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Extreme TMA System

  • #1,601
  • Feb 28, 2012 1:18pm Feb 28, 2012 1:18pm
The Slope indi is still not signaling exits for EurCad, EurAud, GbpUsd or GbpAud.
Observation is the path to discovery.
  • #1,602
  • Feb 28, 2012 1:24pm Feb 28, 2012 1:24pm
Quoting shahrooz67
Very easy TMA slope divergence indicator in 1 indic

Hope you like it
Shah,

Itīs a good concept, but the lines are not signaling the correct bars. It should signal ONLY bars that are dropping when price is rising and ONLY bars that are rising when price is dropping. If you can accomplish that and only that, you would have a winner. In your indi, many wrong bars are marked, for example when both price and bars are dropping and when both price and bars are rising.
Observation is the path to discovery.
  • #1,603
  • Feb 28, 2012 1:26pm Feb 28, 2012 1:26pm
Quoting Alorente
Corvo,

Look at the EurUsd chart below. See how the indi dropped continuosly for the 6 hours prior to the fast down move. Look also how it turns up on the bar before the bottom. I am seeing this on all the charts. Which means, IF TRUE that we may not have to worry about exiting until we see a bar turn up on a short or down on a long. Exiting is the most difficult part of trading for me. If this works it would be fantastic.
Yes and I'd add that the down move started at the 1st retest of the 2atr TMA band, while a bear spike appeared! the more I watch this the more I like.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture04.PNG Size: 134 KB
  • #1,604
  • Feb 28, 2012 1:26pm Feb 28, 2012 1:26pm
Quoting Alorente
The Slope indi is still not signaling exits for EurCad, EurAud, GbpUsd or GbpAud.

Will you use divergences for getting exit signals ?!
  • #1,605
  • Feb 28, 2012 1:28pm Feb 28, 2012 1:28pm
Quoting Alorente
Shah,

Itīs a good concept, but the lines are not signaling the correct bars. It should signal ONLY bars that are dropping when price is rising and ONLY bars that are rising when price is dropping. If you can accomplish that and only that, you would have a winner. In your indi, many wrong bars are marked, for example when both price and bars are dropping and when both price and bars are rising.

Ok I got it

Seems easy to solve

I do my best
  • #1,606
  • Feb 28, 2012 1:31pm Feb 28, 2012 1:31pm
Quoting shahrooz67
Will you use divergences for getting exit signals ?!
I really canīt believe I am trusting this new indi in order to exit, but I actually am. Normally I would have exited all these trades, but I am holding because I havenīt seen a higher bar yet ion the indi. Even if we see one, the bottom would not occur until the following one or two bars.

You can call this a live money test... Because it is...
Observation is the path to discovery.
  • #1,607
  • Feb 28, 2012 1:34pm Feb 28, 2012 1:34pm
You mean some thing like the image below ?!
Attached Image (click to enlarge)
Click to Enlarge Name: text book example57.gif Size: 17 KB
  • #1,608
  • Feb 28, 2012 1:35pm Feb 28, 2012 1:35pm
Exited GbpAud, EurCad
Observation is the path to discovery.
  • #1,609
  • Feb 28, 2012 1:36pm Feb 28, 2012 1:36pm
Quoting Alorente
Exited GbpAud, EurCad
I exited because the market is totally dead now and it could remain like this for hours, so I took my small profits and called it a day.
Observation is the path to discovery.
  • #1,610
  • Feb 28, 2012 1:37pm Feb 28, 2012 1:37pm
Quoting Alorente
I really canīt believe I am trusting this new indi in order to exit, but I actually am. Normally I would have exited all these trades, but I am holding because I havenīt seen a higher bar yet ion the indi. Even if we see one, the bottom would not occur until the following one or two bars.

You can call this a live money test... Because it is...


AL
I know you surely know, but maybe for newbees

This indicator is very prone to repaint but at the same manner i am a fan of it too !
  • #1,611
  • Feb 28, 2012 1:41pm Feb 28, 2012 1:41pm
I think it is the indicator you desire,

Please check it and let me know the problems

I will remove the previous Indicator

Regards
Attached File(s)
File Type: mq4 TmaSlope.v1.4.mq4   6 KB | 886 downloads
  • #1,612
  • Feb 28, 2012 1:44pm Feb 28, 2012 1:44pm
Todayīs Results:

Closed Trades:

GbpUsd +25 pips

GbpJpy +55 pips

EurUsd +29 pips

AudUsd +17 pips

S&P +50 pips

Usd Cad -16 pips

EurAud +25 pips

Gold BE

EurAud +13 pips

AudNzd -3 pips

EurCad +12 pips

GbpAud +15 pips

Total Closed for Today: +222 pips

Open Trades:

GbpUsd -23 pips

UsdChf -80 pips (In Recovery)

Total this week:

Monday +243 pips

Tuesday +222 pips

Total: +465 pips
Observation is the path to discovery.
  • #1,613
  • Feb 28, 2012 1:50pm Feb 28, 2012 1:50pm
I will only publish my trades real time and end of day results till the end of the week. It takes too much time to do it and I already can barely get a bite to eat.

I am doing it so you can see in real time that the system is very profitable and so you learn when to enter, exit, etc. As I said at the beginning, with practice and experience, you should be able to get over 100 pips a day, full time. I average around 200 pips a day, trading 11 hours.

It takes time to master the system, so donīt get discouraged if your numbers are not coming in close to mine. They will with time.
Observation is the path to discovery.
  • #1,614
  • Feb 28, 2012 1:58pm Feb 28, 2012 1:58pm
Quoting Alorente
I will only publish my trades real time and end of day results till the end of the week. It takes too much time to do it and I already can barely get a bite to eat.

I am doing it so you can see in real time that the system is very profitable and so you learn when to enter, exit, etc. As I said at the beginning, with practice and experience, you should be able to get over 100 pips a day, full time. I average around 200 pips a day, trading 11 hours.

It takes time to master the system, so donīt get discouraged if your numbers are not coming in...
Thanks Al - the real time trades have been invaluable in seeing how the system works!
Make things as simple as possible, but not simpler!
  • #1,615
  • Feb 28, 2012 2:07pm Feb 28, 2012 2:07pm
Hi Al,

Have been here all day and watched you call the trades and trade them, I was also in the Gold trade and got out with +10 pips, I've really enjoyed the experience.

Cheers,

Eamonn.
  • #1,616
  • Feb 28, 2012 2:13pm Feb 28, 2012 2:13pm
Quoting SoF29
Thanks Al - the real time trades have been invaluable in seeing how the system works!
SUBSCRIBE
  • #1,617
  • Feb 28, 2012 2:17pm Feb 28, 2012 2:17pm
Thanks for posting your results. 200 a day will get anyone wealthy pretty quickly depending on account balance and risk/lot size. 100 pips per day is plenty for beginners and experienced traders alike. Actually 100 pips a day is rare for even the most touted gurus systems.

Loving this method as I was only trading Daily and 4H before now. I feel more in control with this and that makes trading much more enjoyable. I really think an EA would be great with this now that I have seen it in action for a week. Of course there is no substitute for the human mind but an EA would be better than nothing when we can't be around the computer.

Oh by the way, what are your hours of trading? I am EST and want to compare to my time. It appears that your time is about 5AM to 4 PM EST. Is that right?


Quoting Alorente
I will only publish my trades real time and end of day results till the end of the week. It takes too much time to do it and I already can barely get a bite to eat.

I am doing it so you can see in real time that the system is very profitable and so you learn when to enter, exit, etc. As I said at the beginning, with practice and experience, you should be able to get over 100 pips a day, full time. I average around 200 pips a day, trading 11 hours.

It takes time to master the system, so donīt get discouraged if your numbers are not coming in close...
  • #1,618
  • Feb 28, 2012 2:18pm Feb 28, 2012 2:18pm
Al: your helping me in real time seeing how fast you enter and how long you hold and where you exit...and much more how easy you handle yourself.

Best lessons I've had in a long time.

Thanks for so much,

Steve
  • #1,619
  • Feb 28, 2012 2:22pm Feb 28, 2012 2:22pm
Hi everyone, First post ever at FF.

Congrats Al! Great Thread.
Your way of doing things... you are a true gentleman.

I personally trade Market-Cycles in H4 and M15, and it is unbelievable how Extreme-TMA entries matched with Market-Cycles entries.
Someone wrote that it was impossible for EURUSD to fall, and the TMA system gave a SHORT entry a while ago, and it was also a closing-cycle entry, which is a high-probability strong SELL signal, at least 2/3 down the current M15 cycle near to 3415.

This is just one coincidence, but almost every entry on Extreme-TMA correspond with closing-cycles entries. Very interesting.

Congrats Again Al.
  • #1,620
  • Feb 28, 2012 2:30pm Feb 28, 2012 2:30pm
Quoting MMGood47
Thanks for posting your results. 200 a day will get anyone wealthy pretty quickly depending on account balance and risk/lot size. 100 pips per day is plenty for beginners and experienced traders alike. Actually 100 pips a day is rare for even the most touted gurus systems.

Loving this method as I was only trading Daily and 4H before now. I feel more in control with this and that makes trading much more enjoyable. I really think an EA would be great with this now that I have seen it in action for a week. Of course there is no substitute...
I start trading at 3 EST (London Market) and end, or try to end by 4 EST when the US stock market closes.

I will think about the EA. It will be nowhere close to the results that I spoke about because I check many other things, like Support and Resistance level proximity, etc.
Observation is the path to discovery.
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