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  • #2,661
  • Edited 4:09am Jun 8, 2019 3:32am | Edited 4:09am
IRUTM TMA Reversal Trading System (Part 1 of 6)

Earlier today I was suspended from FF -- I think it was the seventh time. It is not the fault of FF -- the admin has always been fair and supportive. Certain red badges have the power to temporarily suspend. The suspension then gets reviewed by a FF moderator who then makes a decision. I mention this for two reasons: First -- if I stop posting it's to let you know that I didn't bail -- I never quit. Even if the thread were to slow to a trickle I would continue to upload new indicators from time-to-time. And, second, I've been working on a new indicator that -- even though it is still a work in progress -- I have decided to begin sharing sooner rather than later. The indicator will likely piss off some people (hint: the ones that don't use indicators) and I will likely get suspended again. I don't know how many suspensions one is allowed before one's membership is revoked and related threads are shutdown.

Rather than post one huge, monolithic post I've decided to break this into several smaller posts. So -- here we go -- this should be fun

The new indicator goes further than any of the others I've shared. It is based on both TMA and ADR -- which is nothing new -- but it goes a step further in that it generates candidate signals for reversal Entries. You are still on your own for Exits, but it looks good for Entries. I have not tested it on a live account. It is hot out of the oven. I'm hoping with a little help any glitches can be ironed out and it can serve as the basis of a semi-automated trading system. If it survives testing, I might even convert it into an EA -- we'll see.

I'm calling the new indicator IRUTM Reversal Trading System. I'll leave it to someone clever out there to figure out what the IRUTM stands for.

to be continued...
  • #2,662
  • Jun 8, 2019 3:43am Jun 8, 2019 3:43am
Quoting robots4me
IRUTM TMA Reversal Trading System (Part 1 of 6) Earlier today I was suspended from FF -- I think it was the seventh time. It is not the fault of FF -- the admin has always been fair and supportive. Certain red badges have the power to temporarily suspend. The suspension then gets reviewed by a FF moderator who then makes a decision. I mention this for two reasons: First -- if I stop posting it's to let you know that I didn't bail -- I never quit. Even if the thread were to slow to a trickle I would continue to upload new indicators from time-to-time....
Not sure what Root means in US, but in OZ it would be quite Rude
Some people say I'm lucky, but the more I practice the luckier I get
  • #2,663
  • Edited 4:37am Jun 8, 2019 4:05am | Edited 4:37am
Quoting robots4me
IRUTM TMA Reversal Trading System (Part 1 of 6) Earlier today I was suspended from FF -- I think it was the seventh time. It is not the fault of FF -- the admin has always been fair and supportive. Certain red badges have the power to temporarily suspend. The suspension then gets reviewed by a FF moderator who then makes a decision. I mention this for two reasons: First -- if I stop posting it's to let you know that I didn't bail -- I never quit. Even if the thread were to slow to a trickle I would continue to upload new indicators from time-to-time....

IRUTM TMA Reversal Trading System (Part 2 of 6)

As I've mentioned the new indicator is based on TMA and ADR. TMA and ADR are common indicators used by thousands of traders -- I don't think they are owned by any one and can be used freely. I'm pretty sure I'll be hearing from @George and crew. If their comments are restricted to trashing the indicator I'm fine with that -- it remains to be seen whether people find any value. But I'm more concerned they will claim it was their idea, or it was stolen, or they really taught me everything I know and now I'm ungrateful, or who knows what rubbish they'll come up with. So, let me begin by saying, yes, it was only after I had begun following @George's thread that I was made aware how valuable the TMA and ADR indicators are. But IRUTM is my concoction -- it combines TMA and ADR in ways @George never thought of. Here is a brief list to discourage attempts by @George et al to claim credit for IRUTM:

1. It is an indicator -- and we've learned by now that @George et al considers indicators useless.
2. It combines TMA and ADR in a single indicator.
3. It automates the computation of Entry points and displays markings. @George et al have always claimed this could not be done algorithmically and required manual drawing of target levels.
4. It does not use target levels. According to @George's treasure map, the key is "Targets,,, Targets,,, Targets,,,". So -- no target levels.
5. It does use an M1 TMA. @George et al also use an M1 TMA but they never shared the settings -- that was left as an exercise for the undeserving, lazy outsiders.
6. As a lazy, blind, ignorant, trading piece of trash -- there is no way someone like myself could even come close to replicating @George's methodology. To claim otherwise would mean they might have to backtrack on calling me a lazy, blind, ignorant, trading piece of trash.

The indicator does not use any secret sauce -- it's just a bunch of source code from various sources or that I've written. The only "secret" portion are the M1 TMA settings that it uses, and the only reason they are "secret" is because @George chose to keep them secret except for his inner-circle. I'll share the M1 TMA settings I'm using here -- I can't prove or disprove how similar they are to @George's.

A TMA band is defined by 3 parameters -- ATR Multiplier, ATR Period and HalfLength. Below are the settings I'm using in the new indicator:

double AtrMultiplier1 = 10.0;
double AtrMultiplier2 = 14.0;
double AtrMultiplier3 = 20.0;
double AtrMultiplier4 = 26.0;
double AtrMultiplier5 = 32.0;
double AtrMultiplier6 = 38.0;
double AtrMultiplier7 = 44.0;
double AtrMultiplier8 = 50.0;

int HalfLength1 = 480;
int HalfLength2 = 480;
int HalfLength3 = 480;
int HalfLength4 = 480;
int HalfLength5 = 480;
int HalfLength6 = 480;
int HalfLength7 = 480;
int HalfLength8 = 480;

int AtrPeriod1 = 1440;
int AtrPeriod2 = 1440;
int AtrPeriod3 = 1440;
int AtrPeriod4 = 1440;
int AtrPeriod5 = 1440;
int AtrPeriod6 = 1440;
int AtrPeriod7 = 1440;
int AtrPeriod8 = 1440;


to be continued...
  • #2,664
  • Jun 8, 2019 4:09am Jun 8, 2019 4:09am
Quoting Robot Trader
{quote} Not sure what Root means in US, but in OZ it would be quite Rude
@Robot Trader -- I'm not sure if you are serious or not. 'Root' means to cheer. It also refers to that portion of a plant or tree that extends underground and keeps it from falling over. There is also 'route' -- which is a path. Sounds like it was a bad example for pronunciation -- I'll remove it.
  • #2,665
  • Jun 8, 2019 4:36am Jun 8, 2019 4:36am
Quoting robots4me
{quote} IRUTM TMA Reversal Trading System (Part 2 of 6) As I've mentioned the new indicator is based on TMA and ADR. TMA and ADR are common indicators used by thousands of traders -- I don't think they are owned by any one and can be used freely. I'm pretty sure I'll be hearing from @George and crew. If their comments are restricted to trashing the indicator I'm fine with that -- it remains to be seen whether people find any value. But I'm more concerned they will claim it was their idea, or it was stolen, or they really taught me everything I know...
IRUTM TMA Reversal Trading System (Part 3 of 6)

Attached Image (click to enlarge)
Click to Enlarge Name: IRUTM-chart-01.png Size: 92 KB


The above screen shot shows the most important elements of the indicator. Again -- a work in progress and we can certainly make changes / enhancements.

1. In the background you see @Nih98's TMA. I like including this because it provides a "context" for the PA -- i.e. can quickly visualize whether the price is trending, consolidating, ranging, etc.

2. The shaded areas represent 0.75 ADR. If you recall @rosalieone's observation, reversals frequently occur within the first 0.75 ADR.

3. M1 TMA bands (ATRMultiplier 10 and 14) are overlayed on top of @Nih98's TMA bands. This is the glue. These M1 TMA Zones serve a similar role as @George's target levels. You do NOT trade toward the M1 TMA Zones but, rather away from them. When the price enters an M1 TMA Zone then it becomes a candidate signal. 'Candidate' does not mean that you necessarily open a BUY or SELL -- rather, you now take into consideration other clues or filters.

4. The purple (SELL) and blue (BUY) dots mark the candidate signals.

Even though the chart above is M30, my preference these days is M15.

So, in terms of what the indicator looks like that's basically it. Not too cluttered, I don't think. It's the overlayed M1 TMA Bands and ADR shadows that I think make it rather unique.

to be continued...
  • #2,666
  • Edited 6:27am Jun 8, 2019 4:44am | Edited 6:27am
Just thought I would put up some observations from the last couple of days for GJ M15.
This seems to be a repeating pattern. Herd mentality forms in Sydney/Tokyo when liquidity is low.
Frankfurt opens then London creating a move beyond the herd area. A move to 3 to 4 multiplier before a reversal for the rest of the day.

Attached Image (click to enlarge)
Click to Enlarge Name: nigpig-3.png Size: 89 KB
  • #2,667
  • Jun 8, 2019 4:54am Jun 8, 2019 4:54am
Quoting robots4me
{quote} IRUTM TMA Reversal Trading System (Part 3 of 6) {image} The above screen shot shows the most important elements of the indicator. Again -- a work in progress and we can certainly make changes / enhancements. 1. In the background you see @Nih98's TMA. I like including this because it provides a "context" for the PA -- i.e. can quickly visualize whether the price is trending, consolidating, ranging, etc. 2. The shaded areas represent 0.75 ADR. If you recall @rosalieone's observation, reversals frequently occur within the first 0.75 ADR. 3....
Seriously, you have the creative mind for ootb problem solving. Keep going you have made huge strides forward.
  • #2,668
  • Jun 8, 2019 4:56am Jun 8, 2019 4:56am
Quoting robots4me
{quote} IRUTM TMA Reversal Trading System (Part 3 of 6) {image} The above screen shot shows the most important elements of the indicator. Again -- a work in progress and we can certainly make changes / enhancements. 1. In the background you see @Nih98's TMA. I like including this because it provides a "context" for the PA -- i.e. can quickly visualize whether the price is trending, consolidating, ranging, etc. 2. The shaded areas represent 0.75 ADR. If you recall @rosalieone's observation, reversals frequently occur within the first 0.75 ADR. 3....
Congrats. This seems to me to be the natural coming together of the many "paths of interest" that have caught your attention, while also thankfully taking you down a new road of your own making and not having to constantly tug your forelock to a certain person. Time to finally let that go. Poking a bear is only fun for a certain limited amount of time.

The indicator looks great. I'd resist the temptation to guild the lily if it were up to me.
  • #2,669
  • Jun 8, 2019 5:05am Jun 8, 2019 5:05am
Quoting lemercenaire
{quote} Congrats. This seems to me to be the natural coming together of the many "paths of interest" that have caught your attention, while also thankfully taking you down a new road of your own making and not having to constantly tug your forelock to a certain person. Time to finally let that go. Poking a bear is only fun for a certain limited amount of time. The indicator looks great. I'd resist the temptation to guild the lily if it were up to me.
Quote
I'd resist the temptation to guild the lily if it were up to me.
@lemercenaire -- could you please translate for me. Here in the States we speak proper English -- never heard that one before.
  • #2,670
  • Jun 8, 2019 5:15am Jun 8, 2019 5:15am
Quoting OAPDave
Steve First let me say that I admire how you conduct yourself but do wish you would refrain (know it's hard) from even mentioning anything about (you no who) and his followers, we are here to see what you have to offer, now I am just curios as to why the new indicator, is it because you think that Nih98 one as a weakness of some sort Dave ps I think you said you were basing your indicators on Nih98 ideas {image} {image} {image}
Hey @OAPDave -- I appreciate the good word. However, could you please re-edit your posts and remove all the charts. They don't show anything interesting -- that I can tell -- and it forces me and others to do a lot of scrolling to get to the next post.

Regarding @Nih98 -- his tools and system are great.
  • #2,671
  • Jun 8, 2019 5:29am Jun 8, 2019 5:29am
Quoting OAPDave
{quote} Steve No problem ,this any better? {image}
@OAPDave -- yes, thank you...
  • #2,672
  • Jun 8, 2019 5:31am Jun 8, 2019 5:31am
Quoting nigpig
Just though I would put up some observations from the last couple of days for GJ M15. This seems to be a repeating pattern. Herd mentality forms in Sydney/Tokyo when liquidity is low. Frankfurt opens then London creating a move beyond the herd area. A move to 3 to 4 multiplier before a reversal for the rest of the day. {image}

@nigpig -- yes. If you refer back to post #2300 I think this may be related to what @rosalieone observed. At around the same time each day the fraction ADR reaches around 0.75 and that's when reversals frequently occur. The fraction ADR can sort of be used as a filter.
  • #2,673
  • Jun 8, 2019 5:50am Jun 8, 2019 5:50am
Attached Image (click to enlarge)
Click to Enlarge Name: Gild.png Size: 860 KB
  • #2,674
  • Jun 8, 2019 6:34am Jun 8, 2019 6:34am
Quoting robots4me
{quote} {quote} @lemercenaire -- could you please translate for me. Here in the States we speak proper English -- never heard that one before.
Lol, TopCover beat me to it
  • #2,675
  • Jun 8, 2019 6:46am Jun 8, 2019 6:46am
Quoting lemercenaire
{quote} Lol, TopCover beat me to it
Lol we have so many great idioms haven’t we!
  • #2,676
  • Jun 8, 2019 7:44am Jun 8, 2019 7:44am
Quoting robots4me
{quote} @OAPDave -- yes, thank you...
After spending countless hours reading through your thread I would like to congratulate you on the immense progress you have made. I've noticed many a times you've discredited your trading knowledge in the past due to being new to the game, but I cant say I've seen many new folk put in as much effort to learn and grow as you have. No matter what others say I think a lot can agree that you have earned a lot of respect being open to other voices and as a result have created something that I believe wi have a strong presence in many trading arsenal's. Anyway, very well done I look forward to showing my take on your new additional indicator.

All the best.
  • #2,677
  • Jun 8, 2019 8:32am Jun 8, 2019 8:32am
Quoting robots4me
{quote} @Robot Trader -- I'm not sure if you are serious or not. 'Root' means to cheer. It also refers to that portion of a plant or tree that extends underground and keeps it from falling over. There is also 'route' -- which is a path. Sounds like it was a bad example for pronunciation -- I'll remove it.
Yes I was letting you know what Root meant in OZ, so you will see it could be quite offensive

http://www.koalanet.com.au/australian-slang.html
Some people say I'm lucky, but the more I practice the luckier I get
  • #2,678
  • Jun 8, 2019 8:34am Jun 8, 2019 8:34am
Quoting Robot Trader
{quote} Yes I was letting you know what Root meant in OZ, so you will see it could be quite offensive http://www.koalanet.com.au/australian-slang.html
I bloody love aussie slang. Have such creative and somewhat hilarious terms I especially like skits and fken oath.
  • #2,679
  • Jun 8, 2019 1:36pm Jun 8, 2019 1:36pm
Quoting Robot Trader
{quote} Yes I was letting you know what Root meant in OZ, so you will see it could be quite offensive http://www.koalanet.com.au/australian-slang.html
@Robot Trader -- oh, I see. Thanks for the heads-up. I cleaned-up my previous post.
  • #2,680
  • Edited 4:00pm Jun 8, 2019 3:38pm | Edited 4:00pm
IRUTM TMA Reversal Trading System (Part 4 of 6)

I've uploaded the new MM-IRUTM-TradingIndi.ex4 indicator to the "Custom Indicators for TMA-ADR Reversal Trading and BBMA" thread. It is bundled in a *.zip file along with other indicators and can be found in Post #1. Here's a link:
https://www.forexfactory.com/showthread.php?t=920925

Attached Image (click to enlarge)
Click to Enlarge Name: IRUTM-settings-01.png Size: 93 KB


The indicator is easy to use and interpret. And, of course, there is no harm in attaching additional indicators to your chart. I wish to emphasize again the indicator generates candidate signals for reversal Entries. You are still on your own for Exits, but it looks good for Entries.

The settings are straightforward, but I'll provide several brief descriptions here:
1. There is a setting to enable / disable alerts -- this includes push notifications. I don't use that feature myself and, so, haven't tested it. If you encounter any problems please let me know.
2. Fraction of ADR -- acts as a filter. Default value is 0.75. This is a threshold below which we are most interested in. If you are not familiar with why I find this interesting then please refer back to post #2300 and @rosalieone's original observation.
3. Daily cutoff hour -- also acts as a filter and is related to 'Fraction of ADR'. For many pairs (but not all) a reversal occurs before the end of the London session. Default value is 1600 -- which means potential Entries that occur after 1600 are ignored.
4. Number of days to average -- this is used when calculating the ADR. The default is 20 days.

When I first glance at the chart there are 3 things that catch my eye:
1. The overlayed M1 TMA bands. These act as "Target Zones". You will be trading away from them.
2. Blue or purple dots -- which are candidate signals.
3. The shadow region -- this shows that portion of the day where the Fraction ADR was less than the threshold (e.g. 0.75)

to be continued...
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