ShelleyJem. Fantastic collision of accident and analysis

[Jemook]

Steve - just to confirm, when I choose the Multi TF TMA it can (for example, short) be at the top of H1 tma OR H4. It doesn't require them to BOTH be at the top, correct?

[phil_trade]

Steve

TMA TRUE from NB FF is set by defaut with xi_ATR.Period = 100 but you set it to 20 in SJ ? why ?

That is the value of the indi I have - also from FF and just redownloaded:

Code: Select all

//+------------------------------------------------------------------+
//|                                                 !TMA True v2.mq4 |
//|                                  Copyright © 2011, John Wustrack |
//|                                        john_wustrack@hotmail.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2011, John Wustrack"
#property link      "john_wustrack@hotmail.com"

#property indicator_chart_window

#property indicator_buffers 5
#property indicator_color1 Black
#property indicator_color2 Black
#property indicator_color3 Black
#property indicator_color4 Black
#property indicator_color5 Black
#property indicator_style4 STYLE_SOLID
#property indicator_style5 STYLE_SOLID

extern int xi_Period = 20;
extern int xi_ATR.Period = 20;
extern double xd_ATR.Mult = 2.0;
extern color xc_Text = LightGray;

Oh oh I just download 2.1 with this

Code: Select all

//+------------------------------------------------------------------+
//|                                                 !TMA True v2.1mq4|
//|                                  Copyright © 2011, John Wustrack |
//|                                        john_wustrack@hotmail.com |
//+------------------------------------------------------------------+
#property copyright "Copyright © 2011, John Wustrack"
#property link      "john_wustrack@hotmail.com"

#property indicator_chart_window

#property indicator_buffers 5
#property indicator_color1 Black
#property indicator_color2 Black
#property indicator_color3 Black
#property indicator_color4 Magenta
#property indicator_color5 Lime
#property indicator_style4 STYLE_SOLID
#property indicator_style5 STYLE_SOLID

extern int xi_Period = 20;
extern int xi_ATR.Period = 100;
extern double xd_ATR.Mult = 2.0;
extern color xc_Text = LightGray;

Not a problem, if we set the same value in graph to check the trade !

[SteveHopwood]

Phil, incorrect.

a buy trade need to wait first to hit LOWER H1 TMA or upper H4 TMA
and only after this to cross descending 5.1 MA's

a sell trade need to wait first to hit UPPER H1 TMA or lower H4 TMA
and only after this to cross ascending 5.1 MA's

Please see bold bits. If price is at the opposite H1 OR H4 TMA band it is still counted as being 'retraced' especially so to the H4.

Steve - you are a legend! This is a fantastic toy to play with.. I'm gonna have so much fun with this one. I can't believe you hooked this up so quick. Guys I hope you all understand what a gun Steve is with coding - this EA is THE SHIT!

SJ isn't quite coded correctly for the mtf TMA's. At the mo, it confirms a buy when the market gets to the lower line of either tf, not the lower of the H1 or Upper H4. I have to go out for a bit now, but will fix this in a couple of yours.


I typed that last paragraph and then realised that I still could not make any sense of what you are saying. Then I realised you are actually describing two retrace scenarios. For the buy trade:

• - Scenario 1): market hits the bottom H1 TMA, so it has retraced and we can wait for it to reach the 5.1 on its way back up.
  - Scenario 2: market has reached the upper H4 TMA band and so has risen a long way. It needs to fall back below the 5.1 before it can be considered to have retraced sufficiently to be tradable.

Yes?

[phil_trade]

Phil, incorrect.

a buy trade need to wait first to hit LOWER H1 TMA or upper H4 TMA
and only after this to cross descending 5.1 MA's

a sell trade need to wait first to hit UPPER H1 TMA or lower H4 TMA
and only after this to cross ascending 5.1 MA's

Please see bold bits. If price is at the opposite H1 OR H4 TMA band it is still counted as being 'retraced' especially so to the H4.

Steve - you are a legend! This is a fantastic toy to play with.. I'm gonna have so much fun with this one. I can't believe you hooked this up so quick. Guys I hope you all understand what a gun Steve is with coding - this EA is THE SHIT!

OK. So what I read in code, Steve, is that you dont' check MA crossing AFTER TMA Hit
and you use the same function TmaTrueFilter so you akways check TMA H1 or H4 > Upper or TMA H1 or H4 < Lower

[SteveHopwood]

Steve - just to confirm, when I choose the Multi TF TMA it can (for example, short) be at the top of H1 tma OR H4. It doesn't require them to BOTH be at the top, correct?

It didn't, but it does now. Either H1 OR H4 will do the job.

V 1c; post 1.

[Jemook]

Ok so I just launched my first test batch for fun, woohoo! However, it says AUDUSD is TMA = buy but price is at the top TMA on H1 and H4 and it should be at the bottom TMA band. Looks like a whoopsie Steve? What do you reckon.

[phil_trade]

Ok so I just launched my first test batch for fun, woohoo! However, it says AUDUSD is TMA = buy but price is at the top TMA on H1 and H4 and it should be at the bottom TMA band. Looks like a whoopsie Steve? What do you reckon.

All is correct at home : same trade possible with V1,V1b and V1c
only sell GBPJPY and sell GBPUSD

do you confirm Steve analyse Jemook :

For the buy trade:
- Scenario 1): market hits the bottom H1 TMA, so it has retraced and we can wait for it to reach the 5.1 on its way back up.
- Scenario 2: market has reached the upper H4 TMA band and so has risen a long way. It needs to fall back below the 5.1 before it can be considered to have retraced sufficiently to be tradable.

[Jemook]

Ok so I just launched my first test batch for fun, woohoo! However, it says AUDUSD is TMA = buy but price is at the top TMA on H1 and H4 and it should be at the bottom TMA band. Looks like a whoopsie Steve? What do you reckon.

All is correct at home : same trade possible with V1,V1b and V1c
only sell GBPJPY and sell GBPUSD

do you confirm Steve analyse Jemook :

For the buy trade:
- Scenario 1): market hits the bottom H1 TMA, so it has retraced and we can wait for it to reach the 5.1 on its way back up.
- Scenario 2: market has reached the upper H4 TMA band and so has risen a long way. It needs to fall back below the 5.1 before it can be considered to have retraced sufficiently to be tradable.

Yes Scenario 1 is for a BUY price needs to be at the BOTTOM H1 or H4 TMA.
Scenario 2 is for a SELL price needs to be at the TOP H1 or H4 TMA.

[phil_trade]

Ok so I just launched my first test batch for fun, woohoo! However, it says AUDUSD is TMA = buy but price is at the top TMA on H1 and H4 and it should be at the bottom TMA band. Looks like a whoopsie Steve? What do you reckon.

All is correct at home : same trade possible with V1,V1b and V1c
only sell GBPJPY and sell GBPUSD

do you confirm Steve analyse Jemook :

For the buy trade:
- Scenario 1): market hits the bottom H1 TMA, so it has retraced and we can wait for it to reach the 5.1 on its way back up.
- Scenario 2: market has reached the upper H4 TMA band and so has risen a long way. It needs to fall back below the 5.1 before it can be considered to have retraced sufficiently to be tradable.

Yes Scenario 1 is for a BUY price needs to be at the BOTTOM H1 or H4 TMA.
Scenario 2 is for a SELL price needs to be at the TOP H1 or H4 TMA.

oupps.. Steve talk about 2 BUY scenarios !

[Jemook]

Read this

- H1 and/or H4: looks for a touch/break of the lower Tma True (not to be confused with the 10.2 Tma Slope) lower line for a buy trade, upper line for a sell - at any time within about the last 8 hours. This confirms a retrace has taken place and we are not trading on the wrong side of it.