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Extreme TMA System

  • #3,041
  • Mar 3, 2012 10:27am Mar 3, 2012 10:27am
Quoting scott-ibm
Dear Favorite :

I saw at page 199, your post, mention, when we trade , no need to

see the spike signal anymore at Rule of TMA System ??

please comment , thank you ~~


SCOTT
Read the new rules on page 1. No spike needed.
Observation is the path to discovery.
  • #3,042
  • Mar 3, 2012 10:31am Mar 3, 2012 10:31am
DEAR William / FAXXION :

I saw at page 198 about your post about ......adjusted my "HrsServerTzFromGMT".....

can I see this issue more detail ?? which page starting from ??


SCOTT
  • #3,043
  • Mar 3, 2012 10:35am Mar 3, 2012 10:35am
Quoting Alorente
The main reason why I need TMA for the system is not the slope indi, but the location of the upper and lower bands. Yes, they are repainted bands, but they work beautifully for entry and exit. You can´t argue with success... If it ain´t broke, don´t fix it...TMATrue and its bands are all over the place and do not work as well.

Yes, you are correct. The current candle´s value is the same for both TMA indis, and that is the only really important candle. Past candles are only important for backtesting purposes, so I don´t care that they are repaints....
Ok i cant understand why you undermine tma true's use since tma=tma true at the current bar and thats the only one that matters.We really dont care if tma's bands are all over the place or not,just what happens at the current bar.But anyway,thats a minor thing to argue for.My personal opinion is that since tma=tma true at the current bar(that means that you enter and take profit exactly at the same point regardless of which tma you use) and since tma true offers a realistic background check as well,i prefer to use tma true unless i have a good reason not to.
As for MPTM you convinced me to use it instead of v1 robot.thanks for the tip .I ll have to use 5x5 EA for entries now though until steve tries to encorporate entry rules in MPTM.
  • #3,044
  • Mar 3, 2012 11:01am Mar 3, 2012 11:01am
Quoting Alorente
EaglePip, I am not sure that Freeway has any predictive value. I will reserve my opinion till next week because I cannot see it in real time during the weekend. It may very well be that, as I would expect, the first Time Frames that show a change in trend are the short term TFs, and the others will lag. In other words, the 15M is leading the change in trend and what you are seeing in the longer time frames are the lagging wagons of the train, that will end up following the 15M. If you set the first bar to 5 minutes, you will see what I mean. It...

Al,

This is a pretty important point! We always state that we should check the higher TF before a trade but, as you state here, it is the lower TFs that start the move and the higher TFs are lagging. How do you reconcile this?
Make things as simple as possible, but not simpler!
  • #3,045
  • Mar 3, 2012 11:37am Mar 3, 2012 11:37am
Al,
I am excited that I found your thread. I have been following it since day 2. I work a day job and it is all I can do to keep up with 30+ pages every day when I get home from work let alone look for a good trade setup. I have been trading for many years part time, I started with stock options then moved to commodities and then about 3 years age switched to Forex. I don't blow accounts but it is a struggle for me just to break even. I feel confident that the knowledge being shared here will be enough to help me turn the corner to profitiblity. A big thanks to all who have been contributing, I find the posted charts an enormous help. I will be starting this week with the 1 hour charts.

Many thanks to all
Bob
  • #3,046
  • Mar 3, 2012 12:09pm Mar 3, 2012 12:09pm
Quoting Alorente
Nitrate, I am not understanding well what noob is explaining in his post. Can you please give me a step by step explanation of how to change this? I want to make sure that I don´t screw up my MT4 installation before I touch it, so I don´t want to use trial and error. I cannot afford to lose any files or templates either. Thanks a million.
Hey Al, actually its nothing complicated, its just that sometimes for some odd reason, MT4 will fail to launch cos of the User Account Control thingy which is a Vista or Win7 related issue, it normally happens only when u install MT4 into the Program Files of the Win7 / Vista system.

The MT4LiveUpdate window might fail to launch and your MT4 will get stuck and it will never connect to its server. So the easy workaround is like i explained to Eagle is to just copy the entire folder out onto your Win7 / Vista desktop and run it from there, i'm running Windows Vista Ultimate, so i know it works for me, cos it did happen to me a few weeks back (MT4 liveupdate not running and MT4 just hangs there and never connects to its server).

The good thing about MT4 is a proper 'installation' is not needed, u can actually copy the entire MT4 folder from your current computer onto a usb drive, insert the usb drive into another new computer/notebook , copy the folder out onto the new computer, and just run mt4 with the terminal.exe file from the folder and presto ! .. all your indis and templates and profiles will just work like it was on the old computer. That's how i backup my mt4.

I've done it before so i know it works.
You gotta know when to hold 'em, know when to fold 'em ...
  • #3,047
  • Edited 12:40pm Mar 3, 2012 12:30pm | Edited 12:40pm
Quoting eremix
Ok i cant understand why you undermine tma true's use since tma=tma true at the current bar and thats the only one that matters.We really dont care if tma's bands are all over the place or not,just what happens at the current bar.But anyway,thats a minor thing to argue for.My personal opinion is that since tma=tma true at the current bar(that means that you enter and take profit exactly at the same point regardless of which tma you use) and since tma true offers a realistic background check as well,i prefer to use tma true unless i have a good reason...
If rule 2 states that you must wait for price to clear the bands, how can you say: "We really dont care if tma's bands are all over the place or not"?
Observation is the path to discovery.
  • #3,048
  • Mar 3, 2012 12:39pm Mar 3, 2012 12:39pm
Quoting SoF29
Al,

This is a pretty important point! We always state that we should check the higher TF before a trade but, as you state here, it is the lower TFs that start the move and the higher TFs are lagging. How do you reconcile this?
Who do you mean when you say: "We always state that we should check the higher TF before a trade." Certainly not me. I don´t believe you get an adequate reading of trend when you check the higher time frame. Other traders say that, but to me, the only real trend that counts is the one the pair is at the moment of the trade, not the one it has been for the past x number of candles. Now if you assume that just because a pair has been in a specific trend up to a candle ago, it will continue to be in that same trend for the next 10 candles, which are the candles of interest for the trade you just placed, then I would agree with you. But what tells you that the trend will not change on the next candle or the one after that?. I believe our slope indicator does a better job of giving you the present trend at any moment in time than the higher time frame does.
Observation is the path to discovery.
  • #3,049
  • Mar 3, 2012 12:55pm Mar 3, 2012 12:55pm
Quoting SoF29
Al,

This is a pretty important point! We always state that we should check the higher TF before a trade but, as you state here, it is the lower TFs that start the move and the higher TFs are lagging. How do you reconcile this?
In relation to who starts the change in trend, the smaller TF or the Larger TF, I ask you: What transcends before, 5 minutes or an hour. A change in trend will clearly be visible in the chart earlier with 5 minute candles than with 1 hour candles. In fact, you will get 12, 5 minute candles that will show you the initial curvature of price action in a change of trend, while with hourly candles, you will just get one. How can you tell a trend has begun to change 55 minutes ago by looking at only one candle? So I believe that the TMA will begin to curve earlier on a 5M TMA than in 1H TMA. The Freedom indi, only reflects the status of the outer bands at any point in time, and the levels of those bands are directly affected by the curvature taking place, and they will begin to turn earlier in the shorter TF than in the longer one. If what I´m saying is correct, the bands that you see in the indi will follow what has already happened in shorter frames (1M and 5M) and not lead them like what was speculated before. Summarizing: I don´t think the Freedom indicator has any predictive value whatsoever. If I´m wrong, I´ll be the first one to admit it and I will also be happy to do it, because we would have found the Holy Grail in a colorful and easy to read indicator..
Observation is the path to discovery.
  • #3,050
  • Mar 3, 2012 1:01pm Mar 3, 2012 1:01pm
Hola, Alfredo soy de Ecuador, lo primero que supe del forex lamentablemente fue mediante estafas por Internet, en mi país lo que se sabe del forex es conocido por una estafa, y muchos han sido victimas de empresas que han desaparecido con el dinero de los clientes.

Empecé pensando que era fácil ganar dinero en Forex, por lo que pude algunos ahorros en manos de traders que se publicitaban en plataformas de internet como zulutrade, que si bien no son una estafa, se publicitan buenos y malos traders, que tienen rachas de ganancias pero al final se termina el dinero, con lo que aprendi que no puedes confiar en otros para que te lleven la cuenta, si es que no conoces las bases de forex.

En vista de haber perdido mi cuenta, decidí empezar a estudiar por mi mismo este mercado, que me parece fabuloso, pero que tiene tantos sinsabores, creyéndolo saber todo maneje mi propia cuenta, pero también he perdido mi capital.

Hice un alto, tenia que hacerlo, y ahora estoy en ello, me siento todas las mañanas a mirar como se mueven los precios en diferentes cartas, preferentemente en todas las parejas de dólares.

He encontrado varias cosas, y una de ellas que me pareció bastante interesante, es que vigilando las cartas, por ejemplo eurusd y gbpusd, en una tendencia alcista, sin que haya resistencia en eurusd, los precios reaccionan a la resistencia de gbpusd, es decir la resistencia de una moneda afecta a otra, asi mismo sucede con eurusd y eurjpy, ya que si inicia una tendencia alcista en eurusd un poco después lo hará eurjpy, esto lo entiendo porque todas las monedas estan ligadas de una manera u otra, es por eso que entiendo su concepto de mirar todo el mercado en conjunto, pero es difícil con 18 cartas, si bien es cierto que no hay que ser un experto para vigilarlas, hay que hacerlo un habito, que requiere de tiempo y disciplina, adapdtar los sentidos, sentarse cómodamente en su sillón y ver que nos dice el mercado, sin actuar, sin entretenerse, solo mirarlo, por que para ver como afecta una resistencia de un par a otro par, eso no se lo puede testear, no se le puede hacer un basketing, eso solo lo hace la observación continua del mercado, que es complicado, tal vez, pero debería volverse fácil si hacemos de esto nuestra profesión o nuestro mejor pasatiempo, no tenemos que esperar sentado a que nos llegue el santo grial de los sistemas, nosotros debemos trabajar para ello, hacer nuestro propio sistema, o algo mas fácil encontrar un buen sistema como el de Alfredo y hacerlo nuestro, sentirlo nuestro, conociendo todas sus fortalezas y debilidades, leyendo atentamente todo este extenso tema, que es difícil porque crece como espuma, pero al final valdrá la pena.

En cuanto a usted Alfredo, le agradezco de corazón por este tema ya que me esta devolviendo la confianza de volver a empezar o de continuar en la conquista de este mercado.

Mis mejores deseos, y siga adelante, y espero por el bien de todos los compañeros que no se deje quitar esa buena energía por algunos comentarios o peleas en este tema.

Una vez mas gracias, no hablo ingles, por eso he decidido publicar esto en español para que usted entienda mejor mi mensaje.

Un fuerte abrazo desde Ecuador.
IH - B221 Return Today: -0.2%
  • #3,051
  • Mar 3, 2012 1:02pm Mar 3, 2012 1:02pm
Quoting nitrate73
Hey Al, actually its nothing complicated, its just that sometimes for some odd reason, MT4 will fail to launch cos of the User Account Control thingy which is a Vista or Win7 related issue, it normally happens only when u install MT4 into the Program Files of the Win7 / Vista system.

The MT4LiveUpdate window might fail to launch and your MT4 will get stuck and it will never connect to its server. So the easy workaround is like i explained to Eagle is to just copy the entire folder out onto your Win7 / Vista desktop and run it from there, i'm running...
Wow, that´s neat. so I can take the whole folder on a USB drive when I travel and use my MT4 on any computer anywhere? That´s really cool. As you can see, I may know a little about trading, but I am of average knowledge when it comes to hardware.
Observation is the path to discovery.
  • #3,052
  • Mar 3, 2012 1:11pm Mar 3, 2012 1:11pm
Quoting Vicente
Hola, Alfredo soy de Ecuador, lo primero que supe del forex lamentablemente fue mediante estafas por Internet, en mi país lo que se sabe del forex es conocido por una estafa, y muchos han sido victimas de empresas que han desaparecido con el dinero de los clientes.

Empecé pensando que era fácil ganar dinero en Forex, por lo que pude algunos ahorros en manos de traders que se publicitaban en plataformas de internet como zulutrade, que si bien no son una estafa, se publicitan buenos y malos traders, que tienen rachas de ganancias pero al final se...
Muchas gracias Vicente. Sencillamente, no tengo nada que añadir. Está claro que sabes lo que dices. Sigue el sistema a rajatabla y continua leyendo lo que publicamos y ya verás como esto del Forex comienza a tener un sentido lógico para ti. Todo en esta vida parece mas dificil de lo que es cuando no lo conoces a fondo. No es porque en efecto lo sea, sino porque no hemos alcanzado aun un nivel alto de confianza en su manejo. La falta de confianza es tu peor enemigo, aunque el exceso de confianza tambien es nocivo y perjudicial para el balance de tu cuenta.

Saludos y buena suerte.

Un abrazo.
Observation is the path to discovery.
  • #3,053
  • Mar 3, 2012 1:22pm Mar 3, 2012 1:22pm
Quoting Alorente
Who do you mean when you say: "We always state that we should check the higher TF before a trade." Certainly not me. I don´t believe you get an adequate reading of trend when you check the higher time frame. Other traders say that, but to me, the only real trend that counts is the one the pair is at the moment of the trade, not the one it has been for the past x number of candles. Now if you assume that just because a pair has been in a specific trend up to a candle ago, it will continue to be in that same trend for the next 10 candles, which...
Thanks Al. There is/was a perceived wisdom that you should always check the higher TF before a trade - this has been mentioned numerous times on the thread by others. Your view is very clear and I totally agree that the slope indicator is a better guide.
Make things as simple as possible, but not simpler!
  • #3,054
  • Mar 3, 2012 1:55pm Mar 3, 2012 1:55pm
Quoting Eamonn
Attachment Hi Al,

I've put crodzillas dashboard with your 15 min template on the Sigtrader mt4 platform and and put all eight currency indices (indexes) (usd,eur,gbp,chf,jpy,cad,aud nzd) on the dashboard. It gives a great heads up to which currency is strong or weak

Cheers

Eamonn.
Eamonn, that was mentioned earlier in the thread. It seems logical to find one currency in the buy zone and one in the sell zone, then trade the pair. You basically have a 66% chance to make some pips, vice a 50% chance by just watching the pair.

Carl
  • #3,055
  • Mar 3, 2012 1:56pm Mar 3, 2012 1:56pm
Quoting Alorente
Good point. I devote one window solely to the Dashboard. The other chart windows are clean. Maybe that´s why I´m not having any issues whatsoever.

Carl, do you ever sleep?

Yes, I do. And when I do, I wake up to find that I have to read 20 more pages.
  • #3,056
  • Mar 3, 2012 1:56pm Mar 3, 2012 1:56pm
HI Al

sorry for the off topic but since it is the weekend If you don't mind could you share some of your photoes of how you play golf and other leisure activities that you would like to do in the weekends please.

and i completely understand if you don't like my request i beg your pardon .

P.s
i know that your earlier photos of your house and trading room is very inspirational for lot of ambitious traders .
  • #3,057
  • Mar 3, 2012 1:57pm Mar 3, 2012 1:57pm
Quoting RoyPK
Hi Carl,

Thank you very much for giving us the dash board indicator. I have a request: Is it possible to make the indicator 'ON TOP ALWAYS' to any chart pair we are viewing?

Thank you again.

Roy
Roy, the ALWAYS ON TOP function is going to have to be done manually (by you). Sorry, MT4 will not support that function.

Carl
  • #3,058
  • Mar 3, 2012 1:57pm Mar 3, 2012 1:57pm
Quoting Alorente
If rule 2 states that you must wait for price to clear the bands, how can you say: "We really dont care if tma's bands are all over the place or not"?
Let me ask you something else.If the price cleared tma's bands wouldnt also clear tma true's bands(since tma= tma true @ the current bar)?
  • #3,059
  • Mar 3, 2012 2:00pm Mar 3, 2012 2:00pm
Thanks Al for being so generous,
Your insights are of tremendous worth and are of great value to any method of trading, not to mention this excellent approach.

Looking forward to what the next few weeks bring, hope to be of some small help
  • #3,060
  • Mar 3, 2012 2:26pm Mar 3, 2012 2:26pm
Quoting eremix
Let me ask you something else.If the price cleared tma's bands wouldnt also clear tma true's bands(since tma= tma true @ the current bar)?
No because TMA repaints past bars to smooth (Average) the movement of the bands Instead of the herky jerky motion painted by the TMATrue.

Do me a favor. Install the TMATrue indi below on the same M15 EurUsd chart where you have your TMA. Look at it and tell me if the bands can be traded as per rule 2. Enough said...
Attached File(s)
File Type: ex4 TmaTrue.ex4   5 KB | 735 downloads
Observation is the path to discovery.
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