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

  • #421
  • Jun 6, 2009 6:06am Jun 6, 2009 6:06am
Quoting Paulus
Hi TG

See what you have done here .. fast beyond belief but not quite the type of formation I meant

[.....]
OK!! Now I see what you want.

Leave it with me. Will think about it while ironing then see what I can do....

Anne
  • #422
  • Jun 6, 2009 6:15am Jun 6, 2009 6:15am
let me try and think like a piece of code for a moment

If you look at the chart I will try and think logical and written piece of code

A - Code looks at RSI and puts in a swing high point once the next candle has formed

B - another swing high on RSI put into place on the following bar code looks at the point at A in relation to price level and concludes we have made a HH

C - another swing high on RSI put into place on the following bar code looks at the point at B in relation to price level and concludes we have made a HH

D - another swing high on RSI put into place on the following bar code looks at the point at C in relation to price level and concludes we have made a LH and gives us a red dot or a red block in bottom panelHope that helps

As you can see the down bar after point D is picking a potential reversal of a trend and the potential start of a new trend as the lower high has been put in or in trading terms the buyers have run out of puff and have come over to the short side..question..is this a new trend starting ? its 7 bars ahead of TM ..interesting .. may be a good point to be ready for the 1st blue block..or for aggressive traders to enter then adding on the 1st blue block.... also from an EA point of view a nice place to put the stop would be initialy at point C once TM goes red it moves down to point D and then moves down with TM as outlined in previous posts



P
Attached Image (click to enlarge)
Click to Enlarge Name: rsi hh hl.gif Size: 35 KB
  • #423
  • Jun 6, 2009 6:23am Jun 6, 2009 6:23am
Hi Anne

Found this file, see if u can see the logic behind this, as it finds the TOPS/Bottoms quite well on all timeframes, it does repaint thou, have not tested it fully, maybe u may get some clue from it, put on a chart and notice it

nisha


Quoting TudorGirl
OK!! Now I see what you want.

Leave it with me. Will think about it while ironing then see what I can do....

Anne
Attached File(s)
File Type: mq4 #4X 3 Semafor Alert.mq4   14 KB | 1,153 downloads
Trend is your friend...
  • #424
  • Jun 6, 2009 6:24am Jun 6, 2009 6:24am
Hi Paulus/Anne,

It'll be a bit like the divergence indicators, where they look for hh/hl etc say on the rsi in comparison to price.

Just a starting point I think on what ure looking, could be wrong.
To look for possible turning points, on a higher tf say 15 min upwards, combination of candle pattern( say a pinbar) with divergence, and at a pivot/ s r point could be good. A trader friend of mine trades purely what he calls exhaustion candles preferably coupled with divergence on tf's 15/30/60/240 and does quite well!

Could be useful as a heads up alert to a relative top/bottom and a direction change.

Look forward to your insight on this.

Regards
Pardy


Quoting Paulus
Hi TG

See what you have done here .. fast beyond belief but not quite the type of formation I meant

I can see your candle picks out a lower high and if that candle is within the body of the 1st ..but Im not talking about candle stick formations ie morning star ie a combination of candles that itself makes a formation or individual candles.

Rather Im talking about higher lows and lower highs in the actual swing of price.One way this can be done from a coding point of view( I did work for some time with a guy but he had to give up...
  • #425
  • Jun 6, 2009 6:48am Jun 6, 2009 6:48am
In the words of EdgeTrader's avatar, I am "Thinking Real Hard"!

Anne
  • #426
  • Jun 6, 2009 6:51am Jun 6, 2009 6:51am
Apologies this is script and chart are for NinjaTrader.
I don't have MetaTrader.

Not sure if MetaTrader has something already along these lines but wanted to offer some contribution.

The intensity of the swing is ajustable (set to 15 on image)

Hope it helps for some ideas.

Kind Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Swing HL $GBPUSD 6_5_2009 (30 Min).jpg Size: 87 KB
  • #427
  • Jun 6, 2009 7:02am Jun 6, 2009 7:02am
Paulus and Tudor Girl ... what you are achieving here is amazing. This is by far the most generous and helpful thread I've visited.

Well done ... and thank you both (and the other contributors to the thinking) so much for your outstanding efforts.

Best wishes, Richard.
  • #428
  • Jun 6, 2009 7:35am Jun 6, 2009 7:35am
Quoting TudorGirl
In the words of EdgeTrader's avatar, I am "Thinking Real Hard"!

Anne
Anne,

Sent you a couple of follow up PMs. When you get a chance. I know you are real busy "thinking hard" :-) and we appreciate that.

Bill
SirWolf
Believe and Achieve!
  • #429
  • Jun 6, 2009 8:55am Jun 6, 2009 8:55am
OK, going on from Paulus' post #423, recognising swing highs and lows in a programmatic manner is very difficult.

I think I am going to use a Fuzzy-logic SVM (Support Vector Machine) approach to the pattern recognition. Very tricky to program but powerful when you get it right.

Hope to have a Mark I indy to post in due course....

Anne
  • #430
  • Jun 6, 2009 9:15am Jun 6, 2009 9:15am
hi all

thanks paulus, thanks TG for the wonderful effort

pls dont let this thread go the way of the other ones, as it is now it has gotten to the peak.

I suspect the next move now is that a set of people will move in with their indicators and request for tinkering with the original system in the name of looking for filters till it becomes non-profitable

other set of people will come with the result of discouraging backtesting results knowing well that backtesting is somehow subjective and not reliable

Finally, when they have ruined the pips party they move on to another thread with the same set of indicators all over the threads

im begining to wonder if this trend is not sponsored

pls paulus and anne its working, only I dont want to mention figures

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #431
  • Jun 6, 2009 9:18am Jun 6, 2009 9:18am
kosomolate has a very good point. Perhaps the nest generation you're working on with less lag is all we need.
  • #432
  • Jun 6, 2009 9:20am Jun 6, 2009 9:20am
I support you fully, dont mend which is not broken, it works well as it is. Entries and exits are all the discretion of the trader, the risk level they can manage etc and their goals.

if anyone wants to add any indi's, let them do so seperately, here we should discuss only what paulus and TD are sharing. Period.

nisha

P.s : Paulus, is there anyway u as the moderator of this thread can remove posts which dont concern with the development of this strategy or indi,so as to keep this thread free of all unrelated topics

Quoting Kosomolate
[font=Fixedsys]hi all

thanks paulus, thanks TG for the wonderful effort

pls dont let this thread go the way of the other ones, as it is now it has gotten to the peak.

I suspect the next move now is that a set of people will move in with their indicators and request for tinkering with the original system in the name of looking for filters till it becomes non-profitable

other set of people will come with the result of discouraging backtesting results knowing well that backtesting is somehow subjective and not reliable

Finally, when they have...
Trend is your friend...
  • #433
  • Jun 6, 2009 9:27am Jun 6, 2009 9:27am
Ok, ok, i'm sorry for my last post. I'm only try to invent system, which gets me verdict that my decision of entry to trade was good or not as soon as possible. If yes, gets me some profit, if not, i can exit with loss, but indecision of (very good, of course) indicator take me frustrating. I try to constructive discuss, you needn't insult me So, the attachment is a backtest, but i had the same on forward testing, when markets was open. Now i cannot do anything else than backtesting
Do you want an EA for your own profitable system? E-mail or PM me.
  • #434
  • Jun 6, 2009 9:55am Jun 6, 2009 9:55am
Quoting BenQ
kosomolate has a very good point. Perhaps the nest generation you're working on with less lag is all we need.
Indeed, BenQ... I repeat myself... LESS is MORE...

It's a feeling everybody experiences... "well this system is working fine... but I got some losses"... "what indicator could I add to avoid/minimize those losses?"... Answer: NONE... There is no system without losses. Period. This particular one is showing a great potential, more than 99% of others indi-related system around....

It's hard in the beginning to watch a CLEAN chart... One can feel kind of insecure... but we must get used to it... Add only what matters, cause the best indicator is already there: The Market...

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #435
  • Jun 6, 2009 9:58am Jun 6, 2009 9:58am
Quoting TudorGirl
Hi All

Steve is right. As I said in post #81 where I posted the indy....

"Please find my bar indy attached. Nothing to adjust - everything is set to Paulus' optimised settings. I tried others but it fails. If you want an absolute MINIMAL install, you ONLY need this indy. The TrendMagic, BB MACD, LRSI etc are all inside. But it is kinda nice to see the indy's on the chart as well."

Please don't load down the charts with other stuff. It is too confusing/conflicting. It is nice to keep MagicTrend just cause its pretty, but ALL YOU NEED...
Hi all, a great thread and a good system. Just one question...Anne are you married???
  • #436
  • Jun 6, 2009 10:00am Jun 6, 2009 10:00am
Quoting notch
Hi all, a great thread and a good system. Just one question...Anne are you married???
Not very often...

Anne
  • #437
  • Jun 6, 2009 10:07am Jun 6, 2009 10:07am
Quoting HouseTrader

It's a feeling everybody experiences... "well this system is working fine... but I got some losses"... "what indicator could I add to avoid/minimize those losses?"...

It's hard in the beginning to watch a CLEAN chart...

HT
Yes, you are all right. I counting with my trading has some lossing trades. It's never be a new. But I try to filter "unusual noise", if it is possible. Noise aren't "neccesary" loses... Never more, never less...... If isn't possible, don't matters, but I need to ask for it - i mean that is part of constructive discuss...Understand it?

Second sentence in quote: Yes, I mean the same, no more indicators than one need. I know it, and I have "better breath" with less indi....
Do you want an EA for your own profitable system? E-mail or PM me.
  • #438
  • Jun 6, 2009 10:08am Jun 6, 2009 10:08am
Well, here is my first cut at the new indy based on the principles outlined by King Paul.

The code is complex. It derives the swing highs and lows from the RSI. By default, the RSI is set to 3 as per the examples above. You can change this but I wouldn't recommend it. As ever, it is pretty much optimum!

Just a first attempt - let me know if it is what we want...

Queen Anne
Attached File(s)
File Type: ex4 TudorGirl_Swing_Hi_Lo.ex4   4 KB | 2,022 downloads
  • #439
  • Jun 6, 2009 10:10am Jun 6, 2009 10:10am
Quoting TudorGirl
Not very often...

Anne


Well this one caught me... This girl knows how to amaze people!

http://feww.files.wordpress.com/2008...d-monkey-1.jpg

Many share my views with me. But I don't share them with them...
  • #440
  • Jun 6, 2009 10:12am Jun 6, 2009 10:12am
Quoting Horrigan
Ok, ok, i'm sorry for my last post. I'm only try to invent system, which gets me verdict that my decision of entry to trade was good or not as soon as possible. If yes, gets me some profit, if not, i can exit with loss, but indecision of (very good, of course) indicator take me frustrating. I try to constructive discuss, you needn't insult me So, the attachment is a backtest, but i had the same on forward testing, when markets was open. Now i cannot do anything else than backtesting
I'm very sorry Horrigan, no insult intended.

instead of me backtesting, I have been following this system with 0.01 on a live account since beginning and it's simply been OK.

that's my own way of testing a system

kos
John 3:16 - From THIS love no power on earth can me sever.
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