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Extreme TMA System

  • #7,721
  • Mar 30, 2012 6:00am Mar 30, 2012 6:00am
Quoting imbonitore
nice short gbu /usd 1.6008 tp 1.5885
Yes!!! I too, at night GU 1,5923 1,5956, today 1,5990 1,6018
  • #7,722
  • Mar 30, 2012 6:13am Mar 30, 2012 6:13am
Quoting tnavi
come on guys!!!

http://i43.tinypic.com/dndbbn.jpg

eurjpy 15min
slope is pointing down
4hr is down
in between 15min bands

.....no good IMHO

Bye
  • #7,723
  • Mar 30, 2012 6:22am Mar 30, 2012 6:22am
dorellino...look this:

http://i42.tinypic.com/1zfoduw.jpg

regards!
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #7,724
  • Mar 30, 2012 6:30am Mar 30, 2012 6:30am
Hello, I'd like to ask some of the programmers here if they can place a parameter on the ExtremeTMALine that can put on a hold the signal after it gets triggered for a certain amount of time.
I have same function for an ema crossing indi, if the code in it can be useful I will send it to who will be able to use it and apply then the same concept to the TMA.
This way we will not get triggers after triggers when the price approach one of the bands and keep lingering in there.
Thanks
Max
  • #7,725
  • Mar 30, 2012 6:33am Mar 30, 2012 6:33am
Quoting tnavi
dorellino...look this:

http://i42.tinypic.com/1zfoduw.jpg

regards!
On my chart it has not even pierced the band, and entering now it's late, methinks
  • #7,726
  • Mar 30, 2012 6:39am Mar 30, 2012 6:39am
Quoting Alorente
I like S2 as a target since as price drops, the H1 lower band should repaint to around S2.
Do you still believe in the downward move to 1.26 over the coming days?
  • #7,727
  • Mar 30, 2012 6:49am Mar 30, 2012 6:49am
GU

we have 2 max
i m waiting for the trix cross
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  • #7,728
  • Mar 30, 2012 7:20am Mar 30, 2012 7:20am
Quoting bluesky100
Carl

Thanks for your quick reply. One final question is whether the user will be able to set several time frames, for example the M15, H1, and H4,and only get an alert when all 3 agree?
That will eventually be added, although I'm not convinced that you would get alerts like that very often.

This has been a long (for me anyway) building process to get the dashboard the way it needs to be.

Carl
  • #7,729
  • Mar 30, 2012 7:23am Mar 30, 2012 7:23am
Quoting jucaorma
GU

we have 2 max
i m waiting for the trix cross
what you thinking FOREX GIRL ?
  • #7,730
  • Mar 30, 2012 8:01am Mar 30, 2012 8:01am
nice candlestich for gbp / usd to 30 min

Attached Image
  • #7,731
  • Edited 9:04am Mar 30, 2012 9:01am | Edited 9:04am
Quoting Muganhu01
Does this system actually make money on small time frames?
Muganhu01, I have had very good success trading the M1 & 5M TFs in the direction of the longer TF trend. I also trade the retracement move once I am convinced a current move has exhausted (temporarily) Although I have modified the system to suit my trading style & risk tolerance I do follow the basics of the system. I really like it because combined with Fibs and my own indicators I know when to trade and when not to trade and in which direction.

If you are used to trading smaller TFs then check it out I think you will see what I am talking about. My average DD is 4-5 pips and I target anywhere from 8-21 pips depending on market conditions, PA & time of day. I don't get greedy and I don't like large DDs. My win loss ratio is 4.5:1. I use a 21 pip SL just as a saftey net to guard against the unexpected but to date it has not been hit and taken well over 200 trades in the last several weeks.

Robert

What a trip the post I replied to disappeared oh well
  • #7,732
  • Mar 30, 2012 9:15am Mar 30, 2012 9:15am
Quoting Surfnomad
Muganhu01, I have had very good success trading the M1 & 5M TFs in the direction of the longer TF trend. I also trade the retracement move once I am convinced a current move has exhausted (temporarily) Although I have modified the system to suit my trading style & risk tolerance I do follow the basics of the system. I really like it because combined with Fibs and my own indicators I know when to trade and when not to trade and in which direction.

If you are used to trading smaller TFs then check it out I think you will see what I am talking...
Well I found it interesting

I too have been trading the 1min and 5min timeframes. With good success but also with some relatively large drawdowns and a couple of big losses. I'm amazed you can pin point the turn to within 4-5pips. I'm trading it without stop loss. I just get out when I realise the trade is gone, but obviously this can be considerable negative pips. My win rate so far though is very high, but a lot of the time the trade are going 15-20 pips against me before they reach my 10-20 pip target.

Do you take into consideration all the higher TF TMA's or do you just base them off a couple. For example when I'm trading 1min, I generally just look at the 5min TMA and look for small profits off the bands of and in the direction of that, however for 5min MTA I have been taking trades at the extremes of the 1 hour TMA but also checking there is space in the 4hr bands for the move.
  • #7,733
  • Edited 10:08am Mar 30, 2012 9:29am | Edited 10:08am
Quoting los_pipos
Well I found it interesting

I too have been trading the 1min and 5min timeframes. With good success but also with some relatively large drawdowns and a couple of big losses. I'm amazed you can pin point the turn to within 4-5pips. I'm trading it without stop loss. I just get out when I realise the trade is gone, but obviously this can be considerable negative pips. My win rate so far though is very high, but a lot of the time the trade are going 15-20 pips against me before they reach my 10-20 pip target.

Do you take into consideration...
I only trade 2 pairs EUR/USD & AUD/USD and watch M1, M5, M15 & H1 for each pair on 2 large flat screens. I trade which ever one looks better with regard to PA & where price is in relationship to the various TF bands and the fibs I draw. It requires a lot of focus, patience and discipline. I don't get mad if I miss an opportunity and never chase a trade I just wait for the next bus so to speak. Don't get me wrong I have had DDs of 7,8,9 pips but there are trades where I have virtually no DD so my average is actually 4.1 pips. I base my trades on PA, daily pivots and fibs and bands on the TFs I mentioned. I get trade direction from the longer TFs and I execute based on M1 & M5.

Beleive me its not easy but it is simple and to me it beats the heck out of enduring large DDs.

Robert
  • #7,734
  • Mar 30, 2012 9:33am Mar 30, 2012 9:33am
Quoting dorellino
Hello, I'd like to ask some of the programmers here if they can place a parameter on the ExtremeTMALine that can put on a hold the signal after it gets triggered for a certain amount of time.
I have same function for an ema crossing indi, if the code in it can be useful I will send it to who will be able to use it and apply then the same concept to the TMA.
This way we will not get triggers after triggers when the price approach one of the bands and keep lingering in there.
Thanks
Max
It should alert only once on each cross of the band. It should have to cross back inside the band before it alerts again.
  • #7,735
  • Mar 30, 2012 9:53am Mar 30, 2012 9:53am
Quoting Alorente
I like S2 as a target since as price drops, the H1 lower band should repaint to around S2.
Hey.

Congratulations on the forum.

I have some queries referentas to TMASlope-Norm. This indicator repaints? You just enter the trade if this favorable position this indicator?

Sorry for the inconvenience if this topic has been discussed at another time.

Thank you.
  • #7,736
  • Mar 30, 2012 9:58am Mar 30, 2012 9:58am
Quoting grechmar
Do you still believe in the downward move to 1.26 over the coming days?
Yes. Most definitely. I see 1.26 by the end of April and 1.17 by mid summer.
Observation is the path to discovery.
  • #7,737
  • Mar 30, 2012 9:59am Mar 30, 2012 9:59am
Quoting Paradox
It should alert only once on each cross of the band. It should have to cross back inside the band before it alerts again.
Hi Paradox, it is actually happening many times ( 20, 30, 40) especially if you get the alert via mail and I'm talking about the 1hr bands not even the 15min.
Thx
Max
  • #7,738
  • Mar 30, 2012 9:59am Mar 30, 2012 9:59am
Quoting crodzilla
That will eventually be added, although I'm not convinced that you would get alerts like that very often.

This has been a long (for me anyway) building process to get the dashboard the way it needs to be.

Carl
You have done a fantastic job. Except for voice alarms, I think the Dashboard is now complete.
Observation is the path to discovery.
  • #7,739
  • Mar 30, 2012 10:16am Mar 30, 2012 10:16am
Quoting Alorente
Yes. Most definitely. I see 1.26 by the end of April and 1.17 by mid summer.
Alorente do you still feel the Gbp/Usd is heading down significantly like in post 5939 on page 396?

http://www.forexfactory.com/showthre...43533&page=396
  • #7,740
  • Mar 30, 2012 10:17am Mar 30, 2012 10:17am
Great thread and many thanks . I am a bit uclear as to which template to use is there any explanation of when to use each one please.
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