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Extreme TMA System

  • #2,421
  • Mar 1, 2012 9:56am Mar 1, 2012 9:56am
Quoting Alorente
I looked at this indi. The problem, as Paradox points out is that the Range zone varies from TF to TF. They are not exactly alike. We will be talking apples and oranges from TF to TF. My thoughts are that if an order direction rule is allowed in M15, it is also allowed in H1 or M5. We are talking about the same pair and the same ticks at the same moment in time. If a long is valid in M15, there is no reason why you canīt go long just because you have another chart on the screen. It is still a valid long. I like what we have right now with version...
Actually the point of the normalizing is to change the range with the TF so the extreme values are more similar. The problem was using the range with each bar can mess up the slope change and divergence. That is why I just used the most recent atr to normalize the entire history.

I can see how you use this from m15 down to lower TFs. Using a Higher TF trend to influence lower TF trades makes sense. But when you take it to higher time frames it just expands to the extremes very easily.

Also as it stands this is not really an angle at all. Basically a value of .5 means that TMA is rising .5 ticks per bar. This causes very different behavior between currencies (example: GBPJPY and EURGBP).
  • #2,422
  • Mar 1, 2012 9:56am Mar 1, 2012 9:56am
Sorry it did not fix it.

Quoting Surfnomad
Kurt thanks but when I open the indicators window I don't even have the "display symbol and timeframe indicator" is it by change apart of or inside another indcator? I didn't see it in the most recently packet either.

Thanks for your help

Robert
  • #2,423
  • Mar 1, 2012 9:57am Mar 1, 2012 9:57am
Quoting Jemook
Thanks for your continued support in this thread Al. Fascinating stuff and clearly everyone is taking a lot away from the thread even if they don't continue with the system.

I'm wondering how you are treating the gbpusd trade as it hit R1 and we were already in a short from FPV. Did you add a new position at R1 and are you aiming for b.e or still the other band?

Cheers mate
Jem
No read the post I just posted. Price will come right back.

I donīt add to a position except to enter Recovery at -100, and then it becomes an exit TP of BE.
Observation is the path to discovery.
  • #2,424
  • Mar 1, 2012 9:58am Mar 1, 2012 9:58am
Quoting Alorente
I looked at this indi. The problem, as Paradox points out is that the Range zone varies from TF to TF. They are not exactly alike. We will be talking apples and oranges from TF to TF. My thoughts are that if an order direction rule is allowed in M15, it is also allowed in H1 or M5. We are talking about the same pair and the same ticks at the same moment in time. If a long is valid in M15, there is no reason why you canīt go long just because you have another chart on the screen. It is still a valid long. I like what we have right now with version...

Thanks Al great point I to haven't had a losing trades so I agree why try something new. Silly me what was I thinking. Thanks again for sharing with us all your hard work and wisedom for all your years of experience
  • #2,425
  • Mar 1, 2012 9:58am Mar 1, 2012 9:58am
Quoting Jemook
Thanks for your continued support in this thread Al. Fascinating stuff and clearly everyone is taking a lot away from the thread even if they don't continue with the system.

I'm wondering how you are treating the gbpusd trade as it hit R1 and we were already in a short from FPV. Did you add a new position at R1 and are you aiming for b.e or still the other band?

Cheers mate
Jem
Target price is still the opposite band. Same for AudUsd.
Observation is the path to discovery.
  • #2,426
  • Mar 1, 2012 9:58am Mar 1, 2012 9:58am
Good stuff, thanks for that

Would there be merit in creating an EA that closes the trade at the opposite band? In fact has this already been done in one of nanningbobs threads? I'll check it out.

It's 3am in Sydney, Aussieland and I'd like to go to sleep but I won't be able to move my limit up if the bottom band of the TMA keeps rising. Any tips?

Thanks!!
  • #2,427
  • Mar 1, 2012 10:01am Mar 1, 2012 10:01am
Quoting TheRoper
Sorry it did not fix it.
Just exit Mt4, turn it on again and it will be fixed forever...
Observation is the path to discovery.
  • #2,428
  • Mar 1, 2012 10:02am Mar 1, 2012 10:02am
Quoting TheRoper
Sorry it did not fix it.

Hey I found it for some reason it is in my "objects" not indicators.

Thanks
  • #2,429
  • Mar 1, 2012 10:04am Mar 1, 2012 10:04am
Quoting tehnobyte
Hi Alorente ,take a look at TMA system used with renko chart (brick size 5pips). The entry rule are the same but we don't wait for s/r and entry trigger is when little HA bar close and confirmed with rest of the rules, exit when we have litle HA bar close and confirmed with MA crossover color change
Looks nice, on visual backtesting but you need to trade it live to see if it really works. Don't get me wrong, I am huge fan of renko and range bars which is my favourite.
  • #2,430
  • Mar 1, 2012 10:05am Mar 1, 2012 10:05am
Watching AUDUSD. Approaching the top band in M15. May be a short trade in order if it over-stretches and tests the underside of R1 (targeting the daily pivot around 1.0766).

PB
  • #2,431
  • Mar 1, 2012 10:07am Mar 1, 2012 10:07am
Quoting Paradox
Actually the point of the normalizing is to change the range with the TF so the extreme values are more similar. The problem was using the range with each bar can mess up the slope change and divergence. That is why I just used the most recent atr to normalize the entire history.

I can see how you use this from m15 down to lower TFs. Using a Higher TF trend to influence lower TF trades makes sense. But when you take it to higher time frames it just expands to the extremes very easily.

Also as it stands this is not really an angle at all. Basically...
I agree that the higher the TF you go the more of a problem you may encounter with the trend being the same or not, still, the variations that you may get if you are trading H1 going by trend on M15 are not very significant. I will look at your normalized version this weekend in depth and see if we should make the change, or just use it for H1, H4 and D1.

Thanks for your work. It is greatly appreciated.
Observation is the path to discovery.
  • #2,432
  • Mar 1, 2012 10:10am Mar 1, 2012 10:10am
In short AudJpy
Observation is the path to discovery.
  • #2,433
  • Mar 1, 2012 10:11am Mar 1, 2012 10:11am
One of the best Threads.Wonderfull Ideas! Youīve got a very nice house in Madrid
Iīm living also in a nice city northeast Madrid called Majadahonda.
  • #2,434
  • Mar 1, 2012 10:11am Mar 1, 2012 10:11am
Quoting Alorente
The slope indi does a better job of advising you that a change in trend is near. The semaphor is cute but almost as useless on its own as the spike indi. Plus as Pixelboy says, if you trust it in the heat of battle, you may end up with a huge drawdown before price turns. Also, because it is a clear light signal, psychologically you tend to believe it like you would believe a traffic light, making it particularly dangerous for inexperienced traders. Iīve used it before and it is one more in my tall heap of discarded indis.
Yes, totally agree now I'm starting to get the feel for the slope indicator. The best way to use the semafor (hate that spelling) is to ignore everything except the third level signal. And when you see it, don't act on it - check that what you have is already a good trade meeting all your entry criteria - then have a little more confidence that you got that 3rd level signal, meaning there is an extra probability that you will hit your TP. In other words, it's probably a better exit signal than an entry signal: a signal on entry makes it a little more probable that your trade will run it's full course and hit the target AND, if it lights up on the other side of the trade it's a warning that price could turn around.

Hope that makes sense.

PB
  • #2,435
  • Mar 1, 2012 10:11am Mar 1, 2012 10:11am
Quoting faxxion
A big "Thank You" to Shah for all of his hard work.

William
Your Welcom
We should thank Alorente , zznbrm ,EasyRyder and altoronto First
  • #2,436
  • Mar 1, 2012 10:16am Mar 1, 2012 10:16am
Thanks Al!
Quoting Alorente
Just exit Mt4, turn it on again and it will be fixed forever...
  • #2,437
  • Mar 1, 2012 10:16am Mar 1, 2012 10:16am
Friends, I am getting many PMs asking system questions that have already been covered in detail on the thread. I am answering them individually, but I would prefer, if you havenīt read the previous posts and you donīt have time to do so, that you bring up the questions on the public thread, so others can get the benefit of the answers I give, even though it is stuff that we have covered before. Repetition is a positive exercise in learning, so donīt be shy and ask your questions publicly. Thanks.
Observation is the path to discovery.
  • #2,438
  • Mar 1, 2012 10:17am Mar 1, 2012 10:17am
Quoting werther
One of the best Threads.Wonderfull Ideas! Youīve got a very nice house in Madrid
Iīm living also in a nice city northeast Madrid called Majadahonda.
Hey, bud. Thatīs where my mother lives. Good deal...
Observation is the path to discovery.
  • #2,439
  • Mar 1, 2012 10:19am Mar 1, 2012 10:19am
Right now there are from 150 to 170 viewers to this thread. Al's generosity with his knowledge and help is incomparable. He is continuously answering questions over and over again without a trace of impatience or anger. His system is terrific and getting better each day. However, the thread has only four stars, voted by only 48 members out of the thousands that have benefited from it (over 2,000 posts). So those of you who have not voted yet, please do so. At the top of the page, on the right hand corner, under page numbers there is "rating", click on that to vote.

Thank you.
  • #2,440
  • Mar 1, 2012 10:20am Mar 1, 2012 10:20am
Quoting shahrooz67
Your Welcom
We should thank Alorente , zznbrm ,EasyRyder and altoronto First
Yes. Thanks to all again. I have already done so individually.
Observation is the path to discovery.
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