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Extreme TMA System

  • #8,001
  • Apr 3, 2012 10:11am Apr 3, 2012 10:11am
I've been testing the method for a while, I think once I have mastered the art of patience, waiting for good setups and then only taking the good looking trades, I will finally get there.

At the moment I am making good pips, but then taking a few bad trades and giving them all back!

Practice Practice Practice
Tracking the Specialists.
  • #8,002
  • Apr 3, 2012 10:27am Apr 3, 2012 10:27am
I agree. Cherrypicking I can do ok. Ucad today was the only trade i fancied today. eur/gbp and wti oil yesterday.

I like to see price beyond 15m, 1hr and 4hr, plus price hitting a level.
  • #8,003
  • Apr 3, 2012 10:28am Apr 3, 2012 10:28am
Quoting Connected
I've been testing the method for a while, I think once I have mastered the art of patience, waiting for good setups and then only taking the good looking trades, I will finally get there.

At the moment I am making good pips, but then taking a few bad trades and giving them all back!

Practice Practice Practice
You know one of the reasons I am so comfortable with this system is that it give s me such a visual representation of what is going on with price. I also know that even if a trade goes 50+ pips against me it will come back (as long as I followed the rules and entered accordingly). It does it every time. Are they all perfect trades - NO - but they all turn out to be because of recovery and entering according to the rules. This system WORKS gang. Just do it as you have learned from AL and don't try to add to it. It is a really simple trading method - I have tried a lot of them in the past 3+ years and this one is the one that works for me. IMHO Tom
  • #8,004
  • Apr 3, 2012 10:59am Apr 3, 2012 10:59am
eur/gbp short 0.8352 for tp 10 pips
  • #8,005
  • Apr 3, 2012 11:05am Apr 3, 2012 11:05am
Finally long on USDCAD 0.9906. H1, M15, M5 ranging. TP 0.9922
To free Gazans of Hamas, use whatever it takes.
  • #8,006
  • Apr 3, 2012 11:47am Apr 3, 2012 11:47am
Hello Alfredo,

I know that the voice alerts are not ready for the dashboard yet.

However, can we use a general alert (various sound files standard wth MT4) with the Dasboard? Or, on the other hand, is the 'alert' function for the Dashboard not enabled yet?

Thank you for your kind assistance.

William
may you find what you seek and trade what you find
  • #8,007
  • Apr 3, 2012 11:53am Apr 3, 2012 11:53am
Quoting faxxion
Hello Alfredo,

I know that the voice alerts are not ready for the dashboard yet.

However, can we use a general alert (various sound files standard wth MT4) with the Dasboard? Or, on the other hand, is the 'alert' function for the Dashboard not enabled yet?

Thank you for your kind assistance.

William
Not enabled yet but we are very close with voice alerts. There is a problem with it that hangs up MT4 but it has just been resolved.
Observation is the path to discovery.
  • #8,008
  • Apr 3, 2012 11:56am Apr 3, 2012 11:56am
Quoting faxxion
Hello Alfredo,

I know that the voice alerts are not ready for the dashboard yet.

However, can we use a general alert (various sound files standard wth MT4) with the Dasboard? Or, on the other hand, is the 'alert' function for the Dashboard not enabled yet?

Thank you for your kind assistance.

William

Hello William,

try the attached indi with alert.
unhappily the indi contains only rule 1 to rule 3
Attached File(s)
File Type: ex4 TMA_alert1.0.ex4   8 KB | 752 downloads
  • #8,009
  • Apr 3, 2012 11:56am Apr 3, 2012 11:56am
Quoting Alorente
Not enabled yet but we are very close with voice alerts. There is a problem with it that hangs up MT4 but it has just been resolved.
How about Email alert in case we cannot stare on PC all the time?
Follow me to the Promised Land
  • #8,010
  • Apr 3, 2012 11:57am Apr 3, 2012 11:57am
EurAud ready for short with a Trix divergence to boot.
Observation is the path to discovery.
  • #8,011
  • Apr 3, 2012 12:03pm Apr 3, 2012 12:03pm
Hello,

there are adjustable RSI, fastEMA and SlowEMA

Don't worry about this, I forgot to delete this lines of code. It does nothing to do with alerts.
  • #8,012
  • Apr 3, 2012 12:11pm Apr 3, 2012 12:11pm
gonna go long. might even sell eur/gbp
  • #8,013
  • Apr 3, 2012 12:11pm Apr 3, 2012 12:11pm
Quoting Alorente
Not enabled yet but we are very close with voice alerts. There is a problem with it that hangs up MT4 but it has just been resolved.
Hello Again Alfredo,

Once again, thank you for the timely response.

Also, I would like to say thank you to you and Carl for all of the hard work done behind the scenes. The rest of us will never know the time and sacrifice this requires, yet we all benefit. I am truly appreciative.

The reason I like the current Dashboard with divergence as a filter is that I feel it gives a much stronger signal. As you know, I trade with my stops placed just above/below the last swing high/low. This is usually within 10-20 pips of my entry. With fewer, stronger signals, I can trade these much larger with the same overall money management, stated as a percentage of my account, as trading many pairs simultaneously. I know that we all trade differently, but this fits well to my trading style.

Your Friend,

William
may you find what you seek and trade what you find
  • #8,014
  • Apr 3, 2012 12:12pm Apr 3, 2012 12:12pm
Quoting imbonitore
eur/gbp short 0.8352 for tp 10 pips
With you on that one however expect a 20 pip return. Why are you aiming at 10 pip?
  • #8,015
  • Apr 3, 2012 12:12pm Apr 3, 2012 12:12pm
30 min tf
  • #8,016
  • Apr 3, 2012 12:15pm Apr 3, 2012 12:15pm
Quoting Meta1
Hello William,

try the attached indi with alert.
unhappily the indi contains only rule 1 to rule 3
Hello Meta.

Thank you very much. Did you code this?

William
may you find what you seek and trade what you find
  • #8,017
  • Apr 3, 2012 12:16pm Apr 3, 2012 12:16pm
Quoting faxxion
Hello Again Alfredo,

Once again, thank you for the timely response.

[color=black][font=Verdana]The reason I like the current Dashboard with divergence as a filter is that I feel it gives a much stronger signal. As you know, I trade with my stops placed just above/below the last swing high/low. This is usually within 10-20 pips of my entry. With fewer, stronger signals, I can trade these much larger with the same overall money management, stated as a percentage...

Hmm, less trades with double the lot size? With tight SL's?
Interesting, really, but Al, do you thnk it would work?

And faxxion, how many signals are you getting in a day when including divergence for a signal? And what percentage of trades hit your SL and then turned in your favor when you had closed the trade?
  • #8,018
  • Apr 3, 2012 12:20pm Apr 3, 2012 12:20pm
Quoting grechmar
Hmm, less trades with double the lot size? With tight SL's?
Interesting, really, but Al, do you thnk it would work?

And faxxion, how many signals are you getting in a day when including divergence for a signal? And what percentage of trades hit your SL and then turned in your favor when you had closed the trade?
As William says, we all trade differently. I like to spread my trades with less lots and more pairs and I like to give price plenty of room to do its thing because I use Recovery, but if it works for William, then itīs ok.
Observation is the path to discovery.
  • #8,019
  • Apr 3, 2012 12:26pm Apr 3, 2012 12:26pm
This is the calm before the Fed Minutes storm. I expect the Minutes to show that QE3 is not really being discussed as a realistic option. That will hurt the EUR and GBP and help USD and JPY. Weīll see...
Observation is the path to discovery.
  • #8,020
  • Apr 3, 2012 12:29pm Apr 3, 2012 12:29pm
Quoting Alorente
As William says, we all trade differently. I like to spread my trades with less lots and more pairs and I like to give price plenty of room to do its thing because I use Recovery, but if it works for William, then itīs ok.
Would you think that profits from these lower no. of trades(at x2 lots) would be considerably lower?
Keeping in mind that recovery trades take up the place of other new trades.

I think though, that if the number of trades is small say 4 every day, and you have a SL of 20p, you would end having days where you just end up with no profit and some 20 pip loss.
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