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EUR/GBP Trendmagic System

  • #41
  • May 28, 2009 9:05pm May 28, 2009 9:05pm
made 50 pips today on Eu/Gu using this method. Nice method. Look forward to hearing more.

Steve
  • #42
  • May 28, 2009 9:31pm May 28, 2009 9:31pm
Quoting stevewide
made 50 pips today on Eu/Gu using this method. Nice method. Look forward to hearing more.

Steve
Same for me. I am using 1HR TF Used it on the GBPUSD too - +28 pips so far. Both LIVE Also testing the EURUSD

BTW, can anyone add an email alert for when the TrandMagic changes color? I cannot watch my screen as I work full time.
Believe and Achieve!
  • #43
  • May 28, 2009 9:46pm May 28, 2009 9:46pm
Just curious, can someone tell me exactly how TrendMagic identifies a trend? I cannot tell by looking at the code. Thank you!

SirWolf

Quoting Paulus
Me again

EURGBP as it tends to trend better than most

Identify a trend and enter.. close when the trend is burning out

Object - try to catch a nice big move whilst keeping losers small
Aim - Once you caught the big fish pack your gear up and go home

Time frame 5 min

Indicators used 2

Trend Magic
BB MACd CCT

0-midnight blue
1-red
2 and 3 - none

Inputs 144..233..21 on 5 min time frame yep you guessed it Fib numbers
StDv 1.1

Entry

Chart pane + BB MACD match in colour
Enter

Exit - trend magic goes red ..exit with loss...
Believe and Achieve!
  • #44
  • May 29, 2009 1:00am May 29, 2009 1:00am
Hi All

Trendmagic is dead simple. It just calculates a (by default) 50-bar CCI and looks to see if it is above/below zero. Then it adds or subtracts a (by default) 5-bar ATR. That's all!! But it works really well.

When I tidied up the code and made the CCI/ATR parameters adjustable, I tried different values. DON'T CHANGE THEM! Whoever designed the indy originally got it bang on. The default settings are the best on all TF's!!

Anne
  • #45
  • May 29, 2009 1:14am May 29, 2009 1:14am
Email notification is a great idea for Trend Magic. iIwould like to use it on H1 timeframe also, but can not be in front of the computer all day either. Any programers willing to help would be greatly appreciated.
Pips are like cabbage, the green ones are the tastiest!
  • #46
  • May 29, 2009 1:27am May 29, 2009 1:27am
Quoting TudorGirl
Hi All

Trendmagic is dead simple. It just calculates a (by default) 50-bar CCI and looks to see if it is above/below zero. Then it adds or subtracts a (by default) 5-bar ATR. That's all!! But it works really well.

When I tidied up the code and made the CCI/ATR parameters adjustable, I tried different values. DON'T CHANGE THEM! Whoever designed the indy originally got it bang on. The default settings are the best on all TF's!!

Anne
Just going on from my last post, the same comments apply to the BB MACD as well. I wrote an automated tester to call the indy's on different TFs to see if I could optimise the settings.

Paulus has (surprise, surprise!) got them right! Keep the BB MACD set to (144,233) and leave the TrendMagic on Default. If you mess with them you will find that ANY OTHER SETTINGS ARE WORSE!!

Regards Paulus' modification when he added the ForexFreedom bars -- I have abandoned these as if you look at the code, they just compute the CCI as well so you get no new info. I am running Paulus' original system as per Post #1 with only one change.

My only change is the addition of the LRSI which gives 1 or 2 bars advance warning of when the BB MACD/TrendMagic will change. This is really useful if you can't watch the screen all the time.

If this system looks as good as it promises, I will write a complete EA to trade it in the next few weeks (if I get time off from the slave market...).

Anne
  • #47
  • May 29, 2009 3:28am May 29, 2009 3:28am
Quoting TudorGirl
Just going on from my last post, the same comments apply to the BB MACD as well. I wrote an automated tester to call the indy's on different TFs to see if I could optimise the settings.

Paulus has (surprise, surprise!) got them right! Keep the BB MACD set to (144,233) and leave the TrendMagic on Default. If you mess with them you will find that ANY OTHER SETTINGS ARE WORSE!!

Regards Paulus' modification when he added the ForexFreedom bars -- I have abandoned these as if you look at the code, they just compute the CCI as well so you get no new...
Hi Anne,

You are one smart cookie!

Glad you are on this thread. Thanks for sharing your ideas.

Just to show how unsmart I am.... what is this LSRI you mentioned?

Is it an indicator?

Tony
  • #48
  • May 29, 2009 4:11am May 29, 2009 4:11am
Quoting TudorGirl
Just going on from my last post, the same comments apply to the BB MACD as well. I wrote an automated tester to call the indy's on different TFs to see if I could optimise the settings.

Paulus has (surprise, surprise!) got them right! Keep the BB MACD set to (144,233) and leave the TrendMagic on Default. If you mess with them you will find that ANY OTHER SETTINGS ARE WORSE!!

Regards Paulus' modification when he added the ForexFreedom bars -- I have abandoned these as if you look at the code, they just compute the CCI as well so you get no new...
I'm unpatienly waiting for your post of the complete EA I tried to do it but I can't figure out how to modify the indicator so it allows automatic trading and/or alerts/emails notifications.
If your coffee smiles at you - smile it back
  • #49
  • May 29, 2009 5:16am May 29, 2009 5:16am
Thanks TudorGirl!

SO far I like how it works. Picked up another 150 pips overnight. I sure hope it continues

Quoting TudorGirl
Hi All

Trendmagic is dead simple. It just calculates a (by default) 50-bar CCI and looks to see if it is above/below zero. Then it adds or subtracts a (by default) 5-bar ATR. That's all!! But it works really well.

When I tidied up the code and made the CCI/ATR parameters adjustable, I tried different values. DON'T CHANGE THEM! Whoever designed the indy originally got it bang on. The default settings are the best on all TF's!!

Anne
Believe and Achieve!
  • #50
  • May 29, 2009 5:19am May 29, 2009 5:19am
TudorGirl,

Are you using the 1 HR TF? That is what I am using. I am also using the Laguerre for a "warm fuzzy" on entry.

SirWolf

Quoting TudorGirl
Just going on from my last post, the same comments apply to the BB MACD as well. I wrote an automated tester to call the indy's on different TFs to see if I could optimise the settings.

Paulus has (surprise, surprise!) got them right! Keep the BB MACD set to (144,233) and leave the TrendMagic on Default. If you mess with them you will find that ANY OTHER SETTINGS ARE WORSE!!

Regards Paulus' modification when he added the ForexFreedom bars -- I have abandoned these as if you look at the code, they just compute the CCI as well so you get no new...
Believe and Achieve!
  • #51
  • May 29, 2009 11:34am May 29, 2009 11:34am
missed Eur/Gbp trades during NY am session; would have been a quick 50 pips long, then another 50 pips short.

Shucks.

steve
  • #52
  • May 29, 2009 4:34pm May 29, 2009 4:34pm
Quoting adsanders
Hi Anne,

You are one smart cookie!

Glad you are on this thread. Thanks for sharing your ideas.

Just to show how unsmart I am.... what is this LSRI you mentioned?

Is it an indicator?

Tony

Hi Tony

LRSI is the "Laguerre RSI". Please see posts 23, 25 and 28 on this thread for more info. The indy is attached to post #28 and is called "Laguerre.ex4".

Note that the default setting is 0.7. We want 0.75 - this makes a difference!

The way the Laguerre filter works is quite complicated. It is often called a "time warping" filter as it messes around with the X-axis (time) by manipulating the difference between the group-delay and the phase-delay of the filter. Suffice to say that it filters with almost no lag, which is great for timing entries/exits.

Anne
  • #53
  • May 29, 2009 4:46pm May 29, 2009 4:46pm
Quoting sirwolf
TudorGirl,

Are you using the 1 HR TF? That is what I am using. I am also using the Laguerre for a "warm fuzzy" on entry.

SirWolf
Hi SirWolf

Although Paulus designed this system originally for the M5, I prefer the H1 timeframe. I generally use H1 but occasionally use M30 to get a slightly quicker entry/exit. I don't think it makes much difference.

I have found the BB-MACD and the TrendMagic change colour at exactly the same bar for a good entry. But the LRSI can go up thru 0.15 (or down thru 0.85) one or even two bars earlier giving a useful "heads up".

It would be trivial to automate this to send an email (or SMS text alert) using the MT terminal email facility. But I quite fancy trying an EA as some of the best entries/exits occur when I am asleep!!

As I said earlier, as/when I get some uninterrupted "quality time" I will put one together. We have only been running this system a few days and I want to get a bit more experience with it before I spend a lot of time on the code.

Anne
  • #54
  • May 29, 2009 5:21pm May 29, 2009 5:21pm
Hi

Attached is a chart of the first moves towards rolling all the indicators into one for the EA.

Looks like there could be some serious pippage here...

Anne

P.S. Have attached a zip of the image in higher resolution so you can see the detail more easily.
Attached Image (click to enlarge)
Click to Enlarge Name: paulus1.jpg Size: 137 KB
Attached File(s)
File Type: zip paulus1.zip   61 KB | 2,955 downloads
  • #55
  • May 29, 2009 6:10pm May 29, 2009 6:10pm
Nice work Tudor looks pretty neat!
  • #56
  • May 29, 2009 8:58pm May 29, 2009 8:58pm
Quoting TudorGirl
Hi Tony

LRSI is the "Laguerre RSI". Please see posts 23, 25 and 28 on this thread for more info. The indy is attached to post #28 and is called "Laguerre.ex4".

Note that the default setting is 0.7. We want 0.75 - this makes a difference!

The way the Laguerre filter works is quite complicated. It is often called a "time warping" filter as it messes around with the X-axis (time) by manipulating the difference between the group-delay and the phase-delay of the filter. Suffice to say that it filters with almost no lag, which is great for...
Thanks Anne!
  • #57
  • May 29, 2009 11:33pm May 29, 2009 11:33pm
Thanks TudorGirl. Can you explain exactly what we are seeing and how it is used? It has only been a couple of days, but I love this system so far. I was thinking of using the ToR indicator to determine if a given pair was Trending or Ranging and only use if pair is trending. Your thoughts?

SirWolf

Quoting TudorGirl
Hi

Attached is a chart of the first moves towards rolling all the indicators into one for the EA.

Looks like there could be some serious pippage here...

Anne

P.S. Have attached a zip of the image in higher resolution so you can see the detail more easily.
Believe and Achieve!
  • #58
  • May 30, 2009 5:26am May 30, 2009 5:26am
Hi guys just come across this thread and it seems very interesting.
I have setup on my charts to test it next week. I have been using robots lately and they are just a waste of time. Every time they end up in large draw downs! Would be just as well to toss a coin for a long or short!!!!
So i will test this and see how it goes!
Cheers All
Ian
  • #59
  • May 30, 2009 5:28am May 30, 2009 5:28am
Quoting sirwolf
Thanks TudorGirl. Can you explain exactly what we are seeing and how it is used? It has only been a couple of days, but I love this system so far. I was thinking of using the ToR indicator to determine if a given pair was Trending or Ranging and only use if pair is trending. Your thoughts?

SirWolf
Hi SirWolf

This system is great in trends but, like everything else, rather weaker in ranging markets. Even so, I have found that even "failed" trades tend to break roughly even, which is fine IMHO.

But you are right - anything that helps spot the trend would add another level of filtering to the system. The ToR indy is MTF ADX based so might yield additional information.

Please try it and post your findings back to this forum. If it looks like it really helps, we might include it in the eventual EA.

-------

On a more general point, I have only been in FX for around a year. I have read a LOT and posted little. I have read almost everything worth reading on FF and tried all the newbie systems, MA crossovers, Stochastics, etc etc etc and found - like everyone else - that they don't work.

This system we have here is the first one I have found that really looks like it has potential. But I have been frequently disappointed so I am proceeding with "cautious optimism" at the moment.

Anne
  • #60
  • May 30, 2009 5:36am May 30, 2009 5:36am
Hi SirWolf

To answer your other question, the chart in Post #54 shows two indicators. The top panel is my own version of the TrendMagic indy.

The lower panel shows an indy that rolls in together the information from the TrendMagic, BB MACD, and LRSI.

Note that the TrendMagic alone happily indicates longs and shorts. But the overall long-term trend here is UP so the shorts are break-even at best.

Now note that the lower indy shows nice long blocks of BLUE (long) whereas the shorts (RED) and broken up with a lot of YELLOW (warning) bars. Ultimately, the system will only use the lower indy as all the information in this system is in the 3 bar colours.

Anne
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