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Extreme TMA System

  • #1,701
  • Feb 29, 2012 1:49am Feb 29, 2012 1:49am
Quoting Alorente
Iīm not sure I understand you... Do you mean clicking on the charts and have them appear on the dash?


No man.

consider at the moment the first three rules are met by EURUSD and GBPUSD , two rules are met by GBPJPY and 1 rule by Gold

then we are looking forward for first (EU and GU) to be triggered second GJ and at last Gold

so the dashboard bring them in this order from left to righ

1-EU
2-GU
3-GJ
4-Gold
  • #1,702
  • Feb 29, 2012 1:49am Feb 29, 2012 1:49am
Quoting Alorente
EurUsd, UsdJpy, GbpUsd, GbpEur, UsdCad, UsdChf, EurAud, AudUsd, EurGbp.
Sorry,

EurUsd, UsdJpy, GbpUsd, GbpEur, UsdCad, UsdChf, EurAud, AudUsd, EurJpy.
Observation is the path to discovery.
  • #1,703
  • Feb 29, 2012 1:50am Feb 29, 2012 1:50am
Quoting Alorente
UsdCad

EurGbp

EurCad

EurAud (Iīve had 13 winners in a row with this pair, so Iīm partial to it)


Exactly right the same you said !

First dashboard brings UsdCad second EurGBp and so on !


Hope i were clear
  • #1,704
  • Feb 29, 2012 1:51am Feb 29, 2012 1:51am
Quoting shahrooz67
No man.

consider at the moment the first three rules are met by EURUSD and GBPUSD , two rules are met by GBPJPY and 1 rule by Gold

then we are looking forward for first (EU and GU) to be triggered second GJ and at last Gold

so the dashboard bring them in this order from left to righ

1-EU
2-GU
3-GJ
4-Gold
Cool... Sounds complicated though for coding it no?
Observation is the path to discovery.
  • #1,705
  • Feb 29, 2012 1:52am Feb 29, 2012 1:52am
Quoting Rojan2
It is -0.5 to -1.0 for shorts and 0.5 to 1.0 for longs.
Hope I got it right J
Rojan
No. Please read Rule 1 again. I simplified the rule last night. It is now very clear.
Observation is the path to discovery.
  • #1,706
  • Feb 29, 2012 1:55am Feb 29, 2012 1:55am
Quoting fire580
Does anyone have a MA Crossover Histogram with an alert when colors change?
We are going to be adding Female or Male voice alerts to all the rules as well as when to place the trade, etc. But first, we must let Carl (Crodzilla) work on getting the dashboard completed. One step at a time...
Observation is the path to discovery.
  • #1,707
  • Feb 29, 2012 1:56am Feb 29, 2012 1:56am
Hi Al,

TMASlope alone seems to give good signals when it crosses the 0 point.
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  • #1,708
  • Feb 29, 2012 1:56am Feb 29, 2012 1:56am
Quoting Alorente
Cool... Sounds complicated though for coding it no?
For mine it is too hard !

But i think carl can do it very nicely Of course it is real time-consuming


And about the Arrows for the tma slope, i think it is going to be ready in 30 minutes
  • #1,709
  • Feb 29, 2012 1:57am Feb 29, 2012 1:57am
Quoting Alorente
Cool... Sounds complicated though for coding it no?
There could be a dashboard with all currency pairs and their current slope colour(in relation to the colors Al specified before, eggreen for rule 3 and lime for rule 4)

Preview: GPB AUD (insert color here) (time)
Aud USD (insert color here)

And the time would be when the lime green appeared, to avoid late entries.
Just a proposition.
  • #1,710
  • Feb 29, 2012 1:57am Feb 29, 2012 1:57am
Quoting Alorente
I donīt use the EAs because, as you said, I use Recovery. I get consistently better entries on all trades than with the EA. I would have to say that a good 20% of trades may get stopped out with tight (20 pip) SL. Remember, we are looking to catch a turn for our trades. That produces a lot of retests at the top or bottom of the move, anyone of which may trigger your stop loss. If you use SL, I would place it above the previous high (Short) or below the previous low (Long), not just an arbitrary number of pips. Then you should only be stopped out...
For me, a large part of the issues that I have with this system (just speaking for me, not anyone else) is that the extreme spike indi is not very helpful when used in isolation, or almost isolation.

I'm going to be a bit blunt here, but I certainly do not intend to disrespect anyone here, it's just the way I am.....'a spade is a spade' where I live!!

The extreme spike works reasonably well in Evaluators Symphonie system, and that's because it is not in isolation. It has 3 other indi's that have to agree before a trade is taken. Personally, I use those 4 indies, plus stochastics, plus my arrow, plus my yellow SMA. So.......I have 7 ducks, all of which must line up before I enter the trade.

So, for me, I don't like the MA Crossover because it badly repaints, and it is the only back up to the Extreme Spike, which also repaints......and it necessarily *must* repaint or else I'd rename it the Holy Grail

Therefore, (once again) to me, the Extreme Spike and the MA Crossover are unsuitable for this system. Yet the system has great potential. I don't see the answer is adding more and more stuff to the charts......I like charts to be as clean as possible.

So I believe that a better way of (essentially) picking tops and bottoms (for entry after PA reaches the opposite band) is required. Stochastic certainly can play a part in this quest but there needs to be more than that. I don't have the answer yet, but I think I'm closing in on a possible answer. I won't prematurely reveal what I'm doing, but I just want to touch base and let you know that I am still chipping away at the problem, and when I have something concrete to show you for testing purposes, you'll be the first to know

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,711
  • Feb 29, 2012 1:59am Feb 29, 2012 1:59am
Very slow signal day on the M15 bar charts, but Iīve already placed three trades on the M1 chart while I wait, all three winners. If anyone tries the M1 at some point, please realize that the band width is only about 15 pips, so it is very important to enter the trades well outside of the bands and wait for the opposite band for exit or for the change of trend on the Slope indi, which works wonderfully in M1 also.
Observation is the path to discovery.
  • #1,712
  • Feb 29, 2012 1:59am Feb 29, 2012 1:59am
Quoting Alorente
No. Please read Rule 1 again. I simplified the rule last night. It is now very clear.
OK. So no -1/1 limit.
Thanks
Rojan
  • #1,713
  • Feb 29, 2012 2:03am Feb 29, 2012 2:03am
You get many signals on M1 and Carlīs dashboard is proving to be invaluable for spotting the pairs that are beyond the bands. I donīt have to be looking at the charts in M1 TF. Just look at the dashboard and when a pair lights up with "Sell Zone" or "Buy Zone" I switch only that pair to M1 and jump on it when the other rules validate the trade.

Thank you, Thank you, Carl... You just made scalping much easier...
Observation is the path to discovery.
  • #1,714
  • Feb 29, 2012 2:07am Feb 29, 2012 2:07am
Quoting grechmar
There could be a dashboard with all currency pairs and their current slope colour(in relation to the colors Al specified before, eggreen for rule 3 and lime for rule 4)

Preview: GPB AUD (insert color here) (time)
Aud USD (insert color here)

And the time would be when the lime green appeared, to avoid late entries.
Just a proposition.
I have that in mind too with the background of each square. The Word color indicates the Rules compliance and the background color, the slope condition (Current bar rising or dropping in relation to the bar before it). Weīll find two colors that do not interfere with the word colors. I just want to go one step at a time. This is extremely complicated to code.
Observation is the path to discovery.
  • #1,715
  • Feb 29, 2012 2:09am Feb 29, 2012 2:09am
Hi Al, whats your success rate with scalping?
  • #1,716
  • Feb 29, 2012 2:09am Feb 29, 2012 2:09am
You get many signals on M1 and Carlīs dashboard is proving to be invaluable for spotting the pairs that are beyond the bands. I donīt have to be looking at the charts in M1 TF. Just look at the dashboard and when a pair lights up with "Sell Zone" or "Buy Zone" I switch only that pair to M1 and jump on it when the other rules validate the trade.

Thank you, Thank you, Carl... You just made scalping much easier...[/quote]


Ill second that Al , have seen Carl,s work over the years and he is second to none in my opinion.
  • #1,717
  • Feb 29, 2012 2:13am Feb 29, 2012 2:13am
is USDCHF signalling short?

Never mind, my chart was too small and I couldn't see the higher red TMA line and got confused with the MA.

Its very hard looking at small charts.
  • #1,718
  • Feb 29, 2012 2:15am Feb 29, 2012 2:15am
Hi all.
Maybe instead of the signal line of intersection, use indicator Goldfinger (risk - 1), this indicator does not repaint. And if you see a dot GOLDFINGER and HA color signal is correct - then enter.
Marek
Attached File(s)
File Type: mq4 Golden Finger.mq4   5 KB | 710 downloads
  • #1,719
  • Feb 29, 2012 2:17am Feb 29, 2012 2:17am
Quoting lologo
Hi Al,

TMASlope alone seems to give good signals when it crosses the 0 point.
Iīve noticed that. It is in my box of possible rule conditions, but it will not work if you have tight stops, because you still get retests that would stop you out. With Recovery it works well. But it will be refined. There is nothing magical about the 0 value. With more experience, we will find the ideal trigger based on TMA Slope. I can already tell you that this is a whoppingly good indicator with multiple moneymaking uses.
Observation is the path to discovery.
  • #1,720
  • Feb 29, 2012 2:19am Feb 29, 2012 2:19am
Is it the shape what you expect from divergence indicator ?!
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