Extreme TMA System

Now that I know people are watching, I cannot sleep.

So far the 6 pairs are up about 80 pips with the AUDJPY leading the way.

Maybe I should include a trailing stop.

Before this was just an experiment.

Now I am nervous.

Hehe. Well that is what you get for posting live trades

Seriously though, you shouldn't worry and you need your sleep to trade well.

You clearly explained its not a fully tested system, so anyone uses it at their own potential peril. Otherwise if you suffer some losses, well we're all here to help and I'm sure many will pipe in with analysis and ideas. No system always wins (although Al is apparently coming close when using recovery). But heck a great trading model only has to win 50-60% of the time, as long as it's wins are 2X bigger than the losses. (TS not a bad idea but so far seemed to work well w/o)

It's a good simple spin-off of Al's system, it could probably use another rule or two but so far it is proving itself in live trading so please keep posting (and someone please fully automate it)

Hello Jason,

Yes, it definitely needs refinement. It is up over 100 pips now. I am really considering a trailing stop of 20 pips or so. Steve Hopwood's MPTM has settings for basket trades but I have never played around with them except for closing the entire trade. Suggestions are welcome.

William

Hi Al, I sent you a pm.

The basketv6 indi is from the trader 101.

We are trying to create a basket EA for Extreme TMA.

Thank you, I now have it on my chart.

That is what I´m working on but I still cannot get the offline charts to update. Not even applying Period Converter script. Even the technical support people have not been able to help me. The interesting thing is that it´s happening with both FxPro and Pepperstone MT4 platforms and on two different computers...

Hi Al, congratulations on your thread. I saw you talk about you had 20+ winning trades in a row. I went back to my history file and found out that my record was 31 winning trades in a row. Thought I would give you something to shoot for. Good luck. I challenge you to beat me.

It is not updating with a clean chart. No templates applied.

It is also happening with my MT4 Pepperstone platform on another computer.

Even the period converter script applied to an offline chart is not updating.

EURUSD @ 1.3000 - WHERE LONG-TERM MONEY AND SHORT-TERM PUNDITS CLASH

The sharp correction for EURUSD up from 1.3000 to 1.3145 at the start of this week has left many pundits bewildered. They are struggling to understand the strength of the Euro, pointing to several factors of nonsense – while in reality it is due to one very simple fact, which short-term players will never understand.
The daily chart shows a clear line of support in the area 1.3025-1.2975 – tested on several occasions since late January. Every time visited, there has been a pretty sharp bounce from this level within a short time.
It is not a technical reason for this, which is why pundits have problem understanding what is going on and it is not to be seen in the trading habits of those they follow or from any statistics that is available (COT).
So what is it then?
It is for the same reason as seen for any major EURUSD turning level over the last 4 years – it is a level where long-term money has an interest.
Short-term traders – among which the crowd or retail traders now has become dominant, has an outlook no longer than to their nose tip – give and take 40 pips. Whenever they go short – and they do it like sheep – they cover their shorts whenever they are this number of pips “in the money” or through stops for a similar distance whenever they are “out of money”. Whatever they do – as a group - they cap the move.
Long-term money – which is few as a group but big in volume – is looking for distances. Whenever they buy or sell, the outlook is for 750+ pips. They don’t use stops and they have time to wait. They enter from a mixture of fundamental thinking, a level more than a fixed price, high confidence factor – and by bidding, not taking out offers whenever they are buyers – and offering, not hitting bids whenever they are sellers.
1.30 +/- 25 pips can be justified as an attractive entry level for a long-term long EURUSD position. I have advocated my bearish USD long-term view on several occasions and shall not repeat this here. But those views are shared by a few investors of magnitude.
In foreign exchange we talked a lot about “leads” and lags” some 20 years ago. Today – you hardly hear the expressions mentioned. Well – it is time to bring them back again – and the reason is that there are hundreds of billions of delayed purchases of EURUSD waiting for the right moment to make the entry. These are “lags” soon to turn “leads”. The amount is from sovereign wealth funds, central banks and substantial investors who do not see the attraction in USD, from the simple thinking that it is yielding 0% and it is too much of the currency floating around.
The reason their purchases of EURUSD is delayed is simply from the political uncertainty about the Euro-zone ability to protect the currency and its markets through a sufficient firewall instrument and a well supporting central bank. That proves now to be the case and with the fiscal cooperation now coming into place – the Euro-zone is getting its act together. This was a missing confidence factor for a long time. Now the confidence is coming together. And long-term money likes it.
So – on the occasions over the last 3 months when short-term players have sold themselves short at the lower level of 1.3000 – there has been long-term money bidding for these funds – not returning them to the short-term players and hence leaving the short-term players to cover their shorts in among themselves and themselves only.
Long-term money will not be offering their EURUSD for a long time to come – or more correctly as time is not critical for them – at a very different level from where we are. 1.4500-1.5250 is more the level they have in mind.
Short-term traders will never understand how long-term money thinks or acts. Short-term traders think the market is made only from players who think like they do. That is why they don’t understand what happened yesterday and those who comment on the market are equally bewildered. They only talk to short-term players and have no clue to what the REAL position takers are doing.
That is how the FX market is, that is why certain EURUSD levels become milestones and that is why a few in this market win while most traders lose.


From Tor

Here is what I have just received by technical support regarding my offline chart problem:

Ok, i have tested and can confirm the prices are updating correctly on our MT4 when using the M10 offline with a M5 as the primary chart.

Ensure you have the TOOLS > OPTIONS > EXPERT ADVISORS tab set to ENABLE or allow for all primary boxes.

I would then close ALL charts which you have open and just open 1 M5 chart. Enter your value to 2, check the Common tab is set to allow under live trading and safety > click ok.

File > open offline > select EURUSD M10 and and once opened allow a few moments for the 'do you permit call function.....user 32.dll' and click yes.

After clicking yes you will start receiving updated offline charting. if you do not receive this message then either you do not have permissions from your program files to allow such DLL files or this is being blocked by your systems security. https://mail.google.com/mail/images/cleardot.gif


I have done everything he says and still not updating in either computer and with two different MT4 platforms and brokers.

Any ideas?

It's easy to say something like that with the benefit of hindsight...

You didn't post this when the euro was trading at 1.3...

zz, I´m not running an EA. At this point I can´t even run the period converter script on an offline chart. No price update.

This article takes for granted that long term money likes the playing conditions for the euro currently. The writer doesn´t know that. I am very skeptical of what he says. The euro is in danger and "long term" money knows that as well as short term traders do.

You read all my posts since the beginning of the year... you have all of my posts on the FF....short and long term forecasts

You did it !! It was the check box in allow dll imports. Thanks a million. Why wouldn´t technical support know that?

i made another simple indicator change.

it is an mtf rsi (also for those who like to watch 1h rsi in smaller tf´s) with the standard line and also dotted points.
i think/hope it help´s to draw the trendlines more exatly on the rsi...

i wish i would have the coding skills to make it with automatic trendlines - i search the web for it but all i could find was for buying!

i hope i don´t spam the thread!

muchas gracias Al para todos - tu eres una muy buena persona !!!
sorry for my english (i espanol) soy de allemagna

Check this out http://www.forex-tools-cafe.com/

Most the time the only suggestions I get from support are "close MT4 and open it again"

Glad you got it sorted, that's the great thing about this thread, posters have their own different skills and knowledge that they can share.

very much!
...but it doesn´t draw the trendline´s itself. all i can see it is using ma´s...
or do i get something wrong?