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Extreme TMA System

  • #9,101
  • Apr 16, 2012 3:19pm Apr 16, 2012 3:19pm
Quoting xlitang
Al,

For these 8 pairs
GBPUSD,EURJPY,AUDUSD,NZDJPY,EURUSD,GBPJPY,NZDUSD;AUDJPY

which pairs are in buy or sell group when you open your basket trades?
All are bought or sold at the same time.
Observation is the path to discovery.
  • #9,102
  • Apr 16, 2012 3:19pm Apr 16, 2012 3:19pm
Quoting faxxion
Hello Oliver,

No, this is not by the rules. Simply a positive or negative slope at the time. That's all.

The only discretion I use is if the pair is beyond the 3.0 ATR bands and looks like a setup in the opposite direction, I avoid the trade.

Pure momentum, nothing else.

William
I have just started writing an EA based on similar properties. Long when 5min hits +25 and other TF's are positive and opposite for shorts. No real strategy yet other than the price can really fly when that bar hits +50 so the idea is to try and catch the trend early and see if I can build something on those principles. Purely experimental obviously, but I think there is a real great trend system in that TMA slope...
  • #9,103
  • Apr 16, 2012 3:26pm Apr 16, 2012 3:26pm
Quoting faxxion
Hello Xlitang,

All I use is the TMA Slope indicator that Alfredo introduced us to. If the M15, H1 and H4 are all positive, I enter long. If they are all negative I enter short. If they are mixed, or as I said setting up for an immediate reversal (per the TMA rules), I avoid the trade.

Usually, out of 24 pairs, I enter on 10 or 12. There have been as many as 18 and as few as 8 trades that qualify.

I trade .01 per thousand in my account. I use a 30 pip SL and a 100 pip TP. So an account of $10,000 with 10 trades open has a maximum...
Way to go William. Very simple and creative. So far, what is your rate of succes in days.
  • #9,104
  • Apr 16, 2012 3:30pm Apr 16, 2012 3:30pm
Quoting los_pipos
I have just started writing an EA based on similar properties. Long when 5min hits +25 and other TF's are positive and opposite for shorts. No real strategy yet other than the price can really fly when that bar hits +50 so the idea is to try and catch the trend early and see if I can build something on those principles. Purely experimental obviously, but I think there is a real great trend system in that TMA slope...
Hello LP,

Interesting. That is breaking it down even further. Let me know how it goes.

William
may you find what you seek and trade what you find
  • #9,105
  • Apr 16, 2012 3:30pm Apr 16, 2012 3:30pm
to everybody who teach in this great thread!
i tried to make an little indicator...
maybe some people like it?
Attached File(s)
File Type: mq4 60_and_200_bars_back.mq4   1 KB | 424 downloads
  • #9,106
  • Apr 16, 2012 3:31pm Apr 16, 2012 3:31pm
Quoting faxxion
Hello Xlitang,

All I use is the TMA Slope indicator that Alfredo introduced us to. If the M15, H1 and H4 are all positive, I enter long. If they are all negative I enter short. If they are mixed, or as I said setting up for an immediate reversal (per the TMA rules), I avoid the trade.

Usually, out of 24 pairs, I enter on 10 or 12. There have been as many as 18 and as few as 8 trades that qualify.

I trade .01 per thousand in my account. I use a 30 pip SL and a 100 pip TP. So an account of $10,000 with 10 trades open has a maximum...
Thanks William.

Can you post your new trades tonight? I want to see whether I can see the same thing you see.
Follow me to the Promised Land
  • #9,107
  • Apr 16, 2012 3:34pm Apr 16, 2012 3:34pm
Quoting xlitang
change last two rows to 999999999.
Changed it. Restarted MT4, set up the GbpUsd chart with the basket indi. Opened the offline chart and it is still not updating. Very frustrating.
Observation is the path to discovery.
  • #9,108
  • Apr 16, 2012 3:35pm Apr 16, 2012 3:35pm
Quoting Alorente
Changed it. Restarted MT4, set up the GbpUsd chart with the basket indi. Opened the offline chart and it is still not updating. Very frustrating.
Did you see any error message in journal??
Follow me to the Promised Land
  • #9,109
  • Apr 16, 2012 3:37pm Apr 16, 2012 3:37pm
Quoting los_pipos
I have just started writing an EA based on similar properties. Long when 5min hits +25 and other TF's are positive and opposite for shorts. No real strategy yet other than the price can really fly when that bar hits +50 so the idea is to try and catch the trend early and see if I can build something on those principles. Purely experimental obviously, but I think there is a real great trend system in that TMA slope...
Which are the other time frames? Thanks.
Observation is the path to discovery.
  • #9,110
  • Apr 16, 2012 3:37pm Apr 16, 2012 3:37pm
Al, still holding short E/U and waiting for the 1.29 ? same analyses ?

thanks,

J.O
  • #9,111
  • Apr 16, 2012 3:39pm Apr 16, 2012 3:39pm
Quoting bcarbon
Way to go William. Very simple and creative. So far, what is your rate of succes in days.
Hello BC,

Since the 26th of last month, I have had 3 losing days. As I said, the worst was a 160 pip loss. Four were stopped out and the rest of the basket had a slight loss. Probably 5 days have been mixed results.

The rest of the time it has been anywhere from a small to a good profit. My wife calls it the Lazy TMA. We both keep telling each other that it cannot be this simple.

It still has a lot of market conditions to go through before I would be ready to call it 'trade worthy', but so far so good.

William
may you find what you seek and trade what you find
  • #9,112
  • Apr 16, 2012 3:39pm Apr 16, 2012 3:39pm
Quoting xlitang
Did you see any error message in journal??
No. Everything loaded successfully. Chart still not updating.
Observation is the path to discovery.
  • #9,113
  • Apr 16, 2012 3:42pm Apr 16, 2012 3:42pm
Quoting faxxion
Hello BC,

Since the 26th of last month, I have had 3 losing days. As I said, the worst was a 160 pip loss. Four were stopped out and the rest of the basket had a slight loss. Probably 5 days have been mixed results.

The rest of the time it has been anywhere from a small to a good profit. My wife calls it the Lazy TMA. We both keep telling each other that it cannot be this simple.

It still has a lot of market conditions to go through before I would be ready to call it 'trade worthy', but so far so good.

William
About how many total pips of profit have you made since the 26th ?
  • #9,114
  • Apr 16, 2012 3:43pm Apr 16, 2012 3:43pm
Alfredo check your pm if you have skype zent me your name i will set you up.

Regards Ingmar.
  • #9,115
  • Apr 16, 2012 3:43pm Apr 16, 2012 3:43pm
Quoting JoaoOliveira
Al, still holding short E/U and waiting for the 1.29 ? same analyses ?

thanks,

J.O
I am still holding all my shorts. I am puzzled by today´s action though. A break of the neckline early on to end the day at the high without any news and with Spain´s bond at over 6%, and no pullback at all after the runup. Very strange...
Observation is the path to discovery.
  • #9,116
  • Apr 16, 2012 3:45pm Apr 16, 2012 3:45pm
Quoting Alorente
I am still holding all my shorts. I am puzzled by today´s action though. A break of the neckline early on to end the day at the high without any news and with Spain´s bond at over 6%, and no pullback at all after the runup. Very strange...
It is the darkest hour before storm??
Follow me to the Promised Land
  • #9,117
  • Apr 16, 2012 3:47pm Apr 16, 2012 3:47pm
Quoting Alorente
No. Everything loaded successfully. Chart still not updating.
Did you download the GBPUSD history and attach indi to GBPUSD chart?

On another note, can this indi used to generate 15minute chart instead of 1H?
Follow me to the Promised Land
  • #9,118
  • Apr 16, 2012 3:47pm Apr 16, 2012 3:47pm
Quoting Alorente
No. Everything loaded successfully. Chart still not updating.
try updateing your mt4 and recompiling the indicator again. Do you get any error when you compile the indicator? post a pic of what you see... try running it all by itself without any other indicator or ea

Q: The off-line chart stops updating after a while. It is freezing.
What can I do?

A:

I've never seen this problem myself, but it seems to hit some users. I believe it has to do
with the chart template. If you notice this error I would be glad to help you to solve it, but
beside of the information that it is freezing I need more details. Particularly the following
information would be useful:


•

the chart template, i.e. what indicators, scripts, and EA's are attached;


•

log files from the experts/logs directory;


•

does the same freezing happens when you run the chart clean?


The best remedy till now for freezing charts seems to be reinstalling the Metatrader.

http://www.google.ca/url?sa=t&rct=j&...Eza37iwqxyeoog
  • #9,119
  • Apr 16, 2012 3:48pm Apr 16, 2012 3:48pm
Quoting Alorente
Which are the other time frames? Thanks.
15min and 1hr depending on wether I'm trying to catch the start of a new trend or jump in after a longer trend pullback. I have some rough sketches which I'll try and scan in the office tomorrow with the basic theory. Will post them when I get a chance.
  • #9,120
  • Apr 16, 2012 3:49pm Apr 16, 2012 3:49pm
Quoting xlitang
Did you download the GBPUSD history and attach indi to GBPUSD chart?

On another note, can this indi used to generate 15minute chart instead of 1H?
What do you mean by download the history? When I open the offline chart is says over 3000 bars of history on GbpUsd. Am I missing something?

I did attack the indi to GbpUsd chart, yes.
Observation is the path to discovery.
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