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Extreme TMA System

  • #9,081
  • Apr 16, 2012 1:58pm Apr 16, 2012 1:58pm
Mine update neither....(Pepperstone)

BR

PC

Quoting Alorente
I am doing in depth testing of an EA that will trade a basket of 8 currencies with the Extreme TMA system that is showing huge potential (500 to 1000 pips per day with 8 currencies). I am still a month away from having it ready, but I want to ask the techies a question. Below is an indi that should be placed on a H1 GbpJpy chart. After that is done, open an offline chart in the Navigator. Look for Basket...H1. Please let me lnow if your candles update.

For some reason, my candles do not update at all and they should. This problem is really slowing...
Less is more...
  • #9,082
  • Apr 16, 2012 1:58pm Apr 16, 2012 1:58pm
Quoting crodzilla
Al, it is updating on my IBFX real account.

Carl
Carl, is there anything you can think off that could be causing my frozen candles (No updating) problem? Does yours work as soon as you open the offline chart or do you have to do something to activate it?
Observation is the path to discovery.
  • #9,083
  • Apr 16, 2012 2:09pm Apr 16, 2012 2:09pm
Quoting Alorente
I am doing in depth testing of an EA that will trade a basket of 8 currencies with the Extreme TMA system that is showing huge potential (500 to 1000 pips per day with 8 currencies).
Is this ea using the ExtremeTMAline logic or is this something working off completely different system?
USD Est Non Mortuus
  • #9,084
  • Apr 16, 2012 2:12pm Apr 16, 2012 2:12pm
Quoting Alorente
Carl, is there anything you can think off that could be causing my frozen candles (No updating) problem? Does yours work as soon as you open the offline chart or do you have to do something to activate it?
Al,

Have you downloaded enough history data for GBPJPY? Mine is updating after download history data.
Follow me to the Promised Land
  • #9,085
  • Apr 16, 2012 2:18pm Apr 16, 2012 2:18pm
Quoting Alorente
Carl, is there anything you can think off that could be causing my frozen candles (No updating) problem? Does yours work as soon as you open the offline chart or do you have to do something to activate it?
Al, no I did nothing. It just loaded and started updating. You may not have enough data, as was mentioned. The indicator wants 1000 bars. Maybe if you lower it to 500, and then see if it works.

Carl
  • #9,086
  • Apr 16, 2012 2:24pm Apr 16, 2012 2:24pm
Quoting LuckyLurker
Is this ea using the ExtremeTMAline logic or is this something working off completely different system?
It will end up running the Extreme TMA logic. There is a way to go still, though.
Observation is the path to discovery.
  • #9,087
  • Apr 16, 2012 2:30pm Apr 16, 2012 2:30pm
Quoting Alorente
Hi William, is it an EA?
Hello Alfredo,

No, it is nothing sophisticated. In fact, it is embarrassingly simple.

Twice a day, at 10:00 am EST (after most USD news is out) and at 10:00 pm EST (after the Asian session has its legs), I look at 24 pairs that have less than a 3 pip spread.

If all 3 timeframes (M15, H1, H4) are positve/negative, I go long/short. I set the Luktom EA to a 30 pip SL and 100 pip TP. After that I walk away. If it is during the day, I go about trading. If it is at night I go to sleep. At the end of the session (or when I like the profit) I close the basket.

As I said, embarrassingly simple. That is why I have hesitated to post my results. It has only been a few weeks, so it is too early to draw conclusions and since it is not an EA I cannot make a back test.

Still, it is encouraging. And my point is that I can see real value in your basket approach.

Sincerely,

William
may you find what you seek and trade what you find
  • #9,088
  • Apr 16, 2012 2:31pm Apr 16, 2012 2:31pm
Quoting Alorente
It will end up running the Extreme TMA logic. There is a way to go still, though.
Nice. I too have been working on an EA using this logic for the past week or so. I have some ideas if you'd like to PM me with specifications.
USD Est Non Mortuus
  • #9,089
  • Apr 16, 2012 2:31pm Apr 16, 2012 2:31pm
Quoting crodzilla
Al, no I did nothing. It just loaded and started updating. You may not have enough data, as was mentioned. The indicator wants 1000 bars. Maybe if you lower it to 500, and then see if it works.

Carl
No. I just tried that and the same thing. I talked to FxPro and they told me they don´t have a limitation on offline charts so I don´t know what to do. I tried in my other account and it doesn´t work either (Pepperstone).
Observation is the path to discovery.
  • #9,090
  • Apr 16, 2012 2:39pm Apr 16, 2012 2:39pm
Quoting Alorente
No. I just tried that and the same thing. I talked to FxPro and they told me they don´t have a limitation on offline charts so I don´t know what to do. I tried in my other account and it doesn´t work either (Pepperstone).
Al,

Did you change the settings for chart under tools--> option before you download history??
Attached Image (click to enlarge)
Click to Enlarge Name: chart.GIF Size: 13 KB
Follow me to the Promised Land
  • #9,091
  • Apr 16, 2012 2:46pm Apr 16, 2012 2:46pm
Al,

For these 8 pairs
GBPUSD,EURJPY,AUDUSD,NZDJPY,EURUSD,GBPJPY,NZDUSD;AUDJPY

which pairs are in buy or sell group when you open your basket trades?
Follow me to the Promised Land
  • #9,092
  • Apr 16, 2012 2:46pm Apr 16, 2012 2:46pm
Do you think these entry rules would work for binary options? Has anyone tried it?
  • #9,093
  • Apr 16, 2012 2:47pm Apr 16, 2012 2:47pm
Quoting faxxion
...If all 3 timeframes (M15, H1, H4) are positve/negative, I go long/short....
Hi William,

sounds quite interesting. What do you mean by positive/negative? Do you apply the Extreme TMA rules (TMA slope)?
  • #9,094
  • Apr 16, 2012 2:49pm Apr 16, 2012 2:49pm
Quoting xlitang
Al,

Did you change the settings for chart under tools--> option before you download history??
i did this & it's updating on mine
A good trader follows his rules, but great trader knows when to break them
  • #9,095
  • Apr 16, 2012 3:01pm Apr 16, 2012 3:01pm
Quoting Olarion1975
Hi William,

sounds quite interesting. What do you mean by positive/negative? Do you apply the Extreme TMA rules (TMA slope)?
Hello Oliver,

No, this is not by the rules. Simply a positive or negative slope at the time. That's all.

The only discretion I use is if the pair is beyond the 3.0 ATR bands and looks like a setup in the opposite direction, I avoid the trade.

Pure momentum, nothing else.

William
may you find what you seek and trade what you find
  • #9,096
  • Apr 16, 2012 3:04pm Apr 16, 2012 3:04pm
Quoting faxxion
Hello Oliver,

No, this is not by the rules. Simply a positive or negative slope at the time. That's all.

The only discretion I use is if the pair is beyond the 3.0 ATR bands and looks like a setup in the opposite direction, I avoid the trade.

Pure momentum, nothing else.

William
interesting..

Can you share your template here?? Do you close your basket before you open new basket no matter what??
Follow me to the Promised Land
  • #9,097
  • Apr 16, 2012 3:09pm Apr 16, 2012 3:09pm
Quoting faxxion
Hello Oliver,

No, this is not by the rules. Simply a positive or negative slope at the time. That's all.

The only discretion I use is if the pair is beyond the 3.0 ATR bands and looks like a setup in the opposite direction, I avoid the trade.

Pure momentum, nothing else.

William
Hi William,
That looks like something even me would be able to make sense of...!
Once you have fine tuned it...I notice other members also might have some ideas..... you must plse post it for a testrun...thanks!
  • #9,098
  • Apr 16, 2012 3:17pm Apr 16, 2012 3:17pm
Quoting xlitang
Al,

Did you change the settings for chart under tools--> option before you download history??
What do I need to change? Below is how I have it set.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart Settings.jpg Size: 146 KB
Observation is the path to discovery.
  • #9,099
  • Apr 16, 2012 3:18pm Apr 16, 2012 3:18pm
Quoting Alorente
What do I need to change? Below is how I have it set.
change last two rows to 999999999.
Follow me to the Promised Land
  • #9,100
  • Apr 16, 2012 3:19pm Apr 16, 2012 3:19pm
Quoting xlitang
interesting..

Can you share your template here?? Do you close your basket before you open new basket no matter what??
Hello Xlitang,

All I use is the TMA Slope indicator that Alfredo introduced us to. If the M15, H1 and H4 are all positive, I enter long. If they are all negative I enter short. If they are mixed, or as I said setting up for an immediate reversal (per the TMA rules), I avoid the trade.

Usually, out of 24 pairs, I enter on 10 or 12. There have been as many as 18 and as few as 8 trades that qualify.

I trade .01 per thousand in my account. I use a 30 pip SL and a 100 pip TP. So an account of $10,000 with 10 trades open has a maximum exposure of $300 or 3% of the account value. I am not comfortable trading larger since this is an untested model.

The 100 pip TP has only been hit once. I always close the basket manually at the end of the session or when I like the profit.

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