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  • #221
  • Mar 22, 2012 3:59pm Mar 22, 2012 3:59pm
Quoting Fudomyo
I went back through my files and I was wrong.

mladen didn't apply the multicolor trend slope function to the TMA.

Because it's been applied to many other indicators, when Alorente posted the indicator with mladen's name on it, I incorrectly assumed the color trend slope was part of his original coding.

It honestly didn't occur to me until you wrote this post that the code for the color values was new. I haven't looked at the TMA in a couple of years, so I should have checked my files first.
Thank you very much for this reply. It means alot to me, as stupid as that is ,too clarify this matter. I would like to share as much as possible the things that I write but somedays(ex Today) it can really seem like more work posting and explaining than it took to write the stupid stuff in the first place.
  • #222
  • Mar 22, 2012 4:23pm Mar 22, 2012 4:23pm
nice work Fudomyo,

a voice of reason, but will the punters be able to hear you.....i doubt it!

Quoting Fudomyo
The "recovery strategy" is Martingale trading. Letting losers run is gambling, not actual trading.

It can sometimes work with very small position sizes, until it stops working. The amount of winning trades someone has or increasing a $100 micro account by 30% is meaningless. All markets eventually stop ranging, and that's when the 100% win rate Martingale traders self destruct.

The Extreme TMA OP is promoting averaging down, which is one of the most dangerous things any trader can do. It's basic knowledge that most people learn in the beginning....
  • #223
  • Mar 22, 2012 5:57pm Mar 22, 2012 5:57pm
Quoting mmaker

"recovery strategies" with no stop loss.
lol, if you only realised just how funny that statement actually is!

You're not alone though, I expect 95% of people who attempt to become traders have the same problem, they hate to be proved wrong nearly as much as they hate taking a loss!

Sad, but just too funny.....
  • #224
  • Mar 22, 2012 5:57pm Mar 22, 2012 5:57pm
LOOK guys,dont you understand ,

if you created a recovery on a long time basis,you would have mathematiclly scewered somthing that you would not share with us simpletons

regards
me
  • #225
  • Mar 22, 2012 6:08pm Mar 22, 2012 6:08pm
Quoting mister me
LOOK guys,dont you understand ,

if you created a recovery on a long time basis,you would have mathematiclly scewered somthing that you would not share with us simpletons

regards
me
I guess the system is so bleeding edge that no one but the OP and a few noobs are truly able to make it work.

It just won't work without a huge drawdown. You MUST let it go AT LEAST 100 pips against you or you're going to lose all your money.
Luck occurs when preparation meets with opportunity.
  • #226
  • Mar 22, 2012 6:25pm Mar 22, 2012 6:25pm
Quoting AlienFrog
I guess the system is so bleeding edge that no one but the OP and a few noobs are truly able to make it work.

It just won't work without a huge drawdown. You MUST let it go AT LEAST 100 pips against you or you're going to lose all your money.
all i can say is,if you do a simple forward test,maths will defy you,but ,and i say this with ernest,if you can scewer the maths you will be gone from here,

it can be done from a mechaical aproach,

it can be done by a descrecionary aproach,

but,.....................90 % of the traders here havnt understood the basic priniple of price

regards
me
  • #227
  • Mar 22, 2012 6:37pm Mar 22, 2012 6:37pm
Quoting mister me

90 % of the traders here havnt understood the basic priniple of price
90% of people haven't understood the basic principle of trading let alone price!
  • #228
  • Mar 22, 2012 6:40pm Mar 22, 2012 6:40pm
This thread is THE MOST ENTERTAINING I have ever read on FF. I'm not learning anything concrete, but there are some eloquent writers here and, apparently, experienced traders, and that's worth my time to follow.

Without trying to sound too strident, any non-idiot can tell that LazyPawn's original post was from a detached perspective, meant as an objective, although humorous, observation. My apologies to those who are not non-idiots, because you don't know who you are. Luckily, the rest of us do.

I tried Al's M5 scalping strategy. I even posted there a few times!. (Oh, no, someone is going to call me names for that!) I did it in the MT4 tester exactly according to the rules posted in the manual assembled by Lologo.

Have any of you Al defenders even tried that? Or any other part of his system? Just asking...

Not to put too fine a point on it - the experience was truly crazy. I thought I would get at least a fraction of the results claimed. I expected at least to be break even on my first try, or maybe even positive.

But it was a total bust. I tested one entire week in the MT4 tester. Not even one profitable trade!

This "system" has you entering long at the top of a trend, and short at the bottom!

The TMA Slope "indicator" looks great on a historical chart. But it doesn't give that pretty green center color change entry signal until the very top of the (green) trend. Then, as more bars are added over time, the older bars in the indi start to turn green. Eventually, you have a beautiful chart showing where you should have gotten in. But at the time of that candle, the indi was not green and the signal candle was still 20, 30, or 50 bars away.

I've seen indis that repaint, but never back like 50 bars into the past! Even your entry signal literally disappears in 15-20 bars as the outer and center bands move with the trend!

I'm not here to trash Al or his defenders or support his detractors. I'm just trying get better at trading forex to make some money. This is my experience using his trading rules.

For me, and, I suspect, for anyone who has diligently attempted to follow this strategy, the bottom line is that it just plain doesn't work.

Mega pips to all!
AF
Luck occurs when preparation meets with opportunity.
  • #229
  • Mar 22, 2012 6:46pm Mar 22, 2012 6:46pm
Quoting mister me
all i can say is,if you do a simple forward test,maths will defy you,but ,and i say this with ernest,if you can scewer the maths you will be gone from here,

it can be done from a mechaical aproach,

it can be done by a descrecionary aproach,

but,.....................90 % of the traders here havnt understood the basic priniple of price

regards
me
Actually, I agree with you. I just had to amplify your thought for the humor value!

I spend a lot of time with spreadsheets and calculations looking for a mathematical/statistical edge. Haven't found a good one yet. I'm not sure I have the math skills required.
Luck occurs when preparation meets with opportunity.
  • #230
  • Mar 22, 2012 6:49pm Mar 22, 2012 6:49pm
Quoting pipmutt
90% of people haven't understood the basic principle of trading let alone price!
yes,and i could be really corny and say all the more for me,but its not so,our insignifiance is quite clear,

i hate to see people wasting years and money on bullshit,

theres always the simple truth,1+1 =2,then you can see that 1+1 =3,

regards
me
  • #231
  • Mar 22, 2012 7:04pm Mar 22, 2012 7:04pm
Quoting AlienFrog
Actually, I agree with you. I just had to amplify your thought for the humor value!

I spend a lot of time with spreadsheets and calculations looking for a mathematical/statistical edge. Haven't found a good one yet. I'm not sure I have the math skills required.
ther much more simplistic than you believe,

regards
me
  • #232
  • Mar 22, 2012 8:04pm Mar 22, 2012 8:04pm
Quoting bluesteele
It never ceases to amaze the BS people say and the rest that believe it.
Quote
Shit people are stupid...

Not nice from you to say that. Lets see what you wrote in some other thread

Quoting bluesteele
Numerous, multi-person experiences tell me the paranormal world does exist. No mass illusions...Nothing like the BS you see on TV.

It's as real as it gets.
Looks like someone has double standards on the "stupidity issue". Sorry, sir but you are not qualitfied to say what is stupid and what is not since you are inclined to see ghosts and witches flying around
  • #233
  • Mar 22, 2012 8:33pm Mar 22, 2012 8:33pm
Hey bluesteele, looks like you have another fan.
Mark ... Everything you have been told is a LIE
  • #234
  • Mar 22, 2012 11:33pm Mar 22, 2012 11:33pm
Quoting N11
Not nice from you to say that. Lets see what you wrote in some other thread



Looks like someone has double standards on the "stupidity issue". Sorry, sir but you are not qualitfied to say what is stupid and what is not since you are inclined to see ghosts and witches flying around

LMAO.... Thanks Bud for the laugh ! I always appreciate fans like you!

Keep up the good work !

WOW.... you wouldnt believe it I just saw a ghost. Looks like Jacko.....LOL

Toddle Loo N2
Master your Mind,,,Master the Market
  • #235
  • Mar 23, 2012 1:35am Mar 23, 2012 1:35am
Quoting bluesteele

WOW.... you wouldnt believe it I just saw a ghost. Looks like Jacko.....LOL
Jacko, lol, maybe this Alorente character is his reincarnation!

Whatever happened with that in the end, did investors get their money back?

Anyway, looks like you got yourself a stalker there Blue, I wonder if we're going to see some virtual bunny-boiling!
  • #236
  • Mar 23, 2012 1:41am Mar 23, 2012 1:41am
Quoting pipmutt
Jacko, lol, maybe this Alorente character is his reincarnation!

Whatever happened with that in the end, did investors get their money back?
As far as I know, Jacko never got caught.....and even if he did, the peoples money is long gone.....
Doing what you like is Freedom. Liking what you do is Happiness.
  • #237
  • Mar 23, 2012 1:44am Mar 23, 2012 1:44am
Quoting realjumper

As far as I know, Jacko never got caught.....and even if he did, the peoples money is long gone.....
True...
  • #238
  • Mar 23, 2012 2:49am Mar 23, 2012 2:49am
Quoting realjumper
As far as I know, Jacko never got caught.....and even if he did, the peoples money is long gone.....
Jacko the wacko was the smoothest operator... as slick as they make em...not even the FBI can track the jackal.
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #239
  • Edited 10:34am Mar 23, 2012 2:53am | Edited 10:34am
Quoting AlienFrog
This thread is THE MOST ENTERTAINING I have ever read on FF. I'm not learning anything concrete, but there are some eloquent writers here and, apparently, experienced traders, and that's worth my time to follow.

Without trying to sound too strident, any non-idiot can tell that LazyPawn's original post was from a detached perspective, meant as an objective, although humorous, observation. My apologies to those who are not non-idiots, because you don't know who you are. Luckily, the rest of us do.

I tried Al's M5 scalping strategy. I even...
lol.... great post!

It's always fun to try new things. I got pretty much the same results you did when I tested TMA a few years back.

Besides the repainting issue, the biggest problem with a centered average is it's the slowest signal you can put on a price chart. So it's useless, especially as an entry/exit tool and has very limited accuracy for identifying pivotal support and resistance.

How far price deviates from the signal lines in a volatile market is amazing. That's why most people abandoned it a while back. It's basically a nicer looking, less functional variation of Bollinger Bands or Donchian Channels.


The only two things anyone ever needs to know about indicators is this. To make them fast enough for proper entry timing on a trade, the curve for false signals rises exponentially, and to slow them down enough to properly filter false signals ensures the entries are too late.

...but they're still fun to play with sometimes.
  • #240
  • Mar 23, 2012 3:13am Mar 23, 2012 3:13am
Quoting Fudomyo
The "recovery strategy" is Martingale trading. Letting losers run is gambling, not actual trading. ......
Great post, Fudo, as usual.

The Dennis Gartman video should be mandatory viewing for all newbie traders.

It's amazing how many folk believe that it's possible to succeed long term by avoiding the use of stoplosses; by averaging down; and/or by employing some martingale variant.

Quoting Fudomyo
The only two things anyone ever needs to know about indicators is this. To make them fast enough for proper entry timing on a trade, the curve for false signals rises exponentially, and to slow them down enough to properly filter false signals ensures the entries are too late.
More mandatory reading for newbies. If I'd known this when I started out, it would have shaved maybe 2 years off my learning curve. Bottom line is that you have to enter at some point, and any indy can be calibrated to get you in as early or as late as you wish. In other words, a completely arbitrary process.

David
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