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Extreme TMA System

  • #14,001
  • Jan 19, 2013 4:19am Jan 19, 2013 4:19am
Quoting popeyepete19
Hi Al,

Thanks for the great thread, it mirrors my trading method and is just what I was looking for. I usually like to trade the lower time frames like the M15, as described in the beginning of the thread.

Unfortunately all of the various versions, indicators and EA's of your system that have evolved in producing your final version are not posted, since the final version has always been updated and revised only in the first post.

Would it be possible to upload all of your versions and full documentation into one zipped...

Hey Pete looks like you a newbie like me and yes it would be great if someone could post what you have asked for but from reading the thread I get the impression that everyone has there own little tweaks to the system, obviously they still follow the main core of the system but with there own personal indicators and methods.

I think because this system has evolved so much the best way to understand it is to just download the original system from page 1, play with it, read about it, (SEE Riddermark post http://www.forexfactory.com/showthre...01#post5571401 ) contains all Als wisdom about this system, read all this thread and if you still have questions come back and ask.
Well thats what Im doing anyway unless anyone has any short cuts.
Anyway good luck.
  • #14,002
  • Edited Jan 20, 2013 5:36am Jan 19, 2013 1:54pm | Edited Jan 20, 2013 5:36am
Quoting haymaker1
Hey Pete looks like you a newbie like me....
Hey Haymaker (:

Thanks for the info. I read the pdf's and Al's wisdom files, but have not read the whole thread.....my hat off to you for doing so. I did read all the posts that had attachments and intermittent posts, so you could say I am partially clued in......but my wife will tell you different. You're correct about different variations on the rules, I am starting my own variation already. I also attached Al's Wisdom - Volume 3 for any stragglers such as myself.

I took this trade on Friday using NanningBob's H4 method, and thought I would superimpose the TMA on the charts. It looks like the two methods are good at picking the tops and bottoms, but I think I am starting to prefer the TMA method.

I noticed that if I was to enter on the H4 Swissy chart using all the TMA rules, the last trade would have been in June of last year. This is due to the fact that for a short trade, price must exceed the H4 and Daily upper bands while still have the MTF TMA slope values below the 0.4 threshold for the H4, D1 & W1. This seldom occurs because once price exceeds the D1 upper band, the TMA slope value usually always exceeds 0.4 and invalidates the trade accordingly.

To be waiting on the sidelines as the rules suggest until the Daily returns below the 0.4 value is the culprit for missing out on a lot of the trades.


My question is do you guys usually ignore the 0.4 threshold level on the Daily when trading the H4 ?


The reason I am asking is because the two time frames (D1 & H4) are actually quite close for using one to trade and the other to determine trend direction. I usually find that if I am using the Daily for trend, then I trade on the Hourly. To me just the Weekly is better as a trend for the H4, as opposed to the Weekly and the Daily combination as defined by the rules.


Any insight would be appreciated.


Cheers, Pete.
Attached Image (click to enlarge)
Click to Enlarge Name: Post 2.jpg Size: 185 KB
Attached File(s)
File Type: pdf Al's Wisdom Vol III.pdf   3.8 MB | 1,967 downloads
  • #14,003
  • Jan 19, 2013 2:22pm Jan 19, 2013 2:22pm
[quote=popeyepete19;6378995]
Quoting haymaker1

I noticed that if I was to enter on the H4 Swissy chart using all the TMA rules, the last trade would have been in June of last year. This is due to the fact that for a short trade, price must exceed the H4 and Daily upper bands while still have the MTF TMA slope values below the 0.4 threshold for the H4, D1 & W1. This seldom occurs because once price exceeds the D1 upper band, the TMA slope value usually always exceeds 0.4 and invalidates the trade accordingly.

To be waiting on the sidelines as the...
Hey Pete
I dont think you can look at past results because the TMA slope repaints 20 bars depending on your settings, so you can only forward test not back test.
I am just starting with system so may be wrong but I am sure that is the case.
  • #14,004
  • Jan 21, 2013 2:25am Jan 21, 2013 2:25am
Quoting Coondawg71
Bassramy,

First, I enjoy reading your posts, always something useful and informative. Thanks!

Second, I have been incorporating some wave analysis into my trading using a 3 hour centered moving average cycling around a Hodrick Prescott filter of 144 periods. This shows when price has really moved excessively into overbought/oversold positions and therefore a trader could catch a trend with less draw-down to be expected. Simple, but effective. Ala a vortex cycle. On the bottom of this attached chart you will see how I use RLW% with various...
Thank you for your input and welcome to our thread, i myself are developing a kind of similar chart but still experimenting with it, my goal is to change the TMA with a non recalculating (Repainting) Bands indicator ( Like a real TMA ), I tried different versions of the TMA Bands, Starc Bands, Bollinger Bands, Keltner Bands, Fibo Bands, ATR Bands and many others and now I'm concentrating on the Hurst Bands and demoing it in real time to see what i can get as a results, and i use the spectrometer also as a trend direction indicator and as a replacement for the slope.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,005
  • Jan 21, 2013 2:31am Jan 21, 2013 2:31am
Quoting popeyepete19
Hi Al,

Thanks for the great thread, it mirrors my trading method and is just what I was looking for. I usually like to trade the lower time frames like the M15, as described in the beginning of the thread.

Unfortunately all of the various versions, indicators and EA's of your system that have evolved in producing your final version are not posted, since the final version has always been updated and revised only in the first post.

Would it be possible to upload all of your versions and full documentation into one zipped...
You can try these old system templates made by AL.
Attached File(s)
File Type: tpl lorente large chart.tpl   44 KB | 1,104 downloads
File Type: tpl lorente large chart+.tpl   56 KB | 1,039 downloads
File Type: tpl extreme tma - new version.tpl   41 KB | 1,201 downloads
File Type: tpl lorente magic system.tpl   14 KB | 1,082 downloads
File Type: tpl Lorente New large chart.tpl   38 KB | 1,067 downloads
Master Your Setup, Master Your self. (NQoos)
  • #14,006
  • Jan 21, 2013 2:43am Jan 21, 2013 2:43am
Quoting freeRider
Hi Coondawg71!
Back in time i was searching for cycle analysis tools like yours but ended on a brick wall.
Can you please direct my attention to a place where i can study that methodology and find indies to test if they fix to my ts?

Many thanks mate.
Regards
Google these Sites : Nirvana Systems, SentientTrader.

And here is the Spectrometer for MT4.

Regards,
B.R.
Attached File(s)
File Type: mq4 #Spectrometr_Separate_Selective Cycle 2.06.mq4   20 KB | 2,617 downloads
Master Your Setup, Master Your self. (NQoos)
  • #14,007
  • Jan 21, 2013 2:50am Jan 21, 2013 2:50am
Quoting haymaker1
Hello bassramy and the rest of the contributors who have developed or improved this system, this is my first post to this thread so just saying hi and thankyou for what seems to be a profitable system.

I have just finished reading the whole thread, wow took some time getting through it but I survived and made it to this side, lol.

On Monday I will start to demo it so please be ready for a barrage of questions, only kidding, most questions I had have been answered by reading through the thread so now I think I'm up to speed. Anyway we will...
Welcome to our thread, and you are welcome to ask any question regarding this system, i will do my best to answer the ones i know and specially to guide you to the answers that you need on this thread.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,008
  • Jan 21, 2013 2:57am Jan 21, 2013 2:57am
Quoting bassramy
Google these Sites : Nirvana Systems, SentientTrader.

And here is the Spectrometer for MT4.

Regards,
B.R.

Hi

I think this indi requires/missing the spectrometr.dll library. It only shows a line.
Check the code.
#import "spectrometr.dll"
double fourier(double& sourceArray[], double& A[], double& B[], double& R[], double& F[], int n, int m);
#import
  • #14,009
  • Jan 21, 2013 3:06am Jan 21, 2013 3:06am
Quoting Phaholj
Hi

I think this indi requires/missing the spectrometr.dll library. It only shows a line.
Check the code.
#import "spectrometr.dll"
double fourier(double& sourceArray[], double& A[], double& B[], double& R[], double& F[], int n, int m);
#import
Yes thank you P, here it is, the file format is not supported by FF so unzip it instead and drop it in the Libraries folder of your MT4 and don't forget to tick the Import dll function of your indicator when you drop it on the chart. .
Attached File(s)
File Type: zip Spectrometr.zip   33 KB | 2,515 downloads
Master Your Setup, Master Your self. (NQoos)
  • #14,010
  • Jan 21, 2013 3:12am Jan 21, 2013 3:12am
This is How it looks like plotted on a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_spec_cycles.jpg Size: 107 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,011
  • Jan 21, 2013 3:20am Jan 21, 2013 3:20am
How does it work?
All i see is different colored lines.
  • #14,012
  • Edited 4:56am Jan 21, 2013 4:39am | Edited 4:56am
The D1 Lower Band of the GU is being hit waiting for the DC (Donchian Channel) Middle line cross to take some profit, the big picture is that the GU Tested some important D1 support @ 5827 and closed above if this level is broken we can expect a drop to 5540 which is the next Daily significant support, also my super Trend Indicator is shouting Sell but not after some retest of this level.
Attached Image (click to enlarge)
Click to Enlarge Name: gu_h1_10.jpg Size: 162 KB
Master Your Setup, Master Your self. (NQoos)
  • #14,013
  • Jan 21, 2013 5:32am Jan 21, 2013 5:32am
As one of the Mercenary traders said it :

There is an incredibly beneficial aspect to articulating one’s thought process on a regular basis. Clarity unburdens the mind, and the discipline of writing and clarifying keeps us razor sharp. When you share, and commit to the regular discipline of sharing, you get as much out of it as anyone else. Plus there’s the whole community thing — traders helping traders, getting together and having a blast, and so on.

Enjoy.
Master Your Setup, Master Your self. (NQoos)
  • #14,014
  • Jan 21, 2013 5:42am Jan 21, 2013 5:42am
Quoting Phaholj
How does it work?
All i see is different colored lines.
These different color lines are price and time cycles, choose your own from the Indicator's properties and try to learn as much as possible how it works, i used it as a trend direction on a higher TF's, i only plot D1 and H4 and see where is the trend regarding my H1 and H4 trading TF's as well as H1 sometimes to see how the PA moves on my current TF.

Still learning about it but liking it already, i provided 2 valuable links on a earlier Post and if your interested i can post a lot of my research materials regarding Cycles as studied by Hurst, you should note that my only real interest is the Hurst Bands cycles which is similar to TMA's but a lot more complex and Deep.

I recommend you to visit these links to learn more.
Go here to see this week's cycles report.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
  • #14,015
  • Jan 21, 2013 6:18am Jan 21, 2013 6:18am
Thanks bassramy

I have already watched 4 videos at http://sentienttrader.com/resources/...uction-videos/ and have a little understanding of JM Hurst’s Market Cycles Principles.
Would be glad to get all the resource regarding this cycles.
  • #14,016
  • Jan 21, 2013 6:47am Jan 21, 2013 6:47am
Quoting bassramy
You can try these old system templates made by AL.
Thanks Bassramy, I have a couple already, but not the earlier ones.
  • #14,017
  • Jan 21, 2013 7:20am Jan 21, 2013 7:20am
Quoting haymaker1

Hey Pete
I dont think you can look at past results because the TMA slope repaints 20 bars depending on your settings, so you can only forward test not back test.
I am just starting with system so may be wrong but I am sure that is the case.
Hi Haymaker,
You're bang on with regards to the repainting issue. I placed it on the back testing simulator on the weekend and the bars were going up and down like the digital output from a music equalizer....oh well looked good on the screenshots.

But what my question was the rules state that when price goes above the top band on the D1 and H4 for a short setup (trading on the H4), we should consider entry only when the MTF value of D1 is less than 0.4 on the MTF indi. My issue was with the fact that when price goes over the upper D1 band, the value on the MTF indi (which to my understanding does not repaint) will hardly ever satisfy that requirement because it is greater than 0.4 during that instance, thereby invalidating the setup.

Anyways, the dashboard alert looks really good, and the bands are very good at locating price reversals. I'll be playing with them this week real time so I'll ee.

Cheers, Pete.
  • #14,018
  • Jan 21, 2013 7:40am Jan 21, 2013 7:40am
Bassramy,

In your pursuit of Cycle Wave studies...have you gone through the Sine Wave and Channel Reflection thread??? It is currently a dead thread, but quite a lot of useful information. It will really help anyone who wishes to understand price action in a visual manner.

Let me know what you think of the Sentient Trader platform and its tools if you don't mind... I finally have my settled on this latest method after a lot of testing other methods and my A.D.D. cant handle devouring any more stimulus.

thanks,

sjc
  • #14,019
  • Jan 21, 2013 7:48am Jan 21, 2013 7:48am
Quoting Coondawg71
Extreme TMA, Centered MA, Spectrometer all in play...Hurst Channel removed from price chart.

sjc
Hi Coondawg71

What is the name of the indi you use on this charts?
  • #14,020
  • Jan 21, 2013 9:01am Jan 21, 2013 9:01am
Quoting Coondawg71
Bassramy,

In your pursuit of Cycle Wave studies...have you gone through the Sine Wave and Channel Reflection thread??? It is currently a dead thread, but quite a lot of useful information. It will really help anyone who wishes to understand price action in a visual manner.

Let me know what you think of the Sentient Trader platform and its tools if you don't mind... I finally have my settled on this latest method after a lot of testing other methods and my A.D.D. cant handle devouring any more stimulus.

thanks,

sjc
No i didn't but i'll be glad to do so and one can't help but wonder why these threads are dead is it the lack of interest or the tools itself are void, anyway i'm focusing entirely on the Hurst Bands now while keep trading my Version of the ETS, hoping someday to change the TMA Recalculating Bands with the Hurst non recalculating ones.

Regards,
B.R.
Master Your Setup, Master Your self. (NQoos)
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