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Extreme TMA System

  • #8,341
  • Edited 10:35am Apr 7, 2012 10:34am | Edited 10:35am
Quoting Alorente
Here is how things stand on the H1 chart. You can see the RSI trendline was tested on Friday. I expect the third leg down developing early next week to the light blue channel line, before a bounce.
Hi Al,

Can you provide a zoom out picture for either H4 or D1 to show how/where you drew those blue downtrend lines for EURUSD?

Thanks. Best regards.
  • #8,342
  • Apr 7, 2012 10:38am Apr 7, 2012 10:38am
Quoting Bary
M15 TMA lines originally. Then the last few I've been trading off the H1 TMA line 15M chart using all the rules. The low number of trades is due to time available for forex trading and I only look at 4-5 pairs. Most of my trades are on the E/U, and 1 or 2 each on G/U, A/U, E/J, U/J. Also most trades are NY time as I'm in Buffalo, NY
Do you use trainling stop or set SL to BE ?
Quoting Olarion1975
Hi Riddermark,

thank you. Regarding your questions:

1. It was one of my trading accounts I dedicated only to the Extreme TMA system.

2. I used an average lotsize that in average was 12% margin of my account balance per position. I will limit my risk to 4%-6% in the future.

Example:
10.000 Euro --> 0,6 lots (1200 Euro margin) = 12%

3. I had maximum 3 open positions (36% of my account) plus recovery trades.

4. 1:50

5. Recovery
Very fast answer Do you use trainling stop or set SL to BE ? I still find answer for H1
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  • #8,343
  • Apr 7, 2012 10:42am Apr 7, 2012 10:42am
Quoting Riddermark
Hi Al,

Can you provide a zoom out picture for either H4 or D1 to show how/where you drew those blue downtrend lines for EURUSD?

Thanks. Best regards.
Here it is.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 156 KB
Observation is the path to discovery.
  • #8,344
  • Apr 7, 2012 10:46am Apr 7, 2012 10:46am
Quoting maxryan9999
Very fast answer Do you use trainling stop or set SL to BE ? I still find answer for H1
I never used a trailing stop. I also don't set SL to BE - either TP hits or recovery begins.
  • #8,345
  • Apr 7, 2012 11:04am Apr 7, 2012 11:04am


good evening to publish graphs without (banda) number: mt4 account, how to do, only with graphics, greetings
  • #8,346
  • Apr 7, 2012 11:39am Apr 7, 2012 11:39am
Dear Al, Carl :

Highly Thank you to your leadership at EX TMA, also, those fellow members of Hall of Fame.

Regarding the V32 of Carl´s Dashboard,

" One for the Fast Trix color change trigger and the other one for Divergence detection. Both are turned off by default......"

Does it use at sometimes we need its two functions,
1. Fast Trix color change trigger
2. Divergence detection

turn it on ( turn it true ), when we need this function , and then we do not need it , we must turn it off ??


Happy Easter day !

SCOTT C / Taiwan EX-TMA Team

~~~~~~~~~~~~~~~~~~~~~~~~~~
  • #8,347
  • Apr 7, 2012 12:17pm Apr 7, 2012 12:17pm
Quoting maxryan9999
Tool - Options -

Mark
x
0
0
x
0
x
0
x
OK and drag EA again
sorry but i dont undestand very well...can you explain me beteer?
with an pic would be better
  • #8,348
  • Apr 7, 2012 12:39pm Apr 7, 2012 12:39pm
Hello Al,

I've been following your thread for the last few weeks, and just wanted to say thank you for your generosity and time spent sharing your system and helping others understand it. I've traded futures and options with some limited success, but have been looking for something more.

I've spent the last few years studying multiple time frame setups, and yours allows me to see the various time frames and how they relate to each other in a way I always struggled with before.

Also, a big thank you to Carl for his dashboard, and everyone else here that is making positive contributions. I hope I can soon too.

Matthew
  • #8,349
  • Apr 7, 2012 1:18pm Apr 7, 2012 1:18pm
Musashikilla,

I'll try to help you.

First, download the 'packet.zip' file from page 1, post 1 and extract the files.

Place the files from the extracted folder into the following subfolders:
experts -> MT4experts
profiles -> MT4profiles
templates -> MT4templates
indicators -> MT4expertsindicators

Stop and restart MT4.

Open a new chart (start with eur/usd currency pair). Add template (right-click and select template) and select one of the four templates you just added. You should now have a chart displayed on monitor with all the necessary indicators on it.

I'll stop at this point. I'll add more once you get to this point!

Please let me know what build (version) of MT4 you have? If it is less than build 409, it will need to be upgraded. If it is greater than build 416 it will need to downgraded.

Regards,
-Frank
  • #8,350
  • Edited 1:48pm Apr 7, 2012 1:37pm | Edited 1:48pm
Quoting Olarion1975
I traded 10 pairs: AudUsd, EurAud, EurGbp, EurJpy, EurUsd, GbpJpy, GbpUsd, UsdCad, UsdChf, UsdJpy.

I used an emergency stoploss of -150 pips, but played recovery at -100 pips a few times. All ended up break-even. But I also exited some trades manually with a loss when I was conviced they were not worth recovery.

For the entry I mainly used the awesome dashboard for a heads-up and then evaluted the entry criterias again (TMA slope, MTF TMA, s/r, pivots, round numbers, HA color, Trix color) before pulling the trigger.
Hi Olarion,
Once again, your result is so impressive to me. I have some questions and hope you to help answer:

1. Did you use the latest dashboard v.32? Could you kindly explain specifically your own setting of dashboard, because it has some new options such as Trix fast color, Divergence. Did you turn on/off these inputs?

2. What is TMA band of H4, H1, or M15 for your trigger? You said you trade off M15, but I am not sure your prices for entry setup based on H4 or H1 or M15 TMA bands?

3. Your process before entering is:
3.a Look out signal on dashboard first?
3.b Then you switch to interested chart to check the signal complying with the system rules again before you participate or not?

4.Do you use any other method for trend identification on higher timeframe before using Extreme TMA sytem on M15 to get in?

Great thank for your reply and wish you continuing success.

Exciter135
  • #8,351
  • Apr 7, 2012 2:23pm Apr 7, 2012 2:23pm
Quoting Exciter135
Hi Olarion,
Once again, your result is so impressive to me. I have some questions and hope you to help answer:

1. Did you use the latest dashboard v.32? Could you kindly explain specifically your own setting of dashboard, because it has some new options such as Trix fast color, Divergence. Did you turn on/off these inputs?

2. What is TMA band of H4, H1, or M15 for your trigger? You said you trade off M15, but I am not sure your prices for entry setup based on H4 or H1 or M15 TMA bands?

3. Your process before entering is:
3.a Look out signal...
Hi Exciter135,

please find my answers below.

1. I always used the latest dashboard at that time. The dashboard v.32 I've been using since April 5 (trix fast color change and divergence OFF). My settings are always default, I only adjusted the GMT offset for the pivot calculation.

2. My trigger was mainly the M15 TMA band, a few times the H1 band. I never traded the H4 timeframe.

3. Yes, this is my sequence before entering a trade.

4. No. I only used the TMA bands and slope values with the default template on the M15 chart for trend identification.

Hope this helps, otherwise you are welcome to ask any further questions.
Olarion
  • #8,352
  • Apr 7, 2012 4:31pm Apr 7, 2012 4:31pm
Quoting Olarion1975
Hi Exciter135,

please find my answers below.

1. I always used the latest dashboard at that time. The dashboard v.32 I've been using since April 5 (trix fast color change and divergence OFF). My settings are always default, I only adjusted the GMT offset for the pivot calculation.

2. My trigger was mainly the M15 TMA band, a few times the H1 band. I never traded the H4 timeframe.

3. Yes, this is my sequence before entering a trade.

4. No. I only used the TMA bands and slope values with the default template on the M15 chart for trend identification....
Many thank Olarion, I think it is enough now, and nice weekend to you.
  • #8,353
  • Apr 7, 2012 4:48pm Apr 7, 2012 4:48pm
Quoting Alorente
Happy Easter to Everyone.
Happy Easter Al and every one
  • #8,354
  • Apr 7, 2012 7:28pm Apr 7, 2012 7:28pm
Quoting L,,Olonese
sorry but i dont undestand very well...can you explain me beteer?
with an pic would be better
here you are mark same in picture and then click ok.
If it work you will see top right corner of chart (a Smile) not (icon "X")
Attached Image
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  • #8,355
  • Apr 7, 2012 8:50pm Apr 7, 2012 8:50pm
Quoting faxxion
Money Management: The Best Of Both Worlds:

Hello Everyone,

On March 26, we had a lively debate regarding Money Management. My request was a discussion for the possibility of an alternative to using Recovery. My feelings were then, and still are, that for those of us who trade large enough to make our living from a limited amount of resources, we cannot afford draw downs of hundreds of pips.

[size=3][font=Calibri][b][u]First...
In my opinion this shows exactly the difference between a professional trader and amateur trader. Hedging the same pair is prohibited for a reason in US. Hedging will eat your account. It is a loosing strategy. Let me give you an example:

Amateur forex trader:
1ST Trade lost 10 pips and then hedge (or locking the losing trade)
2ND Trade lost again 10 pips (by unlocking and the locking the previous trade)
3RD Trade lost again 10 pips (by unlocking and the locking the previous trade)

Total an amateur trader who can not take losses lost this time 30 pips plus extra spreads from the opposites trades needed to hedge (lets say 2 pips spread that is 6 extra pips) Total loss 36 pips that is 360 dollars as in your example.

Professional trader:
1ST trade stop loss 10 pips
2ND trade stop loss 10 pips
3RD trade stop loss 10 pips

Total loss 300 pips that is 300 dollars as in your example.

Also keep in mind when you hedge in the 2ND trade or 3RD trade you still have the loss in pips it is real you just "locked it" but it is still there,so mathematically is the same as you are using a "regular stop loss" it is an illusion that you are locking or unlocking your loss, and it is also expensive to hedge since you pay extra spreads, and I am not even going to talk about swaps...

There are not to many people who sees that for what it is.
  • #8,356
  • Apr 7, 2012 9:09pm Apr 7, 2012 9:09pm
Are alerts still not implemented in version 32? They don't seem to work.

There should at least be a way to filter out the time frames from the experts tab that you aren't interested in.
  • #8,357
  • Apr 7, 2012 11:54pm Apr 7, 2012 11:54pm
Hi all,

Thanks Alorente for your work,


I propose Tma channel end-point indicator following the trajectory of the

end-point centred-tma.


This indicator does not recalculates, good for backtest.


In hoping that this indicator can help you.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: tma_endpoint.gif Size: 21 KB
Attached File(s)
File Type: mq4 #TMA+Channel_End_Point.mq4   3 KB | 2,013 downloads
KISS&V :Keep it simple safe & visual
  • #8,358
  • Apr 8, 2012 2:34am Apr 8, 2012 2:34am
Quoting laverla
hello I need to set parameters tma extrema and, as I do thank you
good pasqua
Hai un messaggio privato.
Ciao e buona Pasqua
Sabrina
  • #8,359
  • Apr 8, 2012 4:32am Apr 8, 2012 4:32am
Quoting maxryan9999
Do you use trainling stop or set SL to BE ?


Very fast answer Do you use trainling stop or set SL to BE ? I still find answer for H1
I use no stop loss initially as I intend to use recovery. I move my stop to a S/R level once I have good profit about +20 or so and take profit at opposite M15 band or when I feel it's going to reverse or PA has run it's course. I trade the same rules as Olarion. Most trades have been when PA is past the M15 band and at a S/R level with other rules meet. I am starting to take some trades off the H1 band and hang on for more pips.
Barry
  • #8,360
  • Apr 8, 2012 1:17pm Apr 8, 2012 1:17pm
Quoting iulli
In my opinion this shows exactly the difference between a professional trader and amateur trader. Hedging the same pair is prohibited for a reason in US. Hedging will eat your account. It is a loosing strategy. Let me give you an example:

Amateur forex trader:
1ST Trade lost 10 pips and then hedge (or locking the losing trade)
2ND Trade lost again 10 pips (by unlocking and the locking the previous trade)
3RD Trade lost again 10 pips (by unlocking and the locking the previous trade)

Total an amateur trader who can not take losses lost this time...
Hello Iulli,

First of all, the idea that hedging is prohibited in the U.S. to save us all from ourselves is naive, to say the least. If they wanted to save us from losing money they could limit spreads, allow straddles around news without context issues, etc...


Second, I do not believe anyone here needs a grade school lesson. Mathematically, you are correct. There is no difference between locking and unlocking as there would be between being stopped out of a trade and re-entering at a later time. However, psychology is a huge factor when trading. My only point was that if you feel the need to stay in a trade that has gone against you, 'locking' may be an option to explore rather than 'recovery'.


'Recovery' works and is a valid money management style. However, it demands that you trade smaller lots so that when 'recovery' is neccessary, your account can handle it. 'Locking' allows you to trade larger, as if you were using 'stops'. In addition, it allows you to psycologically stay in the trade, without incurring further loss, and go about your business until another opportunity presents itself.


As far as who is professional and who is not, you have a lot to learn about this business as well as respect in general. I have successfully used all 3 money management techniques - stop loss, recovery and locking. I do have a preference, but that does not make anyone who does not agree with me "unprofessional". Please learn to state your case without attacking people. Accord them the same dignity and respect that you desire from others.


Sincerely,


William
may you find what you seek and trade what you find
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