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Extreme TMA System

  • #8,281
  • Apr 6, 2012 4:13am Apr 6, 2012 4:13am
Quoting Alorente
...The answer is that the current move will repaint the H4 channel to look like the first move once all is said and done.
Thanks, Al, as always. You seem to be an endless well of wisdom, from both the market and from life!

Could I get your thoughts on a couple of things? If it's too far off topic, just ignore it.

Some one you may know that's been around for a long time, Barbara Rockefeller, who publishes an institutional newsletter that has never has a losing year since it's inception, prefers to trade futures to spot forex. With your long experience in futures trading, I wanted to get your thoughts. I like NinjaTrader way more than MetaTrader, and I could easily reproduce the indicators, (except for the dashboard) in it.

Also, I have an account at Nadex, which is binary options and vertical debit spreads, both of which I'm very comfortable with. Have you played around with these?

Thanks, again! Hope you are taking good care of yourself!
The mind thinks, the heart knows...
  • #8,282
  • Apr 6, 2012 4:13am Apr 6, 2012 4:13am
Thanks Al:

Your experience goes on paper so clearly for me. It means alot to learn from someone who knows what he's doing confidently.

Only question I was unsure of is where's the TmaSlope? I am assuming you displayed your analysis chart and the TmaSlope is on your trading chart, the other chart you keep for each pair.

I've been thinking of combining both analysis chart and trading chart. Place analyisis chart on 1h and higher and trading chart on lower TF's since I trade 1m, 5m mostly. I have 2 monitors so don't have to do this but I like simplicity alot.

Too bad i'm flat out of entries before NFP.

Steve
  • #8,283
  • Apr 6, 2012 4:25am Apr 6, 2012 4:25am
Quoting stevewide
Thanks Al:

Your experience goes on paper so clearly for me. It means alot to learn from someone who knows what he's doing confidently.

Only question I was unsure of is where's the TmaSlope? I am assuming you displayed your analysis chart and the TmaSlope is on your trading chart, the other chart you keep for each pair.

I've been thinking of combining both analysis chart and trading chart. Place analyisis chart on 1h and higher and trading chart on lower TF's since I trade 1m, 5m mostly. I have 2 monitors so don't have to do this but I like...
You guessed it. I have two monitors and TMA Slope is on the left with M15 and MTF TMAs. I like my RSI visible at all times so I keep it on the right with a longer TF chart (H1 or H4).
Observation is the path to discovery.
  • #8,284
  • Apr 6, 2012 4:29am Apr 6, 2012 4:29am
Quoting Ever E. Man
Thanks, Al, as always. You seem to be an endless well of wisdom, from both the market and from life!

Could I get your thoughts on a couple of things? If it's too far off topic, just ignore it.

Some one you may know that's been around for a long time, Barbara Rockefeller, who publishes an institutional newsletter that has never has a losing year since it's inception, prefers to trade futures to spot forex. With your long experience in futures trading, I wanted to get your thoughts. I like NinjaTrader way more than MetaTrader, and...
Ever, I havenīt tried Ninja, but Iīm not surprised itīs better than MT$ which is pretty bare bones. I used Tradestation for many years and I also liked it better than MT4.

I have played in Futures and options, but I feel very comfortable in Forex. It fits my trading like a glove and currently I have no intention of returning to futures or options.
Observation is the path to discovery.
  • #8,285
  • Apr 6, 2012 4:55am Apr 6, 2012 4:55am
Quoting Alorente
Ever,...I feel very comfortable in Forex. It fits my trading like a glove and currently I have no intention of returning to futures or options.
Thanks, Al.
The mind thinks, the heart knows...
  • #8,286
  • Apr 6, 2012 5:04am Apr 6, 2012 5:04am
Quoting Alorente
Ever, I havenīt tried Ninja, but Iīm not surprised itīs better than MT$ which is pretty bare bones. I used Tradestation for many years and I also liked it better than MT4.

I have played in Futures and options, but I feel very comfortable in Forex. It fits my trading like a glove and currently I have no intention of returning to futures or options.
I my opinion NinjaTrader is far superior to MetaTrader. You can have nearly any timefame you want. None of the off-line chart nonsense needed with MT. Program indicators and EAs in a subset of C#. Trade directly from the chart. I didn't relly explore it, but I think the backtester is better. I think it uses tick data, so it tends to run more realistically than MT. You can also easily turn on Market Replay option to capture tick data so that you can at a later time, rerun the data and practice finding setups like you would in real time. One downside that I know of: To trade from the charts, need to pay $50/month.

A "quirk" that takes some adjustment is that the time shown for a price bar in NinjaTrader is the time the bar will CLOSE, not the time that the bar OPENED.

If I had time to port the TMA code from MT to NT, I would already be running it on NT with my preferred timeframes.
When I am not busy with other endeavors, I run NinjaTrader for the charting and MT just to place orders.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #8,287
  • Apr 6, 2012 6:01am Apr 6, 2012 6:01am
Quoting DrDave
I my opinion NinjaTrader is far superior to MetaTrader....
DrDave
That's been my experience, also, DrDave. NT has some very good indicators, MA envelopes with a TMA option, which would be very easy to set up as Extreme TMA Line indi.

Their Darvas' Box works very well, also, like renko charts without visually interferring with PA using either HA or Candles.

There is a $60/mo. cost unless you buy the program, though. And I haven't found a good FX spot broker that uses it.
The mind thinks, the heart knows...
  • #8,288
  • Apr 6, 2012 7:22am Apr 6, 2012 7:22am
Quoting Ever E. Man
Thanks to William, Mike, et al for asking the questions that the rest of us needed to know the answers to, but either were afraid to ask, or didn't know we needed to!


Quoting Ever E. Man

Mike, I believe, needed accurate data that's broker independent. Here's a site that's run by Integral, the institutional data provider, which has free data directly from Integral. It has data feeds in various forms and a platform which also gets it's data directly from Integral. It might be good for comparison.

http://truefx.com/
Ever E. Man, thank you so very much!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #8,289
  • Apr 6, 2012 7:38am Apr 6, 2012 7:38am
Sheesh - EU is up and down and all over the place after that data.
  • #8,290
  • Apr 6, 2012 7:50am Apr 6, 2012 7:50am
Quoting favorite




Ever e. Man, thank you so very much!
ни за что!
The mind thinks, the heart knows...
  • #8,291
  • Apr 6, 2012 8:00am Apr 6, 2012 8:00am
Quoting handy148
Sheesh - EU is up and down and all over the place after that data.
The dollar rallied hard against the CAD though.
  • #8,292
  • Apr 6, 2012 8:20am Apr 6, 2012 8:20am
WOW! Step away from the computer to take care of some things, and what a drop! My hedge buy missed the TP by 13 pips. A quiick look at things tells me the H4 needs to make a significant rally before going down substantially..
To free Gazans of Hamas, use whatever it takes.
  • #8,293
  • Apr 6, 2012 8:27am Apr 6, 2012 8:27am
TQ Alorente, for the past two month i had never lossed. Only one pair of gbpusd and two post per day, average of 80 to 100 pips winning...with the help of other indicator to convince me.
  • #8,294
  • Apr 6, 2012 8:53am Apr 6, 2012 8:53am
Quoting Alorente
Yes. You can switch your ATR multiplier to match the dashboard. I optimized the multiplier for different pairs to better show the potential moves in each TMA based on past occurrences and to find the right amplitude of each so that lower time frame TMAs stay inside of the channel created in higher time frames. If you leave them all at 2.0 you will have a lot of crossover of lower TMA channels over higher TMA channels which, in my view, diminishes the important concept of MTF TMAs of lower TFs staying inside the channels of longer ones.

There is...
Hello Alfredo,

Thank you for the detailed answer.

William
may you find what you seek and trade what you find
  • #8,295
  • Apr 6, 2012 8:56am Apr 6, 2012 8:56am
hi all
i have used EA last day....i have used it in Eur/yen il tester strategy during one years at daily Tf and at 1h tf.....but with my surprise it give the same results gains in both the time frame....why.

after in an other tester strategy in Eur/usd in the same TF it dont give nothig results.
I post here the same results for eur/jpy daily and ih tf

Why?

thank for replay
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  • #8,296
  • Apr 6, 2012 9:26am Apr 6, 2012 9:26am
I have lots and lots of patience

...
...
...

long (again) in eurjpy

http://i39.tinypic.com/35lytmb.jpg
MY telegram channel: https://t.me/https://t.me/tnavieurusd
  • #8,297
  • Apr 6, 2012 10:11am Apr 6, 2012 10:11am
Quoting L,,Olonese
hi all
i have used EA last day....i have used it in Eur/yen il tester strategy during one years at daily Tf and at 1h tf.....but with my surprise it give the same results gains in both the time frame....why.

after in an other tester strategy in Eur/usd in the same TF it dont give nothig results.
I post here the same results for eur/jpy daily and ih tf

Why?

thank for replay
Tool - Options -

Mark
x
0
0
x
0
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0
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OK and drag EA again
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  • #8,298
  • Edited 10:34am Apr 6, 2012 10:32am | Edited 10:34am
I want to give you a short update of my live trading results:

In the period from Feb 29 to Apr 6 (only looking at the charts occasionally due to my daily job) I gained +1242 pips which equals to an account increase of 82%.

I think this a really nice result for only trading besides my office job and proves that this system really works.
I only used an emergency stoploss of -150 pips that was removed whenever I played recovery (3-4 times, all ended up BE). I mainy traded M15, occasionally M5 and H1.

In short, this system rocks and I have to thank Al for all his efforts and Carl (crodzilla) for his amazing dashboard.

Happy Easter!
Olarion
  • #8,299
  • Apr 6, 2012 10:45am Apr 6, 2012 10:45am
Quoting Olarion1975
I want to give you a short update of my live trading results:

In the period from Feb 29 to Apr 6 (only looking at the charts occasionally due to my daily job) I gained +1242 pips which equals to an account increase of 82%.

I think this a really nice result for only trading besides my office job and proves that this system really works.
I only used an emergency stoploss of -150 pips that was removed whenever I played recovery (3-4 times, all ended up BE). I mainy traded M15, occasionally M5 and H1.

In short, this...
That is Awesome.

That's got to feel good

Have a Happy Easter

Robert
  • #8,300
  • Edited 11:10am Apr 6, 2012 10:47am | Edited 11:10am
Quoting Olarion1975
I want to give you a short update of my live trading results:

In the period from Feb 29 to Apr 6 (only looking at the charts occasionally due to my daily job) I gained +1242 pips which equals to an account increase of 82%.

I think this a really nice result for only trading besides my office job and proves that this system really works.
I only used an emergency stoploss of -150 pips that was removed whenever I played recovery (3-4 times, all ended up BE). I mainy traded M15, occasionally M5 and H1.

In short, this...
You trade many pair or one pair . And trade manual or indicator to Recovery
Do you have use 5 x 5 Buy Sell EA M15

Anyone use EA above for TF H1
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