EUR/GBP Trendmagic System | Page 33 | Forex Factory

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EUR/GBP Trendmagic System

  • #641
  • Jun 7, 2009 11:02pm Jun 7, 2009 11:02pm
Quoting Eaty
can some 1 explain how to use the period convector? I tick the dll already but don't see anything at all.
Open a 1 m chart and on this chart place the Period Converter Opt 3.

In the Common tab tick both boxes

In the INPUTS tab change the Period Multiplier to 11 ( this means you are changing a 1 m chart to 11 mins) ie you can put this on a 1 hr chart and put 2 in the Period Multiplier and then you will have a 2 hr chart...

then...

close the indi and go to FILE and open the OPEN OFFLINE where you will get a window listing various currencies and here you will choose to open the chart that will show M11. Place your indi template on this and off you go. Always keep the 1 m chart minimised.

PM me if you have any problems.

Cheers
Antra
  • #642
  • Jun 7, 2009 11:06pm Jun 7, 2009 11:06pm
more info here

http://codebase.mql4.com/277
  • #643
  • Edited Jun 8, 2009 12:38am Jun 7, 2009 11:44pm | Edited Jun 8, 2009 12:38am
Two quick trades based solely on this system. Correction - 2nd trade was a bit aggressive as only 5m had turned red. Enjoy.

Cheers,
MB
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  • #644
  • Jun 7, 2009 11:53pm Jun 7, 2009 11:53pm
hi Gleneagles

can you put on Same mtf indicator ,thanks!
  • #645
  • Jun 8, 2009 12:29am Jun 8, 2009 12:29am
Gleneagles, Just to make sure, this means 7 AM - 12 AM UK time, right?
Quoting Gleneagles
Post # 595 refers.

Trading times should read 06h00 GMT-11h00 GMT not 07h00 GMT-11h00 GMT.
  • #646
  • Jun 8, 2009 12:50am Jun 8, 2009 12:50am
Quoting a777
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...
Hi,

I started of with only 3 mini lots per trade with the first few trades, increased it to 6 mini lots and the last couple of trades were done with 6 full lots (100k). The loss was 25 pips traded on EURUSD with 6 mini lots.
" Never let the past hold the future to ransom "
  • #647
  • Jun 8, 2009 12:55am Jun 8, 2009 12:55am
Quoting challenger78
Gleneagles, Just to make sure, this means 7 AM - 12 AM UK time, right?
Right.
" Never let the past hold the future to ransom "
  • #648
  • Jun 8, 2009 12:56am Jun 8, 2009 12:56am
Quoting BenQ
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.
Where can we get a way to build a pip range bar chart?
  • #649
  • Jun 8, 2009 1:01am Jun 8, 2009 1:01am
OK
Off and running
Geoff
  • #650
  • Jun 8, 2009 1:10am Jun 8, 2009 1:10am
Watching the GBP/USD and GBP/JPY...both had decent entries 5 minutes ago
  • #651
  • Jun 8, 2009 1:18am Jun 8, 2009 1:18am
Quoting cyclone35
Watching the GBP/USD and GBP/JPY...both had decent entries 5 minutes ago
Right, in line with the longer term trend, as well as a breakout of the Asian range.

Hope you traded it!

I was slow this morning and missed the first TP target of 30 pips.
1 lot open with +8 pips locked in.
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" Never let the past hold the future to ransom "
  • #652
  • Jun 8, 2009 1:25am Jun 8, 2009 1:25am
Quoting Gleneagles
Right, in line with the longer term trend, as well as a breakout of the Asian range.

Hope you traded it!

I was slow this morning and missed the first TP target of 30 pips.
1 lot open with +8 pips locked in.
I got some nice pippage on G/U as well
  • #653
  • Jun 8, 2009 1:26am Jun 8, 2009 1:26am
Quoting Gleneagles
Right, in line with the longer term trend, as well as a breakout of the Asian range.

Hope you traded it!

I was slow this morning and missed the first TP target of 30 pips.
1 lot open with +8 pips locked in.

I managed to grab it as well...although I'd never be able to stomach 3 standard lots. Nice work!
  • #654
  • Jun 8, 2009 1:29am Jun 8, 2009 1:29am
Hi Gleneagles
On your gbp trade all time frames had been red for quite some time(at least 10 5min candles on my chart) I was undr the impression we should wait for a blue and then when it goes red again get in, or am I talking rubbish
Geoff
  • #655
  • Jun 8, 2009 1:43am Jun 8, 2009 1:43am
ok bit of a situation here

1 bar from the end of my Asian session I had a signal but the close was above TM ..the next bar it broke down and on this bar the 30 min went red to give us 3 in a row so I took the short

My initial stop was at the swing high as marked my stop is now where the the 3rd SL line is..

Entry 156.52

SL now at 156.43

P
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  • #656
  • Jun 8, 2009 2:00am Jun 8, 2009 2:00am
Quoting GEOFFREY62
Hi Gleneagles
On your gbp trade all time frames had been red for quite some time(at least 10 5min candles on my chart) I was undr the impression we should wait for a blue and then when it goes red again get in, or am I talking rubbish
Geoff
This is what I looked at when I took the trade.

1) Is it in line with main trend?
2) All TF in agreement?
3) New Hi/Low break of sup/res?
4) Asian range breakout?
5) No key daily high/low or pivot point within 15 pips?
6) Finally, does it look/feel right?

I am not sure if it falls 100% within the rules you are referring to but it meets my trading criteria.
Paulus, if I muddy the water please let me know, no need to stray too far
from the straight and narrow.
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" Never let the past hold the future to ransom "
  • #657
  • Jun 8, 2009 2:06am Jun 8, 2009 2:06am
Entry trigger is going to be either the HG indicator changing colour when price is right side of TM, or price moving to right side of TM when HG already set up.

So your entry was fine according to the method, just a little late

A bit like me, as my trading day normally starts at 08.00 here in the UK, looks like I might have to get up a bit earlier to start trading these shorter timeframes!
Full-time trader and loving it!
  • #658
  • Edited 2:28am Jun 8, 2009 2:16am | Edited 2:28am
My first 25 pips scalped from the 1 min TM in line with the direction of 5, 15, 30 & 60. My first trade using htis system and it was like taking candy from a baby.

EURUSD.
  • #659
  • Jun 8, 2009 2:16am Jun 8, 2009 2:16am
Quoting Digitalis
Entry trigger is going to be either the HG indicator changing colour when price is right side of TM, or price moving to right side of TM when HG already set up.

So your entry was fine according to the method, just a little late

A bit like me, as my trading day normally starts at 08.00 here in the UK, looks like I might have to get up a bit earlier to start trading these shorter timeframes!
I start trading at 07h00 UK time or 06h00 GMT.
The breakouts and/or trends often happen before 08h00 UK time.

I am having issues today with price feeds and will have to phone the dealing desk to close the last lot or move the stop ...it looks like it is around +50 pips???
" Never let the past hold the future to ransom "
  • #660
  • Jun 8, 2009 2:24am Jun 8, 2009 2:24am
Quoting Gleneagles
I start trading at 07h00 UK time or 06h00 GMT.
The breakouts and/or trends often happen before 08h00 UK time.

I am having issues today with price feeds and will have to phone the dealing desk to close the last lot or move the stop ...it looks like it is around +50 pips???

Last lot closed @ 15859, the price feeds are terrible today.

Good luck and good trading, I am finished for the day.
" Never let the past hold the future to ransom "
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