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Extreme TMA System

  • #5,301
  • Mar 14, 2012 9:39am Mar 14, 2012 9:39am
Quoting Olarion1975
Al, what do you mean with 20M? We can't adjust the settings to 20min...

Any unknown time frame (other than "1", "5", "15", "60", "240", "1440") will result in using the current time frame.
I meant 30M.
Observation is the path to discovery.
  • #5,302
  • Mar 14, 2012 9:40am Mar 14, 2012 9:40am
Quoting jaau
Goes to S2 first, I think.

L.
I agree,.
now S3
  • #5,303
  • Mar 14, 2012 9:50am Mar 14, 2012 9:50am
Quoting Alorente
I meant 30M.
Hello Sir,

I'm just experimenting your TMA v1.4 Color Center Line.mq4 with my trading style. I usually trade on H1 time frame. If you don't mind, I just want to know if there is any requirement needed (in the indicator setting) to make it work with TF H1 or we just leave it as it is (use the default setting).

I appreciate all your help sir, thanks
  • #5,304
  • Mar 14, 2012 9:53am Mar 14, 2012 9:53am
Is it possible to add an email and sound alert when the colored center line changes color?

That alert or an email/sound alert for when the normalized TMA crosses +50 or -50 would be AWESOME for folks that can't be in front of the screen at all times.

I know I am asking a lot and am at the mercy of the coders...but it would certainly be appreciated.

Thanks in advance
  • #5,305
  • Mar 14, 2012 9:58am Mar 14, 2012 9:58am
Quoting AlienFrog
Carl, since you're talking about pivots, I thought I'd share this one.

It apparently picks up your broker's time zone. It just has one time offset, where you enter the day's start time (really the end time) you want to use.

I enter 17:00 because I use end of day as NY close, which is 5pm EST. Whatever TZ you are in, there are only 24 possible choices.

I found it about 6 months ago, and Screenname added some features. You can change between day/week/month pivots, and you can also select to include or exclude Sunday data.

I would...
This code is much nicer. I just don't see how it actually works. My broker is 0 GMT so it works for me but nothing really in here adjusts for the time zone of the feed so seems like it will be the same as what we have. Also it is not fibonacci but that is the easy part. Be interesting to see from someone with a none 0 GMT account if this works properly.
  • #5,306
  • Mar 14, 2012 10:02am Mar 14, 2012 10:02am
Does someone tried to go to the simulator with the Tma Normalize 1.4 - scalping?

The M15 value apparently doesnt move.

Any suggestions?

tks all
  • #5,307
  • Mar 14, 2012 10:04am Mar 14, 2012 10:04am
Quoting Cyrus7
Hey guys,

what's the difference if I switch the "TMA v1.4 Color Center Line" Setting "Normalize" to false? No repainting?

Many thanks for your answer!

Mathias
No it will behave identically just the absolute values will jump around between timeframes. I personally think we should just remove the option and indicator name since normalized is the only correct way to look at a value you are using thresholds on. But we didn't start that way so that is why it is an option.
  • #5,308
  • Mar 14, 2012 10:08am Mar 14, 2012 10:08am
Quoting JoaoOliveira
Does someone tried to go to the simulator with the Tma Normalize 1.4 - scalping?

The M15 value apparently doesnt move.

Any suggestions?

tks all

It is obvious man.

Simulators can not calculate other time frames except the current time frame !

when you are running on m5 data, the tick data for m15 value won't update at all
  • #5,309
  • Mar 14, 2012 10:09am Mar 14, 2012 10:09am
Quoting ;5473613
Originally Posted by domino01
Al,
What do you think of reducing the Range Zone coupled with having a "true/false" setting in the !ExtremeTMA which only gives a Green Buy or a Red Sell when the slope is outside the Range Zone. In other words the user can set the !ExtremeTMA to ignore signals when TMA is ranging and determine the sensitivity and the number of trade setups generated merely by tightening or widening the Range. With Karl's new version permitting multiple dashboards on one chart we can be more selective in choosing setups since the number of currency pairs will...
True/False shouldn't be necessary. I haven't seen the dashboard code but you should be able to duplicate exactly what you are looking for by switching the values around so there is no such thing as a ranging area. Also in all the other indicators included in the packet there is only one setting called TrendThreshold that you can change to -.5 to get the same effect.
  • #5,310
  • Mar 14, 2012 10:09am Mar 14, 2012 10:09am
Closed USDCAD long at R1 for 20 pips.
  • #5,311
  • Mar 14, 2012 10:12am Mar 14, 2012 10:12am
Quoting Paradox
No it will behave identically just the absolute values will jump around between timeframes. I personally think we should just remove the option and indicator name since normalized is the only correct way to look at a value you are using thresholds on. But we didn't start that way so that is why it is an option.
Thanks Paradox for your answer!

Ok.. I was wondering because when I switch the setting to "true" (it's on false at the moment), than the color of the centerline was changing the color earlier (white -> red/green) in the past (5M TF). Is this a result of the absolute values or is this kind of backtesting just useless with the Centerline Indicator?

Regards,
Mathias
  • #5,312
  • Mar 14, 2012 10:13am Mar 14, 2012 10:13am
Guys, I won't be here until Monday, some family matters, so if anybody sends me PM - I will answer it only on Monday.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #5,313
  • Mar 14, 2012 10:19am Mar 14, 2012 10:19am
Quoting Favorite
Guys, I won't be here until Monday, some family matters, so if anybody sends me PM - I will answer it only on Monday.

Hope you come back soon
  • #5,314
  • Edited 10:24am Mar 14, 2012 10:22am | Edited 10:24am
All,

Make sure you Keep the EURUSD on your short side....its blow the quite a few support levels to get where it is now. It looks like from ranging it will go to sell only shortly on the 15M but the Daily charts back this up for sure. I have been short since 1.3057....

Lionsden
  • #5,315
  • Mar 14, 2012 10:28am Mar 14, 2012 10:28am
Quoting harry45
Here it is

I would recommend using regular TMA and testing in strategy tester that is what it is for.

I understand that the entry rules are the same but there is more than just entry involved in the philosophy of this system. These entry rules are just about getting a good price in a ranging market, under the assumption that markets range most of the time. Managing the trades you enter is a very important part of this system (I know probably any system, but this one it is above average importance).

Embrace the repaint it is invaluable tool for reframing price action and the trend. It will let you easily see the rhythm of price and price exhaustion. No non repainting (ie 50% wrong indicator is going to let you see that). Example: Even outside the philosophy of this system it has been useful too me for identifying consolidation and breakouts.

If you are going to be diligent and backtest trading this system. I would recommend as a practice that you don't trying to figure out how to filter the bad trades from the good trades. You should take every trade that hits the rules and use discretionary management to extract profit from the ranges.




PS: This is a constant question here. All the TMA indicators repaint for 56 bars.
  • #5,316
  • Mar 14, 2012 10:34am Mar 14, 2012 10:34am
Quoting Cyrus7
Thanks Paradox for your answer!

Ok.. I was wondering because when I switch the setting to "true" (it's on false at the moment), than the color of the centerline was changing the color earlier (white -> red/green) in the past (5M TF). Is this a result of the absolute values or is this kind of backtesting just useless with the Centerline Indicator?

Regards,
Mathias
I have posted previously here about how to backtest with repainting. Unless you are definitely only entering on bar open and nothing else then all indicators (ie MACD,MA,STOCH, etc) with give you a false positive expectancy that will not work out in live trading.
  • #5,317
  • Mar 14, 2012 10:37am Mar 14, 2012 10:37am
Quoting shahrooz67
It is obvious man.

Simulators can not calculate other time frames except the current time frame !

when you are running on m5 data, the tick data for m15 value won't update at all
I wouldn't say it is obvious. If metatrader was decent it could handle this no problem.
  • #5,318
  • Edited 10:46am Mar 14, 2012 10:39am | Edited 10:46am
Quoting lionsden
All,

Make sure you Keep the EURUSD on your short side....its blow the quite a few support levels to get where it is now. It looks like from ranging it will go to sell only shortly on the 15M but the Daily charts back this up for sure. I have been short since 1.3057....

Lionsden

I am in too.

short @ 1.3065
  • #5,319
  • Mar 14, 2012 10:41am Mar 14, 2012 10:41am
Quoting Paradox
I wouldn't say it is obvious. If metatrader was decent it could handle this no problem.

for sure it is a problem with mt.

And still there are ways to back test other time frames in simulator but very quite complex as far as I know
  • #5,320
  • Mar 14, 2012 10:52am Mar 14, 2012 10:52am
Closed EU . +30
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