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Extreme TMA System

  • #14,981
  • Oct 24, 2018 7:55pm Oct 24, 2018 7:55pm
Hi,
I've been using TMA for a while and Extreme TMA info indicator is really helpful. It will be more helpful for me if there's M1 TMA slope information, can somebody make that? Thank you.
  • #14,982
  • Oct 25, 2018 4:18am Oct 25, 2018 4:18am
Hello Alorente dear
I have a request for you
Please send me "MATrendArow.Mq4". Because I want to make it customizable by the user ( customizable indicator name "ID"). I need to have a lot of it on a chart.
Or you change it and send it to me,plese


Also a question:
In the initial settings , you selected "FastTMA period= 20", but now you have "FastTMA period= 50" in the new settings.
Why?
What makes this change?

  • #14,983
  • Oct 25, 2018 4:32am Oct 25, 2018 4:32am
Quoting sobhan
Hello Alorente dear I have a request for you Please send me "MATrendArow.Mq4". Because I want to make it customizable by the user ( customizable indicator name "ID"). I need to have a lot of it on a chart. Or you change it and send it to me,plese Also a question: In the initial settings , you selected "FastTMA period= 20", but now you have "FastTMA period= 50" in the new settings. Why? What makes this change?
Sorry. I only have the ex4 of this indi.

I changed to 50 period because after extensive testing, I found it to be superior in capturing the cycles of the market.
Observation is the path to discovery.
  • #14,984
  • Oct 25, 2018 6:53am Oct 25, 2018 6:53am
Quoting Alorente
{quote} Sorry. I only have the ex4 of this indi. I changed to 50 period because after extensive testing, I found it to be superior in capturing the cycles of the market.
Thank you dear.


TMA Slope True For All Time:

cja did this for me. Thanks for him


I hope to help those who trade with this system
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-10-25 15_21_24-New Reply _ Extreme TMA System @ Forex Factory.png Size: 50 KB
Attached File(s)
File Type: ex4 10.2 TMA slope true 4.30.ex4   31 KB | 849 downloads
File Type: mq4 10.2 TMA slope true 4.30.mq4   24 KB | 1,089 downloads
File Type: ex4 all TMA slope.ex4   37 KB | 1,057 downloads
  • #14,985
  • Oct 31, 2018 4:09am Oct 31, 2018 4:09am
I have answered some questions by PM which I am posting here for everyone else:


Hi Al,

First I wanted to thank you for providing this system. I have used the TMA Slope MTF for a while and the results have been good.

I have used too tight a stop loss. I tend to be afraid of letting a trade run against me because my account is so small. Do you have any tips to circumvent this and trust the pullback will end? I know you said you don't use a SL but I'm curious how you gain confidence.

Do you pyramid or leave trades open while opening new ones during a trend or do you usually close a trade when the opposite band is reached, using the daily band slope as the trade direction?

Thanks again for everything you've done Very selfless helping going on in your thread I have traded for several years and never made a deposit but things are looking up!

Hello Max.

I do not use a stop. From what you tell me I think you should reduce your lot size by 50%. This will help you feel confident when price goes temporarily against you. It also allows you to place a second trade when the price turns in the correct direction.

I trade in H4 charts. When price reaches the opposite band I set a very tight stop under the last H4 candle. I raise the stop under every new candle until stopped out.


Was also curious about your RSI indicator. What is it called? Does it paint those yellow divergence lines itself?

No. I draw the lines myself. Most of the time, the RSI will cross the line before price crosses its trendline giving you advance notice. Then RSI tests the line on the opposite side. The test is the ideal spot to enter. Generally you will observe a divergence in RSI relative to price at this point. The RSI is ideal for timing of the entry, but the main entry condition is for price to be under the lower H4 band for Buy or above the H4 band for Sell.
Observation is the path to discovery.
  • #14,986
  • Oct 31, 2018 4:26am Oct 31, 2018 4:26am
Here is a picture perfect entry:

1- Price is under H4 lower band (Magenta).
2- Price is under D1 band (Aqua). This condition is not necessary but is nice to have.
3- RSI has crossed the down trendline.
4- RSI tests the opposite side of the trendline.

You can see an RSI divergence with price. Not necessary but nice to have.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD,H4.png Size: 28 KB
Observation is the path to discovery.
  • #14,987
  • Nov 1, 2018 8:43am Nov 1, 2018 8:43am
GBPNZD is looking good right now. I am long for a potential 1500 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD - H4.png Size: 48 KB
Observation is the path to discovery.
  • #14,988
  • Nov 1, 2018 11:30am Nov 1, 2018 11:30am
Quoting Alorente
GBPNZD is looking good right now. I am long for a potential 1500 pips. {image}
Good call....and thank you!
George
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDM5.png Size: 68 KB
Click to Enlarge Name: GBPNZDM5 2.png Size: 79 KB
  • #14,989
  • Nov 5, 2018 6:39am Nov 5, 2018 6:39am
I have this issue of the D1 TMA bands not showing up properly on some pairs.. anyone else facing the same problem? Any solutions please?
Al, many thanks for your selfless contribution and efforts on this thread...

To the veterans who have been trading this system and to AL, how many trades on the 4H like you say can be expected per month?
Thank you in advance..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (1471).png Size: 66 KB
Click to Enlarge Name: Screenshot (1472).png Size: 67 KB
Jehovah Jireh
  • #14,990
  • Nov 5, 2018 7:23am Nov 5, 2018 7:23am
Hello to all the member. Hello Alorente!

I followed your thread in the past when I started to study hurst cycles with mixed results but I never gived up and keep to trade with decent results. So till today this is one of the only method which I trust and I know quite good even if I used other similar way to enter into the market like bollinger bands+ stochastic and sometimes divergences to have a better confirmation of the price exhaustion.
However over the time (5+ years) I found that this method work better in range bound markets because often when trend is strong I was caught in a lot of fake signal because I used to countertrade just like Al said in another post. So today I look at this thread with a new faith because AL method avoid to counter trade and it is far superior as method, in fact counter trading is simply too problematic to implement!

I would like to ask just few question about the method.

1) I saw a sort of slope indicator, so my question is what this is used for and how?

2) I found that fastTMA indicator doesn't show on my Mt4 platform with the template posted by Al, have someone the same issue? How to solve this?

Looking forward to follow this nice thread
  • #14,991
  • Nov 5, 2018 7:50am Nov 5, 2018 7:50am
Try this adaptation of the TMA slope true indicator. It will show the values in the 3 upper timeframes chosen.
If it does not load, open the code, add any single random letter or number within the code and click compile again - delete the random number and compile again.
I don't know why some MT4 indicators need this and some do not but this should work.
George
Attached File(s)
File Type: mq4 TMA slope true Scalper.mq4   29 KB | 1,197 downloads
  • #14,992
  • Nov 8, 2018 8:25pm Nov 8, 2018 8:25pm
Quoting paw1234
{quote} I was wondering the same thing! But, I have noticed this on a lower time frame using 5M, 15M, 1H and 4H TMA. Will it still be applicable to lower TF? I am a day trader and trades swings most of the time. What TMA settings would be appropriate? and do you still use S/R levels on retracements or just the TMA bands alone? Thanks Al. Also, From the attached pic, i have highlighted some positions (red lines) which are countertrend, but as what i've learned reading this thread, the candles tends to bounce from band to band in lower TFs and it...
How does your chart look like that? I copied all the files from post 14,932 and my chart looks like this.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 52 KB
  • #14,993
  • Nov 9, 2018 10:43am Nov 9, 2018 10:43am
Quoting RiskvsGain
Hello to all the member. Hello Alorente! I followed your thread in the past when I started to study hurst cycles with mixed results but I never gived up and keep to trade with decent results. So till today this is one of the only method which I trust and I know quite good even if I used other similar way to enter into the market like bollinger bands+ stochastic and sometimes divergences to have a better confirmation of the price exhaustion. However over the time (5+ years) I found that this method work better in range bound markets because often...
I have just posted the following on Post #1 of this thread. These are the indicators and template I currently use.
Attached Image (click to enlarge)
Click to Enlarge Name: New Extreme TMA Setup.png Size: 100 KB
Observation is the path to discovery.
  • #14,994
  • Nov 9, 2018 12:54pm Nov 9, 2018 12:54pm
Hello AL! Thanks for the indicators and the template.

However it is quite strange but TMA lines still don't show on my mt4.
Can someone correct this indicator? I can't figure out why this doesn't work.
  • #14,995
  • Nov 9, 2018 1:07pm Nov 9, 2018 1:07pm
Quoting RiskvsGain
Hello AL! Thanks for the indicators and the template. However it is quite strange but TMA lines still don't show on my mt4. Can someone correct this indicator? I can't figure out why this doesn't work.
I noticed this issue on my 11" windows tablet. Works fine on my 15"laptop, though. Wonder what gives.
  • #14,996
  • Nov 9, 2018 1:16pm Nov 9, 2018 1:16pm
Quoting RiskvsGain
Hello AL! Thanks for the indicators and the template. However it is quite strange but TMA lines still don't show on my mt4. Can someone correct this indicator? I can't figure out why this doesn't work.
Try to delete the fasttmaline indicator and reload it .. that worked for me
Jehovah Jireh
  • #14,997
  • Nov 9, 2018 1:25pm Nov 9, 2018 1:25pm
EURUSD looks good for a 100-150 pips buy, hit at lower 4H TMA band after arching at the lower D1 band...
Jehovah Jireh
  • #14,998
  • Nov 9, 2018 1:46pm Nov 9, 2018 1:46pm
WOW, and this reply of mine would be the 15,000th reply on this amazing thread of the extreme tma system .. 750 pages! I will be looking to buy EURUSD this is my chart, to AL and the veterans.. what are your thoughts?

Big thanks to Alorente for his selfless contribution and insights to this system.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (1519).png Size: 57 KB
Jehovah Jireh
  • #14,999
  • Nov 9, 2018 1:52pm Nov 9, 2018 1:52pm
Quoting stvn5594
{quote} Try to delete the fasttmaline indicator and reload it .. that worked for me
Thanks for your reply steven. However it seem that the fasttmaline indicator posted on the first page can't be loaded on new mt4 version.
Could you post the indicator you are using and what about the settings?

Cheers my friend!
  • #15,000
  • Nov 9, 2018 2:23pm Nov 9, 2018 2:23pm
Quoting stvn5594
WOW, and this reply of mine would be the 15,000th reply on this amazing thread of the extreme tma system .. 750 pages! I will be looking to buy EURUSD this is my chart, to AL and the veterans.. what are your thoughts? Big thanks to Alorente for his selfless contribution and insights to this system. {image}
I donīt trade against the higher TF trend. Both the D1 and W1 trends are down. I would only sell this pair when above the H4 upper band.
Observation is the path to discovery.
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