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Extreme TMA System

  • #2,901
  • Mar 2, 2012 2:22pm Mar 2, 2012 2:22pm
Quoting sabrys5769
And, as you said me Al, my nzdusd trade on H4 has touched the botton line of tma and hit my take profit....
yes... patience is the key!!!

Grazie 1000
Sabrina
Yes Sabry. I could see that Usd was about to rise. I also said that you could change to a D1 chart and ride the position to the bottom band at 80.5 or so. Are you doing that or did you close at the bottom band of H4?
Observation is the path to discovery.
  • #2,902
  • Mar 2, 2012 2:29pm Mar 2, 2012 2:29pm
I've just spent the last day and a half reading through this thread. Wow, very impressive. Al, you are a master trader and a very giving person. I really look forward to learning from you.

I need to spend more time going back over the thread and make sure I understand the system fully before commenting, asking questions or contributing, but I look forward to being part of this group.

I'll be spending much of this weekend reading and I look forward to participating next week.
  • #2,903
  • Mar 2, 2012 2:29pm Mar 2, 2012 2:29pm
Quoting zznbrm
No, the 0.53 value is correct. If you investigate the details of the TMA and TMA Slope indicators and really understand how they compute their values, this will not surprise you all.

The TMA Slope can be incredibly misleading at times, especially during strong trends.
Zznbrm,

How do you suggest that we differentiate ranging periods from trending periods? This is absolutely crucial in what we are trying to accomplish with this system. Do you feel there is a way to do it with the slope indi or not? If not, we go back to the drawing board to build an indicator that gives us a slope value based on the angle of centerline which was the original intention, instead of ticks per bar or something like it that we have now.
Observation is the path to discovery.
  • #2,904
  • Mar 2, 2012 2:30pm Mar 2, 2012 2:30pm
Someone watching on EURJPY and USDJPY right now??

L.
  • #2,905
  • Mar 2, 2012 2:32pm Mar 2, 2012 2:32pm
I hate to see the thread degrade. I think we are all here to learn and make pips.

I think with good systems, there sometimes becomes a bit of a gap between newbies and seasoned traders as the newbies try to learn and mimic the good traders success.

For me, I know any problems I'm having are my fault, or my lack of understanding, and I have nothing but praise and thanks for the seasoned traders willing to spend their time helping us out.

Its ridiculous for people to be PM'ing negativity to anyone here. Anyone doing this, needs to evaluate what they are doing, as your spoiling this wonderful teaching opportunity for everyone.

I ask successful guys to be patient with us newbies when we ask dumb questions, or let our frustrations out a little too much. But if a firm hand is needed, then by all means do that too (i.e. questions asked and answered many times)

This has been a great experience for me and I look forward to growing personally in my knowledge that so many of you are so willingly providing.

Lets have a good weekend and come back focused on not only improving the system, but our own understanding of trading.
  • #2,906
  • Mar 2, 2012 2:37pm Mar 2, 2012 2:37pm
Quoting shahrooz67
hi AL

i have not changed the version V1-2 code at all

i think some one ( can not remember the name) came here and said we should use different values for different currencies and differet time zones

then I think EasyRyder changed the first indicator posted by Zznbrm and he has made some changes in coding by using the Tick value (tick weight)

If you are sure about the errors , I can turn back the indi what Zznbrm did


Regards


Shahrooz
Shah,

Simply look visually at the UsdChf chart by zooming out and you will clearly see that it is in a strong trend, not ranging. I need an indi that gives me a value that corresponds to what we determine to be a strong trend, ranging zone, etc. If the slope indi we have now gives us a 0.50 value when we have a strongly rising TMA and also 0.50 when we have a more horizontal TMA, then we canīt use it for the purpose we intended originally and will have to make another one that measures the angle of center line more accurately.
Observation is the path to discovery.
  • #2,907
  • Mar 2, 2012 2:44pm Mar 2, 2012 2:44pm
AL

this is USDCHF

I have used TMA_nonrepainting version(thank to zznbrm) and i am using the TMA slope v1-3 they have signaled us correctly . did not they ?!

If not Please specify exactly what is wrong with it

thx
Attached Image (click to enlarge)
Click to Enlarge Name: text book example64.gif Size: 16 KB
  • #2,908
  • Mar 2, 2012 2:46pm Mar 2, 2012 2:46pm
hi all,

has anyone got a copy of the extreme spike indicator please, as its not in the package on the first page.

many thanks

andy
  • #2,909
  • Mar 2, 2012 2:47pm Mar 2, 2012 2:47pm
Quoting Alorente
Zznbrm,

How do you suggest that we differentiate ranging periods from trending periods? This is absolutely crucial in what we are trying to accomplish with this system. Do you feel there is a way to do it with the slope indi or not? If not, we go back to the drawing board to build an indicator that gives us a slope value based on the angle of centerline which was the original intention, instead of ticks per bar or something like it that we have now.
Guys, here is my 2 cents.. let say you are trading on 1min chart with TMA (1min timeframe and halflength 56), to determine trend you can just add another TMA on chart with timeframe set to 15M chart (halflength 56) if higher TMA facing south take only short trades or vice versa for long.
  • #2,910
  • Mar 2, 2012 2:56pm Mar 2, 2012 2:56pm
Quoting corvogrigio
Well indeed ..its always been over 0.5 value all day (as far as I cans see in the graph now) so no shorts allowed today as per rules
But several people said they followed the rules when they entered shorts today on UsdChf. I was away, so its difficult for me to say if the UsdChf was under .50 at that time because it changes when it repaints.
Observation is the path to discovery.
  • #2,911
  • Mar 2, 2012 3:02pm Mar 2, 2012 3:02pm
Quoting Favorite
That's really rich... And some people call me arrogant!

The guy has 7 heavy drawdowned trades in one short day (he said, not me), but his MM is great!
Come on, guys. Stop the finger pointing and pointtless bickering. We are here to solve problems, not create them. Letīs get back to fixing what went wrong today with the system, that allowed several people to enter shorts on UsdChf when the aim of the rules was to keep them out of a counter trend trade.
Observation is the path to discovery.
  • #2,912
  • Mar 2, 2012 3:06pm Mar 2, 2012 3:06pm
Quoting crodzilla
I get all these PM's, "Hey Carl, your indicator is a piece of crap, it crashes my computer, and it doesn't work!"

Don't send me any more of those PM's please. First off, its not done yet, that is why I post it here so others can evaluate it and see why it doesn't work and why it does work. We need to all work as a team here.

If you don't like it, don't use it. Its really pretty simple.

Anyway, here is version 10.
- slope detection fixed.
- follows the rules 1-3.
- You may now enter high slope and low slope individually (0.5 and...
Carl, I was going to ask that you send me the new versions only to me to avoid all of this turmoil. You and I can discuss and test this and release it when it is a finished product. Apparently some people donīt know the difference between work in progress and a finished product, even though you repeatedly cautioned that it was not nearly finished yet. Please, from now on, send these only to me. Thanks for your fantastic work.
Observation is the path to discovery.
  • #2,913
  • Mar 2, 2012 3:16pm Mar 2, 2012 3:16pm
Quoting Alorente
Come on, guys. Stop the finger pointing and pointtless bickering. We are here to solve problems, not create them.
OK!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,914
  • Mar 2, 2012 3:16pm Mar 2, 2012 3:16pm
Quoting zznbrm
Actually, for USDCHF, it was below 0.5 until 0900 EST when it went above 0.5 for the first time today and has stayed there for the rest of the day.

This is where the non-repainting version of TmaSlope is so superior because you can see what the values are now, but also see where it has actually been previously.
As I said originally, the.50 to -.50 level was a test range area and we may have to adjust it at some point. Please, let me know what you think of the Range Zone as we have it now (0.50 to -0.50). Do you think it is appropriate or should we narrow it a little?
Observation is the path to discovery.
  • #2,915
  • Mar 2, 2012 3:17pm Mar 2, 2012 3:17pm
Quoting Alorente
But several people said they followed the rules when they entered shorts today on UsdChf. I was away, so its difficult for me to say if the UsdChf was under .50 at that time because it changes when it repaints.

Al i have just coded a non repainting TMA slope indicator and compared the data for each time on usdchf !

we had no slope under 0.5 after 7 AM GMT till now in M15 USDCHF

here is the pic

the one in the bottom is the indi
Attached Image (click to enlarge)
Click to Enlarge Name: text book example65.gif Size: 17 KB
  • #2,916
  • Mar 2, 2012 3:18pm Mar 2, 2012 3:18pm
Quoting Alorente
Yes Sabry. I could see that Usd was about to rise. I also said that you could change to a D1 chart and ride the position to the bottom band at 80.5 or so. Are you doing that or did you close at the bottom band of H4?
Yes, i know what you said about D1 but i closed at the bottom line of H4.
this is my first trade with TMA and i must practice the system more!!!
you remember that my trade has been taken with the old rules and now we have the new, i read the first page and i have installed templates and indicators but.... i dont know if i want to change..... it is difficult for me to explain but is like a question of feeling....
i don't know if you can understand me but if so what do you think about?
  • #2,917
  • Mar 2, 2012 3:19pm Mar 2, 2012 3:19pm
Quoting andyvxr
hi all,

has anyone got a copy of the extreme spike indicator please, as its not in the package on the first page.

many thanks

andy
Here it is, Andy!

But it is not the part of the system anymore!
Attached File(s)
File Type: mq4 Extreme_Spike.mq4   11 KB | 489 downloads
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,918
  • Mar 2, 2012 3:19pm Mar 2, 2012 3:19pm
Quoting shahrooz67
AL


I think zznbrm is true the results are correct and the same completly
Yes. I just tried his indi. The values are still the same. As I said before, I was not here when some guys entered the UsdChf shorts, so I cannot certify that the value of the slope indi allowed shorts or not at that time. It is important because that is a short that should never have been taken.
Observation is the path to discovery.
  • #2,919
  • Mar 2, 2012 3:25pm Mar 2, 2012 3:25pm
Quoting Alorente
Letīs get back to fixing what went wrong today with the system, that allowed several people to enter shorts on UsdChf when the aim of the rules was to keep them out of a counter trend trade.
Well, if that was the case with USDCHF we would probably have the same problem with EURUSD (because of their correlation). I never noticed anything wrong with EURUSD today and nobody mentioned this problem with EURUSD. How come?
Gentlemen always play by the rules. If they can't, they change the rules.
  • #2,920
  • Mar 2, 2012 3:26pm Mar 2, 2012 3:26pm
Thanks Fav.

I been looking through the thread, i believe the first system, could be the winner from the outset, so im happy to use that.
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