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Extreme TMA System

  • #9,681
  • Apr 21, 2012 2:20pm Apr 21, 2012 2:20pm
Quoting Surfnomad
No Forex Girl I does not repaint That is exactly why I prefer using it.

Enjoy your Weekend

BTW I love your Avatar/picture Very cool

Robert
Thanks Robert...
If I Change, the whole World changes!
  • #9,682
  • Apr 21, 2012 3:35pm Apr 21, 2012 3:35pm
Quoting Alorente
In my view, the psychology is simple to understand. As price falls, it attracts more and more buyers simply due to the fact that price is "cheaper" than it was a day or two ago. Humans are naturally attracted to "bargains". So itīs not that a growing number of longs makes price falls, it is that as price falls the number of longs increases.
I don't think that people watching prices fall on charts are moving the markets though...
  • #9,683
  • Apr 21, 2012 6:01pm Apr 21, 2012 6:01pm
Quoting harry45
I always use recovery,no stop loss.Levels for recovery approx.-1Levelivot point +
(HI yesterday-LOyest.) but not less than your entry price+ADR .
2Level: First recovery+(HIyest-LOyest).
3Level: Second recovery+(HIyest-LOyest).
This is for Longs,for Shorts Instead of"+" shold be"-".
I use the next formula 1(initial trade)+3 (first recovery)+6 (second recovery).
Hope it helps
Regards
Harry,
Your recovery method is bit different from Al's. Whatever works for you is fine. I think it makes perfect sense to use recovery with TMA system (probably not with trend following systems though). But old habits die hard. I'm having a hard time to adopt it. There are also trade-offs. Too much capital could be tied up to recover the initial relatively small drawdown. In order to use this method we have to trade with small lots. We therefore have to trade large account to make the profit meaningful. Well, I guess we can't have the best of both sides. If we want to take some we have to give up some and it's only fair.
Best Regards
Frank
Wishing my last name were LESS
  • #9,684
  • Apr 21, 2012 6:21pm Apr 21, 2012 6:21pm
Quoting Surfnomad
I use the non repainting TMA.
Hi everybody.
Thanks Alorent for a good system.
I'm new at this forum, don't blame me . Here I see TMA without redraw, but what I see it differs from original TMA. I mean an original TMA doesn't match to no redraw TMA in time. Then I have a question, how do you use no redraw TMA and what for?
  • #9,685
  • Apr 21, 2012 7:18pm Apr 21, 2012 7:18pm
Quoting normtold
I don't know much about anything but I have been following this thread for a few weeks and trading by it's rules.

IMHO what we are doing is looking for a turning point in price, after price has extended and gone outside the TMA upper bands we are now looking to sell after we have other confirmation like TMA value between +.50 and -.5, TMA value falling, fast trix crossing slow trix, HA candle turned/flashed red.
normtold, You're so right. If we want to trade the swing highs and swing lows we have to face the repaint issue. There is no absolute correct way to trade them. We're bound to make mistakes. Recovery method nicely deal with them without loosing pips. It's just old stubborn me who still tries to trade with stop losses. Semafor is one of the experiments to try to enter closer to the last swing high or swing low thus to minimize the SL. Of course it's impossible to pin point the tops and bottoms every time. I'm definitely going to be stopped out. What I'm looking for is the percentage.

Semafor only gives a head up that price is about to turn. Other confirmation is essential. During the experiment I found that semafor helps exits more than entries. If we exit on trix color change only after semafor 3 appears. In most cases we exit with more pips. Actually if we can "perfect" the exits then we also have a good spot to open opposite trade at the same time.

In my experiment I only trade semafor 3's. Semafor 1's and 2's are used to count the HH, LL, LH, HL and the waves. For example recently semafor 3 indicated to long GU from 1.6006, and EU from 1.3107. They both have repainted several times since. Now GU just came out of buy only mode and EU is still in it (M15). If we're able to filter out a few of the repaints then we are in good profit. This may be the area worth to put some effort to. Frank
Wishing my last name were LESS
  • #9,686
  • Apr 21, 2012 9:18pm Apr 21, 2012 9:18pm
Quoting flaw
normtold, You're so right. If we want to trade the swing highs and swing lows we have to face the repaint issue. There is no absolute correct way to trade them. We're bound to make mistakes. Recovery method nicely deal with them without loosing pips. It's just old stubborn me who still tries to trade with stop losses. Semafor is one of the experiments to try to enter closer to the last swing high or swing low thus to minimize the SL. Of course it's impossible to pin point the tops and bottoms every time. I'm definitely going to be stopped...
Hi Flaw,

Do you by any chance have a version of Semafor which does not repaint or which shows previous positions if it does repaint ? Just want to do a thorough back test to see what sort of accuracy % one would have over a time period via this indicator..

P.S. If anybody else has this, appreciate if it can be posted. Many thanks !

P.P.S. Surfnomad - U seem to be having all the non-repainting versions of the indicators ! lol ! Do u have the same for Semafor or one that shows previous positions if it does repaint ? Cheers mate..
  • #9,687
  • Apr 22, 2012 12:52am Apr 22, 2012 12:52am
Quoting mr.chayu
hello, please tell me al, and where you can take the ma crossover histogram?

Thank you, waiting for an answer
беренче биттэ кора,архив та бар!
  • #9,688
  • Apr 22, 2012 2:25am Apr 22, 2012 2:25am
Bit off topic this, has anyone read this book?

The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz

You may wish to read this, it may help to change your life.
Tracking the Specialists.
  • #9,689
  • Apr 22, 2012 2:27am Apr 22, 2012 2:27am
Ever, I just read it, it is life changing. Thank you.

Quoting Ever E. Man
One last post and I'll have to put it to bed. (My candida infection is demanding attention! )

I used to be a hot head. And it was miserable and wrecked my relationships. It's been the journey of a lifetime, but with lots of help from Above, I've changed that behavior.

Something that helped me, a lot, was The Four Agreements by Don Miguel Ruiz, who received them from his Toltec grandmother. I'm paraphrasing a bit but retaining the original meaning, I believe.

1. Never take things personally. (No one can get your goat...
Tracking the Specialists.
  • #9,690
  • Apr 22, 2012 2:33am Apr 22, 2012 2:33am
Quoting mr.chayu
Hello, Please tell me Al, and where you can take the MA crossover Histogram?

Thank you, waiting for an answer
We evolved into the Slope Indicator which is more complete.

Here is the MA Histo if you want it.
Attached File(s)
File Type: mq4 MA_Crossover_Histogram.mq4   4 KB | 737 downloads
Observation is the path to discovery.
  • #9,691
  • Apr 22, 2012 2:38am Apr 22, 2012 2:38am
Quoting flaw
Harry,
Your recovery method is bit different from Al's. Whatever works for you is fine. I think it makes perfect sense to use recovery with TMA system (probably not with trend following systems though). But old habits die hard. I'm having a hard time to adopt it. There are also trade-offs. Too much capital could be tied up to recover the initial relatively small drawdown. In order to use this method we have to trade with small lots. We therefore have to trade large account to make the profit meaningful. Well, I guess we can't have the best...
Frank, can you tell me what percentage of winners you have with Extreme TMA using stops? How do you set your stops? A certain number of pips away? At swing high or low? I want to start trading the system in one of my accounts with stops now and compare the results to the Recovery system. Your help would be appreciated. Thanks.
Observation is the path to discovery.
  • #9,692
  • Apr 22, 2012 2:45am Apr 22, 2012 2:45am
Quoting Nikolay Alex
Hi everybody.
Thanks Alorent for a good system.
I'm new at this forum, don't blame me . Here I see TMA without redraw, but what I see it differs from original TMA. I mean an original TMA doesn't match to no redraw TMA in time. Then I have a question, how do you use no redraw TMA and what for?
The market is a perpetual succession of waves. I believe no indicator portrays the actual movement of the market like TMA does. TMA True doesnīt capture these waves as well. TMA tries to predict the future wave upcoming and it adapts itself once it is created to encompass the mean of price. Take into account that the current price is accurate in TMA and after all, that is the price you trade. The outer bands are critical to the system since they are the reference for Rule 2. Once you master TMA, the repainting issue is not as important because you can begin to get a feel as to how the bands will repaint.
Observation is the path to discovery.
  • #9,693
  • Apr 22, 2012 2:55am Apr 22, 2012 2:55am
Quoting flaw
normtold, You're so right. If we want to trade the swing highs and swing lows we have to face the repaint issue. There is no absolute correct way to trade them. We're bound to make mistakes. Recovery method nicely deal with them without loosing pips. It's just old stubborn me who still tries to trade with stop losses. Semafor is one of the experiments to try to enter closer to the last swing high or swing low thus to minimize the SL. Of course it's impossible to pin point the tops and bottoms every time. I'm definitely going to be stopped...
I am using semaphor now simply because it is one more way to get a heads up of a possible direction change. Still, the biggest and most accurate signal of impending change is when Slope leaves a buy only or sell only and returns to the Ranging area. That, coupled with a Trix or RSI divergence, followed by a Fast Trix or HA change in color, is almost a sure proof way to identify the change in direction.

Most of the time we get into trouble is because we did not follow these steps to the letter. If you do, you will rarely miss. Even me, with the decades of experience, still get too smart sometimes and fall in the trap of early entry. Afterwards, when I analyze what happened, I look at what the system was indicating and I ask myself why in the world did I jump the gun when it was clearly right in front of me?
Observation is the path to discovery.
  • #9,694
  • Apr 22, 2012 2:59am Apr 22, 2012 2:59am
Quoting Connected
Bit off topic this, has anyone read this book?

The Four Agreements: A Practical Guide to Personal Freedom (A Toltec Wisdom Book) by Don Miguel Ruiz

You may wish to read this, it may help to change your life.
It will be my next read...
Observation is the path to discovery.
  • #9,695
  • Apr 22, 2012 3:03am Apr 22, 2012 3:03am

Quoting Alorente
It will be my next read...
Tracking the Specialists.
  • #9,696
  • Apr 22, 2012 3:50am Apr 22, 2012 3:50am
Last week, Apple share down -2.8%, google share down -4%, it made US Stock drawdown last week,.

Copper/LME/ chart 30day, which is important industry material, also downside.

Commodity also downside, those market actions impact Forex at the same time in 2012.

Now, look at Gold price@1642 last week, we will see what it will up or downside ?

brs,

SCOTT-ibm
~~~~~~~~~
  • #9,697
  • Apr 22, 2012 4:42am Apr 22, 2012 4:42am
Quoting flaw
During the experiment I found that semafor helps exits more than entries. If we exit on trix color change only after semafor 3 appears. In most cases we exit with more pips.
Frank, if you want more pips, you should pay more attention to MTF TMA. For example, when I enter from M1 I usually try to exit when price reaches the opposite border of M5 TMA and sometimes even the border of M15 TMA.

Of course, in order to do it you have to look at MTF TMA before you enter and evaluate the trade seeing a big picture
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,698
  • Apr 22, 2012 4:55am Apr 22, 2012 4:55am
Quoting Alorente
I am using semaphor now simply because it is one more way to get a heads up of a possible direction change. Still, the biggest and most accurate signal of impending change is when Slope leaves a buy only or sell only and returns to the Ranging area. That, coupled with a Trix or RSI divergence, followed by a Fast Trix or HA change in color, is almost a sure proof way to identify the change in direction.

Most of the time we get into trouble is because we did not follow these steps to the letter. If you do, you will rarely miss. Even me, with the...
~~~~~~~~~~~~~~~~~~~
Dear all :

use Semafor, we need to learn how to tune its parameter to fit our ex_TMA swing high/Low ?

now, Semafor => 7,28,102,204

brs,

SCOTT-ibm
~~~~~~~~
  • #9,699
  • Apr 22, 2012 5:08am Apr 22, 2012 5:08am
Quoting Surfnomad
Hey Scott here it is I've modified the colors a bit but it's easy to so you can change them to your liking.

Robert
~~~~~~~~~~~~~~
thank you, Surnomad :

Its my pleasure to have a Pro MQL code master like you,

I send this TMA true V2.1 to our EX_TMA member, to do further studying now, Wait for their further reply soon.

I view Al's opinion about repaint, it look like not important issue, for repaint or not ??


brs,

SCOTT-ibm

~~~~~~~~~~~~~~~~~~~~~~~

attached AL's post #9692:
-------------
~~ 9692

The market is a perpetual succession of waves. I believe no indicator portrays the actual movement of the market like TMA does. TMA True doesnīt capture these waves as well. TMA tries to predict the future wave upcoming and it adapts itself once it is created to encompass the mean of price. Take into account that the current price is accurate in TMA and after all, that is the price you trade. The outer bands are critical to the system since they are the reference for Rule 2. Once you master TMA, the repainting issue is not as important because you can begin to get a feel as to how the bands will repaint.
---------------
  • #9,700
  • Apr 22, 2012 5:14am Apr 22, 2012 5:14am
Quoting mr.chayu
Hello, Please tell me Al, and where you can take the MA crossover Histogram?

Thank you, waiting for an answer
Hi,

MA crossover Histogram , which inside this thread, click attach bottom right upper side of your screen, you will see lots of attach file occure, and then ...


SCOTT-ibm
~~~~~~~~
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