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Extreme TMA System

  • #11,341
  • Jun 3, 2012 12:01pm Jun 3, 2012 12:01pm
u can find it inthis thread.
  • #11,342
  • Jun 3, 2012 6:21pm Jun 3, 2012 6:21pm
Quoting fedesch
Hi Beto,

First of all I want to thank you for this great tool that you have provided to all of us. It makes life much much easier and it gives you some piece of mind when you are away from the computer.

I have been testing the recovery EA with some different inputs to see how it behaves. As such, I have placed it on the chart once I opened a trade that I knew was going against me (I'm from IT background so I'm used to creating test conditions :nerd:blush: Anyway, I indicated to start recovery after 10 pips loss with 1124 configuration. I saw that...
Federico, you're not doing anything wrong with the EA. During testing phase, I also noticed that some recovery trades were closed
very close to BE, but no exactly.

When I started to wonder why, I realized that maybe high volatility + spread could have influenced for the trade not closing exactly at BE.

You see, the EA checks (calculates) if BE was reached on every coming tick, and it sends the close orders to your broker to close the recovery positions. By the time the order gets there, the market has moved a little bit before closing all positions.

I believe this is the "issue". I hope I made myself clear.

Good trading.
  • #11,343
  • Jun 3, 2012 7:19pm Jun 3, 2012 7:19pm
Just closed a couple of profitable trades (EU short & USCAD) long. I also took AUDUSD long but entered on too early. . It will probably hit my stop loss for a -30 pip. All trades were on the m15.

I took the trades in the direction of the H4 as instructed. The H4 slope was out the ranging range on the two succesful trades. It was ranging on the one I think will go against me.

Does success of the trades have anything to do with the slope on the H4?
For instance, If I want to go long on the M15 & have the choice of 2 pair. One has a H4 slope of .10 (ranging) and the other slope is .450. Is the .450 one usually the better choice?
  • #11,344
  • Jun 3, 2012 9:34pm Jun 3, 2012 9:34pm
Quoting beto21_cwb
Federico, you're not doing anything wrong with the EA. During testing phase, I also noticed that some recovery trades were closed
very close to BE, but no exactly.

When I started to wonder why, I realized that maybe high volatility + spread could have influenced for the trade not closing exactly at BE.

You see, the EA checks (calculates) if BE was reached on every coming tick, and it sends the close orders to your broker to close the recovery positions. By the time the order gets there, the market has moved a little bit before closing all positions.

I...
Hi Beto,

I'm sure you are busy with other commitments but I was just wondering if you had a chance to look into my suggestion of the Recovery EA being able to stop placing recovery trades if margin percent falls below a certain level I mentioned earlier (eg - 300%, 800, 1000 percent etc.) ?

In other words having that option to tell the EA in the inputs of the EA to not trade based on if margin falling below XXX level? Do you think that's possible?

Just wondering. Thanks.

Best regards.
  • #11,345
  • Jun 4, 2012 1:59am Jun 4, 2012 1:59am
Quoting DrDave
Try turning the toaster upside down and giving a shake if the toast didn't drop by gravity alone. Oh--but maybe that doesn't follow the system?

DrDave
Guys the purpose is to stay in the game while minimizing as much as possible our risk, not getting out of it @ all (unplug the toaster) not to mention turning the game upside down and let the Gravity do the work, you know guys we are not the ones that created this game so we don't have the power to alter it @ least i don't (i wish i do but then again....) we can only flow with or against it.

Best Regards in this Monday morning, our daily summary will follow.
Master Your Setup, Master Your self. (NQoos)
  • #11,346
  • Jun 4, 2012 2:05am Jun 4, 2012 2:05am
has anybody reviewed Barry's Straddle Trader Pro software fro trading news releases?seem very promising..
  • #11,347
  • Jun 4, 2012 2:09am Jun 4, 2012 2:09am
Hi There,
I do hope Beto has got some time eventually to look at this issues. That EA is amazing anyways!

I was thinking if anybody thought of putting an ALARM to the HA, when it turns blue/red?
MT4 developers, if you think is not too hard I can give it a go, but I need the HA.mt4 file... anybody|?
  • #11,348
  • Edited 3:55am Jun 4, 2012 3:13am | Edited 3:55am
Good Morning all this our daily summary,

Fundamentals :
-http://www.bloomberg.com/news/currencies/
-http://www.cnbc.com/id/15837548/cid/97220/sh/3
-http://online.wsj.com/public/page/news-currency-currencies-trading.html
-http://www.ft.com/intl/markets/currencies
-http://www.dailyfx.com/

Technicals :
See Attached.

Summary :
-We are still feeling the repercussions of the NFP Sharp disappointment just look @ the Nikkei and the hang sang free fall today.
-Emphasis on the yen strength this weekend so i ditched all my JPY shorts since they are almost all on, or near strong support and some of them are showing signs of reversal + all this talk on Yen strength make me very careful, as always we will wait, observe and search for confirmation.
-Franc and dollar sought as havens.

Thin Calendar Today.

Daily Trading Wisdom :
In the markets - time is not money - time is time and money is money.
Often money that is just sitting can later be moved into the right situation at the right time and make a vast fortune – patience – patience. (Jesse Livermore).

P.S.Keep a close eye on the JPY Pairs and the pics attached.

Best regards and have a nice profitable day.

(Disclaimer this is not by all means a trading advice, i know nothing about forex so dont't follow my lead........)
Attached Images
Attached File(s)
File Type: pdf TA_4-6-12.pdf   1.6 MB | 800 downloads
Master Your Setup, Master Your self. (NQoos)
  • #11,349
  • Jun 4, 2012 4:45am Jun 4, 2012 4:45am
Quoting harvman5
Aren,

What chart/template is that with the TMA centerline & MA crossover on it?
See post 10579 page 706. It is the only thing we really have on the lorente magic system.
  • #11,350
  • Jun 4, 2012 5:13am Jun 4, 2012 5:13am
Would USDCAD m15 long & AudUSD m15 short be potential good trades (after the candle changes colors) according to this system?
  • #11,351
  • Jun 4, 2012 6:12am Jun 4, 2012 6:12am
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
Observation is the path to discovery.
  • #11,352
  • Jun 4, 2012 6:29am Jun 4, 2012 6:29am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
Sad to hear that AL...I just got here. I hope all is well. In any event thanks for sharing your great method and all your knowledge. As this thread stands it is a wealth of wisdom.
  • #11,353
  • Jun 4, 2012 6:40am Jun 4, 2012 6:40am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
Al,

Thanks so much for all that you have taught here. I have learned a lot from you and wish you and your family the very best.

Sincerely,

Greg
  • #11,354
  • Jun 4, 2012 6:49am Jun 4, 2012 6:49am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
Very sad to hear that Al, hope you and family are well, and hope to still see you, as you said from time to time. Thank you so much for all your help, and the great system you have taught us.

Take care friend, and wish you all the best in whatever endevour you choose to persue. Once again a big thank you
  • #11,355
  • Jun 4, 2012 6:53am Jun 4, 2012 6:53am
Al,

Thanks so much for everything.
  • #11,356
  • Jun 4, 2012 7:03am Jun 4, 2012 7:03am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
Al, sorry to hear you go. I want to send my deepest appreciation for all your contributions to this community. Outstanding teachings.

Wishing you well.

Best regards.
  • #11,357
  • Jun 4, 2012 7:22am Jun 4, 2012 7:22am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
  • #11,358
  • Jun 4, 2012 7:25am Jun 4, 2012 7:25am
Teacher and adviser
Counselor and friend.
Imparter of knowledge
Which never has an end.
All these things you were to us
And were thankful to this day.
We have now try to succeeded
And you helped show us the way.
Thank you Master from all of our Hearts.

Hasta Luego.
Master Your Setup, Master Your self. (NQoos)
  • #11,359
  • Jun 4, 2012 7:55am Jun 4, 2012 7:55am
[quote=Alorente;5725787]Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello.


Nadie puede dar más que quien enseña al que no sabe. Gracias por sus consejos y enseñanzas, y que Dios le acompañe siempre.
  • #11,360
  • Jun 4, 2012 7:56am Jun 4, 2012 7:56am
Quoting Alorente
Hello friends,

Due to a change in my personal affairs, I will no longer be running this thread. I will check in from time to time to say hello. I thank you for the good times we´ve had in the past few months and I hope that together we have been able to improve our trading just a little bit. Good luck !
Very sad to here this as you have been of so much help. I would really appreciate it if you continued posting your opinion on major events(eg. euro back to 1.31 to close gap, UJ expected to 82..etc) given (i assume) you will not quit trading with this thread.

Tkx a lot,
Andre
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