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Extreme TMA System

  • #14,281
  • Mar 14, 2013 11:07am Mar 14, 2013 11:07am
[quote=Mr C;6515427]Nice work,
I found “MT4 Floating Charts” on Google when you remove the chart to drop it in a new window it retains all of its functionality including tool bars you can try it for free.

Paul,

Can you share the link.
  • #14,282
  • Mar 14, 2013 11:33am Mar 14, 2013 11:33am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
[quote=Phaholj;6515624]
Quoting Mr C
Nice work,
I found “MT4 Floating Charts” on Google when you remove the chart to drop it in a new window it retains all of its functionality including tool bars you can try it for free.

Paul,

Can you share the link.
floatingcharts.com
Of all the things I've lost I miss my mind the most .
  • #14,283
  • Mar 14, 2013 1:15pm Mar 14, 2013 1:15pm
[quote=Phaholj;6515624]
Quoting Mr C
Nice work,
I found “MT4 Floating Charts” on Google when you remove the chart to drop it in a new window it retains all of its functionality including tool bars you can try it for free.

Paul,

Can you share the link.
If you are interested, go here it seems its the same.
Master Your Setup, Master Your self. (NQoos)
  • #14,284
  • Mar 15, 2013 5:32am Mar 15, 2013 5:32am
Guys i was looking for the new version of this suite ( PZ Trend Following Suite ) to demo trade it before i consider making an investment in it, does somebody have a Free copy .

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,285
  • Edited 5:12pm Mar 16, 2013 5:07pm | Edited 5:12pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Well it’s going to be a year this Friday March 22 that I subscribed to ForexFactory My first post was on the Extreme TMA Thread and this has been mostly my home.

When I started here my obsession was on Entries and fast profits, then a looser comes along and you spend the next 10 trades breaking even slowly building up your account it works but it is hard both physically and mentally trading that way.

What did I learn?

Programing, this gave me an inside out understanding of price action and charting.

Discipline, if it’s not in writing it’s not my rule I follow a plan.

Trading Plan, my priorities changed.

#1_ from entries to exits if you master exits you become better at entries by default.

#2_ “M/M R/R” if you master this you don’t need a very high win rate to be profitable.

#3_ Entry

My goal for this year is to start a business with my profits and trade only when the conditions are optimal and work more at my business during down times instead of taking a hit.

Here is an Example over the last two weeks using my first EA & rules, contract size 0.10, 50 trades all Entered Long on ``Sell Exits`` the market has a flow.

Paul,
Attached Image (click to enlarge)
Click to Enlarge Name: vgraph.png Size: 18 KB

Attached Image (click to enlarge)
Click to Enlarge Name: vreport.png Size: 22 KB


This is still a work in progress one of my computers is crunching years of data I will post the results when done.
Of all the things I've lost I miss my mind the most .
  • #14,286
  • Mar 16, 2013 6:11pm Mar 16, 2013 6:11pm
Al, I just recently started trading and studying in this forum. I am impressed with your thread. Actually this is my first reply as a post. I'll keep watching this thread.

Thanks.
  • #14,287
  • Mar 17, 2013 5:36am Mar 17, 2013 5:36am
Quoting Mr C
Well it’s going to be a year this Friday March 22 that I subscribed to ForexFactory My first post was on the Extreme TMA Thread and this has been mostly my home.

When I started here my obsession was on Entries and fast profits, then a looser comes along and you spend the next 10 trades breaking even slowly building up your account it works but it is hard both physically and mentally trading that way.

[i][size=3][color=#808080][font=Calibri]What...
C, great to read your post, i beg your pardon but if i may say that, now that you sorted out your exits start to focus on working on your entries, a drawdown like this ( 69%) can blow out your account in one single trade that goes south and you said it in the beginning of your post.

Its obvious that you don't use stop losses, try to experiment on that to see where your optimal stop loss should be if you decide to use one @ all, finally trust me on that being there done that its just a matter of time my friend, just a matter of time.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,288
  • Mar 17, 2013 8:44am Mar 17, 2013 8:44am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting bassramy
C, great to read your post, i beg your pardon but if i may say that, now that you sorted out your exits start to focus on working on your entries, a drawdown like this ( 69%) can blow out your account in one single trade that goes south and you said it in the beginning of your post.

Its obvious that you don't use stop losses, try to experiment on that to see where your optimal stop loss should be if you decide to use one @ all, finally trust me on that being there done that its just a matter of time my friend, just a matter of time.

Regards,
B.R....

Hi Bass, I don`t trade with EA`s and I do use a SL, as I said this is still a work in progress, at the moment it can only go long I have aways to go before it`s finish and it`s for testing my rules not for trading my account or I would just retire, EA`s are precision tools and need to be calibrated to the markets they need supervision my EA will be an assistant.

My absolute drawdown was $5033.30 my account $ 10 000.00

■Absolute drawdown is the difference between the initial deposit and the smallest value of balance within testing:

The last 2 weeks have been coming out of a down trend into a range and my EA can only go long that’s an average of 5 trades a day so good for him.

If you trade with a float and withdraw your profits as you go the drawdown is not bad on the whole.

All the best, Paul
Of all the things I've lost I miss my mind the most .
  • #14,289
  • Mar 17, 2013 9:21am Mar 17, 2013 9:21am
hi bassramy and everybody!
i like system TMA. Can you share indicator in the picture?
thanks!!!
Attached Image (click to enlarge)
Click to Enlarge Name: untitled11.JPG Size: 197 KB
  • #14,290
  • Mar 17, 2013 9:32am Mar 17, 2013 9:32am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting bassramy
C, great to read your post, i beg your pardon but if i may say that, now that you sorted out your exits start to focus on working on your entries

Regards,
B.R.

Sorry I forgot this part Ifyou can look at a chart and see your possible exits entering a trade becomes alot easier.

Paul,
Of all the things I've lost I miss my mind the most .
  • #14,291
  • Mar 18, 2013 3:37am Mar 18, 2013 3:37am
Quoting malmal1985
hi bassramy and everybody!
i like system TMA. Can you share indicator in the picture?
thanks!!!
Just a regular MTF VQ Indicator that recalculate, Google it.
Master Your Setup, Master Your self. (NQoos)
  • #14,292
  • Mar 20, 2013 2:37am Mar 20, 2013 2:37am
its been 46 hrs, lets keep this thread alive.
  • #14,293
  • Mar 21, 2013 10:32am Mar 21, 2013 10:32am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
This is for those new to trading and to answer some PM’s.

“The System” is like a car,you are the driver, the plan (Map) is what is important it needs to be in writing and in your face if you don’t follow it to the letter there is no way of calculating your odds, it becomes random (Lost).

Remember if you trade a % of your balance or increase your contracts constantly it’s difficult, this is why I trade with a float and risk only a % of the float not my profits and I always use the same contract size because if you win the first trades with small contracts and loose on the last trades with big contracts it’s very hard to manage, take your profits instead of increasing contract size find a comfortable amount so you can walk away with no fear and easily replenish your float at any time, trade with confidence and remember it can’t always go your way just decide how far you want to let it go and relax.

If you have 1 indicator you like and understand you can look at the trend and trade that 1 indicator even if it’s right only 55% of the time you have to plan your RR around it and you should make money this is simple and good practice to start and develop a system that’s truly yours.

Look to the future, the drivers you see in the winner’s circle are always the same ones they finish the race just ahead of others, like in trading if you doubled your portfolio in a year you are very successful most drivers keep blowing there engines lack of discipline.

Be realistic if you had $200 000.00 in your account last year and now have over $ 400 000.00 it was a good year, going from $ 200.00 to $ 400.00 is very doable in a year, slowly move the dot to the right.

Paul,

PS: Remember Forex is on a race track not a trip to the mall you really need to know how to drive to use any system successfully in the long term so learn how to drive before jumpingin to every system on FF.
Of all the things I've lost I miss my mind the most .
  • #14,294
  • Mar 22, 2013 7:21am Mar 22, 2013 7:21am
hi bassramy, ong C
i looking indicator draw auto trend but i don't look on google. Can you speak about name it or share it???
thanks you very much
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 138 KB
  • #14,295
  • Mar 22, 2013 7:31am Mar 22, 2013 7:31am
Quoting chuongio
hi bassramy, ong C
i looking indicator draw auto trend but i don't look on google. Can you speak about name it or share it???
thanks you very much
Here u go.
Attached File(s)
File Type: mq4 AutoTLexp2015.mq4   13 KB | 1,585 downloads
Master Your Setup, Master Your self. (NQoos)
  • #14,296
  • Mar 22, 2013 7:45am Mar 22, 2013 7:45am
How does it work?
  • #14,297
  • Mar 22, 2013 10:34am Mar 22, 2013 10:34am
Quoting Phaholj
How does it work?
What do you mean P., its an automatic trendline plotter, just attach it to your charts and it will plot the recent trend lines.
Master Your Setup, Master Your self. (NQoos)
  • #14,298
  • Mar 23, 2013 4:10am Mar 23, 2013 4:10am
Long term TA.

EUR/USD Long Trade Setup Begins to Take Shape

 EUR/USD Technical Strategy: Pending Long

Prices have completed a Bullish Engulfing candlestick pattern, hinting a move higher is ahead. Positive RSI divergence reinforces the case for an upside scenario. Initial resistance is at 1.3139, the 23.6% Fibonacci retracement. This hurdle is reinforced by a falling trend line set from the February 1 high. A break higher exposes the 38.2% level at 1.3248. Near-term support is at 1.2963, the March 6 low. We will look for confirmation of a break out to enter long in line with our 2013 outlook.


http://media.dailyfx.com/illustratio..._Picture_5.png
Master Your Setup, Master Your self. (NQoos)
  • #14,299
  • Mar 23, 2013 5:42am Mar 23, 2013 5:42am
hi, bass, tks for the computative and enlightening information i'll keep an eye. Its weekend here already, greetings to ur family.
Regards
  • #14,300
  • Mar 24, 2013 4:28pm Mar 24, 2013 4:28pm
Quoting bassramy
Just a regular MTF VQ Indicator that recalculate, Google it.
Hi ramy, kindly share this indicator.
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