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Extreme TMA System

  • #2,581
  • Mar 1, 2012 3:03pm Mar 1, 2012 3:03pm
Quoting crodzilla
I had an idea to run my indicator on these individual currencies. Then show which pairs you should look at based on which front/back currencies were at opposite sides of the TMA bands.

You would think that would be almost a no-brainer, since now if just one currency in the pair goes your way, you still may have a chance to make some pips.

Carl
Hi Crod!

I still remember the nice work you did on T101 basket system! I appreciated then your ability to do in mt4 language what i was roughly trying to do in excel-

I, m eager to see your last release and yes I'd like to see if working on single currencies can make us able to spot the best crosses.

Thank you 4 your work. So long
  • #2,582
  • Mar 1, 2012 3:04pm Mar 1, 2012 3:04pm
Quoting crodzilla
Using CTRL-ALT-DEL and looking at windows task manager, the terminal.exe program, mine is using 200 megabytes running 2 of the indicators.

Carl

PS. Try turning the Small parameter to TRUE and see if that helps. It will only process the 15-min and 1hr timeframe.

PSS. The downside to a multi-currency, multi-timeframe indicator.
I forgot about that true setting, cool. MY PC is not up to date at all, 4 yrs. or so and I'm not having any problems at all with 8 charts going including your dashboard.

Interesting how the appearance of the slope is mostly opposite of what is on the board....

cheers
  • #2,583
  • Mar 1, 2012 3:05pm Mar 1, 2012 3:05pm
Quoting Surfnomad
Congratulations those are solid results considering todays PA...

What's gonna take to get some good movement?
Itīs not as much the market, even though it sucked big time today. I was just inundated with PMs and emails today and have not be able to look at the charts or trade at all. At least I didnīt lose money, and except for the two open trades, which I expect will still turn out ok, ALL trades since using the new rules have been winners for me. That means 18 straight in M15 and 14 straight in M1. 32 consecutive winners. Iīm impressed. I am liking this system a lot now with these new rules and the Slope indicator.
Observation is the path to discovery.
  • #2,584
  • Mar 1, 2012 3:06pm Mar 1, 2012 3:06pm
You're right Al, but I'll make an exception for you...

Here is a new version 7...

1. Has bold font for Al.
2. Fixed the small version - blocked out to much of the screen.





Carl
Attached Image (click to enlarge)
Click to Enlarge Name: GBPTMA.jpg Size: 285 KB
Attached File(s)
File Type: ex4 !ExtremeTMA_v7.ex4   35 KB | 786 downloads
  • #2,585
  • Mar 1, 2012 3:09pm Mar 1, 2012 3:09pm
Quoting crodzilla
No, you were right the first time.
If you see a BUY (price under the TMA bands) and the BUY is RED, it means TMA is trending down.
If you see a BUY (price under the TMA bands) and the BUY is GREEN, it means TMA is trending up.

However, there is one caveat to my calculations of the TMA bands...
The separate TMAslope indicator calculates on every tick. So the slope may change from up to down several times during the same bar.

Due to the sheer amount of calculations that my indicator already does for all timeframes and pairs, I only calculate the...
Carl, how many bars back is calculated for the Trend?
  • #2,586
  • Mar 1, 2012 3:10pm Mar 1, 2012 3:10pm
Quoting interbucks
I trust that this system will be streamlined (not that I have the knowledge to see what fine tuning is needed) in the near future to also suit the traders on the higher TF's, those like me with DAYJOBS.....prefer trading 4HR/Day.
I would like Al and other experts online here to give me, and maybe many others, some ideas in this regard plse.
(I'm GMT +2 by the way, and need to know what trading hours will be the best, etc....).
Thanks everyone for their input to help bring this TMA system to where it is today.
The changes we have been making to the system are not only to make it more consistent, but to make it tradable in all TFs. You can now trade the Extreme TMA system in H1, H4 and D1 and be as consistent, if not more than in M15, and not having to change any settings to accomplish that.
Observation is the path to discovery.
  • #2,587
  • Mar 1, 2012 3:10pm Mar 1, 2012 3:10pm
Quoting goldsurfer
I forgot about that true setting, cool. MY PC is not up to date at all, 4 yrs. or so and I'm not having any problems at all with 8 charts going including your dashboard.

Interesting how the appearance of the slope is mostly opposite of what is on the board....

cheers
I know why... I will need to use the updated slope calculations to ensure all currencies and timeframes measure the same... didn't someone come up with the calculations for a normalized slope?

Carl
  • #2,588
  • Mar 1, 2012 3:13pm Mar 1, 2012 3:13pm
Quoting crodzilla
You're right Al, but I'll make an exception for you...

Here is a new version 7...

1. Has bold font for Al.
2. Fixed the small version - blocked out to much of the screen.





Carl
You are just too good... What am I going to do with you...?
Observation is the path to discovery.
  • #2,589
  • Mar 1, 2012 3:13pm Mar 1, 2012 3:13pm
Quoting corvogrigio
Hi Crod!

I still remember the nice work you did on T101 basket system! I appreciated then your ability to do in mt4 language what i was roughly trying to do in excel-

I, m eager to see your last release and yes I'd like to see if working on single currencies can make us able to spot the best crosses.

Thank you 4 your work. So long
Ahh yes, the basket system. And that wasn't even in MT4. I had to export all tick data to a windows program I wrote to do all the calculations because MT4 is so slow...

How do I get into these scenarios... MT4 really sucks if you want to do some number crunching!

Thanks for the shout out corvo...
  • #2,590
  • Mar 1, 2012 3:15pm Mar 1, 2012 3:15pm
Quoting crodzilla
You're right Al, but I'll make an exception for you...

Here is a new version 7...

1. Has bold font for Al.
2. Fixed the small version - blocked out to much of the screen.





Carl
I donīt care about the size because I reduce the window to match the size of the box and have my charts in other windows. So your system gets a full window just for it.
Observation is the path to discovery.
  • #2,591
  • Mar 1, 2012 3:16pm Mar 1, 2012 3:16pm
Quoting goldsurfer
Carl, how many bars back is calculated for the Trend?
Just bar to bar... so one bar back.

But I noticed that I need to modify the slope calculations for the normalized version, so all calculations are comparing oranges to oranges in the different timeframes.

And, I'm taking the ADR modified slope which I really shouldn't be doing.

I'll fix it.

Carl
  • #2,592
  • Mar 1, 2012 3:17pm Mar 1, 2012 3:17pm
Quoting crodzilla
Ahh yes, the basket system. And that wasn't even in MT4. I had to export all tick data to a windows program I wrote to do all the calculations because MT4 is so slow...

How do I get into these scenarios... MT4 really sucks if you want to do some number crunching!

Thanks for the shout out corvo...
Is MT5 any better? How come no one uses it?
Observation is the path to discovery.
  • #2,593
  • Mar 1, 2012 3:20pm Mar 1, 2012 3:20pm
Quoting goldsurfer

Interesting how the appearance of the slope is mostly opposite of what is on the board....

cheers
What do you mean with "appearance of the slope is mostly opposite of what is on the board"...."??
  • #2,594
  • Mar 1, 2012 3:21pm Mar 1, 2012 3:21pm
Quoting Alorente
I donīt care about the size because I reduce the window to match the size of the box and have my charts in other windows. So your system gets a full window just for it.
That's how i do it, one chart for the Dash and news.

Trend is calculated one bar back, so on entering M15 trade I'm thinking i should be looking at H1 trend minimum......


cheers
  • #2,595
  • Mar 1, 2012 3:24pm Mar 1, 2012 3:24pm
Quoting Alorente
Is MT5 any better? How come no one uses it?
You would have to convert all your MT4 indies to Mt5 wouldn't you?
  • #2,596
  • Mar 1, 2012 3:34pm Mar 1, 2012 3:34pm
Quoting ninpojutsu
Good system that shows you Alorente!
This well take advantage of the good indicators of other systems and apply them to your way of working ..
Almost all systems that are highly profitable focus on the same conditions, S / R is the key!

My first trade test gbpusd closed with +20 pips.
My stop loss in the previous low.

Saludos de otro Espaņol !
What moving averages are you using with the TMA channel? Extra confirmation it seems plus they give a heads up for trend change. p.
  • #2,597
  • Mar 1, 2012 3:45pm Mar 1, 2012 3:45pm
Hi All and Al,

Here is something that might help understand your system, which by the way is super.

Some of the directions are mostly for the benefit of newcomers to MT4.


Open a 15 minute chart of any Pair.
Right click on chart, select Properties, Select Common Tab, and make sure Chart Shift and Chart auto scroll are selected.

Place Indicator on chart. Opens up the input dialog.

There are four TF variables set to 15,60,240 and 1440.

The MA is set to 56, ATR to 100 and BandShift to 2.0.

Click Ok

The White areas are the top and bottom bands of the four TFs. A heavy Black line indicates the current Bid.

So on the 15 chart you will see where the bands are for the higher timeframes.

Now the fun part.

To the Right of the "Freeway" is a White Vertical line. Select it and drag it over the PA.

The Freeway will recompute the bands for that bar as soon as there is an incoming tick. Indicators are recalculated at every incoming tick.

If you leave it at that position, in a few seconds the vertical line will move to its default position and the Freeway will show the real-time bands.

When you move the line to a swing top or bottom, pay close attention to the various band levels. Draw some horizontal lines at at those locations. You might be pleasantly surprised. In fact they might indicate when to enter or reverse a position, establish a stoploss, and take profit etc.

Cheers.

Pat
Attached Image (click to enlarge)
Click to Enlarge Name: tma freeway.jpg Size: 93 KB
Attached File(s)
File Type: ex4 TMA Freewayv3.ex4   9 KB | 832 downloads
  • #2,598
  • Mar 1, 2012 3:56pm Mar 1, 2012 3:56pm
Quoting Alorente
The changes we have been making to the system are not only to make it more consistent, but to make it tradable in all TFs. You can now trade the Extreme TMA system in H1, H4 and D1 and be as consistent, if not more than in M15, and not having to change any settings to accomplish that.
Great!!!!!
i pm you
  • #2,599
  • Mar 1, 2012 4:09pm Mar 1, 2012 4:09pm
Quoting Alorente
Itīs not as much the market, even though it sucked big time today. I was just inundated with PMs and emails today and have not be able to look at the charts or trade at all. At least I didnīt lose money, and except for the two open trades, which I expect will still turn out ok, ALL trades since using the new rules have been winners for me. That means 18 straight in M15 and 14 straight in M1. 32 consecutive winners. Iīm impressed. I am liking this system a lot now with these new rules and the Slope indicator.

Nice trading day !

thanks for every thing man.

Have a good night
  • #2,600
  • Mar 1, 2012 4:12pm Mar 1, 2012 4:12pm
Here is a random thought, since we monitor at least 9 charts or up to 18 for Al, instead of a table showing Buy/Sell we have an indicator that attaches to each chart and only calculate the TF and pair of that chart. When there is a BUY signal the chart would turn dark green, and when there is a SELL signal it would turn dark red. Kind of like what they do in THV.

Benefits:
1 - Quick to spot pair that needs attention with just a quick scan of your monitor.
2 - Don't need to try and read along tables to find pair and TF
3 - More efficient use of resource since we are not calculating anything that we won't be monitoring
4 - Seeing chart colour change is much easier to monitor than trying to keep track of colour and little BUY SELL words on a table. Therefore more brain power to decide if its a good trade.
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