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Extreme TMA System

  • #10,481
  • May 10, 2012 9:06am May 10, 2012 9:06am
Hello Alfredo,

I have been quietly following this thread for the last 3 weeks. I have started reading it from the very beginning and already the philosophy that you put behind your words is very captivating. Clearly you have a lot of experience and common sense, and above all you behave like a gentleman. For all of this and much more I admire you.

I'm glad to see that this thread has attracted a lot of smart and experienced traders that contribute towards a common goal. This is very inspirational. Myself, I'm an EOD CFD trader on stocks (I have been so for the last 5 years), moderately successful (I have had positive returns mainly in the last 2 years). I sue 2 mean reversion systems, so conceptually similar to this one. I'm completely new to forex but I do understand a lot of the concepts that yourself and the rest of the group are talking about. So I don't feel that lost.

I have started demo trading with extreme TMA system and I can tell you that the results are very promising so far. I will continue doing so until I'm confident enough that I know why I'm making a decision with regards to a trade.

As soon as I'm able to see the whole picture in a more clear way I will try and contribute with some of my own learning. Perhaps we could look at velocity of PA.

Muchas gracias por todo y espero que sigamos en contacto. Si venis a Australia de visita estan las puertas de mi casa abierta.

Saludos
Fede
  • #10,482
  • May 10, 2012 9:22am May 10, 2012 9:22am
Quoting Adamantina
http://www.forexfactory.com/images/icons/icon10.gif
Wow! Compliments!!
Use the recovery system or you have a SL?
Thank you!

I use recovery method, only emergency SL at -150 pips.
  • #10,483
  • May 10, 2012 9:35am May 10, 2012 9:35am
Quoting Olarion1975
Thank you!

I use recovery method, only emergency SL at -150 pips.
By the way, is anyone using The Recovery System EA ?

I have not received many feedbacks about it... Anyway, I really hope no one needs to use it, but just in case... =)
  • #10,484
  • May 10, 2012 9:47am May 10, 2012 9:47am
Quoting beto21_cwb
By the way, is anyone using The Recovery System EA ?

I have not received many feedbacks about it... Anyway, I really hope no one needs to use it, but just in case... =)
I've not used it yet because I do not enter strictly at -100 pips, but it looks like a great tool. Well done, beto!

Personally, I like to enter recovery trades manually - simply because I want to see price at least stalling (better turning) before entering. This might also be at -130 pips or -70 pips.
  • #10,485
  • May 10, 2012 10:01am May 10, 2012 10:01am
Quoting Olarion1975
I've not used it yet because I do not enter strictly at -100 pips, but it looks like a great tool. Well done, beto!

Personally, I like to enter recovery trades manually - simply because I want to see price at least stalling (better turning) before entering. This might also be at -130 pips or -70 pips.

Actually the recovery entry level can be set to any amount of pips (not strictly 100 pips) in the EA, but I know what you mean. Gotcha ! =)
  • #10,486
  • May 10, 2012 10:04am May 10, 2012 10:04am
Quoting Olarion1975
Thank you!

I use recovery method, only emergency SL at -150 pips.

Ok. Is very interesting to me. If you have emergency SL at -150 you don't use the original 1-1-2-4?
I had a problem (in demo) with the recovery, too many time open trades. http://www.forexfactory.com/images/icons/icon9.gif

Sorry for my poor english...

Ada.
  • #10,487
  • May 10, 2012 10:19am May 10, 2012 10:19am
Quoting beto21_cwb
Actually the recovery entry level can be set to any amount of pips (not strictly 100 pips) in the EA, but I know what you mean. Gotcha ! =)
Yes, you are right and understood me well. The recovery level is of course adjustable, I know.

The nice thing about the EA is, that you do not need to set the TP levels manually for getting out at BE.

BTW, will the EA also close at BE if I would have entered the trades manually before or does the EA only handle trades that were entered by itself?

PS:
Just scalped another +10 pips...I call it a day. Today's result: +249 pips.
  • #10,488
  • May 10, 2012 10:22am May 10, 2012 10:22am
Quoting Adamantina
Ok. Is very interesting to me. If you have emergency SL at -150 you don't use the original 1-1-2-4?
I had a problem (in demo) with the recovery, too many time open trades. http://www.forexfactory.com/images/icons/icon9.gif

Sorry for my poor english...

Ada.
The SL of -150 pips is ONLY for emergency cases and will never be hit under normal circumstances. I try to enter my recovery trades at a level around -100 pips if I see price stalling or turning.

However, I use the 1.1.2.4, sometimes 1.1.3.3.

PS:
No worries, your English is fine.
  • #10,489
  • May 10, 2012 10:33am May 10, 2012 10:33am
Quoting Olarion1975
PS:
Just scalped another +10 pips...I call it a day. Today's result: +249 pips.
Nice work. You did this while at the office? Even better, hehe.

Curious like others exactly, which charts, time of day, etc etc you are using

Cheers
  • #10,490
  • May 10, 2012 10:39am May 10, 2012 10:39am
Quoting Olarion1975
The SL of -150 pips is ONLY for emergency cases and will never be hit under normal circumstances. I try to enter my recovery trades at a level around -100 pips if I see price stalling or turning.

However, I use the 1.1.2.4, sometimes 1.1.3.3.

PS:
No worries, your English is fine.

Thank you very much!
I must learning to use better the recovery. http://www.forexfactory.com/images/icons/icon12.gif
Ada.
  • #10,491
  • May 10, 2012 10:44am May 10, 2012 10:44am
Quoting jayjonbeach
I'd like to know how you got the slope to show behind the Trix, I like that set up a lot since realestate on MT4 is a hot commodity.

TIA
Quoting handy148
just drag it in there
Maybe I am MT4 challenged, but I tried this and it didn't work?
  • #10,492
  • May 10, 2012 10:55am May 10, 2012 10:55am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
You must open the navigator window and grab the RSI and drop it on the other opened window, if you try to drag the RSI from the menu insert-indicator it will not work.
Of all the things I've lost I miss my mind the most .
  • #10,493
  • May 10, 2012 10:59am May 10, 2012 10:59am
add trendline to understand better than before.
Attached Image (click to enlarge)
Click to Enlarge Name: 55.jpg Size: 160 KB
  • #10,494
  • May 10, 2012 11:04am May 10, 2012 11:04am
Quoting Mr C
You must open the navigator window and grab the RSI and drop it on the other opened window, if you try to drag the RSI from the menu insert-indicator it will not work.
Thank you will try that!

====

Hi Al and all. Here are my updated charts on SPX and USD. They speak for themselves really. Until something resolves I am flat for now. SPX having another test of the NL today.

Saludos
Attached Image(s) (click to enlarge)
Click to Enlarge Name: spx.GIF Size: 76 KB
Click to Enlarge Name: USD.GIF Size: 43 KB
  • #10,495
  • May 10, 2012 11:06am May 10, 2012 11:06am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
I noticed the indicators act different on back test so I have been recording my desk top when I trade and when I am away then on my return I fast forward true it to see how my indicators act in real time, this also revealed to me that I don’t always follow my own rules when watching myself trade and this helps me to be more focused and follow my own rules.
I am using the free software listed below. http://www.nbxsoft.com/screen-recorder.php
You can choose the output AVI file's video codec, framerate, audio codec, frequency; You can choose the cursor's display, to be actual cursor or custom one as you like, and you can add highlight to it. Record any part of the screen or even the entire desktop, with just a few clicks, or custom hotkeys.

Free Screen Recorder is an ideal tool to make software demonstrations, develop videos for training and tutoring. Have fun with it!

[ Download Free Screen Recorder ]

Key Features

Records anything you see on your screen.
Records sound from your microphone.
Supports hotkey to start, pause, stop recording.
Capture any part of the screen, even the entire desktop.
Choose output video codec, framerate, audio codec, frequency.
Mouse cursor recording can be turned on or off, true shape of the cursor is recorded.
Show flashing rectangle when screen recording.
Easy to use and user-friendly interface.
Of all the things I've lost I miss my mind the most .
  • #10,496
  • May 10, 2012 11:57am May 10, 2012 11:57am
Quoting Mr C
I noticed the indicators act different on back test so I have been recording my desk top when I trade and when I am away then on my return I fast forward true it to see how my indicators act in real time, this also revealed to me that I don’t always follow my own rules when watching myself trade and this helps me to be more focused and follow my own rules.
I am using the free software listed below. http://www.nbxsoft.com/screen-recorder.php
[font=Calibri]You...
Thank you Mr C for posting such a free useful tool.

arasheed
  • #10,497
  • May 10, 2012 12:00pm May 10, 2012 12:00pm
Quoting Olarion1975
Sure, I will. But later today as I am busy with my office job.

Most of the pips I gained were from positions I opened yesterday in EurAud after it was way beyond the M15 and H1 band. I added on a few times and left it open over night. When I woke, TP was hit on 2 of the 6 positions with a nice profit of +80 pips...

After it, I manually closed the remaining 4 positions with a profit of another +143 pips. 30 min ago I closed my UsdCad short position with +16 pips I opened when price went beyond the M15 and H4 band.

PS: I am almost up...
Hi Olarion,

useless to say that I am very impressed from your results! congratualtions!

A few spot questions if you don't mind:

- normally, when you add some more positions, is because the price went against the original entry or you add positions once the price has started to move in your favour?

- do you respect the rules buy or sell only ? if yes, on which timeframe do you look for the 0.5 slope (15m, 1h and 4hr)?

- what TP do you normally use?

- do you consider fundamentals or just trade the system?

thanks a lot for any other suggestion that could help to get profitable!

Puma
  • #10,498
  • May 10, 2012 12:11pm May 10, 2012 12:11pm
Quoting Olarion1975
The SL of -150 pips is ONLY for emergency cases and will never be hit under normal circumstances. I try to enter my recovery trades at a level around -100 pips if I see price stalling or turning.

However, I use the 1.1.2.4, sometimes 1.1.3.3.

PS:
No worries, your English is fine.
Olarion1975, you are a very good trader, you share your knowledge, you help people, without you this thread wouldn't be the same.

You have my vouch!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,499
  • May 10, 2012 1:00pm May 10, 2012 1:00pm
Hi guys.
What do you think about post some videos with live trades samples using TMA System ?
I think there is some guys here that are a little bit confused about how this system works and some samples should help.
There is no place for wimps
  • #10,500
  • May 10, 2012 1:08pm May 10, 2012 1:08pm
Quoting BraunTrade
Hi guys.
What do you think about post some videos with live trades samples using TMA System ?
I think there is some guys here that are a little bit confused about how this system works and some samples should help.
That is a fantastic idea. I've got a pretty good grasp on it now I think (haven't quite finished reading everything), and I would still love to see some vids.
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