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Extreme TMA System

  • #10,581
  • May 11, 2012 11:34am May 11, 2012 11:34am
Hi Al,

I try to load this template but is only see the red 12 SMA.
Do you use the TMA from the package ?
In the TMA info i see the ATR for 1H and 4H om 3.0 and for the rest 2.0 ?

Can you make it bit more clear ?

Thx
  • #10,582
  • May 11, 2012 11:55am May 11, 2012 11:55am
Quoting Alorente
Here is a neat template I have created and been experimenting with. It is ideal for trending markets and it wonŽt hurt you too much on Ranging ones because you get very few crossing signals....
Thanks, Al! Much appreciated!
The mind thinks, the heart knows...
  • #10,583
  • May 11, 2012 12:15pm May 11, 2012 12:15pm
Quoting Alorente
Here is a neat template I have created and been experimenting with. It is ideal for trending markets and it wonŽt hurt you too much on Ranging ones because you get very few crossing signals. The aqua line is a TMA center line with the bands made invisible (Black). The Red line is a really neat MA IŽve come up with. It is a 12 Period MA of the TMA data itself.

You can trade it as always in, Buy when Aqua line crosses above Red line and Sell when Aqua line crosses below Red line.

I traded it in one of my live accounts and did quite well. Lost...
Alorente, thanks for the template.

Can you tell me how you define when a pair has moved from ranging to trending and vice versa?

I know different people have different ways of defining this.
Also lower time frames can be trending inside higher timeframes.
  • #10,584
  • May 11, 2012 12:24pm May 11, 2012 12:24pm
Quoting Tuauxp
Hi Al,

I try to load this template but is only see the red 12 SMA.
Do you use the TMA from the package ?
In the TMA info i see the ATR for 1H and 4H om 3.0 and for the rest 2.0 ?

Can you make it bit more clear ?

Thx
I donŽt know why it doesnŽt work. If you have the Extreme TMALine indi in the folder, it should work ok. Below are the indis needed for the template.
Attached File(s)
File Type: mq4 ! $ 2012 SEMA4X - White Only.mq4   9 KB | 935 downloads
File Type: ex4 Magnified_Market_Price.ex4   3 KB | 765 downloads
File Type: mq4 60_and_200_bars_back.mq4   1 KB | 881 downloads
File Type: mq4 ExtremeTMAInfo.mq4   21 KB | 867 downloads
File Type: mq4 TmaSlope.v1.5 Normalized.mq4   13 KB | 1,037 downloads
File Type: mq4 ExtremeTmaLine.mq4   7 KB | 1,088 downloads
Observation is the path to discovery.
  • #10,585
  • May 11, 2012 12:25pm May 11, 2012 12:25pm
Quoting ill_be_back
seller9 has created a very good EA in his thread Extreme Tool Box, i think will work with this
IŽll check out his thread.
Observation is the path to discovery.
  • #10,586
  • May 11, 2012 3:38pm May 11, 2012 3:38pm
Quoting Alorente
I donŽt know why it doesnŽt work. If you have the Extreme TMALine indi in the folder, it should work ok. Below are the indis needed for the template.

Thanks Al for the new template, it looks ok on my mt4.

Do you use it on the 1hr or 15m?

Thanks and good night, Puma
  • #10,587
  • May 11, 2012 11:35pm May 11, 2012 11:35pm
Quoting normtold
Alorente, thanks for the template.

Can you tell me how you define when a pair has moved from ranging to trending and vice versa?

I know different people have different ways of defining this.
Also lower time frames can be trending inside higher time frames.
That is what we created our Slope indy for. It tells you when a pair is ranging and when it is trending. If you look at the Slope value on the template I sent, you will see it pretty much coincides with the TMA Aqua line, So if you wait for Slope to confirm the cross of TMA and MA, you can filter out the Ranging periods. For exit, the same thing. As the Aqua line begins to level off, you know the trend is ending and a Range will begin. The difficulty is in determining the length of the Ranging period. Just wait for the cross and then wait for Slope to move above or below the range (-0.25 to 0.25) and you can reenter.
Observation is the path to discovery.
  • #10,588
  • May 11, 2012 11:38pm May 11, 2012 11:38pm
Quoting puma
Thanks Al for the new template, it looks ok on my mt4.

Do you use it on the 1hr or 15m?

Thanks and good night, Puma
IŽve tried it on 1 minute, all the way up to H4 and it works in all TF. I can tell it works on Daily also. Just try to filter out ranging periods as I explained in my previous post.
Observation is the path to discovery.
  • #10,589
  • May 12, 2012 12:19am May 12, 2012 12:19am
Quoting Ever E. Man
Would those experts you're talking about be the ones at JP Morgan that just lost a couple of billion in a hedging scheme (probably thought up by an "expert"! )

Or the ones at John Paulson's multi-billion dollar hedge fund? He had a 50+% drawdown last year when he, or one of his experts, bet the market was going to collapse?

Well, it can't be the experts at MF Global, Madoff's Hedge Fund, Revco, or Enron, 'cause their experts have already done them in.

Experts talk the talk, but traders walk the walk.

I...
This is exactly what i was talking about, i agree 100 % with you even more, thank you for your comments.
Master Your Setup, Master Your self. (NQoos)
  • #10,590
  • May 12, 2012 12:51am May 12, 2012 12:51am
Daily read,

Fundementals :

http://online.wsj.com/public/page/ne...s-trading.html
http://www.ft.com/intl/markets/currencies
http://www.bloomberg.com/news/currencies/
http://www.forexfactory.com/news.php

Resilience of euro frustrates forex traders > http://www.ft.com/intl/cms/s/0/64955...#axzz1uYfqLpuf
They are talking about us, Euro Traders.(Read the attachment)

Greece exit is a big concern in the markets right now and JP Morgan losses is the most talked about.

Trading Wisdom:
"Discipline means designing, testing, and following your trading system. -- Dr. Alexander Elder"

Have a good weekend.
Attached File(s)
File Type: pdf Resilience of euro frustrates forex trade - FT.pdf   165 KB | 621 downloads
Master Your Setup, Master Your self. (NQoos)
  • #10,591
  • May 12, 2012 1:50am May 12, 2012 1:50am
Hola apreciado AL referente a esta nueva plantilla la tengo que visionar en real pero me gustaria ya que tu la has probado .?no se llegaria a cruzar mucho la ema 12 con la tma dando muchas entradas falsas ? o para asegurar operacion

habria que mostrarse una divergencia de rsi o trix .gracias y un saludo
xabi
  • #10,592
  • May 12, 2012 6:31am May 12, 2012 6:31am
Quoting Alorente
IŽll check out his thread.
Sorry the thread is Experts Tool Box not Extreme Tool Box
thanks
A good trader follows his rules, but great trader knows when to break them
  • #10,593
  • May 12, 2012 11:32am May 12, 2012 11:32am
Quoting Alorente
That is what we created our Slope indy for. It tells you when a pair is ranging and when it is trending. If you look at the Slope value on the template I sent, you will see it pretty much coincides with the TMA Aqua line, So if you wait for Slope to confirm the cross of TMA and MA, you can filter out the Ranging periods. For exit, the same thing. As the Aqua line begins to level off, you know the trend is ending and a Range will begin. The difficulty is in determining the length of the Ranging period. Just wait for the cross and then wait for Slope...
Thank-you for the detailed explanation.
  • #10,594
  • May 12, 2012 11:55am May 12, 2012 11:55am
Hi Al. I thought you and others might find this weekly EUR / AUD chart interesting. As you know I am currently a little underwater on this one, so with a little time now I went a little deeper into the chart than my original reasons for entering short.

I stuck quite a few details on the chart, you might have to zoom in to see them all including targets, fibs, wave relations, classic TA etc.

All highly speculative of course. Note if the horizontal black line is breached one of the Alternate counts (not shown) will have been the correct one. (Really if it gets over the heavy resistance hump we have to wonder about it)

TMA-wise, we have Weekly saying my count might be wrong. Daily, H4 and H1 are all over-extended and like my count a good bit

Hope you enjoyed this justification for letting price go past my SL...
Attached Image (click to enlarge)
Click to Enlarge Name: untitledp.GIF Size: 21 KB
  • #10,595
  • May 12, 2012 4:36pm May 12, 2012 4:36pm
Quoting stuffing99
I have used it on cable with success - demo only!

Jim
Thanks for testing and letting us know, Jim ! =)
  • #10,596
  • May 12, 2012 4:41pm May 12, 2012 4:41pm
Quoting Riddermark
Beto,

Thanks for your work and Al's on this. I read the manual but just to be sure;

1. It goes down three levels - 2nd, 3rd, 4th ?

2. Is there a way to get it to not begin or halt any additional levels of Recovery by checking Margin and if it is below a certain Margin percent level then don't take the trade?

Thanks for your help.

Best regards.

1 - Correct, once you have 1 order opened manually (which is considered the 1st level in the Recovery system), the EA will handle the 2nd, 3rd and 4th level.

2 - Yes, the EA already checks if there is free margin available prior to opening 2nd, 3rd and 4th level. An alert will be displayed, and it will not open more trades.
  • #10,597
  • May 12, 2012 4:46pm May 12, 2012 4:46pm
Quoting Olarion1975
Thanks for the explanation, beto.

But what happens if I opended my initial trade AND open my recovery trade manually (not by the EA). Would the EA in this case handle the break-even output also?
Unfortunatelly they will not be handled, as the EA is Magic Number dependent. As your 2nd level was opened manually (not by the EA), it will not have a magic number set by the EA, therefore, it will not be possible for it to identify/recognize your trades as being opened by the EA.

Wow, I'm confused with my own writing here, haha. Is it clear ?
  • #10,598
  • May 12, 2012 9:13pm May 12, 2012 9:13pm
Quoting beto21_cwb
1 - Correct, once you have 1 order opened manually (which is considered the 1st level in the Recovery system), the EA will handle the 2nd, 3rd and 4th level.

2 - Yes, the EA already checks if there is free margin available prior to opening 2nd, 3rd and 4th level. An alert will be displayed, and it will not open more trades.
Beto,

Thanks for your responses. However, I must have not been clear on #2 so I will rephrase;

In MT4 where you see your open trades there is the "Margin level" shown as a percentage.

Is there a way to tell the EA - Don't make a Recovery trade if margin is below 200% or 300 / 800 / 1000% etc ?

Thanks for your help.

Best regards.
  • #10,599
  • May 13, 2012 4:09am May 13, 2012 4:09am
key economic and financial indicators.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: key economic and financial indicators.jpg Size: 155 KB
  • #10,600
  • May 13, 2012 5:04am May 13, 2012 5:04am
Quoting beto21_cwb
Unfortunatelly they will not be handled, as the EA is Magic Number dependent. As your 2nd level was opened manually (not by the EA), it will not have a magic number set by the EA, therefore, it will not be possible for it to identify/recognize your trades as being opened by the EA.

Wow, I'm confused with my own writing here, haha. Is it clear ?
It's clear now, thank you!
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