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Extreme TMA System

  • #10,281
  • May 2, 2012 11:38am May 2, 2012 11:38am
Quoting Alorente
If the ECB had guts, they would cut 50 bps tomorrow, which is precisely what is needed to have some hope of getting some economic activity going, although I feel, even that would be too little too late.

Anyway, it won´t happen because they are controlled by the Bundesbank. The Germans think that Europe is only them. Everyone needs the cut except Germany, so there won´t be a cut.

That's the main problem of europe. Let's wait for the François Holland effect may shake Merkl.
Germany does not take action because it is in their comfort zone.

Let's wait and see.

Regards.
  • #10,282
  • May 2, 2012 11:50am May 2, 2012 11:50am
Quoting Favorite
Does anybody know: is there a TMA modification for Metatrader 5?
Hi Mike,

Did you look here?
http://www.mql5.com/en/code/indicators

This MA envelope may not be based on the TMA, but it looks similar and the code looks like it could be modified: http://www.mql5.com/en/code/819

Here is a technique for converting MQL4 indicators, EA's, or scripts into MQL5. The indicator can't be compiled, of course, but it should convert ExtremeTMALine.mq4, if that's what you're looking for.
http://mt5.blogspot.com/

Hope this helps!
The mind thinks, the heart knows...
  • #10,283
  • May 2, 2012 12:30pm May 2, 2012 12:30pm
Quoting Alorente
Hello everyone. My name is Alfredo. You can call me Al.

At the request of many of you, I am starting today what I hope will become a thriving laboratory of ideas that will make each of us, each day, a little better trader than we were. Firstly, I must say that I have never done something like this and I will rely on the help and contribution of you to make it a success.

The history of a trader, like my own, is a tough road full of failure, despair and loneliness, as well as fulfillment, excitement and triumph. It is a hard road full of obstacles...


You have done a good job, but how do u manage repaints?
  • #10,284
  • May 2, 2012 12:31pm May 2, 2012 12:31pm
Quoting Ever E. Man
Hi Mike,

Did you look here?
http://www.mql5.com/en/code/indicators

This MA envelope may not be based on the TMA, but it looks similar and the code looks like it could be modified: http://www.mql5.com/en/code/819

Here is a technique for converting MQL4 indicators, EA's, or scripts into MQL5. The indicator can't be compiled, of course, but it should convert ExtremeTMALine.mq4, if that's what you're looking for.
http://mt5.blogspot.com/

Hope this helps!
Ever E. Man, that's great!

At my Russian thread I keep getting PMs asking for MQL5 TMA. I already checked the www.mql5.com database, and the MA envelope is not what they want...

But this blog on converting MQL4 indicators into MQL5 is great, that's exactly what we need!

Thank you so very much!
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,285
  • May 2, 2012 2:07pm May 2, 2012 2:07pm
Hello all

Another broker that stop accepting USA client. HOTFOREX
  • #10,286
  • May 2, 2012 5:30pm May 2, 2012 5:30pm
Quoting rumbaut
Hello all

Another broker that stop accepting USA client. HOTFOREX
Yes I am afraid I have to look around again. Hope you are well Jose, may you see nothing but green pips my friend.
  • #10,287
  • May 3, 2012 1:33am May 3, 2012 1:33am
FYI Im in USA and I have been with Oanda for around 1yr and so far they been good to me.
  • #10,288
  • May 3, 2012 2:20am May 3, 2012 2:20am
Prepare for the next EU down move, todays minimum target 1.3085!
  • #10,289
  • May 3, 2012 2:53am May 3, 2012 2:53am
Quoting Berivana
Prepare for the next EU down move, todays minimum target 1.3085!
Who told you that?
  • #10,290
  • May 3, 2012 2:56am May 3, 2012 2:56am
The PA on my chart
  • #10,291
  • May 3, 2012 3:17am May 3, 2012 3:17am
Quoting MMGood47
Yes I am afraid I have to look around again. Hope you are well Jose, may you see nothing but green pips my friend.
Hello Mike

Happy you are here too, so far very good system, thanks again Al and the rest
  • #10,292
  • May 3, 2012 6:12am May 3, 2012 6:12am
I came across to this thread and found the Extreme TMA System quite interesting.

When you look at the 1H and 4H TF the price is below TMAs lines. The THV trix on 4H is turning up however the TMA slope on 1H is still below -50 at the moment. I read the first page and it says to only sell when the TMA slope is -50/buy when +50, however I found this indicator to repaint quite a lot on lower TFs.

I checked back few months that the price went below or above the TMA lines on 4H by maximum of 130 points or so and then returned the other direction and touched the other side of TMA line.

I am more or less bearish on EUR/USD and I have been holding positions from 1.3273, but now when the price touched the 4H I am thinking of either closing half of my positions or setting trailing SL (also the NFP 2morrow!)

Any ideas from you guys who have been using this system for some time?
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  • #10,293
  • Edited 6:38am May 3, 2012 6:25am | Edited 6:38am
Quoting __ivo___
I came across to this thread and found the Extreme TMA System quite interesting.

When you look at the 1H and 4H TF the price is below TMAs lines. The THV trix on 4H is turning up however the TMA slope on 1H is still below -50 at the moment. I read the first page and it says to only sell when the TMA slope is -50/buy when +50, however I found this indicator to repaint quite a lot on lower TFs.

I checked back few months that the price went below or above the TMA lines on 4H by maximum of 130 points or so and then returned the other direction...
In my opinion the signals are not clear enough to go short - even tho my bias is very short. I would wait for stronger signal and stay away from Eur/Usd until after NFP unless you get a strong short signalsuch as a break of support lines. Even with a signal, in the current environment of uncertainty, I would go for small, quick, profits 10 - 15 pips. Just my opinion.
Tom

PS> To give yourself an edge if all of a sudden we have a big selloff you could put in an entry order below the next support area at 1.3095 to catch that potential strong down move - same with a strong up move - put in an entry order above a resistance level. What do some of the rest of you guys and gals think? What are some of your strategies going into NFP and ECB rate season?
  • #10,294
  • May 3, 2012 6:37am May 3, 2012 6:37am
Quoting __ivo___
I came across to this thread and found the Extreme TMA System quite interesting.

When you look at the 1H and 4H TF the price is below TMAs lines. The THV trix on 4H is turning up however the TMA slope on 1H is still below -50 at the moment. I read the first page and it says to only sell when the TMA slope is -50/buy when +50, however I found this indicator to repaint quite a lot on lower TFs.

I checked back few months that the price went below or above the TMA lines on 4H by maximum of 130 points or so and then returned the other direction and...
When Slope is between -050 and 0.50 you can trade both ways (Buy or Sell) Please, read the rules again.
Observation is the path to discovery.
  • #10,295
  • May 3, 2012 6:45am May 3, 2012 6:45am
Quoting __ivo___

I checked back few months that the price went below or above the TMA lines on 4H by maximum of 130 points or so and then returned the other direction and touched the other side of TMA line.
ivo, you do know that TMA repaints, don't you? That means that what you see on the history now is not exactly what you would see in reality then...

Al tested H4 and he was not very happy about his H4 results. As far as I remember in just one week he got 500 pips less than he was supposed to get just because price (unlike H1) didn't go to the opposite TMA H4 border.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #10,296
  • May 3, 2012 6:47am May 3, 2012 6:47am
Quoting Alorente
When Slope is between -050 and 0.50 you can trade both ways (Buy or Sell) Please, read the rules again.
AL - So how would you trade the current setup?
  • #10,297
  • May 3, 2012 6:48am May 3, 2012 6:48am
Quoting Favorite
ivo, you do know that TMA repaints, don't you? That means that what you see on the history now is not exactly what you would see in reality then...

Al tested H4 and he was not very happy about his H4 results. As far as I remember in just one week he got 500 pips less than he was supposed to get just because price (unlike H1) didn't go to the opposite TMA H4 border.
Mike - How would you trade the current setup?
  • #10,298
  • May 3, 2012 6:51am May 3, 2012 6:51am
imbonitore - You are one of the experienced and best of the best traders around. What do you think of the Eur/Usd set up and how would you trade it at the present time?
Tom
  • #10,299
  • May 3, 2012 7:23am May 3, 2012 7:23am
Quoting tomthepoppop
imbonitore - You are one of the experienced and best of the best traders around. What do you think of the Eur/Usd set up and how would you trade it at the present time?
Tom

Today
Entry: 1.3155-1.3160
Entry 2: 1.3180-1.3185
Stop: 1.3195
TP 1: 1.3110-1.3115
TP2: 1.3060-1.3070

2-5 day
Entry : 1.3235-1.3240
Entry 2: 1.3250-1.3260
Entry 3: 1.3280-1.3285
Stop: 1.3290-1.3300
TP 1: 1.3140
TP 2: 1.3040

3-10 day
Entry : 1.3290-1.3300
Entry 2: 1.3315-1.3320
Entry 3: 1.3365-1.3370
Stop: 1.3390-1.3400
TP 1: 1.3090-1.3100
TP 2: 1.2890-1.2900
  • #10,300
  • May 3, 2012 7:27am May 3, 2012 7:27am
Quoting tomthepoppop
Mike - How would you trade the current setup?
Tom, I wouldn't trade the current setup at all, at 8:30 there will be very important news, "Unemployment Claims", for me it is almost as important as Non-Farm, I usually stop trading at least two hours before Unemployment Claims.
Gentlemen always play by the rules. If they can't, they change the rules.
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