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EUR/GBP Trendmagic System

  • #61
  • May 30, 2009 8:26am May 30, 2009 8:26am
The bottom bar indicator seems interesting as a composite of the TM, LRSI and BBMACD.

It would be useful if you could post it with your version of the TM.

Thanks
Pardy
  • #62
  • May 30, 2009 8:54am May 30, 2009 8:54am
Thanks Anne! I too have been following the forums and trying system after system. I find few that show any consistant results. This one seems to be different, true we have only just begun and the markets have been trending, but if we just use in trending markets, thats fine with me. I can sit out when it ranges. I will experiement with the ADX and see if it helps filter out those ranign times. I will continue to follow and post here. I picked up some great pips this week and hope it continues into next week and weeks to come.

Bill

Quoting TudorGirl
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,...
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  • #63
  • May 30, 2009 8:56am May 30, 2009 8:56am
Thanks for the reply Anne. I thought that might be what the bottom indicator is. and it does seem to do a good job and eliminating some the small reverses. I will be following your progress with this. WIll be a great indicator, hope you will be sharing the completed version. I am not much for EAs, I like to place the trades by hand, but I like a nice indicator that helps those deicisions.

Hope you have a great weekend!

Bill

Quoting TudorGirl
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,...
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  • #64
  • May 30, 2009 10:43am May 30, 2009 10:43am
TudorGirl:
Thanks for working on this. I like your bar indy that combines the indies all into one. The Vantage sytem http://www.forexfactory.com/showthread.php?t=165885 has such an indy and its helpful even though its good to see the individual indies as well.

This method is so simple the individual indies may not be required to trade confidently.

Hoping you will you provide your indy as part of this thread.

Thanks,
Steve
  • #65
  • May 30, 2009 11:59am May 30, 2009 11:59am
Hi everyone from Toledo Ohio

N
  • #66
  • May 31, 2009 2:13pm May 31, 2009 2:13pm
Hi All

Well, there's good news and bad news! The good news is that the system backtests well in an EA.

(A while ago I wrote a really comprehensive EA in modular form with full trade management, spread/slippage control, automated trailing stop control, money management ranging from fixed lot through to Archimedean Copula, etc etc, some 6600 lines of code. Being modular, I can drop in any strategy is a few minutes and test it. Please don't ask me to post this EA. It is my baby!)

Attached the results of trading the GBPJPY with our system over the last 27 months on the H1 starting with a $10K account. Profitable yes. But one hell of a roller-coaster ride! (That's the bad news!)

Anyone got the stomach for this?

Anne
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY1.gif Size: 9 KB
Click to Enlarge Name: GBPJPY2.gif Size: 8 KB
  • #67
  • May 31, 2009 2:15pm May 31, 2009 2:15pm
TudorGirl : what is the time period for this system ?
  • #68
  • May 31, 2009 2:43pm May 31, 2009 2:43pm
Quoting crisis
TudorGirl : what is the time period for this system ?
Paulus originally said M5. But I use H1.

TG
  • #69
  • May 31, 2009 2:56pm May 31, 2009 2:56pm
I think thats a very good result, bearing in mind market conditions change, so u'd be adapting ure strategies anyway.

Very clever to create that kind of EA, TG. I read somewhere someone mentioning that as an idea, wishing there was just such an EA available.

We'll just have to send our strategies to you, haha.

Hope u'll post ure composite bar indi tho'.

regards
Pardy
  • #70
  • May 31, 2009 6:09pm May 31, 2009 6:09pm
Thanks for all the hard work TudoGirl. I look forward to the EA. I was wondering if you have tried the EA backtest on any other pairs? If you got results like that on a volatile pair like GBP/JPY, I can only imagine the results from calmer pairs. Keep up the good work.
Pips are like cabbage, the green ones are the tastiest!
  • #71
  • Jun 1, 2009 1:48am Jun 1, 2009 1:48am
Quoting cabbagepicker
Thanks for all the hard work TudoGirl. I look forward to the EA. I was wondering if you have tried the EA backtest on any other pairs? If you got results like that on a volatile pair like GBP/JPY, I can only imagine the results from calmer pairs. Keep up the good work.
Hi,

Give me an example of what you consider a "calm" pair and I will test it.

Anne
  • #72
  • Jun 1, 2009 9:35am Jun 1, 2009 9:35am
Wow. This stuff works. My first 300 pip 5m trade every. See chart showing tp at top prior to being hit; set a 300 pip target at 158.13 as it approached 158.00 and it got hit. I didn't get up early enough to enter at the correct signal or would have pipped more.

My Euro/Gbp short signaled and is slow but starting to pip now.

I knew there's some way to trade with less indicators. The 2 indicators required for this method are brilliant. others shown are not required...just additional confirmation and sometimes additional confusion.

Thanks Paulus for brilliant method. Good trading to you.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-06-01 gj long.png Size: 27 KB
  • #73
  • Edited 4:21pm Jun 1, 2009 12:00pm | Edited 4:21pm
Quoting TudorGirl
Hi,

Give me an example of what you consider a "calm" pair and I will test it.

Anne
After comparing many pairs in H1 timeframe I think GBP/JPY is not so bad afterall. I should look before I speak.
Attached Image (click to enlarge)
Click to Enlarge Name: tm gbpjpy 6-1-09.gif Size: 10 KB
Pips are like cabbage, the green ones are the tastiest!
  • #74
  • Jun 1, 2009 12:02pm Jun 1, 2009 12:02pm
another pair. This is a great system.
Attached Image (click to enlarge)
Click to Enlarge Name: tm eurgbp 6-1-09.gif Size: 11 KB
Pips are like cabbage, the green ones are the tastiest!
  • #75
  • Jun 1, 2009 6:35pm Jun 1, 2009 6:35pm
Forgive me if this has already been answered...

1) Do we enter/exit at the close of a candle, or is it immediately whenever the indicators are in alignment?

2) Do Trendmagic, BB_MACD or Laguerre repaint?

Many thanks!
Bob
  • #76
  • Edited 6:54pm Jun 1, 2009 6:39pm | Edited 6:54pm
Yup - It's hard to find nicer looking charts. What could be cleaner and easier to trade than this....

Could that be a 1400 pip long I see....

Anne
Attached Image (click to enlarge)
Click to Enlarge Name: paulus2.jpg Size: 136 KB
Attached File(s)
File Type: zip paulus2.zip   57 KB | 3,277 downloads
  • #77
  • Jun 1, 2009 6:58pm Jun 1, 2009 6:58pm
Quoting stevewide
Wow. This stuff works.

....

I knew there's some way to trade with less indicators. The 2 indicators required for this method are brilliant. others shown are not required...just additional confirmation and sometimes additional confusion.

Steve
I agree with Steve. Don't bother with any other indicators besides MagicT, BB MACD (and LRSI if you want some extra comfort). That's all you need.

I have rolled mine into one indy (coloured bars) and just put the others on for demo purposes. This system works great on M5 thru to H4. (My chart in the previous post is H4.)

Anne
  • #78
  • Jun 1, 2009 7:51pm Jun 1, 2009 7:51pm
Here's a pic of my new chart profile for 8 pairs. My thoughts are to watch for 5m and 1h indicators to line up; then go to the 1m for entry which usually has already happened. It may be too busy for me but I'm trying it.

See the 1h and 5m Uj chart at bottom right. They line up. I waited on 1m for a slight pullback to enter short but it never happened. It just went sideways so I entered on first breakout short, moving sl=b/e at 15 pips and added a 10 pip trailing stop at 1h support at 96.25 for 20 pips just now.

3 nice wins today for having to leave several hours so very pleased with this method after a week.

Would like an alert when the 5m aligns with the 1h...hint, hint.

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: profile of 8 pairs.gif Size: 148 KB
  • #79
  • Jun 1, 2009 8:30pm Jun 1, 2009 8:30pm
Hi Anne!

I have been using the ADX for trend determination and it looks like a pretty good indicator. I was wondering if you might want to include that in your test and only trade those where ADX is 40+ this might smooth out the profit curve. Your thoughts?

Bill
SirWolf


Quoting TudorGirl
Hi All

Well, there's good news and bad news! The good news is that the system backtests well in an EA.

(A while ago I wrote a really comprehensive EA in modular form with full trade management, spread/slippage control, automated trailing stop control, money management ranging from fixed lot through to Archimedean Copula, etc etc, some 6600 lines of code. Being modular, I can drop in any strategy is a few minutes and test it. Please don't ask me to post this EA. It is my baby!)

Attached the results of trading the GBPJPY with our system over...
Believe and Achieve!
  • #80
  • Jun 1, 2009 8:34pm Jun 1, 2009 8:34pm
Anne,

What a nice clean chart - and effective. Will you be sharing this combined indicator? Much nicer!

Quoting TudorGirl
Yup - It's hard to find nicer looking charts. What could be cleaner and easier to trade than this....

Could that be a 1400 pip long I see....

Anne
Believe and Achieve!
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