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Extreme TMA System

  • #2,441
  • Mar 1, 2012 10:25am Mar 1, 2012 10:25am
Quoting Favorite
liviur, you do realize that spike repaints, don't you? I don't think that the heavily repainting indicator like spike can be used for this kind of analysis.

And there is another thing: maybe it is possible to follow different timeframes' spikes like this if you follow only EURUSD, but we're gonna follow a lot of currencies, and you can't do it with even 5-6 currencies.

And, of course, it is Al's system, he's trying to make it as good as possible and as simple as possible, and if Al thinks that we don't need spike - then we really don't need...
Thanks for your confidence in me, Mike.
Observation is the path to discovery.
  • #2,442
  • Mar 1, 2012 10:25am Mar 1, 2012 10:25am
Quoting Alorente
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.
Ok just trying to help. It has been only a few days. I just thought these questions will just persist with an indicator like this. I will wait for your input though since it seems people will just try to use it and apply your .5 to -.5 values on it which is not correct. It still needs some subjective interpretation.

I would like to make a dashboard and it would be nice in that setting for things to fall into some range across currencies and timeframes.


Still working at the new rules. I can't say they are easier at all. But they do seem to be trying to defined the ebb and flow of price action so I will keep at it.
  • #2,443
  • Mar 1, 2012 10:26am Mar 1, 2012 10:26am
Quoting goldsurfer
Was watching the Beast for a short, guess I shoulda just shorted at the pivot, my 16:45 bar closed at 129.486, the 1700 opened at 129.320! News and Bernado
Hey goldsurfer,

What do you think of the system so far? Are you using it for backup or actually trading it by the rules?
Observation is the path to discovery.
  • #2,444
  • Mar 1, 2012 10:27am Mar 1, 2012 10:27am
Hi Al,

You posted that you trade with FxPro. So i presume many traders who follow this thread have Fxpro accounts also. I have a demo account myself on FxPro with MT4 platform.

That's why i need to ask if your are allowed to open a buy/sell stop with a distance from market less than 50 pips, because my mt4 don't allow less than that distance. Honestly, it's pratically impossible trade with that minimum range that represent almost half of a day trading.

Thaks in advance.
  • #2,445
  • Mar 1, 2012 10:27am Mar 1, 2012 10:27am
Quoting Alorente
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 haven´t read the previous posts and you don´t 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 don´t be shy and ask your questions publicly. Thanks.
Yes please post answers and discussion here. I have read everything and am not near fully clear how YOU trade this.
  • #2,446
  • Mar 1, 2012 10:28am Mar 1, 2012 10:28am
Quoting Paradox
Ok just trying to help. It has been only a few days. I just thought these questions will just persist with an indicator like this. I will wait for your input though since it seems people will just try to use it and apply your .5 to -.5 values on it which is not correct. It still needs some subjective interpretation.

I would like to make a dashboard and it would be nice in that setting for things to fall into some range across currencies and timeframes.


Still working at the new rules. I can't say they are easier at all. But they do seem to be...
That dashboard sounds really appealing. Thanks for your input.
Observation is the path to discovery.
  • #2,447
  • Mar 1, 2012 10:29am Mar 1, 2012 10:29am
Good evening @ all,


nice thread and thx Alorente!

One question: The paket.zip at the first post, inside are the updated indi's?



Regards

Chriss
  • #2,448
  • Mar 1, 2012 10:29am Mar 1, 2012 10:29am
Am I missing something? It appears that version 1.3 of the slope indi is only painting green up arrows. I don't see any red down arrows and I've looked at 11 currency pairs. Can anyone explain? Thanks
  • #2,449
  • Mar 1, 2012 10:34am Mar 1, 2012 10:34am
Quoting chrissfx
Good evening @ all,


nice thread and thx Alorente!

One question: The paket.zip at the first post, inside are the updated indi's?



Regards

Chriss
Yes. The latest versions.
Observation is the path to discovery.
  • #2,450
  • Mar 1, 2012 10:34am Mar 1, 2012 10:34am
Quoting pixelboy
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...
If you put the Semafor on your chart w/ the Extreme Spike you'll see it's pretty much the same thing....just one is on the chart and the other is a window. I've been using the Semafor for a long time and I like it, it's a tool and not an indicator to enter, it will show you HL HL LH LH waves.

cheers
  • #2,451
  • Mar 1, 2012 10:38am Mar 1, 2012 10:38am
In today´s slow market it is very difficult to make any money. Everything is ranging and price is clinging to the centerline. If all days where like today, I would probably be a bull fighter, carpenter, plumber, anything but a trader...
Observation is the path to discovery.
  • #2,452
  • Mar 1, 2012 10:41am Mar 1, 2012 10:41am
Hi Al, How did you do on the USDCAD trade? Still in? Enjoying your thread, Thanks!
Tracking the Specialists.
  • #2,453
  • Mar 1, 2012 10:46am Mar 1, 2012 10:46am
Quoting bluesky100
Am I missing something? It appears that version 1.3 of the slope indi is only painting green up arrows. I don't see any red down arrows and I've looked at 11 currency pairs. Can anyone explain? Thanks
You are correct. Shah, what happened to the red arrows?. They were there in 1.2.
Observation is the path to discovery.
  • #2,454
  • Mar 1, 2012 10:49am Mar 1, 2012 10:49am
Quoting Alorente
You are correct. Shah, what happened to the red arrows?. They were there in 1.2.
Also, Shah, please move the arrows so that they are touching the bar like on 1.2, so bars have more vertical space. Thanks.
Observation is the path to discovery.
  • #2,455
  • Mar 1, 2012 10:49am Mar 1, 2012 10:49am
The down arrows are black. If your chart BG is black you won't be able to see them.
  • #2,456
  • Mar 1, 2012 10:49am Mar 1, 2012 10:49am
Hi Al, Apologies for my question as I am new trader, can I confirm please that the lower green TMA band is for Longs and the Upper Red TMA band is for Shorts?

Thanks again for your help!
Tracking the Specialists.
  • #2,457
  • Mar 1, 2012 10:50am Mar 1, 2012 10:50am
Quoting Alorente
You are correct. Shah, what happened to the red arrows?. They were there in 1.2.
He did not put the indicator color for that buffer. You need to either put this in the code


#property indicator_color5 Red

Or you can manually change it in your indicator settings in the Color tab.
  • #2,458
  • Mar 1, 2012 10:51am Mar 1, 2012 10:51am
Hello Friends!

I have studied this thread and looking behind the scenes. Alfredo, I would like to congratulate you for the excellent system and all those who are contributing for the improvement. Shahrooz, Great job with the TMA Slope indicator.

Bye
If I Change, the whole World changes!
  • #2,459
  • Mar 1, 2012 10:52am Mar 1, 2012 10:52am
Quoting Alorente
In today´s slow market it is very difficult to make any money. Everything is ranging and price is clinging to the centerline. If all days where like today, I would probably be a bull fighter, carpenter, plumber, anything but a trader...
IMHO a trader is a sophisticated "matador", where the bull is PA.
  • #2,460
  • Mar 1, 2012 10:53am Mar 1, 2012 10:53am
Quoting Jemook
The down arrows are black. If your chart BG is black you won't be able to see them.
Thank you Jemook
Tracking the Specialists.
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