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Extreme TMA System

  • #2,081
  • Feb 29, 2012 4:37pm Feb 29, 2012 4:37pm
Thank You .... time to quit for today 14 1/2 hours is very tough on my old eyes

good night everyone
  • #2,082
  • Feb 29, 2012 4:39pm Feb 29, 2012 4:39pm
Quoting fire580
Wasn't old method 80 - 90% profitable - so why change? are we expecting this to be that much better? confused....
Look at my trades today. I published the results an hour ago. 10 trades, 100% success using these rules. I also have 12 winners in a row with this method in M1. I did not publish those trades. I have been talking to others through PM that have been trading with this method. It is incredibly accurate and it makes you more pips per trade because you enter at the top, against resistance which is also the safest place to enter. Also, by having your stop loss on the other side of resistance, it is much less likely to get triggered.
Observation is the path to discovery.
  • #2,083
  • Feb 29, 2012 4:43pm Feb 29, 2012 4:43pm
Okay now I see what your doing...... never thought you could make a great system better, but you did ... my hat is off to you - your the man.
  • #2,084
  • Feb 29, 2012 4:45pm Feb 29, 2012 4:45pm
Have a good night/day every one

Hope Green Pips

AL thanks for every thing
  • #2,085
  • Feb 29, 2012 4:47pm Feb 29, 2012 4:47pm
Quoting faxxion
Alfredo,

You are too kind. I am on the other side from Naples. I live in a small town called Indian Harbour Beach. It is between Daytona and Palm Beach on the East Coast, one hour due east from Orlando. It is a standing offer my friend.

Regarding your TMA system, I do have one question: In light of the recent rule changes, do you still use the EA's to optimize trade entry or is that done manually now?

Thank you.

William
I donīt use the EAs. They are great if you want to leave a trade on at night. A couple of guys have done it with success, But now that we take the trade under resistance (shorts) or above support (longs), the EA is really not necessary.

I know Indian Harbour. I recently sold my 30 year old company (www.lorente.us) and we supply almost every Golf Club in the country. More than 300 customers in Florida alone.

Anyway, if you find some time, fly over to Madrid and stay with me. Iberia has a direct flight from Miami.

Take care.
Observation is the path to discovery.
  • #2,086
  • Feb 29, 2012 4:48pm Feb 29, 2012 4:48pm
Dumb question. But I've been watching about 8 pairs all day and I haven't seen any pair with an extreme TMA slope (less than -0.5 or more than +0.5) that has ever gotten anywhere near the opposing outer band. In fact most are always outside of the corresponding band. (See image for example)

My dumb questions is, will the PA ever touch the other band with slops this steep?

http://www.forexfactory.com/attachme...1&d=1330555598
  • #2,087
  • Feb 29, 2012 4:48pm Feb 29, 2012 4:48pm
Quoting fire580
Thank You .... time to quit for today 14 1/2 hours is very tough on my old eyes

good night everyone
Nighty night

Inserted Video
  • #2,088
  • Feb 29, 2012 4:54pm Feb 29, 2012 4:54pm
Quoting odellcash
Dumb question. But I've been watching about 8 pairs all day and I haven't seen any pair with an extreme TMA slope (less than -0.5 or more than +0.5) that has ever gotten anywhere near the opposing outer band. In fact most are always outside of the corresponding band. (See image for example)

My dumb questions is, will the PA ever touch the other band with slops this steep?

http://www.forexfactory.com/attachme...1&d=1330555598
Yes. Price always moves from side to side. Today was a crazy day. We moved from risk on to risk off because of Bernanke, things will settle down in the coming days, Even though I believe, the USD will continue to climb and all Eur pairs will struggle going forward. I am looking for around a 5% correction in the S&P and between 5% to 10% on the euro. Weīll see what develops. Weīll just trade what the market gives us.
Observation is the path to discovery.
  • #2,089
  • Feb 29, 2012 4:58pm Feb 29, 2012 4:58pm
Quoting bcarbon
Nighty night

http://www.youtube.com/watch?v=NtiJki4y9ac
Lovely!!!! i'll put it on my ipad tomorrow...

good night and sweet dreams to all

Sabrina
  • #2,090
  • Feb 29, 2012 5:19pm Feb 29, 2012 5:19pm
Phew I finally and temporarily caught up. Been working on some indicators to help me trade this. Using this system I finally made money backtesting. Which is a change from my usual results so going to try it live.

Of course the whole system has changed so going to have to retest it some more. Not sure I can give up the MA Cross and I have never been a fan of set precomputed pivots. But maybe never gave them an honest try.

My 2 cents.

1. On the slope indicator. Wouldn't it be best to normalize that TMA slope by dividing it by the TMA atr value? You would have to re figure out the top and bottom values but then it would be more stable. Even as it is now on the 15 min those ranges are changing meaning for different volatility currencies.

2. On repainting indicators. I love non repainting indicators as much as anybody but really you are just going to get fooled by the next indicator. You are way better advised to look at old data using a simulator(vHands) then to make absolutely sure you are not cheating with your indicators.



Thanks for sharing.
  • #2,091
  • Feb 29, 2012 6:09pm Feb 29, 2012 6:09pm
Could someone please help me with my pivot time settings?

I'm in Sydney, Australia:

Standard time zone:UTC/GMT +10 hours
Daylight saving time:+1 hour
Current time zone offset:UTC/GMT +11 hours
Time zone abbreviation:EDT - Eastern Daylight Time

My current settings are:

HrsServerTzFromGMT: 0
HrsChoiceTzFromGMT: 0

Is this correct? My broker has informed me that the server GMT offset is 0.

Thanks for the help
Jem
  • #2,092
  • Feb 29, 2012 7:04pm Feb 29, 2012 7:04pm
who is your MT4 broker? I keep my pivots set to 5pm EST(New York close). I use a broker whose day begins at this time so my pivots are set to 0 offset. hope this helps some...steve
  • #2,093
  • Feb 29, 2012 8:28pm Feb 29, 2012 8:28pm
Quoting Alorente
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.
That's Oil
Fall seven times, stand up Eight! #GGMU
  • #2,094
  • Feb 29, 2012 10:12pm Feb 29, 2012 10:12pm
Here is a normalized version of the slope indicator. It is not exact with the 15 min values so you will still need to figure out the trend ranges but at least it doesn't jump massively with different time frames.

This is a modified filed from Shah's post 1977 so it is otherwise recent.

It also only uses the most recent atr to normalize so there will be repaint issue from that. If you don't use that then the changing atr values will make the slope changes and the divergence arrows be out of sync with the original indicator.
Attached File(s)
File Type: mq4 TmaSlope.v1.2_Normalized.mq4   7 KB | 585 downloads
  • #2,095
  • Feb 29, 2012 11:41pm Feb 29, 2012 11:41pm
Al,

Thanks so much for your generosity in sharing with everyone here in the forum. I'm really enjoying your thread and learning from your wisdom. I have plenty more to learn and am looking forward to the journey. I second William's invitation for you to visit Florida.

William - I'm also from Indian Harbour Beach ... small world!

Best to all!

Greg
  • #2,096
  • Mar 1, 2012 12:23am Mar 1, 2012 12:23am
Dear Al,

Thank you kindly for your generous sharing of knowledge, this system seems very interesting indeed.
This is my first post here also wanted to thank you for sharing your system.

Thank you kindly!
Tracking the Specialists.
  • #2,097
  • Mar 1, 2012 1:24am Mar 1, 2012 1:24am
Quoting Jemook
Could someone please help me with my pivot time settings?

I'm in Sydney, Australia:

Standard time zone: UTC/GMT +10 hours
Daylight saving time: +1 hour
Current time zone offset: UTC/GMT +11 hours
Time zone abbreviation: EDT - Eastern Daylight Time

My current settings are:

HrsServerTzFromGMT: 0
HrsChoiceTzFromGMT: 0

Is this correct? My broker has informed me that the server GMT offset is 0.

Thanks for the help
Jem
Jem,

Your settings are correct. Even though your Hrs Choice setting could be 11, you want it set to the London time zone because those are the pivots most traders watch.
Observation is the path to discovery.
  • #2,098
  • Mar 1, 2012 1:27am Mar 1, 2012 1:27am
Quoting Paradox
Here is a normalized version of the slope indicator. It is not exact with the 15 min values so you will still need to figure out the trend ranges but at least it doesn't jump massively with different time frames.

This is a modified filed from Shah's post 1977 so it is otherwise recent.

It also only uses the most recent atr to normalize so there will be repaint issue from that. If you don't use that then the changing atr values will make the slope changes and the divergence arrows be out of sync with the original indicator.
Iīll check it out, but please, guys, letīs stick with the official one on the zip file or will end up with a rice with mango paella.
Observation is the path to discovery.
  • #2,099
  • Mar 1, 2012 1:28am Mar 1, 2012 1:28am
Quoting bluewatercat
Al,

Thanks so much for your generosity in sharing with everyone here in the forum. I'm really enjoying your thread and learning from your wisdom. I have plenty more to learn and am looking forward to the journey. I second William's invitation for you to visit Florida.

William - I'm also from Indian Harbour Beach ... small world!

Best to all!

Greg
Thanks Greg, maybe weīll meet some day.
Observation is the path to discovery.
  • #2,100
  • Mar 1, 2012 1:29am Mar 1, 2012 1:29am
Quoting Connected
Dear Al,

Thank you kindly for your generous sharing of knowledge, this system seems very interesting indeed.
This is my first post here also wanted to thank you for sharing your system.

Thank you kindly!
Thanks to you for joining us.
Observation is the path to discovery.
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