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Extreme TMA System

  • #13,841
  • Dec 13, 2012 6:01am Dec 13, 2012 6:01am
Hi Bassramy,

I have been a silent follower of this thread since a few months. I want to thank you for all your insights and analysis which has helped us noobies to learn so much.

I am thinking of shorting GBPCAD @1.58440 and would like to know your thoughts on the same.

Thanks in advance
https://dl.dropbox.com/u/73890365/gpcad.gif
  • #13,842
  • Dec 13, 2012 7:03am Dec 13, 2012 7:03am
Quoting bassramy
I Know i took the trade, now i have a buy limit order on the lower H4 band.
Took profit on that trade yesterday now waiting for the Break of consolidation (and we have a nice one here) with all the rules line up to go Long.
Master Your Setup, Master Your self. (NQoos)
  • #13,843
  • Dec 13, 2012 7:05am Dec 13, 2012 7:05am
Quoting tp0440
Are you also selling EURUSD? DAX? :-)


BR
EU short, DAX Long after the break of the Ascending horn on my Long term Position Trading system, these 2 assets has been divergent this week instead off being correlated.
Master Your Setup, Master Your self. (NQoos)
  • #13,844
  • Edited 8:35am Dec 13, 2012 7:15am | Edited 8:35am
Quoting ravs_avs
Hi Bassramy,

I have been a silent follower of this thread since a few months. I want to thank you for all your insights and analysis which has helped us noobies to learn so much.

I am thinking of shorting GBPCAD @1.58440 and would like to know your thoughts on the same.

Thanks in advance
https://dl.dropbox.com/u/73890365/gpcad.gif
Its the 2 second worst place to short the GC, the bottom of this move 1.5810 being the First, this baby is in D1 down trend but wait t'il the Price climb back up to the Upper H4 Band and crossed down again, confirm that all the rules are met and then short targeting the lower H4 Band and keep holding the trade until HA turn Bullish, maybe u will be lucky and the short move continue to the D1 lower Band harvesting 300-350 pips.
Master Your Setup, Master Your self. (NQoos)
  • #13,845
  • Dec 13, 2012 8:50am Dec 13, 2012 8:50am
Dear Bassramy,

Took the risk and shorted AUDUSD. Slope values on all major TF are ranging, the only one
making me a little anxious is H1 slope. Please let me know what you think. Thank you.
  • #13,846
  • Dec 13, 2012 8:56am Dec 13, 2012 8:56am
Here is the chart for AUD.
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 40 KB
  • #13,847
  • Dec 13, 2012 9:05am Dec 13, 2012 9:05am
Quoting ~bull.bear~
Hi!
I could help you but i doubt about how the band could filter the trend because it is repainting. I did have this idea before but it couldn't give correct signal. Or do i miss something else?

Thanks.
But if you use M15 as entry point with FastTMALine/TMA bands it is slightly to lose a trade in the direction of H1 trend.
So if i can get the angle of M5 band on the code, it will be much better to get the signal.
  • #13,848
  • Dec 13, 2012 9:11am Dec 13, 2012 9:11am
Quoting Cold_W
Dear Bassramy,

Took the risk and shorted AUDUSD. Slope values on all major TF are ranging, the only one
making me a little anxious is H1 slope. Please let me know what you think. Thank you.
Too early, if you get away with it this time, and only IF, Next time it won't be the same, RSI i still Above 50, DP and consolidation is not broken yet, H1 slope is almost turning negative but can repaint back up, my sell stop is under the Conso where HA will turn red and RSI will cross the 50 level and the DP.
Master Your Setup, Master Your self. (NQoos)
  • #13,849
  • Dec 13, 2012 9:33am Dec 13, 2012 9:33am
Quoting Phaholj
But if you use M15 as entry point with FastTMALine/TMA bands it is slightly to lose a trade in the direction of H1 trend.
So if i can get the angle of M5 band on the code, it will be much better to get the signal.
Could you post screenshot? It is hard to know how without an example.
Thanks.
  • #13,850
  • Dec 13, 2012 9:36am Dec 13, 2012 9:36am
Quoting bassramy
Too early, if you get away with it this time, and only IF, Next time it won't be the same, RSI i still Above 50, DP and consolidation is not broken yet, H1 slope is almost turning negative but can repaint back up, my sell stop is under the Conso where HA will turn red and RSI will cross the 50 level and the DP.
Thank you for reply. Hopefully it will break resistance and go south. Next time will wait for all the signals to be firm.
  • #13,851
  • Dec 13, 2012 9:47am Dec 13, 2012 9:47am
Quoting Cold_W
Thank you for reply. Hopefully it will break resistance and go south. Next time will wait for all the signals to be firm.
Hope, greed and Fear got nothing to do with it and i do think that you mean support and go south not resistance, anyway good luck in either way.
Master Your Setup, Master Your self. (NQoos)
  • #13,852
  • Dec 13, 2012 9:49am Dec 13, 2012 9:49am
Quoting bassramy
Hope, greed and Fear got nothing to do with it and i do think that you mean support and go south not resistance, anyway good luck in either way.
Of course it was support that I ment
  • #13,853
  • Dec 13, 2012 9:54am Dec 13, 2012 9:54am
Quoting ~bull.bear~
Could you post screenshot? It is hard to know how without an example.
Thanks.

I think the angle or direction of TMA bands pointing position like 2,3 or 4 o'clock
Attached Image (click to enlarge)
Click to Enlarge Name: Tma Angle 001.JPG Size: 116 KB
  • #13,854
  • Dec 13, 2012 10:02am Dec 13, 2012 10:02am
Quoting Phaholj
I think the angle or direction of TMA bands pointing position like 2,3 or 4 o'clock
What is the name of indi on your chart that looks like star? What's your experience working with it?
  • #13,855
  • Dec 13, 2012 10:15am Dec 13, 2012 10:15am
Quoting Cold_W
What is the name of indi on your chart that looks like star? What's your experience working with it?
It is also a repainting indicator but i like it because it tell when the trend reach limit or about to end.
But it is not available on the EA i am trying to develop.
Attached File(s)
File Type: mq4 ! $ 2012 SEMA4X - White Only.mq4   9 KB | 718 downloads
File Type: ex4 #4X 2010 SEMA4X.ex4   12 KB | 736 downloads
  • #13,856
  • Dec 13, 2012 10:20am Dec 13, 2012 10:20am
Quoting Phaholj
I think the angle or direction of TMA bands pointing position like 2,3 or 4 o'clock
Even if could get the value of TMA upper or lower band at certain time, but i am not sure how to calculate and conclude as up or down direction for coding? It must have fix horizontal value to refer for. Anywhere, it is still repainting. The band value will always change, this is what i have observed. Unless someone knows when it does not repaint and give fix value.


For the TMA upper or lower band value, use this "icustom" code and refer to intended buffer.
  • #13,857
  • Dec 13, 2012 10:32am Dec 13, 2012 10:32am
Yes, i have already used the iCustom and it returns the price value. So i was asking if anyone may have the idea of the direction/Slope of TMA band.
  • #13,858
  • Dec 13, 2012 10:38am Dec 13, 2012 10:38am
Am not very good with MQL4 but am still a learner and i like to automate my trades since i don't have time during the day to trade and my account is very very small and am new to Forex trading. I can't afford higher time frames.
If i can code an EA that would help me trade while am at work it would be better.
  • #13,859
  • Dec 13, 2012 10:46am Dec 13, 2012 10:46am
Quoting Phaholj
Yes, i have already used the iCustom and it returns the price value. So i was asking if anyone may have the idea of the direction/Slope of TMA band.

this is how i used to gauge trend, it won't give multiple cross within short period of time.
I used myself modified TMA band indicator + TMA. these are not repainting.

If lower band cross over TMA = uptrend
if upper band cross over TMA = downtrend

Add: Long at each successive correction for uptrend.

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 149 KB
  • #13,860
  • Dec 13, 2012 10:48am Dec 13, 2012 10:48am
Quoting Phaholj
It is also a repainting indicator but i like it because it tell when the trend reach limit or about to end.
But it is not available on the EA i am trying to develop.
Thanx for sharing. You use it with the same settings?
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