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Extreme TMA System

  • #11,241
  • May 31, 2012 8:31am May 31, 2012 8:31am
Quoting KumoDragon
Yep, live. If I were you I would latch on to AL's 15M method with both hands. IMO, you've stumbled across an excellent edge.
Hi KumoD,
A couple of questions please.
1) When trading 15min chart do you take into consideration where the 15min TMASlope is ; say above or below zero line?
2)How do you time the entry? The PA could go pass the Extreme TMA line for a fair way before coming back.
Thanks,
4xxxx
  • #11,242
  • May 31, 2012 8:57am May 31, 2012 8:57am
Quoting KumoDragon
Gu trade going nicely up +85 with +44 locked.

Al's method produces another near perfect entry. My entry was just 14 pips from the drop on GU today.

Update on GU, Locking in +100 at +115. Probably at a point where it's going to retrace now.
To be clear, you are not entering on any longs on this pair considering it has been on a downtrend for quite a bit and therefore not entering the -.25->0.25 range.
Secondly, at some point there will be a reversal or a major correction, i.e. you will be found short while the market s undergoing a reversal from bearish to bullish. When and how will you decide that your trade is invalid and close it?

Assuming you are using recovery.

P.S. When Al said 70% of the time its ranging I think he did not mean intraday, more like in a year. Right now we re in that 30%.Just a few questions from someone who is held aback by such strong trending markets.
Also if i may, what is your equity and lots per trade and max no. of open trades?
  • #11,243
  • May 31, 2012 9:17am May 31, 2012 9:17am
Hello all here

So far very good with Al strategy, trading it only 5m/1m but with 5m,15m bands inside. I need help to modify one of my ind to be converted as MTF, it draws vert line in the chart, so my idea is to see in the same tf chart the vert line for current tf and the upper tf. If somebody can do that pm me, at the end i will share it here too.

Thanks

Jose
  • #11,244
  • May 31, 2012 9:25am May 31, 2012 9:25am
Quoting Alorente
4- When trading charts with time frames of H1 or less, the H4 channel must be ranging (-0.25 to 0.25) or rising for a long trade and ranging (-025 to 0.25) or falling for a short trade. On H4 TF, the same conditions mentioned must apply to the Daily channel.
Hey!

I'm starting to test your system and here's something I really do not understand: I see, the H4 channel value in the TMASlope Window has to be between -0.25 and 0.25. But with rising/falling you mean still the value? or do you mean to be over/under 0? If you mean the change in the value of the H4 channel in the TMASlope window, how do you determine if it's falling or rising?

Thanks!
  • #11,245
  • May 31, 2012 9:40am May 31, 2012 9:40am
Quoting 4xxxx
Hi KumoD,
A couple of questions please.
1) When trading 15min chart do you take into consideration where the 15min TMASlope is ; say above or below zero line?
2)How do you time the entry? The PA could go pass the Extreme TMA line for a fair way before coming back.
Thanks,
4xxxx
Read post 1 it tells you how to time the entry. Wait for a opposite color HK candle to start and or fast trix to change.

I'm not sure I understand your first question. Trades are taken AFTER price has spiked outside to either side of the bands.
  • #11,246
  • May 31, 2012 9:50am May 31, 2012 9:50am
Quoting grechmar
To be clear, you are not entering on any longs on this pair considering it has been on a downtrend for quite a bit and therefore not entering the -.25->0.25 range.
Secondly, at some point there will be a reversal or a major correction, i.e. you will be found short while the market s undergoing a reversal from bearish to bullish. When and how will you decide that your trade is invalid and close it?

Assuming you are using recovery.

P.S. When Al said 70% of the time its ranging I think he did not mean intraday, more like in a year. Right now we...
I think you may misunderstand the rules or maybe I mistunderstand what you typed, but: "To be clear, you are not entering on any longs on this pair considering it has been on a downtrend for quite a bit and therefore not entering the -.25->0.25 range."

-25-+25 H4/ 15M = longs and shorts. (sorry edit) If 4H is greater than/less than ranging numbers, then 15M trades only in that direction.

So, for instance look at GU right now. 4H number is -.58 On 15M you would look for a long spike above the TMA to go short. BUT, if there is a spike below the TMA, like there is now, you would NOT take the long...just based on the numbers.

I lock in profit as I go. So I am already out of GU with +100 pips. I'm not trend trading with this I'm day trading. So, I'm not holding on to positions, hoping they make it through bigger waves. I'm just doing 15M entries as per the rules.

P.S. fuck me for locking in hundred, coulda had +200 on GU if I would have stayed in. But, you never know, thats the way it goes.
  • #11,247
  • May 31, 2012 10:18am May 31, 2012 10:18am
Quoting KumoDragon
I think you may misunderstand the rules or maybe I mistunderstand what you typed, but: "To be clear, you are not entering on any longs on this pair considering it has been on a downtrend for quite a bit and therefore not entering the -.25->0.25 range."

-25-+25 H4/ 15M = longs and shorts. (sorry edit) If 4H is greater than/less than ranging numbers, then 15M trades only in that direction.

So, for instance look at GU right now. 4H number is -.58 On 15M you would look for a long spike above the TMA to go short. BUT, if there is a spike below...
Hello KumoDragon

Thanks for that explanation, very good. Btw, i took that trade in 1m looking at the bands 15m and at the same time TMA slope H1, and H4
  • #11,248
  • May 31, 2012 12:11pm May 31, 2012 12:11pm
Took 15M longs on NZd/USD & AUD/USD sometime this morning. Took, them because they met the ranging criteria, that is both long and short trades viable.

Out with +42 pips between the two of them. That's 11 wins no losses and +406 pips so far in around two weeks of trading AL's method.

Could have been more pips on those trades, but I jumped the gun and got an itchy trigger finger, trying to hit a 10 trade win streak.

I got in on a spike under the TMA lower band before the trix or a color change, thinking I would be extra tricky and get the absolute best entry.

Then both went against me to about -20 or so, before bouncing off of round numbers and previous support.

Moral of the story, wait for a candle or a trix change, don't anticipate the spike. I think with some more experience with this method, I'll do even better.

I'd post a pic, but all the relevant lines have moved already from my starting position.

P.S. now considering shorts on those pairs as still in ranging mode and price is now above TMA top band... I'll wait for a candle or the trix this time
  • #11,249
  • May 31, 2012 12:34pm May 31, 2012 12:34pm
Quoting bassramy
Guys,
This is an MT5 Template, MTF stochastics with the settings that you see on the chart + MTF Super Trend.

Best Regards.

Hi.


I can't find this two indicators on my MT5, although I'm quite sure I've seen the MTF stohastics somewhere...

Would you be so kind and post them here or sent them to me on PM??


BR
  • #11,250
  • May 31, 2012 12:45pm May 31, 2012 12:45pm
Quoting ncc74656
Is anybody using this on lower time frames? Like M1 or M5?
Click the attachment on top right and find AL's magic template.

It is meant for short timeframe
Lets make some green pips
  • #11,251
  • May 31, 2012 12:51pm May 31, 2012 12:51pm
Hi I think this is the indicator that I hope I've helped're a Greeting
Attached File(s)
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 502 downloads
  • #11,252
  • May 31, 2012 1:01pm May 31, 2012 1:01pm
Quoting KumoDragon
I got in on a spike under the TMA lower band before the trix or a color change, thinking I would be extra tricky and get the absolute best entry.

Then both went against me to about -20 or so, before bouncing off of round numbers and previous support.

Moral of the story, wait for a candle or a trix change, don't anticipate the spike.
If you follow traditional candlestick patterns and compare them with the HA candle color change on CLOSED candles, you'll find that the HA color change will confirm the setup of traditional candlestick patterns. In other words, you don't need to learn to interpret traditional candlestick paterns; just put on HA candles and look for the color change of closed candles.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #11,253
  • May 31, 2012 1:11pm May 31, 2012 1:11pm
Quoting Xabier
Hi I think this is the indicator that I hope I've helped're a Greeting
Works, thanks.

BR
  • #11,254
  • May 31, 2012 1:51pm May 31, 2012 1:51pm
Quoting DrDave
If you follow traditional candlestick patterns and compare them with the HA candle color change on CLOSED candles, you'll find that the HA color change will confirm the setup of traditional candlestick patterns. In other words, you don't need to learn to interpret traditional candlestick paterns; just put on HA candles and look for the color change of closed candles.

DrDave
Ya, I was trying to get all cute and get in on the tail of a bottom spike. Trade still worked out, just not as good as it could have had I just stuck to the rules.
  • #11,255
  • May 31, 2012 2:04pm May 31, 2012 2:04pm
Al - I am a fan of the "Lorente Magic Chart" and am using it with success - BUT - recently I found that the 12 smoothed MA is based on "Close" and not on "First Indicator Data" as it previously was. Do you know what has caused this and if so how do I correct it - Also will it make any difference?
Thanks - Tom
  • #11,256
  • May 31, 2012 6:19pm May 31, 2012 6:19pm
Quoting GoingForGold
Hey!

I'm starting to test your system and here's something I really do not understand: I see, the H4 channel value in the TMASlope Window has to be between -0.25 and 0.25. But with rising/falling you mean still the value? or do you mean to be over/under 0? If you mean the change in the value of the H4 channel in the TMASlope window, how do you determine if it's falling or rising?

Thanks!
If I am not mistaken, I guess what Al means can be summarized as follows:

For Long: H4 should be EITHER between -0.25 and +0.25 (ranging), OR rising in value, which can be visualized from the TMA slope bar chart by drawing a slope/gradient line.

For Short: either -0.25< H4< +0.25 (ranging), or decreasing gradient...

So in my interpretation, before going long in M15 (for example) H4 should be either ranging, or green in color. Obviously other conditions in M15 must be met, too.

I may be wrong, so any comment is welcome. Thanks!

Al may be willing to give some comments whether my interpretation of his wording is correct...
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  • #11,257
  • May 31, 2012 6:33pm May 31, 2012 6:33pm
Quoting PeepCzar
If I am not mistaken, I guess what Al means can be summarized as follows:

For Long: H4 should be EITHER between -0.25 and +0.25 (ranging), OR rising in value, which can be visualized from the TMA slope bar chart by drawing a slope/gradient line.

For Short: either -0.25< H4< +0.25 (ranging), or decreasing gradient...

So in my interpretation, before going long in M15 (for example) H4 should be either ranging, or green in color. Obviously other conditions in M15 must be met, too.

I may be wrong, so any comment is welcome. Thanks!

Al may...
No, I don't think thats quite it. If I'm not mistaken the gradient is just a visual representation of the slope numbers rising or falling. The slope and the numbers besides them are the the same indicator. So, for short H4 numbers should be negative or ranging. For instance right now the H4 number for AU 4H is -0.15 and 15M is -.07. So, if you see a short set up the numbers are lined up for a short.


At least that's the way I've been doing it. The numbers actually make a better judge than the gradient colored slope IMO. More concrete.

I believe when he says, "rising/falling," I think that has more to do with the actual numbers, rather than the incline of the visual slope. I could be wrong though it could be both. But, I pay more attention to the numbers themselves.
  • #11,258
  • May 31, 2012 6:59pm May 31, 2012 6:59pm
KumaDragon: I do and I am trying this method now everyday on a demo until it becomes second nature. I only got a couple of hours at night though so many times the trades have past or are still forming... I am a paid slave so far.....

IT'd be great if you can post your trades snapshots from time to time. I am taking snapshots of every single entry and exit, and they worst trades made a dent in my demo account but they problem was that I did not do recovery since I was sleeping at that time, thats why i am trying the EA for recovery now

BTW I wanted to say thanks 10000000!! to beto21_cwb for that EA, and all the contributors here.
  • #11,259
  • May 31, 2012 7:04pm May 31, 2012 7:04pm
Quoting tomthepoppop
Al - I am a fan of the "Lorente Magic Chart" and am using it with success - BUT - recently I found that the 12 smoothed MA is based on "Close" and not on "First Indicator Data" as it previously was. Do you know what has caused this and if so how do I correct it - Also will it make any difference?
Thanks - Tom


If the first time you click on the 12 Smoothed MA, you only see the following choices : "Close, Open, High, Low, Median Price, Typical price, Weighted close", then click "OK" on the dialog window to apply the mooving average to the chart. Then, re-open the same dialog window with the MA settings and you will see 2 new choices appear "First indicator data" and "Previous indicator data".

When you right click on a chart ans select "Indicators list", you need to make sure the first indicator on the list is "Extreme TMALine" corresponding to the current time frame. Next when you click on the "Moving average" on the list, the 12 smoothed MA must be based on the First Indicator Data, meaning the first indicator on the list of indicators. If the first indicator in your list is not the Extreme TMALine, the 12 MA will apply to the last 12 closed candles. By chosing "first indicator data", you are basically displaying the 12 smoothed MA of the last 12 periods of the center line of the TMA. It means is it the 12 smoothed moving average of the Triangular moving average (TMA). You are basically averaging an average, not the price itself.
  • #11,260
  • Edited 8:03pm May 31, 2012 7:10pm | Edited 8:03pm
Quoting thewriter30
KumaDragon: I do and I am trying this method now everyday on a demo until it becomes second nature. I only got a couple of hours at night though so many times the trades have past or are still forming... I am a paid slave so far.....

IT'd be great if you can post your trades snapshots from time to time. I am taking snapshots of every single entry and exit, and they worst trades made a dent in my demo account but they problem was that I did not do recovery since I was sleeping at that time, thats why i am trying the EA for recovery now

BTW I...
If you are doing the 15M method you only need to check for an entry at the close of every 15M candle. So, you dont have to be glued to the screen. Even at night if it's only two hours thats 8 bars you can watch over whatever pairs you are watching.

I don't use AL's recovery method, nor do I intend to. Up 12 + trades postive and one of those was +100 pips, I saw several others that if I had more experience with the method I could have had multiple 100+ winners. So, IMO, there is no need for a recovery method or EA, the winners will most likely take care of the -100 pip losers and then some.

I'll post snaps when I can. Part of the problem is, if I dont do it right at the trade the TMA lines walk around and change from entry. Also, I don't want to post trade right at entry and have people jumping in the trade just because I'm in it, and then get made if it goes bad on them. Keep in mind I'm new to AL's method too, even though I've traded in general for quite some time.

Here is my last trade of the day. A short on AU. I hit it from both side today long and short. It's my 12th straight win. I've already got BE +3 locked. I'm going to see if this one rides a bit.

P.S. Update on AU Short. LOL.... +43 locked up +72. Last trade of the day I took as a lark ended up being the best one of the day.
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