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Extreme TMA System

  • #2,921
  • Edited 3:33pm Mar 2, 2012 3:28pm | Edited 3:33pm
Quoting shahrooz67
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
Ouch this is what i have comparing non repainting with regular slope, it looks pretty different ( the one in the bottom is the non repainting one)

It would have crossed 0.5 line at 14:30 gmt (as per my graph)
Attached Image (click to enlarge)
Click to Enlarge Name: Capture020312.PNG Size: 122 KB
  • #2,922
  • Mar 2, 2012 3:29pm Mar 2, 2012 3:29pm
Quoting tomthepoppop
Easy way to not fix the problem - just blame the guy who brings up a problem - RIGHT

Why not just assume for a minute it really is a problem and it may be driving traders away from the site.

Why does the system exist? To use - correct To help - correct

It is the programmers who take it from 8-10kb up to 40kb that slow it down. I guess you are one of them.
OK. Enough is enough. Carl is busting his behind for NOTHING to help us all have a better system. As he says, we must work as a team. If we continue to get accusatory language of any kind I will be quick to ban the originator of that language from the thread without prior warning, and that goes for everyone. I repeat, we are serious here. We want to accomplish something important and we can only do it if we work together. No more arguments... please.
Observation is the path to discovery.
  • #2,923
  • Mar 2, 2012 3:29pm Mar 2, 2012 3:29pm
Quoting Favorite
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?

USDCHF has never signaled short Today . It was others mistakes.
So As Favorite said no body has errors with other pairs
  • #2,924
  • Mar 2, 2012 3:29pm Mar 2, 2012 3:29pm
Hey everyone I would like to apologize to everyone for taking up your time venting my frustrations over a problem that was caused by my using way too many charts for the capabilities of the equipment. I appreciate Carl taking his time via PM to give me good advice on what is actually needed. If it helps, I am using a 4 year old computer and was trying to have 17 charts up at one time. Bad idea. I am going, initially to back off to one chart running TMA until I get a much needed new, more powerful computer. Thanks Carl and I really do appreciate the dedicated and voluntary efforts of you and the other contributors to the site. -- Tom
  • #2,925
  • Mar 2, 2012 3:30pm Mar 2, 2012 3:30pm
Quoting FXDawg
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.
Thank you. I appreciate your comments.
Observation is the path to discovery.
  • #2,926
  • Mar 2, 2012 3:42pm Mar 2, 2012 3:42pm
Quoting corvogrigio
Ouch this is what i have comparing non repainting with regular slope, it looks pretty different ( the one in the bottom is the non repainting one)

It would have crossed 0.5 line at 14:30 gmt (as per my graph)

it can not be one with such nice slope

because the tma non repainting version won't correct it self and is not very eye pleasing So it has lots of sharp angle and slope breaking
  • #2,927
  • Mar 2, 2012 3:43pm Mar 2, 2012 3:43pm
Quoting tomthepoppop
Hey everyone I would like to apologize to everyone for taking up your time venting my frustrations over a problem that was caused by my using way too many charts for the capabilities of the equipment. I appreciate Carl taking his time via PM to give me good advice on what is actually needed. If it helps, I am using a 4 year old computer and was trying to have 17 charts up at one time. Bad idea. I am going, initially to back off to one chart running TMA until I get a much needed new, more powerful computer. Thanks Carl and I really do appreciate...
Ok Tom your apologize was due (if you allow me to speak this way) and you look to be in the right track now. We need to help each other and we don't need to waste time in negative thinkings and accusatory statements.

All of us we have the "remote control" so when when we don't like what " the channel is broadcasting" we can simply change the channel without making a mess.
I wish you the best...and ... be patient.

we shall overcome ....the market
  • #2,928
  • Mar 2, 2012 3:43pm Mar 2, 2012 3:43pm
Quoting eremix
Well,to be honest i havent tried MPTM,but i m sure that this EA isnt called MPTM . Does it open a new position as soon as it closes the old one as well?If so,how do u handle it?
Hello eremix,

The ea is called Multi-Purpose Trade Manager, MPTM for short. It does not enter additional trades. If you need a link, please let me know.

William
may you find what you seek and trade what you find
  • #2,929
  • Mar 2, 2012 3:44pm Mar 2, 2012 3:44pm
Quoting shahrooz67
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
Shah,

According to this chart, the slope indicator was well above 0.50 for the whole day until anhour or so ago. I donīt understand why the guys entered short trades then that gave them big drawdowns.

I thank you for the chart. Because of what I was reading when I returned, I got the impression that people felt they complied with the rules. I feel better now. Obviously, they did not.
Observation is the path to discovery.
  • #2,930
  • Mar 2, 2012 3:45pm Mar 2, 2012 3:45pm
Quoting Alorente
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.
That's the question traders have been asking since the beginning of the markets. There are literally 1000's of ways of differentiating between ranging/trending:

Higher Highs and Lower Lows
MAs (or any other of an infinite number of indicators)
Trend Lines
Multiple timeframe analysis
etc

Ask 100 people and you will get 100 different responses. The problem is that none of those ways is correct 100% of the time. Some are obviously better than others. Sometimes a combination of methods is good.

Sometimes, the method shows you are ranging....and then BOOM...the very next bar starts a very strong trend. Sometimes, the method shows you are trending, but then the very next bar starts an extended ranging period or, even worse, a complete and immediate reversal of trend.

One day awhile ago, I stopped trying to figure out the ranging/trending question. Now, I just ignore it. I stopped trying to guess or predict what "condition" the market is in and I just trade.

I really don't know what to tell you about this. I guess...pick a method and go with it. I think I read you've been using the TMA for almost a year now and have been trading for a long time. Surely you've been able to come up with some mechanism during that time to help with this crucial element of this system.

Quote
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.

Personally, I would never use the TMA or TMA Slope indicator in this way. I feel the TMA is incredibly misleading as a range/trend determinator.

There are other ways to determine the slope/angle of the TMA mid line. I only gave you one of them. You may want to explore some of the other ways. But in my opinion, they will all tell you pretty much the same thing in the end.

If you are hell-bent on using TMA Slope in this fashion, your best bet is to either use the non-repainting version to look back through history or step through history with a simulator. This should quickly give you a good idea of what the best values for range/trend determination are.
  • #2,931
  • Mar 2, 2012 3:46pm Mar 2, 2012 3:46pm
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
It is not used antmore for trading the system, but if you wanted for other reasons, here it is.
Attached File(s)
File Type: mq4 Extreme_Spike.mq4   11 KB | 697 downloads
Observation is the path to discovery.
  • #2,932
  • Mar 2, 2012 3:48pm Mar 2, 2012 3:48pm
Quoting altoronto
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.
I will study this. Sounds cool. Thanks atoronto. This is the second time you have been very helpful to us.
Observation is the path to discovery.
  • #2,933
  • Mar 2, 2012 3:49pm Mar 2, 2012 3:49pm
Quoting shahrooz67
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
Unfortunately, I don't think your non-repainting version is correct. Run your indicator and the TMA/TmaSlope through a simulator and you will see the difference.
  • #2,934
  • Mar 2, 2012 3:52pm Mar 2, 2012 3:52pm
Quoting shahrooz67
it can not be one with such nice slope

because the tma non repainting version won't correct it self and is not very eye pleasing So it has lots of sharp angle and slope breaking
mmmm.....i don't remember how come I have this file saved as tmanonrepainting slope anyway if you want to post yours I'd like to compare - I underline to newbies . just 4 study purpose...
  • #2,935
  • Mar 2, 2012 3:53pm Mar 2, 2012 3:53pm
Quoting sabrys5769
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?
Sabry,

I understand you very well. You can take the signals from the other indicators if you prefer, but please add the new rule number 4. The support and resistance rule is very important to give you more consistency and to make you more profit per trade. Please, believe me. Rule 4 is very important. All right, sweetheart?
Observation is the path to discovery.
  • #2,936
  • Mar 2, 2012 3:54pm Mar 2, 2012 3:54pm
Quoting zznbrm
Unfortunately, I don't think your non-repainting version is correct. Run your indicator and the TMA/TmaSlope through a simulator and you will see the difference.

First thanks for your great Indics

But I have just copied your TMAslope calculator you have used in your non repainting version

I tested it through a simulator and it seems to be true !

Why you think it is not correct ?!
  • #2,937
  • Mar 2, 2012 3:54pm Mar 2, 2012 3:54pm
Quoting tomthepoppop
Hey everyone I would like to apologize to everyone for taking up your time venting my frustrations over a problem that was caused by my using way too many charts for the capabilities of the equipment. I appreciate Carl taking his time via PM to give me good advice on what is actually needed. If it helps, I am using a 4 year old computer and was trying to have 17 charts up at one time. Bad idea. I am going, initially to back off to one chart running TMA until I get a much needed new, more powerful computer. Thanks Carl and I really do appreciate...

Hey Tom I was having the same challege my machine slowed down quite a bit processing all of the calculations the indis do and what I did was went into tools in the top bar (the5th tab over) and went to "options" and then the "charts" tabs and there I reduced my max bars to 5000 (a manual entry) my default setting was like 250,000 and I also reduced my "max bars in chart" to 5000 also which had a default setting of 250,000 as well cause I figured it would reduce the number of bars it had to base the calculations on and it significantly reduced my chart load time. It doesn't affect the chart appearance at all either which I checked closely. So maybe it may help speed up your machine as well. If not it's easy to change back. I hope this helps.

Robert
  • #2,938
  • Mar 2, 2012 3:57pm Mar 2, 2012 3:57pm
Since the USDCHF Short today has been called to be against the rules,
I just ran the day through strategy tester and you can see it on the screenshot that the Short was valid , I took it before Frankfurt Open.
(My entry was 0.90684 )

The bands were about 27 Pips apart,
Resistance on H4 at 0.90722 had been tested and price bounced down inside the TMA channel.

TMA Slope was 0.11 = ranging

Such trades according to the rules cannot be avoided , no system is 100%
and I just wait until I can place the Recovery trade, so what is the problem ?

Now, Al , you certainly had a LONG on USDCHF a few days before but
market went against your Long and only after 1 or 2 days you got your breakeven from the Recovery trade if I remember correctly.

There are certainly some reasons why I should not have taken the Short
( too early in the morning, Al warned about the Dollar strengthening,
too close at the upper band ) and I am looking forward to hear them from Al himself in order to learn.

http://i.imgur.com/rClVR.jpg
  • #2,939
  • Mar 2, 2012 4:01pm Mar 2, 2012 4:01pm
Quoting corvogrigio
Ouch this is what i have comparing non repainting with regular slope, it looks pretty different ( the one in the bottom is the non repainting one)

It would have crossed 0.5 line at 14:30 gmt (as per my graph)
I have used the True TMA Indi (Non repainting) for my trading and it is much less effective than the one we use. What is important in trading is the current bar value, which in TMA is precisely correct and the usefulness of the indicator, which in case of our TMA it is obviously useful since it gives us the outer bars that are critical for the system. TMA is the heart of the system and it will not be changed to True TMA just to satisfy the backtesting needs of some.
Observation is the path to discovery.
  • #2,940
  • Mar 2, 2012 4:04pm Mar 2, 2012 4:04pm
Quoting Alorente
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.
Yes, good idea. I will shoot it to you.

Everybody, have a great weekend!

Carl
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