Attachments: EUR/GBP Trendmagic System

EUR/GBP Trendmagic System

#621
Jun 7, 2009 4:47pm Jun 7, 2009 4:47pm

teldon
| Joined Oct 2007 | Status: Trader | 61 Posts

hi, i have been following this thread since the begining but lately i am a little confused as to what the rules....
1. what are the indicators that are to be used
2. for the entry the system
3. the time frame that is the best
4. the exit for the trade.

if anyone who is successfully trading this can help us out.

Thank you in advance.

#622
Jun 7, 2009 4:58pm Jun 7, 2009 4:58pm

Paulus
Joined Dec 2007 | Status: Trader | 2,600 Posts

Teldon post 1 has it all layed out in the link ,now write 1000 times

I must start each thread by reading post 1 !! hehe

im now off to bed already 35 pips up on GBPJPY on one of my systems

Night night all its been fun

and hey........

BE CAREFUL OUT THERE !

#623
Jun 7, 2009 5:50pm Jun 7, 2009 5:50pm

BenQ
| Joined Jun 2006 | Status: Trader | 1,050 Posts

I mentioned constant range bars in a previous post to reduce noise. Attached is a 30 pip range bar chart where each bar equals 30 pips. And also a 10 pip range chart. Trend magic looks good, but I had forgotten when I mentioned this option that the MTF version would not work because it is time based, whereas range bars are not.

And the period converter script does work as I decribed it earlier.

Attached Image(s) (click to enlarge)

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Name: range bars.gif
Size: 19 KB

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Name: range bars2.gif
Size: 14 KB

#624
Edited 6:07pm Jun 7, 2009 6:01pm | Edited 6:07pm

bruiser
| Joined Jul 2008 | Status: Trader | 27 Posts

Hi everyone,

First, thanks Paulus and TudorGirl !!!
This thread is great .

As far as the "time" question, even though other solutions have been posted, I thought these two sites might be helpful.

World Clock

World Financial Markets

Steve

#625
Jun 7, 2009 6:21pm Jun 7, 2009 6:21pm

Pardy
| Joined Jan 2008 | Status: Trader | 615 Posts

Hi BenQ,

Could you post your CRB indicator for mt4 please. Whats been your experience with CRB's? Thanks.
Pardy

Quoting BenQ

Disliked

I mentioned constant range bars in a previous post to reduce noise. Attached is a 30 pip range bar chart where each bar equals 30 pips. And also a 10 pip range chart. Trend magic looks good, but I had forgotten when I mentioned this option that the MTF version would not work because it is time based, whereas range bars are not.

And the period converter script does work as I decribed it earlier.

Ignored

#626
Jun 7, 2009 6:25pm Jun 7, 2009 6:25pm

teldon
| Joined Oct 2007 | Status: Trader | 61 Posts

Quoting Paulus

Disliked

Teldon post 1 has it all layed out in the link ,now write 1000 times

I must start each thread by reading post 1 !! hehe

im now off to bed already 35 pips up on GBPJPY on one of my systems

Night night all its been fun

and hey........

BE CAREFUL OUT THERE !

Ignored

i got it
thanks for the help

#627
Jun 7, 2009 6:40pm Jun 7, 2009 6:40pm

BenQ
| Joined Jun 2006 | Status: Trader | 1,050 Posts

I'm sorry, I cannot. It's a commercial piece . There's a couple free ones floating around, but I have never tried them.

The main trading I do is on higher TFs, but when I want to scalp I always come back to CRBs because there's much less noise. From the looks of that 10 pip CRB I posted, you can almost take every signal and end with a net positive result. It looks good on gbpjpy as well.

Quoting Pardy

Disliked

Hi BenQ,

Could you post your CRB indicator for mt4 please. Whats been your experience with CRB's? Thanks.
Pardy

Ignored

#628
Jun 7, 2009 6:46pm Jun 7, 2009 6:46pm

a777
| Joined Aug 2007 | Status: Trader | 63 Posts

Quoting Gleneagles

Disliked

I have traded this method live now on 3 pairs and have done 41 trades.

I trade GBPUSD, GBPJPY, EURJPY and/or EURUSD in that order of preference.

Ignored

Hi Gleneagles,

Regarding your post #595 the equity curve is almost completely flat from trades #14 to 27. Were you testing and trading with extremely small lot sizes during that period or was your trailing stop hit at breakeven nearly every time?

The reason I ask is if it was your TS being hit perhaps modifying it could increase profitability. Maybe you could explain if you were moving it up every 10 pips as price increased or exactly how you were manually trailing your SL.

And is it correct you got 40 wins out of 41 trades during the time you were trading this live? No other off chart losses?

Thanks.

#629
Jun 7, 2009 7:06pm Jun 7, 2009 7:06pm

teldon
| Joined Oct 2007 | Status: Trader | 61 Posts

sorry, but what is a CRB?

#630
Jun 7, 2009 7:07pm Jun 7, 2009 7:07pm

orientos
| Joined Mar 2005 | Status: Trader | 501 Posts

Constant Range Bar.

#631
Jun 7, 2009 7:10pm Jun 7, 2009 7:10pm

fxxx
| Joined Dec 2007 | Status: Trader | 475 Posts

good links 2 crb pls?

#632
Jun 7, 2009 7:10pm Jun 7, 2009 7:10pm

Pardy
| Joined Jan 2008 | Status: Trader | 615 Posts

Hi, just PM'd you.

Pardy

Quoting BenQ

Disliked

I'm sorry, I cannot. It's a commercial piece . There's a couple free ones floating around, but I have never tried them.

The main trading I do is on higher TFs, but when I want to scalp I always come back to CRBs because there's much less noise. From the looks of that 10 pip CRB I posted, you can almost take every signal and end with a net positive result. It looks good on gbpjpy as well.

Ignored

#633
Jun 7, 2009 7:20pm Jun 7, 2009 7:20pm

BenQ
| Joined Jun 2006 | Status: Trader | 1,050 Posts

I don't know where you can get the free versions, but I've seen them here in FF. And as for the commercial one, I don't want to post a commercial link in this thread, but the author is a well known programmer, Ph.d level I believe. I think if you find any thread on CRBs, you'll likely find him --Michal Rutka.

And I don't want anybody to get off track here. CRB is not an extra indicator, just a way to view price with less noice.

Quoting fxxx

Disliked

good links 2 crb pls?

Ignored

#634
Jun 7, 2009 8:39pm Jun 7, 2009 8:39pm

Antra
Joined Jun 2004 | Status: Trader | 387 Posts

[quote=Pardy;2785549]Just responding to someone who posted about nonstandard mt4 tf's being offline.

Just to clarify, you can have tf's in real time on mt4 in multiples of 1 min, such as m2/3/6/7/8/10 etc and even h2/h3 etc.

I attach below a period converter indicator ( I understand this is less resource intensive than the one available within mt4). Load this to your 1min tf for your selected pair. In properties, period, select the tf you want such as 2 for m2. Now go to File, Open Offline. Double click the pair tf that will be shown, and simply add your indicators/template.

I have checked on the m2 tf and TG's indis work on it. You get less noise than m1 naturally.

Note you must not close your m1 chart, for the m2 is running off this m1 chart. You may minimise it.

If you wish, you can add another or as many instances of the period converter specigying whatever tf you want, and follow the same process.

Hope this helps in testing tf's other than the standard mt4 ones.

Regards

Pardy[/QUOTE ]

The Period Converter Opt works quite well tho I did keep having a few intermitant update problems with the one you posted Pardy.
I will attach the current one that I use (Opt3) which works extremely well with no updating issues. Note also to tick the 'Allow DLL imports' on the COMMON tabs of the indi set up.
Cheers
Antra

Attached File(s)

Period_Converter_Opt3.ex4 9 KB | 644 downloads

Period_Converter_Opt3.mq4 15 KB | 837 downloads

#635
Jun 7, 2009 9:12pm Jun 7, 2009 9:12pm

Antra
Joined Jun 2004 | Status: Trader | 387 Posts

11 min charts?
The converter works a treat!!!!

Attached Image

#636
Jun 7, 2009 9:50pm Jun 7, 2009 9:50pm

Blud4oilPrgm
| Commercial User | Joined Jun 2008 | 388 Posts

Hey guys, I wanted to start a separate thread on the topic of pair selection, so this one won't get too cluttered while things continue to progress. Thanks.

http://www.forexfactory.com/showthread.php?t=174048

#637
Jun 7, 2009 9:52pm Jun 7, 2009 9:52pm