DislikedIRUTM 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.Ignored
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Money management: Capital needed per 0.07 USD per microlot 0 replies
The Volume Detective 411 replies
DislikedIRUTM 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.Ignored
DislikedIRUTM 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 {image} 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...Ignored
Disliked{quote} Excellent work. Looks really good. Do you intend to make any of the indicator values available to iCustom?Ignored
Disliked{quote}ess Well done maestro. Thanks. Food for the week end. Next week i will come with some more. CheersIgnored
Disliked{quote} @nigpig -- I've mentioned before I don't want to be the guy to release an EA. But if someone else would be willing to take responsibility then I would consider it -- especially if they promised to make it public. I don't like this inner-circle BS. I was about to write another post about this system's weakness, which might need to be addressed in an EA. I know nothing about money management -- but if you have some experience in that realm and could include that in an EA then please let me know.Ignored
Disliked{quote} Hi Robots4Me, Just spent the last hour messing around with the new addition and I have a theory that I believe will further prove your point that reversals occur an extremely high percentage of the time during the ADR shadows. Would it be possible to have the shadows and M1 TMA lines extend all the way back like the larger TMA lines? As I would like to attach a few screenshots to further prove what you've preached. Cheers!Ignored
QuoteDislikedWould it be possible to have the shadows and M1 TMA lines extend all the way back like the larger TMA lines?
Disliked{quote} {quote} Yes -- please. I'm not sure I understand what you are describing. A few screen shots would be super!!Ignored
Disliked{quote} {quote} Yes -- please. I'm not sure I understand what you are describing. A few screen shots would be super!!Ignored
Disliked{quote} He is saying the M1 TMA bands are too short. He want the bands being plotted for many bars back in historyIgnored
Disliked{quote} As Merka stated would it be possible to have the ADR shadow and M1 TMA plotted 'X' amount of bars, or would this cause crashing from too much memory being extracted? I only ask as I've been a longtime follower of harmonics and have an interesting take on using the overlaying trend, the tops and bottoms taking out stops and orders as a means of continuation & your new addition that I believe could push aside a fair few false signals.Ignored
Disliked{quote} @Merka -- I see. The problem comes when mixing multiple time frames. Consider an H1 chart with 1000 bars. Do you know how many M1 bars you would need to overlay all 1000 H1 bars? That's right -- 60000. The indicator would become dog slow. For trading purposes you really only need the most recent data -- which is why I didn't compute M1 TMA bands all the way back. Now -- if there was a compelling reason to go back further, then sure. BTW, the default MaxBars is 1000. If someone wants to go back further they can increase that number.Ignored
Disliked{quote} I agree 1000 bars is perfectly enough when live trading, I was just curious if it was possible to show the M1 TMA further back as a means of proving my theory correct and so forth.Ignored
Disliked{quote} @YoungET -- there is a 'MaxBars' setting -- the default is 1000. On an M15 chart I found I could increase it to 3000 and that still worked. But when I tried 4000 then I started to get "array out of range" errors. So, maybe try 2000 or 3000 and see if that gets you far enough back. With regards to the ADR shadows -- the shadow always starts at the beginning of the trading day (i.e. 0000) and extends until 0.75 ADR is reached. You can adjust the Fraction ADR in the settings dialog.Ignored
Disliked{quote} Appreciate the suggestions, the max bars was perfectly fine at 1000, was just curious if the M1 TMA could have been alot longer but as I suspected it would take far too many resources to do so. As for the ADR shadow setting at 0.75 this was played around with by Rosa and shown that 0.75 was a more than sufficient setting wasn't it?Ignored
QuoteDislikedAs for the ADR shadow setting at 0.75 this was played around with by Rosa and shown that 0.75 was a more than sufficient setting wasn't it?
Disliked{quote} Appreciate the suggestions, the max bars was perfectly fine at 1000, was just curious if the M1 TMA could have been alot longer but as I suspected it would take far too many resources to do so. As for the ADR shadow setting at 0.75 this was played around with by Rosa and shown that 0.75 was a more than sufficient setting wasn't it?Ignored
Disliked{quote} @YoungET -- another thing occurred to me. If you are looking for more bars to test your theory then how about experimenting with a variety of different pairs and / or time frames. I mean, if you wish to test a theory against 10000 bars then what difference does it make if it is 10000 bars from EURUSD/M15 or 1000 bars each from 10 different pairs. You're just looking to confirm that your theory works against a variety of different bar patterns. Yes -- not all pairs are the same, but if the difference between pairs kills your theory then the...Ignored
Disliked{quote} R4m, spot on. If different timeframes kills the theory then again the theory may not be sufficiently robust. Problem with different market types(bull/bear, trending, ranging, consolidation, etc) and so on... The standard measure must be for all trading assets, all types of markets and all timeframes - it must perform just the same. For the theory to be valid. Do such a universal thing exist ? Big YES. That's one huge reason why I don't subscribe to any form of manual process, example manually drawing lines and discretionary trading.Ignored
Disliked{quote} @YoungET -- another thing occurred to me. If you are looking for more bars to test your theory then how about experimenting with a variety of different pairs and / or time frames. I mean, if you wish to test a theory against 10000 bars then what difference does it make if it is 10000 bars from EURUSD/M15 or 1000 bars each from 10 different pairs. You're just looking to confirm that your theory works against a variety of different bar patterns. Yes -- not all pairs are the same, but if the difference between pairs kills your theory then the...Ignored
Disliked{quote} what are you doing are you okay or crazy you a complete fool to show the bands and the levels supposed to keep silent you want to be the hero or what ??? displaying publicly to the MM what we doing ,,,, we are very very disappointed by your behaviour ,,, your actions show what kind of a fool you are doing that ,,,, YOU ARE OBVIOUSLY VERY EGOTISTIC ,,,, you be careful cause FOREX FACTORY big brother watching you be smart not a fool a do not care if you blocked me but had to tell you what sort of individual you are, big shoot or the million...Ignored