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Extreme TMA System

  • #6,141
  • Mar 20, 2012 11:06am Mar 20, 2012 11:06am
Quoting Paradox
I do like ATR info. But you know this is basically exactly the same as the TMA Size: Value in the ExtremTmaInfo panel. That size number is multiplied by 4 to represent the size of the band. It is still the same info though.
Thanks Paradox; didn't know that and I like that! Steve
  • #6,142
  • Mar 20, 2012 11:07am Mar 20, 2012 11:07am
Al, just send you a mail, please check. flaw
Wishing my last name were LESS
  • #6,143
  • Mar 20, 2012 11:07am Mar 20, 2012 11:07am
Quoting maudur
Carl,

Do not want to get into a discussion about it, I just want to work with the thread and if you consider it appropriate, I can gladly review the code and tell you how you can correct. As AL knows, I'm a Systems Engineer and have worked in software development for over 20 years, especially in systems for financial institutions, which allowed me to gain some experience. Now I take 3 years developing MT4 EAs and I think I learned something.

I believe that their collaboration in this thread has been fabulous and thank you for their developments....
I vouch for Mauricio. He is a pro. There is nothing I would like more than Carl and Mauricio working together to improve the system.
Observation is the path to discovery.
  • #6,144
  • Mar 20, 2012 11:09am Mar 20, 2012 11:09am
Quoting maudur
Al,

Please Explain the following:

Applying the template high or low in H1, the H1 channel appears twice, I understand that it's by the ATR Multiplier in TMA v1.4 Color Center Line indicators, but how I know what TMA channel is the correct? The Orange?

Thanks
Mauricio, the 3 TMAs will only show if you are in M15 TF on your chart or less. If you are in H1, the H1 will show twice and the M15 will not be there.
Observation is the path to discovery.
  • #6,145
  • Mar 20, 2012 11:12am Mar 20, 2012 11:12am
Thanks Al...will keep an eye out for it. And of course thanks for all your help.

On a separate MT4 note, does anyone know how to 'turn off' the 'Start of Day/Week' vertical lines? Thanks

Cheers

Freddi


Quoting Alorente
Here is a tidbit of my Market Breathing system. Look at EurUsd on the chart below. This is what I call a 1-2-3 and test move. Look at the Coral. It has jumped three times (3 Breaths after crossing the 200SMA and now it is testing the high after the third breath). Remember this formation between the Coral and the 200SMA and look for it in the future. It is an important reversal pattern.
  • #6,146
  • Mar 20, 2012 11:14am Mar 20, 2012 11:14am
Quoting rivtrader
Al, When I make 5% or less in a day, I classify it as a below average day. For example, yesterday I was up more than 12%, today I am up more than 10% just scalping the 5 minute charts. That goes to show you just how much those dumbos really know about the market and yet they go through every forum posting such ridiculous comments with such unfounded authority.
Thank you. Finally the real traders are speaking... The ONLY reason I have mentioned my returns are to give members an idea of what can be accomplished. There is no intention of bragging or anything else. It is true that there are many smarty pants on FF that think they know when they actually have no idea what trading is all about. Congratulations on your returns. It comes as nothing new to me to hear about them.
Observation is the path to discovery.
  • #6,147
  • Mar 20, 2012 11:17am Mar 20, 2012 11:17am
Quoting Alorente
I vouch for Mauricio. He is a pro. There is nothing I would like more than Carl and Mauricio working together to improve the system.
Thank you very much AL.

Muchas gracias por tus palabras. Las aprecio mucho.!!!
Enter Signature
  • #6,148
  • Mar 20, 2012 11:19am Mar 20, 2012 11:19am
Quoting Alorente
Lynn, when you have testing results, I would appreciate if you share them with us. Especially if you remove the repainting issue. Thanks.
I'll be happy to.

I've closed three profitable trades this morning. Again, small gains but they hit my tp's. No losses. Lynn
  • #6,149
  • Mar 20, 2012 11:20am Mar 20, 2012 11:20am
Quoting maudur
Carl,

Do not want to get into a discussion about it, I just want to work with the thread and if you consider it appropriate, I can gladly review the code and tell you how you can correct. As AL knows, I'm a Systems Engineer and have worked in software development for over 20 years, especially in systems for financial institutions, which allowed me to gain some experience. Now I take 3 years developing MT4 EAs and I think I learned something.

I believe that their collaboration in this thread has been fabulous and thank you for their developments....
Please, lets discuss it. I have been in software development for 28 years, and an EA and indicator developer for over 7 years. Lets use all this experience.

I have been working on an error routine, since this indicator is a work in progress... but if you already have something worked out, please share.

Carl
  • #6,150
  • Mar 20, 2012 11:20am Mar 20, 2012 11:20am
Quoting freddi
Thanks Al...will keep an eye out for it. And of course thanks for all your help.

On a separate MT4 note, does anyone know how to 'turn off' the 'Start of Day/Week' vertical lines? Thanks

Cheers

Freddi
In the pivots indi, towards the bottom of the inputs there are two lines:

Show Todayīs Separator Line
Show Yesterdayīs Separator Line

Set both to false to get rid of them.
Observation is the path to discovery.
  • #6,151
  • Mar 20, 2012 11:21am Mar 20, 2012 11:21am
Al,checking out the use of the higher time frame TMA lines.
What is your opinion of trading the 5 mins chart , with 15 min, 30 min and 60 min TMA lines ?
  • #6,152
  • Mar 20, 2012 11:21am Mar 20, 2012 11:21am
Quoting maudur
Thank you very much AL.

Muchas gracias por tus palabras. Las aprecio mucho.!!!
I just vouched for you. Your first one. You deserve many more.
Observation is the path to discovery.
  • #6,153
  • Mar 20, 2012 11:24am Mar 20, 2012 11:24am
Quoting puppet
Al,checking out the use of the higher time frame TMA lines.
What is your opinion of trading the 5 mins chart , with 15 min, 30 min and 60 min TMA lines ?
Very good. It works beautifully. I have done it till yesterday. The day I had 33 and 0 on the thread was with 5M charts. I now want to concentrate on H1 and H4 because I am backed up testing everything you guys come up with and answering questions. I donīt have the time to be staring at the screen.
Observation is the path to discovery.
  • #6,154
  • Mar 20, 2012 11:28am Mar 20, 2012 11:28am
Quoting Alorente
Mauricio, the 3 TMAs will only show if you are in M15 TF on your chart or less. If you are in H1, the H1 will show twice and the M15 will not be there.
Yes Al, but in H1 if I apply the template "Extreme TMA System - High ATR - Large" to EURUSD, I get a chart like that I show.

Channel 1 corresponds to the indicator "TMA Center v1.4 Color Line" with Timeframe = 60 and channel 2 corresponds to the same indicator with Timeframe = "current time frame."

The first indicator has ATRMultiplier = 3 and the second = 2.

The question is, Which of these channels is the correct for 1 hour? How I know it?

Thanks.
Attached Image
Enter Signature
  • #6,155
  • Mar 20, 2012 11:30am Mar 20, 2012 11:30am
Thanks Al. I understand the reason for the 1H and 4H charts.
Personally I dont have the temperament for the longer time frames nor the appetite for the necessary larger breathing loss space.
  • #6,156
  • Mar 20, 2012 11:32am Mar 20, 2012 11:32am
Quoting maudur
Yes Al, but in H1 if I apply the template "Extreme TMA System - High ATR - Large" to EURUSD, I get a chart like that I show.

Channel 1 corresponds to the indicator "TMA Center v1.4 Color Line" with Timeframe = 60 and channel 2 corresponds to the same indicator with Timeframe = "current time frame."

The first indicator has ATRMultiplier = 3 and the second = 2.

The question is, Which of these channels is the correct for 1 hour? How I know it?

Thanks.
The orange one is the correct indicator. I insist that you should look at the chart in 15M TF. That way you get all three TMAs. That is the purpose of MTF, to see all three. You donīt need to be in H1 TF.
Observation is the path to discovery.
  • #6,157
  • Mar 20, 2012 11:34am Mar 20, 2012 11:34am
Quoting puppet
Thanks Al. I understand the reason for the 1H and 4H charts.
Personally I dont have the temperament for the longer time frames nor the appetite for the necessary larger breathing loss space.
Trust me, Iīm definitely a M1 and M5 guy, but when you are busy, H1 and H4 come in handy.
Observation is the path to discovery.
  • #6,158
  • Mar 20, 2012 11:34am Mar 20, 2012 11:34am
Quoting Alorente
I just vouched for you. Your first one. You deserve many more.
Oh, thank you very much AL. This is wonderful, especially coming from someone like you.

Thank you so much.
Enter Signature
  • #6,159
  • Mar 20, 2012 11:37am Mar 20, 2012 11:37am
Quoting Alorente
The orange one is the correct indicator. I insist that you should look at the chart in 15M TF. That way you get all three TMAs. That is the purpose of MTF, to see all three. You donīt need to be in H1 TF.
Yes, I've M15 charts, but in order to use your "Simple H1 THVmethod", I need H1 chart or not?

Thanks.
Enter Signature
  • #6,160
  • Mar 20, 2012 11:40am Mar 20, 2012 11:40am
Good to learn that you also like the 1 min and 5min charts Al. Not for beginners or the faint hearted.
I take this opportunity to congratulate you and your team.You have put together an impressive system and set of indies which could well be foolproof if allied to trader self discipline.
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