interesting, helps add to the confluences of the bands being respected, I have been looking at price patterns form and on the mtf tma and trying to see fakeouts at the top or bottom and continuations from the top or bottom.

ie a bullflag off the bottom of the 4hr up looking to have strong continuation to the upper band.

eventually you start to see things you cant unsee and you have developed an eye no doubt
  • #6,125
  • Mar 20, 2012 10:26am Mar 20, 2012 10:26am
Quoting Eamonn
Fascinating stuff Al.
The Market Breathing system is the core of what I am as a trader. It is my lifeīs work and it is the first time I am showing a bit of it publicly.
Observation is the path to discovery.
  • #6,126
  • Mar 20, 2012 10:27am Mar 20, 2012 10:27am
Quoting maudur
Carl, Sorry, I did not know this. In any case, I believe that instead of filling my log with ZERO DIVIDED messages would be better to handle the error and send an alert stating that more data are needed.

Thank you very much.
Easier said than done, my friend.

So, you think you can catch the error before it shows up on your log?

Show me some code to do that...
  • #6,127
  • Mar 20, 2012 10:28am Mar 20, 2012 10:28am
Quoting mujtaba
Hi Alorente I am new here this is my first post in ur thread, you are doing very well in this thread I like ur system so much ,
I am not very experienced trader I want to take on ur system can you help me about rules, I try to read the previous posts but diffcult to find the rules ....
Mujtaba
The rules are clearly listed and explained in Post #1 of Page 1.
Observation is the path to discovery.
  • #6,128
  • Mar 20, 2012 10:30am Mar 20, 2012 10:30am
Quoting Paradox
Al

Sorry if this is pushing but I will push my TMA line mq4 rewrite one more time here. I made this so I could use the MTF TMA Analysis in the backtester but the reason I had to rewrite the codebase is that the exist TMA line code you have uses a bunch of iCustom self references to do the Higher TF draws. This could very easily be the source of the performance issues. I have no easy way to directly profile indicators but you could always just give it a try and see if the issues are fixed.

Here is the original post with more info on the code changes....
Paradox, what do we substitute for the one you posted?
Observation is the path to discovery.
  • #6,129
  • Mar 20, 2012 10:33am Mar 20, 2012 10:33am
Quoting bluesteele
Sorry but 5% a day..... I think you need to come down to reality. That is 100% unsustainable. Your credibility with those that have any experience is Nil. Zero....

Sorry but when someone comes on here like yourself spouting all this Bull then expect to have your nose rubbed in it. Offer up the proof Al.
Thats all I am asking.

It sure is easy to say all that crap another to actually do it and show your results.

Why dont you open up a trade explorer here and show the world how you make those returns.
Sorry buddy, I gave you two chances. This is the third strike and you are now out. We cannot waste time with losers on this thread. See you later.
Observation is the path to discovery.
  • #6,130
  • Mar 20, 2012 10:37am Mar 20, 2012 10:37am
Quoting Alorente
Sorry buddy, I gave you two chances. This is the third strike and you are now out. We cannot waste time with losers on this thread. See you later.
way to go AL
  • #6,131
  • Mar 20, 2012 10:40am Mar 20, 2012 10:40am
Quoting fxfury
From what Al was pointing out he takes most of his profits of the table and keeps the trading account rather small, so a higher risk and higher return would be possible, as we know 75% on a million dollar account month after month wouldnt work, but I am open to what he has to say and is providing a method that does have merit.
For some people, it may work to keep getting the same returns with a huge account. For me it doesnīt. I have to keep it a reasonable size or it affects me psychologically. Maybe I feel undeserving? I donīt know, all I know is that the bigger it gets, the more difficulty I have maintaining the same level of returns and the less I enjoy what I am doing, so I donīt fight it anymore. I do this for fun and fulfillment, not for money. I think anyone who does it for the money is doomed to fail.
Observation is the path to discovery.
  • #6,132
  • Mar 20, 2012 10:40am Mar 20, 2012 10:40am
Quoting Alorente
Paradox, what do we substitute for the one you posted?
This is the same functionally as the TMA Centerline that you currently use. It just works on strategy tester and is hopefully alot faster. It should be a direct replace but now if you want to not show the centerline there is a boolean property instead of having to change around the buffer colors.
  • #6,133
  • Mar 20, 2012 10:43am Mar 20, 2012 10:43am
Quoting Riddermark
Al, I thought you were not using stop losses but using small lots with no stop losses and using recovery after negative 100 pips? Thanks.
I use an emergency stop loss at -100 pips. Why do you think I use a stop loss from what I posted? Because of the breakeven stop? I donīt understand your question.
Observation is the path to discovery.
  • #6,134
  • Mar 20, 2012 10:48am Mar 20, 2012 10:48am
Quoting lbhales
Hi Bluesteele, just as a reference point and not to promote argument most recently I had a trading campaign where my extreme focus was on making 1% per day capturing 1-5 pips at a time and not using stop losses. Admittedly, I was very aggressive in compounding and keeping my profits in play. Most days I was able to achieve 3-5%. I did this for 10 straight months before my business required too much attention and I was just plain worn out. My real account was up 7X when I stopped.

I'm very encouraged, based upon my own experience, that the...
Lynn, I donīt understand why he is so surprised about a 5% daily return. I know 2 traders personally who do 15% and 20% per day. A week ago I demonstrated real time how you can do it. I posted the trades several times during the day. I ended the day with 32 winners, one BE and 0 losses and a 12.8% return. You can see this if you look at the posts of a week ago. It is exhausting, but with knowledge and self control it is not impossible.
Observation is the path to discovery.
  • #6,135
  • Mar 20, 2012 10:52am Mar 20, 2012 10:52am
Quoting crodzilla
Easier said than done, my friend.

So, you think you can catch the error before it shows up on your log?

Show me some code to do that...
Carl,

Do not want to get into a discussion about it, I just want to work with the thread and if you consider it appropriate, I can gladly review the code and tell you how you can correct. As AL knows, I'm a Systems Engineer and have worked in software development for over 20 years, especially in systems for financial institutions, which allowed me to gain some experience. Now I take 3 years developing MT4 EAs and I think I learned something.

I believe that their collaboration in this thread has been fabulous and thank you for their developments. Please consider me as someone to help plan and do not plan to attack their excellent work.
Enter Signature
  • #6,136
  • Mar 20, 2012 10:53am Mar 20, 2012 10:53am
Quoting Paradox
This is the same functionally as the TMA Centerline that you currently use. It just works on strategy tester and is hopefully alot faster. It should be a direct replace but now if you want to not show the centerline there is a boolean property instead of having to change around the buffer colors.
So what should I do with the indi you just posted. Should I substitute it for the M15 TMA and eliminate the center line? The reason for not showing the center line is obvious. With 3 TMAs on the screen and the importance that I want to start giving to the Coral. It becomes color spaghetti and very difficult to distinguish between center line and Coral. I opted for taking it out in the interest of clarity.
Observation is the path to discovery.
  • #6,137
  • Mar 20, 2012 10:55am Mar 20, 2012 10:55am
Quoting Alorente
So what should I do with the indi you just posted. Should I substitute it for the M15 TMA and eliminate the center line? The reason for not showing the center line is obvious. With 3 TMAs on the screen and the importance that I want to start giving to the Coral. It becomes color spaghetti and very difficult to distinguish between center line and Coral. I opted for taking it out in the interest of clarity.
Lynn, when you have testing results, I would appreciate if you share them with us. Especially if you remove the repainting issue. Thanks.
Observation is the path to discovery.
  • #6,138
  • Mar 20, 2012 10:59am Mar 20, 2012 10:59am
Al,

Please Explain the following:

Applying the template high or low in H1, the H1 channel appears twice, I understand that it's by the ATR Multiplier in TMA v1.4 Color Center Line indicators, but how I know what TMA channel is the correct? The Orange?

Thanks
Enter Signature
  • #6,139
  • Mar 20, 2012 11:02am Mar 20, 2012 11:02am
Quoting fxfury
very interesting, helps add to the confluences of the bands being respected, I have been looking at price patterns form and on the mtf tma and trying to see fakeouts at the top or bottom and continuations from the top or bottom.

ie a bullflag off the bottom of the 4hr up looking to have strong continuation to the upper band.

eventually you start to see things you cant unsee and you have developed an eye no doubt
Itīs not really developing an eye. The Breathing system actually lets me know when the patterns are due to occur in all time frames. It is an in depth study of the natural cycles of the market. It is similar in concept to what an electrocardiogram shows to a cardiologist. Actually I got the original idea for it from a cardiologist friend who explained to me the systolic and diastolic impulses of the heart over an electrocardiogram. It took me 20 years to develop it.
Observation is the path to discovery.
  • #6,140
  • Mar 20, 2012 11:06am Mar 20, 2012 11:06am
Quoting Alorente
Lynn, I donīt understand why he is so surprised about a 5% daily return. I know 2 traders personally who do 15% and 20% per day. A week ago I demonstrated real time how you can do it. I posted the trades several times during the day. I ended the day with 32 winners, one BE and 0 losses and a 12.8% return. You can see this if you look at the posts of a week ago. It is exhausting, but with knowledge and self control it is not impossible.
Al, When I make 5% or less in a day, I classify it as a below average day. For example, yesterday I was up more than 12%, today I am up more than 10% just scalping the 5 minute charts. That goes to show you just how much those dumbos really know about the market and yet they go through every forum posting such ridiculous comments with such unfounded authority.
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