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Extreme TMA System

  • #15,101
  • Edited 2:15pm Nov 18, 2018 1:23pm | Edited 2:15pm
Hello Alorente.

Thank you for sharing this beautiful system.

I would like to ask a question. In your newest template you changed the atr muliplier in the Fast Tma indis to 2.5 and raised the atr periods to 500. In the Extreme TMAinfo indicator the values are set to atr multiplier1.8 and atr periods to 100. Is this correct? Whats the purpose of that?

Many thanks, Klausi.
Stick to the plan!
  • #15,102
  • Nov 18, 2018 3:52pm Nov 18, 2018 3:52pm
Quoting Klausi
Hello Alorente. Thank you for sharing this beautiful system. I would like to ask a question. In your newest template you changed the atr muliplier in the Fast Tma indis to 2.5 and raised the atr periods to 500. In the Extreme TMAinfo indicator the values are set to atr multiplier1.8 and atr periods to 100. Is this correct? Whats the purpose of that? Many thanks, Klausi.
You are correct. The Extreme TMA info indi must be changed to 2.5 and 500 ATR. The difference in the slope values will be minimal, but it should match the TMA. I placed the old template in the rar file. I will make the changes and place the correct template in the rar file when I return in a few days to my office. I am travelling right now.

Thanks for letting me know.
Observation is the path to discovery.
  • #15,103
  • Nov 18, 2018 4:24pm Nov 18, 2018 4:24pm
Quoting Alorente
{quote} Good entry. It should work out OK till the 200 sma. I would consider exiting there if the H4 TMA slope is above 0.30. I donīt like strong H4 slopes working against my trade. In your case it is at 0.29 right now. When you have a strong H4 TMA moving against you, many times price will retrace to the upper band (in your case) and bounce higher from there. In your trade, the upper band and the 200 SMA support are near each other, so that area around 0.8800 may be strong support.
Thanks for the feedback. You were right, it did bounce off the upper band (I ended up getting out at break even). I will keep that point in mind about how close the H4 slope is to 0.30.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4 BE.png Size: 59 KB
  • #15,104
  • Nov 18, 2018 4:34pm Nov 18, 2018 4:34pm
Quoting 00PIP
{quote} Thanks for the feedback. You were right, it did bounce off the upper band (I ended up getting out at break even). I will keep that point in mind about how close the H4 slope is to 0.30. {image}
Here H4 trend is up but to buy you need PA below TMA.
So no setup to buy here at the moment.
Bye
  • #15,105
  • Nov 18, 2018 4:38pm Nov 18, 2018 4:38pm
Quoting Merka
{quote} Here H4 trend is up but to buy you need PA below TMA. So no setup to buy here at the moment. Bye
Thanks - the attached picture is the outcome of the short trade I took at the yellow marked arrow mentioned a few posts back, which was a valid entry at the time.
  • #15,106
  • Nov 18, 2018 4:41pm Nov 18, 2018 4:41pm
Quoting Merka
{quote} Here H4 trend is up but to buy you need PA below TMA. So no setup to buy here at the moment. Bye
He was not talking about a Buy set up, it was a Sell set, its way way off for any Buys because its in a down trend.
  • #15,107
  • Nov 18, 2018 8:06pm Nov 18, 2018 8:06pm
Could be a potential short on EURUSD triggered soon, maybe off the 200 SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 71 KB
  • #15,108
  • Nov 18, 2018 8:14pm Nov 18, 2018 8:14pm
Quoting 00PIP
Could be a potential short on EURUSD triggered soon, maybe off the 200 SMA. {image}
Hey 00PIP I totally agree with you, but I think that it will go up a little bit to the 1.1445 area before it makes its official pull back. Th way that the EU close really high on Friday without any pullbacks was a another red flag that it will continue higher before we get that pullback. The EU has breached the upper H1 & H4 bands so far, so its just a matter of waiting to see how far it goes before actually pulling back.
  • #15,109
  • Nov 18, 2018 8:25pm Nov 18, 2018 8:25pm
Hello Alorente.

Thank you for the system

does it work with MT5?

Regards.
  • #15,110
  • Nov 18, 2018 11:18pm Nov 18, 2018 11:18pm
Quoting Alorente
{quote} You are correct. The Extreme TMA info indi must be changed to 2.5 and 500 ATR. The difference in the slope values will be minimal, but it should match the TMA. I placed the old template in the rar file. I will make the changes and place the correct template in the rar file when I return in a few days to my office. I am travelling right now. Thanks for letting me know.

Hello AL, is there a significant difference between 2.5,500 and 2.0,100 (ATR Multiplier and Period respectively) ? I have been using 2.0 and 100 it seems to be working quite well for me.. i just added my own rules to enter on the 1hr.
Thanks in advance, hope you're doing well.
Jehovah Jireh
  • #15,111
  • Nov 18, 2018 11:25pm Nov 18, 2018 11:25pm
Quoting Goodchoicefx
Hello Alorente. Thank you for the system does it work with MT5? Regards.
I do not know if the fast tma indi was ever coded for mt5
Observation is the path to discovery.
  • #15,112
  • Nov 18, 2018 11:29pm Nov 18, 2018 11:29pm
Quoting stvn5594
{quote} Hello AL, is there a significant difference between 2.5,500 and 2.0,100 (ATR Multiplier and Period respectively) ? I have been using 2.0 and 100 it seems to be working quite well for me.. i just added my own rules to enter on the 1hr. Thanks in advance, hope you're doing well.
There is a big difference if you use the tma pip width settings in the info indi. I dont use them so for me the difference is minimal.
Observation is the path to discovery.
  • #15,113
  • Nov 18, 2018 11:36pm Nov 18, 2018 11:36pm
Quoting stvn5594
{quote} Hello AL, is there a significant difference between 2.5,500 and 2.0,100 (ATR Multiplier and Period respectively) ? I have been using 2.0 and 100 it seems to be working quite well for me.. i just added my own rules to enter on the 1hr. Thanks in advance, hope you're doing well.
But if you are talking about the system for entry, there is a huge difference between 2.5 and 2.0

2.5 will give you less entries but much safer entries than 2.0

The 500 atr just gives you smoother tmas. It is more visually appealing. Thats all.

Let me know what your new rules are. I will tell you if they will work or not.
Observation is the path to discovery.
  • #15,114
  • Nov 18, 2018 11:40pm Nov 18, 2018 11:40pm
Check out Malden mt5 version of tma here https://forex-station.com/viewtopic....3458&start=120
  • #15,115
  • Nov 19, 2018 12:27am Nov 19, 2018 12:27am
Quoting Alorente
{quote} But if you are talking about the system for entry, there is a huge difference between 2.5 and 2.0 2.5 will give you less entries but much safer entries than 2.0 The 500 atr just gives you smoother tmas. It is more visually appealing. Thats all. Let me know what your new rules are. I will tell you if they will work or not.
Messaged you
Jehovah Jireh
  • #15,116
  • Nov 19, 2018 1:05am Nov 19, 2018 1:05am
Al,

I have added your three TMA of the 1, 5 and 15 minute on my 1 minute scalping charts.

Seems to work quite fine with TMA Period 50, ATR multiplier 2.0 and ATR Period 100.

Is that what you recommend now for the 1 minute chart?
  • #15,117
  • Nov 19, 2018 1:33am Nov 19, 2018 1:33am
Quoting ikdenk
Al, I have added your three TMA of the 1, 5 and 15 minute on my 1 minute scalping charts. Seems to work quite fine with TMA Period 50, ATR multiplier 2.0 and ATR Period 100. Is that what you recommend now for the 1 minute chart?
No. I recommend 2.5 multiplier and 500 ATR for all pairs except the weekly and the monthly which can be 2.0 and 100
Observation is the path to discovery.
  • #15,118
  • Nov 19, 2018 1:58am Nov 19, 2018 1:58am
Quoting Alorente
{quote} No. I recommend 2.5 multiplier and 500 ATR for all pairs except the weekly and the monthly which can be 2.0 and 100
Thank you, Sir!
  • #15,119
  • Nov 19, 2018 2:26am Nov 19, 2018 2:26am
Quoting Alorente
{quote} You are correct. The Extreme TMA info indi must be changed to 2.5 and 500 ATR. The difference in the slope values will be minimal, but it should match the TMA. I placed the old template in the rar file. I will make the changes and place the correct template in the rar file when I return in a few days to my office. I am travelling right now. Thanks for letting me know.


Great!

Have a beautiful vacation.
Stick to the plan!
  • #15,120
  • Nov 19, 2018 7:37am Nov 19, 2018 7:37am
Quoting adelzadeh
{quote} here is {file}


TANX Dear.
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