Trading DAX with TMA Slope | Forex Factory

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Trading DAX with TMA Slope

  • #1
  • First Post: Edited Sep 13, 2016 6:07am Sep 9, 2016 9:24am | Edited Sep 13, 2016 6:07am
Trading the DAX with the TMA Slope Indicator.

This is a system that uses Price Action, (PA), Indicators, (indis), to assist in making opening and closing decisions. Because these indis will react to price fluctuations they will re-paint. They have to.

The DAX, (German Equities Exchange 30 big companies), can be found under the codes GER30 or DE30EUR.

Template and Indicators.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX.PNG Size: 38 KB
Attached File(s)
File Type: ex4 #Chaos ArrZZx2.ex4   32 KB | 3,087 downloads
File Type: ex4 buysellmagic02.ex4   25 KB | 3,301 downloads
File Type: ex4 GP_Clock-.ex4   8 KB | 2,474 downloads
File Type: ex4 PUX_ Price.ex4   9 KB | 2,627 downloads
File Type: ex4 TmaSlope.ex4   10 KB | 4,908 downloads
File Type: tpl DAX Tma 5min.tpl   6 KB | 2,522 downloads
File Type: mq4 MT4-LevelStop-Reverse-v2.mq4   16 KB | 3,242 downloads | Uploaded Sep 13, 2016 6:07am
  • #2
  • Sep 9, 2016 9:29am Sep 9, 2016 9:29am
TMA Slope Settings
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  • #3
  • Sep 9, 2016 9:34am Sep 9, 2016 9:34am
Chaos ArrZZx2 Settings
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  • #4
  • Sep 9, 2016 9:34am Sep 9, 2016 9:34am
BuySellMagic02 Settings
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  • #5
  • Edited 10:10am Sep 9, 2016 9:41am | Edited 10:10am
Ideal Buy and Sell bars happen as the TMA Slope Oscillator changes From Red to Green and at this point the TMA value changes from a Negative to Positive value and visa versa.
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  • #6
  • Sep 9, 2016 9:52am Sep 9, 2016 9:52am
I primarily use the M5 Chart.
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  • #7
  • Sep 9, 2016 10:16am Sep 9, 2016 10:16am
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  • #8
  • Sep 9, 2016 10:26am Sep 9, 2016 10:26am
Attached Image
  • #9
  • Sep 9, 2016 10:26am Sep 9, 2016 10:26am
Derek,
Thanks for the method. Question: Why DAX? Because you have you been using this method trading DAX (and it proved good/profitable)? Have you tried it on other TFs (1Min)?

Thank you.
  • #10
  • Sep 9, 2016 10:29am Sep 9, 2016 10:29am
Quoting MidnightRun
Derek, Thanks for the method. Question: Why DAX? Because you have you been using this method trading DAX (and it proved good/profitable)? Have you tried it on other TFs (1Min)? Thank you.
Hi Midnight
Yes I do use it on other instruments and on other TFs, but mostly H4. Dax moves in nice waves and seems to suit this method. Except of course when there's news.
  • #11
  • Sep 9, 2016 10:37am Sep 9, 2016 10:37am
Quoting derekw
{quote} Hi Midnight Yes I do use it on other instruments and on other TFs, but mostly H4. Dax moves in nice waves and seems to suit this method. Except of course when there's news.
Will give it a shot. I've tried trading DAX, not much success, still cannot figure out the behavior of the index.

Thanks again.
  • #12
  • Edited 12:11pm Sep 9, 2016 10:51am | Edited 12:11pm
I'll run through a trade and post screenshots. What works well with this method is that losses are few and low compared to the gains. I also open two positions at a time. One position trails with the dots, the other trails the dots until it is at Break Even (BE). That I then close on an opportune spike or when the trade changes, swing style.

The overall trend for DAX seems to be changing to the downside, so I am reticent to go long. I may have to wait for Monday.
  • #13
  • Sep 9, 2016 11:08am Sep 9, 2016 11:08am
An H4 view of the DAX shows that the pricing channels are deteriorating and indeed price is breaking downside of the current channel. The 200MA has also turned bearish.
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  • #14
  • Sep 9, 2016 1:18pm Sep 9, 2016 1:18pm
H4 Chart and a possible Road Map
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  • #15
  • Sep 9, 2016 1:26pm Sep 9, 2016 1:26pm
So if the road map is right and we reverse on Monday. We need to see these numbers go to positive. So this is what I'm watching out for.
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  • #16
  • Sep 9, 2016 1:26pm Sep 9, 2016 1:26pm
In particular the M5 number, which is the bigger white one.
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  • #17
  • Sep 9, 2016 2:15pm Sep 9, 2016 2:15pm
Thanks Derek for sharing! I subscribed.
I have few questions if you don't mind: for how long did you use this strategy? % of wins? are you able to fix a target for exit or do you wait for the opposite signal? Thanks in advance!
  • #18
  • Sep 9, 2016 2:43pm Sep 9, 2016 2:43pm
Now, for Friday night and the closing, it looks like we are stalling. So no trades. however if the values are right, I may put in a buy. The closing calls are about 85% correct for the opening gap with the SL in a good risk position .
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  • #19
  • Sep 9, 2016 2:50pm Sep 9, 2016 2:50pm
Quoting Fadhl
Thanks Derek for sharing! I subscribed. I have few questions if you don't mind: for how long did you use this strategy? % of wins? are you able to fix a target for exit or do you wait for the opposite signal? Thanks in advance!
This is quite a new strategy for me. All traders that have success will tell you about Price Action. And they are right. Here is the problem. You can identify S/R Areas, but you will find them all over the place and worse you will have to toss a coin at each one of them. Granted your experience will give you insight as to your best bet, but its still a best bet. I have spent years on this problem and trade different products on different accounts and with different strategies. This one, I'm sharing because i most of my trades are on high TFs and so are boring. This one is profitable and sporty. M5
  • #20
  • Sep 9, 2016 2:57pm Sep 9, 2016 2:57pm
Quoting derekw
So if the road map is right and we reverse on Monday. We need to see these numbers go to positive. So this is what I'm watching out for. {image}
Derek,
Do I get it right that a short position is open only if all the numbers are negative (i.e. H1, 5m, 1m)?
Thanks
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