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EUR/GBP Trendmagic System

  • #181
  • Jun 4, 2009 7:15am Jun 4, 2009 7:15am
Atta Girl! The 5 minute charts look good too!

Cheers


Quoting TudorGirl
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
  • #182
  • Jun 4, 2009 7:16am Jun 4, 2009 7:16am
Nice work on the indi.
So you're on an M1 chart with the settings at 1, 5, 15, 30? Or on an M30 chart watching the M1 row?

Quoting TudorGirl
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
  • #183
  • Jun 4, 2009 7:22am Jun 4, 2009 7:22am
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
Ok I see what I was doing wrong! Man this makes trading easy
  • #184
  • Jun 4, 2009 7:39am Jun 4, 2009 7:39am
Quoting paradoxical
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...
That is correct. There are very few retail traders with deep enough pockets to trade that particular pair on a 4H TF.

Your alternative is to develop an unwavering faith in the indicator as used and simply wheather the usual storms that will develop. Another such storm was just this morning with another approx. 300 pip move to the downside. In fact, a complete trend change is forming.

The post was in response to possible exit strategies as you know. It is just one possibility. The spread of between 5-9 pips dependant upon brokerage is meaningless in this pair as it moves through any such spread as if it were nothing IMHO. A trader on a 4H TF is not (or should not) be concerned with anything less than around 70 pips of PA as a 100 pip candle on the 4H is relatively common.

Moving averages are the single most utilized indicator in existance. Until 'TG' has had an opportunity to further develop her indi so as to provide an exit target, a MA would suffice quite well in the alternative.

On the other hand, the MA you saw was set at 50. Having looked at the PA again, I simply could have curve fit the MA to a 100 and that would have kept all PA above the line. However, there were yet again the storms to account for. You would need a steady supply of anti anxiety medication to watch a 300 pip move against your position on several instances.

In summation, a trader has two alternatives. Wheather the assaults common in this pair with a stout devotion to the indi or modify their trading plan to extract pips on several different moves during such a run. That is quite a quandry to face.

As we all know, hindsight chart review is always 20/20.

Regards.
  • #185
  • Jun 4, 2009 7:56am Jun 4, 2009 7:56am
Before saying anything I'd like to extend my appreciation to Paulus and hope that no matter what circumstances he may be going through that all will be well in the end. Another big thanks to TG for contributing to Paulus' system and the indicator work she has done. As a computing pro I appreciate how much time is put into these indicators and such. Lord knows I haven't the patience to code myself out of a wet paper bag!!!

I don't post much (just check to see how many times I have) but in nearly a year of lurking on the forums here, and studying up on the countless threads, I've come to the conclusion that simple is always best as opposed to analysis paralysis. I only wish I'd found this forum and the helpful folks over a year ago and I could have saved myself a lot of frustration and money in the process. It is in places like FF that you'll find more methodologies and ideas than your wallet could afford if you had to pay for them. The big blessing is that they're offered up freely to try and see if they work for YOU.

My only concern now is that this infant thread not devolve into yet another indicatoritus HELL. SO I hope the K.I.S.S. principle is adhered to. I've run with the ideas offered here and included the indicators into my demo account and can say that the results are encouraging. No, I won't give numbers, but when I'm comfortable I'll post something. As it stands right now I'm "hopeful" and because it suits my personality I can see potential where before I was pulling my hair out.

Good work to all and much success!
  • #186
  • Jun 4, 2009 7:57am Jun 4, 2009 7:57am
Hi Paulus, great system mate. Just found it today and already read all the post. Just got a question, did you do any thing special when it almost time for important news announment? I attach picture of the UK PM resign romour effect. Thank's
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 15 KB
  • #187
  • Jun 4, 2009 7:59am Jun 4, 2009 7:59am
Quoting TudorGirl
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
Hi Anne,
I trading on M1 entries confirmed on M5 and H1 trends. Traded pairs - all of the majors, so E/U, G/U U/Y and U/CHF (where I have the littlest spread). Entry on change colour yours indi with the direction on higher TFs. Exits are fix, on japanese 20 pips, eurodollar and swissy 35 pips and CABLE 50 pips. Made 20 trades, 15 wins - yes, I have fast brain and hands (not using amphetamine ) )
Do you want an EA for your own profitable system? E-mail or PM me.
  • #188
  • Jun 4, 2009 8:05am Jun 4, 2009 8:05am
TudorGirl walks on water again!

Thanks for the huge opportunity to use a MTF "HG=Holy Grail" indy.

The 1m scalp has worked very well for me. now the MTF will reduce my charts from 3 to 1.............awesome!

Great
Great
Great

Steve
  • #189
  • Jun 4, 2009 8:07am Jun 4, 2009 8:07am
SHEER GENIUS!!
Thanks
Pardy
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,...
  • #190
  • Jun 4, 2009 8:15am Jun 4, 2009 8:15am
BLOOMIN GENIUS
  • #191
  • Jun 4, 2009 8:31am Jun 4, 2009 8:31am
LOL! I wish some of my boyfriends had been as appreciative as you guys! Glad to help out.

I don't think I am going to try that GJ H4 stunt again. For what everyone tells me it was possibly very risky and that I was just DEAD LUCKY that time!

I will move down to the lower TF's. Now we have the MTF indy and the normal indy, it seems folk are scalping lots of pips out of the M1 on major pairs just going with the M5 and H1 trend.

That is basically what I was doing earlier while toiling on my spreadsheet. So are we agreed that this is the way to trade it? Or are there other opinions?

I just want to use a system that more experienced traders are comfortable with and stick with it. Please come back to me with your trading styles (pairs and TFs, entries and exits).

Thanks

Anne
  • #192
  • Jun 4, 2009 8:33am Jun 4, 2009 8:33am
Hi Anne

Just posting this to see if we can time the entries and exits using Laguerre 0.75 setting. The blue circles are entries and red circles are the exits. Offcouse no one can take all the pips but stil the pipage is decent enough for swing trading

comments are welcome

nisha

Quoting TudorGirl
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
Attached Image (click to enlarge)
Click to Enlarge Name: 4hrgy.jpg Size: 129 KB
Trend is your friend...
  • #193
  • Jun 4, 2009 8:38am Jun 4, 2009 8:38am
Hi Anne

15 mins is safe and stress free for GY, you can really make more than 300-400 pips in just the london and US session, if you take entries as per your indi and confirm with Laguerre. A chart for your reference. I trade only the 15 min , timing the entries in 1 min.

nisha

Quoting TudorGirl
LOL! I wish some of my boyfriends had been as appreciative as you guys! Glad to help out.

I don't think I am going to try that GJ H4 stunt again. For what everyone tells me it was possibly very risky and that I was just DEAD LUCKY that time!

I will move down to the lower TF's. Now we have the MTF indy and the normal indy, it seems folk are scalping lots of pips out of the M1 on major pairs just going with the M5 and H1 trend.

That is basically what I was doing earlier while toiling on my spreadsheet. So are we agreed that this is the way to...
Attached Image (click to enlarge)
Click to Enlarge Name: 15mingy.gif Size: 32 KB
Trend is your friend...
  • #194
  • Jun 4, 2009 8:39am Jun 4, 2009 8:39am
Great job, tudor girl. When these guys start making big pips, they'll be sending you roses. I would, but I'm already married.
  • #195
  • Jun 4, 2009 8:45am Jun 4, 2009 8:45am
Yes, good idea, paradoxical. Send roses to TudorGirl You are married, it can looks bad, but I haven't (don't?) I will call my broker for withdraw then call to my favorite florist to carry out it So if Anne give me her adress
Do you want an EA for your own profitable system? E-mail or PM me.
  • #196
  • Jun 4, 2009 8:45am Jun 4, 2009 8:45am
another indicator used by many successful traders, is the QQE, been experimenting with it and with your Indi combo, its awesome, safe trades are the ones crossing 50 below or above in the qqe
Attached Image (click to enlarge)
Click to Enlarge Name: 15mingyqqe.gif Size: 32 KB
Trend is your friend...
  • #197
  • Jun 4, 2009 8:52am Jun 4, 2009 8:52am
Anne,
maybe problem with rewrite your holy grail(s) to an API language? I would test it on the weekend, but i have not any experiences with programming an EA, installing indicators into MT EAs, so testing on metatrader will be very hard for me. (And doesn't support "Replay" function. My extren program have it, but cannot support the MT4 indices, only some API (looks as delphi) .dll indicators.
Do you want an EA for your own profitable system? E-mail or PM me.
  • #198
  • Jun 4, 2009 8:53am Jun 4, 2009 8:53am
Anne

another indi i am checking out is called 4x 3 semafor, found this on a thread, just studying it, it seems to be very accurate in finding tops and bottoms, maybe u wanna have a look, attaching it here

nisha
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr.gif Size: 34 KB
Attached File(s)
File Type: ex4 #4X 3 Semafor Alert (1).ex4   11 KB | 1,368 downloads
Trend is your friend...
  • #199
  • Jun 4, 2009 8:55am Jun 4, 2009 8:55am
Quoting TudorGirl
LOL! I wish some of my boyfriends had been as appreciative as you guys! Glad to help out.

I don't think I am going to try that GJ H4 stunt again. For what everyone tells me it was possibly very risky and that I was just DEAD LUCKY that time!

I will move down to the lower TF's. Now we have the MTF indy and the normal indy, it seems folk are scalping lots of pips out of the M1 on major pairs just going with the M5 and H1 trend.

That is basically what I was doing earlier while toiling on my spreadsheet. So are we agreed that this is the way to...
Anne,

While not at all trying to speak for Paul (Paulus), much of his R&D centers around the 5M TF. At least over the last year or so this has been the case.

Further, there is a wide array of variants to consider when deciding which currency pair you wish to focus on. The spectrum runs from the beast (GbpJpy) to the least (EurUsd).

As for myself, I trade the beast from a 5M with and eye on the 1H for trend comfirmation. I avoid the 1m on this pair due to high volatility, but that is just my own preferred trading method.

I would respectfully disagree on your conclusion with regards to the 4H bullish move. I think you traded such very well indeed and many active traders were indeed involved with that particular move.

While I can see your work here is concentrated on indicator development, trading itself is, imho, 80% mental. One simply has to find and 'edge' they are comfortable implementing repeatedly, and trade such with abandon. It matters not what a perceived win/loss ratio foretells.

What is crucial is that the chosen trigger mechanism of any trader is tested extensively over a few hundred to thousand trades dependent upon TF utilized and that a 'positive expectancy' is derived from such testing.

Just a bit a feedback to mull over.

Regards.
  • #200
  • Jun 4, 2009 9:01am Jun 4, 2009 9:01am
Edgetrader

well said, i may go as far as saying that " the holy grail " is in the mental strength of a trader, if he can master that, and Money Management, than he can use any system and be successful.

Quoting Edgetrader
Anne,

While not at all trying to speak for Paul (Paulus), much of his R&D centers around the 5M TF. At least over the last year or so this has been the case.

Further, there is a wide array of variants to consider when deciding which currency pair you wish to focus on. The spectrum runs from the beast (GbpJpy) to the least (EurUsd).

As for myself, I trade the beast from a 5M with and eye on the 1H for trend comfirmation. I avoid the 1m on this pair due to high volatility, but that is just my own preferred trading method.

I would respectfully...
Trend is your friend...
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