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Alorente replied Apr 20, 20123 Level ZZ Semaphor3 — Iīve been studying this indicator since yesterday and I like it a lot. I feel it complements TMA greatly. It is a good feeling to see a 3 or 4 appear when price is beyond the bands. Good confirmation. By the way, does ...
Extreme TMA System
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Alorente replied Apr 20, 2012I agree longer term, but a retracement to 1.58 is technically probable here. It really depends on when USD takes off. When it does, it will carry GBP also, but admittedly to a much smaller extent than Euro.
Extreme TMA System
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Alorente replied Apr 20, 2012I like this table you post. Can you do it more often? It is very helpful. Thanks.
Extreme TMA System
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Alorente replied Apr 20, 2012Nice words. I like how you express yourself. Someday we will meet personally...
Extreme TMA System
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Alorente replied Apr 20, 2012Patience is called for. Price is over all the TMAs (M15, H1, H4) and close to the top of D1. It should be almost exhausted and should come down soon. Maybe not today, but the odds favor the shorts right now.
Extreme TMA System
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Alorente replied Apr 19, 2012The 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 ...
Extreme TMA System
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Alorente replied Apr 19, 2012The 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 ...
Extreme TMA System
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Alorente replied Apr 19, 2012William, 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 ...
Extreme TMA System
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Alorente replied Apr 19, 2012Yes you need to comply with rule 3. The good news is that rule 3 is almost always valid, so it wonīt keep you out of almost any trades.
Extreme TMA System
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Alorente replied Apr 19, 2012When Slope is Ranging (Between 0.50 and -0.50) you can trade in both directions. That is the beauty of this system. It is perfect for a ranging market like the one we have today. Most systems are great at trending markets. Extreme TMA excels with ...
Extreme TMA System
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Alorente replied Apr 19, 2012I will review it. Frank, please email me detailed guidelines of how you use the semaphore as well as the indicator file you use yourself. Thanks.
Extreme TMA System
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Alorente replied Apr 19, 2012All good points. At some point, we will incorporate MTF rules into the Extreme TMA system. Right now we just use MTF visually, but it will be part of the rules where, for example, in order to enter an M15 trade, certain things will need to happen in ...
Extreme TMA System
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Alorente replied Apr 19, 2012We will be coding the Trend Exit Rule, so you will remain in the trade if Slope value is above 0.50 for long and below -0.50 for short at moment of exit. A stop when returning to ranging conditions would work as opposed to directly closing the order ...
Extreme TMA System
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Alorente replied Apr 19, 2012The idea is to build the best EA possible that can trade 24/5 and with different time frames. Iīd like to have EAs running for M5, M15, H1 and maybe H4 also, with a 6 to 8 pair diversified portfolio. On longer time frames we will run a percentage ...
Extreme TMA System
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Alorente replied Apr 19, 2012I agree with you. That is a better way to exit manually, but how do you implement a first A and then B condition on an EA? Maybe it is possible... One way or another, it does look like the exit condition will come from a smaller time frame than the ...
Extreme TMA System
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Alorente replied Apr 19, 2012Iīve tested and traded this condition a lot and I am looking for something better for two reasons: 1- Over 90% of times, price tests the swing high at least once. This means that by entering on Red HA candle, you are practically guaranteed to begin ...
Extreme TMA System