LazyHashi: TMMS - Trading Made More Simpler | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EA trading based on Candle - need help to get it simpler 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

I'm tired of reading "I'd have made more but I made mistakes." 16 replies

A simpler way? (limiting trading times) 2 replies

Is there any trading method that is more simpler than this ? 8 replies

Attachments: LazyHashi: TMMS - Trading Made More Simpler
Exit Attachments

LazyHashi: TMMS - Trading Made More Simpler

  • #221
  • Edited 9:35am May 6, 2020 9:09am | Edited 9:35am
Dear swingman, I don't know whether you looked at my suggestions at all, but this is what slope would have looked like
over the last few days:
vertical lines across screen: directional bias (slow Blau)
vertical lines subwindow: entries: red - sell; blue - buy (fast Blau)
exit: when slow Blau changes colour
I didn't use a histo-indicator (as you do in yours because I can't change the histo bars colour when slope direction changes - but you could, of course)
Just look at the trade entries and see for yourself, if my suggestions don't produce better entries:
(by the way: it is still the same currrency screenshot as the two screenshots before; it is just that time has moved on)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 30 KB
Click to Enlarge Name: GBPNZDH2.png Size: 57 KB
  • #222
  • May 6, 2020 1:36pm May 6, 2020 1:36pm
Quoting josi
...this is what slope would have looked like over the last few days: vertical lines across screen...
The idea is good, but as you know I'm not a trader to use it ...

The vertical lines are OK, but there are still some changes in slope between these lines. How should one avoid "wrong" entrys?
  • #223
  • May 7, 2020 1:08am May 7, 2020 1:08am
Quoting SwingMan
{quote} The idea is good, but as you know I'm not a trader to use it ... The vertical lines are OK, but there are still some changes in slope between these lines. How should one avoid "wrong" entrys?
1. I think if you use directional bias (slow Blau) as a pre-filter (ONLY buy OR sell signals as long as the slow indicator moves in one direction) - many "false" entry-signals will only be early signals and can be counteracted by a wider SL.
(I want to make it clear that I used the fast Blau only as a demonstration object - your Stoch-histo would remain in place for entries, albeit using a totally different bar-colouring - or a "fattish" outer line around the bars - the one that is now a thinnish grey, I think - that signals slope change through colour change).

2. If you are wondering about the directional bias (slow Blau) itself:
The simplest and easiest way to avoid them is by applying a filter to the slope lines (i. e. slowing it down).
Having said that: it is impossible to filter out all false signals + a filter mostly means delayed entry (so there is a price to pay).
So one option is: you leave it (slow Blau) as it is - and decide case by case, i. e. signal by signal, by looking at the screen and asking yourself which is the OVERALL direction.
(the same thing - by the way - you have to do all the time using the trading-made-simple-indicator which doesn't even automatically rule out countertrend trade-signals).

3. I am well aware that this isn't perfect but I think it is a decisive improvement on the "original" and that alone justifies its tweaking - because who on earth would want a worse indicator if he can have a better one (even if you're not trading yourself it is your product and - having seen and used your work for quite some time - I don't see you as someone who doesn't care about signal quality).

4. Once refined to reflect slope direction - I'm sure it could and would have to be further tweaked and retweaked but on a logical basis (emulation of higher TFs) instead of using gut feelings.

5. Of course, as always, there's nothing in it for you except extra work (blood, sweat and tears), so it wouldn't surprise me if you weren't interested.
all the best - as always
  • #224
  • May 7, 2020 3:42am May 7, 2020 3:42am
Quoting josi
...there's nothing in it for you except extra work ...
Nooo, I'm too lazy!
  • #225
  • May 7, 2020 3:52am May 7, 2020 3:52am
Quoting SwingMan
{quote} Nooo, I'm too lazy!
You certainly aren't too lazy - but everyone got his/her reasons.
One does wonder - however - why you made me spell it out (if it never interested you)?
all the best
  • #226
  • May 7, 2020 4:44am May 7, 2020 4:44am
Quoting SwingMan
{quote} Do you mean the DB?
thank you Swingman, I meant the smTMMS Oscillator when the threshold alert is true, it only alerts for LONG, am I right?
Attached Image


is it possible to check?

Thank you Swingman
  • #227
  • May 7, 2020 5:29am May 7, 2020 5:29am
Quoting josi
...One does wonder - however - why you made me spell it out (if it never interested you)? all the best
Time only allows me to program, not to trade.

For this reason it is not possible for me to program something as you write, with "extra work (blood, sweat and tears)" to "decide case by case, i.e. signal by signal, by looking at the screen and asking yourself which is the OVERALL direction. "

That's all.

But if you post from time to time trades with your idea and parameters, maybe I will find a solution to the existing indicator or to adapt a new one if desired.
  • #228
  • May 7, 2020 5:38am May 7, 2020 5:38am
Quoting ardalan91
...I meant the smTMMS Oscillator when the threshold alert is true, it only alerts for LONG, am I right? Is it possible to check? Thank you Swingman
OK, I'm going to test. In the source code everything is fine, maybe there is a little problem somewhere.

Inserted Code
//--- Last bar; Alerts at previous bar
   i=0;
   if(newBar==true)
     {
      //--- LONG Alert
      if(oscAlert[i+2]==EMPTY_VALUE && oscAlert[i+1]==1 && oscSignal[i]==EMPTY_VALUE)
        {
         SendAlerts(i,OP_BUY,Symbol(),Period());
         oscSignal[i]=1;
        }
      else
         //--- SHORT Alert
         if(oscAlert[i+2]==EMPTY_VALUE && oscAlert[i+1]==-1 && oscSignal[i]==EMPTY_VALUE)
           {
            SendAlerts(i,OP_SELL,Symbol(),Period());
            oscSignal[i]=1;
           }
     }
  • #229
  • Edited 8:32am May 7, 2020 7:51am | Edited 8:32am
Quoting SwingMan
{quote} For this reason it is not possible for me to program something as you write, with "extra work (blood, sweat and tears)" to "decide case by case, i.e. signal by signal, by looking at the screen and asking yourself which is the OVERALL direction. "
Well that is exactly what you did for Robin Hood's thread, if I am not mistaken.
And for TOTB
And many others
But be that as it may...
I know that my approach produces superior signals to the existing signals of the smTMMSOscillator (under any circumstances).
You could know the same thing if you simply checked entries and exits...
I wish you well...
  • #230
  • May 7, 2020 8:35am May 7, 2020 8:35am
Quoting josi
... I wish you well...
I wish you the same because I can't do it without a fixed algorithm to program "decide case by case, i.e. signal by signal, by looking at the screen and asking yourself which is the OVERALL direction. "
  • #231
  • May 7, 2020 9:13am May 7, 2020 9:13am
Quoting SwingMan
{quote} I wish you the same because I can't do it without a fixed algorithm to program "decide case by case, i.e. signal by signal, by looking at the screen and asking yourself which is the OVERALL direction. "
2nd time around:
the quote is taken out of context - you are no fool, you know this
this quote has nothing whatsoever to do with the the indicator

Look at the signals your smTMMSOscillator 7.2 produces: Do you have to check price on the screen after the signal?
Yes (because your indicator not only gives late signals, it even produces countertrend signals.)
So, before you enter a trade, as a trader you have to
"decide case by case, i.e. signal by signal, by looking at the screen and asking yourself which is the OVERALL direction. "
Because an indicator is not an EA.
I think it is very bad style to make excuses (for whatever reason) based on deliberate misquoting of facts.
Either you have not read all of my posts, or not really thought about their content, or are malicious.
But you have done much for the community so
one last time
all the best
  • #232
  • May 7, 2020 9:46am May 7, 2020 9:46am
Quoting josi
{...I think it is very bad style to make excuses (for whatever reason) based on deliberate misquoting of facts. Either you have not read all of my posts, or not really thought about their content, or are malicious.
A short explanation because I don't have time to talk about trading anymore. One can certainly program a simple indicator, but that is not your goal.

In the chart one can see that in addition to the vertical lines for trend changes, a few lines were drawn in the lower window, and some are missing.
It is the trader's problem to decide why he ignores these lines, but for a programmer it is not. Whether it is EA or just an indicator with signals, it is the same, and it is not possible without rules.

Let's end the topic, it brings no additional information or interest to anyone.
Attached Image (click to enlarge)
Click to Enlarge Name: SMI-Blau.PNG Size: 93 KB
  • #233
  • May 9, 2020 1:12pm May 9, 2020 1:12pm
Quoting SwingMan
{quote} OK, I'm going to test. In the source code everything is fine, maybe there is a little problem somewhere. //--- Last bar; Alerts at previous bar i=0; if(newBar==true) { //--- LONG Alert if(oscAlert[i+2]==EMPTY_VALUE && oscAlert[i+1]==1 && oscSignal[i]==EMPTY_VALUE) { SendAlerts(i,OP_BUY,Symbol(),Period()); oscSignal[i]=1; } else //--- SHORT Alert if(oscAlert[i+2]==EMPTY_VALUE && oscAlert[i+1]==-1 && oscSignal[i]==EMPTY_VALUE) { SendAlerts(i,OP_SELL,Symbol(),Period()); oscSignal[i]=1; } }
Thank you so much, for all of your efforts and awesome indicators.
  • #234
  • May 9, 2020 1:33pm May 9, 2020 1:33pm
Hi

Could you please help me about my arrows they are always like rectangular!!

I know it is not important but is there any solution?
Attached Image (click to enlarge)
Click to Enlarge Name: arrows.jpg Size: 205 KB

Thanks,
Regards
  • #235
  • May 9, 2020 2:41pm May 9, 2020 2:41pm
Quoting ardalan91
Hi Could you please help me about my arrows they are always like rectangular!!
If you need help, please provide complete informations!
To test something I cannot know which instrument you have, which time frame, which date.

I guess it's Gold/Dollar, H1, May 4th.

I can't help because the arrow code only seems to be wrong with you...
In version 7.1, try to enter other codes in lines 195/196 (search in wingdings).
In version 7.2 the lines are 208/209
  • #236
  • May 11, 2020 4:29pm May 11, 2020 4:29pm
Quoting SwingMan
{quote} If you need help, please provide complete informations! To test something I cannot know which instrument you have, which time frame, which date. I guess it's Gold/Dollar, H1, May 4th. I can't help because the arrow code only seems to be wrong with you... In version 7.1, try to enter other codes in lines 195/196 (search in wingdings). In version 7.2 the lines are 208/209
Thank you so much
  • #237
  • May 14, 2020 11:14pm May 14, 2020 11:14pm
Quoting josi
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...
Hi Josi

Please can you share your Blau SMI indicator

Thanks

MK
  • #238
  • May 15, 2020 12:01am May 15, 2020 12:01am
Quoting mkfx
{quote} Hi Josi Please can you share your Blau SMI indicator Thanks MK
You will find as many as you will need there:

https://forex-station.com/viewtopic....8480&t=8415132
all the best
  • #239
  • May 15, 2020 1:04am May 15, 2020 1:04am
Swingman, please when will the MT5 version of SmTMMS Oscillator v7.2 be available?? Thanks
  • #240
  • May 28, 2020 8:39pm May 28, 2020 8:39pm
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.
Hi SwingMan

I am using this DB. It is really as very useful tool . It gives snapshot at the time.. and to find the trade but i have to open charts and see how many candles has already passed for this signal ... or which one is recent.

Please can you solve this issue by creating a another version which can show status on current plus last 4 candles , so total 5 candles of a particular Time frame selected by the user. Basically it will show pictures of 5 candles of a particular time frame ...

I will explain you how it can help me or other traders. Let say i am trading 4 hr time frame than it will show me picture of current plus last 4 so i can see when this signal was generated ... if it is previous 1 or 2 candle , than only i will open the chart ...

It can look like below. Candle "0" means current which has not yet finished .
Attached Image
0 traders viewing now