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Extreme TMA System

  • #4,661
  • Mar 9, 2012 7:49am Mar 9, 2012 7:49am
Hi Al,
this is my report on the dash. I had 12 trades yesterday, all positive ones . All of the trades were on 5MTF and since it was ranging at the time I enter some of the trades, I went the 15 MTF direction. In some trades, I had some draw down. However, price did quickly turn back in my direction. I only traded the EuroUSD. I had a blast. All these positive trades, really bust your confidence. Even if it is only demo trading..
Big thank you to you and Carl.
  • #4,662
  • Mar 9, 2012 7:55am Mar 9, 2012 7:55am
Quoting crodzilla
Positive. I'm only looking back at 25 bars max for the TMA calculations. The ATR for normalization has to go back 100 bars. So multiply the difference (75 x 8 pairs x 7 timeframes). 4200 more bars to load.

Carl
I am not really following everything you say. I would think of it in terms of calls and you need three for each symbol/timeframe (TMA(0),TMA(1) and ATR). The MTF Tma could be slow but the ATR is built in iATR call so should be fast.

The part that is confusing me is 100 bars ATR is necessary to compute the bands so I don't see how you aren't already doing that calculation before normalization since the indicator seems to work and knows where the bands are.

Also you should offset that atr 10 bars back since all the other indicators do this. I don't know why really but the original TMA indicator was always this way.
  • #4,663
  • Mar 9, 2012 7:56am Mar 9, 2012 7:56am
Quoting bluewatercat
William,

How are things going? Hope your day has gotten less Bobo-ish. My brother's fiance is from the Philippines. He just asked me about visiting there with them in 2013. I'm excited already.

Greg
Hey Greg,

You will love it. Let me know before your trip and I will make a couple of recommendations.

William
may you find what you seek and trade what you find
  • #4,664
  • Mar 9, 2012 8:00am Mar 9, 2012 8:00am
Quoting bcarbon
Hi Al,
this is my report on the dash. I had 12 trades yesterday, all positive ones . All of the trades were on 5MTF and since it was ranging at the time I enter some of the trades, I went the 15 MTF direction. In some trades, I had some draw down. However, price did quickly turn back in my direction. I only traded the EuroUSD. I had a blast. All these positive trades, really bust your confidence. Even if it is only demo trading..
Big thank you to you and Carl.
Great stuff mate. What kind of drawdown were you allowing? I had a little go on the 5min yesterday but got caught out a couple of times and didn't really know what kind of drawdown to allow before cutting.

Had a great day on 15min timeframe today though. All winners. :nerd:
  • #4,665
  • Mar 9, 2012 8:06am Mar 9, 2012 8:06am
Al,
I believe you said a round number would be considered the same as support/resistance. Correct?

Thanks
  • #4,666
  • Mar 9, 2012 8:13am Mar 9, 2012 8:13am
Quoting los_pipos
Great stuff mate. What kind of drawdown were you allowing? I had a little go on the 5min yesterday but got caught out a couple of times and didn't really know what kind of drawdown to allow before cutting.

Had a great day on 15min timeframe today though. All winners. :nerd:
The maximum drawdown was 11 pips.
I went with the rules.
Dashboard Signal.
Check 15 MTF for direction if 5 MTF ranging.
Candle change of color or flashing.

My own rule. CCI and Trix slope on my direction.

I did not place any SL.
  • #4,667
  • Mar 9, 2012 8:19am Mar 9, 2012 8:19am
Quoting FastForex
I'm having a problem with the dashboard. In fact, with all .ex indicators that I try to put on my chart. The .ex indicators just don't show up in my custom indicator list in metatrader, only indicators that are .mq4 files.
Does anyone else experience this problem and maybe knows how to fix it?
I recommend, to remove all user indicators, old version Extreme, copy and insert the necessary indicators! ExtremeTMA_v17.ex4, in a folder indicators, reboot the terminal, further, as usual! Still, add the terminal in the entrusted appendices of an antivirus, it is obligatory!If the terminal hangs, after indicator loading on the schedule, wait, a little
  • #4,668
  • Mar 9, 2012 8:47am Mar 9, 2012 8:47am
Quoting human18
hi every body i am trying to understand the system so many time but i failed to catch the correct way to deal with it.


all my entry was opposite the currency movement. some time i thought i have my own problem to deal with the market specially when i see most of the members making money using this system.


please if you can explain to me the correct way to enter and deal with system . and please if you can explain it using picture.

i am really sorry for asking such request but i done my best without any movement. i road the post 1 about 25...
You've got my simpathy...I know exactly what you are talking about..... you are trying your best and it feels like everyone is making pips except you!

I think we have to learn a lot still .... and maybe page 1 entry method does not explain it simple enough for the newbies. We need a lot of practise and many more days nose to the screen to be able to grasp the system.

Maybe someone will put up more screenshots of winning trades.... (and very important)... a good description of the 'road' that lead up to the actual entry point of that trade... because thats where most newbies, like me, have a weeee problem still.

Don't get dispondent, we're gonna make it soon..... ! This system is great, and we will all once we get to know it better.
  • #4,669
  • Edited 9:14am Mar 9, 2012 8:49am | Edited 9:14am
Quoting Alorente
Excellent Indicator!! Thanks Paradox. Youīve done it again !!

For those that do not understand every data point, can you explain each one, please?

Haikan should be Heiken...
Al

Thanks for your interest. Here is a fixed indicator as well as some documentation and some of my opinions from testing out the rules.


Some of the display options and periods used in this indicator are configurable and hopefully self explanatory.


TMA Size = This is the distance in pips from Upper band to lower band. This seems to be the unit of volatility that people use on this forum.
Extreme TMA = Current price in relation to the TMA. -1 = Lower band, 0 = MidLine, 1 = UpperLine. And everything in between and beyond.
TMA Slope = Slope of the Tma line.
Slope Change = The Change of the Slope. Whether it is steepening or leveling.
Price Change = Linear regression of price. This is something I have in there to play around with the same concept as the arrows that used to be on slope. Helps to spot when price is moving opposite of Slope Change. This was a referred to as divergence here but is not in anyway related to divergence as it is use in trading. Hopefully true divergence can be introduced into the system again since it is a nice way to go counter trend. The current rules do not allow for any counter trend trading.
Pivot Distance = Distance to the nearest Pivot point. (Please don't ask me about this. It works for me on my broker. It can certainly be off by a few pips but this is related to the brokers High,Low,Close prices from the previous day. Not any time offsets) Daylight savings is this weekend here so who knows what that is going to do to our trying to all get on the same page.
MA Crossover = This is the original MA crossover used as confirmation in the direction of the trade. It is not a MACD but the crossover of a single moving averge displaced in time. This is set the same as the defaults in packet do not change the 1 value in shift unless you know what you are doing.
Heiken Ashi = The heiken ashi body size and direction. Or basically a crossover of a typical price (OHLC/4) over a moving average of that price.

I word of caution about the colors. The general jist of the rules on this forum have so far been about fading extreme movements after confirmation and the coloring generally follows this theory. I would say that if this system where a software project the rules are still in prototype stage therefore so are colors in this indicator. Also alot of the successes with these rules have come from people using them in multiple time frames which is not encapsulated in this indicator at all.

Here is one example where I feel price action is saying a very differant thing than these rules. You have consolidation (even trendline) then break higher through pivot and then a slight pullback below the pivot and HA candle down. The pullback is weak though so price is still above the upper band because previous breakout was large. Here you will have 5 colors with the exception of MA Cross all extreme RED but the price action is a nice volatility breakout with a weak pullback giving you a nice buy price.

One way you could use the colors that I have not yet played around with is you could change the Bear and Bull colors both to Red and the Extreme colors both to green. Then basically you use them as a red light green light of when to trade but you use your own interpretation of price action to decide how to trade.
Attached File(s)
File Type: mq4 ExtremeTMAInfo.mq4   14 KB | 709 downloads
  • #4,670
  • Mar 9, 2012 9:03am Mar 9, 2012 9:03am
Handy Info thanks Paradox
Tracking the Specialists.
  • #4,671
  • Mar 9, 2012 9:08am Mar 9, 2012 9:08am
Very nice and useful, thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: 3-9-2012 2-06-43 PM.jpg Size: 154 KB
  • #4,672
  • Mar 9, 2012 9:12am Mar 9, 2012 9:12am
Beto, indeed, you have some great indicators on your charts
Tracking the Specialists.
  • #4,673
  • Mar 9, 2012 9:15am Mar 9, 2012 9:15am
Quoting interbucks
You've got my simpathy...I know exactly what you are talking about..... you are trying your best and it feels like everyone is making pips except you!

I think we have to learn a lot still .... and maybe page 1 entry method does not explain it simple enough for the newbies. We need a lot of practise and many more days nose to the screen to be able to grasp the system.

Maybe someone will put up more screenshots of winning trades.... (and very important)... [color=Red][b]a good description of the 'road' that lead up to the actual entry point...
I will try show you 1 off mine trades today.
I will try explain why I took it.
Hope it can help a bit( If I understand this strategy correct)

Look at this AUDUSD 15M chart. I have marked a High-Low-Lower High. And also look at the slope indi all red, that tells me togehter with H-L-LH: a downtrend.Look on M15 the pullback went to Centerline, and also tested my dayli open line.

Then look at the AUSUSD 5Mins chart. You can see the same H-L-LH. on the pullback price went ouside the high bands. TMA slope was grey, but below zero. Downtrend. So when got the red closed below white line I pulled the trigger.
The trade ias still open, but if price dont make a new lower Low very soon I close the trade.

I hope some off this make any sense to you. If not sorry for taking your time.

Peter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 44 KB
Click to Enlarge Name: audusd 5 mins.gif Size: 30 KB
  • #4,674
  • Mar 9, 2012 9:20am Mar 9, 2012 9:20am
Quoting beto21_cwb
Very nice and useful, thank you.
What type of candles are those? How do you use the indicator in the bottom window with the TMA system?
  • #4,675
  • Mar 9, 2012 9:22am Mar 9, 2012 9:22am
Quoting Connected
Beto, indeed, you have some great indicators on your charts
Thanks, Niki.

I'm now trying the Extreme TMA system with renko bars. Let's see how it goes...
  • #4,676
  • Mar 9, 2012 9:22am Mar 9, 2012 9:22am
Quoting Alorente
Here is an easy way to make money, especially in boring, do nothing days. Take a pair like UsdJpy or EurGbp at centerline. Buy 1 lot and sell 1 lot. Now wait for price to make it to one band. If itīs the lower band, close the short and hold the long till the other band or center line. If itīs the upper band, close the long and hold the short till the other band or center line. No thinking involved and pretty sure money...

Hi Al

Can you explain this more ?!

It can be a good EA!!!!!
  • #4,677
  • Mar 9, 2012 9:31am Mar 9, 2012 9:31am
Quoting Alorente
Here is an easy way to make money, especially in boring, do nothing days. Take a pair like UsdJpy or EurGbp at centerline. Buy 1 lot and sell 1 lot. Now wait for price to make it to one band. If itīs the lower band, close the short and hold the long till the other band or center line. If itīs the upper band, close the long and hold the short till the other band or center line. No thinking involved and pretty sure money...
Sorry if this is a dumb question but why is this any different than just buying 1 lot at the bottom band or selling 1 lot at the upper band? If anything that would be better than opening two positions because you will instantly have twice the spread drawdown? What am I missing?
  • #4,678
  • Mar 9, 2012 9:32am Mar 9, 2012 9:32am
Quoting fratelli
Thanks for your nice words.
I still use fratelli system.

But to be honest with you, I feel this Alorente system gives more setups.
and that way I can hopefully faster be a fulltime trader.
I am still in my early stage with this setup.
But I learn a lot from you and ohters in this thread.

Peter

Hi Peter

You know, I studied your thread almost completely , I believe your trading method is different with what AL does and they are both effective in different situations.But WE SHOULD KNOW the differences between situations first .

Thank you very much for your so being A nice guy who can share his experience where even in others Thread


BEST WISHES

Shahrooz
  • #4,679
  • Mar 9, 2012 9:35am Mar 9, 2012 9:35am
Another good trading day for me: +180 pips
I traded mostly the M15 (+120 pips) and a few M5 trades (+60 pips).

All the credit is due to Al who introduced this awesome system to us.

PS:
Forgot to mention that these +180 pips equal +12% growth in my live account!
  • #4,680
  • Mar 9, 2012 9:35am Mar 9, 2012 9:35am
Quoting txfxtrader
What type of candles are those? How do you use the indicator in the bottom window with the TMA system?
Hi, those are 10-pip renko bars, with Al's THV4 HA applied on them.

The indicator at the bottom is the THV4 Trix, it helps me to spot divergences.
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