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Extreme TMA System

  • #4,541
  • Mar 8, 2012 4:21pm Mar 8, 2012 4:21pm
Quoting Ever E. Man
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.)
10 years is a very long time.

And as far as I understand EURUSD and GBPUSD are highly correlated. So how come GBPUSD is perfect for range trading and at the same time EURUSD is no good?

P.S. Ever E. Man, thank you, it's an interesting article.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #4,542
  • Mar 8, 2012 4:23pm Mar 8, 2012 4:23pm
Hi Alfredo and all I'm really learning the method is very intuitive and simple, takes very good price movement. I got THV trix and I think that is an indicator that can give a little more information I would like your impression and I also like to know as an official in 5 m sl and tp thank you very much it would put Alfredo and health. a greeting Xabi
  • #4,543
  • Mar 8, 2012 4:23pm Mar 8, 2012 4:23pm
Quoting Browserguy
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
As I said in a previous post, I am short both EurUsd ans EurJpy. Leaving my positions overnight.
Observation is the path to discovery.
  • #4,544
  • Mar 8, 2012 4:24pm Mar 8, 2012 4:24pm
[quote=Markillo;5457869]
Quoting Alorente
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...
5x5 Buy and 5x5 Sell.
Observation is the path to discovery.
  • #4,545
  • Mar 8, 2012 4:31pm Mar 8, 2012 4:31pm
Quoting Favorite
10 years is a very long time.

And as far as I understand EURUSD and GBPUSD are highly correlated. So how come GBPUSD is perfect for range trading and at the same time EURUSD is no good?

P.S. Ever E. Man, thank you, it's an interesting article.
Yeah, I didn't quite understand that chart. Maybe it was the way they were traded, as it was an empirical study of winning traders, not an analysis, which should have shown the EURUSD and GBPUSD more highly correlated.

"We’ve seen records for thousands of traders, and we’ve seen what works and what doesn’t. Here is a chart of the profitable trades in FXCM accounts in the 5 most popular pairs, displayed by the hour of day:

http://media.dailyfx.com/illustratio...dy_Chart_3.png

You can see that this generally correlates with the low-volatility trading hours. Traders tend to see the best results during the low volatility Asia Session hours..."
The mind thinks, the heart knows...
  • #4,546
  • Mar 8, 2012 4:35pm Mar 8, 2012 4:35pm
Quoting Alorente
As I said in a previous post, I am short both EurUsd ans EurJpy. Leaving my positions overnight.

"Leaving my positions overnight"

Thanks for the response. I shorted this earlier in the day and it has worked against me thus far. Didn't close it out due to larger picture almost insisting on an imminent, downward turn.
  • #4,547
  • Mar 8, 2012 4:41pm Mar 8, 2012 4:41pm
Quoting Favorite
10 years is a very long time.

And as far as I understand EURUSD and GBPUSD are highly correlated. So how come GBPUSD is perfect for range trading and at the same time EURUSD is no good?

P.S. Ever E. Man, thank you, it's an interesting article.
My take away was, perhaps, trade the "off hours" for ranging and "on hours" for trending.

Might be worth consideration, but would love to get yours and Al's opinions of it. Can't beat experience.

When I was trading futures, I noticed that they tended to trend much more during off hours, and I assumed that institutions and funds were loading the boat during the times that were least likely to move the market.

This appears to work the opposite, but much larger market with different players.
The mind thinks, the heart knows...
  • #4,548
  • Mar 8, 2012 4:57pm Mar 8, 2012 4:57pm
Hi Traders,

I noticed alot of traders got caught in the opposite end of the trend during Asia and Europe session. To filter out getting caught i use the simple 1-2-3 pattern which kept me going with the trend and no signal to go against the trend.

If only everyday was like yesterday!
Attached Image (click to enlarge)
Click to Enlarge Name: 123 pattern.jpg Size: 106 KB
  • #4,549
  • Edited 5:10pm Mar 8, 2012 4:58pm | Edited 5:10pm
Quoting sabrys5769
Hi William,
your wife is very nice... a greeting from me!!!

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

Ciao
Sabrina
Thank you Sabrina.

She is special. I will tell her of your kind comment.

I hope your day gets better.

Happy Trading.

William
may you find what you seek and trade what you find
  • #4,550
  • Mar 8, 2012 5:07pm Mar 8, 2012 5:07pm
I attach a screenshot.....there s something not working properly in it.

I got two different values of the slope (1.4 normalized)....while I stay in M15 the the 2 values don't match each other ..look in the right south corner.


Anyone did notice that too or had the same issue?

Thanx in advance

P-S- i noticed the same with other pairs too
Attached Image (click to enlarge)
Click to Enlarge Name: Capture080312a.PNG Size: 95 KB
  • #4,551
  • Mar 8, 2012 5:11pm Mar 8, 2012 5:11pm
Quoting Ever E. Man
My take away was, perhaps, trade the "off hours" for ranging and "on hours" for trending.

Might be worth consideration, but would love to get yours and Al's opinions of it. Can't beat experience.

When I was trading futures, I noticed that they tended to trend much more during off hours, and I assumed that institutions and funds were loading the boat during the times that were least likely to move the market.

This appears to work the opposite, but much larger market with different players.
I like the idea itself, I like this article showing "the big picture", so to speak, but I don't like the details, and for us the details are very important.

For example, the article says that the off-hours are from 2 PM EST until 6 AM EST. Come on! Everybody knows about London Open's volatility, but according to the article 3 AM to 6 AM EST are "off-hours"... And what about noon to 2 PM EST? Are these really "on-hours"?

But the idea is interesting and it should be discussed.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #4,552
  • Mar 8, 2012 5:14pm Mar 8, 2012 5:14pm
http://www.dailyfx.com/forex/educati...ade_Forex.html

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


Very interesting articles Ever E. man. Thanks for posting that.

It's funny I was thining about this earlier today, trading the Asian hours but I wonder if there is enough movement.

I plotted E/U G/U E/Chf M15 with the 14 RSI, take a look, there don't appear to be many trading opportunities.

A quick glance at the 5m scalping extreme TMA and price seems to hug the center line during off hours.
  • #4,553
  • Mar 8, 2012 5:17pm Mar 8, 2012 5:17pm
Quoting Levendi88
Hi Traders,

I noticed alot of traders got caught in the opposite end of the trend during Asia and Europe session. To filter out getting caught i use the simple 1-2-3 pattern which kept me going with the trend and no signal to go against the trend.

If only everyday was like yesterday!
Could you go into more detail about the 1-2-3 pattern and how you use it please?
  • #4,554
  • Mar 8, 2012 5:28pm Mar 8, 2012 5:28pm
Theres really nothing new with the 1-2-3 pattern, its a very common pattern which occurs. Theres loads of information out there on the topic.

Search 123 patternsV6 for the indicator, it is freely available.

I mainly look for the signal when the arrow is outside the TMA Envelope.

AUD trade which kept me in the trend followed by a counter trend trade.

Hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: 123 patternaud.jpg Size: 104 KB
  • #4,555
  • Mar 8, 2012 5:54pm Mar 8, 2012 5:54pm
Quoting Favorite
I like the idea itself, I like this article showing "the big picture", so to speak, but I don't like the details, and for us the details are very important.

For example, the article says that the off-hours are from 2 PM EST until 6 AM EST. Come on! Everybody knows about London Open's volatility, but according to the article 3 AM to 6 AM EST are "off-hours"... And what about noon to 2 PM EST? Are these really "on-hours"?

But the idea is interesting and it should be discussed.
I agree. I'll have to evaluate it for myself to see if it actually works that way for me.
The mind thinks, the heart knows...
  • #4,556
  • Mar 8, 2012 5:57pm Mar 8, 2012 5:57pm
Quoting normtold
http://www.dailyfx.com/forex/educati...ade_Forex.html

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


Very interesting articles Ever E. man. Thanks for posting that.

It's funny I was thining about this earlier today, trading the Asian hours but I wonder if there is enough movement.

I plotted E/U G/U E/Chf M15 with the 14 RSI, take a look, there don't appear...
Yeah, I wondered about that, too. Worth noting that somebody's making money range trading at that time, though. I'll have to see what my own experience is.
The mind thinks, the heart knows...
  • #4,557
  • Mar 8, 2012 7:12pm Mar 8, 2012 7:12pm
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...
Here is backtesting friendly indicator with all the relevant system data on it and some color coding based on the rules. Just works on the current chart and time frame.

I know crodzilla said (in a follow up post) he was going to make the indicator work in backtesting. That may be pretty hard unless I am missing something. I am working now to make some of my currency strength indicators backtest friendly and basically all of the calls like iOpen etc are not based on position in the backtester. So you will have to get the current time in backtester and call iBarShift on each currency and timeframe. Then use that to offset every other call you use in the entire indicator. So basically unless you really need it to work in backtesting it is not worth it. Better to just use a differant indicator with the same rules.

Crod if I am wrong please let me know how you tackle the problem. It would really help me with some other stuff I am working on.

Also I am working on an EA framework that lets me play around with all the rules of this system and get some idea for what works and doesn't work. I will be glad to share when it is done. I can tell you right now though that simple rules like this are not going to make any money for you follow blindly. Still good to know what kind payouts they can create.
Attached File(s)
File Type: mq4 ExtremeTMAInfo.mq4   14 KB | 532 downloads
  • #4,558
  • Mar 8, 2012 7:18pm Mar 8, 2012 7:18pm
Quoting crodzilla
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

Carl

Are you sure that is the issue. The data to Normalize should already be available since it is just the ATR that is used to make the bands and the slope you already have unnormalized. Maybe it is something else.

Well I can't say because the indicator works fine and fast on my machine. It works great too. Lets you know which charts are worth looking at. I know how daunting a dashboard indicator can be you are doing an awesome job.
  • #4,559
  • Mar 8, 2012 9:07pm Mar 8, 2012 9:07pm
Found this thread two nights ago. 4500 posts in 16 days??!! Whoa!

I'm bleary-eyed and sleep deprived, but I've read the first several days and the last few days of postings. The M5 got me interested because I have only few hours to trade, and often not at the same time each day. This method has potential to make a few trades in a short time and still make a few pips regularly.

What a great thread! Kudos to Al, and to the whole team here! I'm going to test it out.

I have one problem: the dashboard will not load in my MT4. Below is a screenshot showing the icon grayed out. Other loads ok which are not grayed out. Any idea how to fix?

Thanks!
AF
Attached Image
Luck occurs when preparation meets with opportunity.
  • #4,560
  • Mar 8, 2012 9:18pm Mar 8, 2012 9:18pm
Quoting AlienFrog
Found this thread two nights ago. 4500 posts in 16 days??!! Whoa!

I'm bleary-eyed and sleep deprived, but I've read the first several days and the last few days of postings. The M5 got me interested because I have only few hours to trade, and often not at the same time each day. This method has potential to make a few trades in a short time and still make a few pips regularly.

What a great thread! Kudos to Al, and to the whole team here! I'm going to test it out.

I have one problem: the dashboard will not load in my MT4. Below is a screenshot...
Put it in your indicator file.
Just trade the pullback you idiot!
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