The Tlatomi Experience

Quoting compro99

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my chart did not show that spike.

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Quoting tortoise

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This system has had good contributions to the method. Anyone can see many profitable trades on the charts. Your point here is well taken. A good system will not be profitable unless there is a good plan for money management.

What are your thoughts on size of trade with relation to your account size? I have read people on this forum putting their max lots on there trades. This is also a recipe for blowing out an account.

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Quoting Dan7974

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Yes....but....when do YOU ( personally ) take profit on M30, H1, and H4? Thanks soo much !!!

~Thank You~
~Dan~

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Quoting Zuke

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Hi Dan,

I have to agree with tortoise, trading off the 30min is high risk stuff on Cable, due to the dreaded whipsaw. Why not trade off the hourly? Less whips, but more frequent signals than the 4H.

If you really do feel that the 30 min is for you, I would advise you not taking a trade until both secondary and primary positions are in place.

As for taking profit, the point that Tortoise was very correctly making is that this should not be an arbitary 2x times stop or 60 pips or whatever. You should let the market TELL you when to get out.

As a guide:

1. Trade 3 lots (irrespective of size)

2. Place your stop beneath the recent lows (say the last 4 bars on the 30 min) or major support areas. You should also ensure that you are below importnat pivot levels if applicable.

3. Start to scale out (1 lot) at a level you are comfortable, in your case this is 10 pips, personally I would make this at first Fib line for the 30 min (21).

4. Scale out the next lot at the next Fib line or pivot point (for the 30 min this would be 34)

5. When you do (4) move your stop to break even and relax...this is now a free trade!

6. Let the final lot run until you get a signal to close (CCI Sniper cross or MA Cross)

Just my ideas and not a recommendation of course.

Happy pippin!

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Quoting avici4x

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After using this methode for 3 days in demo account in TF M30. I think it is better that we take the same signal as provide by the TF H4. Suppose that the TF H4 is down trend then we trade when in M30 also shown the down trend.

Regards,

Avici

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Quoting tradewiser

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Hi,

Since we are supposed to be taking trades on the close of a bar I wandering if there is a way to have some display on a chart of the number minutes left to a bars completion. I hope someone can also explain to me why on my H4 chart it displays the latest bars completion time as 12:00 when it is now 15:46? Previous 2 bars time was 4:00 & 0:00

Thanks
Naj

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Quoting wackena

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I'm a novice coder and I have put together an EA based the tiatomi method. I''m not sure how well it perform over time, but it did place the first order in the correct entry point. I used 2 SMA lines instead of the NonLagMA_v4 indicator. I could not get a workable code signal from this indicator.

Attached is Bogie_tiatomi_v1.0 EA and SHI_SilverTrendSIG red/blue dot indicator. Also attach to chart two SMA indicators. Set 1 for red and period=5 and one for white and period=9. I use white, instead of blue, for 9 SMA line as for me it is easier to see on black background chart.

H4 chart - right now only tested on gbp/usd. Can not backtest as timer for when Bar closes only works when EA is attached to chart.

Order sequence
Buy
1. SHI_SilverTrendSig indicator red dot appears.
2. Then after 1, EA waits until MA 5 cross above MA 9
3. Then after 1 & 2, EA waits until current Bar closes.

Close Buy when red dot is replaced by next blue dot.

Sell
1. SHI_SilverTrendSig indicator blue dot appears.
2. Then after 1, EA waits until MA 5 cross below MA 9
3. Then after 1 & 2, EA waits until current Bar closes.

Close Sell when blue dot is replaced by next red dot.

I may add when MA crosses back as part of close code. Dot color change or MA reverse cross. Either one would close order. But I think the dot color change always come first.

The UD = 1 is for red dot and UD = -1 is for blue dot. I may take this out as you can see when the red or blue dot appears.

Wackena

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Quoting wackena

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Here's an indicator that shows time left in current bar.

Wackena

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Quoting Dan7974

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Yes....but....when do YOU ( personally ) take profit on M30, H1, and H4? Thanks soo much !!!

~Thank You~
~Dan~

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Quoting wackena

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I'm a novice coder and I have put together an EA based the tiatomi method. I''m not sure how well it perform over time, but it did place the first order in the correct entry point. I used 2 SMA lines instead of the NonLagMA_v4 indicator. I could not get a workable code signal from this indicator.

..........

Order sequence
...........

Close Buy when red dot is replaced by next blue dot.

Sell
.........
Close Sell when blue dot is replaced by next red dot.

I may add when MA crosses back as part of close code. Dot color change or MA reverse cross. Either one would close order. But I think the dot color change always come first.

........

Wackena

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Quoting tortoise

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This method has not proven itself over time yet and personally I think it is too soon to make a judgement on which is better, taking a set profit or letting the market run. Dan, come on, this method is less than 3 weeks old. We are still developing it here. I am still getting use to when to trade it and when to not trade it especially on the M30. My first chart I posted (Post #2) had great trades where you could get 20 pips on a M30. That is hard to do most other times.

I did a small back test, about 4 months, on GBP on the 4H and found 80 pips gave the most profit as oppose to getting out when MA turned. Taking 10 pips on a H4 gave 100 % profit but over all made less money. 80 pips was about 75% profitable.


Where do You put Your Stop on H4?

Steps to Buy :

1) Blue Dot.
2) 5 EMA crosses the 9 SMA upward.
3) FX Sniper is in Buy Mode.
4) Take Profit at 80 pips, or 10 pips ( less risky ).


Is this right?


There is no right answer here. Like I said in previous post, a person trading, especially with high leverage, needs to have developed trading skills. This will help you to know when to take profit.

(As far as your spike, it may be a bad tick. It is on none of my charts. Who provides your data service?)

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Quoting Zuke

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In theory it should be 1%, but a lot of people's accounts are not big enough to make this feasible. As this system has such a high win rate, I risk no more than 3% of my account per trade. What do you think?

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Quoting Dan7974

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Where do You put Your Stop on H4?

Steps to Buy :

1) Blue Dot.
2) 5 EMA crosses the 9 SMA upward.
3) FX Sniper is in Buy Mode.
4) Take Profit at 80 pips, or 10 pips ( less risky ).


Is this right?

Dan.

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Quoting tortoise

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As I said on above post, I want to risk about 1.2%. That means if a 4H trade comes up and the 1.2% risk is not in a good spot, i.e below a pivot, trend line or other likely spot that will tell me I'm wrong, I will skip the trade.

You mean 1.2 % of Your account ? Thanks for all of this info.! I really appreciate it !


I will get out even if my stop is not hit if the market looks bad. Bad could mean new signal in the other direction.

Just to make your procedure above clear, I liked to reverse steps 2 and 3. Have FX Sniper cross in buy mode and then 5/9 cross.

Here is a Tip: Crosses should have good angles. If FX Sniper is giving a flatten out cross that is usually a market that is trading in a range. Skip trade.

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Quoting tortoise

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The Tlatomi uses the the 5 EMA and 9 SMA. Make sure your 5 MA is exponential. NonLag MA is not used and I think the forum has come to the conclusion that the 5/9 is a better entry signal. (see PDF on Post #157)

It is not a good idea to close when dot appears. As we all have found out, it repaints when you refresh the chart. I would use a cross of the FX Sniper or a reverse signal.

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