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Extreme TMA System

  • #3,341
  • Mar 5, 2012 2:19am Mar 5, 2012 2:19am
corvogrigio or somebody,

Would you please repost a working version of TMAslope ver 1.3. The 1.3 on the zip file on page one does not seem to work on my fxdd and ibfx demo charts. It won't attach to the chart.
thanks

Quoting corvogrigio
pic of previous post
  • #3,342
  • Mar 5, 2012 2:21am Mar 5, 2012 2:21am
Quoting tig07
corvogrigio or somebody,

Would you please repost a working version of TMAslope ver 1.3. The 1.3 on the zip file on page one does not seem to work on my fxdd and ibfx demo charts.
thanks
here you are
Attached File(s)
File Type: mq4 TmaSlope.v1.3.mq4   8 KB | 687 downloads
  • #3,343
  • Mar 5, 2012 2:22am Mar 5, 2012 2:22am
What's the indi on the right hand side of your chart please (black background with blue/yellow bars)?
  • #3,344
  • Mar 5, 2012 2:25am Mar 5, 2012 2:25am
Quoting handy148
What's the indi on the right hand side of your chart please (black background with blue/yellow bars)?
tma freeway it gives the position of tma in other timeframes . I like to have this overview as i usually have no time to trade M15 - but its not part of official setup at the moment.
  • #3,345
  • Mar 5, 2012 2:25am Mar 5, 2012 2:25am
Quoting corvogrigio
Risk Off =

Usd higher
Euro lower
Jpy higher
S&P500 lower
Gold lower
Oil lower
Gbp higher but not as much as Usd.

Another question if you have time

Under those conditions would mean that we can still trade usdjpy gbpjpy and gbpusd in both directions if rules are met (maybe wanting to be a bit cautious in longing gbpusd) ???

Thank a million if you can clarify this
Yes, those can be traded both ways. You will have pull backs also on the all the pairs, like we are having on EurUsd right now.
Observation is the path to discovery.
  • #3,346
  • Mar 5, 2012 2:28am Mar 5, 2012 2:28am
Al, as we are ok to short EUR,

EUR/AUD 15M, a few bars back price touched R2 twice and boucned down a bit but did not make the center line (I did not take the trade) and price is coming back up to R2.

Because the previous bounce was weak would you not be interested if price comes back to R2 again?

Or do you just play it by the 4 rules and take it despite the previous weak retracement?
  • #3,347
  • Mar 5, 2012 2:30am Mar 5, 2012 2:30am
Hiya,

Does tmaslope repaint ?
  • #3,348
  • Edited 2:33am Mar 5, 2012 2:32am | Edited 2:33am
Yes it has been mentioned many times in this thread that we are using the repainting version.

I understand Al prefers the non repainting version for visual backtesting only.
  • #3,349
  • Mar 5, 2012 2:33am Mar 5, 2012 2:33am
Quoting normtold
Al, as we are ok to short EUR,

EUR/AUD 15M, a few bars back price touched R2 twice and boucned down a bit but did not make the center line (I did not take the trade) and price is coming back up to R2.

Because the previous bounce was weak would you not be interested if price comes back to R2 again?

Or do you just play it by the 4 rules and take it despite the previous weak retracement?
I am in that trade as well as EurCad. When to enter is up to you, but since it already tested R2 twice and price is above the band, you can take the trade if you want.
Observation is the path to discovery.
  • #3,350
  • Mar 5, 2012 2:35am Mar 5, 2012 2:35am
Quoting flaw
Ever E Man,
When I compile the file I intended to post it when done, so I was selecting for everyone, include all the newbies and oldbies. Sometimes little tip makes a huge difference.
flaw
Got it! I started to do the same, but way too much material. I think editing is the only way. Newbies must read a little.
Spoon feeding doesn't work, I think.

Are you trading? I'm still absorbing everything.

My take away so far.

>Decide risk on, risk off and round up the usual suspects.
(Otherwise, you'll be sorry. Maybe not today, maybe not tomorrow, but soon and for the rest of you life.)
(Risk off~USD, JPY, GBP up, S&P500, gold, oil down, & vice versa)
>Check S&R, (fib) pivots, whole #'s and trade with them and not against them.
>Apply the 4 rules.
>Once price is above, or below, TMA, wait for double/triple bounce.
>Enter 2 lots after 2nd/3rd bounce, #1 TP at center line if PA stalls past 3 bars.
>If PA doesn't stall at center line, move both lots' TP to opposite band.
>If 1 or both lots retraces back to entry, personally, I'm out, as I don't like to wait for recovery.
Sound like that's what your getting?
The mind thinks, the heart knows...
  • #3,351
  • Mar 5, 2012 2:36am Mar 5, 2012 2:36am
Does the bar repaint colour or just the arrows change place on the tmaslope ?
  • #3,352
  • Mar 5, 2012 2:37am Mar 5, 2012 2:37am
Hi Alorente and all, I came to this thread on last friday after markets closed so I wasnt able to really see how the TMA and TMA slope work. Now on monday Im able to watch it live and really like it. I hope I understood it right and you 1st want to proof over time that your system is working and 2nd look with all the other traders for ways to maybe make it even better. I like to work with the donchian channel 20 (20 bars) as a stop and also trailing with it, so my first thought was: look for the TMA slope to be above 0.5 (for shorts all v.v.) and wait for a bar to touch the lower TMA band (touch means Low below and High above the band). Then enter when price on the the next bar goes above the High. Your stop is the donchian 20. Exit which ever way you prefer all when touching the upper band or half there and trail the rest with the donchian 20 or just trail all with the donchian 20 or what ever else is your way. I saw this discussion starting about repainting indicators. This way you simply dont have it. Just take the signal. sometimes you will be stopped out but overall you get small losses and big winners. It works so nice on 15min, 30min and 1H .... for all the pairs. Are you missing some trades? Yes, sure. But it keeps you out in ranging markets and looking for signals on all the timeframes and all the pairs there are so many trades in a week that I think its not a problem to miss one here and there. I hope these thoughts are not distracting from your basic idea. Just have a look to it and decide for yourself wether you like it or not. However my deepest respect for all the efforts you made to start this thread and share your idea. Thank you very much, I really appreciate this. I try to attach a USDCHF 1H chart now (doing that for the 1st time ) cause a picture is a 1000 words. Have a nice day all
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 1H Long tade.jpg Size: 322 KB
  • #3,353
  • Mar 5, 2012 2:40am Mar 5, 2012 2:40am
Quoting Ever E. Man
Got it! I started to do the same, but way too much material. I think editing is the only way. Newbies must read a little.
Spoon feeding doesn't work, I think.

Are you trading? I'm still absorbing everything.

My take away so far.

>Decide risk on, risk off and round up the usual suspects.
(Otherwise, you'll be sorry. Maybe not today, maybe not tomorrow, but soon and for the rest of you life.)
(Risk off~USD, JPY, GBP up, S&P500, gold, oil down, & vice versa)
>Check S&R, (fib) pivots, whole #'s and trade with them and not against...
Good thought process. No overconfidence which is good. It is always healthy to show the market a lot of respect. It can jump back and bite you at any moment.
Observation is the path to discovery.
  • #3,354
  • Mar 5, 2012 2:53am Mar 5, 2012 2:53am
AL, can you point some objective thoughts for why are you not taking LONG setups on EUR pairs and SHORT on USD pairs ?
In my opinion if you can share with us a bit of your trading routine and the things that you take a look EXTRA-SYSTEM before take a trade, lots of followers answers will be more clearer.

Certainly this periods off risk-off will occur again... and you will not be with us forever, so, if you can teach us how to identify this periods will be great.

I know that probably is not something easy, and its impossible to share 30 years off experience in a couple words... but I'll be really thankful if you make the effort and share a bit of the knowledge necessary ( and the things that we need to take a loot at ) to make the conclusion that we are in a risk-off or risk-on period.

Different charts setups, Higher TF's analysis, Dollar Index analysys...

Can you do a brief dissertation with objective points that make you believe we are in a risk-off period ? What did you look at ?

I know it will take some work but is really important for me ( and I believe for other members as well ) to understand when not take a trade even if the sign has occured.

Thanks a lot,
Brazillian salutes,

J.O
  • #3,355
  • Mar 5, 2012 2:57am Mar 5, 2012 2:57am
Quoting Alorente
That is amazing, Mike. You deserve a lot of the credit. You talked me into this...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,356
  • Mar 5, 2012 3:04am Mar 5, 2012 3:04am
Quoting flaw
Hope it works. Here's the file.Attachment
Maybe Al could give the link to this post in his first post.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #3,357
  • Mar 5, 2012 3:05am Mar 5, 2012 3:05am
Started my own word doc. of most of Al's wisdom that I think will help me to reread. When demo trading starts to get boring I start reading it again. Everyone learns differently...writting stuff down seems to help me the most. How do others learn?

Al has lots of wisdom and explains things the way I like them. God is blessing us both!

Steve
  • #3,358
  • Mar 5, 2012 3:08am Mar 5, 2012 3:08am
Should I pray to the Mother of God, or do I limit myself to just Holy Fathers?
People, I do not want to be a spoilsport, but c'mon...
You shall not make for yourself an idol.
And you do, with Al's nice office and wateworks. When he's tired - he'll walk away. What will you be left with? The Slope of TMA? Never heard it saved anyone's soul.
It takes courage, devotion, sometimes death. But not copying someone's template into a Metatrader folder and becoming rich tomorrow. It's a direct path to Hell though.
Think yourself!

Just joking - nice to watch the thread grow. Vanity... Feck off FatherJack.
  • #3,359
  • Mar 5, 2012 3:15am Mar 5, 2012 3:15am
Thanks - you certainly have a nice looking template there.
  • #3,360
  • Mar 5, 2012 3:15am Mar 5, 2012 3:15am
I am in EURUSD, GBPUSD, EURAUD and EURCAD. Will let it run to profit for as long as it takes following the recovery method. Lotsize 0.01 each trade. When all 4 are closed I will let you know how it went.
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