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EUR/GBP Trendmagic System

  • #321
  • Jun 4, 2009 8:54pm Jun 4, 2009 8:54pm
Quoting TudorGirl
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).

You might want to keep track of SR lines in the in H4 and up? and probably target profit a few pips before SR lines (it might bounced or it might go thru).
  • #322
  • Edited 9:25pm Jun 4, 2009 8:59pm | Edited 9:25pm
This SR indicator help you spot potential exiting points.

Thanks guys!
Attached Image (click to enlarge)
Click to Enlarge Name: PaulusTudorGirlsample.JPG Size: 70 KB
Attached File(s)
File Type: mq4 Support and Resistance.mq4   2 KB | 777 downloads
File Type: ex4 Support and Resistance.ex4   2 KB | 626 downloads
  • #323
  • Jun 4, 2009 10:46pm Jun 4, 2009 10:46pm
Quoting TudorGirl
What really matters is the STRATEGY for the trading. Once we have that sorted, coding the indicators to do it is trivial.

Is it easy to incorporate SL lines? If the indicator could pick up SL lines, from the H4 and above charts would be great. Or else we need to manually plot them.
  • #324
  • Jun 5, 2009 12:16am Jun 5, 2009 12:16am
Hi I dont use QQQ or Laguerre

you may see them on my chart now and then but I dont use them.

Often they keep you out of good trades and take you out to early

Simple is best use what we have

I have a 1st in common bloody sense if thats any good

We need an edge all my system try to find an edge a chink we have that here

we can exploit it..think black and white..is it a signal isnt it a signal thats the only 2 questions we need ask our selves

Binary 0 or 1 no more to consider

P
  • #325
  • Jun 5, 2009 12:52am Jun 5, 2009 12:52am
Quoting TudorGirl
All

Before I start writing the next incarnation of the indicators, can we have a concensus please!

For example, Nisha has introduced the QQE as an additional filter. What does the group think? Do we need this? Is it helpful?

I want to incorporate into one indicator everything we want but nothing else!

Please give me some feedback (esp. "serious players").

Thanks

Anne
Hey Anne
Nice going already coding new indicators where the "old" is still warm . But in the matter to have a filter in the new version the QQE is way to messy indicator IMHO but seams I am not the only one around who thinks that way, at first glance it migt look fantastic but in reality it is not so good as it seams to be almost always behind the market - too late in and too early out. As I said in the beginning of this thread were people were wondering when to exit I use LabTrend indictor as my reference to put the SL and where to enter. Second indicator that might act as an filter IMO is KijunTenkan+.

Kristjan
  • #326
  • Jun 5, 2009 1:05am Jun 5, 2009 1:05am
Quoting wlp
This SR indicator help you spot potential exiting points. Thanks guys!

Could this be included in the indicator? But please tweak it to draw lines for H4 and above SR
  • #327
  • Jun 5, 2009 2:08am Jun 5, 2009 2:08am
All,

Some lovely opportunities for dozens of great pips this morning (well, mine anyway in the UK) on the EJ (longs), GU (shorts) and GC (shorts). All 3 higher TFs line up for hours with the M1 switching red/blue in nice 10-20 minute blocks.

Just a week ago I wouldn't have touched trades like these but this is becoming so easy it seems almost criminal....

Anne
  • #328
  • Jun 5, 2009 2:17am Jun 5, 2009 2:17am
Quoting s050399b
Could this be included in the indicator? But please tweak it to draw lines for H4 and above SR
You can try this multi-time frame pivot points indicator in this thread:
http://www.forexfactory.com/showthread.php?t=120606
Attached Image (click to enlarge)
Click to Enlarge Name: MTFPivot.GIF Size: 18 KB
  • #329
  • Jun 5, 2009 2:58am Jun 5, 2009 2:58am
All

While I appreciate that many want to learn about coding, I cannot answer all the PMs I have received.

In particular, many want to know about repainting issues that bedevil MT4 indicators if they are not written carefully.

Some of you have tried to "fix" the TrendMagic indy and write MTF versions yourselves. Nearly all of these repaint as badly as the original.

A little secret -- When I wrote the STF/MTF versions of the TudorGirl indy I did NOT use the algorithm in the original TrendMagic as posted. It is a great idea but very badly implemented. As it stands, it cannot be "fixed".

Instead, I "read between the lines" and worked out what the indy was trying to achieve. Once I saw that, I realised it could be implemented in several different ways, one of which was hugely superior to the original in several respects.

Firstly (and perhaps most importantly) it does NOT repaint. Seondly, once you have what is basically a filter in "canonical form" (Wikipedia this) you can manipulate the transfer function mathematically to do all sorts of cool things.

In our case, we can flog thru the differential calculus and trade off FIR (finite impulse response) for IIR (infinite impulse response) and hence play with the phase response. This allows us to get the LAG right down to almost zilch.

So the good news is - yes, we can fix badly written MT4 indys. The bad news is, it is not just a matter of tweaking a few lines of MQ4 language. You have to go back to square one and THINK about what you really want.

Anne
  • #330
  • Jun 5, 2009 3:27am Jun 5, 2009 3:27am
Hi Anne,
As you know some of us have the TM ( the "unfixed" version) on our charts for visual representation, or to consider trade exits. Whilst this has been fixed within your HG, is there a separate fixed TM version that we could use on our charts?

Thanks
Pardy


Quoting TudorGirl
All

While I appreciate that many want to learn about coding, I cannot answer all the PMs I have received.

In particular, many want to know about repainting issues that bedevil MT4 indicators if they are not written carefully.

Some of you have tried to "fix" the TrendMagic indy and write MTF versions yourselves. Nearly all of these repaint as badly as the original.

A little secret -- When I wrote the STF/MTF versions of the TudorGirl indy I did NOT use the algorithm in the original TrendMagic as posted. It is a great idea but very badly...
  • #331
  • Jun 5, 2009 3:32am Jun 5, 2009 3:32am
Quoting Pardy
Hi Anne,
As you know some of us have the TM ( the "unfixed" version) on our charts for visual representation, or to consider trade exits. Whilst this has been fixed within your HG, is there a separate fixed TM version that we could use on our charts?

Thanks
Pardy
Hi Pardy

Actually, I didn't bother to write one. The Single-TF/Multi-TF TudorGirl indys have the correct code inside and that seems to be all we need.

I do keep the original TM on my charts for sentimental reasons (so we can see how far we have come in a week!!!) but I don't trigger trades from it.

Although it is "unfixed" it is still very useful for timing exits when you get a close on the wrong side of the line (colour being immaterial, only level being important so repainting etc not an issue).

Anne
  • #332
  • Edited 4:39am Jun 5, 2009 4:09am | Edited 4:39am
nice job peak bought on E/U :lol:

EDIT: Fired out @ ,,78..... -21 pips....
Pending trades Cable (short) +3 ,UY (long) +6 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
Do you want an EA for your own profitable system? E-mail or PM me.
  • #333
  • Jun 5, 2009 4:38am Jun 5, 2009 4:38am
TudorGirl gave me the idea to make the TD one color for now to keep its color change from fooling me to exit a trade too soon; I'll pay more attention to its look accross an entire chart instead of the last 10 candles. We'll see how it helps.

I've did terrible trading yesterday...changed my charts using MTF TG "wonderful" indy I wanted badly. I finally settled down when Paulus posted his method and it caught on and I'm back in the green.

Guess I'm still human even though TG's method is like a miracle God gave me. I'm learning to use it better and better.

Thank you Paulus and TG for leading us in what looks to me a miracle. You've given me a new reason to keep trading for a living I've never had so far.

Comment on what to include...conclusive to me that more indy's is not the answer to take this miraculous evolution to a higher plane. All IN ONE is what took the intuitive sense Paulus excels in and coupled it with mathmatics and genius of TudorGirl resulting in the higher plane obtained.

Another unknown at this point is how to determine where a trade is likely to end. Do we need pivot points, swing high/lows, semaphor based, fibs, 123's, or other ordinary procedures we all have found to work only sometimes? See my point? All of these ordinary methods work some of the time with someone to vouch for each.

Do we want to exit a trade playing defense trailing a stoploss behind price giving up pips but holding on for occasional big moves, or do we want to play offense and exit at a target with stoploss management along the way?

I know something good is going to happen...

Steve
  • #334
  • Jun 5, 2009 4:50am Jun 5, 2009 4:50am
Quoting Horrigan
nice job peak bought on E/U :lol:

EDIT: Fired out @ ,,78..... -21 pips....
Pending trades Cable (short) +3 ,UY (long) +6 pips
The point where you took the trade was straight into a pivot/resistance point. I like to give it at least 15 pips to the next s/r point plus also watch pa.
Overall, its a gr8 indi and I'm sure u'll recover your losing trade fast. Also bear in mind that its NFP day today, so technicals are likely to be affected, trade carefully.

Regards
Pardy
  • #335
  • Jun 5, 2009 5:02am Jun 5, 2009 5:02am
Quoting Pardy
....Also bear in mind that its NFP day today, so technicals are likely to be affected, trade carefully.

Regards
Pardy
Hmm.. Markets seem rather slow this morning like they are waiting for something. Perhaps "Culpability Brown" will finally take the hint and resign and then all the GBP crosses will explode....

TG
  • #336
  • Jun 5, 2009 5:08am Jun 5, 2009 5:08am
Not in a month of moons will 'Superman Brown' (his term for himself) resign. After all he is here to save the world (not Britain). He will likmp on for the next year.
  • #337
  • Jun 5, 2009 5:20am Jun 5, 2009 5:20am
HI anne

replied to your PM

have a look at these charts, self explanatory. All 3 trades would have been in profit if taken with the lag coming down, qqe crossed and your indi changing color, it cant get more easy than this.

This is enough for anyone for a day and with god MM, and compounding, we can make a fortune without risking the farm on any trade

nisha

Quoting TudorGirl
Hmm.. Markets seem rather slow this morning like they are waiting for something. Perhaps "Culpability Brown" will finally take the hint and resign and then all the GBP crosses will explode....

TG
Attached Image (click to enlarge)
Click to Enlarge Name: 5mincharts.gif Size: 52 KB
Trend is your friend...
  • #338
  • Jun 5, 2009 5:24am Jun 5, 2009 5:24am
Quoting cyclone35
The 5 min GU just gave a signal when the price was at 1.6038. It repainted back to yellow when the price increased. Is anybody else seeing that?
i think it just happened again
change the future, not the past
  • #339
  • Jun 5, 2009 5:30am Jun 5, 2009 5:30am
Quoting cyclone35
The 5 min GU just gave a signal when the price was at 1.6038. It repainted back to yellow when the price increased. Is anybody else seeing that?
Yes, but it does ALL of the indicators.. see for example some fast MA counted of typical or median price, CCI, RSI, great it looks at stochastic oscillator. Ultimately, MACD does the same, and more and more..... Is important, that Annie's indi does not redraw (or repaint [I not seem the difference]) back of the time, as for example Trend Magic, nicely it seem on "Discipline" indicator (of what i dont know what is counted, and nobody won't tell me it)
Do you want an EA for your own profitable system? E-mail or PM me.
  • #340
  • Jun 5, 2009 5:34am Jun 5, 2009 5:34am
The power of compounding, check out the attached pdf

1 minilot for every 1000 USD is what the calculation has been taken

I agree that not all will have the mental strength to go the full way, but just imagine, if you are doing even 1/4th of this, you can make 1000$ to 100K , but why no one is able to do it because at a stage when u come to higher lots, people get too panicky and loose focus on the pips and concentrate on money , if this can be removed, then anyone can do this

25 pips a day is what the doctor orders, but not all are able to take this prescription instead run after 100 of pips in the hope of hitting the home run, accumulation and capital preservation is the game, that alone will make u win this game of wits

some food for thought

nisha
Attached File(s)
File Type: pdf Compounding_Table.pdf   11 KB | 1,343 downloads
Trend is your friend...
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