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Attachments: EUR/GBP Trendmagic System
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EUR/GBP Trendmagic System

  • #1,361
  • Jun 10, 2009 10:24am Jun 10, 2009 10:24am
...Paulus, for this thread. Very thought-provoking.

You are an extraordinarily prolific thread starter.

  • #1,362
  • Edited 10:27am Jun 10, 2009 10:26am | Edited 10:27am
Quoting trademeister
I forgot to say....I can always see the best places in retrospect.
It is easy to see on the chart above but I couldnt find them while they
were in progress.

thanks again.
Always the case! You could try moving down 1 tf to look out for a retrace and when it rejoins trend, check to make sure your trading tf is still in position and take the trade.

There are always trends within trends!!

Hope this helps.

Pardy
  • #1,363
  • Jun 10, 2009 10:27am Jun 10, 2009 10:27am
Quoting Edgetrader
Religious beliefs are a choice! Are irrelevent to trading. Neither God, Allah nor Budda will make the trade for you.

Responsibilities are a fact derived from actions taken.

Every action has a consequence, some good, some bad.

Regards.
Totally agree ! thanks Edgetrader

Luk
  • #1,364
  • Jun 10, 2009 10:38am Jun 10, 2009 10:38am
Is there a MTF Trend Magic indicator? It would be better to have in one chart e.g. 5 min the original one, with the 15min and 30min mtf version.

John
  • #1,365
  • Jun 10, 2009 10:42am Jun 10, 2009 10:42am
Quoting trademeister
I forgot to say....I can always see the best places in retrospect.
It is easy to see on the chart above but I couldnt find them while they
were in progress.

thanks again.
It is best to observe 2-4 pairs imho when trading the Forex.

It is never a good plan to enter trades midstream as they simply have a habit of biting you when you attempt such.

Be patient, observe the PA and take entries as they present themselves on a signal to signal basis.

In short, set forth your trading plan and follow it faithfully.

As an addendum to my previous 'wordy' post, I offer the following in support of my own meager trading theories and practices.

Here is a mini Dow setup that I personally utilize. Some of you have seen such before within this thread. It again is not a recommendation, it is a teaching aide of sorts.

The indi's are all fine and dandy, however, the positive expectancy and probability theory are vastly more important. Anyone can go find indi's to support their trading ideas.

Trading them day in and day out within prudent trading industry practices is a bit more of a challenge. Everyone here is well capable of trading for a living. Whether you need $100 or $1000 per day is only a monetary illusion many traders dwell upon.

Start an account with any amount, trade a good plan (TM and TG indi), go after 1-2 % net gain daily with a HARD 4% account max SL, and you will be around for quite a while. Let greed latch hold of you and you are DONE! Sad but true!!

Reference the exercise promoted earlier. Has worked for decades past, will work for decades future as well.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: Mini Dow.jpg Size: 91 KB
  • #1,366
  • Jun 10, 2009 10:53am Jun 10, 2009 10:53am
Good day to you all

Edgetrader - thank you for the little nuggets you are placing inbetween the posts made. I for one am taking these in and reflecting on it. I remain a terrible trader but I am inspired to become better.

To all the other contributors and especially Anne for allowing me the opportunity at putting together a plan to trade going forward, I am forever grateful.

May you both prosper.

Regards
  • #1,367
  • Edited 11:09am Jun 10, 2009 10:59am | Edited 11:09am
Hello TudorGirl,

I have another question since you code your own indicators.
How familiar are you with coding indicators based on frequencies?
I found in a thread on another website where they were doing stuff like that.
I have to look for it.
(Me personally, I think that is the next step in the evolution of indicators. But that is just me opinion.)

D.
  • #1,368
  • Jun 10, 2009 11:03am Jun 10, 2009 11:03am
Quoting johndata
Is there a MTF Trend Magic indicator? It would be better to have in one chart e.g. 5 min the original one, with the 15min and 30min mtf version.

John
Yes, somewhere in this thread it's exist, I was post it myself Try search No setting needed, it perform ALL of them (M1-Monthly TF)

EDIT: it DON'T perform the line, because it redrawing and is very hard right-colour the continuously-changing line. On "main" tf was coloured "wicks" of candles (or midline of OHLC bar). Set the thickness as you have "zoomed" the chart
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,369
  • Jun 10, 2009 11:05am Jun 10, 2009 11:05am
Quoting Edgetrader

Start an account with any amount, trade a good plan (TM and TG indi), go after 1-2 % net gain daily with a HARD 4% account max SL, and you will be around for quite a while. Let greed latch hold of you and you are DONE! Sad but true!!

Regards.

Another insightful post. Edge, I'm struggling with the 1-2% gain & 4% SL rule. If one is trading a good plan then I believe each trade should be worth 1-2% with a 2% SL. If I adhered to your practice then I'd be finished trading within 30-60 minutes of getting up in the morning...well most mornings anyway. (I understand compounding)

If I lose 4% of my account then I'd quit for the day. Now, is this greedy? I don't think so although I AM greedy. I'm a true Geckoite...

Your thoughts please. Also, the TG Vorticity indicator looks very powerful; I'll have to spend a little time paper trading it in conjunction with the TM line and a longer time period TM line.

I have also been scalping off the TM. Long scalp if the price is above, short scalp if the price is below. Entry 1m with 5m TM, entry 5m with 15m TM. It's still early days but I've had a number of very good trades with a few small losses.
  • #1,370
  • Jun 10, 2009 11:11am Jun 10, 2009 11:11am
So easy as to provide even the blind with sight!

Default settings are a snap with Paul and Anne's indi's.

Sure, hindsight is 20/20, but this is about faith in your chosen indi's and your plan.

No such thing as a poor trader, just an unpolished gem waiting to sparkle!

80% MENTAL, 17% ABILITY, 3% LUCK.

Such is the nature of a positive expectancy plan combined with solid probability theory trading on a short term TF. Follow the PA from a higher TF as your guide and wail away.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: easy.jpg Size: 183 KB
  • #1,371
  • Jun 10, 2009 11:13am Jun 10, 2009 11:13am
Quoting DirkH143
Hello TurboGirl,

I have another question since you code your own indicators.
How familiar are you with coding indicators based on frequencies?
I found in a thread on another website where they were doing stuff like that.
I have to look for it.
(Me personally, I think that is the next step in the evolution of indicators. But that is just me opinion.)

D.
If you can phrase your question clearly and accurately, I will try to answer it.

TG
  • #1,372
  • Jun 10, 2009 11:14am Jun 10, 2009 11:14am
Usd getting weaker now
  • #1,373
  • Jun 10, 2009 11:17am Jun 10, 2009 11:17am
Pardy and Mr. Edgetrader,

Thanks for your advice. I will try very hard to work with time frames.
Thanks

Hey!! I just made pips on EUR OK
  • #1,374
  • Jun 10, 2009 11:19am Jun 10, 2009 11:19am
Quoting DirkH143
Hello TudorGirl,

I have another question since you code your own indicators.
How familiar are you with coding indicators based on frequencies?
I found in a thread on another website where they were doing stuff like that.
I have to look for it.
(Me personally, I think that is the next step in the evolution of indicators. But that is just me opinion.)

D.
Can you please post a reference link ?

Thanks !
  • #1,375
  • Jun 10, 2009 11:22am Jun 10, 2009 11:22am
Quoting Horrigan
Yes, somewhere in this thread it's exist, I was post it myself Try search No setting needed, it perform ALL of them (M1-Monthly TF)

EDIT: it DON'T perform the line, because it redrawing and is very hard right-colour the continuously-changing line. On "main" tf was coloured "wicks" of candles (or midline of OHLC bar). Set the thickness as you have "zoomed" the chart

Thanks a lot. I was talking about the line, but that is also very good. With very little space you can watch several pairs. Thanks again.

John
  • #1,376
  • Jun 10, 2009 11:27am Jun 10, 2009 11:27am
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.
Try this


Inserted Code
  Close_Profitable_Only = true;  - close only profitable positions
  Close_Profitable_Only = false;  - close all opened positions
PS
Big THANK YOU for Paulus for his generosity, kindness and encouraging professionalism
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Profit_Reached(mod).mq4   3 KB | 524 downloads
  • #1,377
  • Jun 10, 2009 11:27am Jun 10, 2009 11:27am
Hi TG,

Great work. I am going to get "The stastistical mechanics of financial markets" by Johannes Voit to shed some more light on this subject. Meanwhile, is there anyway you can program Multi time frame version of this indicator ??

Thanks,

Quoting TudorGirl
All

I have had many requests for help with exits. Like Edge's avatar, I have again been "Thinkin' Real Hard".

Attached is an indy based on the Hydrodynamic Vorticity idea I described earlier. This uses anticipated change in "Financial Reynolds Number" to give you warnings of weakness in the trend.

THIS IS ONLY AN IDEA! Please try. If you don't like it, don't use it.

Anne
  • #1,378
  • Jun 10, 2009 11:30am Jun 10, 2009 11:30am
Quoting TudorGirl
If you can phrase your question clearly and accurately, I will try to answer it.

TG
I'm sorry, it wasn't frequencies it was digital filters, my bad.
I found the website. Very interesting. Check it out if you want.

http://www.forex-tsd.com/digital-fil...l-filters.html

Maybe that could help with some other good indies.

D.
  • #1,379
  • Jun 10, 2009 11:31am Jun 10, 2009 11:31am
Quoting johndata
Thanks a lot. I was talking about the line, but that is also very good. With very little space you can watch several pairs. Thanks again.

John
Yes, with this you can. But i recommend you to use the TudorGirl's HG MTF indicator, which be the same, but "upgraded" of RSI, BB MACD and some else - it gives more precise signals or "overview" what market is about to do
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,380
  • Jun 10, 2009 11:34am Jun 10, 2009 11:34am
Quoting devang123
Hi TG,

Great work. I am going to get "The stastistical mechanics of financial markets" by Johannes Voit to shed some more light on this subject. Meanwhile, is there anyway you can program Multi time frame version of this indicator ??

Thanks,
wooow... mr devang123 u been ff member since 2005 and this is your 1 post..
Paulus n TG really wake u up.. ehh
Patience is the keyword here...
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