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Extreme TMA System

  • #4,521
  • Mar 8, 2012 12:35pm Mar 8, 2012 12:35pm
AUDUSD Short
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  • #4,522
  • Mar 8, 2012 12:38pm Mar 8, 2012 12:38pm
AUDJPY Short
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  • #4,523
  • Mar 8, 2012 12:40pm Mar 8, 2012 12:40pm
Quoting Ever E. Man
Gee, William, you going to make the rest of us dummies feel bad about asking basic questions is you keep that up!
Sorry Ever E. I'm just having one of those days. How is your trading?

William
may you find what you seek and trade what you find
  • #4,524
  • Mar 8, 2012 12:41pm Mar 8, 2012 12:41pm
Quoting Alorente
Imstall the Scalping Slopey and take out the other one.
Thanks Alfredo.

Should I save that as a template for use only when scalping the M5?

William
may you find what you seek and trade what you find
  • #4,525
  • Mar 8, 2012 12:48pm Mar 8, 2012 12:48pm
When is better to scalp with 5M TF? When is better to scalp with the 1M? Or use the 15M SYSTEM? Is the 15M slope indi the answer?

I think we should start to refine the rules and try to figure out wich is the most profitable setup or combination of strategies that we can get with all the tools we already have.

Carl, have you tried to put your new indi on a simulator ?
I tried hard without success.

I was thinking in choose some aleatory periods and forward test in past period - with a simulator help - to make some stats for us of what combination works better. Ex: Scalp the 5M when 15M slope is ranging and scalp the 1M in the direction of the trend when 15M slope is trending.

I am able to do the work but I need the dashboard to work in a simulator. I also need more combination with the tools to try, with mechanical ways to identify signal, entry and exit points. I count with AL and the members to send me method descriptions.

What do you whink AL?

With the stats we can make some conclusions, maximize the efficiency of the tools, and make the system profits accessible to the majority.

J.O
  • #4,526
  • Mar 8, 2012 12:51pm Mar 8, 2012 12:51pm
I've just loaded that indi, in addition, and don't see any difference.
  • #4,527
  • Mar 8, 2012 12:53pm Mar 8, 2012 12:53pm
Quoting faxxion
Thanks Alfredo.

Should I save that as a template for use only when scalping the M5?

William
Sounds Good.
Observation is the path to discovery.
  • #4,528
  • Mar 8, 2012 12:54pm Mar 8, 2012 12:54pm
Quoting dogdays
Hi Carl

I'm having problems with the v17 as well. The v16 was working fine, but when I applied the v17 all the buy/sell cells are blank, I do have the header info but that's all. When I change small to true the 15m and 1hr does fill in the buy/sell cells. Just wanted let you know, if you need more info. please let me know.
Thanks for all of your hard work on this.
If you go in to edit the indicator parameters, don't change anything, and just click OK... do that 3 or 4 times after waiting about 10 seconds between clicking OK, that will also force MT4 to load the required data.

Version 17 takes longer because of the normalized slope indicator requires more data than version 16.

Carl
  • #4,529
  • Mar 8, 2012 12:56pm Mar 8, 2012 12:56pm
Quoting faxxion
Sorry Ever E. I'm just having one of those days. How is your trading?

William
My day was spent with computer problems.

Got it worked out, though. Aaah! So nice to see it boot again!

I just got finished, so pretty much took the whole day.

Thanks for asking.

Hang in there. You are a valuable asset to this thread!
The mind thinks, the heart knows...
  • #4,530
  • Mar 8, 2012 12:57pm Mar 8, 2012 12:57pm
Quoting JoaoOliveira
When is better to scalp with 5M TF? When is better to scalp with the 1M? Or use the 15M SYSTEM? Is the 15M slope indi the answer?

I think we should start to refine the rules and try to figure out wich is the most profitable setup or combination of strategies that we can get with all the tools we already have.

Carl, have you tried to put your new indi on a simulator ?
I tried hard without success.

I was thinking in choose some aleatory periods and forward test in past period - with a simulator help - to make some stats for us of what combination...
I'll check to see if I can make it "simulator safe". Basically, its just to make it look at one currency pair. I think with it trying to look at all the different currencies, it might throw off too many errors.

Let me look into it.

Carl
  • #4,531
  • Mar 8, 2012 12:57pm Mar 8, 2012 12:57pm
Quoting JoaoOliveira
When is better to scalp with 5M TF? When is better to scalp with the 1M? Or use the 15M SYSTEM? Is the 15M slope indi the answer?

I think we should start to refine the rules and try to figure out wich is the most profitable setup or combination of strategies that we can get with all the tools we already have.

Carl, have you tried to put your new indi on a simulator ?
I tried hard without success.

I was thinking in choose some aleatory periods and forward test in past period - with a simulator help - to make some stats for us of what combination...
I am working on a strategy that will merge both systems, but I need a bit more time. As soon as I have it prepared, I will release it, step by step and try to make it as clear as possible. For sure early next week.
Still, we will not know how profitable it will be until we try it for a month or so.
Observation is the path to discovery.
  • #4,532
  • Mar 8, 2012 1:01pm Mar 8, 2012 1:01pm
Quoting Ever E. Man
My day was spent with computer problems.

Got it worked out, though. Aaah! So nice to see it boot again!

I just got finished, so pretty much took the whole day.

Thanks for asking.

Hang in there. You are a valuable asset to this thread!
Thank you. What a very kind thing to say.
may you find what you seek and trade what you find
  • #4,533
  • Edited 1:22pm Mar 8, 2012 1:06pm | Edited 1:22pm
Quoting Alorente
Sounds Good.
Sorry Alfredo,

I must have not been clear. Is the scalping Slope indi only to be used for scalping or did it replace the other TMA normalized indi on all time frames.

Thank you for your patience. I do not mean to be a nuisance.

William
may you find what you seek and trade what you find
  • #4,534
  • Mar 8, 2012 1:21pm Mar 8, 2012 1:21pm
Quoting faxxion
Sorry Alfredo,

I must have not been clear. Is the scalping Slope indi only to be used for scalping or did it replace the other TMA normalized indi. If it did not replace the other TMA normalized indi, then I am still having issues on my 15M chart. I have large gaps with either no bars or black bars.

I do not mean to be a nuisance.

William
No. They are both identical except for the 15M value on the right on all TF for the Scalp, while the other one doesn´t have the 15M value above the normal value. Here is what it should look like. If not, you have computer issues.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.jpg Size: 138 KB
Observation is the path to discovery.
  • #4,535
  • Mar 8, 2012 1:35pm Mar 8, 2012 1:35pm
Quoting Alorente
No. They are both identical except for the 15M value on the right on all TF for the Scalp, while the other one doesn´t have the 15M value above the normal value. Here is what it should look like. If not, you have computer issues.
Alfredo,

Thank you for the clarification. My charts look correct now.

I lived in the Philippines for a couple of years. That is where I met my beautiful wife, Casheymay. They have a name for someone who is a little slow in learning something new. They call him "BoBo".

My wife said I am having a "BoBo" day. She must be right.

William
may you find what you seek and trade what you find
  • #4,536
  • Mar 8, 2012 1:54pm Mar 8, 2012 1:54pm
Quoting faxxion
Alfredo,

Thank you for the clarification. My charts look correct now.

I lived in the Philippines for a couple of years. That is where I met my beautiful wife, Casheymay. They have a name for someone who is a little slow in learning something new. They call him "BoBo".

My wife said I am having a "BoBo" day. She must be right.

William
Hi William,
your wife is very nice... a greeting from me!!!

P.S. today i have a" BoBo" day me too

Ciao
Sabrina
  • #4,537
  • Mar 8, 2012 2:00pm Mar 8, 2012 2:00pm
Quoting faxxion
Alfredo,

Thank you for the clarification. My charts look correct now.

I lived in the Philippines for a couple of years. That is where I met my beautiful wife, Casheymay. They have a name for someone who is a little slow in learning something new. They call him "BoBo".

My wife said I am having a "BoBo" day. She must be right.

William
Bobo means dumb in spanish. Filipino has a lot of Spanish words.
Observation is the path to discovery.
  • #4,538
  • Mar 8, 2012 2:01pm Mar 8, 2012 2:01pm
Quoting Alorente
I am working on a strategy that will merge both systems, but I need a bit more time. As soon as I have it prepared, I will release it, step by step and try to make it as clear as possible. For sure early next week.
Still, we will not know how profitable it will be until we try it for a month or so.
If you find any more of that time, could you send me some (some energy would help, too!)

Seriously, since the TMA method can be used for range trading and trend trading, it could be useful to consider the best times for trending and the best for range trading. I've read an article about a study that might help divide the day up into the best times for each method.

Basically, it boils down to this: over time, the "off hours" will be best for range trading, and the high volume, high volatility daytime (for that currency) periods are more likely to produce breakouts that are best for trend trading.

I'm sure Al knows all about this, and I'd love to get his take on it.

It, also, hints at what to trade at different times and what to avoid.

http://www.dailyfx.com/forex/educati...ade_Forex.html

http://www.dailyfx.com/forex/educati...g_Results.html

According to the article:

Best single pair to range trade at all hours for the last 10 yrs: GBP/USD

Range trading the EUR/USD 24 hrs for the last ten years would have produced an equity curve that drops at about a 45 degree angle. In other words, trend trading (taking the other side of the trade) would have been successful (other side of the trade.)

But if you had limited your range trading of the EUR/USD to a period from 7:00pm GMT to 11:00am GMT, your equity curve would have gone up almost as steeply.

BTW for those you might not be used to thinking in reverse: Any time you see an equity curve that goes straight down, it's just as valuable for trading as one that goes straight up. You just want to take the opposite side of the trade by reversing the trading method that sent it straight down. The most useles equity curve is one that goes sideways (unless you trade options.)

Best times for range trading the EUR/USD, GBP/USD, USD/CHF is the Asian session: 19:00 GMT - 11:00 GMT.

Best times for trend trading EUR/USD, GBP/USD, USD/CHF is the rest: 11:00 GMT - 19:00 GMT

If you had range traded the USD/YEN, GBP/YEN, AUD/USD, NZD/USD DURING THE SAME PERIOD, YOU WOULD HAVE LOST BIG TIME BECAUSE OF HIGH VOLATILITY.

So, basically, according to the article, it's safer to range trade the European currencies during their "off hours" and the same for the Asian currencies, since those times produce lower volatility moves.

The reverse is true for trends, daytime hours when news is released and volatility is high.

Kind of duh!, I know, but it might help.
The mind thinks, the heart knows...
  • #4,539
  • Mar 8, 2012 2:03pm Mar 8, 2012 2:03pm
Quoting Alorente
No. They are both identical except for the 15M value on the right on all TF for the Scalp, while the other one doesn´t have the 15M value above the normal value. Here is what it should look like. If not, you have computer issues.

Hi Alorente,

That chart. I notice the EURUSD keeps pinging off the midline and reversing while the slope indicator continues to show an ever increasing divergence. Do you look for a healthy short coming up or do stay away because of the Greek issue that you spoke of earlier?

Curious to know how you would play that chart.

Thank you
  • #4,540
  • Mar 8, 2012 2:15pm Mar 8, 2012 2:15pm
[quote=Alorente;5404346]Hello everyone. My name is Alfredo. You can call me Al.

At the request of many of you, I am starting today what I hope will become a thriving laboratory of ideas that will make each of us, each day, a little better trader than we were. Firstly, I must say that I have never done something like this and I will rely on the help and contribution of you to make it a success.

Hy im new in trading and i have been reading and i ti very interesting i just downloaded your package and i have a problem with the the 2 EA files? witch are those??
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