Extreme TMA System | Page 279 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #5,561
  • Mar 15, 2012 4:00pm Mar 15, 2012 4:00pm
Quoting Ever E. Man
Hi Al,
I've been following the thread most of the day, but just noticed a few minutes ago that I forgot to sign in. ;^D

I found it a little ironic when you were talking about the unstressed big traders that work a few hours and went to the golf course.

It sounded nothing like you! (For which we are all thankful! ;^)

You handle stress like no human being I've ever seen!

I've continued to collect the most helpful posts I could and now have, oh, I'd say about 120 pages, or there abouts.

But much of it is obsolete as you guys...
EverMan, your attention to detail never ceases to amaze me...
Observation is the path to discovery.
  • #5,562
  • Mar 15, 2012 4:03pm Mar 15, 2012 4:03pm
Quoting Alorente
Hello Robert. Yes, I´m beginning to warm up to the idea of recommending the H1 TF for the Extreme TMA System...
Hi Al,

Many thanks again for replying my posts in the past and also for your fantastic invention of this trading method. Although the 4-Rule steps are crystal clear, for noobies, like me, applying the procedures into practice is another matter. Once Albert Einstein said: "“In theory, theory and practice are the same. In practice, they are not.” For this reason and if it isn't caused you too many troubles, would you please describe the additional details, beside the 4-Rules we already know, what and how you do H1 TF trading. I ask you for this favor, because few pages back when someone was asking you about H1 and H4 trading, you said just to watch the conditions in M15. Basically what I understood, if the 4-Rules are met in M15, H1 and H4 will take care of themselves. Obviously, when the conditions are met in M15, they are not necessarily ready in H1 or H4. So, what do you do in this kind of situation? Please clarify this issue, if you wouldn't mind to help me.

Again, you help and generosity in sharing your experience with the rest of us are very much appreciated.

Cheers...
RD
To excel by continuous learning
  • #5,563
  • Mar 15, 2012 4:06pm Mar 15, 2012 4:06pm
Quoting Alorente
That is the 5M scalping system that we have. Enter long on crossing above 0.50 and exit on crossing below it. Enter short on crossing -0.50 and exit above it. We could set the alarm on the indicator. It doesn´t need to be on the dashboard. It cannot be on multiple time frames, because each will enter at different times, but if you have the three charts of 3 TFs the indis could alert you as they cross. That is easy to do. I can send the voice ,wav files to Shah and he can code it. I´ll prepare them tomorrow.
Now that would be a fantastic development.Not only can we take advantage of the over extension when price hits the outer TMA band looking for a change of direction, but we can also be alerted to take a position looking to follow the trend when slope is above .50 and going upwards for a long and opposite for a short.Hope Shah can manage that, well done Shah.
  • #5,564
  • Mar 15, 2012 4:46pm Mar 15, 2012 4:46pm
Quoting crodzilla
Al, here is an indicator I quickly put together. Put it on the 15-min of any chart, of the Symbol you would like to find the optimum ATR Multiplier for. It will optimize each timeframe as a tick comes in, so it doesn't lock up your MT4.

It will run once through all timeframes, then stop, so you can change your TMA's parameters then unload the optimization indicator.

You can change the PercentInBands to your liking. If you want 90% of the last 300 bars of history to be inside the bands enter .9. If you want 80% of the last 300 bars to be inside...

Carl you are a real genius man
  • #5,565
  • Mar 15, 2012 5:08pm Mar 15, 2012 5:08pm
Quoting Alorente
Hello Robert. Yes, I´m beginning to warm up to the idea of recommending the H1 TF for the Extreme TMA System. The trades are much easier to spot and to enter. I haven´t had a loser yet in H1. It is slower than molasses for me because I´m used to M5 but for learning to master the system while you make money consistently I think it is the way to go. I would not touch M15 until you really know the ropes and are ready to implement the Recovery system. Remember to keep your trade size small and Recovery is a piece of cake. Just completed my 17th Recovery...
It does give a lot of confidence when you see the price pushing outside the M15 AND the H1.

One question about your recovery trades: how many pips do you keep between trades? I used 80 pips for my last one and it seemed to work fine for GBPJPY. Does it vary depending on the pair and/or daily range?

PB
  • #5,566
  • Mar 15, 2012 5:11pm Mar 15, 2012 5:11pm
Dear Al,

I highly appreciate your support here, I still want give some feedback, it is really meant contructive.
I still need to master the system, therefore as recommended, I started in H1. I try to precisely stick to the rules, so far so good, had a couple of successfull trades.
Couple of hours ago, I went short on AU and long on UC. I think both as per the rules.
Now you write:

Quoting Alorente
Quote
How do you like the USDCHF on 1H?
I wouldn´t touch it here. It has a lot of bottoming to do before going anywhere. I see it retesting 0.92 more than once.
and on AU

Quoting Alorente
Quote
Remember that this short is to 1HR too!!!! More than 60 pips on 1HR on TMA.
Yes, but you should sell at bottom band of M15 TMA because the next move is to the top H4 band. It will retest the H1 band to turn it slowly upward towards the H4 top band. So exit when it touches the bottom band of M15.
I should be thankful for your hints, but I just wonder how I ever should master the system one day without your help. I'm also missing a reason for your hints, you just say "I see... it will...".

My request would be to make your comments more clear. Like: "yes, this entry is correct as per the rules. I personally would overrule the rules based on my experience and not enter. (optionally explain why not)." Would this make sense?
I mean it is like growing children: don't tell them just the solution, teach them to find the solution on their own...

now I run for cover

take care
candletiger
  • #5,567
  • Mar 15, 2012 6:00pm Mar 15, 2012 6:00pm
Quoting pixelboy
It does give a lot of confidence when you see the price pushing outside the M15 AND the H1.

One question about your recovery trades: how many pips do you keep between trades? I used 80 pips for my last one and it seemed to work fine for GBPJPY. Does it vary depending on the pair and/or daily range?

PB
I always use 100 pips. per level. You will notice that recovery almost always happens with high ATR pairs, so 100 is the number. Not less.
Observation is the path to discovery.
  • #5,568
  • Mar 15, 2012 6:04pm Mar 15, 2012 6:04pm
Quoting candletiger
Dear Al,

I highly appreciate your support here, I still want give some feedback, it is really meant contructive.
I still need to master the system, therefore as recommended, I started in H1. I try to precisely stick to the rules, so far so good, had a couple of successfull trades.
Couple of hours ago, I went short on AU and long on UC. I think both as per the rules.
Now you write:



and on AU



I should be thankful for your hints, but I just wonder how I ever should master the system one day without your help. I'm also missing a reason for your...
OK. Tomorrow I will explain the H1 process and the MTF TMA which is why I said not to touch USDCHF. I can´t right now because I am dealing with a migraine and can barely see to write this. Good night.
Observation is the path to discovery.
  • #5,569
  • Mar 15, 2012 6:05pm Mar 15, 2012 6:05pm
Quoting Lauris
I' m follow your thread and I found it very interested, however I trade mostly Oil, and seldom do Forex. Have you try your system on the crude Oil? Your response will be greatly appreciated.
Yes. It works fine with Oil, Gold and S&P500. I have not tried it with individual stocks.
Observation is the path to discovery.
  • #5,570
  • Mar 15, 2012 6:15pm Mar 15, 2012 6:15pm
Thank you for your reply. I will be follow your thread, I want to congratulate you because it is one of the best that I have come across in FF!!!
  • #5,571
  • Mar 15, 2012 6:15pm Mar 15, 2012 6:15pm
Quoting Alorente
OK. Tomorrow I will explain the H1 process and the MTF TMA which is why I said not to touch USDCHF. I can´t right now because I am dealing with a migraine and can barely see to write this. Good night.
Hope for you that you will be fine tomorow again !
Migraine is a very bad feeling to have, i know it !

Looking forward to your MTF TMA 1H process explaining......

Have a good rest
  • #5,572
  • Mar 15, 2012 6:32pm Mar 15, 2012 6:32pm
I see my little info panel is in the packet now. So cool. Not sure if anyone is using it though. It has a few minor bugs in the display colors.

Well if anyone is using it, here is a fixed version.

1. Minor display rules bugs fixes.
2. Pivots now allow you to adjust your GMT offset.
2. Added alert system when the Extreme TMA Rules are met. (This code is very simple so if you want to tweak them then just open the file and edit the alert rules.)

I am also including the Pivot Indicator I use to test. This is just some code I have fixed up as I am testing the Pivot code. This will allow an offset setting and works in backtesting.
Attached File(s)
File Type: mq4 ExtremeTMAInfo.mq4   17 KB | 545 downloads
File Type: mq4 Pivot_AllLevels.mq4   8 KB | 507 downloads
  • #5,573
  • Mar 15, 2012 6:51pm Mar 15, 2012 6:51pm
Quoting Paradox
I see my little info panel is in the packet now. So cool. Not sure if anyone is using it though. It has a few minor bugs in the display colors.

Well if anyone is using it, here is a fixed version.

1. Minor display rules bugs fixes.
2. Pivots now allow you to adjust your GMT offset.
2. Added alert system when the Extreme TMA Rules are met. (This code is very simple so if you want to tweak them then just open the file and edit the alert rules.)

I am also including the Pivot Indicator I use to test. This is just some code I have fixed up...
Thank You Paradox...
If I Change, the whole World changes!
  • #5,574
  • Mar 15, 2012 7:05pm Mar 15, 2012 7:05pm
So being the backtesting junkie that I am and also really loving the new MTF TMA analysis. I decided to get the TMA indicator working fulling in strategy tester.

The old code had completely different section for the MTF parts. I wanted this to stay as simple as possible for any maintenance so I have overhauled the codebase using the same TMA code that is used in the slope indicators. I have tested this quite a bit and it behaves identical to the existing code so it should be a completely interchangeable indicator.

The only major difference in this code is that the old code did not display the center line on the Higher TF. This is a bug I introduced into the code when implementing the color changes. Now there is and option called ShowCenterLine that you can use when you only want the Higher TF bands.

Hopefully we can also implement crodzilla's optimizer as an option right in the TMA indicator.
Attached File(s)
File Type: mq4 ExtremeTMALine.mq4   7 KB | 611 downloads
  • #5,575
  • Mar 15, 2012 7:06pm Mar 15, 2012 7:06pm
Quoting Forex Girl
Thank You Paradox...
Your welcome.
  • #5,576
  • Mar 15, 2012 7:17pm Mar 15, 2012 7:17pm
Quoting candletiger
...My request would be to make your comments more clear. Like: "yes, this entry is correct as per the rules. I personally would overrule the rules based on my experience and not enter. (optionally explain why not)." Would this make sense?
I mean it is like growing children: don't tell them just the solution, teach them to find the solution on their own...

now I run for cover

take care
candletiger
Uuh, I thought we were developing and testing an advanced trading system, not evaluating Al's teaching ability (which I think is excellent, BTW.)
The mind thinks, the heart knows...
  • #5,577
  • Mar 15, 2012 10:11pm Mar 15, 2012 10:11pm
Hi guys,

Obviously we all love this thread very much, especially because our beloved friend and teacher Alfredo is extremely patient in answering, commenting and explaining our questions, requests, etc. etc... We all are so grateful to you Al. Thanks again and again...

Despite all of these favors, I feel, please forgive me if I'm wrong, that the discussions are mostly in the technicality of the method rather than the application of it. It's certainly nothing wrong with that (!). But, for learners it would be good, if we can see more charts and have discussion about them. It would be good to have 2 snapshots, which show the entry and closing charts of a trade. Even if a trade ends up unsuccessful, it is worth for discussion. By doing so, I believe, we can learn each other through sharing experiences and don't need to repeat the same mistake already made.

What we currently need is .mq4 or .ex4 code, which is capable to automatically take snapshot once an entry or exit of a trade is made. I'd appreciate if someone knows and can point me to something like that. I am looking forward to posting my first 2 snapshots for discussion in this thread.

Please let me know what you think about this suggestion.

Cheers...
To excel by continuous learning
  • #5,578
  • Mar 15, 2012 11:14pm Mar 15, 2012 11:14pm
Quoting PeepCzar
Hi guys,

Obviously we all love this thread very much, especially because our beloved friend and teacher Alfredo is extremely patient in answering, commenting and explaining our questions, requests, etc. etc... We all are so grateful to you Al. Thanks again and again...

Despite all of these favors, I feel, please forgive me if I'm wrong, that the discussions are mostly in the technicality of the method rather than the application of it. It's certainly nothing wrong with that (!). But, for learners it would be good, if we can see more charts and...
If you read all of the pages in the thread you would know the answers to the questions you ask, as they have been asked previously.
Tracking the Specialists.
  • #5,579
  • Mar 15, 2012 11:56pm Mar 15, 2012 11:56pm
Quoting PeepCzar
Hi guys,


Despite all of these favors, I feel, please forgive me if I'm wrong, that the discussions are mostly in the technicality of the method rather than the application of it. It's certainly nothing wrong with that (!). But, for learners it would be good, if we can see more charts and have discussion about them. It would be good to have 2 snapshots, which show the entry and closing charts of a trade. Even if a trade ends up unsuccessful, it is worth for discussion. By doing so, I believe, we can learn each other through sharing experiences...
Hi PeepCzar,

I totally agree with you. In particular it would be interesting to have copies of charts immediately after people get into a trade.This is particularly important insofar as the indicators repaint.
  • #5,580
  • Mar 16, 2012 12:50am Mar 16, 2012 12:50am
Here you go PeepCzar, I have never used this indicator but hope it helps. I usually click on File on my MT4 platform and then choose Save as Picture. Then I save my chart to my Desktop and then the chart is ready for attachment.
Attached File(s)
File Type: mq4 Screenshot.mq4   6 KB | 580 downloads
Trading can't be taught but it can be learned
4 traders viewing now