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TMA_CG: EA to buy at support & sell at resistance
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3372		 Page 24 of 30
Author:  milanese [ Fri Jan 24, 2014 10:48 pm ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
bazze » Fri Jan 24, 2014 10:46 pm wrote:Ok,thanks...Can I do the same with the "missing" indi?
no this one you should place in the indicator folder ;)

Cheers :)

Tommaso
Author:  bazze [ Fri Jan 24, 2014 11:04 pm ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
Ok,but I can't find it here? Have browsed after it,but no luck....Does somebody have it?
Author:  forextra [ Sat Jan 25, 2014 3:56 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
Hi Dudest
Here is an observation that has caught my eye!
Trading the currencies. I have only checked this on 15m charts
ONLY TRADE IN THE DIRECTION OF THE SLOPE OF THE MIDDLE BAND.
FOR A SELL
Slope of Middle Band must be <0. The setup is when the 15 m candle closes above the Upper Band. We enter on the next break below the Upper Band (back into the channel). TP is when the BID touches or goes below the MIDDLE BAND

FOR A BUY
Slope of Middle Band must be >0. The setup is when the 15 m candle closes below the Lower Band. We enter on the next break above the Upper Band (back into the channel). TP is when the ASK touches or goes above the MIDDLE BAND.
20 pip SL would seem sufficient in most cases.
Author:  AnotherBrian [ Sat Jan 25, 2014 4:34 am ]
Post subject:  Here comes the support, and the demand!
I finally woke up and went to the weekly round-up and subscribed. Supply/Demand is the game is choose. Thanks for sticking that note in their Steve, would not have found this little cave.

Well I've been quietly trying to solve other EA blow-ups in the background, dudest has been working on an EA I've thinking about for some time. I tried this a few years ago and couldn't wrap my head around the code. Happy to be here. Good brain food.

First step, demo, watch it and learn it.

Do we have any demo's running on MyFxBook open to view?
Author:  forextra [ Sat Jan 25, 2014 4:46 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
forextra » Sat Jan 25, 2014 11:56 am wrote:Hi Dudest
Here is an observation that has caught my eye!
Trading the currencies. I have only checked this on 15m charts
ONLY TRADE IN THE DIRECTION OF THE SLOPE OF THE MIDDLE BAND.
FOR A SELL
Slope of Middle Band must be <0. The setup is when the 15 m candle closes above the Upper Band. We enter on the next break below the Upper Band (back into the channel). TP is when the BID touches or goes below the MIDDLE BAND

FOR A BUY
Slope of Middle Band must be >0. The setup is when the 15 m candle closes below the Lower Band. We enter on the next break above the Upper Band (back into the channel). TP is when the ASK touches or goes above the MIDDLE BAND.
20 pip SL would seem sufficient in most cases.
My coding skills are not sufficient to adapt one of the existing EA's although I'm trying a hack around of sorts. And I don't how to best calculate the slope of the Middle Band.
However, just grab a random pair and have look. I grabbed NZDCHF at random and went back to Jan 1 this year. Only 15 trades but all were winners. And only averaged 22 pips (allowing 2 pip spread). But multiply that be 28 pairs and worth thinking about.
Food for thought as and add on for this overall impressive strategy.
Author:  spotdespot [ Sat Jan 25, 2014 8:46 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
forextra » Sat Jan 25, 2014 5:46 am wrote:
forextra » Sat Jan 25, 2014 11:56 am wrote:Hi Dudest
Here is an observation that has caught my eye!
Trading the currencies. I have only checked this on 15m charts
ONLY TRADE IN THE DIRECTION OF THE SLOPE OF THE MIDDLE BAND.
FOR A SELL
Slope of Middle Band must be <0. The setup is when the 15 m candle closes above the Upper Band. We enter on the next break below the Upper Band (back into the channel). TP is when the BID touches or goes below the MIDDLE BAND

FOR A BUY
Slope of Middle Band must be >0. The setup is when the 15 m candle closes below the Lower Band. We enter on the next break above the Upper Band (back into the channel). TP is when the ASK touches or goes above the MIDDLE BAND.
20 pip SL would seem sufficient in most cases.
My coding skills are not sufficient to adapt one of the existing EA's although I'm trying a hack around of sorts. And I don't how to best calculate the slope of the Middle Band.
However, just grab a random pair and have look. I grabbed NZDCHF at random and went back to Jan 1 this year. Only 15 trades but all were winners. And only averaged 22 pips (allowing 2 pip spread). But multiply that be 28 pairs and worth thinking about.
Food for thought as and add on for this overall impressive strategy.
Sorry forextra but I am pretty sure this won't work. It looks great in visual backtest but the reality is that TMA-CG repaints quite considerably, so essentially the slope of the middle band will change AFTER you have taken a trade based on its slope. For the purposes of dudest's EA/system this doesn't matter as much as we are only interested in the location of the outer bands, even though they also move (repaint).
Author:  SpiderX [ Sat Jan 25, 2014 9:46 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
Hi,

I have managed to create a non-repainting version which we can see how TMA-CG really works.
Crosses do not repaint, but the band repaint.
I was only able to get this picture by running a backtest in visual mode with the indicator on.
It is obvious how much the indicator repaints with this.
Still the same definition as TMACGKumo..... (blue in center is bullish, yellow in center sideways, red in center is bearish)
So is this indicator still useful live ?
Leave this for everyone to decide, but highly doubt it.

Cheers
Author:  forextra [ Sat Jan 25, 2014 9:47 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
spotdespot » Sat Jan 25, 2014 4:46 pm wrote:
Sorry forextra but I am pretty sure this won't work. It looks great in visual backtest but the reality is that TMA-CG repaints quite considerably, so essentially the slope of the middle band will change AFTER you have taken a trade based on its slope. For the purposes of dudest's EA/system this doesn't matter as much as we are only interested in the location of the outer bands, even though they also move (repaint).
Yeh - I was always concerned about repainting but more so at the outer bands for checking for a close outside.
However, for the Middle Band, is it possible to look back X number of candles to ensure the slope is in the required direction? It doesn't look like it changes direction frequently once the direction is established.
Author:  bazze [ Sat Jan 25, 2014 11:32 am ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
milanese » Fri Jan 24, 2014 11:48 pm wrote:
bazze » Fri Jan 24, 2014 10:46 pm wrote:Ok,thanks...Can I do the same with the "missing" indi?
no this one you should place in the indicator folder ;)

Cheers :)

Tommaso

Tommaso,do you have this indi?
Author:  pete14 [ Sat Jan 25, 2014 12:47 pm ]
Post subject:  Re: TMA_CG: EA to buy at support & sell at resistance
SpiderX » Sat Jan 25, 2014 10:46 am wrote:Hi,

I have managed to create a non-repainting version which we can see how TMA-CG really works.
Crosses do not repaint, but the band repaint.
I was only able to get this picture by running a backtest in visual mode with the indicator on.
It is obvious how much the indicator repaints with this.
Still the same definition as TMACGKumo..... (blue in center is bullish, yellow in center sideways, red in center is bearish)
So is this indicator still useful live ?
Leave this for everyone to decide, but highly doubt it.

Cheers
Can you post the indi?
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