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The Tlatomi Experience

  • #261
  • Aug 25, 2006 4:23am Aug 25, 2006 4:23am
Quoting wackena
Bernhard,

1. The EA has no visible graphics, except for the Comment text in upper left hand corner of charts. The visible grahics come from the SHI_SilverTrendSIG indicator. The EA and Indicator are not connected. They each produce their own data. (and this data is only part of the data the EA uses to determine order entry).
2. The Indicator produced dot only appears once when a reverse trend has been determined. It stays stationary and then the next dot indicates next trend change.
3. I don't understand your concept for EA change. Please post an entry and exit example for your concept.

Wackena
Hi Wackena !

First of all thank you very much for your reply

I've watched the charts for some hours and followed the dots

What I discovered is the following :

1. If the slope of the 5 EMA reaches zero whether it's coming from the up- or downside the doesn't move any longer !!

2. So maybe you can change the SHI_Silvertrend Indicator in that way
that the dots are only painted, if the slope of the 5 EMA reaches zero !!

3. Then you enter long or short with a stop loss for example 30 pips

3. It's similar to the 8 SMA in the 4h Vegas Tunnel

4. This could be an interesting EA......

Happy Pippin

Bernhard
  • #262
  • Aug 25, 2006 11:23am Aug 25, 2006 11:23am
Quoting jtrader1
this is euraud 4 hrs.
u can see the last trade for long(dot , cross of ma's and sniper giving signal
but as soon as I enter long I have a red dot for a stop
this happens even on other currencies. there is a solution to fix this?
analyzing the charts of the last days and weeks, they seem all perfect but when you ' re trading live you find many dots coming.
I think Forex trading is all about probabilities. There is no way to predict market all the time 100%. Sometimes losses will occur. The important thing is that profits would cover the loss and still leave some for us.

About your chart... let's look at the last four dots that appeared on the chart when the market started to go sideways (we never know in advance when it happens) and what the dots told you. The first blue dot appeared and at the OPEN of the next candle let's say you bought EUR/AUD and held that trade until the next red dot appeared. Then at the OPEN you would've closed the long and went short at the same time. Nice profit isn't it? Now you are short and at the close of the candle the blue dot appeared. So you'd close the short at the OPEN and go long. You had a nice profit, isn't it? Now you are long and the last red dot made you close that long with a nice profit at OPEN and go long at the same time. At this point you are long and the trade is going against you. When it went appr 25 pips above the highest of the previous trend up (previous from blue to red) your S/L should have taken you out. Now wait for the next dot to appear.
So you'd have had all together 4 trades in a sideways market. 3 of them were profitable, the 4th was taken out by S/L. You still have a nice profit. And by now you'd realized that this is a sideways market, and MA crossovers on the bigger TF are not the best way to trade it. So either change the method for for now, or just wait until the next dot appears and make your decision what to do then, depending if it is a breakout or still sideways trend.
I didn't mean to teach you, I just wanted to tell you how I see the situation on this chart, and I like it. As I said it is all probabilities, but with this method they are not bad at all!
Peace.
  • #263
  • Aug 25, 2006 11:31am Aug 25, 2006 11:31am
Hi, Wackena
I owe you an appology by misspelling your name
Didn't notice in time, sorry.
  • #264
  • Aug 26, 2006 5:00am Aug 26, 2006 5:00am
to lie..
thx for replying but just 2 things:
first i don't trade only accordingly to the dots coming, i wait also for sniper and for cross of ma's, so the second trade u mean(the sh one) was not to be taken if following the rules coz no sniper signal.
second if u trade only with the dots would not be such a great way to trade, coz dots repaint and move themselves, but I will check ur idea only to trade with dots.
tell u updates after and btw, how u find urself trading with it?
  • #265
  • Aug 26, 2006 12:15pm Aug 26, 2006 12:15pm
Quoting LazyPawn
Actually it's exactly the opposite.

The 4hr bars/candles may be completely different because different MT4 brokers use different times for their data feed. Some of them are on EDT, others use GMT, others GMT+1, or GMT+2 and so on. As a result on a 4hr system you get different signals because those bars start and end at a different time. For instance one chart has the 4hr bar from 8 AM to noon GMT, while another one has it from 9 AM to 1 PM GMT. Same thing with dailies. Only the smaller time frames are similar (there can be a small difference of course, but only a few pips).
Actually, as I would have expected, it looks the other way around of what you are saying i.e. the correlation between different data feeds is the closer the longer the time period.
Attached the AUDUSD charts from StrategyBuilderFX and InterbankTrader for different time frames: WK, H4, and M1.
As you can see, the WK charts look quite close, H4 somewhat close, M1 complitely different.
Attached File(s)
File Type: zip AUDUSD_Different_DataFeeds&TFs.zip   592 KB | 442 downloads
  • #266
  • Aug 26, 2006 1:03pm Aug 26, 2006 1:03pm
Quoting manul
Actually, as I would have expected, it looks the other way around of what you are saying i.e. the correlation between different data feeds is the closer the longer the time period.
Attached the AUDUSD charts from StrategyBuilderFX and InterbankTrader for different time frames: WK, H4, and M1.
As you can see, the WK charts look quite close, H4 somewhat close, M1 complitely different.
Probably you didn't understand what I was saying. We are talking about 2 different things. If the brokers use the same time for their datafeed, the 4hr and dailies are indeed similar. But how can they be similar if the time is different? Let's say gpbusd rallies from 1.88 to 1.90 from 8 AM to noon GMT, then drops to 1.89 in the next 2 hours. The broker whose 4hr candle starts at 8 AM GMT will show a big bullish candle on its charts with the opening price 1.88 and close price 1.90. The one whose 4hr starts at 10 AM and ends at 2 PM would have a doji instead with both open and close price around 1.89. As a result the signals given by any indicators or EA can be completely different. Even if the 2 brokers quote the exact same price at the same time, their 4hr charts would look completely different. Something similar happens on the daily charts, which start/end at different times of the day. Even more than that, some brokers even display a candle for Sunday and most of them don't. It is also why people have so many problems with their pivots and cam levels - they use different numbers because the open/close/high/low of the previous day is not the same one. If you are still not convinced I can attach some pictures.

Weekly and monthly charts should be identical or close to it (at this level even if you have 5-10 pips difference it won't matter too much, because compared to the size of the candle it's a very small difference).

You are right that on smaller time frames there can be some small difference because the quotes are not identical (they cannot be too far away from the interbank feed though). Especially on 1 min charts where every pip means a lot, also on candles at news times.
  • #267
  • Edited 10:37pm Aug 26, 2006 2:29pm | Edited 10:37pm
Quoting LazyPawn
Probably you didn't understand what I was saying. We are talking about 2 different things.
..............
If you are still not convinced I can attach some pictures.

Thanks for clarification, LazyPawn, gotcha - no need in pictures. Yes, I did misunderstand you.

But now I am quite confused on how to properly use this and other time sensitive systems.
As already been observed, due to time frame differentials, ppl get different entry/exit signals depending on the way the candles are formed. So whose signals are correct and whose aren't and why?
Perphaps, more precise questions would be
1) which time zone gives better signals?
2) is Sunday data to be included in calculation and if yes starting what time, because usually till the London session the market is flat most of the time?
  • #268
  • Edited 6:12pm Aug 26, 2006 5:21pm | Edited 6:12pm
Excellent questions manul - and they are not strictly related to the tlalomi method. Let me tell you what I think (just my personal opinion).

We cannot say that someone's signals are correct or "better" than others'. Important is to always follow the signals from one and the same data provider. On the other hand when analyzing a certain system, especially one that works mostly on 4hr time frame, I think it's imperative that all people posting charts use one and the same MT4 source. Otherwise there is a lot of confusion when somebody has a signal and many others don't because their feed is different.

I have tried several MT4 demo platforms and I prefer the ones based on GMT+2 (GMT+3 during the summer) like FXDD or NorthFinance. It doesn't mean that I trade with them, I just use them for charting purposes. There are a few reasons that make this time zone better, even if it's not as popular as GMT for example. Please refer to http://strategybuilderfx.com/showpos...0&postcount=11 for more details.
  • #269
  • Aug 29, 2006 12:23am Aug 29, 2006 12:23am
I got 2 computers open with StrategyBuilderFX and InterbankTrader.
Their quote is difference even in real time......
Not sure because I am using demo account or not...

Also I am using 1Hr Tunnel + 5&9 Cross + Tlatomi on a 1hr chat. It give a quite nice result. will do more testing on it..
  • #270
  • Aug 29, 2006 9:29pm Aug 29, 2006 9:29pm
Hey guys....i'm back from my vacation...sorry...i forgot to tell You guys...So, how's the trading??? Tnaks guys !!!


Thank You,
Dan.
  • #271
  • Aug 30, 2006 12:03am Aug 30, 2006 12:03am
Quoting paddyman
Hey jtrader01,

I'm no expert I've been working on my forex skills for the past 6months, but i've discovered these threads in forex factory which have given me new perspectives. Looking at the sidus thread, tlatomi experience/method etc.

Maybe on this chart if we zoom out we can see that the overall trend is side ways on the four hour, so really its not trending and is a bit choppy for the time being.
If your worried about these red dots popping up from the SHI trend sig, then be aware that they repaint themselves in real time.

If we are not trending and your worried that you should put a stop on based on the red SHI dot then perhaps a stop should be placed just below the high (place this around 1.6805) which we can see just below the red dot on the previous small top on your chart.

So if you have just opened your trade at 1.6785 and you close at 1.6805 then you've made 20 pips without sticking with your blood presure fluctuating with the price rising and falling wondering will it get better or worse, will it pick up or is this as good as the price gets...

This is just how i read it.
What do other people think?
Paddyman,

What you are saying has inspired me to respond. I have been testing the Tlatomi method for only two days but in that time I have made some key observations. First I must thank Judex001 for introducing us to this method and all other participants who have contributed to make this method a success.

In the two days I have tested in demo mode I gained a total of 856 pips with no losses. I consider this phenomenal and have never had such success in this market (I've been trading FX and commodities for a while now).

That being said, I have found what you are saying about trending is important to trading in general and this method in particular. If the overall trend is down, a buy signal will not gain as many pips as a sell signal going with the trend. If the trend is strong enough, I may not play contrary at all and wait for a signal that goes with the trend. If the trend is sideways, I find it less stressful to just wait for the pair to start moving.

To help me better recognize the trend in the 4hr time frame, I borrowed from Kolachi's method and added a 200 ema with fibo lines and a 100 ema. This way I can clearly see what the long term trend is.

In addition, I found I had to put aside the idea of a 30 pip stop. I am not suggesting anyone else do this but here's why; I have not had luck with any other time frame but the original 4hr. I am thinking because this is such a long block of time, the trade needs more breathing space to gather steam. My first trade was +200 pip but was first down -80 pips before it took off. I was mentally prepared to go to -100 but it didn't happen and besides, it's much easier to wait when it's demo money . Once it hit +200, I cashed out. I know we're supposed to wait for reversal dot to close but 200 looked too good to pass up and in fact the price did eventually reverse close to there.

So that's where I am with my testing. I try to stick as close to the rules as possible, pay attention to the trend and in this case, use liberal money management to give the trade a chance to develop.

I am curious to know if anyone else is working the money management portion of the Tlatomi method the same way.

Cheers!
Nyx
  • #272
  • Aug 30, 2006 10:24pm Aug 30, 2006 10:24pm
Hi,
I think OrangeRoshan, was the first to introduce this method.
If I am wrong, sorry!

Good day!
  • #273
  • Sep 6, 2006 11:56am Sep 6, 2006 11:56am
Quoting lietuve
Hi,
I think OrangeRoshan, was the first to introduce this method.
If I am wrong, sorry!

Good day!
Hi lietuve,

I believe judex001 introduced the method with a thread titled "The Tlatomi Method". OrangeRoshan enhanced the method by introducing some nice innovations.

In any event, let this be a lesson to anyone interested; in my usual quest to make money faster veered off testing the method to test other indicators, methods etc. and guess what? I not only wiped out my gains with the Tlatomi method but dug an additional $500 hole in my demo account.

This is really a personal turning point for me. Perhaps there is something about having the patience to wait for a 4hr method to play itself out that really suits me better than trying to snipe a few pips on a 5min chart.

It is the temptation to bag pips in shorter time frames that eventually causes me to lose seemingly no matter what method I apply. I think for me anyway this temptation in part derives from the quickness of the trade. I can't tell you how many times I've sweated a copper or coffee commodity trade just waiting for a floor execution wheras Forex is a blink of an eye.

I plan to stick with the Tlatomi Method in demo mode from this point forward to see how far I can take it. I will update here with my progress and observations.
Nyx
  • #274
  • Sep 6, 2006 5:03pm Sep 6, 2006 5:03pm
Hello to all...

I am new in the tlatomi method. Please let me know how i can set the 5EMA and 9SMA moving averages on the MT4 platform. All other indicators set except these

Thanks
  • #275
  • Sep 7, 2006 5:44am Sep 7, 2006 5:44am
Quoting nikosgr
Hello to all...

I am new in the tlatomi method. Please let me know how i can set the 5EMA and 9SMA moving averages on the MT4 platform. All other indicators set except these

Thanks
The simpliest way is to click on Insert (on the top), then Indicators, the Moving Average and it will pop a small window where you can set the parameters (click on them, so you'll see the options).

Was that your question?
Good day!
  • #276
  • Sep 7, 2006 5:56am Sep 7, 2006 5:56am
yes lietuve... thanks

and the numbers before them stand for the periods ? Is it posible to write for me the complete setings for both moving averages ?

Thanks in advance
  • #277
  • Sep 8, 2006 5:27am Sep 8, 2006 5:27am
Quoting nikosgr
yes lietuve... thanks

and the numbers before them stand for the periods ? Is it posible to write for me the complete setings for both moving averages ?

Thanks in advance
5 period Exponential MA,
9 period Simple MA,
usually, by default, if nothing else is mentioned, at Close price.
  • #278
  • Sep 19, 2006 8:44pm Sep 19, 2006 8:44pm
Any one having nice profits with bogie Tlatomi?. Which versions are you guys use. I been using the V1.0f. But I dont have any trades it all in a demo account.

If I Have many EA running in one demo account, Is it going to affect my demo trades?

And what happend with EA when I shut down my PC? Is it going to be new trades?

Thank you guys.
  • #279
  • Sep 21, 2006 12:21am Sep 21, 2006 12:21am
Quoting OrangeRoshan
I dont trade on M30 unless the 3line break system on the M1 confirms it.
My advice trading on the M30 is to exit 10pips because trend can change suddenly, unless the 1hr & 4hr shows solid similar trend.

Whenthe M60 & M240 show the same trend, then switch to M60 and follow M60's dot as your exit point. Or move your SL every 10pips.

Hope that helps!

Hello Roshan....sorry if my question is so late to U, cos I am seeing this post now... ....what is the 3 line break system that you mentioned above? Could you please explain that to me, or if may, Could you please give the indicator if you have it. Thanks Roshan. All helps will be deeply appreciated!

Warmest Regards
  • #280
  • Oct 9, 2006 1:32am Oct 9, 2006 1:32am
Greetings; I did read the entire first thread on the tlatomi, and everywhere it said that the 4h was the only profitable timeframe. Have you switched to the 30M timeframe? If so, are the indicators still the same?

Thank you.

Quoting tortoise
Here is this morning's trades on M30 of GBP.

http://www.pianopeople.net/images/Tlatomi.jpg
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