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Extreme TMA System

  • #7,481
  • Mar 28, 2012 6:44am Mar 28, 2012 6:44am
Quoting OzFXtrader82
Hey Al,

I am looking for the tool that you use for clicking on the SL/TP level and manually moving it on the chart.

I am having a good trading day so far. 3 profitable trades in a row band to band. I'm looking forward to having trades that go wrong as silly as that sounds so I can get my understanding of the system ingrained in my mind.

Thanks and keep up the great work on your forum. I love it!

John
You may have to wait a while. Iīve had up to 33 winners in a row...
Observation is the path to discovery.
  • #7,482
  • Mar 28, 2012 6:46am Mar 28, 2012 6:46am
Quoting Milanista
You are welcome. Pls share your experience with the EA in due course. Have been looking for a good EA recommendation to manage my trades. Hoping to manage my trades in two parts. Enter manually with 30 - 50 pips SL; Exit 65% of position on mid-line of 1 hr channel & set SL to BE & exit remainig 35% about 5 pips from the opposite side of the 1 hr channel.
It sounds like you've put alot of thought into your trading plan. I'll have a play with the EA and see how I go. I was thinking it was just a simple click and drag tool but after reading those instructions I'm not so sure.

I am sticking to the 5 minute time frame at the moment but I like the idea of getting into larger time frames down the track. I like the idea of being able to get away from the screen between bar closes.

Thanks again

John
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #7,483
  • Mar 28, 2012 6:48am Mar 28, 2012 6:48am
Quoting OzFXtrader82
Hey Al,

I am looking for the tool that you use for clicking on the SL/TP level and manually moving it on the chart.

I am having a good trading day so far. 3 profitable trades in a row band to band. I'm looking forward to having trades that go wrong as silly as that sounds so I can get my understanding of the system ingrained in my mind.

Thanks and keep up the great work on your forum. I love it!

John
Here is the EA you are looking for.

Place in the Experts folder, not the indicators folder.
Attached File(s)
File Type: mq4 luktom visual order editor.mq4   14 KB | 605 downloads
Observation is the path to discovery.
  • #7,484
  • Mar 28, 2012 6:48am Mar 28, 2012 6:48am
Quoting penet
Al what do you think about eur/aud ? Is still on "only buy" but when it switch's to ranging it could be a good opportunity to short.
I agree.
Observation is the path to discovery.
  • #7,485
  • Edited 12:34pm Mar 28, 2012 6:49am | Edited 12:34pm
I have used Luktom for ages, and love it.

It won't do partial closes though.

However, it is much simpler than Cave Manager, and of course you can drag the lines. Also the b/e at x pips is useful.

Just one word of warning, if you have more than one install logged into the same account... it will work across all. Can be a bit disconcerting!

Also trade managers will overrule any manual interference.

And depending on your broker you may need to set 300 for 30 pips etc...


Correction: the latest version DOES allow for partial closes. Sorry for being out of date.
  • #7,486
  • Mar 28, 2012 6:49am Mar 28, 2012 6:49am
Quoting Alorente
You may have to wait a while. If had up to 33 winners in a row...
Haha. I can only wish for that. I want to be able to have a couple of recovery trades while I'm still trading minimum lots so that I can see how I go mentally.

Tell me Al, is the potential of going into a recovery trade less if I'm using a smaller time frame (5 minute) or does it not make much difference? I'm thinking the chance of recovery would be much less in 5 minute.
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #7,487
  • Mar 28, 2012 6:59am Mar 28, 2012 6:59am
Wow - 500 pages in no time !!!!

Got be be a FF thread record surely.

Shows what a quality thread despite the few doubters.
  • #7,488
  • Mar 28, 2012 7:20am Mar 28, 2012 7:20am
Quoting OzFXtrader82
Haha. I can only wish for that. I want to be able to have a couple of recovery trades while I'm still trading minimum lots so that I can see how I go mentally.

Tell me Al, is the potential of going into a recovery trade less if I'm using a smaller time frame (5 minute) or does it not make much difference? I'm thinking the chance of recovery would be much less in 5 minute.
Most of my recovery trades have happened with 5M trades, but thatīs because 5M was my usual TF.
Observation is the path to discovery.
  • #7,489
  • Mar 28, 2012 7:21am Mar 28, 2012 7:21am
Quoting handy148
Wow - 500 pages in no time !!!!

Got be be a FF thread record surely.

Shows what a quality thread despite the few doubters.
There are some great people in this thread. They even let me post once in a while...
Observation is the path to discovery.
  • #7,490
  • Mar 28, 2012 7:28am Mar 28, 2012 7:28am
Quoting handy148
Wow - 500 pages in no time !!!!

Got be be a FF thread record surely.

Shows what a quality thread despite the few doubters.
So quantity = quality in your books?

I never understand the fascination for the number of pages; set the posts per page to 40, and there are less - does this mean I am not getting the quality that you are?

Attached Image (click to enlarge)
Click to Enlarge Name: pages.png Size: 82 KB
It takes a lot for me to IGNORE you, but you can try.
  • #7,491
  • Edited 8:09am Mar 28, 2012 7:45am | Edited 8:09am
Quoting Erebus
So quantity = quality in your books?

I never understand the fascination for the number of pages; set the posts per page to 40, and there are less - does this mean I am not getting the quality that you are?

Tracking the Specialists.
  • #7,492
  • Mar 28, 2012 8:07am Mar 28, 2012 8:07am
look like euro is back in the track
  • #7,493
  • Mar 28, 2012 8:08am Mar 28, 2012 8:08am
how do i view more posts per page, i can never work it out.
  • #7,494
  • Mar 28, 2012 8:16am Mar 28, 2012 8:16am
Quoting Alorente
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.
Thanks for the response! Your method of teaching is the best, I think!

Compilation was mainly in response to remarks about your methods undermining confidence, which is the opposite of the facts!

Sometimes, though, I think too much! "Clever people and grocers, they weigh everything!" ~Zorba The Greek (the film)

Been tied up lately, pressing issues, you know, so have fallen a bit behind.
Thanks for all your work. I can't keep up with you!
The mind thinks, the heart knows...
  • #7,495
  • Mar 28, 2012 8:16am Mar 28, 2012 8:16am
Quoting Jemook
how do i view more posts per page, i can never work it out.

Click on your user name at the top of the page.

Select user options from left hand side menu.

Near bottom of page select number of posts to show per page from the drop down box..

Save changes.
  • #7,496
  • Mar 28, 2012 8:16am Mar 28, 2012 8:16am
I'm just wondering with the 3x TMA on my screen why we've changed the setting for the higher TF TMA's? If I switch to 4h I get the grey TMA as the unedited TMA and then purple TMA as the edited one stretching a bit further. Can they both be used as resistance zones because sometimes it doesn't hit the purple TMA but will hit the grey TMA (on 4h).
  • #7,497
  • Mar 28, 2012 8:19am Mar 28, 2012 8:19am
Quoting Connected
Well said....that has been the most useless thing ever written on this thread!! ah aha ah
  • #7,498
  • Mar 28, 2012 8:24am Mar 28, 2012 8:24am
Quoting Jemook
I'm just wondering with the 3x TMA on my screen why we've changed the setting for the higher TF TMA's? If I switch to 4h I get the grey TMA as the unedited TMA and then purple TMA as the edited one stretching a bit further. Can they both be used as resistance zones because sometimes it doesn't hit the purple TMA but will hit the grey TMA (on 4h).
Yes. You can use it with any ATR Multiplier you want. I used Carlīs optimizer to get 3.0 and 2.5, but the default is 2.0. I removed 2.0 and center line because it ended up looking like a bowl of spaghetti.
Observation is the path to discovery.
  • #7,499
  • Mar 28, 2012 8:24am Mar 28, 2012 8:24am
still holding short EU,.
like Al said,.
  • #7,500
  • Mar 28, 2012 8:31am Mar 28, 2012 8:31am
Quoting OzFXtrader82
It sounds like you've put alot of thought into your trading plan. I'll have a play with the EA and see how I go. I was thinking it was just a simple click and drag tool but after reading those instructions I'm not so sure.

I am sticking to the 5 minute time frame at the moment but I like the idea of getting into larger time frames down the track. I like the idea of being able to get away from the screen between bar closes.

Thanks again

John
Here's another script for placing orders with adjustable sl/tp lines.

Easy Order
http://www.forexfactory.com/showthread.php?t=281772
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