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EUR/GBP Trendmagic System

  • #881
  • Jun 8, 2009 2:43pm Jun 8, 2009 2:43pm
Quoting Paulus
Unusal to get only a couple signals this has been a classic trend day,I dont want to be a party pooper but lets get some nice hard choppy days see this system pushed to its limit

p
P,

You are right, the market has been " kind " to us.
Not time yet to open the bubbly...but damn, it is looking good so far!
" Never let the past hold the future to ransom "
  • #882
  • Jun 8, 2009 2:48pm Jun 8, 2009 2:48pm
Quoting crashout
+ 150 on GY (from the 5 min only)

We need a stronger exit method than original.

For example, stay in till we see reverse on 5 min ?????????
Well, the bastard (or beast? I don't know yet) has lots of wicks... Try to trail your stop, as Paulus stated (using TM) in the next higher TF ... in this case, 15M... It may work...

Nice trade, BTW!

Cheers!
Many share my views with me. But I don't share them with them...
  • #883
  • Jun 8, 2009 2:59pm Jun 8, 2009 2:59pm
Quoting Edgetrader
Quite right!!

Very early to speculate on London being better than U.S. also. Lets give it a week or so and see. The method should be versitile enough to encompass either session. Especially, the overlaps.
Agree, Edge and Paulus... let's give the system a "stress test"

http://www.umpa.com/treadmill.jpg



PS: Hey, that's not me....

Cheers!
Many share my views with me. But I don't share them with them...
  • #884
  • Jun 8, 2009 3:16pm Jun 8, 2009 3:16pm
Here is a chart for the last day or so on thr BEAST. If I am correct, following the rules that not only must the candle close above/ below TM line, but also the next highest dot (in this case H4 or D1) in the MTF indicator must also match, there would have been 3 long trades for the last several days, all stopped out for a loss. Am I correct? I use ODL as my data feed broker.
Attached Image (click to enlarge)
Click to Enlarge Name: tg h1 gbpjpy 6-8-09.gif Size: 17 KB
Pips are like cabbage, the green ones are the tastiest!
  • #885
  • Jun 8, 2009 3:32pm Jun 8, 2009 3:32pm
Quoting Blud4oilPrgm
This is why I'd like to somehow use this system with an EA. I am also EST. I could stay up all night and be a zombie, but I live in FLORIDA where it's nice and sunny and not the most conducive place to being on a comp 15 hrs/day

The trends most definately start with the London session, so by am EST you may only be left with the sloppy seconds
The finishing touches to a very comprehensive and customisable (eek! is that a word?) EA are being done as we speak...

Anne
  • #886
  • Jun 8, 2009 3:58pm Jun 8, 2009 3:58pm
Anne,
If a working EA can be done for this system, that would be more than fantastic. My experience with EAs has been that they bring about a whole host of problems and questions that easily fill a thread. There will be hundreds of questions on settings, time frames, brokers, 4 or 5 digit brokers, and on and on. I'm all in favor of EAs, and can't wait for one to be introduced. But, when that time comes, be forewarned that you might be well advised to open a completely different thread just for EA questions, and your time will be filled with questions on it.
Quoting TudorGirl
The finishing touches to a very comprehensive and customisable (eek! is that a word?) EA are being done as we speak...

Anne
  • #887
  • Jun 8, 2009 4:05pm Jun 8, 2009 4:05pm
Quoting cabbagepicker
Here is a chart for the last day or so on thr BEAST. If I am correct, following the rules that not only must the candle close above/ below TM line, but also the next highest dot (in this case H4 or D1) in the MTF indicator must also match, there would have been 3 long trades for the last several days, all stopped out for a loss. Am I correct? I use ODL as my data feed broker.
Read your PM

TG
  • #888
  • Jun 8, 2009 4:05pm Jun 8, 2009 4:05pm
Quoting TudorGirl
This thread started on 28 April and had fizzled out by 11 May after less than 2 pages.

I joined on 23 May and in the last 2 weeks we are now up to 59 pages!

I have this nagging fear that if I were to leave the PC for more than 2 hours then return, I would never catch up on the backlog of posts.....lol!

I am not sure if I even dare to go shopping.....

Anne

Please do, but hurry back please, haha.
  • #889
  • Jun 8, 2009 4:12pm Jun 8, 2009 4:12pm
Quoting cabbagepicker
Here is a chart for the last day or so on thr BEAST. If I am correct, following the rules that not only must the candle close above/ below TM line, but also the next highest dot (in this case H4 or D1) in the MTF indicator must also match, there would have been 3 long trades for the last several days, all stopped out for a loss. Am I correct? I use ODL as my data feed broker.
I see 2 losing trades, one opening at 09.00 GMT on 4th and one at 11.00 on 5th. Of course it all depends on where you put your stoploss or whether you just exit if it crosses the TM. Looks like you'd lose about 300 pips for both trades.

But the long trade before those, 05.00 GMT on 1st June, would have earned you around 370 points and, as I write this, the current trade on this 1hr timeframe (14.00 GMT ) is up 134 pips.

So you're still in a pretty decent net profit. The other thing to question is whether 1hr, 4hr and 1day are the correct settings for the HG indicator. Why not 1h, 2h, 4h? Or others? Not sure if the indicator is set up to work with that sort of timeframe yet, probably what TG is sorting in the next version.

I don't want to trade those higher timeframes until confident with my use of the method, as the stoplosses are so much higher. The 15 minute is looking very good on today's results, let's see how it looks after a week or two...

And Anne, don't worry, I'll come and do the shopping for you!
Full-time trader and loving it!
  • #890
  • Jun 8, 2009 4:15pm Jun 8, 2009 4:15pm
Hello everybody,

I am following this thread from the beginning and wanted to send big thanks to Paulus and Tudor Girl for that great system and to rest of you, for your contribution. Until today i didn't have time to test the system though. Last night I opened new ECN MT4 demo just for this purpose.
Woke up today quite late and missed all the morning action in London.
Started trading around 10am London time and did it till 16.00 Est time.
I scalped 1 min charts and 4 currencies E/J, G/J, E/U, G/U

I used standard set up with HG on (obviously) 1min and HG MTF with 5, 15, 30, 240 min settings and Hi-LO with reversed colors plus volume indicator.
I entered trades after I saw blue dot and 1min HG turned blue. I didn't use ST or TP as i can cancel any trade within 1 sec.. Sometimes when i saw 5min MTF turning blue and new blue dot i added 0.1 lot to position. I traded only with 240min trend. I exit trade when i see red dot on reversal candle and big selling volume.

stats:
account opening 1000$
taded 0.1 and 0.2 lot
I have made 45 trades
43 winning trades
2 loosing, one -3.40 second - 13$

from 14.00 EST market (especially G/J) became choppy and I coudn't make any more money, made just 5 trades for araund 30 pips including one loosing.
Account at the end of the day is 1765.89$
i have no idea how many pips it is, but I guess around 500!

I am not a great trader but either not particularly bad one. Until today i used to scalp 1min and 5 min charts without any indis except volume. On average i had around 7/10 wining trades and around 5-7% daily equity grow. What this system is capable of goes way beyond my expectations. Tudor Girl, Paulus - You have made the bomb!
  • #891
  • Jun 8, 2009 4:18pm Jun 8, 2009 4:18pm
Quoting Digitalis
I see 2 losing trades, one opening at 09.00 GMT on 4th and one at 11.00 on 5th....

I don't want to trade those higher timeframes until confident with my use of the method, as the stoplosses are so much higher. The 15 minute is looking very good on today's results, let's see how it looks after a week or two...
The higher the TF, larger your SL, BUT perhaps you may get LESS but MORE RELIABLE signals.... Just cut down you position in a way that you risk the same amount (% of equity) on the trade....

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #892
  • Jun 8, 2009 4:21pm Jun 8, 2009 4:21pm
This is true Ive started 27 threads get 2 questions a day on each and you see how quickly your time can be spent on answering questions thats unfortunately have been answered many times before..

I know this is easy to say but if you was going to start a business in which you could possibly make or lose alot of money Im sure you would put aside 2 hrs to read the manual that was given to you.

I feel bad some times not answering certian posts please dont this personaly its all about time..if the answers in the thread I tend to leave it.

You know what I have several fav books all fictitious Ive read them all several times..please read and re read the thread technicaly there is only 1 indicator thats it....

Ive just put my daughter to bed my wife is on the phone to a friend so I have time to post here when the call is over I have to go thats how my time is restrained..but I made my bed so I have to lye in it.

lets see what tomorrow brings

BTW Im short eurgbp from 8651 sleep is for wimps...
Paulus
  • #893
  • Jun 8, 2009 4:22pm Jun 8, 2009 4:22pm
Quoting Digitalis
Why not 1h, 2h, 4h? Or others?
Thats an interseting idea Digitalis, I will play around with it. Thanks
Pips are like cabbage, the green ones are the tastiest!
  • #894
  • Jun 8, 2009 4:31pm Jun 8, 2009 4:31pm
Quoting Paulus
ok out pity but rules is rules !

and a good example of how the stop works...I have no re entry .

P
Hi Paulus,

As you know, there are trends within trends. So whilst you have the 1 hr short, there is a lower tf playing out its long before it potentially rejoins its long term mate.

For re-entry therefore, if the 5 min short that you trade isn't signalling one by way of blue bars, you could look at the 1 min and wait for it to go long and take the signal when it goes short again, provided the 5 min is still short.

You are far more experienced than me, but it should work. Your thoughts?

Regards
Pardy
  • #895
  • Jun 8, 2009 4:38pm Jun 8, 2009 4:38pm
Anne,
You are simply genius.
What else do we need other than EA...


Thanks a lot for all efforts in this community.


Quoting TudorGirl
The finishing touches to a very comprehensive and customisable (eek! is that a word?) EA are being done as we speak...

Anne
  • #896
  • Jun 8, 2009 4:47pm Jun 8, 2009 4:47pm
Quoting HouseTrader
The higher the TF, larger your SL, BUT perhaps you may get LESS but MORE RELIABLE signals.... Just cut down you position in a way that you risk the same amount (% of equity) on the trade....

Cheers!

HT
The first part of the statement is a certainty (higher stop loss), the second part is only a probable.

So I'll stick with the lower time frames until I'm in the zone with this method.
Full-time trader and loving it!
  • #897
  • Jun 8, 2009 4:48pm Jun 8, 2009 4:48pm
Quoting TudorGirl
The finishing touches to a very comprehensive and customisable (eek! is that a word?) EA are being done as we speak...

Anne
Anne you have me feeling like a kid in candy store, or could it be like a grown man at the Ferrari test track? Well whatever it is, you are working it woman! You seem to code at the speed of light, everytime I refresh that damn page new EX4 has popped up. Well I am very excited about your EA, and even more excited about you putting this in easy language for TS. If you need someone to send some food and drinks to your house let me know Because you have been working so damn hard I don't think you have left your house in 5 days! Well thanks again from states. We all appreciate your workings!

Jon
  • #898
  • Jun 8, 2009 4:55pm Jun 8, 2009 4:55pm
Quoting TudorGirl
The finishing touches to a very comprehensive and customisable (eek! is that a word?) EA are being done as we speak...

Anne

Awesome!
  • #899
  • Jun 8, 2009 4:55pm Jun 8, 2009 4:55pm
Quoting Gleneagles
My eyes are tired, this trade looks like +- 450 pips on longer TF.
GBPUSD
What is that orange/yellow line onyour chart pls?? Is it really useful?
  • #900
  • Jun 8, 2009 4:55pm Jun 8, 2009 4:55pm
Quoting jonnyhawk
Anne you have me feeling like a kid in candy store, or could it be like a grown man at the Ferrari test track? Well whatever it is, you are working it woman! You seem to code at the speed of light, everytime I refresh that damn page new EX4 has popped up. Well I am very excited about your EA, and even more excited about you putting this in easy language for TS. If you need someone to send some food and drinks to your house let me know Because you have been working so damn hard I don't think you have left your house in 5 days! Well thanks again...
No, I haven't done much else for a few days, other than get a LOT further ahead with the haemodynamic model for the Multiple Sclerosis project.

A very old friend in Norwich who trades IB thru TradeStation is currently testing the TS versions with full Strategy capability. Seems quite happy so far.

But, thanks. It IS nice to be appreciated.

Thank you,

Annie
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