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10.6 EDSEL
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3259		 Page 171 of 234
Author:  nanningbob [ Sat Mar 22, 2014 2:16 pm ]
Post subject:  10.6 EDSEL
TMA TRUE with distance will not give the same lines as TMA true and FAST ALs if you use the same numbers. However I like the distance function it provides at the end of the lines. This allows me to know how many pips to set my TP. For those that like ratios in trading if the TP line is 70 pips and you want to play SL at 3:1 then you would place your SL 23 pips away. 2.5 = 28 pips and 2.0 = 35 pips. I dont like ratios but some might find this important. Anyway I like the numbers if someone can get it to draw the same difference numbers in FAST ALs or TMA TRUE.
Author:  nanningbob [ Sat Mar 22, 2014 3:00 pm ]
Post subject:  10.6 EDSEL
AL here are the TMA settings for FAST AL that matches my pictures. The purpose of the TMA here is somewhat different than what you were using in your thread. In EDSEL we are looking for a signal that price is beyond or below the line so we can then look for the trade. 60/240 give us the UT/DT/RANGE signal. We keep the 4H dummy lights and possibly change the 1H dummy lights to show us UT/DT/RANGE. The 1H would be based on a weekly signals and the 4H stays with the monthly signals.

TMA combines with STO7 (set at 10/90) to signal entrances and exits. In a DT we enter sells when it goes above the line and STO 7 signals time to enter. You can also not wait for the STO7 signal by placing trades back inside the line or xxx.000 or xxx.050 nearestabove below the TMA line. Then when price breaks through the other side we look to profit or move our SL/TP up.

When range trading you can trade both ways buys and sells using CSS as your guide to which direction price will most likely run the strongest. For example aud/cad both lines inside the 20's but aud is below 0 and cad above 0 showing that cad will have the strong trade. OR they are angling away from each other so you may only sell the weaker direction.

Anyway here are the experiment TMA lines numbers I will first start testing. Very tight and centered.

extern string TimeFrame = "Current";
extern int TMAPeriod = 10;
extern int Price = PRICE_CLOSE;
extern double ATRMultiplier = 1.0;
extern int ATRPeriod = 100;
extern double TrendThreshold = 0.4;
extern bool ShowCenterLine = false;
Author:  nanningbob [ Sat Mar 22, 2014 3:03 pm ]
Post subject:  10.6 EDSEL
CSS is not working now that the markets are closed so I took it off the screen for now. But here is aud/jpy with EDSEL 2.0 signals and how they play when price goes above 240/60. 1H and 4H charts. CSS reads will be critical in staying in a strong trade and it bothers me that I can get lines during the weekend.

I still dont know what the TMA will look like on a strong run in real time yet so dont get too excited. However in ranging market it is fairly accurate in a back test.

The white arrow are the same time and date for both charts. They are showing the same trade on two different TF.
Author:  nanningbob [ Sat Mar 22, 2014 3:17 pm ]
Post subject:  10.6 EDSEL
I am beginning to feel that the TMA will give us easier and simpler reads to entering trades, especially in a ranging market. If those lines are fairly accurate then they can also be used in a trending market and eliminate the DP line. Our entrances in the correct direction should be better placed and our exit points more clearly marked.

For longer term traders who would like to trade daily charts this 2.0 upgrade works real well. Once a day at the open or near the open place your pendings and walk away. For the long term trader who is patient this can work very well. Also remember the higher the TF the less problems with back testing TMA bands.

This is the aud/jpy sure looks good on a daily. :) Patience is the key here, you are only entering 1-4 times a month.
Author:  nanningbob [ Sat Mar 22, 2014 3:23 pm ]
Post subject:  10.6 EDSEL
DANG!! how about the 30M chart. This allows you to be any kind of trader you want to be.

On the CSS jpy is 0 so its a straight line all the way across weird huh.
Author:  zentauro67 [ Sat Mar 22, 2014 6:18 pm ]
Post subject:  10.6 EDSEL
This thread is burning! Great moments.

I would like to test live this TMAperiod 10, but at first sight looks very interesting, mostly in the daily chart. It worths it to keep the daily band in 4h chart using Timeframe=D1 as Al does.

It could be interesting to rise a little bit the multiplier from 1.0 to 1.2.

It would be great to rebuild the dummie lights indi, create a kind of all-in-one indi for Edsel 2.0 displaying different sets of bands for ranging or trending, muting the DP in ranging, etc. But surely you will need some time to define first clear rules. Watching with great interest. :good:
Author:  alorente [ Sat Mar 22, 2014 7:06 pm ]
Post subject:  10.6 EDSEL
ace81 » Sat Mar 22, 2014 1:19 pm wrote:
alorente » Sat Mar 22, 2014 7:49 pm wrote: Bob, can you please post the TMA true and CSS single pair indis that you show in your chart? I am sure I can find them in previous posts, but I would appreciate it if you post them again for me. Or you can PM them for me if you prefer... I want to test this new system while I trade 10.6 this week. I like it ...

Thanks, friend.
Hi Al

Below are TMA and Two pair css
Thanks Ace. I appreciate it.
Author:  alorente [ Sat Mar 22, 2014 7:14 pm ]
Post subject:  10.6 EDSEL
nanningbob » Sat Mar 22, 2014 3:09 pm wrote:I need to know what some of this stuff means and what it is suppose to do. TMA FAST ALs and TMA TRUE register the same lines on the screen when entered however they have different functions in the code. I feel I understand the other functions so I didnt ask questions about them.

Fast ALs my questions will be in red.

extern string TimeFrame = "Current";
extern int TMAPeriod = 50;
extern int Price = PRICE_CLOSE;
extern double ATRMultiplier = 2.0;
extern int ATRPeriod = 100;
extern double TrendThreshold = 0.4; I dont understand what trend threshold means. What does it do if I change it to 1.0 or 0.1. What is its function??
extern bool ShowCenterLine = false;


extern bool alertsOn = false;
extern bool alertsMessage = false;
extern bool alertsSound = false;
extern bool alertsEmail = false;
extern bool MoveEndpointEveryTick = false;What is the difference between every tick and the other option when it is false. Is it every candle, minute??????????
extern int MaxBarsBack = 5000;

NOW TMA TRUE functions:

extern bool Interpolate = true; What does this do and changing it to false would do what??
extern bool alertsOn = true;
extern bool alertsOnCurrent = true; What does this do and changing it to false would do what??
extern bool alertsOnHighLow = true;What does this do and changing it to false would do what?? I assume this is a break of the high low bands??
extern bool alertsMessage = true;
extern bool alertsSound = false;
extern bool alertsEmail = false;
I don´t know any of them except MoveEndpointEveryTick. Leave this on False or it will update the TMA history on every tick and bring your computer processor to its knees. With this on False, it updates the TMA only at the close of the current bar and it allows your processor to handle multiple TMA´s and charts simultaneously. This is a very important feature.
Author:  alorente [ Sat Mar 22, 2014 7:37 pm ]
Post subject:  10.6 EDSEL
nanningbob » Sat Mar 22, 2014 4:17 pm wrote:I am beginning to feel that the TMA will give us easier and simpler reads to entering trades, especially in a ranging market. If those lines are fairly accurate then they can also be used in a trending market and eliminate the DP line. Our entrances in the correct direction should be better placed and our exit points more clearly marked.

For longer term traders who would like to trade daily charts this 2.0 upgrade works real well. Once a day at the open or near the open place your pendings and walk away. For the long term trader who is patient this can work very well. Also remember the higher the TF the less problems with back testing TMA bands.

This is the aud/jpy sure looks good on a daily. :) Patience is the key here, you are only entering 1-4 times a month.
Bob, I have countless hours of hands on experience with TMA. I can tell you that it is almost infallible in ranging markets. Simply open the trade when price is over the line and crosses it on the way back. On ranging markets, follow the H4 (Magenta) TMA. On trending markets, exit above the top line and reenter long on centerline when TMA is at an angle above 0.20. When the TMA angle is below 0.20 for shorts or -0.20 for longs, the TMA may be changing direction or ranging and price may move to the opposite line on the H4 and the H4 TMA may change direction. How do you know the angle? Use the indi attached and set the inputs to show the different TF angles. On my screen, I show the H1, H4, D1 and W1 angles and set to false the M15.

So for example, if the H4 TMA is at 0.40 and you have exited your long when crossing the top line, wait till price returns to the centerline to reenter the long. You can set centerline to true in the H4 FastLineTMA indi to show the centerline if you need to.

If for example, the H4 TMA is 0.10, wait for price to reach the opposite line before reentering (not centerline). When H4 TMA is between 0.20 and -0.20, the market is ranging and you can trade both directions. Never trade short against the trend if TMA is above 0.20 and never trade long if H4 TMA is below -0.20

This is a brief description of how to trade it. I consider also where H1 and D1 are but H4 is the most important.

I have another indi that gives you distance in pips in real time to each TMA line. Let me know if you find value in it and I will post it.

Let me know if you have questions.
Author:  alorente [ Sat Mar 22, 2014 7:53 pm ]
Post subject:  10.6 EDSEL
nanningbob » Sat Mar 22, 2014 4:00 pm wrote:AL here are the TMA settings for FAST AL that matches my pictures. The purpose of the TMA here is somewhat different than what you were using in your thread. In EDSEL we are looking for a signal that price is beyond or below the line so we can then look for the trade. 60/240 give us the UT/DT/RANGE signal. We keep the 4H dummy lights and possibly change the 1H dummy lights to show us UT/DT/RANGE. The 1H would be based on a weekly signals and the 4H stays with the monthly signals.

TMA combines with STO7 (set at 10/90) to signal entrances and exits. In a DT we enter sells when it goes above the line and STO 7 signals time to enter. You can also not wait for the STO7 signal by placing trades back inside the line or xxx.000 or xxx.050 nearestabove below the TMA line. Then when price breaks through the other side we look to profit or move our SL/TP up.

When range trading you can trade both ways buys and sells using CSS as your guide to which direction price will most likely run the strongest. For example aud/cad both lines inside the 20's but aud is below 0 and cad above 0 showing that cad will have the strong trade. OR they are angling away from each other so you may only sell the weaker direction.

Anyway here are the experiment TMA lines numbers I will first start testing. Very tight and centered.

extern string TimeFrame = "Current";
extern int TMAPeriod = 10;
extern int Price = PRICE_CLOSE;
extern double ATRMultiplier = 1.0;
extern int ATRPeriod = 100;
extern double TrendThreshold = 0.4;
extern bool ShowCenterLine = false;
OK. Sounds good. These settings are totally different to what I am used to (50 period and 2.0 multiplier) but they may be just as valid. I like how tight the lines look to the price bars with the caveat that they may make you exit the trade too early, but I am a scalper, so it will work fine for me... Let see how your testing goes. I will test on my end with these settings also and let you know how I do.

On time frame, if you use MTF, you will have to set the Time Frames to H1, H4, D1 and W1 instead of current, but of course you know that already. I find that having several TMA Time frames on the same screen gives you a clearer picture than having only one.
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