Hi, I am wanting to trade BOTH on short time frames and possibly longer time frames.
I like to trade higher movement pairs like US30, USDMXN, BTCUSD, etc.
I don't want to be overwhelmed by too many signals / too much info. So if I want to trade on the M15, what would be the best settings
for me?
Also, if I would like to trade sometimes on the H1, what settings would work best for the H1?
Thanks!
Hello raiinzen, thank you very much for your interest in our TPA indicator.
As our TPA indicator signals every dominant candle, no matter what timeframe or with or without filters, a huge amount of valuable signals
will occur during your trading day. The smaller the timeframe, the more signals you get.
To avoid overwhelming signals in smaller timeframes, reduction of traded pairs is a good advice. Using filters will avoid getting
literally all signals from all dominant candles in both directions. Now that TPA indicator enables scale in (add up) trades, more profit can
be made with less pairs or instruments. Convergent trading by following the marketmakers candle by candle is a pretty new kind of thinking in
trading and should make trading easier. Easier, because of less instruments to analyse and less chart time.
As M15 is avoiding to much noise, but enables to get in a starting trend early, we choose short-term filter 21 with current timeframe. To not
get exits and counter trend signals to early, one or even two timeframes higher can be used. The smaller the settings, the earlier you get an
exit signal or a counter trend signal. Key is finding balance to get the most out of a move because a late exit eating part of profit.
To catch a trend within a trend of higher timeframes, long-term filter can be added. Also working mtf. Depending on your trading style and
goals, H1 can be traded with short-term filter 8, H1 to get in a trend early and not to get a exit signal to late.
We hope that helps. We will start blog soon where settings and trading ideas will be discussed.
How do you know the indicator is really moving with the market makers?
Isn't it impossible to track them in real-time?
When it comes to trading, no matter what instrument, there are only two participants, the bears (sellers) and the bulls (buyers).
Both are sitting in the big banks and instituions which are called the market makers, because they are driving prices to where they want. Even
all retail traders together do not really affect what`s going on in the markets.
Each and every candle, no matter what timeframe you use, is dominated by the bears OR the bulls, even those with long wicks. A perfect "doji"
would be the only exception.
There is one question every trader must ask himself ALL the time: Who is in
control, the bears or the bulls???
TPA true price action indicator answers this quesition constantly, but is calibrated to signal only those candles, which are really
dominant. Even those, which are indicating a price turn in the opposite direction (arrow).
So TPA true price action is really following the market makers, as it simply follows the winner of the fight between the bears and the bulls.
This is why you are NOW able to scale in (add up trades) when you have several dominant candles in a row into the same direction.
You can call it real time, if you are considering, that a candle, no matter what timeframe, has to be closed, to make a clear statement.
Now, when you following the ascending/descending arrows and dots on your chart, you can clearly see what market makers are doing right now and
track them.
We hope to bring a better understanding of this unique indicator to your trading!!
For the moment im using your indicator as extra confirmation for another indicator, and it is working very well together.
But i see a bigger potential if i use it on the Daily Chart with both short and long with in the option: "false".
I normaly dont trade the Daily, so i would like to ask:
1.) Should i wait for a new candle before entering a trade? That would be around 12:00 pm for me.
2.) The signal/alert for a trade shows up for the prior closed candle, right. When i choose show signal for open candle then it doesnt do it. Can
this be?
For the moment im using your indicator as extra confirmation for another indicator, and it is working very well together.
But i see a bigger potential if i use it on the Daily Chart with both short and long with in the option: "false".
I normaly dont trade the Daily, so i would like to ask:
1.) Should i wait for a new candle before entering a trade? That would be around 12:00 pm for me.
2.) The signal/alert for a trade shows up for the prior closed candle, right. When i choose show signal for open candle then it doesnt do it.
Can this be?
Thank you in advance
Hi vollmerama
We are glad, that you integrated TPA into your existing system and get profitable confirmations !
1.) As market makers revealing their dominant power from a tick chart through all timeframes, you can look at the timeframes like a "gearing
mechanism".
The smaller "gear wheels" driving the bigger ones.
So it is all a matter of time to get in or out of trades. On a daily chart the gearing mechanism takes longer than in a M15 chart for example.
When you get a signal after a closed daily candle and the trend is healthy, you will mostly see price moving in the oposite direction first,
before price moves back into trend direction (building a wick during the new candle).
To time the best entry (without setting a huge stop loss on daily) you could switch to a smaller timeframe (smaller gear wheel) and time the
entry there, with a smaller stop loss.
2.) As TPA is coded to show ONLY signals after closed candles without repainting, redrawing (arrow or dot stays there, even the next candle
makes a huge move into the other direction)
You can choose prices for the short term filter option, which always means, you get signals after the period you set.
All filters off means pure price action produced by the market makers in real time.
If you have a downtrend for example, and your short term filter is on, you should use "price high" to get signals earlier after a pullback. For
uptrend, please use "price low."
Please let us know, if you have more questions, we are glad to help. You can show some screenshots with your trades/signals and we can discuss more.
Could you please explane a bit more about parametr
Period- filter period
What changes if i set more or less number?
I want to try it for gold scalping.
Thank you for your interesting question about using our TPA indicator.
If ALL filters are set to "false", you get literally all TPA signals, the changes of direction, arrow and dot and follow up signals, the dots.
This would be scalping at it's core. Fast trades, getting in and out and scale in trades with our unique indicator.
If you are scalping Gold on a M5 chart for example, you could use only "Short-term filter settings" "true", Time Frame M5, set to a very short
Period of 3, 5 or 8.
Yes you are right, those are fibonacci numbers, which are playing a important role in "time" too. But please try some settings, to see how the
signals appeared in the past.
Short periods, to avoid "to" early exits, but still good scalping. Longer settings, to not scalping, more following a whole move. So, the
shorter the periods, the more early exit signals you get. (Arrow with dot, signaling change of market makers power, may it for one candle
only)
If you identified a uptrend, you could use "Price" LOW, to get in a starting or scale-in-trade earlier, than on "Price" close.
For an identified downtrend, you could use "Price" HIGH, to get the same effect.
Many traders want to use just one setting for every market situation, which is the mainstream thinking.
Different settings for different market situations, is our way of thinking.
If there is no clear trend, not even "ascending" or "descending" dots and arrows, "Price" typical is an option next to "Price" close.
You may know, that "typical" uses the same formula, as for the calculation of "pivot points" is used.
We hope to help with those informations, and would be glad, if you let us know, how scalping on Gold is going. Maybe with a screenshot.
Hi Janusz. I bought your indicator and i have at least 2 doubts about it:
- I want to trade on the pairs EURUSD, GBPUSD and AUDUSD mainly, in TF of 1 hour and less (m15, m30), what would be the best configuration for
each of these pairs, both in TF and in the data that needs to be entered in the indicator.
- What kind of market indicators are the calculations of this indicator?
Finally, apologise for my English and I hope to have many joys with this purchase. Greetings.
Hi Janusz. I bought your indicator and i have at least 2 doubts about it:
- I want to trade on the pairs EURUSD, GBPUSD and AUDUSD mainly, in TF of 1 hour and less (m15, m30), what would be the best configuration
for each of these pairs, both in TF and in the data that needs to be entered in the indicator.
- What kind of market indicators are the calculations of this indicator?
Finally, apologise for my English and I hope to have many joys with this purchase. Greetings.
Ok, first of all: We hope it is only a little "off the track" english, when you say: "I have...doubt about it" :-)
There is no doubt about TPA, because it shows in real time what market makers are doing, so...
To your questions:
1. It depends on your goals during a trading day and your style of trading. That is why our indicator has "short term filter" and "long term
filter"
If you would like to stick very close at the actions of the market makers, you could turn off ALL filters and scalp.
If you would like to stick close at the actions of the market makers, you could use very short periods on the short term filter, like 3,5 or 8.
Please take a look at the above explanations for other clients too. There is always something to gain.
If you would like to catch longer runs on the H1, just use the default settings of 21 and the long term filter of H1 or H4.
The smaller the settings, even the smoothing factor, the earlier you get signals when market turns.
But you have to know, that there is no magic setting for ALL market conditions and you have to use different settings for different
situations.
Very soon we will start our free blog with many examples of this and many screenshots, where you can join if you like. The link will follow. We will
show many insides, many "between the lines" stuff and why it is better to leave the mainstream, while trading.
Until then, please try different settings and check out how your pairs "behave" in different timeframes, sessions and times of the day (night)
in the past. That way, you get very fast a feel how TPA works.
2. There are NO market indicators used for the calculations of our TPA indicator !!
It has only own bar/candles analysis and mathematical computations.
This is not a combination of different existing indicators with settings optimized for specified pairs and timeframes.
Therefore, we do not provide accurate magical settings for each pair separately. We only suggest how to set the indicator for various market
situations.
We do have our "fingers on the pulse of the market makers" to reveal, what exactly they are doing right now and in the long run.
We will soon publish more elements (products) of the TPA system, which will make trading the TPA strategy more effective. Please follow us.
Ok, and for sure, you will have a lot of fun, once you see, how profitable TPA will be, if you pull the trigger when signals appear and using
a good trade management!!!
Thank you very much for your trust in our product !
Ok,
first of all: We hope it is only a little "off the track" english, when you say: "I have...doubt about it" :-)
There
is no doubt about TPA, because it shows in real time what market makers are doing, so...
Jajaja, my
English is a cheap translator, it hasn't given me time to doubt your work. You've answered my "doubts" about how it works.
Be assured that I was very attentive to that blog. Greetings.
Hey, I just purchased your indicator however it is entirely different from others i've purchased as others send the file and you attach... also
there is no manual on how to set this up... can you assist?
Ok, first of all: We hope it is only a little "off the track" english, when you say: "I have...doubt about
it" :-)
There is no doubt about TPA, because it shows in real time what market makers are doing, so...
Jajaja, my English is a cheap translator, it hasn't given me time to doubt your work. You've answered my "doubts"
about how it works.
Be assured that I was very attentive to that blog. Greetings.
Please visit our website (link in the profile) and select "Blog" from main menu. We will publish a lot of detailed information about the TPA
strategy soon and examples of trades with using the TPA indicator with explanations.
Please also follow these comments, where we also provide many advice about TPA trading when we answer the questions.
lelelelouis: Hey, I just purchased your
indicator however it is entirely different from others i've purchased as others send the file and you attach... also there is no manual
on how to set this up... can you assist?
Hello lelelelouis, thank you very much for purchasing our extraordinary TPA indicator !!
As we wrote earlier here in comments, this indicator is not an another kind of combination existing indicators optimized for specified
pairs and timeframes. Therefore we don't send any .set file with magic settings for specified symbols (it doesn't work), but only advices
how to trade with TPA indicator.
You will get all the help you need. Here in the comments, as private message, or in our blog.
Please read TPA description to know how indicator works, and read above comments where you can find very important things too.
Hi! What are the best settings for the 15 min chart please? I think the default ones are the best for this time frame, true? On the other hand, the real
time trading shows us that you never know if the market is trending or not, if we look back at charts yes, it, s easy. In real time a trend can start
at any time, so..we just don,t know in the middle of the trading day how to choose the candle setting, I,d say the close is the most realistic
one. What about the period? 21 is just fine i think if I donțt want toi get an exit signal every to candles : ) What about the smooth factor ?
4xplosion: What are the settings for the Daily
and 4hour timeframes?
Hello 4xplosion, thanks again for your purchase and the good rating, which is very important to us !
You can use the following settings:
For H4 turn on short-term filter and set params: 8, period current (H4) and smoothing factor 4.
Use short-term filter low price in an uptrend and high price in a downtrend.
For daily charts, turn on short-term filter and set its value 5-8 with current period (D1) and smoothing factor 4-3. Long-term filter should
be turned off.
Important to know is THERE IS NO SETTINGS FOR ALL MARKET SITUATIONS, they have to be changed depending on the momentum and session hours.
We usually trade on lower timeframes. Why? Answer in the comments above. Read the section on "gearing mechanism".
Within a few days, we will publish next TPA trading system element "TPA Sessions". You, as our loyal customer, will get it for free. It is worth 40$
and supports TPA trading in a awesome way.
Please give us a few days to prepare our blog on investsoft (link in profile), where we will give you some examples of the Daily and the H4 settings.
Valentin Popa: Hi! What are the best settings
for the 15 min chart please? I think the default ones are the best for this time frame, true? On the other hand, the real time trading shows
us that you never know if the market is trending or not, if we look back at charts yes, it, s easy. In real time a trend can start at any time,
so..we just don,t know in the middle of the trading day how to choose the candle setting, I,d say the close is the most realistic one. What
about the period? 21 is just fine i think if I donțt want toi get an exit signal every to candles : ) What about the smooth factor ?
Hello Valentin, thank you very much for your interest in our TPA indicator.
You are right in all basic aspects of looking at the market and trading it with TPA True Price Action. If anybody of us retail traders could
predict, when exactly a trend starts and how long it lasts, we would be all filthy rich. :-)
This is why we have to watch the asset, we trade, closely to find out if we can identify a tendency of the market makers in a consolidation or flat
phase, by watching the arrows with dots, or just dots, ascending or descending sligthly.
And if there is a clear trend starting (mostly during the London and New York sessions) recognizable be steeper ascending or descending dots,
we choose the setting 21 as default out of experience (for all timeframes). And, as you said, not to get exit signals (change of direction of
the market by arrow with dot) to early.
You could change those settings, to more "speed", to get signals into the other direction earlier, but still no exit signal in the middle of a
healthy trend. So 13, 8 or 5 could be tested with smooth factor 3, to see how your asset triggered signals in the past. The smooth factor is
another help to not get exit signals to early and does what the name says. 4 is default and shows good results, but you can "speed it up" of course
too.
The setting close is always logic and realistic. We often spoke about the tip, to use "high" in a downtrend and "low" in an uptrend, to get
reentry, or scale in entries one or sometimes two candles earlier, to have all advantages to the setting "close"
So please compare the default settings for M15 and a bit faster settings and don't forget: Different market situations require different
TPA settings.
Hello Valentin, thank you very much for your interest in our TPA indicator.
You are right in all basic aspects of looking at the market and trading it with TPA True Price Action. If anybody of us retail traders could
predict, when exactly a trend starts and how long it lasts, we would be all filthy rich. :-)
This is why we have to watch the asset, we trade, closely to find out if we can identify a tendency of the market makers in a consolidation or
flat phase, by watching the arrows with dots, or just dots, ascending or descending sligthly.
And if there is a clear trend starting (mostly during the London and New York sessions) recognizable be steeper ascending or descending
dots, we choose the setting 21 as default out of experience (for all timeframes). And, as you said, not to get exit signals (change of
direction of the market by arrow with dot) to early.
You could change those settings, to more "speed", to get signals into the other direction earlier, but still no exit signal in the middle
of a healthy trend. So 13, 8 or 5 could be tested with smooth factor 3, to see how your asset triggered signals in the past. The smooth factor
is another help to not get exit signals to early and does what the name says. 4 is default and shows good results, but you can "speed it up" of
course too.
The setting close is always logic and realistic. We often spoke about the tip, to use "high" in a downtrend and "low" in an uptrend, to get
reentry, or scale in entries one or sometimes two candles earlier, to have all advantages to the setting "close"
So please compare the default settings for M15 and a bit faster settings and don't forget: Different market situations require
different TPA settings.
Best Regards,
InvestSoft
Hi, after watching your indicator for a few days, I,m using the following settings:
Short term filter true / Long term fals
Close price
For M15 and H1: Smooth factor 3 / Period 8
For H4: Smooth factor 4 / Period 8
Being a day trader I find the best correlation M15 and H1. H4 is too far away to what is happening intraday, M5 - too much noise
Question: What parameters do you use for M15 si H1? I know you change them depending to what you see on charts, but I think this is very subjective,
so..if you'd have to input one group of settings for all situations, what those settings will be?
Hi, I am wanting to trade BOTH on short time frames and possibly longer time frames.
I like to trade higher movement pairs like US30, USDMXN, BTCUSD, etc.
I don't want to be overwhelmed by too many signals / too much info. So if I want to trade on the M15, what would be the best settings for me?
Also, if I would like to trade sometimes on the H1, what settings would work best for the H1?
Thanks!
Hi, I am wanting to trade BOTH on short time frames and possibly longer time frames.
I like to trade higher movement pairs like US30, USDMXN, BTCUSD, etc.
I don't want to be overwhelmed by too many signals / too much info. So if I want to trade on the M15, what would be the best settings for me?
Also, if I would like to trade sometimes on the H1, what settings would work best for the H1?
Thanks!
Hello raiinzen, thank you very much for your interest in our TPA indicator.
As our TPA indicator signals every dominant candle, no matter what timeframe or with or without filters, a huge amount of valuable signals will occur during your trading day. The smaller the timeframe, the more signals you get.
To avoid overwhelming signals in smaller timeframes, reduction of traded pairs is a good advice. Using filters will avoid getting literally all signals from all dominant candles in both directions. Now that TPA indicator enables scale in (add up) trades, more profit can be made with less pairs or instruments. Convergent trading by following the marketmakers candle by candle is a pretty new kind of thinking in trading and should make trading easier. Easier, because of less instruments to analyse and less chart time.
As M15 is avoiding to much noise, but enables to get in a starting trend early, we choose short-term filter 21 with current timeframe. To not get exits and counter trend signals to early, one or even two timeframes higher can be used. The smaller the settings, the earlier you get an exit signal or a counter trend signal. Key is finding balance to get the most out of a move because a late exit eating part of profit.
To catch a trend within a trend of higher timeframes, long-term filter can be added. Also working mtf. Depending on your trading style and goals, H1 can be traded with short-term filter 8, H1 to get in a trend early and not to get a exit signal to late.
We hope that helps. We will start blog soon where settings and trading ideas will be discussed.
We hope to bring a better understanding of this unique indicator to your trading!!
Best Regards,
InvestSoft
Hi,
For the moment im using your indicator as extra confirmation for another indicator, and it is working very well together.
But i see a bigger potential if i use it on the Daily Chart with both short and long with in the option: "false".
I normaly dont trade the Daily, so i would like to ask:
1.) Should i wait for a new candle before entering a trade? That would be around 12:00 pm for me.
2.) The signal/alert for a trade shows up for the prior closed candle, right. When i choose show signal for open candle then it doesnt do it. Can this be?
Thank you in advance
Hi,
For the moment im using your indicator as extra confirmation for another indicator, and it is working very well together.
But i see a bigger potential if i use it on the Daily Chart with both short and long with in the option: "false".
I normaly dont trade the Daily, so i would like to ask:
1.) Should i wait for a new candle before entering a trade? That would be around 12:00 pm for me.
2.) The signal/alert for a trade shows up for the prior closed candle, right. When i choose show signal for open candle then it doesnt do it. Can this be?
Thank you in advance
Hi vollmerama
We are glad, that you integrated TPA into your existing system and get profitable confirmations !
1.) As market makers revealing their dominant power from a tick chart through all timeframes, you can look at the timeframes like a "gearing mechanism".
The smaller "gear wheels" driving the bigger ones.
So it is all a matter of time to get in or out of trades. On a daily chart the gearing mechanism takes longer than in a M15 chart for example.
When you get a signal after a closed daily candle and the trend is healthy, you will mostly see price moving in the oposite direction first, before price moves back into trend direction (building a wick during the new candle).
To time the best entry (without setting a huge stop loss on daily) you could switch to a smaller timeframe (smaller gear wheel) and time the entry there, with a smaller stop loss.
2.) As TPA is coded to show ONLY signals after closed candles without repainting, redrawing (arrow or dot stays there, even the next candle makes a huge move into the other direction)
You can choose prices for the short term filter option, which always means, you get signals after the period you set.
All filters off means pure price action produced by the market makers in real time.
If you have a downtrend for example, and your short term filter is on, you should use "price high" to get signals earlier after a pullback. For uptrend, please use "price low."
Please let us know, if you have more questions, we are glad to help. You can show some screenshots with your trades/signals and we can discuss more.
Best Regards,
InvestSoft
Good day!
Could you please explane a bit more about parametr
Period - filter period
What changes if i set more or less number?
I want to try it for gold scalping.
Good day!
Could you please explane a bit more about parametr
Period - filter period
What changes if i set more or less number?
I want to try it for gold scalping.
Thank you for your interesting question about using our TPA indicator.
If ALL filters are set to "false", you get literally all TPA signals, the changes of direction, arrow and dot and follow up signals, the dots.
This would be scalping at it's core. Fast trades, getting in and out and scale in trades with our unique indicator.
If you are scalping Gold on a M5 chart for example, you could use only "Short-term filter settings" "true", Time Frame M5, set to a very short Period of 3, 5 or 8.
Yes you are right, those are fibonacci numbers, which are playing a important role in "time" too. But please try some settings, to see how the signals appeared in the past.
Short periods, to avoid "to" early exits, but still good scalping. Longer settings, to not scalping, more following a whole move. So, the shorter the periods, the more early exit signals you get. (Arrow with dot, signaling change of market makers power, may it for one candle only)
If you identified a uptrend, you could use "Price" LOW, to get in a starting or scale-in-trade earlier, than on "Price" close.
For an identified downtrend, you could use "Price" HIGH, to get the same effect.
Many traders want to use just one setting for every market situation, which is the mainstream thinking.
Different settings for different market situations, is our way of thinking.
If there is no clear trend, not even "ascending" or "descending" dots and arrows, "Price" typical is an option next to "Price" close.
You may know, that "typical" uses the same formula, as for the calculation of "pivot points" is used.
We hope to help with those informations, and would be glad, if you let us know, how scalping on Gold is going. Maybe with a screenshot.
Hi Janusz. I bought your indicator and i have at least 2 doubts about it:
- I want to trade on the pairs EURUSD, GBPUSD and AUDUSD mainly, in TF of 1 hour and less (m15, m30), what would be the best configuration for each of these pairs, both in TF and in the data that needs to be entered in the indicator.
- What kind of market indicators are the calculations of this indicator?
Finally, apologise for my English and I hope to have many joys with this purchase. Greetings.
Hi Janusz. I bought your indicator and i have at least 2 doubts about it:
- I want to trade on the pairs EURUSD, GBPUSD and AUDUSD mainly, in TF of 1 hour and less (m15, m30), what would be the best configuration for each of these pairs, both in TF and in the data that needs to be entered in the indicator.
- What kind of market indicators are the calculations of this indicator?
Finally, apologise for my English and I hope to have many joys with this purchase. Greetings.
Ok, first of all: We hope it is only a little "off the track" english, when you say: "I have...doubt about it" :-)
There is no doubt about TPA, because it shows in real time what market makers are doing, so...
To your questions:
1. It depends on your goals during a trading day and your style of trading. That is why our indicator has "short term filter" and "long term filter"
If you would like to stick very close at the actions of the market makers, you could turn off ALL filters and scalp.
If you would like to stick close at the actions of the market makers, you could use very short periods on the short term filter, like 3,5 or 8.
Please take a look at the above explanations for other clients too. There is always something to gain.
If you would like to catch longer runs on the H1, just use the default settings of 21 and the long term filter of H1 or H4.
The smaller the settings, even the smoothing factor, the earlier you get signals when market turns.
But you have to know, that there is no magic setting for ALL market conditions and you have to use different settings for different
situations.
Very soon we will start our free blog with many examples of this and many screenshots, where you can join if you like. The link will follow. We will show many insides, many "between the lines" stuff and why it is better to leave the mainstream, while trading.
Until then, please try different settings and check out how your pairs "behave" in different timeframes, sessions and times of the day (night)
in the past. That way, you get very fast a feel how TPA works.
2. There are NO market indicators used for the calculations of our TPA indicator !!
It has only own bar/candles analysis and mathematical computations.
This is not a combination of different existing indicators with settings optimized for specified pairs and timeframes.
Therefore, we do not provide accurate magical settings for each pair separately. We only suggest how to set the indicator for various market situations.
We do have our "fingers on the pulse of the market makers" to reveal, what exactly they are doing right now and in the long run.
We will soon publish more elements (products) of the TPA system, which will make trading the TPA strategy more effective. Please follow us.
Ok, and for sure, you will have a lot of fun, once you see, how profitable TPA will be, if you pull the trigger when signals appear and using a good trade management!!!
Thank you very much for your trust in our product !
Best Regards,
InvestSoft
Ok, first of all: We hope it is only a little "off the track" english, when you say: "I have...doubt about it" :-)
There is no doubt about TPA, because it shows in real time what market makers are doing, so...
Jajaja, my English is a cheap translator, it hasn't given me time to doubt your work. You've answered my "doubts" about how it works.
Be assured that I was very attentive to that blog. Greetings.
Ok, first of all: We hope it is only a little "off the track" english, when you say: "I have...doubt about it" :-)
There is no doubt about TPA, because it shows in real time what market makers are doing, so...
Jajaja, my English is a cheap translator, it hasn't given me time to doubt your work. You've answered my "doubts" about how it works.
Be assured that I was very attentive to that blog. Greetings.
Please visit our website (link in the profile) and select "Blog" from main menu. We will publish a lot of detailed information about the TPA strategy soon and examples of trades with using the TPA indicator with explanations.
Please also follow these comments, where we also provide many advice about TPA trading when we answer the questions.
Hey, I just purchased your indicator however it is entirely different from others i've purchased as others send the file and you attach... also there is no manual on how to set this up... can you assist?
Hello lelelelouis, thank you very much for purchasing our extraordinary TPA indicator !!
As we wrote earlier here in comments, this indicator is not an another kind of combination existing indicators optimized for specified pairs and timeframes. Therefore we don't send any .set file with magic settings for specified symbols (it doesn't work), but only advices how to trade with TPA indicator.
You will get all the help you need. Here in the comments, as private message, or in our blog.
Please read TPA description to know how indicator works, and read above comments where you can find very important things too.
Let us know your specified questions.
Best Regards,
InvestSoft
Hello can you give me the best parametre for binary option
thanks
What are the settings for the Daily and 4hour timeframes?
Hello 4xplosion, thanks again for your purchase and the good rating, which is very important to us !
You can use the following settings:
For H4 turn on short-term filter and set params: 8, period current (H4) and smoothing factor 4.
Use short-term filter low price in an uptrend and high price in a downtrend.
For daily charts, turn on short-term filter and set its value 5-8 with current period (D1) and smoothing factor 4-3. Long-term filter should be turned off.
Important to know is THERE IS NO SETTINGS FOR ALL MARKET SITUATIONS, they have to be changed depending on the momentum and session hours.
We usually trade on lower timeframes. Why? Answer in the comments above. Read the section on "gearing mechanism".
Within a few days, we will publish next TPA trading system element "TPA Sessions". You, as our loyal customer, will get it for free. It is worth 40$ and supports TPA trading in a awesome way.
Please give us a few days to prepare our blog on investsoft (link in profile), where we will give you some examples of the Daily and the H4 settings.
Best Regards,
InvestSoft
Hi! What are the best settings for the 15 min chart please? I think the default ones are the best for this time frame, true? On the other hand, the real time trading shows us that you never know if the market is trending or not, if we look back at charts yes, it, s easy. In real time a trend can start at any time, so..we just don,t know in the middle of the trading day how to choose the candle setting, I,d say the close is the most realistic one. What about the period? 21 is just fine i think if I donțt want toi get an exit signal every to candles : ) What about the smooth factor ?
Hello Valentin, thank you very much for your interest in our TPA indicator.
You are right in all basic aspects of looking at the market and trading it with TPA True Price Action. If anybody of us retail traders could predict, when exactly a trend starts and how long it lasts, we would be all filthy rich. :-)
This is why we have to watch the asset, we trade, closely to find out if we can identify a tendency of the market makers in a consolidation or flat phase, by watching the arrows with dots, or just dots, ascending or descending sligthly.
And if there is a clear trend starting (mostly during the London and New York sessions) recognizable be steeper ascending or descending dots, we choose the setting 21 as default out of experience (for all timeframes). And, as you said, not to get exit signals (change of direction of the market by arrow with dot) to early.
You could change those settings, to more "speed", to get signals into the other direction earlier, but still no exit signal in the middle of a healthy trend. So 13, 8 or 5 could be tested with smooth factor 3, to see how your asset triggered signals in the past. The smooth factor is another help to not get exit signals to early and does what the name says. 4 is default and shows good results, but you can "speed it up" of course too.
The setting close is always logic and realistic. We often spoke about the tip, to use "high" in a downtrend and "low" in an uptrend, to get reentry, or scale in entries one or sometimes two candles earlier, to have all advantages to the setting "close"
So please compare the default settings for M15 and a bit faster settings and don't forget: Different market situations require different TPA settings.
Best Regards,
InvestSoft
Hello can you give me the best parametre for binary option
thanks
Hello inspectah007, thank you very much for your interest in our TPA indicator.
To be able to support you better, please let us know more details about your trading style.
Most of all: What timeframe you are trading in and what expiry time. What assets do you trade and when (sessions: London, New York, ...) ?
That will help us to provide you with the most accurate information about the True Price Action indicator
Best Regards,
InvestSoft
Hello Valentin, thank you very much for your interest in our TPA indicator.
You are right in all basic aspects of looking at the market and trading it with TPA True Price Action. If anybody of us retail traders could predict, when exactly a trend starts and how long it lasts, we would be all filthy rich. :-)
This is why we have to watch the asset, we trade, closely to find out if we can identify a tendency of the market makers in a consolidation or flat phase, by watching the arrows with dots, or just dots, ascending or descending sligthly.
And if there is a clear trend starting (mostly during the London and New York sessions) recognizable be steeper ascending or descending dots, we choose the setting 21 as default out of experience (for all timeframes). And, as you said, not to get exit signals (change of direction of the market by arrow with dot) to early.
You could change those settings, to more "speed", to get signals into the other direction earlier, but still no exit signal in the middle of a healthy trend. So 13, 8 or 5 could be tested with smooth factor 3, to see how your asset triggered signals in the past. The smooth factor is another help to not get exit signals to early and does what the name says. 4 is default and shows good results, but you can "speed it up" of course too.
The setting close is always logic and realistic. We often spoke about the tip, to use "high" in a downtrend and "low" in an uptrend, to get reentry, or scale in entries one or sometimes two candles earlier, to have all advantages to the setting "close"
So please compare the default settings for M15 and a bit faster settings and don't forget: Different market situations require different TPA settings.
Best Regards,
InvestSoft
Hi, after watching your indicator for a few days, I,m using the following settings:
Short term filter true / Long term fals
Close price
For M15 and H1: Smooth factor 3 / Period 8
For H4: Smooth factor 4 / Period 8
Being a day trader I find the best correlation M15 and H1. H4 is too far away to what is happening intraday, M5 - too much noise
Question: What parameters do you use for M15 si H1? I know you change them depending to what you see on charts, but I think this is very subjective, so..if you'd have to input one group of settings for all situations, what those settings will be?