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Extreme TMA System

  • #9,461
  • Apr 19, 2012 3:31pm Apr 19, 2012 3:31pm
Quoting Alorente
If any of you guys have suggestions for exit for an EA, please, help me. It is the only thing holding the EA up at this point.
Hey Al just got back in town today. I'll get to the mail tonight.

The best exit for the EA after testing would be steps. EA closes partial (amount set by user) at each of these areas in steps for a short order: CL(center line) M15 , Lower band 15, CL H1, Lower band H1 , Etc. EA sets orders at BE after first target in steps.
USD Est Non Mortuus
  • #9,462
  • Apr 19, 2012 4:48pm Apr 19, 2012 4:48pm
hello,

Just a quick question.....I've been reading that this system is great for ranging markets but I just had a quick regarding trending markets and the use of the TMA slope.

For intra day trades I like to look at the 15min tf and have recently started to look at the TMAslope in conjunction with my charts. Now I sometimes notice that when the slope is beyond the -.50 and +.50 you can get decent trending trades in those directions. Am I applying the tmaslope indi correctly or am I totally missing something here?

Again I don't use the actual system I was just using the slope indi

Thanks
  • #9,463
  • Apr 19, 2012 4:50pm Apr 19, 2012 4:50pm
Quoting slowpokeyjoe
Okay - here's a revised edition from my earlier attempts. I've included page numbers, clean up the alignment, linked each chapter title back to the Table of Contents, and have included the original post as seen on FF.

I captured the posts a little differently which has a disadvantage, the words can be a little small at times. However a nice advantage is this format does capture the post number which would be very useful for those users that have tweaked the default page views in forex factory....
Gina,

You have my vote!

Take a look at the Table of Contents. There appears to be an error near the bottom of it. The second line of an entry is not lined up under the first line. The titles on the pages are lined up.

Regarding the text size. The documents are PDFs. They are read with Adobe Reader, which has zoom capabilities. No problem.

Regards,
-Frank
  • #9,464
  • Edited 5:37pm Apr 19, 2012 4:51pm | Edited 5:37pm
Quoting faxxion
Hello Friend,

Alfredo, if you knew me better, you would know that I am not a tense person. I am laid back and calm. You have to be to make good dicisions at difficult times in this business.

You also have to be logical. While I respect your knowledge greatly, your claims of returns are not logical for someone who has not been trading.

I am going to sign off of this thread for a while. I will be watching and perhaps rejoin the discussion in the future.

I respect everyone here, and I appreciate the value that you have each added to by...
William,

I have no idea what is happening with you, but it is clear you are sore at me for some reason. Anyway, I canīt let you put into question my credibility without responding since that would heavily undermine what we are trying to do in this thread. Just last week I connected one of my accounts to MyFxBook because I could feel this coming. As you can see below, I traded very little these past 6 sessions as I mentioned before. Normally I will place 15 to 20 trades a day, In 5 sessions (I didnīt trade yesterday), I only placed 21 trades. As you can also see, they were all shorts and I had 21 winners in a row and no losing trades. The account was opened with a E 10,000 deposit and after 5 sessions trading I had a gain of 27.74%. Normally it would be considerably higher than that, but as I already stated, I have been heavily testing new time frames, etc for the Extreme TMA system.

I do not like showing publicly what I do. I am a humble person and dislike anything that resembles boasting, but you have forced my hand. I would appreciate that if you have any further derogatory comments towards me that you please use a private way of expressing it.
Attached Image (click to enlarge)
Click to Enlarge Name: Alīs Trades.jpg Size: 379 KB
Observation is the path to discovery.
  • #9,465
  • Apr 19, 2012 4:56pm Apr 19, 2012 4:56pm
Quoting mannai70
hello,

Just a quick question.....I've been reading that this system is great for ranging markets but I just had a quick regarding trending markets and the use of the TMA slope.

For intra day trades I like to look at the 15min tf and have recently started to look at the TMAslope in conjunction with my charts. Now I sometimes notice that when the slope is beyond the -.50 and +.50 you can get decent trending trades in those directions. Am I applying the tmaslope indi correctly or am I totally missing something here?

Again I don't use the actual...
The Extreme TMA system works great on Ranging markets and it also does very well on trending ones.

If you read post 1, you will see that we have a Trend Rule which I reproduce below:


Trend Exit Rule (Recommended when TMA Slope is Buy Only or Sell Only at the planned moment of exit): If upon reaching your Exit Target, the TMA Slope indicator has changed to Buy Only if you are long or Sell Only if you are short, it is recommended that you remain in the trade until the Slope indicator signals Ranging again at the close of a bar, at which point you must close the trade or trail a stop, 1 pip below the last closed Heiken Ashi candle if in a long position or 1 pip above the last closed Heiken Ashi candle if in a short position, until you are stopped out.

Concept behind the Trend Rule: All trends start in a Ranging market. When a Trend begins, it can go a long way. It is intelligent to ride it until it becomes a ranging market again.
Observation is the path to discovery.
  • #9,466
  • Apr 19, 2012 5:04pm Apr 19, 2012 5:04pm
Quoting slowpokeyjoe
[font=Calibri][size=3]Okay - here's a revised edition from my earlier attempts. I've included page numbers, clean up the alignment, linked each chapter title back to the Table of Contents, and have included the original post as seen on FF.

I captured the posts a little differently which has a disadvantage, the words can be a little small at times. However a nice advantage is this format does capture the post number which would be very useful for those users that have tweaked the default page views in forex factory.

Hope you guys like it. If this...
Thank you for your help, Gina. Excellent work !!
Observation is the path to discovery.
  • #9,467
  • Apr 19, 2012 5:06pm Apr 19, 2012 5:06pm
Quoting Alorente
William,

I have no idea what is happening with you, but it is clear you are sore at me for some reason. Anyway, I canīt let you put into question my credibility without responding since that would heavily undermine what we are trying to do in this thread. Just last week I connected one of my accounts to MyFxBook because I could feel this coming. As you can see below, I traded very little these past 6 sessions as I mentioned before. Normally I will place 15 to 20 trades a day, In 5 sessions (I didnīt trade yesterday), I only placed 21 trades....
I do not consider it boasting. I also did not take your original statement out of context. I knew when I read it that you had simply reduced the amount of trades because you were working on this thread FOR ALL OUR BENEFIT. Thank you - a thousand times - Thank you.
Tom
  • #9,468
  • Apr 19, 2012 5:19pm Apr 19, 2012 5:19pm
Quoting Alorente
Just last week I connected one of my accounts to MyFxBook
Al, it's probably none of my business, but your picture shows your actual email address. If I were you I would cover this address with something - there are a lot of strange people on the Internet, and you never know what they can do.

P.S. Al, I'm very impressed with your results, but I'm not surprised, not at all!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,469
  • Apr 19, 2012 5:27pm Apr 19, 2012 5:27pm
Quoting Favorite
there are a lot of strange people on the Internet, and you never know what they can do.
When I say "strange people" - I don't mean this thread's participants!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,470
  • Apr 19, 2012 5:37pm Apr 19, 2012 5:37pm
Quoting Alorente
William,

I have no idea what is happening with you, but it is clear you are sore at me for some reason. Anyway, I canīt let you put into question my credibility without responding since that would heavily undermine what we are trying to do in this thread. Just last week I connected one of my accounts to MyFxBook because I could feel this coming. As you can see below, I traded very little these past 6 sessions as I mentioned before. Normally I will place 15 to 20 trades a day, In 5 sessions (I didnīt trade yesterday), I only placed 21 trades. As...

Alfredo,

I am not sore with you nor do I think I have said anything deragatory.

The screen shot you posted, though, does make my point.

In one day, April 17th, you had a 20% drawdown. Most of us cannot trade like that. If even one of those trades went into Recovery, it would blow the account.

That is my only message. Nothing personal.

Your Friend,

William
may you find what you seek and trade what you find
  • #9,471
  • Apr 19, 2012 5:38pm Apr 19, 2012 5:38pm
Quoting Favorite
Al, it's probably none of my business, but your picture shows your actual email address. If I were you I would cover this address with something - there are a lot of strange people on the Internet, and you never know what they can do.

P.S. Al, I'm very impressed with your results, but I'm not surprised, not at all!
Thanks Mike. I removed my email address.
Observation is the path to discovery.
  • #9,472
  • Apr 19, 2012 5:41pm Apr 19, 2012 5:41pm
Quoting musashikilla
Hi Frank, hi Guys,

Funny thing happened When I finally managed to install the system (thanks to Frank) on 14.04 I started to use it the following way.
I opened demo account (100%)
I initiated templates "large atr" on EURUSD and EURGBP 1H each.
I initiated 5x5 EA sell or buy, depending on info "Ranging""Sell only"Buy Only". In fact I was applying EA SEll when the price was on the top of the orange ribbon and EA buy when the price was on the bottom....

Mike
Mike,

Not every trade is going to be winner!

If I remember correctly, you had a problem with Sell Trades not be taken with the previous EA. That is why I got you the updated EAs that were suppose to work for all TFs. I'll check the two different versions to see what else might of changed.

I assume that you are making no changes to CaveManager other than setting the GMTOffset each time you add that EA to your chart? Is that correct? By the way, there is a way to set the parameters of an EA so that they can be replicated every time that they are added to the chart. I need to review the documentation for the CaveManager again.

I'll send a template shortly that you can add to your chart that will allow you to test your EAs.

Let me know what changes you have made to CaveManager and THV4 TzPivotsD (Black).

Thanks,
-Frank
  • #9,473
  • Apr 19, 2012 5:51pm Apr 19, 2012 5:51pm
Quoting fmuir
Gina,

You have my vote!

Take a look at the Table of Contents. There appears to be an error near the bottom of it. The second line of an entry is not lined up under the first line. The titles on the pages are lined up.

Regarding the text size. The documents are PDFs. They are read with Adobe Reader, which has zoom capabilities. No problem.

Regards,
-Frank
Ya I know and I cannot seem to do a simple drag and pull the line over. I'm not good with Word at all and especially the Table of Contents feature. I also somehow have a different alignment between chapters 9 & 10 but cannot seem to fix that either.

Once I'm not pissed off at Word anymore I will revisit and try and fix it...

Thanks for the feedback guys.

Gina
  • #9,474
  • Edited 6:10pm Apr 19, 2012 5:58pm | Edited 6:10pm
Quoting faxxion
Alfredo,

I am not sore with you nor do I think I have said anything deragatory.

The screen shot you posted, though, does make my point.

In one day, April 17th, you had a 20% drawdown. Most of us cannot trade like that. If even one of those trades went into Recovery, it would blow the account.

That is my only message. Nothing personal.

Your Friend,

William
The screen shot you posted, though, does make my point.

You donīt give up do you?

First let me tell you that questioning the credibility of someone publicly in his own thread is not only derogatory but also of bad taste. Especially when you have ample private methods to do so if you so choose.

Second, you say "Most of us cannot trade like that" when you should say "I cannot trade like that". You imply that I am the oddball here. That you belong to the immense group of rational traders who would never, ever think of trading without a stop loss. You need to read among others, the story of Bill Lipschutz, contained in the book The New Market Wizards. Bill is probably the number one currency trader that has ever lived. Head of Solomon Brothers currency department for 9 years and then of his own company. He has never used a stop loss in his life and his drawdowns commonly reach 30%. He deals in Billions of Dollars by the way...

The point is that just because you do things a specific way, that does not illegitimize traders who do things differently. I would consider that bordering on arrogance.

Look, letīs leave it at that. I am not interested in having a battle here on who is a better trader and why. I donīt have time to waste.
Observation is the path to discovery.
  • #9,475
  • Apr 19, 2012 6:07pm Apr 19, 2012 6:07pm
Quoting musashikilla
Hi Frank, hi Guys,

Funny thing happened When I finally managed to install the system (thanks to Frank) on 14.04 I started to use it the following way.
I opened demo account (100%)
I initiated templates "large atr" on EURUSD and EURGBP 1H each.
I initiated 5x5 EA sell or buy, depending on info "Ranging""Sell only"Buy Only". In fact I was applying EA SEll when the price was on the top of the orange ribbon and EA buy when the price was on the bottom....

Mike
Mike,

Here is the template. I'll send a PM with instructions

-Frank
Attached File(s)
File Type: tpl musashililla.tpl   2 KB | 435 downloads
  • #9,476
  • Apr 19, 2012 6:46pm Apr 19, 2012 6:46pm
Quoting fmuir
Mike,

Here is the template. I'll send a PM with instructions

-Frank
Second, you say "Most of us cannot trade like that" when you should say "I cannot trade like that". You imply that I am the oddball here. That you belong to the immense group of rational traders who would never, ever think of trading without a stop loss. You need to read among others, the story of Bill Lipschutz, contained in the book The New Market Wizards. Bill is probably the number one currency trader that has ever lived. Head of Solomon Brothers currency department for 9 years and then of his own company. He has never used a stop loss in his life and his drawdowns commonly reach 30%. He deals in Billions of Dollars by the way...
...I agree, but there are few ... their way of life can not limit itself to SL ... not everybody can survive with such a mindset in the forex market
  • #9,477
  • Apr 19, 2012 6:56pm Apr 19, 2012 6:56pm
Quoting slowpokeyjoe
Ya I know and I cannot seem to do a simple drag and pull the line over. I'm not good with Word at all and especially the Table of Contents feature. I also somehow have a different alignment between chapters 9 & 10 but cannot seem to fix that either.

Once I'm not pissed off at Word anymore I will revisit and try and fix it...

Thanks for the feedback guys.

Gina
Gina,

You've done a fabulous job. I'm sure everybody else would agree. Don't let those two tiny tiny little issues get you upset!! I know it's easier said than done!

Regards,
-Frank
  • #9,478
  • Apr 19, 2012 7:07pm Apr 19, 2012 7:07pm
Quoting Alorente
.. I donīt have time to waste...
Bravo!... Alfredo... Take it or leave it...
To excel by continuous learning
  • #9,479
  • Apr 19, 2012 7:19pm Apr 19, 2012 7:19pm
Quoting Alorente
The screen shot you posted, though, does make my point.

You donīt give up do you?

First let me tell you that questioning the credibility of someone publicly in his own thread is not only derogatory but also of bad taste. Especially when you have ample private methods to do so if you so choose.

Second, you say "Most of us cannot trade like that" when you should say "I cannot trade like that". You imply that I am the oddball here. That you belong to the immense group of rational traders who would never, ever think of trading without...
Al i have found in my life people that try and push their friendship and constantly call you friend tend to be the ones that will stab you in the back .evo
  • #9,480
  • Apr 19, 2012 8:06pm Apr 19, 2012 8:06pm
Quoting saussiche
Would you share your template?
please see post 9439
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