Extreme TMA System | Page 472 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #9,421
  • Apr 19, 2012 6:12am Apr 19, 2012 6:12am
Quoting faxxion
Don't feel bad. I shorted it on the H1 TF late this afternnon after 3 hours of HA signals. Stopped out just above the swing high. Back at it again tomorrow.
Faxxion,
Was that around 1800-2000 GMT? If so, did you check H4 before you decided to go short? If yes, did you see any evidence that the price might turn, other than it was at the top band, such as even 1 up HA candle with at least some bottom wick?

Also, did a lower chart "prove the move" for shorting? That is, did you look at say the M15 to see if it made an appropriate 1-2-3 pattern? Such as up-down-up with a lower top or a down-up-down with a lower low? If you can't turn the tug boat, how can you possibly turn the tanker?

Plus, BIG charts are on the move here. Are you prepared to deal with quite large drawdown or else getting stopped out for substantial pips if the price isn't ready to go your way yet?
To free Gazans of Hamas, use whatever it takes.
  • #9,422
  • Apr 19, 2012 6:12am Apr 19, 2012 6:12am
Quoting grechmar
I do not know if this is possible but it came into my mind, implement a mathematical formula that calculate a change in value in the fast trix, so if trix has decreased in number by a certain percentage(a percentage change which accounts for AB) that would mean its time to exit. Maybe instead of percentage use gradient?

Alternatively, another would be to exit at a divergence in 5mTF fast trix?

Upon further though did you consider this: stop could be when the 5M TF TMA slope returns to ranging. I really think that this could work.
We will be coding the Trend Exit Rule, so you will remain in the trade if Slope value is above 0.50 for long and below -0.50 for short at moment of exit. A stop when returning to ranging conditions would work as opposed to directly closing the order and then entering a reverse order which is what I had in mind.

Example: EA enters long with Slope value of 0.40 and price below band. Upon reaching the upper band, slope value is 0.53. EA will remain in the trade until slope value is below 0.50. At that point the order is closed and if price is above the upper band, a short order is entered.
Observation is the path to discovery.
  • #9,423
  • Apr 19, 2012 6:17am Apr 19, 2012 6:17am
Quoting DrDave
Faxxion,
Was that around 1800-2000 GMT? If so, did you check H4 before you decided to go short? If yes, did you see any evidence that the price might turn, other than it was at the top band, such as even 1 up HA candle with at least some bottom wick?

Also, did a lower chart "prove the move" for shorting? That is, did you look at say the M15 to see if it made an appropriate 1-2-3 pattern? Such as up-down-up with a lower top or a down-up-down with a lower low? If you can't turn the tug boat, how can you possibly turn the tanker?

Plus, BIG charts...
All good points. At some point, we will incorporate MTF rules into the Extreme TMA system. Right now we just use MTF visually, but it will be part of the rules where, for example, in order to enter an M15 trade, certain things will need to happen in M5 in addition to the M15 rules.
Observation is the path to discovery.
  • #9,424
  • Apr 19, 2012 6:19am Apr 19, 2012 6:19am
Quoting effluvium
Hi Al, I'm not a big expert yet in managing Trades efficiently, but in my opinion the most accurate event to exit a trade, remains the TDI indicator . TDI is a very powerful indicator which is mainly discussed in TMS (Trading Made Simple thread) and I guess a lot of your followers know it. Eventhough in its original thread there was no specific rule to exit trades, the TDI could show when green & red lines cross or when there is a hook or bent of green line. Another question remains for the programmers is how to program these signals when these...
I respectfully disagree. TDI is a very good indicator for entries, it also shows "a big picture", but it has a refreshing issue and because of this it can't be used for exits as successfully as for the entries. You can see the hook or cross in the middle of the hour showing the exit, and it can dissapear in 5-10 minutes and the price will continue in your direction.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,425
  • Apr 19, 2012 6:20am Apr 19, 2012 6:20am
Al, I know you dismissed semafor indicator but I found it goes very well with your system. As a matter of fact I think it goes well with any system that trades the turning points. Trading only from signal semafor 3 to 3 could be very profitable.
This indicator repaints but majority of the time semafor 3 would extent to the outside of the TMA bands therefore together with pivot, s/r, fibo or sup/dem helped me to decide the entry, exit points. I think it's probably possible to trade signal to signal.
Don't exit when in strong trend, that is when TMA center band is in color.
Wishing my last name were LESS
  • #9,426
  • Apr 19, 2012 6:24am Apr 19, 2012 6:24am
Quoting flaw
Al, I know you dismissed semafor indicator but I found it goes very well with your system. As a matter of fact I think it goes well with any system that trades the turning points. Trading only from signal semafor 3 to 3 could be very profitable.
This indicator repaints but majority of the time semafor 3 would extent to the outside of the TMA bands therefore together with pivot, s/r, fibo or sup/dem helped me to decide the entry, exit points. I think it's probably possible to trade signal to signal.
Don't exit when in strong trend, that is when...
I will review it. Frank, please email me detailed guidelines of how you use the semaphore as well as the indicator file you use yourself.

Thanks.
Observation is the path to discovery.
  • #9,427
  • Apr 19, 2012 6:31am Apr 19, 2012 6:31am
Quoting Alorente
We will be coding the Trend Exit Rule, so you will remain in the trade if Slope value is above 0.50 for long and below -0.50 for short at moment of exit. A stop when returning to ranging conditions would work as opposed to directly closing the order and then entering a reverse order which is what I had in mind.

Example: EA enters long with Slope value of 0.40 and price below band. Upon reaching the upper band, slope value is 0.53. EA will remain in the trade until slope value is below 0.50. At that point the order is closed and if price is above...
yes, that is similar to what i had in mind. It seems to e that the 5M slope is very
good for signalling the end of a move.
  • #9,428
  • Apr 19, 2012 6:57am Apr 19, 2012 6:57am
Quoting flaw
Al, I know you dismissed semafor indicator but I found it goes very well with your system. As a matter of fact I think it goes well with any system that trades the turning points. Trading only from signal semafor 3 to 3 could be very profitable.
This indicator repaints but majority of the time semafor 3 would extent to the outside of the TMA bands therefore together with pivot, s/r, fibo or sup/dem helped me to decide the entry, exit points. I think it's probably possible to trade signal to signal.
Don't exit when in strong trend, that is...
Try this one with settings 7,28,102,204
Attached File(s)
File Type: mq4 3_Level_ZZ_Semafor3_M.mq4   14 KB | 609 downloads
  • #9,429
  • Apr 19, 2012 7:12am Apr 19, 2012 7:12am
Quoting saussiche
do you enter long when the middle of the faster tma crosses over the outside of the slower one and vice versa?

What are the other indicators on your chart?

What pairs have you tried?
Yes, I watch for the fast tma to cross outside the slower tma. I use the COG to determine how strong the move is. It also gives me an idea of momentum. If price is bouncing in the middle of the COG the market has some momentum, not much. If price is extending to the edges of the COG and beyond the market is volatile but I make quick and fast pips then. If price is barely touching the middle lines of the COG, I leave the market alone.

Attached Image (click to enlarge)
Click to Enlarge Name: XStorm Labeled.jpg Size: 102 KB


I only trade eur/usd and aud/usd because I only trade the 1 min chart so spread is extremely important.

I am an old-fashioned trader so S/R is important to me. I wait for the Break of the tma, failure at S/R or reverse at Supply/Demand, confluence then I wait for my trigger. the TMA and COG are tools that I use that helps me interpret those rules. My strategy has to fit my rules not the other way around.
  • #9,430
  • Apr 19, 2012 7:19am Apr 19, 2012 7:19am
Anyone going Long on EuR/USD now on M15 ? if it hits above 0.51
  • #9,431
  • Apr 19, 2012 7:24am Apr 19, 2012 7:24am
XStorm, Did you just get an entry long on EURUSD according to your rules?
  • #9,432
  • Apr 19, 2012 7:44am Apr 19, 2012 7:44am
Quoting Jemook
XStorm, Did you just get an entry long on EURUSD according to your rules?
Yes, I took that counter trend but only garnished 9 pips from it but then took the resistance down on the continuation of the trend. Still in at this moment.


P.S. Made a mistake. I am in the aud/usd (i get them mixed up all the time)
  • #9,433
  • Apr 19, 2012 8:06am Apr 19, 2012 8:06am
Quoting XStorm
Yes, I took that counter trend but only garnished 9 pips from it but then took the resistance down on the continuation of the trend. Still in at this moment.


P.S. Made a mistake. I am in the aud/usd (i get them mixed up all the time)
I think your faster tma line is essentially the same as the 5x5 MA for getting in. I like to get in on the 1 min chart at a support/resistance and then hold it for a 5 min opposite tma band for excellent r:r
  • #9,434
  • Apr 19, 2012 8:22am Apr 19, 2012 8:22am
what do most people here find to be stronger entries?

Ranging? or (Buy/Sell) ?
  • #9,435
  • Apr 19, 2012 8:39am Apr 19, 2012 8:39am
Quoting XStorm
Yes, I watch for the fast tma to cross outside the slower tma. I use the COG to determine how strong the move is. It also gives me an idea of momentum. If price is bouncing in the middle of the COG the market has some momentum, not much. If price is extending to the edges of the COG and beyond the market is volatile but I make quick and fast pips then. If price is barely touching the middle lines of the COG, I leave the market alone.

Attachment

I only trade eur/usd and aud/usd because I only trade the 1 min chart so spread...
Could you share your template?
Follow me to the Promised Land
  • #9,436
  • Edited 9:43am Apr 19, 2012 8:45am | Edited 9:43am
Quoting Jemook
I think your faster tma line is essentially the same as the 5x5 MA for getting in. I like to get in on the 1 min chart at a support/resistance and then hold it for a 5 min opposite tma band for excellent r:r
That seems to be a logical strategy. I have used regular MAs but I need my indicators to talk to me (told you I am strange already). The TMA tells me when the market is holding at 3oclock (accumulation) and when it shifts to 2 or 4. (I hope you understand the clock analogy). That is important because sometimes market moves hard and then I get my signals to prepare for my trigger. The TMA holds me out of the market until price finishes accumulating and then makes a decision.

Attached Image


P.S. I think the TMA tempers the semafor or semaphors (however you spell it!)
  • #9,437
  • Apr 19, 2012 8:58am Apr 19, 2012 8:58am
Quoting Favorite
I respectfully disagree. TDI is a very good indicator for entries, it also shows "a big picture", but it has a refreshing issue and because of this it can't be used for exits as successfully as for the entries. You can see the hook or cross in the middle of the hour showing the exit, and it can dissapear in 5-10 minutes and the price will continue in your direction.
Hey Mike - I think there is a version of TDI (TDIRT) that does not refresh and also (TMSTDI_Watchdog) gives you the option of refresh or no refresh. Ck it out. You know TDI is basically the RSI with a 13 value and it could possibly be used for exit in conjunction with the market trade line. I am not very technical just very visual. Tom
  • #9,438
  • Apr 19, 2012 8:58am Apr 19, 2012 8:58am
Quoting Alorente
I´m not really trading. I´m in testing mode. Testing indicators, dashboards, different time frames, new ideas... This takes a lot of screen time because as you know, TMA repaints so you can only forward test. I am getting very close to stopping all the testing and starting to trade full time again, with complete focus in trading alone. My returns have suffered greatly with all of this but I´m sure in the end it will have been worth it.
Hi Al. Thank you for your sacrifice and all your hard work. I created my own method for trading, and know just how much time it takes, as you say though very worth it when you get the results you aimed for.

Quoting Alorente
Maybe there is not one single best exit for all markets. This bothers me though, because my next major step with this system is to create an EA and this will require a specific exit method. You can always manage the exit with TP and BE and Trailing stops, but all of those leave a lot of pips on the table. If any of you guys have suggestions for exit for an EA, please, help me. It is the only thing holding the EA up at this point.
Sending you a PM about exits.
  • #9,439
  • Apr 19, 2012 9:12am Apr 19, 2012 9:12am
Quoting xlitang
Could you share your template?
Cant share the current one but this one has everything except the cog and the tma. http://www.forexfactory.com/showthre...82#post5422882

I think that a template should reflect the trader and not the trade. IMHO So garnish what you need but don't change what you do.
  • #9,440
  • Apr 19, 2012 9:54am Apr 19, 2012 9:54am
Quoting tomthepoppop
Hey Mike - I think there is a version of TDI (TDIRT) that does not refresh and also (TMSTDI_Watchdog) gives you the option of refresh or no refresh. Ck it out. You know TDI is basically the RSI with a 13 value and it could possibly be used for exit in conjunction with the market trade line. I am not very technical just very visual. Tom
Thank you, Tom, but for the exits those versions are not better than the original TDI, I'm sure I tried the Watchdog and I think I tried another one too. They don't solve the main problem because the main code is the same, only the visual form is different.
Gentlemen always play by the rules. If they can't, they change the rules.
12 traders viewing now