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Extreme TMA System

  • #1,361
  • Feb 27, 2012 1:16pm Feb 27, 2012 1:16pm
A/u u/c tmas getting steeper. Wat do you reckon Al?
  • #1,362
  • Feb 27, 2012 1:20pm Feb 27, 2012 1:20pm
Quoting Alorente
I was wanting to understand more about recovery. I thought you didn't reenter till around 100 pips drawdown. Please explain when you have time.

I like the comment earlier about you being a true gentleman. You certainly are!

Steve
  • #1,363
  • Feb 27, 2012 1:21pm Feb 27, 2012 1:21pm
Easy Ryderīs TMA Slope works beautifully for all pairs, futures, metals, no matter what number of digits the prices are composed of. He also colored white all the areas above 1.00 and below-1.00, signifying No Counter Trades Allowed. I feel he has done an excellent job. I will not include it in the packet.zip file until tomorrow. I want to make sure that everyone is satisfied with it.

Thanks again, Easy Ryder.
Observation is the path to discovery.
  • #1,364
  • Feb 27, 2012 1:25pm Feb 27, 2012 1:25pm
Quoting Alorente
Exactly. R2 is at 1.0008 so in that area it will be fine.
mmmm..... my tdz pivot settled on gmt time indicates r2 at 1.00105....was it your misreading or have we slight different values due to different brokers?

sorry for bothering you about that , maybe its a stupid question....
  • #1,365
  • Feb 27, 2012 1:26pm Feb 27, 2012 1:26pm
Quoting stevewide
I was wanting to understand more about recovery. I thought you didn't reenter till around 100 pips drawdown. Please explain when you have time.

I like the comment earlier about you being a true gentleman. You certainly are!

Steve
I started recovery with UsdChf when it was -100 pips. Iīve already recovered half of the loss, that is why I am only down -56 pips right now on the trade. I should be able to get this one out of the intensive care unit in the next couple of days.
Observation is the path to discovery.
  • #1,366
  • Feb 27, 2012 1:26pm Feb 27, 2012 1:26pm
Quoting corvogrigio
mmmm..... my tdz pivot settled on gmt time indicates r2 at 1.00105....was it your misreading or have we slight different values due to different brokers?

sorry for bothering you about that , maybe its a stupid question....
I use Fibonacci pivots, so it may be a little different.
Observation is the path to discovery.
  • #1,367
  • Feb 27, 2012 1:29pm Feb 27, 2012 1:29pm
Quoting Alorente
I started recovery with UsdChf when it was -100 pips. Iīve already recovered half of the loss, that is why I am only down -56 pips right now on the trade. I should be able to get this one out of the intensive care unit in the next couple of days.
Thanks; Exciting to see it work out
  • #1,368
  • Feb 27, 2012 1:30pm Feb 27, 2012 1:30pm
Quoting grechmar
A/u u/c tmas getting steeper. Wat do you reckon Al?
Iīm setting the following TP levels for tonight on the open orders:

UsdCad: 1.0010

AudUsd: 1.0720

S&P500: 1361.00
Observation is the path to discovery.
  • #1,369
  • Feb 27, 2012 1:38pm Feb 27, 2012 1:38pm
East Ryder, on closer review, your indicator seems to work perfectly on some of the odd number, pairs, futures, etc., but the rest display one decimal too large. For example: EurUsd shows -2.41 while on the other TMA Slope indi it displays -0.2498. Could you look at it please and see if you can fix it.

Thanks a lot.
Observation is the path to discovery.
  • #1,370
  • Feb 27, 2012 1:39pm Feb 27, 2012 1:39pm
Quoting Alorente
Regarding my post above, I would like to get your input on the "above 0.50 to 1.00" and "below -0.50 to -1.00" grey areas where long trades are not recommended.

My question is:

Should we remove the grey area and make "Above 0.50 Place only long trades" and "Below -0.50 place only short trades".

Please, let me know what you think.

Thanks.

I believe using fixed amounts is not so hopeful,

using average amounts will help us more !

It will use yellow for doubt modes ! lime for strong up and red for strong down.

if slope is under 20 percent of average of lime slopes it is in doubt mode if higher than 20 percent it is a strong mode

like the one attached !

I did not edit the problems with oil gold jpy pairs etc
Attached File(s)
File Type: mq4 TmaSlopeshah.mq4   6 KB | 788 downloads
  • #1,371
  • Feb 27, 2012 1:41pm Feb 27, 2012 1:41pm
Quoting shahrooz67
I believe using fixed amounts is not so hopeful,

using average amounts will help us more !

It will use yellow for doubt modes ! lime for strong up and red for strong down.

if slope is under 20 percent of average of lime slopes it is in doubt mode if higher than 20 percent it is a strong mode

like the one attached !

I did not edit the problems with oil gold jpy pairs etc
I will check this out and compare both of them, Shah.

Thank you.
Observation is the path to discovery.
  • #1,372
  • Feb 27, 2012 1:47pm Feb 27, 2012 1:47pm
Quoting shahrooz67
I believe using fixed amounts is not so hopeful,

using average amounts will help us more !

It will use yellow for doubt modes ! lime for strong up and red for strong down.

if slope is under 20 percent of average of lime slopes it is in doubt mode if higher than 20 percent it is a strong mode

like the one attached !

I did not edit the problems with oil gold jpy pairs etc
Shah, I compared your to Easy Ryders and they look exactly the same except for the colors.
Observation is the path to discovery.
  • #1,373
  • Feb 27, 2012 1:49pm Feb 27, 2012 1:49pm
Easy Ryder, One more request if you would. Could you change the No Counter Trade area color to Cool Grey instead of white. It seems white attracts your eyesight to it too much, and when you have 18 charts on both screens, that could become distracting. Thanks again, bud.
Observation is the path to discovery.
  • #1,374
  • Feb 27, 2012 1:54pm Feb 27, 2012 1:54pm
Quoting Alorente
Shah, I compared your to Easy Ryders and they look exactly the same except for the colors.

Al

They are not the same , i have just checked the Easy Ryders . what i changed is just an easy averaging period for total amounts but EasyRyder changed calculation method!

Good job Easy Ryder
  • #1,375
  • Feb 27, 2012 1:58pm Feb 27, 2012 1:58pm
I want to thank Zznbrm, Easy Ryder and the rest who are working on improving the TMA Slope Indicator. Today was my first day trading with it and I found it to be extremely easy to determine which trades to enter and which not to enter. My results today were strong +241 pips, and I believe part of it has to do with the clarity of this indicator. In the heat of the battle, it is easy to make a mistake entering counter trend when you didnt intend to do so. With this indicator, those mistakes will be a thing of the past. Thanks for a job well done.
Observation is the path to discovery.
  • #1,376
  • Feb 27, 2012 1:58pm Feb 27, 2012 1:58pm
AL.. does easyriders slope indi repaints?
  • #1,377
  • Feb 27, 2012 1:59pm Feb 27, 2012 1:59pm
Differences
Attached Image (click to enlarge)
Click to Enlarge Name: text book example53.gif Size: 16 KB
  • #1,378
  • Feb 27, 2012 1:59pm Feb 27, 2012 1:59pm
Quoting shahrooz67
Al

They are not the same , i have just checked the Easy Ryders . what i changed is just an easy averaging period for total amounts but EasyRyder changed calculation method!

Good job Easy Ryder
īCan you post a picture of both one under the other? I just did it on three charts and they look exactly the same. Maybe Iīm missing something...
Observation is the path to discovery.
  • #1,379
  • Feb 27, 2012 2:00pm Feb 27, 2012 2:00pm
Quoting P.Dean
AL.. does easyriders slope indi repaints?
I donīt think so, but George, why donīt you answer that question yourself. Thanks.
Observation is the path to discovery.
  • #1,380
  • Feb 27, 2012 2:03pm Feb 27, 2012 2:03pm
Quoting shahrooz67
Differences
Thanks. The value on the upper left of the indi looks to be exactly the same and the graphical difference is very minor. I actually look at the value more than anything. By the way, it would be great to have that value displayed a little larger for us old traders...
Observation is the path to discovery.
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