EUR/GBP Trendmagic System | Page 62 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

TrendMagic Channel 2 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

If you buy gbp/usd and sell eur/usd, is that the same as being short eur/gbp? 1 reply

Pair selection when using Trendmagic System 0 replies

Attachments: EUR/GBP Trendmagic System
Exit Attachments

EUR/GBP Trendmagic System

  • #1,221
  • Jun 10, 2009 3:47am Jun 10, 2009 3:47am
I'm back in G/U on the 5 minute chart.
  • #1,222
  • Jun 10, 2009 3:48am Jun 10, 2009 3:48am
Just for info entry 16321

Kindly ignore the arrows on the charts, it is just a price alert and is not driven by the MTF indy.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 10 08.55.gif Size: 11 KB
" Never let the past hold the future to ransom "
  • #1,223
  • Jun 10, 2009 3:50am Jun 10, 2009 3:50am
Attached is a wonderful EA which closes all open trades after achieving your daily target. Attach it to any chart and once your profit comes to that amount, it closes all active trades.

Save this in your expert folder.

If anyone can modify this EA to close only profitable trades, it can be good.
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Profit_Reached.mq4   3 KB | 591 downloads
Trend is your friend...
  • #1,224
  • Jun 10, 2009 3:52am Jun 10, 2009 3:52am
Quoting gillybabe
Why would you want the BBMACD - Anne has already incroporated it into the MTF??

oo i mised that part...even if i read all the tread
Work smart not hard
  • #1,225
  • Jun 10, 2009 3:54am Jun 10, 2009 3:54am
Here is a nice set up for a long EU trade. Took +35 on this one. Signal candle red vertical line, entry and exit marked with blue horizontal line.
Attached Image (click to enlarge)
Click to Enlarge Name: eulong 100609 t3.gif Size: 42 KB
  • #1,226
  • Jun 10, 2009 3:54am Jun 10, 2009 3:54am
GBP exit @ 16411

Closed by EA at preset TP levels
I am running EA to manage trades as an experiment on 1 system while I look at alternative exit strategies.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_04 Jun. 10 09.19.gif Size: 21 KB
" Never let the past hold the future to ransom "
  • #1,227
  • Jun 10, 2009 3:57am Jun 10, 2009 3:57am
short, i am seeing a long, can u post a chart pls
Trend is your friend...
  • #1,228
  • Jun 10, 2009 3:58am Jun 10, 2009 3:58am
Quoting Gleneagles
I have also noted on each trade the pullback in number of pips to get a handle on " safe " stop value. The exit strategy is not that easy because the trades don`t come pre-packaged in " Large" Medium , Small and XXLL. The price action as well, no Smooth, So-So and Oh-no.
Well said. I've been thinking of a way to plan a solid exit strategy to maximize pip gain. If we wait until the TM changes then a significant amount is lost, however, profitable.

I've tried testing with the MACD divergence to exit a trade. This has worked in the past but MACD divergence is not a signal, only a warning. Therefore it worked around 50% of the trades. Need greater accuracy
  • #1,229
  • Jun 10, 2009 3:58am Jun 10, 2009 3:58am
thank digitalis for answer my question
  • #1,230
  • Jun 10, 2009 3:59am Jun 10, 2009 3:59am
Quoting locle
Attachment
To my way of thinking, you don't have a short here. The 30m and
60m boxes are blue. I would load up the TudorGirl STF on your chart
in addition to the MTF. My 15m chart shows no red from the STF indicator.


regards
  • #1,231
  • Jun 10, 2009 3:59am Jun 10, 2009 3:59am
No, thank you for sharing what is working for you with this
awesome system!

Brian

Quoting affandiz
sorry sir...
  • #1,232
  • Edited 4:24am Jun 10, 2009 4:01am | Edited 4:24am
Quoting Gleneagles
I am running 3 different setups on MTF now since Monday to see whether there is an advantage trading different setups over different TF.

I am looking at entry trigger times within the periods 05h00 GMT- 10h00 GMT and 12h00 GMT-16h00 GMT.

I have noted ATR on 5m candles within the trading periods as well as at

It is early days but my first impressions are that the system is quite robust if you have the discipline to stick to rules. All the combinations are in profit so far!
Seems like a good approach. I'm looking forward to your findings.

I will filter my entries based on the proximity of price in relation to a predicted weekly and daily high/low which I compute in Neuroshell. I'll take profits based on the predicted 4 hourly & daily high/low. The approach has work well on other systems as well TrendMagic.
  • #1,233
  • Jun 10, 2009 4:22am Jun 10, 2009 4:22am
Hi NOtch. Now it is abit quieter, how does this Neuroshell thing work pls?
  • #1,234
  • Jun 10, 2009 4:27am Jun 10, 2009 4:27am
Just had a peek at one of the other setups.

It just loads up the pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_05 Jun. 10 11.15.gif Size: 26 KB
" Never let the past hold the future to ransom "
  • #1,235
  • Jun 10, 2009 4:30am Jun 10, 2009 4:30am
Quoting nisha4x
Attached is a wonderful EA which closes all open trades after achieving your daily target. Attach it to any chart and once your profit comes to that amount, it closes all active trades.

Save this in your expert folder.

If anyone can modify this EA to close only profitable trades, it can be good.
Anywhere on the web I was seen the EA (or script, I'm not sure) that close ALL of the profit (or lose - separately) traders. I'm not a programmator, but this EA may be helpful .)
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,236
  • Jun 10, 2009 4:30am Jun 10, 2009 4:30am
Quoting Gleneagles
Just had a peek at one of the other setups.

It just loads up the pips.

Acheived using modified rules? If yes can you share the rules?
  • #1,237
  • Jun 10, 2009 4:31am Jun 10, 2009 4:31am
Is this the system running on EA?
  • #1,238
  • Jun 10, 2009 4:32am Jun 10, 2009 4:32am
Quoting gillybabe
Hi NOtch. Now it is abit quieter, how does this Neuroshell thing work pls?

Do a web search because explaining may take a while but it has been very useful to me. Especially for targeting likely reversal zones.
  • #1,239
  • Jun 10, 2009 4:33am Jun 10, 2009 4:33am
Quoting gillybabe
Is this the system running on EA?
This system does'nt work under EA yet, but Annie work hardly to develop it. We are all rejoice about it
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,240
  • Jun 10, 2009 4:34am Jun 10, 2009 4:34am
Hi Guys

Firstly a major thank you to Paulus for an amazing system & Anne for equally amazing indicators.

I have been trading both GBPYEN and cable for a couple of years now. I do find you can get some excellent trades from 5:00 am GMT but I advise exiting all trades by 6:00am GMT (7:00 BST) as almost invariably as Europe opens the previous trend is reversed with 5 - 10 mins of that hour. Especially if the pairs look overbought or oversold. I use Camarilla lines to determine this.

Once this reversal has happened, usually by 8:00 am BST the pairs then seem to pick which way they are going to trend until 11: am BST and again at this time profit taking seems to take place and another reversal often happens. If it doesn't you have a very strong trend.

These are just my observations Hope it helps.
Cheers

Gavin
1 trader viewing now