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Extreme TMA System

  • #7,301
  • Mar 26, 2012 11:01pm Mar 26, 2012 11:01pm
Hi everyone,

I want to ask if anyone on the Extreme TMA forum is using Go markets MT4. I am using another brokers MT4 on demo but my live account is with Go markets and it doesn't seem to like the Extreme TMA templates. It will crash the program when I try to apply the templates.

I have contacted Go markets with advice on what I should do but they suggest that any attached EA's to the templates may be the problem. I have re-installed the program and the build is the current one (418).

Any ideas would be greatly appreciated.

Thanks

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #7,302
  • Edited 11:39pm Mar 26, 2012 11:38pm | Edited 11:39pm
Quoting Olarion1975
Hi traders,

I want to share a nice indicator with you that makes it very easy to manage your recovery trades. I have it on the same chart together with the dashboard.

The indi will show all open position and automatically displays the break-even price. So you do not need to do any calculations.

Needless to say that this works only if you have recovery trades in the same account as the initial trade.

Have fun!
Very handy indicator, the Break Even one. I just tried it. Working well. Thanks. However, I couldn't get the luktom EA you posted ...

http://en.luktom.biz/Page/447/luktom...l-order-editor

... drag and drop feature to work. Each time I tried dragging the any of the lines for TP and SL it just wouldn't do anything. Yes, the smiley face for the EA is working. Any thoughts? Thanks.
  • #7,303
  • Mar 26, 2012 11:51pm Mar 26, 2012 11:51pm
Quoting Riddermark
Very handy indicator, the Break Even one. I just tried it. Working well. Thanks. However, I couldn't get the luktom EA you posted ...

http://en.luktom.biz/Page/447/luktom...l-order-editor

... drag and drop feature to work. Each time I tried dragging the any of the lines for TP and SL it just wouldn't do anything. Yes, the smiley face for the EA is working. Any thoughts? Thanks.
Click on it man, use your mouse
  • #7,304
  • Mar 27, 2012 12:09am Mar 27, 2012 12:09am
Just woke up to find M15 and H1 bands and coral above H4 band. First time I've seen that but don't suppose it will be the last.
  • #7,305
  • Mar 27, 2012 12:12am Mar 27, 2012 12:12am
Quoting goldsurfer
Click on it man, use your mouse
Thats what I was doing, but nothing was/is happening. Anyone other thoughts?
  • #7,306
  • Mar 27, 2012 12:15am Mar 27, 2012 12:15am
Quoting OzFXtrader82
Hi everyone,

I want to ask if anyone on the Extreme TMA forum is using Go markets MT4. I am using another brokers MT4 on demo but my live account is with Go markets and it doesn't seem to like the Extreme TMA templates. It will crash the program when I try to apply the templates.

I have contacted Go markets with advice on what I should do but they suggest that any attached EA's to the templates may be the problem. I have re-installed the program and the build is the current one (418).

Any ideas would be greatly appreciated.

Thanks

John
Make sure your computer has a lot of RAM memory to run MT4 with all these indicators running on a bunch of pairs. To see if you have a memory RAM problem try just running one pair with everything and see if it crashes. If it does download a fresh updated MT4 from your broker. If it doesnt then you may need to check your RAM or not use as many indicators or pairs. When I had this problem I added RAM to my computer and used a fresh MT4. I change my MT4 about every 4-6 months, too many updates over time seems to make them go crazy.
  • #7,307
  • Mar 27, 2012 12:32am Mar 27, 2012 12:32am
One more thing. If it is a new copy of MT4 it downloads a lot of back history and all the time frames for each pair you have on the screen. That can take time and if you add a bunch of indicators before it is done it will crash. If it asks you to update now, say no until all this other stuff has settled in OR I wait until the weekend to let the updates through. I have had too many problems when updates hit and trades going on, with indicator signals, etc. Just overloads the entire program.

If it is none of those things. ???????????????????????
  • #7,308
  • Mar 27, 2012 12:32am Mar 27, 2012 12:32am
Quoting nanningbob
Make sure your computer has a lot of RAM memory to run MT4 with all these indicators running on a bunch of pairs. To see if you have a memory RAM problem try just running one pair with everything and see if it crashes. If it does download a fresh updated MT4 from your broker. If it doesnt then you may need to check your RAM or not use as many indicators or pairs. When I had this problem I added RAM to my computer and used a fresh MT4. I change my MT4 about every 4-6 months, too many updates over time seems to make them go crazy.
Hi Nanningbob,

I tried running just the one pair and the program still crashes. The software is a fresh download and the latest build etc. My system is an intel i7 with 6GB of RAM so it shouldn't be a problem.

I'm thinking it may be the EA's attached to the template that may be the problem as the consultant I talked to at Go Markets said he has received calls from people having similar problems.

The funny thing is that I am using a demo MT4 platform with GFT which is build 414 and everything is working fine.

I will keep chipping away at it. Thanks for taking the time to help. Much appreciated.

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #7,309
  • Mar 27, 2012 12:41am Mar 27, 2012 12:41am
[quote=OzFXtrader82;5514543]Hi Nanningbob,

I tried running just the one pair and the program still crashes. The software is a fresh download and the latest build etc. My system is an intel i7 with 6GB of RAM so it shouldn't be a problem.

Sometimes you just need to wait till it finishes processing, could take a few minutes...just let it do it´s thing, maybe it´s not a crash...I had no problems with either my desktop or laptop, running a window with 20 charts and indis as per system.
  • #7,310
  • Mar 27, 2012 1:12am Mar 27, 2012 1:12am
[quote=cuchuflito;5514547]
Quoting OzFXtrader82
Hi Nanningbob,

I tried running just the one pair and the program still crashes. The software is a fresh download and the latest build etc. My system is an intel i7 with 6GB of RAM so it shouldn't be a problem.

Sometimes you just need to wait till it finishes processing, could take a few minutes...just let it do it´s thing, maybe it´s not a crash...I had no problems with either my desktop or laptop, running a window with 20 charts and indis as per system.
I have no idea then. I havent tried GoMarket MT4 in several years and I vaguely remember having some problems. Good way to discourage using EAs if that is the case. Maybe someone else from down under can help.
  • #7,311
  • Mar 27, 2012 1:27am Mar 27, 2012 1:27am
Quoting JoaoOliveira
AL, what is your maximum percentage per position ? tks
6%. Unless I go into Recovery. The additional 6% in that case would replace another position´s 6%.
Observation is the path to discovery.
  • #7,312
  • Mar 27, 2012 1:30am Mar 27, 2012 1:30am
Thanks anyway for your help nanningbob. I might just have to stick with the broker I'm using on demo as I don't want to waste too much time with these problems with no obvious fixes.

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #7,313
  • Mar 27, 2012 1:41am Mar 27, 2012 1:41am
Quoting nanningbob
I see there are some questions about recovery. Everyone must understand that recovery is another form of range trading. You just expand your range. However, you cannot fight strong fundamental moves. Sometimes you are just on the wrong side of a trade and you just exit. Al does a good job in explaining some of this. What you have to understand is that there is a specific place you just take your loss. I trade year round but if you look at my long term record I have 1 or 2 losing months every year. I dont know a single trader that does not have...
I appreciate your contribution, Bob. As usual it is replete with common sense. I remember the first time I read your words. I could feel the experience and down to earth common sense in what you said. You made an impact on me, and to this day I thank you for it. It is an honor for me to have you visit us and transmit your concepts and ideas to the group.
Observation is the path to discovery.
  • #7,314
  • Mar 27, 2012 1:45am Mar 27, 2012 1:45am
Quoting Ever E. Man
To Al, William, P.Dean and all,
I've followed this thread from the beginning, and this is what I've gained from Al generous teaching.
Al's method of building confidence, as I understand it:

1a. If you are a new, inexperienced, or unprofitable trader, start with a practice account, or trade micro lots. When you go live from a demo, start small, very small. The point if to build confidence and gain consistency, not to gain large profits.

1b. New and inexperienced traders should...
Thank you for the recompilation of thoughts, Everman. You could be a great teacher if you are not already. Your method of expression is systematic and all encompassing. Thanks for your positive contributions to this thread.
Observation is the path to discovery.
  • #7,315
  • Mar 27, 2012 1:53am Mar 27, 2012 1:53am
Quoting fxtrader2k7
This is not meant to be argumentitive or disrepectful.

A rose by any other name smells the same.

Recovery system...price averaging. What's the difference? One and the same? Good money chasing after bad?

The setup:

Not very busy casino, just you and dealer at blackjack table. You have some system that tells you the deck maybe in your favor. First hand you lose; system says deck is still in your favor, second hand same size bet as first and you lose; system says deck is still in your favor.

Question:

Do you double up the bet or do you...
Equating FX trading to a casino is a pretty unfortunate comparison. I have been to a casino once in my life. It was enough for me to know that it would be the last time. In a casino you cede control to someone else. I feel under control and in control when I trade. I also feel that Lady Luck has very little to do with my trading success or failure. Being a believer in Murphy´s Law, I wouldn´t have it any other way.
Observation is the path to discovery.
  • #7,316
  • Mar 27, 2012 2:02am Mar 27, 2012 2:02am
Quoting iulli
Well it sounds good, what you are saying. But in reality is different. If what you are saying is true, than go mortgage the house, sell the cars and you will be a millionaire in no time "investing" this money in forex. But naningbob, in reality you said it yourself you would not trade a big account with this style. If you want I will find those posts. This trading style with "recovery" works when you don't risk lots of money. Lets say you have an account of 50.000 or 100.000 would you still trade the way you do right now? Be honest 10 % a month...
Many times I am amazed at how people assume things in this forum as well as in life. First of all, bob was explaining his method in proportional values, not in absolute terms. Secondly, how do you know his account is not 100,000 or ten times that?

Unfortunately, you do express yourself in absolute terms. To state that "THIS IS NOT A PROFESSIONAL WAY OF TRADING. This is gambling."
without offering proof to back it up, is tantamount to absolute ignorance.
Observation is the path to discovery.
  • #7,317
  • Mar 27, 2012 2:06am Mar 27, 2012 2:06am
Quoting Riddermark
Very handy indicator, the Break Even one. I just tried it. Working well. Thanks. However, I couldn't get the luktom EA you posted ...

http://en.luktom.biz/Page/447/luktom...l-order-editor

... drag and drop feature to work. Each time I tried dragging the any of the lines for TP and SL it just wouldn't do anything. Yes, the smiley face for the EA is working. Any thoughts? Thanks.
Double click on the lines to activate them. Then drag...
Observation is the path to discovery.
  • #7,318
  • Mar 27, 2012 2:12am Mar 27, 2012 2:12am
Al what is your thoughts about eur/usd ? I'm already out but you are stil on the short side of the force ?
  • #7,319
  • Mar 27, 2012 2:17am Mar 27, 2012 2:17am
Quoting penet
Al what is your thoughts about eur/usd ? I'm already out but you are stil on the short side of the force ?
I am still short EU and GU. My thoughts are the same they were when I entered the position. When and if the technicals deteriorate, I will exit with a loss. For now, I see no reason to do so.
Observation is the path to discovery.
  • #7,320
  • Mar 27, 2012 2:30am Mar 27, 2012 2:30am
Quoting nanningbob
What is the difference between a single hard SL or a multiple-level recovery. Nothing. You are both trading a range. If you set your SL at 30 and your TP at 60. Your range is 90 pips. If I trade with a range of 1000 pips, it is still a range. It is not gambling or doubling your bets. You trade with smaller lots and you can increase your range. When you increase your range you increase your odds of becoming successful. Let us say your are willing to risk 1% of your account and your account is 2000 dollars. That means 1% equals 20 dollars. With me...
Hi Bob,
When you talk about increasing your range to increase the odds of success it also means that sl's hits are way bigger than profit taking.. so with that said and if my observation stands correct.. how many wins give and take is needed to recover one loss? and what % of success ratio a solid system is needed behind this kind of MM?

Thanks for valued contribution in this forum.

regards,
Dean
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