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Extreme TMA System

  • #9,141
  • Apr 16, 2012 4:19pm Apr 16, 2012 4:19pm
Quoting xlitang
William,

you mention 3 pips in spread. There is not much of pairs that has less than 3 pips in spread unless you are commission based trading.
I have an Active Trader account with FXCM. It does offer slightly better spreads. But you are correct, I also pay a commission.
may you find what you seek and trade what you find
  • #9,142
  • Apr 16, 2012 4:21pm Apr 16, 2012 4:21pm
Quoting faxxion
Yes.
Misunderstood. You opened baskets twice, one at 10 AM est and another one at 10 PM EST. When you close the basket that opened at 10 AM EST in the morning??
Follow me to the Promised Land
  • #9,143
  • Apr 16, 2012 4:25pm Apr 16, 2012 4:25pm
Quoting pierpaolo960
Al, can we see on eur/usd and usd/chf two italian boot? So now price in first case the price rises and in second drops?
The boot has not formed yet. It needs more than 2 hours without a retracement. Weīll see...
Observation is the path to discovery.
  • #9,144
  • Apr 16, 2012 4:27pm Apr 16, 2012 4:27pm
Quoting xlitang
Misunderstood. You opened baskets twice, one at 10 AM est and another one at 10 PM EST. When you close the basket that opened at 10 AM EST in the morning??
I close it before the 5:00 pm EST rollover to avoid the interest charges. If I have an unusually large profit in the middle of the day, I will take that as well. That is your discretion.

But I emphasize, this is unproven. It has only been a few days. It could fall apart tomorrow. I was only saying that from my experience, Alfredo's basket approach has real potential.
may you find what you seek and trade what you find
  • #9,145
  • Apr 16, 2012 4:28pm Apr 16, 2012 4:28pm
Quoting faxxion
Hello Xlitang,

My point is that I see a lot of value in what Alfredo is working on. The 'basket' approach has real potential. I do not want to post trades that are not per the thread strategy.

William
William, you can post whatever you want. Maybe by letting other people see the logic behind the trades you can arrive at an even better solution. Sometimes other eyes can see things your eyes overlook.
Observation is the path to discovery.
  • #9,146
  • Apr 16, 2012 4:32pm Apr 16, 2012 4:32pm
Quoting faxxion
I close it before the 5:00 pm EST rollover to avoid the interest charges. If I have an unusually large profit in the middle of the day, I will take that as well. That is your discretion.

But I emphasize, this is unproven. It has only been a few days. It could fall apart tomorrow. I was only saying that from my experience, Alfredo's basket approach has real potential.
I was wondering how that experiment was going, you hadn't mentioned it recently. I am glad to hear it continues to produce promising results for you. I am glad that you decided to share it with the thread as well.

Continued success to you

Robert
  • #9,147
  • Apr 16, 2012 4:35pm Apr 16, 2012 4:35pm
Quoting Alorente
William, you can post whatever you want. Maybe by letting other people see the logic behind the trades you can arrive at an even better solution. Sometimes other eyes can see things your eyes overlook.
Thank you Alfredo.

I appreciate your kind offer.

I will post them tonight and we will see how it goes.

William

P.S. I use Steve Hopwood's MPTM to close the entire basket. You only need to have it loaded on one pair. I save it as a template and then open it only when I want to close the entire trade.
may you find what you seek and trade what you find
  • #9,148
  • Apr 16, 2012 4:46pm Apr 16, 2012 4:46pm
Quoting faxxion
Hello,

For those who are interested, this is the current Luktom Visual Order Editor. It is much more user friendly.

William
Is this post where you posted the EA in the thread, or have you not shared it?

Thanks William. I know its not proven or anything, but it's a start and can work in conjunction with other ideas for sure.
  • #9,149
  • Apr 16, 2012 4:48pm Apr 16, 2012 4:48pm
Quoting faxxion
Thank you Alfredo.

I appreciate your kind offer.

I will post them tonight and we will see how it goes.

William

P.S. I use Steve Hopwood's MPTM to close the entire basket. You only need to have it loaded on one pair. I save it as a template and then open it only when I want to close the entire trade.
You can also drag the script below into any chart to close everything.
Attached File(s)
File Type: mq4 AEMERGENCYClose All.mq4   7 KB | 647 downloads
Observation is the path to discovery.
  • #9,150
  • Apr 16, 2012 4:54pm Apr 16, 2012 4:54pm
Quoting jayjonbeach
Is this post where you posted the EA in the thread, or have you not shared it?

Thanks William. I know its not proven or anything, but it's a start and can work in conjunction with other ideas for sure.
Hello Jason,

My idea is not an EA, it is simply looking at the MTF Slope indi and joining the trend.

The EA I posted is the latest version of the Luktom Visual Order Editor. It allows you to click and drag your TP and SL with your computer mouse. As far as I can tell, it operates the same as earlier versions. The main difference I see is that the settings are much more simple. Thanks again to Oliver (Olarion1975).

William
may you find what you seek and trade what you find
  • #9,151
  • Apr 16, 2012 4:55pm Apr 16, 2012 4:55pm
Quoting Alorente
You can also drag the script below into any chart to close everything.
Thank you.
may you find what you seek and trade what you find
  • #9,152
  • Apr 16, 2012 5:02pm Apr 16, 2012 5:02pm
Quoting faxxion
Hello Jason,
My idea is not an EA, it is simply looking at the MTF Slope indi and joining the trend.

The EA I posted is the latest version of the Luktom Visual Order Editor. It allows you to click and drag your TP and SL with your computer mouse. As far as I can tell, it operates the same as earlier versions. The main difference I see is that the settings are much more simple. Thanks again to Oliver (Olarion1975).

William
TY for clarifying William. Sounds fairly autopilot but heck someone with some programming skills might as well fully automate it! (wish I could, so many good ideas could be added too)

I think many of us would love to reduce some of our 'screen time', so will be very interested in any EA's that come out of this thread...

Cheers
  • #9,153
  • Apr 16, 2012 5:08pm Apr 16, 2012 5:08pm
I'm short eur/usd at 1.3132 now
  • #9,154
  • Apr 16, 2012 5:20pm Apr 16, 2012 5:20pm
Quoting Alorente
William, you say you look at it twice a day and all 3 time frames have to line up with the slope direction. What do you do when one doesnīt line up? You donīt trade that day?

I agree with what you say. It is way too early to declare victory. The Slope indi is excellent in detecting building momentum, but we havenīt faced wacky, all over the place volatility yet. I donīt think that system will survive large spikes.
Alorente, do you mean the Extreme TMA method we have been using wont survive large spikes?
  • #9,155
  • Apr 16, 2012 6:19pm Apr 16, 2012 6:19pm
Quoting faxxion
Hello,

For those who are interested, this is the current Luktom Visual Order Editor. It is much more user friendly.

William

P.S. Thanks Oliver (Olarion1975)
thanks William for this. Does it go into experts/indicators ? I'm very new to Mt4 . I tried to put it there but nothing happens when I try to apply it to a chart and is not listed in the indi list.
  • #9,156
  • Apr 16, 2012 6:25pm Apr 16, 2012 6:25pm
Quoting abqkidd
thanks William for this. Does it go into experts/indicators ? I'm very new to Mt4 . I tried to put it there but nothing happens when I try to apply it to a chart and is not listed in the indi list.
It goes in your expert folder. It will not do anything on the chart until you make a trade. After you enter a trade, it will manage the trade according to your settings.
may you find what you seek and trade what you find
  • #9,157
  • Apr 16, 2012 6:30pm Apr 16, 2012 6:30pm
Someone posted recently asking if this was in any way similar to the work of Belkhayate.

As it happens I was reading about this guy and his sytem over the weekend and there are definitely similarities between COG and what Al has produced.
  • #9,158
  • Apr 16, 2012 6:36pm Apr 16, 2012 6:36pm
[quote=faxxion;5578872]It goes in your expert folder. It will not do anything on the chart until you make a trade. After you enter a trade, it will manage the trade according to your settings.[/quote

got it working thanks
  • #9,159
  • Apr 16, 2012 7:05pm Apr 16, 2012 7:05pm
William,

you mention 3 pips in spread. There is not much of pairs that has less than 3 pips in spread unless you are commission based trading.

With the OANDA broker there are 16 pair with spreads of less than 3 pips.
  • #9,160
  • Apr 16, 2012 7:28pm Apr 16, 2012 7:28pm
1.30 continues to be strongly defended, no matter how you cut it, but it's also still in a longer term downtrend as well. Not sure any 'true' demand is really left there, or if it was more the MM's wanted to reload, we should know soon as both this and USD Triangles continue to narrow.
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