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Extreme TMA System

  • #1,981
  • Feb 29, 2012 1:50pm Feb 29, 2012 1:50pm
Quoting Alorente
OK, I am getting bombarded with PMs asking me about the values changing in the Slope indi when TF change. The solution is simple. Determine the value from the M15 chart to comply with rule 1. Then switch to your other time frame and trade in the direction determined with the M15 value. Itīs easy...

For example, Iīm scalping EurUsd in M1. I keep a chart open also of the M15. I determine if it is ranging, only longs or only shorts, I trade in my M1 chart as per the indication of the M15 value.

Perhaps we can use an average amount for each time frame not a fix one equal to 0.5 or -0.5
  • #1,982
  • Feb 29, 2012 1:53pm Feb 29, 2012 1:53pm
Quoting shahrooz67
Al this shows the TMA SLOPE amount
I loooove you, Shah. Just what I wanted !!!!!

Thank you, thank you ....

I also like your arrows. They signal when the divergence begins. I am substituting the old Slope Indi for you new one. I will change the indi in the packet.zip file tonight and change the templates and profile too.

Thanks again.
Observation is the path to discovery.
  • #1,983
  • Feb 29, 2012 1:55pm Feb 29, 2012 1:55pm
Quoting Alorente
ZZ,

We thank you immensely for this indicator. It is making trading TMA much easier.

I believe we can bring it to the -0.50 to 0.50 range by changind one of the inputs. Someone did it yesterday on the thread. I forget who it was...
Al, first congratulations on a very successful thread and trading system. People wonder why sometimes we share things, well you never know when someone comes up with a successful addition to a system and makes it better. No matter how experienced a trader can be you never know what a fresh pair of eyes can do for something. Anyway, excellent job and good luck to you in your trading.
  • #1,984
  • Feb 29, 2012 1:57pm Feb 29, 2012 1:57pm
Quoting Alorente
I loooove you, Shah. Just what I wanted !!!!!

Thank you, thank you ....

I also like your arrows. They signal when the divergence begins. I am substituting the old Slope Indi for you new one. I will change the indi in the packet.zip file tonight and change the templates and profile too.

Thanks again.


You are totally welcome

Hope it is usefull
  • #1,985
  • Feb 29, 2012 1:57pm Feb 29, 2012 1:57pm
Quoting shahrooz67
Perhaps we can use an average amount for each time frame not a fix one equal to 0.5 or -0.5
No. It has to be a fixed number. People are already having problems understanding that -.6 is actually a smaller number than -.5, because they see the 6 and they say it is a larger number than a 5. So changing to averages would be a big mess for most.
Observation is the path to discovery.
  • #1,986
  • Feb 29, 2012 1:58pm Feb 29, 2012 1:58pm
Quoting nanningbob
Al, first congratulations on a very successful thread and trading system. People wonder why sometimes we share things, well you never know when someone comes up with a successful addition to a system and makes it better. No matter how experienced a trader can be you never know what a fresh pair of eyes can do for something. Anyway, excellent job and good luck to you in your trading.
Thanks, Bob,

Coming from you I consider that a triple compliment.
Observation is the path to discovery.
  • #1,987
  • Feb 29, 2012 2:01pm Feb 29, 2012 2:01pm
Quoting Alorente
I loooove you, Shah. Just what I wanted !!!!!

Thank you, thank you ....

I also like your arrows. They signal when the divergence begins. I am substituting the old Slope Indi for you new one. I will change the indi in the packet.zip file tonight and change the templates and profile too.

Thanks again.
Shah Thank you this bigger number is very helpful. Are the arrows shown on your example chart part of the indicator or did you manually place them there because I don't see any arrows on my chart?

Thanks again
Robert
  • #1,988
  • Feb 29, 2012 2:02pm Feb 29, 2012 2:02pm
Quoting vickym
Can anyone check the below chart and comment if my short entry at daily pivot is correct as per the rules of this system?
Yes. Itīs not quite touching it but it is close enough. What pair is that? I canīt see it and I want to trade it. Also, make sure you have the inputs correctly set or your S/R lines will appear in the wrong place.
Observation is the path to discovery.
  • #1,989
  • Feb 29, 2012 2:02pm Feb 29, 2012 2:02pm
Quoting Alorente
No. It has to be a fixed number. People are already having problems understanding that -.6 is actually a smaller number than -.5, because they see the 6 and they say it is a larger number than a 5. So changing to averages would be a big mess for most.

You are right

But if we always have the average amount beside our indicator and our tma slope it is not necessary to always remind what was our fixed number!

Assume we have the slope and the average amount right next to it ! if slope was less than positive average and more than negative average it is a two side market

if slope is more than positive average it is a long and if else the slope is below the negative average it is a short only market
  • #1,990
  • Feb 29, 2012 2:03pm Feb 29, 2012 2:03pm
UsdJpy made a double top as expected. I have a feeling it will break and keep going this time. Weīll see. Only longs allowed now on it.
Observation is the path to discovery.
  • #1,991
  • Feb 29, 2012 2:04pm Feb 29, 2012 2:04pm
Quoting Surfnomad
Shah Thank you this bigger number is very helpful. Are the arrows shown on your example chart part of the indicator or did you manually place them there because I don't see any arrows on my chart?

Thanks again
Robert

Your welcome

The indi should draw it automaticlly

try the indi on several time frames and pairs and let me know if they appeared or not

Any one with the same problem ?!
  • #1,992
  • Feb 29, 2012 2:07pm Feb 29, 2012 2:07pm
Hi,
guys is there anyway possible to make the slop indi a non-repainting one? shah can you do that?

thanks.
  • #1,993
  • Feb 29, 2012 2:13pm Feb 29, 2012 2:13pm
Quoting shahrooz67
You are right

But if we always have the average amount beside our indicator and our tma slope it is not necessary to always remind what was our fixed number!

Assume we have the slope and the average amount right next to it ! if slope was less than positive average and more than negative average it is a two side market

if slope is more than positive average it is a long and if else the slope is below the negative average it is a short only market
What would the average be? Of how many bars?. If you want to build it I can evaluate it and decide if it is better than what we have.

I really love the number on the right. It is really cool.

Thanks.
Observation is the path to discovery.
  • #1,994
  • Feb 29, 2012 2:13pm Feb 29, 2012 2:13pm
Quoting shahrooz67
Your welcome

The indi should draw it automaticlly

try the indi on several time frames and pairs and let me know if they appeared or not

Any one with the same problem ?!
I figured it out. the color values for 6 & 7 were black on the indi when I got it but I changed the color of 6 to blue and the color of 7 to red and viola the arrows appeared.

They are very helpful

Thank you for all you conbribute and for responding so quickly

Robert
  • #1,995
  • Feb 29, 2012 2:14pm Feb 29, 2012 2:14pm
Quoting P.Dean
Hi,
guys is there anyway possible to make the slop indi a non-repainting one? shah can you do that?

thanks.
No. You want the slope indicator to reflect what the TMA is doing. Remember, we trade the TMA. The slope only gives us the TMA values. They have to be the same in both.
Observation is the path to discovery.
  • #1,996
  • Feb 29, 2012 2:15pm Feb 29, 2012 2:15pm
Quoting Alorente
The same one I use for mine. I would have the cash in a main account and if I usually trade three positions simultaneously, I would have three additional accounts. I know the margin needed for each pair, so in my open accounts, in the morning I have in each one the amount Ill need to cover the margin, 2000 in my EurUSD account, etc, If I place a trade in EURUSD, I already have the money there. If I make money, I transfer the profit to my main account and leave the 2000 in theEURUSD account for the next trade. If my account grows then my 4% per position...
I'd never considered using multiple accounts before to guard against large losses (I watch the EURCHF action a few months ago and witnessed stops slipping by hundreds of pips!)

Thanks for the tip - I'm setting my accounts up right now :-)

PB
  • #1,997
  • Feb 29, 2012 2:15pm Feb 29, 2012 2:15pm
Quoting Alorente
What would the average be? Of how many bars?. If you want to build it I can evaluate it and decide if it is better than what we have.

I really love the number on the right. It is really cool.

Thanks.

that is easy to build

and average bars number can be user-difined or can be for whole bars on the chart history
  • #1,998
  • Feb 29, 2012 2:16pm Feb 29, 2012 2:16pm
Quoting Surfnomad
I figured it out. the color values for 6 & 7 were black on the indi when I got it but I changed the color of 6 to blue and the color of 7 to red and viola the arrows appeared.

They are very helpful

Thank you for all you conbribute and for responding so quickly

Robert
Shah made the contributorīs list this morning on Page 1.
Observation is the path to discovery.
  • #1,999
  • Feb 29, 2012 2:18pm Feb 29, 2012 2:18pm
Quoting P.Dean
Hi,
guys is there anyway possible to make the slop indi a non-repainting one? shah can you do that?

thanks.

think it is possible , but first , I think EasyRyder has posted one TMA-Nonrepainting version in one of his threads or posts when you use this you can see It cant help you much
  • #2,000
  • Feb 29, 2012 2:18pm Feb 29, 2012 2:18pm
Quoting pixelboy
I'd never considered using multiple accounts before to guard against large losses (I watch the EURCHF action a few months ago and witnessed stops slipping by hundreds of pips!)

Thanks for the tip - I'm setting my accounts up right now :-)

PB
It takes some management in the morning before trading, but it is worth it, believe me. The top proīs use this system to protect their millions of bucks.
Observation is the path to discovery.
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