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

  • #341
  • Jun 5, 2009 5:46am Jun 5, 2009 5:46am
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?
My understanding of repainting is that previous bars change colour. The current bar changing colour surely has to happen as price moves up and down, the current bar changing colour prior to the bar closing isn't repainting.

Andy
  • #342
  • Jun 5, 2009 5:50am Jun 5, 2009 5:50am
Quoting Andy B
My understanding of repainting is that previous bars change colour. The current bar changing colour surely has to happen as price moves up and down, the current bar changing colour prior to the bar closing isn't repainting.

Andy

Okay thanks. I assumed that repainting also included the current bar changing colours. Mkes sense then that we should wait for the close of the current candle before entering.
  • #343
  • Edited 5:54am Jun 5, 2009 5:53am | Edited 5:54am
Quoting Andy B
My understanding of repainting is that previous bars change colour. The current bar changing colour surely has to happen as price moves up and down, the current bar changing colour prior to the bar closing isn't repainting.

Andy
Andy is absolutely right. Repainting (redrawing) means that the PREVIOUS bar can "change its mind" after the event like happens in TM.

The CURRENT bar obviously changes as the price moves up and down within the bar. That is NOT repainting!!!!!!!!!

Anne

Cyclone - you are right to wait until candle close.
  • #344
  • Jun 5, 2009 5:54am Jun 5, 2009 5:54am
Quoting Horrigan
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)
I bet the mtf indicator redraws because it's the nature of mtf indicators to redraw when you for example restart meta trader. The explaination is easy. When you act on the five minute timeframe you will get 3 signals or colored boxes for 1 15 min period. It can happen that the volatility is very high and the first box is blue and then two times red (for one 15 min candle). When you restart meta trader the programm won't remember that the first box was blue because meta trader only looks for the overall picture. Therefor all 3 boxes will be red.
  • #345
  • Jun 5, 2009 6:04am Jun 5, 2009 6:04am
On the choppy market we have today it is easy to spot any indicator mishaps. As much as I hate to do that I have to admit the MTF indicator repaints. The photos were taken just few minutes ago first picture as it was running and second picture when I had changed TF to 5 min and then back to 1 min (look at the red vertical lines). I would understand if the higher TF repaints that is normal thing to MTF indicators but the problem is that it repaints on current TF and that is not good. Althou something positive also the original indicator HG_0001 is doing very well and no repaint there.
One more thing I spoted was that the MTF indicator do not change/update on the open bar as as it should and as the original HG_0001 does if it is on current TF.
So here is few things to consider when coding a new version of that indicator to make that excelent indicator even better.

Kristjan
Attached Image(s) (click to enlarge)
Click to Enlarge Name: example1.gif Size: 45 KB
Click to Enlarge Name: example2.gif Size: 45 KB
  • #346
  • Jun 5, 2009 6:13am Jun 5, 2009 6:13am
Quoting MCFly
I bet the mtf indicator redraws because it's the nature of mtf indicators to redraw when you for example restart meta trader. The explaination is easy. When you act on the five minute timeframe you will get 3 signals or colored boxes for 1 15 min period. It can happen that the volatility is very high and the first box is blue and then two times red (for one 15 min candle). When you restart meta trader the programm won't remember that the first box was blue because meta trader only looks for the overall picture. Therefor all 3 boxes will be red.
So, if M15 TF was represented with three MTF dots, then it doesn't matter of different colours on progress with one simple candle. If I want to see position MTF TrendMagic on higher TF, I enable the simple TM indicator reprogrammed to MTF (i attach it), or simply divide the dots with TF which I play... So simple
Only enable the MTF function on indicator properties
Attached File(s)
File Type: ex4 tm_multi.ex4   11 KB | 776 downloads
Do you want an EA for your own profitable system? E-mail or PM me.
  • #347
  • Jun 5, 2009 6:15am Jun 5, 2009 6:15am
i jumped on the eurgbp short it is now red on the 5 min and the 15 min
  • #348
  • Edited 6:22am Jun 5, 2009 6:19am | Edited 6:22am
Quoting iansr1
i jumped on the eurgbp short it is now red on the 5 min and the 15 min
have patience, keep ur stop loss at todays high, 30 mins qqe is crossing down, so we will see a 50-60 pips movement down, but not untill 1 and 5 min are pointing in same direction, 1 min has to go up little before coming down

you should have taken short when the 5 mins gave signal around 0.8830 area

i would take profit at 0.8720-30 area as its 200 ema support on 30 mins chart
Trend is your friend...
  • #349
  • Jun 5, 2009 6:20am Jun 5, 2009 6:20am
Fridays notoriously slow no one wants positions over the week end atm way to volatile news wise..

currently long GBPJPY from 155.82 on this system.

Just close out a long on my system for $2.4k opened yest at
1pm on that large up bar ..will post system with a few more weeks in the bank

things looking good all round ..

Dont forget if there is no signal sit on your hands make a coffee do some thing .. Over trading is a big killer of accounts.

cheers

Paulus
  • #350
  • Jun 5, 2009 6:23am Jun 5, 2009 6:23am
very true, if done trading for the day, either close or open a 100 USD account and trade pennies, it will also grow the account if u stick to the system

155.20 area was good place for long on the 5 min ur fav timeframe

i do not trade today , if not would have taken this trade, best of luck



Quoting Paulus
Fridays notoriously slow no one wants positions over the week end atm way to volatile news wise..

currently long GBPJPY from 155.82 on this system.

Just close out a long on my system for $2.4k opened yest at
1pm on that large up bar ..will post system with a few more weeks in the bank

things looking good all round ..

Dont forget if there is no signal sit on your hands make a coffee do some thing .. Over trading is a big killer of accounts.

cheers

Paulus
Trend is your friend...
  • #351
  • Jun 5, 2009 6:28am Jun 5, 2009 6:28am
Ian SR1

When we trade we have to make only 3 decisions all made before we enter

Crack these 3 things and you will be ride of emotional turmoil when trading

When will i exit with profit
When will i exit with a loss
When will I reverse.

If your TP is hit close
If your SL is hit close

I used to enter a position and close down the chart I watched only my trading application to see positive or negative pips.I did not want to look at the chart I have my stop and profit set I can fret and shout and bully the market it hears no one and move where it wants.

take every signal the system gives close at your SL or TP thats it crack that and if you have a system with an edge ie wins more than it losses in the long run you will make money

P
  • #352
  • Jun 5, 2009 6:36am Jun 5, 2009 6:36am
First let say that I have followed Paulus for the past year and truly want to thank him for all of his work as well as hi insights. I have also quickly become a fan of TudorGirl. I trade the method as originally outlined electing to keep things simple. I've read through all of the posts more than once. Am I missing something?? Has someone come up with a version of the TrendMagic indicator with alerts?? This is something that I really need. Any help would be greatly appreciated. Keep up the fine work!!!
"Amat Victoria Curam" Victory Loves Preparation
  • #353
  • Jun 5, 2009 7:09am Jun 5, 2009 7:09am
nisha,
i entered at 0.8827 and exited at 0.8801. There were more pips on the table but was happy with that. And it is late friday night here in Australia so didnt want to risk it going wrong!! I am done for the week so time to relax.



Quoting nisha4x
have patience, keep ur stop loss at todays high, 30 mins qqe is crossing down, so we will see a 50-60 pips movement down, but not untill 1 and 5 min are pointing in same direction, 1 min has to go up little before coming down

you should have taken short when the 5 mins gave signal around 0.8830 area

i would take profit at 0.8720-30 area as its 200 ema support on 30 mins chart
  • #354
  • Edited 7:33am Jun 5, 2009 7:20am | Edited 7:33am
HI Paulus

Hope you are still in this trade, if NFP is good, then you can expect 160 or higher

good luck on the gy trade

nisha
p.s : spoke to soon, it just spiked up 100 pips, congrats on this trade,

going out now, see u guys on monday london open

Quoting Paulus
Fridays notoriously slow no one wants positions over the week end atm way to volatile news wise..

currently long GBPJPY from 155.82 on this system.

Just close out a long on my system for $2.4k opened yest at
1pm on that large up bar ..will post system with a few more weeks in the bank

things looking good all round ..

Dont forget if there is no signal sit on your hands make a coffee do some thing .. Over trading is a big killer of accounts.

cheers

Paulus
Trend is your friend...
  • #355
  • Jun 5, 2009 7:36am Jun 5, 2009 7:36am
Good day to you,

Incredible the work being done on this thread. Wish you all success. I read through the posts and I would like to offer something for consideration as a possible exit indication.

You will have to play with the variables to see what works in terms of the best possible exist. The VQ indi placed over and set at 10,3,2,1 on the H1 EUR chart seems to show reasonable possible exits and re-entry, should you so prefer.

It might be of no use, just thought its worth investigating as a possible solution.

I am attaching the indi.
Attached Image (click to enlarge)
Click to Enlarge Name: possible exit.gif Size: 16 KB
Attached File(s)
File Type: mq4 VQ.mq4   7 KB | 929 downloads
  • #356
  • Jun 5, 2009 8:45am Jun 5, 2009 8:45am
Quoting TudorGirl
Group delay is a measure of the transit time of a signal through a device under test (DUT), versus frequency. Group delay is a useful measure of phase distortion, and is calculated by differentiating the insertion phase response of the DUT versus frequency. Another way to say this is that group delay is a measure of the slope of the transmission phase response....
Geez Anne,

The formula is skewed by the omission of the proper placement of the bullet into the revolving cylindrical devise attached and then the 180 degree revolvement of the device whereas the subject thereby in control of such device will thereby gently squeeze the attached triggering mechanism causing the inserted metallic object to project forcefully out of the cylindrical apparatus and meet little if any resistance as it hurtles unfettered into the bonehead holding such device.

Further, where is the STOP LOSS placed?

Also, where can I get the easy language code you mentioned earlier?

Thx
  • #357
  • Jun 5, 2009 8:55am Jun 5, 2009 8:55am
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
There is a plethora to chose from. Indi should be as SIMPLE as possible. As mentioned before, a SIMPLE moving average (perhaps a 14 linear weighted with a weighted close for a 5m TF) will suffice as a SL buffer. Entries can be as divulged with you newest vesion that has less lag properties. This will allow a trader to catch each and every decent move on ANY pair or index.

Regards.
  • #358
  • Jun 5, 2009 9:01am Jun 5, 2009 9:01am
I'm very new to this site, first post.
Well at least i have some luck finding this thread.
Many thanks for the work here.

May I ask a few question.?
1. The HG script is for Metatrader so I would need to open an account with a broker that uses this platform ?
2. Is there a version of the HG indi for NinjTrader (which I currently use) ?
3. And/or is there a TrendMagic version for NinjaTrader ?
(I have a SuperTrend indi for NT but this does not look the same.)

I hope my questions are not inappropriate.

Kind Regards
  • #359
  • Jun 5, 2009 9:16am Jun 5, 2009 9:16am
Quoting cd170
I'm very new to this site, first post.
Well at least i have some luck finding this thread.
Many thanks for the work here.

May I ask a few question.?
1. The HG script is for Metatrader so I would need to open an account with a broker that uses this platform ?
2. Is there a version of the HG indi for NinjTrader (which I currently use) ?
3. And/or is there a TrendMagic version for NinjaTrader ?
(I have a SuperTrend indi for NT but this does not look the same.)

I hope my questions are not inappropriate.

Kind Regards
I'd love to take this to Ninja trader too, tick charts are where it's at for me
  • #360
  • Jun 5, 2009 9:20am Jun 5, 2009 9:20am
So many indi's to chose from. Lots of talk on choppy PA. Perhaps a traders choice of chart should also be factored as the 'HG' indi is being developed. Pretty big difference here and I for one prefer a little noise as possible.

I guarantee anyone that the testing and trading results will be different based on the charting variances. Candlesticks have long been recognized as proficient, but the whole idea here is to get the single best trading opportunity based on the least amount of indicators and (human) recognition of potential short term trading swings.

Regards.
Attached Image(s) (click to enlarge)
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