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Extreme TMA System

  • #9,701
  • Apr 22, 2012 7:24am Apr 22, 2012 7:24am
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
Dear Harry :

what is the period/pip , between your 1-3-6 formula ??

brs,

SCOTT-ibm
  • #9,702
  • Apr 22, 2012 7:41am Apr 22, 2012 7:41am
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...
~~~~~~~~~

Dear flaw :

attached the semafor_3 Chart with EURUSD M15, I use => 7,28,102,204

it look like a little pip different with your EUR Entry point ??

brs,

SCOTT-ibm
Attached Image (click to enlarge)
Click to Enlarge Name: robert_EUR_sufomod-3_0421.JPG Size: 129 KB
  • #9,703
  • Apr 22, 2012 7:47am Apr 22, 2012 7:47am
Quoting Ever E. Man
Good morning, Norm,
I don't have my MT4 setup right now. I had a demo with Oanda all set up and ready to trade. My MT4 was corrupted, however, and after a less-than-helpful session with support, they told me to reinstall.

That was last night. I've had a few other problems with Oanda, so I'm wondering about trying a different broker. I'm retired, so there's no hurry.

At the moment, I don't have an MT4 account, and I feel kind of naked!
Maybe this has been said but I just thought I would point this out to avoid situations like this. MT4 is not like other programs where you must run the install file for each install. You can copy MT4 as much as you want. I don't even use the profiles feature. For every system that I trade or have traded I have a separate MT4 folder. If I do ever get a corrupt install then I just copy one of the old folders. You wouldn't believe how much this can get you organized.
  • #9,704
  • Apr 22, 2012 7:52am Apr 22, 2012 7:52am
Quoting Favorite
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
Do not make laugh people, you trade on м1 and still learn people to trade, ridiculously!!!I trade on м15 Н1 and I do not learn people, I am afraid an error!!!
  • #9,705
  • Apr 22, 2012 7:54am Apr 22, 2012 7:54am
Quoting scott-ibm
Dear Harry :

what is the period/pip , between your 1-3-6 formula ??

brs,

SCOTT-ibm

If we mean FiboPivot we can calculate Pivot point,Resistance and Support levels this way:
Pivot point=(HI yesterday+LO yesterday+Close yesterday)/3.
R1=Pivot point+0.382(HI yest-LO yest);
R2=Pivot point+0.618(HI yest-LO yest);
R3=Pivot point+1.000(HI yest-LO yest);
R4=Pivpt point+1.618(HI yest-LO yest);
R5=Pivot point+2.618(HI yest-LO yest).
To calculate S1,S2,S3,S4,S5 we change"+" after Pivot point to"-".
As you can see first Recovery level is near R3,S3, second level is between R4 and R5(S4 and S5).
Hope it helps,
Regards
  • #9,706
  • Apr 22, 2012 8:15am Apr 22, 2012 8:15am
Quoting Nazif
and I do not learn people, I am afraid an error!!!
Nazif, all I can say: good for you!

I just love ForexFactory, you never know whom you meet!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,707
  • Apr 22, 2012 8:18am Apr 22, 2012 8:18am
make the trend clear first, then buy at low.
Attached Image (click to enlarge)
Click to Enlarge Name: qw.PNG Size: 46 KB
  • #9,708
  • Apr 22, 2012 8:23am Apr 22, 2012 8:23am
LOL

Quoting Favorite
Nazif, all I can say: good for you!

I just love ForexFactory, you never know whom you meet!
Tracking the Specialists.
  • #9,709
  • Edited 9:26am Apr 22, 2012 8:45am | Edited 9:26am
Quoting Favorite
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
Quoting Nazif
Do not make laugh people, you trade on м1 and still learn people to trade, ridiculously!!!I trade on м15 Н1 and I do not learn people, I am afraid an error!!!
Quoting Alorente
Yes I have been using the the 4 rules from post 1 for the entry on the 1 minute chart but use the 5M 15M and 1H TFs with the same chart set up to determine the trend. So for example when PA is above the upper band of the 1H, 15M and 5M I wait for the 4 rules to be met on the 1M and enter the trade with virtually no draw down. As the trade develops I either use the 1M opposite band for an exit or if it blows thru that I will then graduate to the 5M or 15M TF to manage the trade and exit at either of those opposite bands depending on PA.
Hmm... I'm wondering, who is right: Al or Nazif? Of course, Nazif must be very clever: he trades H1 and he doesn't even learn people! He even knows the word "ridiculously"! (Although I think it is the Google translator knows this word, not Nazif). But somehow I feel that Al is right!

By the way Al said many times that you should start trading with H1, then trade M15 and then, maybe after several years, you will be ready to trade M1. Al is right as usual: I moved to M1 six months ago after three and a half years of trading.

P.S. Nazif, about this "make laugh people": when I read your "English" I don't even know, should I laugh or should I cry? I suspect other participants laugh...
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,710
  • Apr 22, 2012 8:51am Apr 22, 2012 8:51am
Quoting darshanag
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..
Darshanag, I don't have non-repaint semafor indi and I haven't heard of such one. The original Extreme Spike indi Al provided does almost the same thing as semafor. You can use that to backtest, or even better to use simulator to backtest. Frank
Attached File(s)
File Type: mq4 Extreme_Spike.mq4   11 KB | 608 downloads
Wishing my last name were LESS
  • #9,711
  • Apr 22, 2012 8:55am Apr 22, 2012 8:55am
Quoting flaw
Darshanag, I don't have non-repaint semafor indi and I haven't heard of such one. The original Extreme Spike indi Al provided does almost the same thing as semafor. You can use that to backtest, or even better to use simulator to backtest. Frank
Thanks Flaw...
  • #9,712
  • Apr 22, 2012 9:08am Apr 22, 2012 9:08am
Quoting darshanag
Thanks Flaw...
Try with ExtDepth-7,28,102,204
Regards
Attached File(s)
File Type: mq4 ZigZagHistory.mq4   7 KB | 454 downloads
  • #9,713
  • Apr 22, 2012 9:13am Apr 22, 2012 9:13am
Hi.
My mother language is not English.
It is very hard to read the thread from the page #1.
Currently I am reading page #200 since 10 days ago.

But as I read this thread, I think I must read this thread entirely to the end.

Al, I'm very very appreciate for your keen contribution for this thread.
Thx.
  • #9,714
  • Apr 22, 2012 9:55am Apr 22, 2012 9:55am
Quoting Alorente
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.
Al, First I like to thank you for also looking after the interest of those who like to trade with stop loss. You've already provided us a great system with recovery method. This is extra work for you. I want you to know that I really appreciate it.

I've been testing the semafor since last month, so the result is not conclusive. I only tested EU and GU in M15 charts. So far the hit rate is a little over 60%. But I think it greatly depend on the individual trader. It's definitely not advisable to trade every semafor 3 because it repaints, and I don't think there is any indicator that is capable of filtering out all the repaints, so discretion is important. The more experienced trader like you will have higher success rate.

Basically I use trix, THV4 Pivot, sup/dem, divergence, trendline for filters. The entry is usually 1-3 bars after the final semafor 3. I only trade at candle close. SL is placed above/below the last high/low. Majority of the time it's under 30 pips including spread. Sometimes when situation is not very clear I'd put SL behind the next level s/r, it could be more than 50 pips. The r/r ratio thus is not very desirable because the average swing in M15 is around 40 pips.

On exits, I'd first wait for opposite semafor 3 to appear, then close the trade when the filters show signal. Sometimes it's also feasible to enter an opposite trade at the same time.

I hope I have explained myself. Frank
Wishing my last name were LESS
  • #9,715
  • Apr 22, 2012 9:58am Apr 22, 2012 9:58am
Quoting aren
make the trend clear first, then buy at low.
aren, is Blue above Orange on your indicator signalling long only?
If so the first red circle on your chart Orange was above Blue.
  • #9,716
  • Apr 22, 2012 10:07am Apr 22, 2012 10:07am
Quoting darshanag
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..

I do not use these indis but it is my understanding that they either don't repaint or when they do they at least they show previous positions before the repaint there are 2 that I am posting 1 is MTF. Please if they are helpful let me know how you use them so I can benefit from using them too.

Thanks

Robert
Attached File(s)
File Type: mq4 3_Level_ZZ_Semafor.mq4   8 KB | 515 downloads
File Type: mq4 3_Level_ZZ_Semafor_MTF.mq4   8 KB | 611 downloads
  • #9,717
  • Apr 22, 2012 10:08am Apr 22, 2012 10:08am
Quoting Favorite
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
Mike, Actually my purpose is not to make more pips. If I can make 20-50 pips a day trading one pair at a time, I'm in heaven. My main purpose is try to use my limited knowledge to find a way to trade Extreme TMA with stop loss. I was too concentrate on my tests. I may overlooked other important issues. Thank you very much for your help. I will definitely use your tips starting tomorrow. Frank
Wishing my last name were LESS
  • #9,718
  • Apr 22, 2012 10:09am Apr 22, 2012 10:09am
Quoting Connected
LOL
Connected, thank you! Yes, it was really funny! I think Nazif is one of the guys I banned from my Russian thread!

P.S. Sorry for the off-top, but after all it's Sunday, we can relax!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,719
  • Apr 22, 2012 10:11am Apr 22, 2012 10:11am
Quoting flaw
Thank you very much for your help. I will definitely use your tips starting tomorrow. Frank
Frank, you're welcome! I'm always glad to help!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #9,720
  • Apr 22, 2012 10:23am Apr 22, 2012 10:23am
Quoting scott-ibm
~~~~~~~~~

Dear flaw :

attached the semafor_3 Chart with EURUSD M15, I use => 7,28,102,204

it look like a little pip different with your EUR Entry point ??

brs,

SCOTT-ibm
Scott, I believe you also got this version of semafor 3 from Harry at the same time as me couple of days ago. I therefore haven't tested it yet. I use 3 zz semafor which is pretty common indi. The setting is the default 5,12,35. The difference in price could also because we have different brokers. Frank
Wishing my last name were LESS
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