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Extreme TMA System

  • #7,361
  • Mar 27, 2012 5:13am Mar 27, 2012 5:13am
Quoting Jikkie
MT4 build 418 apparently has some major problems. That may be the reason for the crashing.

If you can reinstall and use an earlier version do so, otherwise I would think 419 will arrive very soon.
Build 418 has a lot of "bugs". Most indicators and experts what using dll's won't work with it. If you have already updated to the 418 build, I would highly recommend to switch to an older build version. (Replace terminal.exe file)

More detailed description can be viewed here:

http://pipburner.com/metatrader-buil...vious-version/

http://www.donnaforex.com/forum/index.php?topic=5545.15

Regards, Josef
  • #7,362
  • Mar 27, 2012 5:14am Mar 27, 2012 5:14am
Quoting Alorente
I have added the Trend Exit Rule to the system on Post 1, and made the normal Exit Rules, Ranging Exit Rules. I believe we now have rules for all types of markets and the Extreme TMA system can now be your best friend at all times.
Thanks for the update, Al.
But could you also clarify the Trend Entry Rules, please?
Are they the same you posted a while ago for the M5 trend trading system you tested?
  • #7,363
  • Mar 27, 2012 5:15am Mar 27, 2012 5:15am
Quoting By_Tor2114
A quick question for the more experienced in this method:

If the H1 slope is over 50, but the M15 slope is showing potential for either direction, have people had any positive results in trading against the H1 slope for a quick scalp of 20 pips (Just a random number that would be satisfactory)?
Yes you can make the 20 pips but the risk is higher. A slope over 50 on any time frame means that the pa is probably making lower lows and higher highs. So you are basically counter trading that time frame. In this case, the H1.

The higher probability trade would be to wait for prices to hit the lower band on the 15m and then trade in the direction of H1.

Another good thing to watch is the angle of the tma. Prices like to follow that angle.

This is all about probabilities.
  • #7,364
  • Mar 27, 2012 5:17am Mar 27, 2012 5:17am
Quoting Alorente
Definitely not a good idea. If you are trading the M15 channel, you should do it only in the direction signaled by the H1 Slope value or simply stay in the Trend with our new Trend Rule.
Hi Al,

Thanks for the response. I figured this would be the case, but wasn't sure if you guys had found that you could still catch a small wave.

For now, I shall just be happy with my current +13 pips on the A/U short
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,365
  • Mar 27, 2012 5:19am Mar 27, 2012 5:19am
Quoting pixelboy
I also think with this kind of trading, it becomes more like investing. My savings account currently pays out 3.5% per YEAR, so 5% per week, over say, 40 trading weeks per year is a nice non-compounded 200% return per annum. I'd be happy with half that! NB says he averages 5% to 10% per month which again, is a nice stress free investment income.
Quoting pixelboy
I agree that we are here to make money, but I also believe that greed and unreasonable expectations are the key reasons why 95% of forex traders lose rather than make money. If you break even in this game you are doing better than most. I've traded live for 12 months (thankfully only for pennies) and struggled with losses, had huge runs of small wins, then a large loss wiping it out etc. Most of you have been there. I'm at the point now where I can make a little, recover losses and wallow around at break-even. One thing I do know is that every time...
I don't think 20%-40% per month (it is just 1%-2% per day) is greedy and/or unreasonable. As far as remember Al said that a trader has to aim at least 20% per month. At least!

I'm sorry, but I respectfully disagree: it is NOT investing and it will never be like investing, with every trade you take a risk, a loss is possible and nobody guarantees that you'll get even 1%!

Quoting pixelboy
Whether 1250 pips a week is possible depends on how much the markets move. Maybe a slow week will not yield that many pips. But to make it clear, I'm not just trading the EURUSD with this system. I'm watching 16 pairs, so if I trade half of them in the week, 150 pips per pair will give me 5%. Is 150 pips per week per pair unreasonable? To be absolutely honest, at the moment, I'd be happy to break even + a few pips with this system. Why? Because I've only been trading it a couple of weeks and I don't think you can get a real feel for a system unless...
pixelboy, it is one thing to have 16 charts and it is another thing to trade 16 pairs. Do you really trade 8 of them? Can you open 8 trades at the same time? I mean you can open them, but is it possible for you to run 8 trades at the same time, remember all the details, exit the trade at the right time or if it is necessary? If you can - great, but I know that I can't run more than 4 trades at the same time and since I trade real money I never trade more than 2 trades at the same time and I usually run only I trade with a good lot size.

But if you can run 8 trades at the same time, what about your MM? What if all of them go against you 250+ pips? And it can happen! Most usd pairs have pretty high correlations with EURUSD, if EURUSD goes against you, 7-8 other pairs will go against you too!

At any case, I wish you luck!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,366
  • Mar 27, 2012 5:26am Mar 27, 2012 5:26am
Quoting Alorente
I have added the Trend Exit Rule to the system on Post 1, and made the normal Exit Rules, Ranging Exit Rules. I believe we now have rules for all types of markets and the Extreme TMA system can now be your best friend at all times.
Al, you are THE MAN!

Thank you very much!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,367
  • Mar 27, 2012 5:29am Mar 27, 2012 5:29am
Hi Al

Regarding the TMASlope indicator the default setting for the eint period is 56. Did you arrive at this figure by some form of analysis? If yes are you prepared to divulge the method as this is so close to JM Hurst's 60 period cycle as to make no difference.

Also what does the abbreviation eint stand for?

If you have explained this in a previous post please forgive me I am trying to read everything as quickly as possible, think I might be fighting a losing battle though the way these pages grow in number.

Regards and thanks
Nut
  • #7,368
  • Mar 27, 2012 5:30am Mar 27, 2012 5:30am
Quoting nanningbob
Since I have posted my 10.0 thread I have been hitting above 77% win rate. My experience has been I am profitable as long as i am above 65% win rate. So I have a decent margin of error. My goal is to hit 10% increase of my account every month and I have done that several months but after 8 months it is closer to 7.5% as an average. So if I finish strong over the next 4 months I may hit my goal. Either way I am profitable. The lower figure has more to do with the time off for the holidays for December and Jan. I am closing in on doubling my original...
Thanks for all the info. Your trading details are very helpful for other traders.

Regarding my trades, the Extreme TMA system works in all time frames. I have now tried it in all except M1 and I am happy with the results. It seems like the duration of the trades are running an average of 8 to 10 candles in whatever time frame you choose. So about 45 minutes to an hour on M5. 2 hours on M15, 8 hours on M1 and so on. Of course, now with the new Trend Rule, which I intend to use every chance I get, the trade time average will climb substantially.
Observation is the path to discovery.
  • #7,369
  • Mar 27, 2012 5:32am Mar 27, 2012 5:32am
Just closed my A/U short as the slope closed a bar against me. Possibly a bit early on the exit, but no one lost money by taking a profit, right?
In boxing, all the champion's results are visible. In forex, talk is cheap.
  • #7,370
  • Mar 27, 2012 5:36am Mar 27, 2012 5:36am
Quoting nanningbob
I want to differentiate between fundamentals and a news story. The market moved on a news story and may run for a couple of hours to a day or two. That is not a fundamental. A fundamental will move the market in one direction for weeks or even months at a time. Interest rate changes are one, government policy is another (bank of Switzerland as an example). I basically ignore news stories. They will drive you nuts. They bounce price up and down suddenly and then retrace back to where they were a day or two later.

My opinion on the Euro is there...
The Euro ranging within the parameters you mentioned, would be a great vehicle for juicy profits with this system in the months ahead.

I, like you, do not see the Euro above 1.35. On the other hand, I can visualize it under 1.20 easily.
Observation is the path to discovery.
  • #7,371
  • Edited 5:56am Mar 27, 2012 5:45am | Edited 5:56am
Quoting Olarion1975
Thanks for the update, Al.
But could you also clarify the Trend Entry Rules, please?
Are they the same you posted a while ago for the M5 trend trading system you tested?
No. The entry rules remain the same. We are not pretending to enter a trend that is already under way. All trends begin in a ranging market. We should enter trades in a ranging market and then remain in the trade if a trend begins.

I tested the entry rules in the M5 system and they were not working properly because of the repainting issue. I found myself too often making a decision to enter a trade, just to find a couple of bars after that the condition had changed and the trade was no longer valid. I would much rather enter with the normal rules and decide later whether to remain in the trade or not, depending on the Slope value..
Observation is the path to discovery.
  • #7,372
  • Mar 27, 2012 5:47am Mar 27, 2012 5:47am
Quoting Alorente
No. The entry rules remain the same. We are not pretending to enter a trend that is already under way. All trends begin in a ranging market. We should enter trades in a ranging market and then remain in the trade if a trade begins.

I tested the entry rules in the M5 system and they were not working properly because of the repainting issue. I found myself too often making a decision to enter a trade, just to find a couple of bars after that the condition had changed and the trade was no longer valid. I would much rather enter with the normal rules...
Excellent, thanks for the answer!
  • #7,373
  • Mar 27, 2012 5:51am Mar 27, 2012 5:51am
Quoting Favorite
I don't think 20%-40% per month (it is just 1%-2% per day) is greedy and/or unreasonable. As far as remember Al said that a trader has to aim at least 20% per month. At least!

I'm sorry, but I respectfully disagree: it is NOT investing and it will never be like investing, with every trade you take a risk, a loss is possible and nobody guarantees that you'll get even 1%!



pixelboy, it is one thing to have 16 charts and it is another thing to trade 16 pairs. Do you really trade 8 of them? Can you open 8 trades at the same...
You have a point Mike, but remember that when I say Trading, I mean a relatively small account that is traded pretty aggressively. From there to Investing, which you can also do in the Forex market, there are many shades of Grey. I believe Bob and Pixelboy are each in a different shade of Grey with a lot less risk than I have in my trading. That is the reason I expect over 20% returns per month. I could also choose to make 10% with a much larger balance and a lot less risk. I follow the system that fits my personality and availability of time. All systems are valid, as long as your risk/reward balance makes sense.
Observation is the path to discovery.
  • #7,374
  • Mar 27, 2012 5:52am Mar 27, 2012 5:52am
Al - along the way new things have been introduced (the coral which I believe is one of your favourite indi's and the 200 MA).

Is there any unspoken or unwritten rule for example that you don't take a short if price is above the coral ??
  • #7,375
  • Mar 27, 2012 5:55am Mar 27, 2012 5:55am
Quoting Nut
Hi Al

Regarding the TMASlope indicator the default setting for the eint period is 56. Did you arrive at this figure by some form of analysis? If yes are you prepared to divulge the method as this is so close to JM Hurst's 60 period cycle as to make no difference.

Also what does the abbreviation eint stand for?

If you have explained this in a previous post please forgive me I am trying to read everything as quickly as possible, think I might be fighting a losing battle though the way these pages grow in number.

Regards and thanks
Nut
No. I tried the system with the default TMA value as used by nanningbob and it worked fine. I donīt believe in optimization of indicators to fit a system. If a system is solid, you should not need to change values.
Observation is the path to discovery.
  • #7,376
  • Mar 27, 2012 6:01am Mar 27, 2012 6:01am
Quoting handy148
Al - along the way new things have been introduced (the coral which I believe is one of your favourite indi's and the 200 MA).

Is there any unspoken or unwritten rule for example that you don't take a short if price is above the coral ??
No. I have added the Coral and the 200MA so you can get used to seeing how they interact with price. As you trade with them in the chart, you will appreciate their value more and more. There are no rules written around them at this time. Their function is mostly to serve as clear s/r levels at this time. Later we may get into how they act in my Breathing System, even though, I donīt think that is necessary and it will probably complicate things unnecessarily.
Observation is the path to discovery.
  • #7,377
  • Mar 27, 2012 6:13am Mar 27, 2012 6:13am
this ope looks like better:

eurusd short

http://i43.tinypic.com/k05w6s.jpg

TP 1.32771

regards!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,378
  • Mar 27, 2012 6:15am Mar 27, 2012 6:15am
Al, what do you think, why there is no reaction of stopping to test the trendline? and moreover do you think today or tomorrow market take a down journey in respect to trendline.thx
  • #7,379
  • Mar 27, 2012 6:17am Mar 27, 2012 6:17am
Quoting Alorente
You have a point Mike, but remember that when I say Trading, I mean a relatively small account that is traded pretty aggressively. From there to Investing, which you can also do in the Forex market, there are many shades of Grey. I believe Bob and Pixelboy are each in a different shade of Grey with a lot less risk than I have in my trading. That is the reason I expect over 20% returns per month. I could also choose to make 10% with a much larger balance and a lot less risk. I follow the system that fits my personality and availability of time. All...
Thank you Al, that makes sense!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #7,380
  • Mar 27, 2012 6:25am Mar 27, 2012 6:25am
I apologise if this question is a little late in the day, but please Al, could you explain why you prefer an indicator that repaints, TMA v1.4 Color Center Line, to one that does not, TMA True with Distancesxx?

I understand that they match on the current bar, but I do not understand why you prefer to see "fiction" when looking back.

I quite like to see what I perhaps should have done, but if you prefer a repainting indi... I must be missing something here.
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