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Extreme TMA System

  • #6,161
  • Mar 20, 2012 11:41am Mar 20, 2012 11:41am
Quoting maudur
Yes, I've M15 charts, but in order to use your "Simple H1 THVmethod", I need H1 chart or not?

Thanks.
No. You can use THV in all time frames.
Observation is the path to discovery.
  • #6,162
  • Mar 20, 2012 11:47am Mar 20, 2012 11:47am
Quoting Paradox
This is the same functionally as the TMA Centerline that you currently use. It just works on strategy tester and is hopefully alot faster. It should be a direct replace but now if you want to not show the centerline there is a boolean property instead of having to change around the buffer colors.
I substituted the current time frame TMA for yours and it works great. I take it I should also substitute the H1 and H4 TMAs as well?

The result will be the same as we actually have but with better performance, correct?
Observation is the path to discovery.
  • #6,163
  • Mar 20, 2012 12:03pm Mar 20, 2012 12:03pm
Quoting Alorente
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.
Thanks Al, I had already tried that...lines are still there.

.........just found the way to turn them off....Properties/Common/ untick 'show period separators'

freddi
  • #6,164
  • Mar 20, 2012 12:13pm Mar 20, 2012 12:13pm
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.
Hello Alfredo,

Could you expand a little more regarding your 1H entries using a 15M chart. My understanding for a 1H entry is change in HA, MA Crossover (optional), TMA Slope, etc... How can you keep all of your charts on 15M and see these 1H changes for a textbook entry. Are you switching between timeframes using the same chart?

Thank you in advance.

William
may you find what you seek and trade what you find
  • #6,165
  • Mar 20, 2012 12:14pm Mar 20, 2012 12:14pm
Quoting Paradox
Al

Sorry if this is pushing but I will push my TMA line mq4 rewrite one more time here. I made this so I could use the MTF TMA Analysis in the backtester but the reason I had to rewrite the codebase is that the exist TMA line code you have uses a bunch of iCustom self references to do the Higher TF draws. This could very easily be the source of the performance issues. I have no easy way to directly profile indicators but you could always just give it a try and see if the issues are fixed.

Here is the original post with more info on the code changes....
Hi Paradox....is this indy, your version of 'TMA True'?

Cheers,

freddi
  • #6,166
  • Mar 20, 2012 12:20pm Mar 20, 2012 12:20pm
Quoting Alorente
I substituted the current time frame TMA for yours and it works great. I take it I should also substitute the H1 and H4 TMAs as well?

The result will be the same as we actually have but with better performance, correct?
Yes correct there should be no visible difference between the indicators. Yes you should use it for the Higher TF bands since these are the ones that have the performance issues in the original code. I have been using this indicator since I wrote it and it has never been off from the existing indicator so I am pretty confident it will be a painless switch.

These should be the benefits.

1. Better performance.
2. Correct behavior in strategy tester.
3. Cleaner code for anyone who has to do future modifications.
  • #6,167
  • Mar 20, 2012 12:28pm Mar 20, 2012 12:28pm
Quoting freddi
Hi Paradox....is this indy, your version of 'TMA True'?

Cheers,

freddi
No not at all. This is the same TMA line we have always used. TMA True is just the LWMA line you can make from the built in Moving average indicator.
  • #6,168
  • Mar 20, 2012 12:31pm Mar 20, 2012 12:31pm
Quoting faxxion
Hello Alfredo,

Could you expand a little more regarding your 1H entries using a 15M chart. My understanding for a 1H entry is change in HA, MA Crossover (optional), TMA Slope, etc... How can you keep all of your charts on 15M and see these 1H changes for a textbook entry. Are you switching between timeframes using the same chart?

Thank you in advance.

William
1- TMASlope indi: Change the user defined input to 60. That will give you the H1 Slope value for H1 above the 15M Slope value.

2- Use the Orange bands (H1 TMA) for entry. Exit according to rules.

3- The HA trigger is intended to get you in the trade in the right direction. You can use the 15M HA color change which does the same thing and saves you some pips since the Hi HA takes longer to change.

The MA Crossover is not used anymore.
Observation is the path to discovery.
  • #6,169
  • Mar 20, 2012 12:34pm Mar 20, 2012 12:34pm
Quoting Paradox
Yes correct there should be no visible difference between the indicators. Yes you should use it for the Higher TF bands since these are the ones that have the performance issues in the original code. I have been using this indicator since I wrote it and it has never been off from the existing indicator so I am pretty confident it will be a painless switch.

These should be the benefits.

1. Better performance.
2. Correct behavior in strategy tester.
3. Cleaner code for anyone who has to do future modifications.
I already finished updating all the charts and templates with the new TMA indi. You are right, there were no visible changes from the old. I will post them to the packet.zip file a little later.
Observation is the path to discovery.
  • #6,170
  • Mar 20, 2012 12:46pm Mar 20, 2012 12:46pm
Quoting Alorente
Another critical point:

Establish a maximum for your account and anything you make above that, pull out and invest in other safe areas. The larger the account balance, the larger the stress and the worse your results will get. I like to pull out 90% to 95% of profits and leave 5% to 10% to increase the account balance. That makes the number climb gradually and you avoid getting psyched out by the size of it. After all, whatīs the hurry?

I really like that point you just mentionned. Such a low % of profit staying in the portfolio can actually make it grow without you even realise it. Turning around 2 years later trading with an significant increase, without ever noticing you did! Thank Al for your help!
  • #6,171
  • Mar 20, 2012 12:54pm Mar 20, 2012 12:54pm
Al, looking at the 15 minute T/F using your template for the high ATR pairs, the HI and H4 TMA v1.4 colour center line ATR multiplier is set to 3 and the M15 set to 2.Is this correct?
  • #6,172
  • Mar 20, 2012 1:05pm Mar 20, 2012 1:05pm
Al,
What percentage of your trades would you say hit -100 pips? I think you said you've done 16 recovery trades so I guess that would be 16 out of probably hundreds.

I don't want to use recovery at this point but I'm considering using about 100 pips as my stop loss. I want to give my trades as much room as possible, but if I'm getting stopped out at -100 pips and my average winning trade is 30-50 pips I need to have a very high win %.

Do you think that's feasible assuming correct trade entries? Is there a smaller stop loss that still gives plenty of room that you think works better? Say 50 or 70 pips?

Thanks,
Rick
  • #6,173
  • Mar 20, 2012 1:05pm Mar 20, 2012 1:05pm
hello al and company i like metod .I have audusd buy is good Al ?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd___15__m.png Size: 60 KB
  • #6,174
  • Mar 20, 2012 1:06pm Mar 20, 2012 1:06pm
Quoting Alorente
For some people, it may work to keep getting the same returns with a huge account. For me it doesnīt. I have to keep it a reasonable size or it affects me psychologically. Maybe I feel undeserving? I donīt know, all I know is that the bigger it gets, the more difficulty I have maintaining the same level of returns and the less I enjoy what I am doing, so I donīt fight it anymore. I do this for fun and fulfillment, not for money. I think anyone who does it for the money is doomed to fail.
Your last sentence is a significant statement. I kind of figured most people do this for money which means most are doomed to fail. Interesting point.
  • #6,175
  • Mar 20, 2012 1:16pm Mar 20, 2012 1:16pm
Quoting Alorente
I use an emergency stop loss at -100 pips. Why do you think I use a stop loss from what I posted? Because of the breakeven stop? I donīt understand your question.
Al, sorry for the misunderstanding.

I know this sounds like a silly question, but what do you mean by "emergency stop loss"? Is it an actual stop loss where if it's gets hit you take a loss of -100 pips or is that a figure of speech for starting recovery at -100 pips?

I was under the impression you do not use a stop loss at all. Instead you use small lots and at -100 pips you begin recovery. Is that correct? Thanks.
  • #6,176
  • Mar 20, 2012 1:25pm Mar 20, 2012 1:25pm
The new packet file is on Page 1. All the charts and templates have the new TMA Line indicator by Paradox, which should be considerably less taxing to your processor. Also, version 24 of Carlīs Dashboard is included, which halves the memory requirements of your computer. Finally, I removed the cumbersome THV4 setup and left a new streamlined Trix indicator which is really all we need.

Enjoy.
Observation is the path to discovery.
  • #6,177
  • Mar 20, 2012 1:27pm Mar 20, 2012 1:27pm
Quoting normtold
Al, looking at the 15 minute T/F using your template for the high ATR pairs, the HI and H4 TMA v1.4 colour center line ATR multiplier is set to 3 and the M15 set to 2.Is this correct?
Yes. That is correct, but donīt worry about it because the new TMA indicator and templates are now in the packet file on page 1.
Observation is the path to discovery.
  • #6,178
  • Mar 20, 2012 1:31pm Mar 20, 2012 1:31pm
Quoting FXDawg
Al,
What percentage of your trades would you say hit -100 pips? I think you said you've done 16 recovery trades so I guess that would be 16 out of probably hundreds.

I don't want to use recovery at this point but I'm considering using about 100 pips as my stop loss. I want to give my trades as much room as possible, but if I'm getting stopped out at -100 pips and my average winning trade is 30-50 pips I need to have a very high win %.

Do you think that's feasible assuming correct trade entries? Is there a smaller stop loss that still gives plenty...
Up till two days ago, I was mainly a 5M trader, so my profits were always small with a very high (90%+) of wins. Today I booked a 140 pip trade because I am moving to H1 and H4 to test the MTF TMA system. So far I like it a lot. It feels like youīre making money while you are on vacation.

As far as the stop loss, it is really not a matter of pips. You should set your stop loss 1 pip above the previous swing high. The number of pips for that will vary depending on the time frame you choose and where the swing high is.

Good luck.
Observation is the path to discovery.
  • #6,179
  • Mar 20, 2012 1:34pm Mar 20, 2012 1:34pm
Quoting Alorente
The new packet file is on Page 1. All the charts and templates have the new TMA Line indicator by Paradox, which should be considerably less taxing to your processor. Also, version 24 of Carlīs Dashboard is included, which halves the memory requirements of your computer. Finally, I removed the cumbersome THV4 setup and left a new streamlined Trix indicator which is really all we need.

Enjoy.
Thanks for the updates Al, Carl and Paradox. This set up just gets better and better. Your hard work is appreciated guys.

PB
  • #6,180
  • Mar 20, 2012 1:34pm Mar 20, 2012 1:34pm
Quoting Xabier
hello al and company i like metod .I have audusd buy is good Al ?
I wouldnīt take that trade. It has not rebounded all day. It is very weak and very well may continue dropping. I am really surprised it hasnīt rebounded.
Observation is the path to discovery.
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