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Extreme TMA System

  • #5,041
  • Mar 12, 2012 6:32pm Mar 12, 2012 6:32pm
Quoting bcarbon
Yes, that is exactly what I meant. I want to see how TMA behaves with CCI and or RSI, stochastics and maybe MACD and together with TMA in the chart.
I placed the other day a regular Moving average with CCI and Williams% and it was quite interesting. When it comes to experimenting with indicators, the sky is the limit. Especially on very slow trading days.
Now I got it. It is a very good idea!


Quoting bcarbon
Thank you so much Favorite. You are super!!! :o)
You're very welcome!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #5,042
  • Mar 12, 2012 6:49pm Mar 12, 2012 6:49pm
Quoting Favorite
bcarbon, do you mean something like this?

Yes, I think it is possible. But the whole point is to see how the price crosses the TMA bands, so I think that this wouldn't do us any good.
You could also use the ASI to simulate price cross...ASI is a smoothed price line with a heavy emphasis on close price, so as to eliminate some volatility from the line. Its generally used to filter false breakouts.

Not meaning to change the system, but it makes for a pretty darn decent lower indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: asicross.jpg Size: 78 KB
Attached File(s)
File Type: mq4 ASI.mq4   3 KB | 966 downloads
File Type: tpl extremetmaasicross.tpl   2 KB | 745 downloads
  • #5,043
  • Mar 12, 2012 7:30pm Mar 12, 2012 7:30pm
Today was a mixed bag for me. Made money on the USDCAD, USDJPY. Lost on the EURAUD. Just closed the EURGBP for a loss as well. I just cannot sleep with trades on. Overall, down about 1%.

I will see everyone in the morning.
may you find what you seek and trade what you find
  • #5,044
  • Mar 12, 2012 7:33pm Mar 12, 2012 7:33pm
EJ a good look? Short, paper trading it. Not comfortable with the real money, but everytime I look at this system it feels intuitive.
  • #5,045
  • Mar 12, 2012 7:35pm Mar 12, 2012 7:35pm
Quoting faxxion
Today was a mixed bag for me. Made money on the USDCAD, USDJPY. Lost on the EURAUD. Just closed the EURGBP for a loss as well. I just cannot sleep with trades on. Overall, down about 1%.

I will see everyone in the morning.

Sweet Dreams William

Thanks For all of great contribution. Tomorrow will be a better day.

Robert
  • #5,046
  • Mar 12, 2012 7:38pm Mar 12, 2012 7:38pm
Quoting faxxion
Today was a mixed bag for me. Made money on the USDCAD, USDJPY. Lost on the EURAUD. Just closed the EURGBP for a loss as well. I just cannot sleep with trades on. Overall, down about 1%.

I will see everyone in the morning.
Where did u lose on EURAUD? got in too early on the short?
  • #5,047
  • Mar 12, 2012 8:15pm Mar 12, 2012 8:15pm
Quoting Merkabah
Has anyone considered incorporating the 123 pattern indicator, can provide some clarity or areas of support and resistance that otherwise might not be noticable.

Just an observation, if it don't apply let it fly, or perhaps someone has already suggested the possibility.
Hi.Merkabah

Could you share the indicator of FractalChannel in your chart?

thank you so much!
  • #5,048
  • Mar 12, 2012 8:19pm Mar 12, 2012 8:19pm
Hi,

I'm new here and wanna thank you Alfredo for this system. I has gained some pips for me on my real account.

I traded this system since yesterday and have re-read the manual. Few moments ago i buy usd/chf on the lower band (while this one on demo account).

http://i44.tinypic.com/le440.gif

Feel free to criticize me as i just knew the system.

Quoting stevefx
You could also use the ASI to simulate price cross...ASI is a smoothed price line with a heavy emphasis on close price, so as to eliminate some volatility from the line. Its generally used to filter false breakouts.

Not meaning to change the system, but it makes for a pretty darn decent lower indicator.
Hi steve
I'm having dificulties when attaching the TMA on other charts...
I drag the tma but it just entered into the main price chart it won't go to the stoch or ASI window.

Any tips?

Thanks
  • #5,049
  • Mar 12, 2012 8:36pm Mar 12, 2012 8:36pm
Quoting Surfnomad
Sweet Dreams William

Thanks For all of great contribution. Tomorrow will be a better day.

Robert
Thanks Robert,

Kind words that I truly appreciate.

William
may you find what you seek and trade what you find
  • #5,050
  • Mar 12, 2012 8:37pm Mar 12, 2012 8:37pm
Quoting fxfury
Where did u lose on EURAUD? got in too early on the short?
Hello Fury,

Yes, too early. But I live to fight another day. See you tomorrow.

William
may you find what you seek and trade what you find
  • #5,051
  • Edited 8:47pm Mar 12, 2012 8:42pm | Edited 8:47pm
Hello Manila Spurs,

My wife is from Davao City. I have been to Manila many times. Have you been to Star City in Manila? A winter wonderland in the middle of a tropical paradise. How beautifully bizarre.

William
may you find what you seek and trade what you find
  • #5,052
  • Mar 12, 2012 8:47pm Mar 12, 2012 8:47pm
Quoting jnfer
Hi,




Hi steve
I'm having dificulties when attaching the TMA on other charts...
I drag the tma but it just entered into the main price chart it won't go to the stoch or ASI window.

Any tips?

Thanks
Hi Jen,

All I did was mod Favorite's template by dragging the ASI into the lower window which he provided.

My tip if you're having trouble with the template I gave, is to download Favorite's template, then drag your indicator into the lower window.

I don't know how he made it so you can add TMA to a lower window. I just worked with what he already did. So um, just load one of our templates and go from there.

-Steve
  • #5,053
  • Mar 12, 2012 8:50pm Mar 12, 2012 8:50pm
Quoting stevefx
Hi Jen,

All I did was mod Favorite's template by dragging the ASI into the lower window which he provided.

My tip if you're having trouble with the template I gave, is to download Favorite's template, then drag your indicator into the lower window.

I don't know how he made it so you can add TMA to a lower window. I just worked with what he already did. So um, just load one of our templates and go from there.

-Steve
Thank you,

Will try it...
  • #5,054
  • Edited 8:55pm Mar 12, 2012 8:54pm | Edited 8:55pm
Quoting Surfnomad
Sweet Dreams William

Thanks For all of great contribution. Tomorrow will be a better day.

Robert
Hey Robert,

Where do you surf? I am Florida east coast. Surf has been good the last couple of days. Just curious.

William
may you find what you seek and trade what you find
  • #5,055
  • Mar 12, 2012 9:50pm Mar 12, 2012 9:50pm
Quoting stevefx
I don't know how he made it so you can add TMA to a lower window. I just worked with what he already did.
Steve, you can't do that by dragging TMA, but it is really very easy. Maybe you're not interested, but I think that some traders could use this trick, so here's the step-by-step instruction:

1). Create a plain template with the colors you like.
2). Open it with the Notepad
3). The last several lines of code will be:

<window>
height=100
<indicator>
name=main
</indicator>
</window>

</chart>


Right before the last line you put in 9 lines of the code that contain the name of the indicator you want to put into this window, in our case - TMA:

<window>
height=61
<indicator>
name=Custom Indicator
<expert>
name=TMA
window_num=0
</indicator>
</window>



So the code would look like this:

<window>
height=100
<indicator>
name=main
</indicator>
</window>
<window>
height=61
<indicator>
name=Custom Indicator
<expert>
name=TMA
window_num=0
</indicator>
</window>
</chart>

That's it! The template is ready!

And you can put into the separate window any indicator you want, just put in the line of code instead of the "TMA"

name=TMA

the name of another indicator.

For example, if you want Supertrend in the separate window, the code would look like this:

<window>
height=100
<indicator>
name=main
</indicator>
</window>
<window>
height=61
<indicator>
name=Custom Indicator
<expert>
name=Supertrend1
window_num=0
</indicator>
</window>
</chart>


And when the template is ready you just have to change TMA's or Supertrend1's colors.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #5,056
  • Mar 12, 2012 9:58pm Mar 12, 2012 9:58pm
Quoting Favorite
Steve, you can't do that by dragging TMA, but it is really very easy. Maybe you're not interested, but I think that some traders could use this trick, so here's the step-by-step instruction:



And when the template is ready you just have to change TMA's or Supertrend1's colors.
Hi Favorite,

I definitely am interested. Thanks much for the great info-it will come in very handy. I have saved your post.

-Steve
  • #5,057
  • Mar 12, 2012 10:02pm Mar 12, 2012 10:02pm
Quoting stevefx
Hi Favorite,

I definitely am interested. Thanks much for the great info-it will come in very handy. I have saved your post.

-Steve
Gentlemen always play by the rules. If they can't, they change the rules.
  • #5,058
  • Mar 12, 2012 10:40pm Mar 12, 2012 10:40pm
Is there a way to apply, CCI for example, to the TMA indicator's data in the lower chart? I know you can apply a moving average to the TMA's data in the lower chart, but what about other indicators? If we can not apply the indicators data to TMA's data in the lower chart, I do not think it will be correct since the indicators are just sitting on top of each other and not actually reading the TMA or vice versa.
  • #5,059
  • Mar 12, 2012 10:59pm Mar 12, 2012 10:59pm
Quoting MagicMike
Is there a way to apply, CCI for example, to the TMA indicator's data in the lower chart? I know you can apply a moving average to the TMA's data in the lower chart, but what about other indicators? If we can not apply the indicators data to TMA's data in the lower chart, I do not think it will be correct since the indicators are just sitting on top of each other and not actually reading the TMA or vice versa.
Yes you can. I already tried TMA with CCI, Stochastics and RSI.
  • #5,060
  • Mar 12, 2012 11:06pm Mar 12, 2012 11:06pm
Quoting bcarbon
Yes you can. I already tried TMA with CCI, Stochastics and RSI.
Oh yea, you're right. I was trying to apply a custom CCI to the TMA without success. CCI that comes with MT4 works perfect. Thanks for the help.
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