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Extreme TMA System

  • #1,421
  • Feb 28, 2012 3:03am Feb 28, 2012 3:03am
I noticed something about the tmaslope , i took a screen shot of my 15m chart a few hours earlier. I've highlighted the areas with the white circles, besides the obvious change in color , why aren't the tmaslope levels the same ? since the candles have already closed and for quite some time as well.
Attached Image (click to enlarge)
Click to Enlarge Name: tmaslope15m2.jpg Size: 92 KB
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,422
  • Feb 28, 2012 3:18am Feb 28, 2012 3:18am
Quoting FXnitroC
Please can you give your live example here how you did it .

thanks
On the GBPJPY chart you see my live short trade.
It has a TakeProfit but no StopLoss.

At the swing high everybody would place the StopLoss, but instead
I placed a pending LONG order there.
It has no StopLoss and no Take Profit.

From here the market can do whatever it will do and nobody in the world knows what it will do, but I am without stress because of the pending order.
I will never get a margin call or a big drawdown if market goes against me.

Only thing which I donīt have right now is a OCO script or EA.
If the short position hits TakeProfit, the pending LONG must be deleted of course.

http://i.imgur.com/GJ9hN.jpg
  • #1,423
  • Feb 28, 2012 3:28am Feb 28, 2012 3:28am
Quoting Favorite
That is very interesting!
It is an interesting system. I am evaluating hedging on the side at the moment. It still involves timing and it is not as preplanned as Recovery.

I will continue using the Recovery method, because it is simple, with clear steps involved and has worked for me every time up to this moment.
Observation is the path to discovery.
  • #1,424
  • Feb 28, 2012 3:30am Feb 28, 2012 3:30am
Quoting kessity
al thank u so much...pls can one trade this on the daily chart...not chance because of my job
Yes. It works. I canīt say it is as profitable but a close person to me who trades it this way says it is. I have not tested it personally.
Observation is the path to discovery.
  • #1,425
  • Feb 28, 2012 3:31am Feb 28, 2012 3:31am
Quoting 4rx
After 90++ pages.... I would like to give a big THANK YOU to Al for sharing your system...knowledge and experience with all of us in FF

Making green pips is much easier now
Thanks. I appreciate your words.
Observation is the path to discovery.
  • #1,426
  • Feb 28, 2012 3:36am Feb 28, 2012 3:36am
Quoting Jemook
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.
I actually have one patient in intensive care (Recovery) right now (UsdChf). It is doing nicely and soon should move to BE allowing me to close the trade. The drawdown was over well 100 pips at one time. Now after entering another position at -100 pips, the total position is only down -48 pips and improving.

Iīve already discussed the strategy several times in detail. Search my posts and you will find it.
Observation is the path to discovery.
  • #1,427
  • Feb 28, 2012 3:38am Feb 28, 2012 3:38am
Quoting fxtr51
On the GBPJPY chart you see my live short trade.
It has a TakeProfit but no StopLoss.

At the swing high everybody would place the StopLoss, but instead
I placed a pending LONG order there.
It has no StopLoss and no Take Profit.

From here the market can do whatever it will do and nobody in the world knows what it will do, but I am without stress because of the pending order.
I will never get a margin call or a big drawdown if market goes against me.

Only thing which I donīt have right now is a OCO script or EA.
If the short position hits TakeProfit,...
Ok . please correct me if i'm wrong on this scenario

what would happened if your pending order activated and the price reverse to your original direction (down ) . it will take your first position out with your Take profit but the second order will draw down your margin since it have no predetermine TP of SL .

am i right ?

thanks
  • #1,428
  • Feb 28, 2012 3:41am Feb 28, 2012 3:41am
Quoting flaw
Hi, I'm a little confused, which TMA slope indicator should we use?
I am right now using EasyRyderīs 1.2 version. Iīm posting them below. They work great. Iīll be adding them to the packet.zip file during the day. I was waiting to see if he was able to make the color changes I requested, but I think Iīll add it anyway, because it is almost perfect.
Attached File(s)
File Type: ex4 TmaSlope.v1.2.ex4   5 KB | 699 downloads
File Type: mq4 TmaSlope.v1.2.mq4   5 KB | 714 downloads
Observation is the path to discovery.
  • #1,429
  • Feb 28, 2012 3:44am Feb 28, 2012 3:44am
Quoting nitrate73
I wonder if divergence on the tmaslope means anything .. still observing, great work by Alfredo and his fellow contributors ..
That is an excellent point !! I am a faithful believer in divergence. This is a new spin to it but it makes sense. You have a higher price while at the same time the slope is decreasing. You may have invented something new. I will keep my eye on it going forward. Thanks.
Observation is the path to discovery.
  • #1,430
  • Feb 28, 2012 3:45am Feb 28, 2012 3:45am
Quoting normtold
Hello Al,

I am up to page 31 so far so hope you don't mind me posting a chart for your analysis when you get time, thanks.

GU M15 price pierced outer band, bounced off R1, exteme bear spike appeared (but weaker white line), MA crossover histogram was red (changing between red and blue now) TMA slope 0.26.
Looks great to me.
Observation is the path to discovery.
  • #1,431
  • Feb 28, 2012 3:48am Feb 28, 2012 3:48am
Quoting nitrate73
I noticed something about the tmaslope , i took a screen shot of my 15m chart a few hours earlier. I've highlighted the areas with the white circles, besides the obvious change in color , why aren't the tmaslope levels the same ? since the candles have already closed and for quite some time as well.
Because price kept rising, making the TMA repaint higher. That is reflected in the TMA Slope indicator as well. Yesterday, we were wondering if the TMA Slope indi repainted. Now we know it does. As the TMA repaints, so does the slope indicator.
Observation is the path to discovery.
  • #1,432
  • Feb 28, 2012 3:55am Feb 28, 2012 3:55am
Quoting fxtr51
On the GBPJPY chart you see my live short trade.
It has a TakeProfit but no StopLoss.

At the swing high everybody would place the StopLoss, but instead
I placed a pending LONG order there.
It has no StopLoss and no Take Profit.

From here the market can do whatever it will do and nobody in the world knows what it will do, but I am without stress because of the pending order.
I will never get a margin call or a big drawdown if market goes against me.

Only thing which I donīt have right now is a OCO script or EA.
If the short position hits TakeProfit,...
Yes. Favorite came up with this hedging strategy a couple of days ago. The only problem it has in my view is if the long is triggered and price reverses in the original direction, you will not profit from your short. It is common to have repeated spikes before the trade moves in your favor, so this situation can happen. I still like it better than a normal stop loss where your money is gone for good if its triggered.

My favorite is still recovery, but I acknowledge it is not a strategy that fits everyoneīs psyche.
Observation is the path to discovery.
  • #1,433
  • Feb 28, 2012 3:58am Feb 28, 2012 3:58am
Quoting Alorente
Because price kept rising, making the TMA repaint higher. That is reflected in the TMA Slope indicator as well. Yesterday, we were wondering if the TMA Slope indi repainted. Now we know it does. As the TMA repaints, so does the slope indicator.
Ok noted Al, i just installed the 1.2 ver of the TMAslope u attached earlier. Gonna observe both versions for a while. Thanks for the replies. Cheers !

Oh i forgot to ask , the settings for the 1.2 are still the same as the first version right ?
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,434
  • Feb 28, 2012 4:01am Feb 28, 2012 4:01am
Active trades right now:

EurUsd +7 pips

GbpUsd +2 pips

GbpJpy -9 pips

Gold +7 pips

S&P500 +2 pips

From Yesterday:

UsdCad -28 pips

AudUsd +2 pips

From Last Week:

UsdChf -53 pips
Observation is the path to discovery.
  • #1,435
  • Feb 28, 2012 4:04am Feb 28, 2012 4:04am
Quoting nitrate73
Ok noted Al, i just installed the 1.2 ver of the TMAslope u attached earlier. Gonna observe both versions for a while. Thanks for the replies. Cheers !

Oh i forgot to ask , the settings for the 1.2 are still the same as the first version right ?
Yes. The 1.2 paints white the bars below -1.00 and above 1.00, where counter trades are not allowed by the rules. This is really cool.
Observation is the path to discovery.
  • #1,436
  • Feb 28, 2012 4:13am Feb 28, 2012 4:13am
Quoting Alorente
Yes. The 1.2 paints white the bars below -1.00 and above 1.00, where counter trades are not allowed by the rules. This is really cool.
Okie dokie , thanks !
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,437
  • Feb 28, 2012 4:23am Feb 28, 2012 4:23am
Thank you Al. I'll play with it for a while. flaw
Wishing my last name were LESS
  • #1,438
  • Feb 28, 2012 4:32am Feb 28, 2012 4:32am
Al, The colors of slope indicator can be changed in the Colors option. I was going to modify the indi for you, now I don't have to.
Wishing my last name were LESS
  • #1,439
  • Feb 28, 2012 4:50am Feb 28, 2012 4:50am
Quoting flaw
Al, The colors of slope indicator can be changed in the Colors option. I was going to modify the indi for you, now I don't have to.
Thanks,

How about adding the value in a larger font at the right of the Indi where there is plenty of space? Ideally with the value number changing color to reflect the color of the last bar.
Observation is the path to discovery.
  • #1,440
  • Feb 28, 2012 4:52am Feb 28, 2012 4:52am
Closed GbpJpy +55
Observation is the path to discovery.
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