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Extreme TMA System

  • #1,381
  • Feb 27, 2012 4:04pm Feb 27, 2012 4:04pm
Quoting Alorente
I donīt think so, but George, why donīt you answer that question yourself. Thanks.
thanks al, my own assumption is that it also don't.

thanks to George, it looks good brother.
  • #1,382
  • Feb 27, 2012 4:04pm Feb 27, 2012 4:04pm
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
Thank you Shah, your Tmaslope indy looks good in my charts also in jpy pairs.

ciao
Sabrina
  • #1,383
  • Feb 27, 2012 4:11pm Feb 27, 2012 4:11pm
Quoting Alorente
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...

the values are exactly the same ! becuase they both follow a same method of calculation and it should be the same !


what make these different from each other is the method of calculating zones of both side tradings !(long and short)

if you care just about the amount values ! they are totally the same !


but the values you are looking for (+.5 or -.5 in your fixed ways and the values in the right top corner of attached picture ) are the one with stupid flashesh !

Thanks for you attention
Attached Image (click to enlarge)
Click to Enlarge Name: text book example54.gif Size: 17 KB
  • #1,384
  • Feb 27, 2012 4:12pm Feb 27, 2012 4:12pm
You are correct, Al. I believe the attached revision corrects all known problems.

George

Quoting Alorente
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.
Attached File(s)
File Type: mq4 TmaSlope.v1.2.mq4   5 KB | 869 downloads
File Type: ex4 TmaSlope.v1.2.ex4   5 KB | 650 downloads
  • #1,385
  • Feb 27, 2012 4:13pm Feb 27, 2012 4:13pm
There is a nice space to the right of the indicator that is not being used, where it would be great if we could have the value of the TMA Slope displayed in a large font in a similar way to the way that price is displayed on the top right of the chart, and maybe in the same color as the current bar of the graph. If possible, that would be nice. Thanks.
Observation is the path to discovery.
  • #1,386
  • Feb 27, 2012 4:13pm Feb 27, 2012 4:13pm
Quoting EasyRyder
You are correct, Al. I believe the attached revision corrects all known problems.

George
Thanks, George.
Observation is the path to discovery.
  • #1,387
  • Feb 27, 2012 4:25pm Feb 27, 2012 4:25pm
Quoting EasyRyder
You are correct, Al. I believe the attached revision corrects all known problems.

George
OK. This is getting there. The values are now correct. If we could just use Cool Grey instead of White for the No Counter Trade areas and print the value in a larger font in the space to the right of the indi as I requested before, I think we will have a perfect final version until Crodzilla (Carl) comes up with his Extreme TMA Dashboard, which I for one, canīt wait to see.
Observation is the path to discovery.
  • #1,388
  • Feb 27, 2012 4:26pm Feb 27, 2012 4:26pm
EasyRyder beat me to it. I was just going to recommend that people must be careful when saying .1 or .5 is a certain degree level. That is not a correct assumption.

EasyRyder has pointed out the indicator levels depend on the range or Tick values of prices.

His correction should fix the 3 digit prices, but as far as degrees prices are moving, is a whole other story.

If you follow any Gann techniques, you will understand. MT4 price charts are not set up to measure degrees of price movement.

The TMA slope indicator parameters have to be adjusted as Al has mentioned, which is eyeballing, whether TMA slope is neutral or not.

In actuality, I think things are getting out of hand with the TMA slope indicator. Keep things simple.

Carl

Quoting EasyRyder
Hello Al and all. Been following the thread, although not trading it at this time. Too easy to keep switching from one system to another and not making money.

Al, too you -- nice to see a gentleman running this thread.

I did take a look at TMAslope and the problems that people are having with it. I change the logic used to calculate the tick weight for differt pairs and different brokers. You will find it attached. Note that I compiled it under MT4 Build 409. If you are not using Build 409 or higher, it could crash or hang your system....
  • #1,389
  • Feb 27, 2012 4:26pm Feb 27, 2012 4:26pm
Talk to all of you tomorrow. Sweet dreams everybody.
Observation is the path to discovery.
  • #1,390
  • Feb 27, 2012 4:30pm Feb 27, 2012 4:30pm
Quoting crodzilla
EasyRyder beat me to it. I was just going to recommend that people must be careful when saying .1 or .5 is a certain degree level. That is not a correct assumption.

EasyRyder has pointed out the indicator levels depend on the range or Tick values of prices.

His correction should fix the 3 digit prices, but as far as degrees prices are moving, is a whole other story.

If you follow any Gann techniques, you will understand. MT4 price charts are not set up to measure degrees of price movement.

The TMA slope indicator parameters have to be adjusted...
Carl, I have been trading this thing for almost a year, and I can tell you that having that indicator helped me quite a bit today to filter out the potentially bad trades. When you follow a total of 24 charts real time on 3 screens like I do and are 61 years old, making a mistake ainīt that hard.
Observation is the path to discovery.
  • #1,391
  • Feb 27, 2012 4:37pm Feb 27, 2012 4:37pm
Quoting Alorente
Carl, I have been trading this thing for almost a year, and I can tell you that having that indicator helped me quite a bit today to filter out the potentially bad trades. When you follow a total of 24 charts real time on 3 screens like I do and are 61 years old, making a mistake ainīt that hard.
I understand what you are saying.

I agree that the TMA is essential. I just think people are thinking too much into it, as far as how much it should slope, etc.
  • #1,392
  • Feb 27, 2012 4:41pm Feb 27, 2012 4:41pm
Quoting EasyRyder
You are correct, Al. I believe the attached revision corrects all known problems.

George


Excellent work

Happy pipin every one

Good night
  • #1,393
  • Feb 27, 2012 4:48pm Feb 27, 2012 4:48pm
Out of my positions: AU.US : +20pips
US.CA: +7pips

Gn al and everybody.
  • #1,394
  • Feb 27, 2012 4:50pm Feb 27, 2012 4:50pm
please, a brief summary of how it is interpreted TMAslope2.
thanks
Humble & Kalcker CLO2 = Covid killer
  • #1,395
  • Feb 27, 2012 4:55pm Feb 27, 2012 4:55pm
Now you can see why it is best to not share source code during the development phase of a strategy...too many cooks in the kitchen.

Quoting jusiur
please, a brief summary of how it is interpreted TMAslope2.
Non-repainting version of the TmaSlope.
  • #1,396
  • Feb 27, 2012 8:03pm Feb 27, 2012 8:03pm
Al,

Last week I placed an order for GPB/USD to go short on Feb 24th. The trade went against me and I was stopped out. I looked back at the trade and if I had used the recovery method, I could have gotten out at break even or made a profit if I chose to stay in the trade long enough. This method is gaining my interest if I can just convince myself to do it.

Biganc
  • #1,397
  • Feb 27, 2012 8:09pm Feb 27, 2012 8:09pm
Quoting biganc
Al,

Last week I placed an order for GPB/USD to go short on Feb 24th. The trade went against me and I was stopped out. I looked back at the trade and if I had used the recovery method, I could have gotten out at break even or made a profit if I chose to stay in the trade long enough. This method is gaining my interest if I can just convince myself to do it.

Biganc
I'm looking forward to hearing Al's take on using the recovery system with this strategy. I'll be holding off on recovery trades until he explains it in his words.
  • #1,398
  • Feb 27, 2012 8:44pm Feb 27, 2012 8:44pm
Quoting EasyRyder
You are correct, Al. I believe the attached revision corrects all known problems.

George
How 'bout a nice neat histogram like the MA crossover Indy?




cheers
  • #1,399
  • Feb 27, 2012 8:45pm Feb 27, 2012 8:45pm
Most profitable system ive ever used. I simply find nice resistance or support entry when price moves outside bands...wala...easy money...thanks alot.

I use the 1 hour chart and love it.

will
  • #1,400
  • Feb 27, 2012 8:49pm Feb 27, 2012 8:49pm
Quoting goldsurfer
How 'bout a nice neat histogram like the MA crossover Indy?




cheers

I've just made all the colours on the indicator the same as the background colour and I just look at the number in the bottom right for TmaSlope. Looks much neater.
Attached Image (click to enlarge)
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