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Extreme TMA System

  • #7,021
  • Mar 24, 2012 9:03am Mar 24, 2012 9:03am
Quoting nanningbob
I am looking for something that will manage all trades using an MA line or ???? in other words if I set it to an 8MA and that line is crossed the trade will be closed on any pair. I dont know if a trade manager can do that but that would interest me quite a bit. So if you find something like that let me know.

I am taking AL's idea from here and see if I can work something up for a 4H chart. Those of us that work most of the day and cant scalp i think his idea is adjustable. So will be lurking around.
Work all day me too, this Would be very interesting, thank you Nanningbob!!

Ciao
Sabrina
  • #7,022
  • Mar 24, 2012 9:48am Mar 24, 2012 9:48am
Quoting sabrys5769
Work all day me too, this Would be very interesting, thank you Nanningbob!!

Ciao
Sabrina
I'm with you too on this one...... if you can figure out something PLSE.
I'll be for ever greatful........ thank you kindly.
Dayjobber too.....
  • #7,023
  • Mar 24, 2012 9:52am Mar 24, 2012 9:52am
Quoting penet
Hah me too and my trade have -80pips ... I hope it will drop soon.
still holding short
eurusd
euraud
gbpusd
all negative for now
A good trader follows his rules, but great trader knows when to break them
  • #7,024
  • Mar 24, 2012 9:53am Mar 24, 2012 9:53am
Quoting interbucks
Thanks for the help friend... I will check them out !!
Hey Interbucks ,may I please ask did you try out the two above sims yet?

Wonder which one is the best for testing the strategy in....
think I will try them out this weekend! Thanks
Tracking the Specialists.
  • #7,025
  • Mar 24, 2012 10:43am Mar 24, 2012 10:43am
Quoting nanningbob
I am looking for something that will manage all trades using an MA line or ???? in other words if I set it to an 8MA and that line is crossed the trade will be closed on any pair. I dont know if a trade manager can do that but that would interest me quite a bit. So if you find something like that let me know.

I am taking AL's idea from here and see if I can work something up for a 4H chart. Those of us that work most of the day and cant scalp i think his idea is adjustable. So will be lurking around.

I use an EA that does that and much more. It is a commercial product and therefore not free, but it will manage a trade with MA or fibs or practically any other way you can dream up. My use of it only scratches the surface of its capabilities. It can handle trades simultaneously on any pair, but unfortunately, it can only handle one trade on a specific pair at a time.

It is called "Manage the Pip". Here is a link.

managethepip.com/
  • #7,026
  • Edited 1:50pm Mar 24, 2012 1:30pm | Edited 1:50pm
Quoting chaveznqoos
Hi William, thanks for your template.
A noob question;
In your Short AUDUSD, where did your entry? A o B ?.
If B:

Do you expect that the price always close in a band of time frame longer (15m, 1 h) with flash or closing HA, color?.
Sorry my bad English.

Thanks
Hello Chaveznqoos,

I took it at 'B' because it crossed the 5M and 15M bands.

To be honest, I thought the PA would probably go band to band, which it did not. So I was fortunate to end with a profit.

That is what I like about scalping. I do not have to be completely right to make a few pips. And if I am wrong, my account can absorb a 10 pip loss pretty easily. As many here have said, once you adapt a system to fit your style you will probably become more comfortable and more profitable.

However, I do not want to go get too far off of the thread discussion. Alfredo is leaning toward the higher timeframes and recovery, so that is where we should probably focus.

Sincerely,

William
may you find what you seek and trade what you find
  • #7,027
  • Edited 2:25pm Mar 24, 2012 1:49pm | Edited 2:25pm
Quoting nanningbob
I am looking for something that will manage all trades using an MA line or ???? in other words if I set it to an 8MA and that line is crossed the trade will be closed on any pair. I dont know if a trade manager can do that but that would interest me quite a bit. So if you find something like that let me know.

I am taking AL's idea from here and see if I can work something up for a 4H chart. Those of us that work most of the day and cant scalp i think his idea is adjustable. So will be lurking around.
Hello Nanningbob,

Please try this EA to see whether it meets your criteria. If you come up with anything interesting, I look forward to hearing about it.

Sincerely,

William

edit:
I do not have the mq4 version.
Attached File(s)
File Type: ex4 universalMACrossEA.ex4   27 KB | 414 downloads
may you find what you seek and trade what you find
  • #7,028
  • Mar 24, 2012 4:05pm Mar 24, 2012 4:05pm
nice system...
Attached Image (click to enlarge)
Click to Enlarge Name: FXFACTORYTABLO.jpg Size: 26 KB
  • #7,029
  • Mar 25, 2012 3:39am Mar 25, 2012 3:39am
Last week was a reminder that the market can be wrong for a longer period than I can afford to be right. The importance of trading small lot sizes has been emphasised by Al on innumerable occasions. Al, correct me if I am wrong but with this system using the recovery method instead of stop losses is recommendable. With the recovery method the initial trade should be small enough as to enable the trader to use the recovery method. (e.g. trading 0.5 lots with $5,000 equity you will end up never reaching the 3 phase of the recovery method and blowing your account if an adverse trend persists.

To this end I have attached a basic excel sheet which calculates lot size depending on the equity balance , leverage etc. The yellow shaded cells represent the amounts you have to insert to calculate the lot sizes. I have also included al sheet listing Al's posts relevant to this issue with links to the thread.

The lot size excel sheet is locked to prevent unintended deletion of the formulas. Should anyone wishes to amend anything, no password is required to unlock...just go to Review and click "Unprotect sheet"
Attached File(s)
File Type: xls Ext TMA Lot size.xls   96 KB | 455 downloads
  • #7,030
  • Mar 25, 2012 3:42am Mar 25, 2012 3:42am
Al please check that the lot size calculation in the excel is correct and in line with your various posts.
Thanks again for your generosity.
  • #7,031
  • Mar 25, 2012 3:51am Mar 25, 2012 3:51am
Kindly replace the previously posted excel sheet with the one below...there are some lot size rounding issues in the old sheet.
Sorry for any confusion...
Attached File(s)
File Type: xls Ext TMA Lot size.xls   96 KB | 417 downloads
  • #7,032
  • Mar 25, 2012 4:51am Mar 25, 2012 4:51am
Yes Domino - that old saying "the market can stay irrational longer than you can stay solvent" is very true.
  • #7,033
  • Edited 5:14am Mar 25, 2012 5:08am | Edited 5:14am
Hi Al and everybody else

I have been following this thread for a couple of weeks now and I am still busy trying to read earlier posts I think are relevant to the system. What I find impressive is the number of people who have made positive contributions. Thanks to everybody for that. Therefore I decided to make a little contribution myself.

For many years I studied the work of JM Hurst who was perhaps one of the earliest to study stock market cycles using computers. He did use moving averages to obtain price targets buy shifting them backwards in time. To get into more detail of Hursts work here is not possible.

I find however I can get the same results using the TMA centre lines without any phase shifting.

Please take a look at the attached chart,

If I measure from the point A to the intersection of the centre lines( Green Lines) and then project the same distance down(Yellow Lines) from the intersection I get the price target C. The same method has been used to obtain the price target F.

Hurst said to allow a 10% margin for error. He did not make clear if this 10% was to be divided equally about the price target. This method also works for corrections though I have found that corrections against the trend can at times fall short of targets.

Targets can be overshot on occasions and at other times remarkably accurate.

I removed all other channel lines for the sake of clarity. I must also say I find the TMA slope indicator to be the most accurate and consistant indicator encountered by myself to date and I have traded since 1984.

Hope you find my contribution useful.

Cheers
Nut

PS
One question, at times the center line paints white, is this because the channels are flat at that point?
Attached Image (click to enlarge)
Click to Enlarge Name: Price Targets.jpg Size: 226 KB
  • #7,034
  • Mar 25, 2012 5:33am Mar 25, 2012 5:33am
Anyone can give me EA nanningbob's Recovery ? i really thank very much . Because i have not many time to follow chart all day . Inbox me if you can .

Max
Share and Receive
  • #7,035
  • Mar 25, 2012 5:47am Mar 25, 2012 5:47am
PS
One question, at times the center line paints white, is this because the channels are flat at that point?[/quote]

Nut, the C/L paints white whenever the TMA Slope ranges between +/-0.50,indicating a ranging market where both long and short trades are permitted.
Thanks for your contribution. I'm eager to test your theory.

Cheers, Rob
  • #7,036
  • Mar 25, 2012 5:54am Mar 25, 2012 5:54am
Quoting Nut

If I measure from the point A to the intersection of the centre lines( Green Lines) and then project the same distance down(Yellow Lines) from the intersection I get the price target C. The same method has been used to obtain the price target F.

PS
One question, at times the center line paints white, is this because the channels are flat at that point?
So what you're saying is that price usually will reach the opposite band which is from top band to centre x2? We already know this, unless I'm missing something here?

Also when the centre line is white it means we can look for shorts or longs as price is rangebound and not trending too steeply.
  • #7,037
  • Mar 25, 2012 7:25am Mar 25, 2012 7:25am
Hi Nut
Please, attach tpl + indicators ( Renko? )
Thank you very much
Michalea



Quoting Nut
Hi Al and everybody else

I have been following this thread for a couple of weeks now and I am still busy trying to read earlier posts I think are relevant to the system. What I find impressive is the number of people who have made positive contributions. Thanks to everybody for that. Therefore I decided to make a little contribution myself.

For many years I studied the work of JM Hurst who was perhaps one of the earliest to study stock market cycles using computers. He did use moving averages to obtain price targets buy shifting them backwards...
  • #7,038
  • Mar 25, 2012 7:29am Mar 25, 2012 7:29am
Quoting maxryan9999
Anyone can give me EA nanningbob's Recovery ? i really thank very much . Because i have not many time to follow chart all day . Inbox me if you can .

Max
I always do my recoveries manually, however, Steve Hopwood's THE BEAST EA has it programmed in. You can find the coding there but I dont know any individual EA that just does Recovery. I use my 10.0 reads for all my recovery trades and I use the outside-in -- O.I. EA. That is found in the 10.0 thread for recovery. The EA waits for price to go into range mode before trying to do recovery. However, here in AL's thread using the 5M and 15M charts recovery is done slightly differently. Since I have not read the whole thread I am not sure what Al has taught as recovery for here. The most important thing I know about recovery is keeping your reentries spread apart and not too close together. Depending on the pair that can range from 150-300 pips. But again I trade 4H and Daily charts and that is where recovery trades were developed and conceptualized.
  • #7,039
  • Mar 25, 2012 7:54am Mar 25, 2012 7:54am
Quoting shahrooz67
On the same boat !

If some thing is good for one , why A change ?!
Becaue there can be a BETTER way. Wasn't walking a good way to travel? People traveled this way for thousands of years, and continue to do so. Someone connected a cart to an animal and found out it is posible to go further with less effort than walking. Someone else replaced the animal with an engine... Get the point? Just because it is already GOOD doesn't mean that some CHANGE won't provide some type of benefit.

Look at the colored slope indicator. Why not just leave it with a totally white histogram? It tells the same information no matter what color the bars are. Well, a CHANGE of the coloring of a great indicator makes it better only from the fact that it is easier to see differences in it, not that it has changed the information at all.

For all those that are quick to reject change, at least make an evaluation of a change rather than rejecting it simply because it is a change.
To free Gazans of Hamas, use whatever it takes.
  • #7,040
  • Mar 25, 2012 8:12am Mar 25, 2012 8:12am
I believe that in forex trading the most important thing is consistency.

Change is important BUT it's also equally important to know when something works and to stick to your strategy without trying to make it 100% perfect.

You can definitely make your strategy more efficient but make sure that when know when you find something that works to STICK TO IT. If you keep changing indicators and looking for something different your strategy will never be consistent and you'll end up chasing your tail.
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