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scalping template tma

  • #121
  • Jul 10, 2017 10:34am Jul 10, 2017 10:34am
i started some compounding (not recommended for newbie traders) all 3 trades taken short here at an increased lot size

lucky to get my exit on touch of bottom bands, looks like shes heading north now, will wait for pullbacks to get into the longs
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  • #122
  • Jul 10, 2017 10:46am Jul 10, 2017 10:46am
Hello Djms

How did you overcome the issue related to the TMA repainting?
Thanks
  • #123
  • Jul 10, 2017 10:58am Jul 10, 2017 10:58am
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}
How many time frames up do you reference for trend direction? e.g. If you're looking at 5M, do you reference the 15M time frame or the 30M, or the 1H?
  • #124
  • Jul 10, 2017 10:59am Jul 10, 2017 10:59am
Quoting Merka
Hello Djms How did you overcome the issue related to the TMA repainting? Thanks
i just wait for a good break outside the bands, these ones don't repaint - its really quite simple
  • #125
  • Jul 10, 2017 11:41am Jul 10, 2017 11:41am
Quoting djms
{quote} nice trade there
thanks. i was expecting to watch it and close if/when it hit the upper band. but i had to suddenly run out the door without setting a take profit. i just got back to see that although i missed the intended exit, i'm still in it. so i closed half and will let the other half go for the day.

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that new template looks good
  • #126
  • Jul 10, 2017 11:41am Jul 10, 2017 11:41am
DJMS,
When you say "...these ones don't repaing.." are you referring to the TMATrue indicator? If so, I placed that on my chart, but I didn't get any "X" buy/sell indicators on my charts.
  • #127
  • Jul 10, 2017 12:00pm Jul 10, 2017 12:00pm
had to wait 40 mins for this to set up, done now dinner time and trading day finished
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  • #128
  • Jul 10, 2017 12:13pm Jul 10, 2017 12:13pm
hi djms, great results and looks a nice set up. i have trouble with rar files. any chance you cld post files and template not in a rar format?


Regards,
iak
  • #129
  • Jul 10, 2017 12:18pm Jul 10, 2017 12:18pm
MA_BBands_v3.2
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Attached File(s)
File Type: mq4 MA_BBands_v3.2.mq4   11 KB | 1,402 downloads
  • #130
  • Jul 10, 2017 12:27pm Jul 10, 2017 12:27pm
Quoting djms
had to wait 40 mins for this to set up, done now dinner time and trading day finished {image}
Djms,

Appreciate the many examples. In the above trade, TMA band is above the Moving Average, but The Price is below the Moving Average. Can one take trades in such a scenario or does the price also has to be above MA in addition to TMA?

Thanks
  • #131
  • Jul 10, 2017 1:38pm Jul 10, 2017 1:38pm
Quoting johnsun888
MA_BBands_v3.2 {file} {image}
thank you for this fantastic indicator
it does not repaint
it is better than tma.
but if both are joint togather,,,, wow.
thank you
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #132
  • Jul 10, 2017 2:06pm Jul 10, 2017 2:06pm
Quoting Samer1970
{quote} thank you for this fantastic indicator it does not repaint it is better than tma. but if both are joint togather,,,, wow. thank you
IF U DONT KNOW DOES NOT MEAN IT DOES NOT EXIST
  • #133
  • Jul 10, 2017 2:08pm Jul 10, 2017 2:08pm
Quoting johnsun888
MA_BBands_v3.2 {file} {image}
thanks johnsun, yes possible we can use these, can someone write an alert for them? dont wanna be staring at screen all day....
  • #134
  • Jul 10, 2017 2:13pm Jul 10, 2017 2:13pm
Quoting djms
i started some compounding (not recommended for newbie traders) all 3 trades taken short here at an increased lot size lucky to get my exit on touch of bottom bands, looks like shes heading north now, will wait for pullbacks to get into the longs {image}
Hi DJ,

looks like you don't have the macd anymore. Do you not care about it?
Are you just taking crosses outside bands no matter what?

tnx
  • #135
  • Jul 10, 2017 2:20pm Jul 10, 2017 2:20pm
weee, now i got arrows and crosses on my chart, lucky meeee
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  • #136
  • Jul 10, 2017 3:00pm Jul 10, 2017 3:00pm
Quoting Samer1970
{quote} thank you for this fantastic indicator it does not repaint it is better than tma. but if both are joint togather,,,, wow. thank you
Samer,

From what i observed, it is repainting/republishing. Some one else could confirm as well.

Thanks
  • #137
  • Jul 10, 2017 3:07pm Jul 10, 2017 3:07pm
Quoting lctrader11
{quote} How many time frames up do you reference for trend direction? e.g. If you're looking at 5M, do you reference the 15M time frame or the 30M, or the 1H?
I have my chart zoomed out, so I can see up to whole week on my M5 TF ... I am looking sometimes up to H1 , but often play against trend for 10 pips. Check D1 for important S/R levels ....
  • #138
  • Jul 10, 2017 3:24pm Jul 10, 2017 3:24pm
Quoting hibra68
{quote} Hi DJ, looks like you don't have the macd anymore. Do you not care about it? Are you just taking crosses outside bands no matter what? tnx
the macd was swinging too much into green and red so now i just use 2 versions of the t3 clean, one at 240 and one at 50

if the one at 50 is under the 240 then the average of the price or current momentum is shorts and visa versa.

sometimes the price can fly over the 240 but so long as the 50 is above or below it i use that to identify current momentum

remember to switch to higher time frames cause u dont wanna be shorting a a trade on the 1min when the h1 is at support on an uptrend
  • #139
  • Jul 10, 2017 3:52pm Jul 10, 2017 3:52pm
thank you so much everyone for contributing to the thread so far, my idea here was to simplify price action trading. everyone hears the saying buy low sell high but getting in is always the tricky part.

At least now we have a simplistic trend following strat that may not be a winner every time but its obvious to see it has a high enough percentage to provide us with an edge that over time should be enough to beat the market and can be traded on all timeframes. I just choose the 1 min cause i can be at the charts all day.

the template also helps with trading psychology (almost as important as strategy) we no longer have to think too much about getting in and there are no thoughts as where to get out, once you trade there;s no moving stop losses or worrying about what targets to take. In saying that though you can easy partial close your trade if trading with higher volume at the edge of the bands then lock in your stop - thats up to the trader......

lets keep rolling
  • #140
  • Jul 10, 2017 4:01pm Jul 10, 2017 4:01pm
Quoting aaven
{quote} Samer, From what i observed, it is repainting/republishing. Some one else could confirm as well. Thanks
How to test any indicator for repainting

there are two different ways:
either you set in front of your screen for hours to watch it or
the real test is a proof by mql4 - simple expert any trader on mt4 can buld it from scratch
ok lets do the following test

open new chart for tf 5 min
attach the indicator you want to test it for repainting into that chart.
save the chart in the templates as "empty-ea"
open mt4 mql4 editor
open new expert pop up screen
open new expert
do not write anything inside it
press next then next then next
close the pop up screen
now press save as ,,, write the new name exactly as the above suggested empty-ea
save it

go back to mt4
go to test strategy
choose the file empty-ea

now press start

wow

the tester will open the chart with the indi then make the speed of the test on 31 or 32 (max 0 then you can see that if the indi is repainting...

this is valid for any indi in general unless the author made rejection for test in the code at which in most cases not found.

enjoy -

i have found that the fast ma called tma is repainting

i found that the the ma bands NOT REPAINTING

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GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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