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EUR/GBP Trendmagic System

  • #141
  • Jun 3, 2009 5:44am Jun 3, 2009 5:44am
Quoting TudorGirl
All,

PS. Some background on me.... I have a First in Mathematics and a PhD in Astrophysics. I work freelance for the European Space Agency and NASA and have written code for the Space Shuttle. My main thing is mathematical analysis/synthesis and turning those algorithms into efficient and reliable code (can't affort too many "repaints" of the critical indicator when orbiting Saturn, a billion miles from home....)
Very impressive indeed, and now a potentially very successful trader - well done.

I'm using your indy successfully on the 1 min - also like the adx overlaid on top as suggested by another above - it's good in indicating re-entries. Settings I'm using on the 1 min are at 14. Still not nailed the exit, but on the 5 min charts I have found a close on the other side of an 8 ema generally to be quite good. Note price must close, not just a cross.
Regards

Pardy
  • #142
  • Jun 3, 2009 5:49am Jun 3, 2009 5:49am
hi Anne,

Can i know what is the meaning of yellow in your indicator?

Thank you in advance.
  • #143
  • Jun 3, 2009 6:35am Jun 3, 2009 6:35am
Wowsa TudorGirl;
A NASA scientist lives in my virtual neighborhood helping me learn...and I've learned alot from you.

Thank you again!

Here's a audio from Mark Douglas that teaches psychology of trading that helps traders understand how the markets work: http://club.ino.com/trading/2008/07/...aders-mindset/

Its worth the hour to listen to while sitting in front of your charts.

Steve
  • #144
  • Jun 3, 2009 8:42am Jun 3, 2009 8:42am
The way I'm doing it is to look at 5 min chart of eur/gbp, obviously if it's going up along with the trend indicator preference is to either go long eur/usd or short gbp/usd, whichever has had the biggest previous run up on a longer TF like 4hr/daily. Since gbp has been killing eur on daily tf it's more likely to fall to profit taking..

I think when you look at all 3 pairs like this with the trend indicator you're less likely to be on the wrong side. Might as well take advantage of pair relatedness that you only get in forex.
  • #145
  • Jun 3, 2009 9:28am Jun 3, 2009 9:28am
Hi

I dont post much, but had to this time, its a wonderful system by Paulus and the indi by TudorGirl is just gr8. Congrats and best of luck in all your endeavours

I have been following the Laguerre indi treads for long time and it really works well on all time frames and seeing it implemented in this system by TudorGirl, i can say one thing, you can trust this indi and just follow its direction.

hope to start posting on this tread soon, good trading for all
Trend is your friend...
  • #146
  • Jun 3, 2009 1:06pm Jun 3, 2009 1:06pm
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.
Tudor Girl,
You Rock for sure!! Can you please send Me or post the Indicator at the bottom of your chart with the settings. I have looke all over for it and cannot find it.
  • #147
  • Jun 3, 2009 1:09pm Jun 3, 2009 1:09pm
Post #81

Quoting mgs1f
Tudor Girl,
You Rock for sure!! Can you please send Me or post the Indicator at the bottom of your chart with the settings. I have looke all over for it and cannot find it.
  • #148
  • Jun 3, 2009 1:14pm Jun 3, 2009 1:14pm
The more I check the HG 0001a indicator against the charts for entries, the more I like it. Tudor girl has done a fantastic job on this indi. Seems uncanny for picking the start of a trend. The exits need some work, as they do come late if you use only the opposite color or a a yellow stripe for an exit. I'm sure posters will come up with many good ways to exit. Too early for me to give any thoughts as I just came across this thread the other day. Down the road, alerts would be nice for those times you can't be watching.
First three test trades sticking my toe in the water have been winners.
  • #149
  • Jun 3, 2009 1:19pm Jun 3, 2009 1:19pm
Would someone please be kind enough to post a 4hr chart with the indicator on it please? Specific pair is unimportant. Still trying to clear up what looks like a discrepancy on my charts.

Thanks!
  • #150
  • Jun 3, 2009 1:45pm Jun 3, 2009 1:45pm
Quoting Maelstrom
Would someone please be kind enough to post a 4hr chart with the indicator on it please? Specific pair is unimportant. Still trying to clear up what looks like a discrepancy on my charts.

Thanks!
Here you go.

Kristjan
Attached Image (click to enlarge)
Click to Enlarge Name: example.gif Size: 39 KB
Attached File(s)
File Type: tpl tudorgirl.tpl   5 KB | 1,339 downloads
  • #151
  • Jun 3, 2009 3:19pm Jun 3, 2009 3:19pm
Quoting kristjantelve
Here you go.

Kristjan
Thank you.
  • #152
  • Jun 3, 2009 4:53pm Jun 3, 2009 4:53pm
Anne,

Could you please post the source for the HG_0001a.ex4 indicator you posted?

Thanks,
John
  • #153
  • Jun 3, 2009 5:13pm Jun 3, 2009 5:13pm
Quoting rubberband
Anne,

Could you please post the source for the HG_0001a.ex4 indicator you posted?

Thanks,
John

Hi John

No, I will not post source. You must allow a girl a few secrets....

The reason is the same as for the EA I described in earlier posts. I have put many hours of effort (perhaps hundreds) into generic EA and generic indicator skeletons that enable me to drop in almost any conceivable trading ideas literally in minutes (seconds sometimes).

The code modules conditionally compile, so stuff that is not wanted is not included in the final ex4, but all the routines are visible in the source whether included or not. A lot of it contains some potentially commercially very valuable ideas, especially on MM which I am talking to a hedge fund about at present.

So no, I will not post source.

Anne
  • #154
  • Jun 3, 2009 5:29pm Jun 3, 2009 5:29pm
Quoting TudorGirl
Hi John

No, I will not post source. You must allow a girl a few secrets....

The reason is the same as for the EA I described in earlier posts. I have put many hours of effort (perhaps hundreds) into generic EA and generic indicator skeletons that enable me to drop in almost any conceivable trading ideas literally in minutes (seconds sometimes).

The code modules conditionally compile, so stuff that is not wanted is not included in the final ex4, but all the routines are visible in the source whether included or not. A lot of it contains some...
I don't blame you Anne! Thanks for all you do.
  • #155
  • Jun 3, 2009 5:30pm Jun 3, 2009 5:30pm
Quoting paradoxical
The more I check the HG 0001a indicator against the charts for entries, the more I like it. Tudor girl has done a fantastic job on this indi. Seems uncanny for picking the start of a trend. The exits need some work, as they do come late if you use only the opposite color or a a yellow stripe for an exit. I'm sure posters will come up with many good ways to exit. Too early for me to give any thoughts as I just came across this thread the other day. Down the road, alerts would be nice for those times you can't be watching.
First three test trades...
All,

Paradoxical (and Steve in earlier posts) has nailed the real problem. Entries I think we are all getting comfortable with. It is the EXIT that is the real problem. Waiting for a change of colour or even a yellow warning bar can often be a bit late.

I am currently facing this with my monster GJ H4 long. Both TrendMagic and TudorGirl and still blue, but the price has fallen back 300 pips. (OK, I am 1000+ pips up so can't really complain but....)

What do I do? One way is to exit when the price bar closes below the TrendMagic line. But this can result in being in and out quite often in a long trend.

We need to work on this. Once we've got the details ironed out, I can put all this in the indy, together with sonic alerts, emails, SMS texts, multiple-time-frame capabilities and everything else on the forum wish-list (perhaps....!!!)

Anne
  • #156
  • Jun 3, 2009 5:33pm Jun 3, 2009 5:33pm
Could you post a chart plse

I have a few ideas but what ever you over lay and test is going to have a hard time with the down spike on 21st May

Paulus
  • #157
  • Jun 3, 2009 5:40pm Jun 3, 2009 5:40pm
Quoting Paulus
Could you post a chart plse

I have a few ideas but what ever you over lay and test is going to have a hard time with the down spike on 21st May

Paulus
Hi Paulus

Here is my current chart situation.

Anne

(Posted in low res for quick view and zipped hi-res for details)
Attached Image (click to enlarge)
Click to Enlarge Name: paulus3.jpg Size: 75 KB
Attached File(s)
File Type: zip paulus3.zip   27 KB | 1,393 downloads
  • #158
  • Jun 3, 2009 5:57pm Jun 3, 2009 5:57pm
Quoting TudorGirl
Hi Paulus

Here is my current chart situation.

Anne

(Posted in low res for quick view and zipped hi-res for details)
Such is the nature of trying to trade 'The Beast' (GbpJpy) on a higher TF.

Deep pockets and no emotion as a rule of thumb. Very few will be able to do so as Paul is keenly aware. As a small retail trader, a quick glance at the 4H will provide overall trend (if present), and taking the 5M trades in that direction looking at a Renko block or Heiken Ashi candlestick chart will provide all the adrenaline one can stand early in their trading careers.

Good fortune to all.
  • #159
  • Jun 3, 2009 6:16pm Jun 3, 2009 6:16pm
Quoting Paulus
Could you post a chart plse

I have a few ideas but what ever you over lay and test is going to have a hard time with the down spike on 21st May

Paulus
Quite right !

Excellent work is being done on this thread. You folks have a very simple plan going and works on multiple TF's.

Your search for TP and SL levels is easily rectified IMHO. Simply add a weighted MA to any TF and curve fit such so that it matches your entries shown with the 'TG" multi indicator.

You can then run such a setup on TradeStation or some other higher end brokerage simulator and derive a performance report that will give you a number of different settings with regards to TP/SL areas. In fact, you can simply hit the 'optimize' button (with TS at least) and be done with it. Not trying to promote any brokerages just passing along some info here. Am sure your chosen broker offers some manner of testing also.

Here is the chart for 'The Beast' from the 5:00 a.m. open marked. It is what I trade personally and is of the same theory that you folks are working with. I simply choose to use a Renko chart to eliminate some of the noise produced by candlestick charts and a 14 WMA with a TRIX.

Again, you folks have a nice simple plan here. In addition, you have a woman who is very unselfish in providing an indi or more based on her testing methodology that simply is beyond most individuals capabilities here.

Just an unbiased opinion by an interested observer.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.jpg Size: 104 KB
  • #160
  • Jun 3, 2009 7:02pm Jun 3, 2009 7:02pm
Quoting TudorGirl
All,

Paradoxical (and Steve in earlier posts) has nailed the real problem. Entries I think we are all getting comfortable with. It is the EXIT that is the real problem. Waiting for a change of colour or even a yellow warning bar can often be a bit late.

I am currently facing this with my monster GJ H4 long. Both TrendMagic and TudorGirl and still blue, but the price has fallen back 300 pips. (OK, I am 1000+ pips up so can't really complain but....)

What do I do? One way is to exit when the price bar closes below the TrendMagic line. But this...

Just a thought on exits, based upon the following assumptions:
1. We know that there are trends within trends, hence a 4 hr trend might be long, within which a lower tf such as 15 min might be short.
2. From what we can see, the TG indicator is pretty good at getting you a good entry.
3. Assume that we're in a 4 hr trade long. The lower tf, say 15 mins signals a short. This would be a good place to exit the 4 hr trade, to re-enter once the trend resumes long again. The advantage is:
a. You have probably re-entered at a lower price again, meaning that your toal pips on the 4 hr trade are now higher than if you had stayed in and suffered the drawdown.
b. With the short on the 15 min where you exited the trade, if this was the start of a reversal, then you have dealt with the risk without losing even more pips.
c. At this stage your higher tf will be signalling a trade in the opposite direction.

To achieve this and test it as to which tf's can be used in conjunction, ideally you could build a mtf TG indi, taking care to ensure that this does not repaint. In other words, each higher tf bar when set on a lower tf chart will need to be anchored. As long as the chart is not closed, or tf's not changed, an anchored indicator will not repaint previous bars, as so many mtf indicators do. However, you cannot backtest with even anchored indicators since it will color all the bars of the higher tf depending on what it showed at the end of that particular bar close.
It should be possible to forward test tho' by participants on various pairs and tf combinations, making sure your pc's are left on and tf's are not changed.

Hope this makes sense. If the idea has merit, let me know if you'd like to look at the code of similar anchored indicators, I have some.

Regards
Pardy
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