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Extreme TMA System

  • #2,461
  • Mar 1, 2012 10:57am Mar 1, 2012 10:57am
Thanks for the thread and ideas!
Just a question - is it not more logical to colour code the Slope indie, based on whether it's growing or going down (like AO), rather than if it's above or below 0? If I understand the rules correctly, that is what's really important. A non-existant coder like I am, I can probably make something using iCustom function and somebody else's indicator, but I don't know how to modify the existing indie to do that.
  • #2,462
  • Mar 1, 2012 10:59am Mar 1, 2012 10:59am
Quoting Connected
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!
Correct.
Observation is the path to discovery.
  • #2,463
  • Mar 1, 2012 11:00am Mar 1, 2012 11:00am
Al, do you still use the following rule:

"If after placing a trade, the market moves against me, and the TMA center line reaches my entry price, I then set a BE Target Price." (#478)
  • #2,464
  • Mar 1, 2012 11:03am Mar 1, 2012 11:03am
Quoting FatherJack
Thanks for the thread and ideas!
Just a question - is it not more logical to colour code the Slope indie, based on whether it's growing or going down (like AO), rather than if it's above or below 0? If I understand the rules correctly, that is what's really important. A non-existant coder like I am, I can probably make something using iCustom function and somebody else's indicator, but I don't know how to modify the existing indie to do that.
That is a good suggestion. We will work on it and If it looks like it will be of help, we will change it on version 1.4 which will probably include voice alarms also. Yes, you can turn them off if you so desire, I can imagine me with 18 charts and getting 18 female voices: "Slope is down, slope is up..."
Observation is the path to discovery.
  • #2,465
  • Mar 1, 2012 11:06am Mar 1, 2012 11:06am
Quoting Olarion1975
Al, do you still use the following rule:

"If after placing a trade, the market moves against me, and the TMA center line reaches my entry price, I then set a BE Target Price." (#478)
I do it at -100 pips for all positions, but the above I use or not depending on my view of the price action at the time. It is a good practice to do it in general though.
Observation is the path to discovery.
  • #2,466
  • Mar 1, 2012 11:07am Mar 1, 2012 11:07am
Quoting FatherJack
Thanks for the thread and ideas!
Just a question - is it not more logical to colour code the Slope indie, based on whether it's growing or going down (like AO), rather than if it's above or below 0? If I understand the rules correctly, that is what's really important. A non-existant coder like I am, I can probably make something using iCustom function and somebody else's indicator, but I don't know how to modify the existing indie to do that.
You could make a slope of slope indicator easily. But actually both the absolute slope and it's change are part of the rules. Also the arrow does a pretty good job of defining the changes in value direction. Though the arrows are also a crude divergence indicator because they only fire if price is moving opposite on that bar and it is a peak.
  • #2,467
  • Mar 1, 2012 11:09am Mar 1, 2012 11:09am
Quoting pixelboy
I've just had a chat to my broker (OANDA) regarding the use of separate accounts to limit risks to a fixed %. I wanted to check with them what exactly happens at the point of margin call and how much of a dent is made in the account.

...

PB
pixelboy,

If I'm not mistaken, one of the key features needed to make this work is the ability to move money from one account to the other. I spoke with Oanda some time ago about this and they did not have an easy solution for moving money between the accounts. Is this still the case?

Greg
  • #2,468
  • Mar 1, 2012 11:11am Mar 1, 2012 11:11am
Hi Al, can also ask what is the green arrows for?

Thanks again for your help!
Tracking the Specialists.
  • #2,469
  • Mar 1, 2012 11:12am Mar 1, 2012 11:12am
I ma going to fix the error now
  • #2,470
  • Mar 1, 2012 11:12am Mar 1, 2012 11:12am
Blocked the background of the grid, so the candles don't get in the way.
Buy means price is below the band. Sell, above.
Green Buy/Sell, means the TMA trend is up.
Red Buy/Sell, means the TMA trend is down.

As someone has found out... if a program you have installed has modified the system fonts, the grid will not show up properly. I am using the "Ariel" and "Webdings" system fonts.

I have removed the Monthly and Weekly timeframes per Al.

Carl
Attached Image (click to enlarge)
Click to Enlarge Name: EURTMA.jpg Size: 327 KB
Attached File(s)
File Type: ex4 !ExtremeTMA_v6.ex4   32 KB | 745 downloads
  • #2,471
  • Mar 1, 2012 11:13am Mar 1, 2012 11:13am
Quoting Paradox
You could make a slope of slope indicator easily. But actually both the absolute slope and it's change are part of the rules. Also the arrow does a pretty good job of defining the changes in value direction. Though the arrows are also a crude divergence indicator because they only fire if price is moving opposite on that bar and it is a peak.
Yes. The arrows serve that function pretty well. I´m afraid if we color the bars differently depending on whether they are rising or falling, we would end up with a colored zebra of sorts. A confusing zebra it would be.
Observation is the path to discovery.
  • #2,472
  • Mar 1, 2012 11:13am Mar 1, 2012 11:13am
Quoting Alorente
That is a good suggestion. We will work on it and If it looks like it will be of help, we will change it on version 1.4 which will probably include voice alarms also. Yes, you can turn them off if you so desire, I can imagine me with 18 charts and getting 18 female voices: "Slope is down, slope is up..."
Sounds acceptable Anyway's here's what I managed to do - Slope direction in the candles! :nerd:
Go for more bells and whistles!
Attached Image (click to enlarge)
Click to Enlarge Name: ца.gif Size: 33 KB
Attached File(s)
File Type: mq4 Candles.mq4   3 KB | 579 downloads
  • #2,473
  • Mar 1, 2012 11:14am Mar 1, 2012 11:14am
Quoting crodzilla
Blocked the background of the grid, so the candles don't get in the way.
Buy means price is below the band. Sell, above.
Green Buy/Sell, means the TMA trend is up.
Red Buy/Sell, means the TMA trend is down.

As someone has found out... if a program you have installed has modified the system fonts, the grid will not show up properly. I am using the "Ariel" and "Webdings" system fonts.

I have removed the Monthly and Weekly timeframes per Al.

Carl
Yeah !!! You did it. I knew you could do it !!...
Observation is the path to discovery.
  • #2,474
  • Mar 1, 2012 11:16am Mar 1, 2012 11:16am
Quoting FatherJack
Sounds acceptable Anyway's here's what I managed to do - Slope direction in the candles! :nerd:
Go for more bells and whistles!
Looks like Christmas again. I´ll look at it. I´ll let you know if I see any trading advantage in it.
Observation is the path to discovery.
  • #2,475
  • Mar 1, 2012 11:17am Mar 1, 2012 11:17am
Quoting Forex Girl
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
You are welcome
Please download the latest one . it is the correct one.
  • #2,476
  • Mar 1, 2012 11:18am Mar 1, 2012 11:18am
Quoting Alorente
The reason I exited at centerline is UsdJpy was also weakening and I feel the Usd is strong right now. Going to the opposite band was too optimistic. It may do it, but as they say in Spain:

A bird in the hand is worth more than 2 in the air.
That in italian sounds:" better an egg now than a chicken tomorrow"

Well...starting now to read the new 20 pages I missed since this mornig...let's see whats happened

Al,
by the way, .....i read this morning you were suggesting to another of us that like me has only few hours 4 trading to refer to H1 timeframe. Do you exclude the H4 timeframe ? Or would it be too suitable 4 me under certain conditions ?

(I usually can attend trading all day on monday only- a flat day usually sigh- and I'm off in the other days from 9 am to 4 pm gmt.)

Sorry if bothering you, but I'd really appreciate and need your advice.

I feel in such bad mood as having finally met (since 5 years) a system I like and I feel comfortable with (thank to you) I cannot use it.

It s like a hunterman that after been waiting for his gun now that he has can go hunting only when birds are in their nest! (Just an allegory I don't like hunting)

Thank you in advance
  • #2,477
  • Mar 1, 2012 11:19am Mar 1, 2012 11:19am
Quoting Alorente
Yeah !!! You did it. I knew you could do it !!...
Yea, there are some unwritten mq4 programming "things" you have to do to get that to work. Trial and error.

I spend more time keeping up with this thread... 20 pages this morning...

Carl
  • #2,478
  • Mar 1, 2012 11:19am Mar 1, 2012 11:19am
if the price action is hovering around the central Blue TMA line this means that we are waiting for price action to move upto the outer bands so we csan go long/short?

Also what do the green arrows mean please?

Thanks again!
Tracking the Specialists.
  • #2,479
  • Mar 1, 2012 11:29am Mar 1, 2012 11:29am
Quoting bluewatercat
pixelboy,

If I'm not mistaken, one of the key features needed to make this work is the ability to move money from one account to the other. I spoke with Oanda some time ago about this and they did not have an easy solution for moving money between the accounts. Is this still the case?

Greg
Hello Greg,

Having small sub accounts that limit Alfredo's loss to 4% of his trading capital is how he manages his risk. He say's that is how the big players keep the bulk of their capital segregated from excessive loss. For us mere mortals we just use a stop loss. It is not an integral part of the system.

William
may you find what you seek and trade what you find
  • #2,480
  • Mar 1, 2012 11:35am Mar 1, 2012 11:35am
Quoting Alorente
Hey goldsurfer,



What do you think of the system so far? Are you using it for backup or actually trading it by the rules?
Hey Al
Well jury is still out for me, no I've incorporated it to match what I like to do. I can never make myself trade a method exact, it has to be part me.

The amount of pips you say you make daily is impressive, er mind boggling.
I'll continue to follow along and when what I want to happen HAPPENS,
I'll let you know

carry onward

cheers
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