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Extreme TMA System

  • #12,221
  • Jul 30, 2012 6:04am Jul 30, 2012 6:04am
Quoting Mini Trader
Al,
You are great. Trust me!
Thank you VERY MUCH....
I hope you were finally able to get the new system going because it is more effective than the old one and FastTMALine indi is much, much better than the Extreme TMA Line indi.
Observation is the path to discovery.
  • #12,222
  • Jul 30, 2012 6:08am Jul 30, 2012 6:08am
Quoting Alorente
All you have to do after you copy the files to the indicator folder is close MT4 and open it again and all .mq4 files will be compiled automatically and the .ex4 files will appear in the Indicators folder right above the .mq4 files.
For some reason (MT4 bug??), this doesn't always happen. Just FYI. That's why I described how to do it manually.

BR
  • #12,223
  • Jul 30, 2012 6:21am Jul 30, 2012 6:21am

The Ramy Report


Fundamentals :

Dollar climbs as traders await policy calls
Euro Declines as Spanish Recession Deepens; Swedish Krona Gains
Japan, Australian Foreign Currency Trading Volumes Decline, Surveys Show
Fed Weighs Cutting Interest on Banks’ Reserves After ECB Move
Euro slips on profit-taking as ECB action awaited
S&P stands by Britain’s triple A rating
Euro-Zone Consumer Confidence Dips to 3-Year Low
Dollar Closes at a Two Month Low as Market Expects Stimulus
Deja Vu in Summer 2012 Spells Trouble for the Dollar
ECB, Fed and BoE hold monthly meetings this week

Technicals :

Forex Trading Weekly Forecast - 07.30.2012
EUR/USD gains bearish momentum
As expected, 1.2378/1.2447 withstood bullish onslaught on Friday and redirected EUR/USD towards an initial support situated at 1.2244/33. The subsequent area is located at 1.2106/1.2088 and guards 1.1926/1.1896, where we are likely to see a strong rebound, given that there is a formidable downtrend support, which has been respected by the market since the start of the year.
GBP/USD bounced off 1.5728/79
Extension of cable’s appreciation was denied by 100 and 200 day SMAs in conjunction with an uptrend resistance at 1.5728/79. This wide but nonetheless dense zone is expected to cap the currency pair for a prolonged period of time, being that most of mid and long-term technical studies suggest resumption of bearish activity and thereby of pair’s focus on supports at 1.5650 and 1.5592/73.
USD/JPY resumes drifting lower
Bullish correction of USD/JPY has been terminated ahead of resistance at 78.80, leading to a possible breach of an interim support level at 78.37 and increased possibility of 78.08/06 being attained in the short-term, since both daily and weekly indicators give sell signals. Additional supports may be found at 77.83 and 77.66/63, but should remain intact for now.
USD/CHF surges from 0.9700/0.9692
USD/CHF has indeed managed to reach 0.9700/0.9692 on July 27 but quickly retreated from a key area and should now commence robust recovery. The currency couple is currently aiming for resistance at 0.9809/16, which will in turn attempt to halt appreciation of the greenback and prevent attainment of higher levels - 0.9906/32 and a long-term target at 1.0042/86.

Daily Calendar : -For Upcoming important economic announcements see the FF calendar.
Important risk events calendar this week.

Daily Investing clichés :

Apparently this guy was a rogue trader = Used when some trader racks up a multi-billion dollar trading loss because some big dumb bank didn’t have proper risk management; “rogue” makes him/her sound like Antonio Banderas.

Daily Trading Wisdom : - Alpesh B. Patel - Honest with Yourself
You have to be very, very honest with yourself. You must not kid yourself. Whether you have a position that is underwater or you are sitting on a huge profit, you have to look at it in exactly the same way. That is the main reason why people lose money in the market. I am very glad that that's the case because if it wasn't the case, it would be very difficult for people like me to consistently make money in the market.

Daily Trading Cartoons : - Greece.

Thanks Guys and Good Luck in your trading.
(Disclaimer : Don't Trust me or follow my lead i know nothing about the Financial Markets.
Attached Image
Master Your Setup, Master Your self. (NQoos)
  • #12,224
  • Edited 8:11am Jul 30, 2012 7:17am | Edited 8:11am
extern double TrendThreshold = 0.5;

1) I found this on the Fast TMA line indi, i thinkg according to the new rules should be 0.4, but could be wrong. For my existing one (the old version I got it in 0.25) but had to change it myself

2) Also a question to Al or anybody out there: is it now recommended to go back to M15?

(as per ". I recommend setting your chart time frame to M15. ") on page one?

I have everything set to work on H1 and took some time..but .... oh well...

3) Entry Rules: Say you want to Short. Say the price is ABOVE all TMAs. What if the price DROPS and crosses M15, but it is still Buy Only? Is it a missed trade? Or do we enter still when it changes to say Ranging? The question if not clear is what if the price crosses or touches any TMA before it becomes ranging (like the AUD right now 11:09 GMT +10)

4) Maybe obvious but we do Not use the Heiken Ashi colour changes anymore? And we do not use the slope change anymore?

cheers / thanks as usual
  • #12,225
  • Jul 30, 2012 7:21am Jul 30, 2012 7:21am
Hi Al

Why i only view H1 H4 D1 TMA on the H1 chart ? I don't have M15 TMA Line , how can i have ? I do the thing what you told us .

Thank for your help.

Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: H1.png Size: 28 KB
  • #12,226
  • Jul 30, 2012 7:44am Jul 30, 2012 7:44am
My Daily Scanner search for your convenience.

Regards,
B.R.
Attached Image (click to enlarge)
Click to Enlarge Name: daily scanner and trade finder.jpg Size: 148 KB
Master Your Setup, Master Your self. (NQoos)
  • #12,227
  • Jul 30, 2012 8:05am Jul 30, 2012 8:05am
Quoting Fishcoo
Hi Al

Why i only view H1 H4 D1 TMA on the H1 chart ? I don't have M15 TMA Line , how can i have ? I do the thing what you told us .

Thank for your help.

Best regards
You cannot view the M15 TMA on the H1 chart (there is no way to plot 4 points per each candle). Switch to M15 (or lower TF) chart and then you can view M15 TMA.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #12,228
  • Jul 30, 2012 8:07am Jul 30, 2012 8:07am
Quoting thewriter30
extern double TrendThreshold = 0.5;

I found this on the Fast TMA line indi, i thinkg according to the new rules should be 0.4, but could be wrong. For my existing one (the old version I got it in 0.25) but had to change it myself

Also a question to Al or anybody: is it now recommended to go back to M15?

(as per ". I recommend setting your chart time frame to M15. ") on page one?

I have everything set to work on H1 and took some time..but .... oh well...

cheers
You can continue to use H1. I use H1 myself.
Observation is the path to discovery.
  • #12,229
  • Jul 30, 2012 8:29am Jul 30, 2012 8:29am
Hi Al

Thanks for that. I actually selected H1 after your recommendation and also felt more comfortable with it. So as per the new rules, will all apply moving things up (including W1? as in H1, H4, D1, W1) or we just use 3 TMAs?

I had actually some more questions but put them late, will repost them and thank u in advance:

3) Entry Rules: Say you want to Short. Say the price is ABOVE all TMAs. What if the price DROPS and crosses M15, but it is still Buy Only? Is it a missed trade? Or do we enter still when it changes to say Ranging? The question if not clear is what if the price crosses or touches any TMA before it becomes ranging (like the AUD right now 11:09 GMT +10)

4) Maybe obvious but we do Not use the Heiken Ashi colour changes anymore? And we do not use the slope change anymore?

cheers / thanks as usual
  • #12,230
  • Jul 30, 2012 8:33am Jul 30, 2012 8:33am
Quoting Trainman
You cannot view the M15 TMA on the H1 chart (there is no way to plot 4 points per each candle). Switch to M15 (or lower TF) chart and then you can view M15 TMA.
Thank you for your help . I understand now.

If I want to view W1 TMA Line , how to set ?

Thanks.
  • #12,231
  • Jul 30, 2012 8:34am Jul 30, 2012 8:34am
Hi
Not sure if it will help much now but this is a HA indi that tells you when the HA changes colour (but not annoyingly as the one available - or at least the one I found searching in the web)
Just set the alerts to a value greater than 0.

It's still work in progress (working version though)
Attached File(s)
File Type: mq4 Heiken Ashi_v1_SWAlert.HER.mq4   7 KB | 699 downloads
File Type: ex4 Heiken Ashi_v1_SWAlert.HER.ex4   6 KB | 653 downloads
  • #12,232
  • Jul 30, 2012 9:04am Jul 30, 2012 9:04am
Quoting Alorente
I hope you were finally able to get the new system going because it is more effective than the old one and FastTMALine indi is much, much better than the Extreme TMA Line indi.

Unfortunately No,
But it absolutely does not matter dear Al,
I'm going to reinstall my windows which i think the problem might be related to it.
Maybe i should instal a windows other than Vista or etc.
The only important matter for me is that i see myself in your debt because i am VERY excited by your wonderful system which you shared with us for no cost.
Thank you again.
  • #12,233
  • Jul 30, 2012 9:07am Jul 30, 2012 9:07am
@ AL

Why you prefer to take TMASlope_Norm versus TMASlope2 NRP ? The repainting of TMASlope2 NRP isn't much like TMASlope_Norm.
  • #12,234
  • Jul 30, 2012 9:58am Jul 30, 2012 9:58am
Quoting thewriter30
Hi Al

Thanks for that. I actually selected H1 after your recommendation and also felt more comfortable with it. So as per the new rules, will all apply moving things up (including W1? as in H1, H4, D1, W1) or we just use 3 TMAs?

I had actually some more questions but put them late, will repost them and thank u in advance:

3) Entry Rules: Say you want to Short. Say the price is ABOVE all TMAs. What if the price DROPS and crosses M15, but it is still Buy Only? Is it a missed trade? Or do we enter still when it changes to say Ranging? The question...
Yes. You continue to use 4 TMAs. Just add the W1 and make sure you have room for the trade to move in W1.

3- Never enter a trade if the slope values are not ranging OR in your favor. Once the slope values are correct, then you can enter the trade if you have crossed a band OR on the next band you cross. It is your choice. There is no need to use Heiken Ashi color change, but you can if you prefer. Nothing is written in stone. You have to enter the trade in the way you feel more confortable. I enter as soon as all slope values are in agreement with my trade because I don´t use a stop loss and I allow price room to move.
Observation is the path to discovery.
  • #12,235
  • Jul 30, 2012 9:59am Jul 30, 2012 9:59am
Quoting Fishcoo
Thank you for your help . I understand now.

If I want to view W1 TMA Line , how to set ?

Thanks.
Set the TF to 10,080 and you will get the W1 TMA.
Observation is the path to discovery.
  • #12,236
  • Jul 30, 2012 10:01am Jul 30, 2012 10:01am
Quoting starlighter
@ AL

Why you prefer to take TMASlope_Norm versus TMASlope2 NRP ? The repainting of TMASlope2 NRP isn't much like TMASlope_Norm.
Use the one you prefer. The difference is not that great.
Observation is the path to discovery.
  • #12,237
  • Jul 30, 2012 10:07am Jul 30, 2012 10:07am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Attached Image (click to enlarge)
Click to Enlarge Name: TMASlopeTrue-CB.png Size: 83 KB


Attached File(s)
File Type: mq4 TmaSlopeTrue-CB.mq4   15 KB | 1,036 downloads
Of all the things I've lost I miss my mind the most .
  • #12,238
  • Edited 10:54am Jul 30, 2012 10:07am | Edited 10:54am
Quoting thewriter30
Hi Al

Thanks for that. I actually selected H1 after your recommendation and also felt more comfortable with it. So as per the new rules, will all apply moving things up (including W1? as in H1, H4, D1, W1) or we just use 3 TMAs?

I had actually some more questions but put them late, will repost them and thank u in advance:

3) Entry Rules: Say you want to Short. Say the price is ABOVE all TMAs. What if the price DROPS and crosses M15, but it is still Buy Only? Is it a missed trade? Or do we enter still when it changes to say Ranging? The question...
Another nice way to enter the trade is on break of the RSI trendline (Yellow at bottom on chart attached). Once all 4 Slope values are correct, enter when the RSI breaks the trendline. Right now H1 slope is 0.43 so it is very close to 0.40. All other slope values are correct. As you can see, the RSI trendline is close to breaking. By waiting for everything to line up, you avoid the typical mistake of entering too early and suffering from gastritis from a large drawdown.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 47 KB
Observation is the path to discovery.
  • #12,239
  • Jul 30, 2012 10:08am Jul 30, 2012 10:08am
Quoting Alorente
Set the TF to 10,080 and you will get the W1 TMA.
Tip: Instead of remembering numbers like 10080, 1440 etc, you can just type the TF in exactly as shown on the MT toolbar: W1, D1, M15, etc.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #12,240
  • Jul 30, 2012 10:21am Jul 30, 2012 10:21am
Quoting Trainman
Tip: Instead of remembering numbers like 10080, 1440 etc, you can just type the TF in exactly as shown on the MT toolbar: W1, D1, M15, etc.
Gee, thanks. I didn´t know that.
Observation is the path to discovery.
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