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EUR/GBP Trendmagic System

  • #461
  • Jun 6, 2009 11:31am Jun 6, 2009 11:31am
Quoting TudorGirl
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
A while back, I wrote a very simple swing point marker indicator which I attach as a contribution to this thread. You are welcome to use it as a basis for further development if it has the potential. It does not use RSI but recognises swing points by comparing Highs (or Lows) with the preceding and succeeding bars. Any high bar preceded and succeeded by a lower high is marked as a swing high, as are the corresponding low bars. However, on occasion, there will be multiple high bars marked between 2 swing low bars, whereas I would prefer to have only the highest value between the 2 low points marked as the highest swing point. This would require the ability for the programme to look back in time and remove bars that do not fit this criteria, and depending on the price action this can be up to 10 or 15 bars after the indicator has marked a bar. I have learnt to live with it as I am a newcomer to programming, and my capabilities do not stretch that far. I attach a picture to show what I mean.
Attached Image (click to enlarge)
Click to Enlarge Name: 0906061712 GBPUSD.png Size: 64 KB
Attached File(s)
File Type: mq4 Swing point marker ver 02.mq4   7 KB | 898 downloads
  • #462
  • Jun 6, 2009 11:43am Jun 6, 2009 11:43am
Quoting TudorGirl
I would really like to echo the sentiments of EdgeTrader, who is clearly an experienced and seasoned operator.

We are moving very fast and leaving some folk behind. And also perhaps plunging into putting effort into things we might not need?

I would like to "freeze" the development here for a short while and see how the live trading goes with what we have got. The real traders on this forum seem to think we have all we need already with just TM and TG MTF.

Can we give this a go then re-assess the situation?

Anne
I heavily support it!
Many share my views with me. But I don't share them with them...
  • #463
  • Jun 6, 2009 11:58am Jun 6, 2009 11:58am
Hi Tudor Girl
I think your work on here is nothing short of amazing, and I shall be doing some forward testing starting monday using 0.01 lots live just to dip my oe in the water. Will be using 5 min chart with your MTF indicator. Now I know youmust be a very busy lady but it would sure help me and alot of other guys if you could see your way clear to come up with an alert when all time frames agree, as I am a working guy so cant look at screen all day but could pop to the screen when I hear the alert. Sorry to be a pain.
Kind Regards
Geoff
  • #464
  • Jun 6, 2009 11:58am Jun 6, 2009 11:58am
Seems to be the way to go. If forward testing is to be done on various pairs, then I'd suggest that both sets of the HG be put on the same chart, the existing one and the other yet to be released faster ( or more sensitive) version. The advantage is to see which is better suited to which pair, also which is better suited to different times of the day when volatility varies. In a previous post I remember reading that Anne was indeed looking at both next to each other, so I assume its ready for now and this purpose.
A "sensitivity" setting may do the same.
Regards
Pardy


Quoting TudorGirl
Thanks, Paul.

ALL - can we please now minimise the posts and restrict them to actual trading results until further notice?

Once we have tried this in anger for a week or two we will have a far clearer idea of the way ahead.

Can we take up Nisha's suggestion and all set our charts to the Paulus/TG "minimum setup" and all trade the M5 TF. If we each take various pairs we will get a great feeling for the system performance.

Many thanks for your kind understanding,

Anne
  • #465
  • Jun 6, 2009 12:10pm Jun 6, 2009 12:10pm
Hi Paulus

If you can update your post 1 with TG indi's and the rules ,then all can download that and the template so that all can see the same setup across all pairs, it will be helpful.

thanks

nisha
Trend is your friend...
  • #466
  • Jun 6, 2009 12:18pm Jun 6, 2009 12:18pm
Quoting nisha4x
Hi Paulus / Anne and others on the thread

I would suggest we setup a team here who can have a look at one or two currency pairs and let them try it on live account with 0.01 lots and lets see the result till this month end. Let all of us stick to 5 min timeframe.

This way, u will have extensive forward tests and any chinks can then be diagnosed and cured.

just my 2 cents

nisha
Much is set forth through the years on back and forward testing along with demo and live trading. I will provide a personal perspective that should in no way be interpreted as pro or con either way. It is simply fact!.

All PA indi's show results from predominantly HISTORICAL PA. As such, demo test an indi on such PA is adequate to provide the key ingrediant to successful trading, especially that on the lower TF's. That is, as mentioned several times, the resulting testing MUST produce a trading plan that delivers a POSITIVE EXPECTANCY on a per trade basis.

Simply stated, your trading must deliver more gain on your winning trades than that suffered by a losing trade. The Indi developed by Anne, and the one utilized by Paul (TG and TM respectively) already do so by my own meager calculations. They operate in general on a 56.4% win/loss ration, but more importantly, have a PE of approx. 2.716. Once the indi is recoded to allow a bit more sensitivity on the lower TF's, I fully ecpect the PE to increase as will the W/L ratio.

While Anne is understandably adamant on refusal to provide source code, the natural progression here will eventually lead to traders being able to aquire the coding needed to set forth the indi in other formats such as 'easy language'. Time will tell if this comes to fruition.

So, in order to expedite the evolutional aspects presented in this thread, what do we do now. Simple! Run your backtesting and gather your results with regards to obtaining a PE!!! Should take you but a few hours to obtain such provided you have simulator capability.

At that point, your evolution as a trader is going to be put to the test. Can you take the results derived and trade each signal given by your indicator without emotional attachment? The answer is NO! At least not in the beginning as your very nature will pit your own thought process against that of your indicator. You will find yourself trying to anticipate the PA developing in front of you and will enter and close trades counter to the indicator, especially based on the volatility of the lower TF's.

Have no fear, this will pass!!!!!

On an even better note, the backtesting that can be completed by the technological advances present in the world today by top end brokerages is simply astounding. I hope both Anne and Paul will concur with my findings that 'numbers do not lie!'. They are what they are.

The only thing you, as a trader, will need to develop is you unwavering faith in your chosen indicator. In essence, you will transform your thought process from that of 'possibility' to that of 'probability'. In the end, you will simply find that, based upon your research and calculations, each trade you put on will be based on a 'probability' that you will win more times than you lose and that your winnings trades will provide more gain than those you suffer on losing trades, WHICH YOU WILL HAVE REGARDLESS OF ANYTHING!!!! Perfection when trading is an ILLUSION!!!

One last thing, my preferred charting system is quite different that that of many following this thread. As such, I will do my testing based on such and it WILL differentiate result wise than that of others. However, we again have a build in evolutional expectation that one charting capability will surpass that of another from a trading results perspective.

That little addition will only benefit all of us in the end as the purpose here is to get the best possible trade setup and result as possible. Will be a very interesting and exciting week ahead. Am profoundly grateful to be able to interract and take part in the journey before us. Who said life was boring? This is good s***!!!!!!!

"TG", you have found some LOVE here. May not be what your heart is seeking, but, and I hope to speak for all here, you are quite special!

And Paul, my friend, I know your trials and tribulations over the past year better than many. You will always be held in the HIGHEST of regard by both myself and hopfully the trading community in its entirety.

Now, let's 'GIT ER DONE!!!!'

Regards.

Trading should be BORING!!! You do not need the adrenaline rush you incur when trading as it clouds your perceptions of PA.
  • #467
  • Jun 6, 2009 12:51pm Jun 6, 2009 12:51pm
I use an indicator called CatFX50_nk and its made me money even before TM but now with TM its even better. Only problem is it needs a pop up for when the Trend Magic crosses and email also. I use it to hold me in the trend and not close out positions prematurely. TG can you do your magic?
Before TM I would have closed out my Buy position with this pull back.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp-jpy m15.gif Size: 15 KB
Attached File(s)
File Type: mq4 CatFX50_nk.mq4   4 KB | 904 downloads
File Type: ex4 CatFX50_nk.ex4   5 KB | 751 downloads
  • #468
  • Jun 6, 2009 1:03pm Jun 6, 2009 1:03pm
Quoting mgs1f
I use an indicator called CatFX50_nk and its made me money even before TM but now with TM its even better. Only problem is it needs a pop up for when the Trend Magic crosses and email also. I use it to hold me in the trend and not close out positions prematurely. TG can you do your magic?
Before TM I would have closed out my Buy position with this pull back.

Please sand me your template...that is correct what i was trying to find...

I am tradeing 15 min chart to

If it is not problem to you...

Regards
Work smart not hard
  • #469
  • Jun 6, 2009 1:12pm Jun 6, 2009 1:12pm
Goes without saying what a great job Paul and and Anne have done here, so I'll say it anyway Many thanks, I've been reading the thread since it started.

I'm going to be trading this "live" from Monday, on the 5m TF with at least 4 pairs. By live, I mean I'll be trading it in real time but on a demo account.

If a few of us are doing this, it would be good to get a standard set of rules together for entry and exit so comparisons are valid.

For example, at the moment (although I'll revisit over the weekend) I am considering the following, having gone through some backtesting on a few pairs:

Only open a trade if all 4 indicators are same colour. (Or maybe that should be only 3, or 2?)

Use the SL method identified by Paulus of moving it as per the TM horizontals. (Or maybe that should be break of TM line by price, although testing doesn't sell that to me...)

I'm also considering only taking the trade if the TM horizontal is positioned correctly, i.e. below current price for a long and above current price for a short.

I'm sure, as with different indicators, there can be lots of suggestions but let's keep to the KISS standard.

I also suggest Paulus and or Anne (if they don't object) should be the abitrators in deciding what the exact entry/exit criteria should be?
Full-time trader and loving it!
  • #470
  • Jun 6, 2009 1:26pm Jun 6, 2009 1:26pm
Edgetrade,

This a great post. Thanks for giving your insight and sharing your experiences.

rptrader

Quoting Edgetrader
Much is set forth through the years on back and forward testing along with demo and live trading. I will provide a personal perspective that should in no way be interpreted as pro or con either way. It is simply fact!.

All PA indi's show results from predominantly HISTORICAL PA. As such, demo test an indi on such PA is adequate to provide the key ingrediant to successful trading, especially that on the lower TF's. That is, as mentioned several times, the resulting testing MUST produce a trading plan that delivers a POSITIVE EXPECTANCY on a per...
  • #471
  • Jun 6, 2009 1:30pm Jun 6, 2009 1:30pm
Quoting sony
Please sand me your template...that is correct what i was trying to find...

I am tradeing 15 min chart to

If it is not problem to you...

Regards
No problem Sony I think this is all we need with good Eyes and quelled emothion and Fibonacci to set TP and stop loss levels as the trade progresses. I did it this week on 0.02 lots on the 5M time frame and made $983.54 on EU/US EU/JPY and GB/ JPY. Adding USD/CAD next week and movint to 15M so I do not go crazy. Oh my account is live with FXDD.
Attached File(s)
File Type: mq4 ttm-trend.mq4   3 KB | 1,069 downloads
File Type: tpl trend majic for life.tpl   7 KB | 947 downloads
File Type: mq4 CatFX50_nk.mq4   4 KB | 899 downloads
  • #472
  • Jun 6, 2009 1:43pm Jun 6, 2009 1:43pm
Those are great results mgs! Thanks for sharing your setup.

rptrader

Quoting mgs1f
No problem Sony I think this is all we need with good Eyes and quelled emothion and Fibonacci to set TP and stop loss levels as the trade progresses. I did it this week on 0.02 lots on the 5M time frame and made $983.54 on EU/US EU/JPY and GB/ JPY. Adding USD/CAD next week and movint to 15M so I do not go crazy. Oh my account is live with FXDD.
  • #473
  • Jun 6, 2009 2:17pm Jun 6, 2009 2:17pm
The CatFX50 is just a fancy name for a revamped 55MA. There's nothing new or really advantagous about using it alone.

While there are ways to make this alledged super-indicator (NOT) better as both Paulus and TG has stated several times now "NO NEW INDICATORS ARE NEEDED OR WANTED!" But as usual, I guess there's people posting that don't read the thread. I can certainly appreciate someone wanting to post what they think is hot as their 'contribution', but IMHO you've got two of the hottest thinkers in the FF working on getting this system to be super-hot now. Adding old and tired and for the most part useless indicators aren't going to contribute anything except confusion.
  • #474
  • Edited 2:44pm Jun 6, 2009 2:34pm | Edited 2:44pm
Quoting mgs1f
No problem Sony I think this is all we need with good Eyes and quelled emothion and Fibonacci to set TP and stop loss levels as the trade progresses. I did it this week on 0.02 lots on the 5M time frame and made $983.54 on EU/US EU/JPY and GB/ JPY. Adding USD/CAD next week and movint to 15M so I do not go crazy. Oh my account is live with FXDD.

Do you wait for all blue or red lights for trade?

Sand me that tudor girl staff too..if you can...

sheck sweet spot finder indy in last 10 pages you can find it..Guy, Garshid sand it...

O i find it..dont sand me...

May help you too
Work smart not hard
  • #475
  • Jun 6, 2009 2:50pm Jun 6, 2009 2:50pm
Quoting mgs1f
I use an indicator called CatFX50_nk and its made me money even before TM but now with TM its even better. Only problem is it needs a pop up for when the Trend Magic crosses and email also.....

......TG can you do your magic?
I can do anything I want.

The next generation of indy's has

- full sensitivity control for accurate matching to any timeframe,
- audio alerts,
- email alerts,
- SMS text alerts,
- API interface to TradeStation, NinjaTrader and NeuroShell Trader,
- full EA integration for automated trading
- plus several other features requested by individuals.

But it is very unlikely that they will appear in this forum.

The forum is full of undiciplined louts who won't read the full thread and who are not abiding by the wishes of the majority of serious members.

Paulus and I have received invitations to take this whole thing to a closed forum. We are very tempted to do this.

It is very obvious who are the serious players and who are the timewasters.

The former will receive private invitations to join the closed group.

The latter will not.

TG
  • #476
  • Jun 6, 2009 2:53pm Jun 6, 2009 2:53pm
Quoting mgs1f
I use an indicator called CatFX50_nk and its made me money even before TM but now with TM its even better. Only problem is it needs a pop up for when the Trend Magic crosses and email also. I use it to hold me in the trend and not close out positions prematurely. TG can you do your magic?
Before TM I would have closed out my Buy position with this pull back.
Hi all

I said it and here they come, with their tinkering requests, before you know it the charts are choked up...and the candles are clogged.

they say lets take trades and report back... AAAHGGGHHHH!!!

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #477
  • Jun 6, 2009 2:54pm Jun 6, 2009 2:54pm
TG,

For trend magic indicator can you put please extern settings ?

Confirmed traders can suits it maximum to their trading styles.

Thanks !
  • #478
  • Jun 6, 2009 2:59pm Jun 6, 2009 2:59pm
Quoting Flamenco143
The CatFX50 is just a fancy name for a revamped 55MA. There's nothing new or really advantagous about using it alone.

While there are ways to make this alledged super-indicator (NOT) better as both Paulus and TG has stated several times now "NO NEW INDICATORS ARE NEEDED OR WANTED!" But as usual, I guess there's people posting that don't read the thread. I can certainly appreciate someone wanting to post what they think is hot as their 'contribution', but IMHO you've got two of the hottest thinkers in the FF working on getting this system to...
Good ole Flamenco! Don't hold back old friend, tell us whats on your mind!!

In addition, it has already been decided to work with the 5m chart for the next week. Focus on one thing first, do it right, then move on.

Regards.
  • #479
  • Edited 3:24pm Jun 6, 2009 3:01pm | Edited 3:24pm
Quoting TudorGirl
I can do anything I want.

The next generation of indy's has

- full sensitivity control for accurate matching to any timeframe,
- audio alerts,
- email alerts,
- SMS text alerts,
- API interface to TradeStation, NinjaTrader and NeuroShell Trader,
- full EA integration for automated trading
- plus several other features requested by individuals.

But it is very unlikely that they will appear in this forum.

[b]The forum is full of undiciplined louts who won't read the...
Fair play. I probably won't get an invite as I have only just joined this thread but good luck with any future developments. The work that has been done to date will definitely help my trading so thanks for that.
  • #480
  • Jun 6, 2009 3:08pm Jun 6, 2009 3:08pm
Quoting Kosomolate
Hi all

I said it and here they come, with their tinkering requests, before you know it the charts are choked up...and the candles are clogged.

they say lets take trades and report back... AAAHGGGHHHH!!!

kos
Sorry if I ruffled your feathers and Paulus and TGs also it was not intented. I am here to offend anyone just to share my experience which is a 85% success rate with the addition of this indi. It prevents me from getting emmotional during the trade. If you do not like it do not use it. I use it for exit when TM crosses it after entry so whats the big fuss?
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