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scalping template tma

  • #81
  • Jul 8, 2017 12:05pm Jul 8, 2017 12:05pm
I think we can use true tma. Same signals in real time but without repainted past signals.
  • #82
  • Jul 8, 2017 12:13pm Jul 8, 2017 12:13pm
Quoting djms
welcome new traders yes the tma bands repaint but there are still plenty of signals that don't, these are the ones you look at. if anyone has any other suggestions or ideas as to what can be used instead of tma bands to catch pullbacks then please let us know........
Fellows stop complaining about repainting issue please, look for your odds live testing price behavior ... look for correlations with pivots, S/R , S/D and trend...
system works very nice in consolidations, but if price is fast rising up or falling down don't take nothing against, just look for pulback and go with trend direction... this is not a rocket science

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  • #83
  • Jul 8, 2017 12:37pm Jul 8, 2017 12:37pm
Hi, I am very new to trading, I am trying to download this scalping tool to the meta4, it does not seem to work. Can someone direct me how to download this tool? Thanks. Abdul
  • #84
  • Jul 8, 2017 4:30pm Jul 8, 2017 4:30pm
Quoting djms
welcome new traders yes the tma bands repaint but there are still plenty of signals that don't, these are the ones you look at. if anyone has any other suggestions or ideas as to what can be used instead of tma bands to catch pullbacks then please let us know........
djms, in post 5, you have an E/J chart on which you mention a 9-0 win rate. You can not do a visual back-test on a TMA chart, because the signals re-paint AFTER you take the trade. You cannot pick signals that do not re-paint because you do not know of the re-paint until it is too late. The only way to evaluate this system is to forward test and keep statistics. Do you have long-term forward test data? That would be interesting.
Re-paint is most significant in consolidation or during periods of direction change. Trading the center of a long trend might be a good strategy, because re-painting is less significant. Problem is you get few pullbacks to the TMA entry band. Maybe trade pullbacks to the center line during a long trend -- you get lots of them.
Been doing this for 10 years. For you guys who think you can ignore re-paint, you will learn in time to hate re-painters.
  • #85
  • Jul 8, 2017 5:11pm Jul 8, 2017 5:11pm
Quoting BlackNapkins
{quote} Fellows stop complaining about repainting issue please, look for your odds live testing price behavior ... look for correlations with pivots, S/R , S/D and trend... system works very nice in consolidations, but if price is fast rising up or falling down don't take nothing against, just look for pulback and go with trend direction... this is not a rocket science {image}
You are correct -- it is not rocket science. It is more difficult.
  • #87
  • Jul 8, 2017 6:09pm Jul 8, 2017 6:09pm
Quoting Ryder
{quote} djms, in post 5, you have an E/J chart on which you mention a 9-0 win rate. You can not do a visual back-test on a TMA chart, because the signals re-paint AFTER you take the trade. You cannot pick signals that do not re-paint because you do not know of the re-paint until it is too late. The only way to evaluate this system is to forward test and keep statistics. Do you have long-term forward test data? That would be interesting. Re-paint is most significant in consolidation or during periods of direction change. Trading the center of a long...
yes your correct - a few of those would have repainted - so in reality there would only have been 4-5 winners on that chart because it doesn't repaint the candles that hang out the bands.

why is it a problem getting few pullbacks to the band? for me its no problem i don;t mind waiting, perhaps you are impatient to trade, thoughts like that will burn your account.

If you've been doing this for 10 years perhaps you could enlighten us all with something better to use than the tma.
  • #88
  • Jul 8, 2017 6:09pm Jul 8, 2017 6:09pm
Quoting metta87
Whats the point of using a repainting indicator ?
no point at all, perhaps you should move to another thread
  • #89
  • Jul 8, 2017 6:09pm Jul 8, 2017 6:09pm
Quoting Ryder
{quote} You are correct -- it is not rocket science. It is more difficult.
My dear friend, there is no doubt ZigZag strongly repaint... so is useless from your point of view.
I earn on that nasty feature ...
I don't need those dosts or crosses, I am looking for weakness and strength, and TMA's helps me to confirm weakness or strength. Same manner we can use BB with dev3.3.
  • #90
  • Jul 8, 2017 6:10pm Jul 8, 2017 6:10pm
Quoting awsirjee
Hi, I am very new to trading, I am trying to download this scalping tool to the meta4, it does not seem to work. Can someone direct me how to download this tool? Thanks. Abdul
the download should appear in your browser - you need to have winrar installed to unzip it then put all files in relevant places, youtube will help you if you get stuck there.
  • #92
  • Jul 8, 2017 6:35pm Jul 8, 2017 6:35pm
Quoting metta87
{quote} Indeed, and you should probably do the same
ok - what do you think guys - should i pull down this strat and move on to another thread or should i ban this metta person from making more useless comments.
  • #93
  • Jul 8, 2017 6:38pm Jul 8, 2017 6:38pm
Quoting djms
{quote} ok - what do you think guys - should i pull down this strat and move on to another thread or should i ban this metta person from making more useless comments.
as you wish, thats your thread bro !
  • #94
  • Jul 8, 2017 7:13pm Jul 8, 2017 7:13pm
being agressive about repainting indicators will simply not help anyone...there will be always existing those indicators ...this one is showing the very actual entry moment or exit moment....the past can be forgotten and re-calculated...you traders are scalping with this system, at least trying to scalp.

If anyone has a better indicator with same function and never repainting, just attache it here and show your positive share...."what is the point" question will not improve this system. The Author here shares something whats work for him and try to also improve it, just we all need to see this point.
" Accepting losses is the most important single investment devise "
  • #95
  • Jul 8, 2017 7:59pm Jul 8, 2017 7:59pm
Quoting djms
{quote} yes your correct - a few of those would have repainted - so in reality there would only have been 4-5 winners on that chart because it doesn't repaint the candles that hang out the bands. why is it a problem getting few pullbacks to the band? for me its no problem i don;t mind waiting, perhaps you are impatient to trade, thoughts like that will burn your account. If you've been doing this for 10 years perhaps you could enlighten us all with something better to use than the tma.
I trade my own system -- very different from this, but quite similar to CigarGuy's thread. I have time to follow the various threads, and because I spent so much effort with TMA a few years ago, I read your thread. There are few good alternatives to TMA. TMA looks so enticing on the screen because it does such a great job of smoothing the curve fit. Overlay TMAtrue on the same chart and you will see all the smoothing that TMA does. Unfortunately, it does the smoothing after you have made your entry.
I mean you no ill will, and wish your thread well. My thought would be to filter the turning points, and take signals during the middle of significant trends. I learned to program mql during my 10 year journey. I wrote an indicator that integrates various signals from your strategy and attempts to filter the change in direction..

1. T3_Slope_Enable simple shows the slope of the T3 curve.
2. TMA_X_T3_Enable attempts to filter out the turn areas of TMA. The signal is long when the Lower TMA Band is above T3. The signal is short when the Upper TMA Band is below T3.
3. CG_Signals_Enable gives a long signal when an "X" occurs near the Lower TMA Band and a Short signal when an "X" occurs near the Upper TMA Band.
4. MACD_ZC_Enable signals long when MACD is above zero and a short signal when MACD is less than zero.
5. Alerts provided, so you can turn off the TMA alerts and not go quite so crazy.
6. Some other stuff in ther that I have in all my signal generation indicators.

You must have the indicator "TMA+CG mladen" in your indicators folder.

Turn them on and off one at a time and your will get the idea. Can turn on any combination of them. The net signal is the logical "and" of the enabled signals.

Ok. There you go "Buddy". Good luck with your thread.
Attached File(s)
File Type: ex4 ###TMA_Scalper_Signals.v1.0.ex4   26 KB | 2,396 downloads
  • #97
  • Jul 8, 2017 8:54pm Jul 8, 2017 8:54pm
Mustafa Belkhayate's MBFX system uses a similar pattern with a modified Center of Gravity and a modified RSI.
You cannot be extraordinary by being normal
  • #98
  • Jul 8, 2017 9:34pm Jul 8, 2017 9:34pm
First post on FF. This was a lot of fun to read as a new trader. Read every word of every post. My thanks to DJMS and everyone else who contributed to the conversation.

Are traders getting so badly burned from repainting? Seems like a lot of disdain/mistrust of them. From what I gather from the author, this shouldn't be such a big deal in this thread as author is looking for immediate ques to enter/exit, not looking back to see if a trade will be right or wrong. Is this not an instinctual approach, thus negating the inaccuracy of repainting? Authors approach appears to be that of an athlete making quick decisions in a game that he is very used to and adept in, while the critics of the repainting in this strategy are like the coaches in the locker room going over video before the game; once the game starts, sometimes all of the planning in the world doesn't matter. But what do I know, I'm still trading paper .

I plan to sit on the bench an watch this strategy for a while, maybe become an athlete in it one day. Very grateful to all of the generous voices in this conversation. I learned a lot!
Money won't solve all your problems, but it will solve your money problems.
  • #99
  • Jul 9, 2017 3:04am Jul 9, 2017 3:04am
welcome new traders and i encourage all comments both positive and negative, ying and yang

but please be respectful, i put the time and effort into building this template to share with the community, if you don't see value in it then constructive criticism to improve it is welcome but if you can;t offer that then please don;t comment at all.


Inserted Video
  • #100
  • Jul 9, 2017 3:19am Jul 9, 2017 3:19am
Quoting djms
welcome new traders and i encourage all comments both positive and negative, ying and yang but please be respectful, i put the time and effort into building this template to share with the community, if you don't see value in it then constructive criticism to improve it is welcome but if you can;t offer that then please don;t comment at all. https://www.youtube.com/watch?v=vdB-8eLEW8g
Djms,

We appreciate your work and your contributions...

Just go easy on yourself. This is Part of maintaining a thread, especially on FF...

Thanks
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