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Attachments: EUR/GBP Trendmagic System
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EUR/GBP Trendmagic System

  • #161
  • Jun 3, 2009 7:04pm Jun 3, 2009 7:04pm
Quoting TudorGirl
Hi Paulus

Here is my current chart situation.

Anne

(Posted in low res for quick view and zipped hi-res for details)
Perhaps we should revisit 'Trading 101' for a moment.

Rule #1 is 'The Trend is your Friend'. Do not buck said trend.

In an effort to provide a bit of clarity and perhaps provide something that may potentially assist all other traders here, I offer this chart shot of the 4H 'Beast' that is being referred to, albeit from a different charting setup.

While Paul (Paulus) is indeed correct that the May 21 300 pip 'CANDLE' could be a bit problematic when trying to ascertain an exit point, it really is nothing more than a hicup in a dominant bullish move. PA moves up and down in a random fashion based on nothing more than buyers and sellers doing battle against each other 24/7 until one gains the upper hand.

As mentioned earlier, utilizing a moving average in higher TF's easily allows one to exit and re-enter dominant moves based solely on a break of such MA. In addition, a simple 'momentum' indi with a zero line would also be effective as a gage of entry and exit possibilities.

Also, these same setups can be utilized in smaller TF's just as effectively. Simply watch the PA closely on the smaller TF's as the larger TF's obviously need less attention as they are position trader oriented as opposed to intraday (scalper) methodologies.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 4H Renko.jpg Size: 118 KB
  • #162
  • Jun 3, 2009 7:35pm Jun 3, 2009 7:35pm
From Tudor Girl's chart, she entered on May 16th and has held ever since. If I understand you, you're suggesting to get out when the pair goes below the 50 WMA, and then re-enter when it once again goes past it. That would have been 8 or 9 in and out trades with the spread being paid both ways, along with the re-entries being at higher levels, causing a loss in pips vesus had she done nothing. As the trade stands at this moment, it has plummeted but the 4 hour bar is still blue, which is the same as was the situation on the 8-9 previous times. No question that if she had traded out within that box shown on your chart after it went below the 50 WMA, she'd have saved 300 pips or so. Not saying you're wrong on your suggestion at all. Just throwing it out for discussion for all, as the exits are just as important as the entries.
  • #163
  • Jun 3, 2009 10:49pm Jun 3, 2009 10:49pm
How often do we see someone code an interesting indicator or EA only to have it renamed and sold for $whatever on a website/Ebay as the new 'Magical system' ?????
Just the other day I saw a renamed/recoloured MACD selling for $149.00!!!!
Keep your hard work safe and secure TG...especially the EA that you mentioned (which by the way did sound very interesting)
  • #164
  • Jun 3, 2009 10:51pm Jun 3, 2009 10:51pm
Quoting TudorGirl
Hi Paulus

Here is my current chart situation.

Anne

(Posted in low res for quick view and zipped hi-res for details)
I think you need a few more indicators. See attached, the major factor for exiting I use is momentum. TrendCCI and fxprime are good to see this.

zigzag reversals around major fib areas (esp. on multi tf convergance) is another major component in how I choose exits. gotta be careful with zigzag you have to use it as a lagging indicator
Attached Image (click to enlarge)
Click to Enlarge Name: sss.PNG Size: 105 KB
Attached File(s)
File Type: mq4 ZigZag.mq4   6 KB | 711 downloads
File Type: mq4 AutoDayFibs.mq4   10 KB | 860 downloads
File Type: mq4 FXprime_V2 Final-JE.mq4   10 KB | 1,044 downloads
File Type: ex4 DoubleCCI-With_SMA.ex4   7 KB | 915 downloads
  • #165
  • Jun 3, 2009 11:23pm Jun 3, 2009 11:23pm
Can you simplify your chart any? I was hoping this thread would be for a very simple system. With all due respect, your chart looks like a rainbow.
Quoting Blud4oilPrgm
I think you need a few more indicators. See attached, the major factor for exiting I use is momentum. TrendCCI and fxprime are good to see this.

zigzag reversals around major fib areas (esp. on multi tf convergance) is another major component in how I choose exits. gotta be careful with zigzag you have to use it as a lagging indicator
  • #166
  • Jun 3, 2009 11:48pm Jun 3, 2009 11:48pm
Quoting paradoxical
Can you simplify your chart any? I was hoping this thread would be for a very simple system. With all due respect, your chart looks like a rainbow.
no problem here is what I'm really looking at let me know if you have a problem loading the template think I have included all the indicators. Oh, use this version of zigzag instead:
Attached File(s)
File Type: ex4 ZigZag Pointer.ex4   4 KB | 684 downloads


Note my preferred time to take a trade is when BOTH fxprime indicator lines are either solid red/green. From what I understand this is just a cci indicator, the white dots mean it's crossing the zero line so stay out until a color forms. You can read more about the evolution of this thing here: http://www.forexfactory.com/showthread.php?t=114258
Attached Image (click to enlarge)
Click to Enlarge Name: ss5.PNG Size: 80 KB
Attached File(s)
File Type: tpl trendmagicplusindicators.tpl   14 KB | 894 downloads
  • #167
  • Jun 4, 2009 1:54am Jun 4, 2009 1:54am
I had a real bad night so havnt had time to look at much and still got my tin hat on this morning as the fall out is a bit heavy

TD close now is my quick answer how ever you look at it your ride from a technical point has to be over you have some great profit bank it and wait for another signal..

Dont go down the route of analyzing your charts switching to higher time frames to check the trend etc etc all that will happen is that you will find a scenario that convinces you to hold...ok this may well rally and up it goes again but thats trading

We have made a lower low and looks like we are going to make a lower high which from a technical point for the moment at least means game over.

The only consistant thing I can see right now in the time I have is that 3rd June was the only time the candle closed below TM that could of been your out if you close now your only a few pips adrift.

I will look at other ways from my others system to exit but will only post if some thing appears to make sense for this system

Conclusion

Close now have a dance round the table and move on tothe next trade

P
  • #168
  • Jun 4, 2009 2:35am Jun 4, 2009 2:35am
Quoting Paulus
Conclusion

Close now have a dance round the table and move on tothe next trade

P

OK, thanks. I am out at 157.62 for a profit of 1066 pips. That's another 10.6% on the account...

Anne
  • #169
  • Jun 4, 2009 3:17am Jun 4, 2009 3:17am
Quoting TudorGirl
OK, thanks. I am out at 157.62 for a profit of 1066 pips. That's another 10.6% on the account...

Anne
Anne that is excelent very well done. The indicator you have coded is just fantastic thank you for that. The only small thing that is missing is the sound alert when the indication changes color.
If I can suggest there might be 3 alerts when we have red indication sound alert could say "enter short", for blue "enter long" and for yellow it might say somekind of warning or something like this. To make an audio fail with desired alerts you can use the following link http://www.research.att.com/~ttsweb/tts/demo.php it is free online software that converts text into a sound file.

Kristjan
  • #170
  • Jun 4, 2009 4:02am Jun 4, 2009 4:02am
Nice job, Anne.
Your set of indicators looks very good. Today I install the 224 platform (my broker had some problem with providing it for me - I've a real acc. and some demos, and I need it have all-in-one) Today I sniped more than 350 pips with your indi (and multiTF trendmagic programmed by my friend, which no-redraw).
I'm excited (in positive word-sense) with your "cosmic" indicator, looks a near-holy grail Thank you very much, what you do, do it well.

Sorry for my bad English
Do you want an EA for your own profitable system? E-mail or PM me.
  • #171
  • Jun 4, 2009 4:13am Jun 4, 2009 4:13am
Congratulations TudorGirl for a job well done. You must be very proud...deservingly so too. As a scalper that's several months work for me until Paulus invented this system and then you perfected its indicators.

Its exciting knowing you are here...can't wait to hear more triumphs over the banks and brokers who are trading against us.

Let's have fun.

Steve
  • #172
  • Jun 4, 2009 4:59am Jun 4, 2009 4:59am
All,

Attached a MTF version of the indy. You can set any 4 TFs you want.

I have changed the operation slightly and removed the yellow warning bars in the MTF version. MT4 only allows the return of a maximum of 8 buffers from an indy, and with the red/blue/yellow system, that is 3 for each TF. So we could only do 2 TFs.

I am just using red/blue for now so we can get 4 TFs in the one indy.

I am confident that it is properly programmed to be fully time anchored with no repaint. Just put it on a chart with the TrendMagic and click on M5, M15, M30 and H1 and you will see the bars line up (give or take the fact that TrendMagic DOES repaint whereas mine doesn't!!!)

Any problems, give me a shout.

Anne
Attached File(s)
File Type: ex4 HG_0001a_MTF.ex4   8 KB | 2,370 downloads
  • #173
  • Jun 4, 2009 5:11am Jun 4, 2009 5:11am
Euro D1....

Attached Image (click to enlarge)
Click to Enlarge Name: eurod1.gif Size: 23 KB
  • #174
  • Jun 4, 2009 5:15am Jun 4, 2009 5:15am
As a follow on from my last post, the setup I have now is TrendMagic in the main chart window, TG HG_0001a below, and TG HG_0001a_MTF below that.

This way you get the best of all worlds. As you change the chart TF, the HG_0001a changes with it. But the MTF version is locked to whatever settings you set.

Say you are trading the M30 but want to keep an eye on the bigger trend of the H1, while also watching the M5 for pullbacks for good entries.

Then you would set the chart TF to M30 and set the MTF indy to M5, M15, M30, H1 (actually this is the default anyway).

The HG_0001a indy is giving you yellow warnings when action is weakening, but you can also see the trends on the M5 and H1 at the same time. This means we should be able to get in nicely on the lower TF pullbacks and also exit nicely when we see weakness in the trend.

(Hope that all makes sense!!)

Anne
  • #175
  • Jun 4, 2009 5:22am Jun 4, 2009 5:22am
Quoting Horrigan
Nice job, Anne.
Your set of indicators looks very good [...] Today I sniped more than 350 pips with your indi.

.....looks a near-holy grail
Ahh... You did notice, I trust, that the indy is called "HG_....". I wonder what "HG" stands for

Anne
  • #176
  • Jun 4, 2009 5:49am Jun 4, 2009 5:49am
Quoting TudorGirl
All,

Attached a MTF version of the indy. You can set any 4 TFs you want.

I have changed the operation slightly and removed the yellow warning bars in the MTF version. MT4 only allows the return of a maximum of 8 buffers from an indy, and with the red/blue/yellow system, that is 3 for each TF. So we could only do 2 TFs.

I am just using red/blue for now so we can get 4 TFs in the one indy.

I am confident that it is properly programmed to be fully time anchored with no repaint. Just put it on a chart with the TrendMagic and click on M5, M15,...
Again very nice tool in our trading profolio thank you Anne.
NB! As you all might know already when dealing with MTF indicators you can use them from top to bottom and not vice versa. What I mean is that you can place it for excample on 4H chart and trade 1 min signals according to the trend but you can not trade the MTF out from 1 minute chart in that case the MTF higher TF will repaint. It is the nature of ALL MTF indicators.

Kristjan
  • #177
  • Jun 4, 2009 6:09am Jun 4, 2009 6:09am
Quoting Horrigan
..... Today I sniped more than 350 pips with your indi ......

Hi Horrigan

Your pip rate is higher than mine!! My 1000 pips took over 2 weeks, so 350 pips in a morning is much better!

Please tell me the pairs and the TFs you used.

Anne
  • #178
  • Jun 4, 2009 6:31am Jun 4, 2009 6:31am
Hello

Just loaded Anne's new MTF indi (looks super Anne... great work again ) but on my chart its not updating the info as a new candle opens, I have it set to 1min,5min,30min and 1 hour using it on a 1 hour chart. any idea on what I am doing wrong? or is that just how it works?

Bob
  • #179
  • Jun 4, 2009 6:37am Jun 4, 2009 6:37am
Quoting bob_inabottle
Hello

Just loaded Anne's new MTF indi (looks super Anne... great work again ) but on my chart its not updating the info as a new candle opens, I have it set to 1min,5min,30min and 1 hour using it on a 1 hour chart. any idea on what I am doing wrong? or is that just how it works?

Bob
Hi Bob

Thanks for the feedback. Could be a small bug - this is my first anchored MTF indy and the code is rather complex!! Let's see how others get on. If the problem is universal I'll take a look and fix it (hopefully).

Anne
  • #180
  • Jun 4, 2009 6:50am Jun 4, 2009 6:50am
While filling in a humungeous spreadsheet for my boss (v boring) I am using the MTF indy to scalp the EU M1 chart in the direction of the higher trends. Am making around 15 pips every 5-10 minutes. Quite fun!!

Almost makes sitting at the computer and working worthwhile!!

Anne
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