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Extreme TMA System

  • #5,341
  • Mar 14, 2012 1:51pm Mar 14, 2012 1:51pm
Quoting domino01
Karl the "true/false" setting refers to the possibilit that the dashboard gives a Green Buy or a Red Sell only when the TMA slope is outside the Range Zone. In other words the user can set the !ExtremeTMA to ignore signals when TMA is ranging (between -0.5 and +0.5). If it can already be done please forgive my ignorance.
Thanks
Oh, I misunderstood.
What you are talking about is not in accordance to the rules as specified in post #1, so the indicator does not do what you have explained.

I did not plan to entertain things that are not suggested by Al. After I release the source-code, you may change it to your hearts content. Or, I will have time to do some miscellaneous options, once its done.

Carl
  • #5,342
  • Mar 14, 2012 2:00pm Mar 14, 2012 2:00pm
Quoting Alorente
Someone asked me before what the AtrMultiplier should be for low Atr pairs like UsdCad. I tried several and I´ve settled with 2.5 which seems to be a good fit for its amplitude of cycle.
Al, do you mean 2.5 for all pairs or only the low atr pairs?
What pairs would you consider as "low atr"?
  • #5,343
  • Mar 14, 2012 2:12pm Mar 14, 2012 2:12pm
Quoting Olarion1975
Al, do you mean 2.5 for all pairs or only the low atr pairs?
What pairs would you consider as "low atr"?
TMA size on M15 consistently under 30 would be low ATR.
Observation is the path to discovery.
  • #5,344
  • Mar 14, 2012 2:20pm Mar 14, 2012 2:20pm
Quoting imcrone
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
I'm sorry sir... But can you answer my question please?
  • #5,345
  • Mar 14, 2012 2:23pm Mar 14, 2012 2:23pm
Oh my usdcad on R3... stop please!!!!!!!!!

L.

  • #5,346
  • Edited 2:37pm Mar 14, 2012 2:23pm | Edited 2:37pm
Hi,
I'm happy that I discovered fxfactory and this is my first message

I read some pages of this amazing thread, I read explaining by the amazing Alorente, and I run the extreme TMA system in M1 (to get a fast perspective of the system) for 3-4hrs, but still something is confusing me.

i.e.
When Tma goes down I have to wait for (1) pa to be above upper band, and (2) tma-slope to be red, and (3) tma-slope to be descending, right?
but.. but.. during condition (1) the tma-slope retracts naturally in the ranging zone, and again goes red only when pa goes below the upper band!
This way I will never see all conditions to be met, what am I doing wrong?


Ahem... I'm sorry with my syntax, english is not my native language
  • #5,347
  • Mar 14, 2012 2:44pm Mar 14, 2012 2:44pm
Quoting imcrone
I'm sorry sir... But can you answer my question please?
Sorry, I didn´t see your first message.

Just use the default settings. Look at the dashboard H1 signals. No changes are needed.
Observation is the path to discovery.
  • #5,348
  • Mar 14, 2012 2:47pm Mar 14, 2012 2:47pm
Quoting cristie
Hi,
I'm happy that I discovered fxfactory and this is my first message

I read some pages of this amazing thread, I read explaining by the amazing Alorente, and I run the extreme TMA system in M1 (to get a fast perspective of the system) for 3-4hrs, but still something is confusing me.

i.e.
When Tma goes down I have to wait for (1) pa to be above upper band, and (2) tma-slope to be red, and (3) tma-slope to be descending, right?
but.. but.. during condition (1) the tma-slope retracts naturally in the ranging zone, and again goes red...
No. Please, read Post 1, Page 1 for the correct rules of the system.
Observation is the path to discovery.
  • #5,349
  • Mar 14, 2012 3:08pm Mar 14, 2012 3:08pm
Quoting Alorente
I don´t recall having said that you will win 90% of the time using a 30 pip stop loss. I would like to read that post to be proven wrong. I do recall saying that I have an over 90% win rate with the process I follow...
Looks like the 30 pips SL and the 90% win rate were on different posts and didn't go together, as far as I can find:

From Page 1:

B- With a Tight Stop Loss: If you use a tight stop loss (within 30 pips of entry price or less), at this point apply to the chart the correct EA of the two supplied. The 5 x 5 Buy EA for a long trade or the 5 x 5 Sell EA for a short trade. Please, be aware that this option will reduce your profit by several pips per trade. The trade off is less risk, since you enter the trade in the desired direction.

Feb 21, 2012 8:04am #24

It´s still an open trade. It should reach the opposite band. Give it time. It does so about 94% of the time in my experience. There are also more conservative options of exiting as I explained on Page 1.


Feb 21, 2012 2:35pm #214


Quote:
Originally Posted by maudur
Nasdaq closed my short in too fast for having moved SL to BE. They lost very good pips. Something is learned.
Post hidden because maudur is on your ignore list.

Yeah, I don´t set BE SL for my trades. I put it in the first page because people feel insecure if they don´t do it. I don´t even want anyone to see my SL. That is why I trade without a real stop loss and with the recovery method. In the end, stop losses make you lose more than you gain. The key is to trade a small amount of your account per position and let it ride until it either hits your target or the trade does not make technical sense anymore.

An example is gold. Technically, sooner or later it will drop. If it was going to break out to a new high it would have done it on the retest of the high. You wait it out until it moves back into balance. That is what TMA is all about.

Feb 21, 2012 3:22pm #225


Recovery Trades

I mentioned earlier in the day that I would post information about the Recovery Trades system that many of us use instead of tight stop losses. I am enclosing this information...

Feb 22, 2012 10:24am #448

...Price moves from band to band over 90% of the time. It´s just a matter of how long it will take to move there and where the band will be pricewise when it does.
The mind thinks, the heart knows...
  • #5,350
  • Mar 14, 2012 3:22pm Mar 14, 2012 3:22pm
Quoting Argonod
one last thing:
here on UJ please check all the time frames, H1,H4,D1,W1 all are out of the upper band except the Monthly...
check the monthly and tell me what you get?
I really do not mean to interrupt this topic but just want you all have a successful trades and better view of market's movement.
Regards,
Argonod, I am adding your name to the list of contributors to the system on Page 1. I am also vouching for you. Your observation of placing a longer TF TMA on the M15 or M5 charts is a touch of genius. Congratulations! You have made the Extreme TMA System even better. Thanks.
Observation is the path to discovery.
  • #5,351
  • Mar 14, 2012 3:35pm Mar 14, 2012 3:35pm
Quoting Alorente
Argonod, I am adding your name to the list of contributors to the system on Page 1. I am also vouching for you. Your observation of placing a longer TF TMA on the M15 or M5 charts is a touch of genius. Congratulations! You have made the Extreme TMA System even better. Thanks.
Alorente,

Did you notice the other related thread below called MTF TMA by mgs1f? It's basically what Argonod is talking about but with more detail. FYI
  • #5,352
  • Mar 14, 2012 3:39pm Mar 14, 2012 3:39pm
Quoting Alorente
Argonod, I am adding your name to the list of contributors to the system on Page 1...
CONGRATULATIONS ARGONOD! Great contribution to the system! Elegant solution, too.
The mind thinks, the heart knows...
  • #5,353
  • Mar 14, 2012 3:39pm Mar 14, 2012 3:39pm
Quoting Browserguy
Alorente,

Did you notice the other related thread below called MTF TMA by mgs1f? It's basically what Argonod is talking about but with more detail. FYI
I will read through it. Thanks.
Observation is the path to discovery.
  • #5,354
  • Mar 14, 2012 3:52pm Mar 14, 2012 3:52pm
Quoting cristie
Hi,
I'm happy that I discovered fxfactory and this is my first message

I read some pages of this amazing thread, I read explaining by the amazing Alorente, and I run the extreme TMA system in M1 (to get a fast perspective of the system) for 3-4hrs, but still something is confusing me.

i.e.
When Tma goes down I have to wait for (1) pa to be above upper band, and (2) tma-slope to be red, and (3) tma-slope to be descending, right?
but.. but.. during condition (1) the tma-slope retracts naturally in the ranging zone, and again goes red...
Quoting Alorente
No. Please, read Post 1, Page 1 for the correct rules of the system.
I turned again to first page to step it to the letter, so one more question just to be sure.
"TMA top band" and "upper TMA band" are just the same things, right?

many thanks in advance
  • #5,355
  • Mar 14, 2012 3:58pm Mar 14, 2012 3:58pm
Quoting Alorente
I will read through it. Thanks.

The guy is doing a good job too

Seems a deserved thread
  • #5,356
  • Edited 4:11pm Mar 14, 2012 4:09pm | Edited 4:11pm
Quoting jaau
Oh my usdcad on R3... stop please!!!!!!!!!

L.


Keep Calm, do not worry, I am at a loss now too , but it seems to hit our tp soon
  • #5,357
  • Mar 14, 2012 4:13pm Mar 14, 2012 4:13pm
Quoting cristie
I turned again to first page to step it to the letter, so one more question just to be sure.
"TMA top band" and "upper TMA band" are just the same things, right?

many thanks in advance
Yes.
Observation is the path to discovery.
  • #5,358
  • Mar 14, 2012 4:36pm Mar 14, 2012 4:36pm
Quoting Alorente
Argonod, I am adding your name to the list of contributors to the system on Page 1. I am also vouching for you. Your observation of placing a longer TF TMA on the M15 or M5 charts is a touch of genius. Congratulations! You have made the Extreme TMA System even better. Thanks.
I agree, excellent idea. But...haven't I suggested the overlay of a higher time frame TMA already two weeks ago on post #2961?
  • #5,359
  • Mar 14, 2012 4:42pm Mar 14, 2012 4:42pm
Quoting Argonod
one last thing:
here on UJ please check all the time frames, H1,H4,D1,W1 all are out of the upper band except the Monthly...
check the monthly and tell me what you get?
I really do not mean to interrupt this topic but just want you all have a successful trades and better view of market's movement.
Regards,
Hi Argonod and Al,

How to analyze the TMA´s behavior in this context (Multi Time Frame TMA)? Only a few tips, please?!

Thank you.
If I Change, the whole World changes!
  • #5,360
  • Mar 14, 2012 4:59pm Mar 14, 2012 4:59pm
Cheers everyone !
I longed Euro at S2- 1.3023. Is my fib level the right price according to yours ?
Anyway I want to say thanks and the best thread till now with Al`s experience ! Continue to move on.
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