Which is your favorite Trading System?

Quoting AcidfluxX

Disliked

The number of "+" is the number of distinct mentions so far.
If a system gets 10 "+" , then i ll start manual backtesting it (hope the system is not too much discretion) and update u guys with the results.
Meanwhile more votes please.

Ignored

Quoting Alorente

Disliked

Hello everyone. My name is Alfredo. You can call me Al.

At the request of many of you, I am starting today what I hope will become a thriving laboratory of ideas that will make each of us, each day, a little better trader than we were. Firstly, I must say that I have never done something like this and I will rely on the help and contribution of you to make it a success.

The history of a trader, like my own, is a tough road full of failure, despair and loneliness, as well as fulfillment, excitement and triumph. It is a hard road full of obstacles and temptations to lead you astray from the path and in the end, only a determined few will succeed in conquering the many mines and potholes in the way and acquiring the discipline and knowledge necessary to succeed.

My own history is a good example of what most of us go through. Luckily, because I had a successful company, I was able to draw funds to pay my "tuition" in the University of Trading. Over the first few years I suffered very heavy losses. Read many books, talked to everyone that I met that knew something about the field. Over and over again, I stumbled over the same obstacles. I couldn´t figure out why if I had been successful in other areas of my life, I was having such hard time with this. I quit several times, only to give it "one more try" and continue on my quest. As I look back on these years now, I truly believe they were necessary to forge the discipline and determination necessary to succeed. Yes, there are traders that have never experienced the "Valley of Despair", but they are few and far between. For the rest of us the way is hard but full of promise and a daily constant battle to control ones ego and remember the lessons learned. After 30 years, I can say I have learned a bit, but there is more to learn every day. The finish line is never reached and that is the wonder and thrill of this profession.

Up front I ask for your help and contribution. Let us be constructive and share our knowledge. If we do, this will have been worth while.

The System: Extreme TMA.

The market, like a pendulum, is a never ending sequence of extremes. It forever tries to reach the mean but never succeeds, constantly overshooting it´s mark, reversing and trying it again but always failing to reach balance. This system attempts to capture those extremes. It is a compendium of my understanding of the market, brought to it´s simplest expression.

The principles are not complicated. The first indicator, the TMA shows us the average of the path that the price action in the market is following. As such, it is a backward looking indicator and attempts to determine the future from the recent history. It corrects itself by repainting itself. It has two outer bands that show us the outer boundaries of price movement that we are searching for. Our second indicator, the TMA Slope indicator will show us the relative change in the slope of TMA as compared to previous candles. It determines in which direction a trade must be placed and also shows divergences to price. For example, if price is rising but the slope indicator is dropping, it is announcing a high probability of a drop in price in the near future. The steeper the drop in the indicator the higher the probability of a drop in price. The same concept applies in reverse in the case of a dropping price and a rising slope indicator. A third use of the slope indicator is for divergence detection. If you see 2 or 3 green mounds, each smaller than the one before it, there is a strong likelihood that price is about to drop. 2 or 3 Red mounds, each smaller than the one before it, indicates a high probability of a price rise. On the right side of the Slope indicator you will see the value (white) of the current chart time frame. Above it (Grey), the values of 3 user selectable time frame and below the trade status (Ranging, Buy Only or Sell Only) of the current chart TF. The third and final indicator is Trix (THV4 System) which we will use solely as a visual guide as to the direction and strength of price action. We will be talking more of THV and especially of the great importance that the Coral (Multicolor line) and the 200 SMA (Dark Blue) on trading and in relation to each other.

MTF TMA: Included in the templates are 5 TMA indicators. The M15 TMA (dashed dotted lines), the H1 TMA (dotted orange lines), the H4 TMA (dashed magenta lines), the D1 TMA (dashed blue lines) and the W1 TMA (dashed green lines). All 5 will be visible on a M15 chart. The M15 TMA will be used as a short term scalping tool (trades of 2 to 4 hours and potential gain of 30 to 50 pips), H1 (trades of 8 to 36 hours and potential gain of 80 to 130 pips) and H4 (trades of 1 to 5 days and potential gain of 170 to 250 pips). If you set the chart to H1, you will only see the H1, H4, D1 and W1 TMAs. If you set the chart to H4, you will only see the H4 the D1 and the W1 TMAs. If you are not a scalper, a good alternative option is to eliminate the M15 TMA and use the other 4 (H1, H4, D1, W1). Having several TMAs on one chart is extremely helpful for determining longer time frame trends and combined, they have high predictive value of future market moves.

Stop Loss Use: There are various options in this department and I won´t recommend any particular one. A natural level to place your SL would be above a previous high for a short and below a previous low for a long. I myself use only an emergency SL very far away from the PA (100 Pips). If a trade goes against me, I will use Recovery Trades to exit the trade at breakeven. I have included detailed instructions describing the Recovery system in the Documents folder contained in the Packet.zip file. The extreme TMA system works much better when you leave price plenty of room to move.

Entry Rules:

1- We will first determine trend in 3 TMAs by using the TMA Slope indicator values.

Ranging TMA (-0.40 to 0.40): Trades can be placed in both directions.
Buy Only TMA (Above 0.40): Place ONLY Long trades.
Sell Only TMA (Below -0.40): Place ONLY Short trades.

M15, H1 and H4 slope values must be either Ranging or in the direction of your trade (Sell Only for shorts and Buy Only for longs). The D1 and W1 TMA slope values do not need to be checked.

2- Once trade direction is determined, we will look at the D1 and W1 TMA and determine that there is enough room for the trade to move in your direction before reaching the outer band of both. Example: If you decide to go short, there must be enough room between the current price and the lower D1 band (At least 150 pips) and the lower W1 band (At least 250 pips).

3- We will now wait for price to climb above the top band of all three TMAs (M15, H1 and H4) at the same time, before placing a short trade or below the bottom band of all three TMAs (M15, H1 and H4) at the same time, before placing a long trade.

4- The Trigger: Once Rule 3 is complied with, the trade will be entered once price turns around and touches the next Upper TMA band for Shorts or the next Lower TMA band for Longs (It can be any of the 3 TMA time frame bands, M15, H1 or H4. Refer to Rule one again before entering trade to make sure that the 3 TMA slope values are still Ranging or in the direction of your trade. If they are not, wait until they return to the correct slope values for your trade.


Exit Rules for each type of trade:

Scalping Trade: Close the trade when price reaches the opposite M15 TMA band. Reenter trade when price retraces to the centerline of the M15 TMA. Make sure all slope values continue to be either ranging or in the direction of your trade before reentering. You can do this several times during a strong trending move.

Short Term Trade: Close the trade when price reaches the opposite H1 TMA band. Reenter trade when price retraces to the centerline of the H1 TMA. Make sure all slope values continue to be either ranging or in the direction of your trade before reentering. You can do this several times during a strong trending move.

Medium Term Trade: Close the trade when price reaches the opposite H4 TMA band. Reenter trade when price retraces to the centerline of the H4 TMA. Make sure all slope values continue to be either ranging or in the direction of your trade before reentering. You can do this several times during a strong trending move.

Position Trade: Close the trade when price reaches the opposite D1 TMA band. Reenter trade when price retraces to the centerline of the D1 TMA. Make sure all slope values continue to be either ranging or in the direction of your trade before reentering. You can do this several times during a strong trending move.



Attachments: I am enclosing Templates, Indicators. the Cave Manager EA and Documents, compressed as a Packet.zip file. Extract it and as usual, place the indicators (.mq4 and .ex4 files) in the Experts/Indicators folder of your MT4 installation. the CaveManager file in the Experts folder, not in the Indicators folder. Place the Template (.tpl file) in the Templates folder. The Lorente Large template is designed to follow one currency pair on one screen. The CaveManager EA is a fantastic money management tool. Set the inputs to your liking, place it on your chart after a trade is executed and it will take care of the rest. It is an extraordinary tool that will make your trading a lot easier and more fun.

Example Chart: In the AudUsd chart below, you can see how price is above all 4 TMA upper bands. All that is needed in this example is for the M15, H1 and H4 slope values to become Ranging or Sell Only and a short can be entered when price touches the white M15 dotted upper band.

That´s it ! The system is simple in concept and easy to trade. I recommend that you handle it with care. Use demo accounts or small lots until it shows itself to be consistently profitable and you acquire confidence in it. A trading system will only work consistently if you truly believe in it. As we move forward, I´m sure we will improve it and make it ever more reliable.

Good luck and welcome to our New Adventure !

Hall of Fame: The following members have collaborated or have made a positive impact on making this system a better one. The underlined names have made extraordinary contributions:

Crodzilla , shahrooz67, Paradox, lologo, NanningBob, Zznbrm, X-Man, Favorite, EasyRyder, mladen, Argonod, Olarion1975, Ever E. Man, Faxxion, flaw, Riddermark, slowpokeyjoe, beto21 cwb, Trainman.

Ignored

Quoting minako

Disliked

he has abandoned his thread and he acknowledged that the results were all demo accounts. fyi only. not meant to demean anyone.

Ignored

Quoting Alorente

Disliked

Today will be the last day I will post trades and publish results.

I will answer your setup questions and if you show me charts I will give you my opinion of whether you should enter or not. It is simply too time consuming to post and publish results and it is taking time away from what I need to do, which is to test the other time frames so I can be sure that the system works in all of them.

I also need to focus a bit more on a couple of big accounts that I manage for friends. I usually make them 75% per month and the past 2 weeks...

Ignored

Quoting Alorente

Disliked

Total this week:

Monday: +243 pips

Tuesday: +222 pips

Wednesday: +275 pips

Thursday: +52 pips

Total: +792 pips

Ignored

Quoting mmaker

Disliked

Really? He was doing so well as he said,

Ignored

Quoting bobowang

Disliked

that's why we need trade explorers.
by now, there is no great system in FF with convinced performance.

Ignored