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LazyHashi: TMMS - Trading Made More Simpler

  • #201
  • Jan 8, 2020 9:58am Jan 8, 2020 9:58am
It could also be done using Stoch (at least more or less)
As long as the indi line is blue on the TF = arrow up on the dashboard
As long as the indi line is brownish on the TF = arrow down on the dashboard

But your smTMMS-Oscillator DB_v-1.0 in its current shape only tells us if price is above or below 50.
So we are missing out on a lot of important information:
I want to know - as precisely as possible - when price on the higher TF changes direction in order to be able to trade in this direction on the lower TF.
And I want to stay in the trade as long as the move continues - hence: down as long as the colour is red/brownish; up as long as the colour is blue.
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  • #202
  • Edited 4:05am Jan 10, 2020 3:51am | Edited 4:05am
Quoting josi
But your smTMMS-Oscillator DB_v-1.0 in its current shape only tells us if price is above or below 50.

Just as an example of what I mean - have a look at EURUSD H1 today.
Although price is clearly going down on H1 the dashboard says that EURUSD is up on H1.
Why? Because the slower line (red) is still above 50.
In this special case the dashboard information isn't helpful but may keep you out of a 10 pip trade.
(Most likely one wouldn't have thought about taking this trade for several reasons but I think it exemplifies a problem).
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  • #203
  • Edited 4:59am Jan 14, 2020 3:09am | Edited 4:59am
Quoting SwingMan
{quote} Yes, it is possible and you can post the indicator. But do you also have the source code? Is it so much better than the TMMS?
I don't want to be a nuisance or waste your time.
Just a few questions:
are you going for the WaveTrendOsc as a basis for an alteration to your fab dashboard?
do you think it is easier to use Stoch 14-3-3 as .mq4 is available (and therefore want to stay with Stoch but change criteria for up and down arrows)?

I didn't hear from you - so I thought I'd check?
  • #204
  • Jan 14, 2020 4:12am Jan 14, 2020 4:12am
Quoting josi
{quote} I don't want to be a nuicance or waste your time. Just a few questions: are you going for the WaveTrendOsc as a basis for an alteration to your fab dashboard? do you think it is easier to use Stoch 14-3-3 as .mq4 is available (and therefore want to stay with Stoch but change criteria for up and down arrows)? I didn't hear from you - so I thought I'd check?
Hi @josi, if I have time I will do something.
But this is not the "Platform Tech" forum where one develops indicators.

I have programmed indicators for TMMA or for other systems so that the signals for an existing system are to get easier or clearer (see #Post 1).
I am not a trader because I don't have time for it and cannot answer your question from practice.
I actually expected that you post a few trades and show us how useful the WaveTrend Oscillator can be. Then I can customize the dashboard for you to trade more easily.
But because I don't trade, I can't make a comparison of indicators.
  • #205
  • Jan 14, 2020 4:47am Jan 14, 2020 4:47am
Quoting SwingMan
{quote} Hi @josi, if I have time I will do something. But this is not the "Platform Tech" forum where one develops indicators. I have programmed indicators for TMMA or for other systems so that the signals for an existing system are to get easier or clearer (see #Post 1). I am not a trader because I don't have time for it and cannot answer your question from practice. I actually expected that you post a few trades and show us how useful the WaveTrend Oscillator can be. Then I can customize the dashboard for you to trade more easily. But because...
Yes, I understand your point of view and I apologize if you feel I misused your thread.
I know how many indicators you have developed over the years.
I thought I had sent enough charts to show what problem the smTMMS-Oscillator DB_v-1.0 poses and how it could easily be tackled (see charts above) to strongly improve the signals of an already fab dashboard - either by changing the Stoch 14-3-3 arrow criterium or use another indi.
As the dashboard is exclusively your work you will have to decide whether you want it improved or not.
I just wanted to give feedback from my daily experience with it - for me it's sort of a pity to have such a brilliant dashboard but cannot trust its signal all the time.
  • #206
  • Mar 1, 2020 4:00pm Mar 1, 2020 4:00pm
Quoting nolex68
{quote} This indicator is very good, it helps me to calculate very quickly. Can you share TMMSRisk-RewardCalculator1.1.mq4 file? I would be very grateful for that.
Here it is.
Attached File(s)
File Type: mq4 smTMMS RR-Calculator_v1.1.mq4   15 KB | 764 downloads
  • #207
  • Mar 15, 2020 9:35am Mar 15, 2020 9:35am
Quoting SwingMan
{quote} Did you test this dashboard? {image} https://www.forexfactory.com/showthr...5#post12409785 https://www.forexfactory.com/showthr...9#post12469549 I do not want to post anything anymore ... After over a thousand downloads of this DB, very few use it, and nobody posts anything.
I try this soo many times but this not working for me... can someone please help
  • #208
  • Mar 16, 2020 12:24pm Mar 16, 2020 12:24pm
Quoting Ismail3
{quote} I try this soo many times but this not working for me... can someone please help

Hi Ismail,

put indicator in expert folder and not indicator folder , it will work. just check it. it works for me and all out here..... All thanks to SwingMan. still doubt repost issue with screen shot of indicator panel

Happy trading.
  • #209
  • Mar 20, 2020 7:33pm Mar 20, 2020 7:33pm
Quoting SwingMan
New Version "smTMMS-RobinHood DB_v2.2" You can now adjust the colors for the arrows and for highlighting the fields with convergent signals. {image} {image} {file}
Hi Swingman,

I have tried to attach the Dashboard v2.2, it just removed by itself. Also, I have put all the indicators in the indicators folder, what did I do wrong?
  • #210
  • Mar 20, 2020 7:37pm Mar 20, 2020 7:37pm
Sorry, found the answer fewer post up. Thanks Swingman for the Dashboard indicator.
  • #211
  • Apr 16, 2020 3:22am Apr 16, 2020 3:22am
Hello Swingman.
I have a problem with the smTMMS-Robinhood DB_v2.2.
1 Is it possible, to insert the pair manually, because i cannot remove the pairs without sufflix in my marketwatch and the EA insert all the pairs who are there.
2 It is possible to change the timeframe width, but for the pairs its not there and i need that, because they are to small for the pairs with Sufflix.

Have a great day.
Keansajeweki
  • #212
  • Apr 16, 2020 3:29am Apr 16, 2020 3:29am
Quoting keansajeweki
Hello Swingman. I have a problem with the smTMMS-Robinhood DB_v2.2. 1 Is it possible, to insert the pair manually, because i cannot remove the pairs without sufflix in my marketwatch and the EA insert all the pairs who are there. 2 It is possible to change the timeframe width, but for the pairs its not there and i need that, because they are to small for the pairs with Sufflix. Have a great day. Keansajeweki
OK, I had the same problem and couldn't delete the pairs without suffix (Pepperstone live). I will post a new version (if I don't forget ...).
  • #213
  • Apr 16, 2020 4:42am Apr 16, 2020 4:42am
Quoting SwingMan
{quote} OK, I had the same problem and couldn't delete the pairs without suffix (Pepperstone live). I will post a new version (if I don't forget ...).
Thank you, I appreciate it very much!
  • #214
  • Apr 29, 2020 10:11am Apr 29, 2020 10:11am
Hello SwingMan

Thank you for share your knowledge.

I was trying to use the smTMMS, I think the alert doesn't work for short position, Just alert in LONG.

Could you please check the reason.

Thank you
  • #215
  • Apr 30, 2020 4:20am Apr 30, 2020 4:20am
Quoting parisboy
Heikin Ashi is a tool for Lazy Traders wishing to underline the Trend(s) Logically and rationally this leads you to use Waves and Cycles and to hierarchize them. Otherwise it is just cosmetical {image}
Hi,

Could you share the complete ENVELOPES sets ?
  • #216
  • Apr 30, 2020 4:52am Apr 30, 2020 4:52am
Quoting ardalan91
... I was trying to use the smTMMS, I think the alert doesn't work for short position, Just alert in LONG. Could you please check the reason. Thank you
Do you mean the DB?
  • #217
  • Apr 30, 2020 12:34pm Apr 30, 2020 12:34pm
Quoting LuizSchiavi
{quote} Hi, Could you share the complete ENVELOPES sets ?
LuizSchiavi look here :

https://www.forexfactory.com/showthread.php?t=709088
  • #218
  • May 1, 2020 5:58am May 1, 2020 5:58am
Quoting parisboy
{quote} LuizSchiavi look here : https://www.forexfactory.com/showthread.php?t=709088
Hi,

Thanks
  • #219
  • Edited 11:32am May 3, 2020 3:40am | Edited 11:32am
Say you have an almost perfect indicator and want to trade swings on H1:
what do you need?
a) directional bias (Where do you get it from? Well, from a higher TF. If you want to enter a trade, for example, on H1 it is important to know what price does on D1 and H4 because if both are in an uptrend, you know that it is fairly safe to buy).
b) entry: you enter when your H1 indicator, for example Stoch 14-3-3, changes directional slope to the direction of your higher TF (so in this case you enter buys as long as D1 and H4 are up, when they change to down you sell etc)
c) exit: you close your trade when your H1 indicator, for example Stoch 14-3-3, changes directional slope away from the direction of your higher TF)
example for directional bias: Stoch 14-3-3 on H1 - so to check what is happening on H4 you'd use 4 times the input value of H1 (because 4 H1 candles make up one H4 candle): that would be 56-12-12 (but that would give you pretty late entries sometimes, so you may want to speed your emulated H4 up a bit and use 56-12-3, instead). If you want longer swings and can stand the drawdown of extended pullbacks psychologically you can use D1 as reference - and do the maths yourself.
With this directional bias in place you get a good idea when price will turn around (except for V-formations that usually takes some time and retesting of former lows or highs + divergences).
But once your HMA+Stoch show confluence you can enter (and re-enter) the trade in the direction of the trend...
Of course, if your indicator for directional bias changes colour whenever slope direction changes all this is easier to spot and makes it easier to (should you want that) stay in the trade as long as bias shows in your direction...
I wouldn't exactly say that
cross 0 (i. e. MACD), cross 50 (i. e. Stoch)
cross 20 (i. e. OS)
cross 80 (i. e. OB)
are utter nonsense (because they are not!) but they never (or hardly ever - because there is always luck) signal a good entry or exit. So random thresholds, like 20 or -20 (see indicator), can't produce structurally valid signals.
It's all about change of slope direction and higher + lower TFs.
Should you use Stoch 5-3-3, for example in scalping, the numbers applicable to your directional bias indicator have to be adjusted accordingly, of course.
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  • #220
  • Edited 9:49am May 5, 2020 9:30am | Edited 9:49am
Changing colour on slope direction change makes it so much easier to see when the trend move starts and ends.
This tool signals directional bias: it tells you when to look for buys and when to look for sells.
Whenever you have a V-formation TR the indicator will be somewhat late, but with normal test and retest of old highs (or lows) you will get very good entries.
(The point, though, is that this colour change cannot only be used for directional bias - here Blau SMI - but also for entry and exit (for example Stoch14-3-3; instead of a colour change when zero is crossed, simply use colour change when slope direction changes - that would also mean that you could do without the HMA as "early warning system" because Stoch-slope-change signals possible price change very early)
only look at this version of the Blau SMI:
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