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EUR/GBP Trendmagic System

  • #1,441
  • Jun 10, 2009 8:58pm Jun 10, 2009 8:58pm
Quoting MAD
True. As I mentioned previously EURJPY was my favorite because I can catch both currencies in open markets. However, I will not alienate other currencies either. The EURUSD is still the most volatile currency because traders around the world, in other markets as well, trade these.

AUD ...strong man...
  • #1,442
  • Jun 10, 2009 9:09pm Jun 10, 2009 9:09pm
Tudor Girl, I think we have a serious issue here, the new indicator, Vorticity, behave weird. The color change while the price is moving.
Take a look at first picture :
The red vertical line is where the blue color showed up for the first time.
But as the price moved up, the blue color get wider to yellow vertical line.

http://img198.imageshack.us/img198/6079/seriously.gif


By the end I am writing this post, the blue now has gone wider to green vertical line. Please take a look at picture below :

http://img223.imageshack.us/img223/5560/seriously2.gif


Anyone here has the same issue as I do?
  • #1,443
  • Jun 10, 2009 9:15pm Jun 10, 2009 9:15pm
Quoting viocable
Tudor Girl, I think we have a serious issue here, the new indicator, Vorticity, behave weird. The color change while the price is moving.
Take a look at first picture :
The red vertical line is where the blue color showed up for the first time.
But as the price moved up, the blue color get wider to yellow vertical line.

http://img198.imageshack.us/img198/6079/seriously.gif


By the end I am writing this post, the blue now has gone wider to green vertical line. Please take a look at picture below :

http://img223.imageshack.us/img223/5560/seriously2.gif...

The same to you,so I didnt use it...
  • #1,444
  • Jun 10, 2009 9:22pm Jun 10, 2009 9:22pm
TudorGirl pointed out earlier that it was experimental. You don't need it to trade the method.
You are in a maze of twisty little passages, all alike.
  • #1,445
  • Jun 10, 2009 9:26pm Jun 10, 2009 9:26pm
Quoting stevegee58
TudorGirl pointed out earlier that it was experimental. You don't need it to trade the method.
Yes, I know it is experimental, that's why I brought up the issue so that "bug" might be able to be fixed
  • #1,446
  • Jun 10, 2009 9:37pm Jun 10, 2009 9:37pm
I posted earlier that this indi changed the colors from red to blue, or blue to red for two bars previous to when it showed. In your example, it looks like it changed the bar colors of three time periods. I'd have to watch it some more to see how often it did this. If you're just looking back on a chart, this indi looks a lot better than it is in real time. However, take a look back at the charts and deduct two or three bars from the start of any red or blue cycle, and this indi is still VERY good at predicting a turn. Combined with the multi time frame indicator and trend magic, it's a warning of a possible turn. Anyone that's familiar with the Level 3 semifor knows that it moves and always is shown on the chart at the high or low. This Hydrodynamic may repaint two or three bars before it, but to me is vastly superior to the Level 3 Semifor for prediction a change in direction.
Quoting viocable
Tudor Girl, I think we have a serious issue here, the new indicator, Vorticity, behave weird. The color change while the price is moving.
Take a look at first picture :
The red vertical line is where the blue color showed up for the first time.
But as the price moved up, the blue color get wider to yellow vertical line.

http://img198.imageshack.us/img198/6079/seriously.gif


By the end I am writing this post, the blue now has gone wider to green vertical line. Please take a look at picture below :

http://img223.imageshack.us/img223/5560/seriously2.gif...
  • #1,447
  • Jun 10, 2009 9:50pm Jun 10, 2009 9:50pm
Yes, from my observations Vorticity 2 repaints up to 3 bars. I dont use it.
  • #1,448
  • Jun 10, 2009 10:14pm Jun 10, 2009 10:14pm
After further observation, have to amend my earlier thinking on the Vorticity indicator. On the GBP/USD, it went red at 02:40, and then blue at 02:45 & blue at 02:50, Blue at 02:55, and then at 03:00, the red bar that was at 02:40 changed to blue, making a straight line of blue bars from 00.20 to present time of 03:10. Therefore, have to reconsider the use of this indi until I have a chance to observe it for a much longer time period, and my time is limited in the next few days.
Quoting sebastiaos
Yes, from my observations Vorticity 2 repaints up to 3 bars. I dont use it.
  • #1,449
  • Jun 10, 2009 10:16pm Jun 10, 2009 10:16pm
Hi Paulus

A quick question.

I might be wrong, but I thought that at or near the begining of this thread you indicated that you were trading this system on EG because you thought it was the most trendy. I was just wondering if you still feel that this is the case.

Many thanks and cheers
Ezzy

PS I have read most of this thread and have not found an answer to this question.

BTW, thanks again for sharing this system.
What you do is a reflection of you....what I do is a reflection of me.
  • #1,450
  • Jun 10, 2009 10:17pm Jun 10, 2009 10:17pm
I think I will not use Vorticity until the problem is resolved.
Better we concentrate on "explosion of movement" start from 7.00 GMT (that's what I called it ) by catching it using HG_MTF once all TFs from M5 to H1 are united in one color.

Thanks for all replies.
  • #1,451
  • Jun 10, 2009 10:22pm Jun 10, 2009 10:22pm
I have made some observations about the level of correlation between certain pairs and price movement:

Attached Image (click to enlarge)
Click to Enlarge Name: shot1.PNG Size: 39 KB



The arrow points to de-correlated price action. I'm noticing that many times after this there is some kind of reversal or breakout.

You can try this with eur/usd usd/chf, gbp/jpy eur/jpy and many other correlated pairs -> http://www.mataf.net/en/tools/correlation-table

I made a thread to explore this topic: http://www.forexfactory.com/showthread.php?t=174947

You can change the currency being compared in the indicator settings.

Put it on a eur/usd 15 min chart and you will see distinct fall offs in correlation before much price movement happens. I think this is useful to see momentum
Attached File(s)
File Type: ex4 Correlation.ex4   5 KB | 621 downloads
  • #1,452
  • Jun 10, 2009 10:46pm Jun 10, 2009 10:46pm
Quote:Originally Posted by crashout http://www.forexfactory.com/images/buttons/viewpost.gif
Hello,
Can you post the oscillator you use, please ?
It looks great !
Quoting affandiz
here u go..
//| fxfariz_scalpingM5.mq4 |
//| fxfariz a.k.a warrior trader |

fxfariz_scalpingM5.mq4 - plagued solar wind ....
notorious by repainting shamelessly
  • #1,453
  • Jun 10, 2009 10:53pm Jun 10, 2009 10:53pm
Personally I like the Vorticity. I look at it as a leading indicator and not an Indi to base an entry on.

Here is my second trade using this strategy. The rules are not set in stone yet but thats why we're here isn't it?

So here is the EURUSD hourly chart. The TD HV turned blue indicating that price MAY reverse. Shortly the TD followed. Indicating that sentiment was bullish.

Long order opened @ 1.4013
SL @ 1.3956 for a risk of 60 pips
TP @ 1.4137 for a gain of 121 pips. A R:R of 1:2

This trade is purely experimental. I trade with the daily trend. The TG HV turned red on the Daily chart so it will be interesting to see this play out live.

But if historical data is anything to go by then price will turn even if its a short pullback.
Attached Image (click to enlarge)
Click to Enlarge Name: 110609 EURUSD 1H.jpg Size: 57 KB
Attached Image
  • #1,454
  • Edited 12:52am Jun 11, 2009 12:34am | Edited 12:52am
Quoting TudorGirl
That's true!! Actually, I think it was Steve who persuaded me to write a MTF version of the indie.
...
But if you only watch 1 or 2 pairs, go with the STF indy and avoid the whole "is my indy repainting" aggro...

Anne
Quoting TudorGirl
The indy lets you put in any 4 TFs you want (eg 1, 5, 15, 30, 60, 240, 1440, etc).
But Paulus in his template only wanted 3 so he sets one to "0" which the indy can't understand so it puts "??".
Anne
if you using only 3 rows - you have 2 extra buffers - you can set open bars - different color or put signals (say dot) on candle close time (tf/period()) - so people will know on which of current tf bar higher TF bar been closed or still open and how far till it close (how many bars on current tf can be changed ("repainted" and which will not) (4 example - H1 row on 5min tf - dots every 12 bars (on h1 close time) (or objects - dots, lines etc- basically period separators for each row(higher tf)
this will resolve "repainting" Q.s of mtf bars at least 4 those who red the tread)

btw. what the logic of ntf bar ind? what happened to yellow? (hate magic black boxes) why not to post .mq4?(who wants to sell it on e-bay will decomp it anyway...)
thank you
  • #1,455
  • Jun 11, 2009 12:55am Jun 11, 2009 12:55am
First time poster and I must say, Paulus and TudorGirl, bravo! Many thanks to you both, and to the many others in this thread for their brainstorming and all-around collective knowledge in Forex trading. You all have out-done yourselves.

My trading strategy is simple.

I use HG, HG MTF, TM, and the new Vorticity.

Entries are very similar to Paulus' but I use the main bar (HG) for entry, along with a 5m, 15m and/or 30m MTF with the same color to confirm.

Exits have been tricky and I have come up with a couple strategies based on how conservative you want to be with your pips.

But the reason for my post is about the new indicator: Vorticity.

We all must get it through our heads, from here forward, when using Vorticity (in its current form), that it can NEVER be looked at in the past. EVER. Due to the fact it can repaint up to 3 bars and change very quickly...you can't use it to test your strategies based on the PAST.

Vorticity is a very good indicator when used properly. In order to use Vorticity to its full potential, you MUST be looking at the most current LIVE CANDLE. If you are in a long (blue) trade on a 5m window, and you see the Vorticity turn red, that is a very good signal to be cautious, think about your exit or ride the Vorticity signal out. That is all it can and should be used for (at least from my experience and my own trade style).

I think that is the vibe I am getting from other posters regarding Vorticity, anyone elses thoughts?

But as always, TudorGirl, you (and your applie pies) are amazing and many thanks!
  • #1,456
  • Jun 11, 2009 1:10am Jun 11, 2009 1:10am
Did Digitalis set up the chatroom?? I did not get an email, but wondered if it got lost in the slew of spam I get.
  • #1,457
  • Jun 11, 2009 1:15am Jun 11, 2009 1:15am
Surely Vorticity can still be backtested, as long as we know how many bars can repaint?

Some posters have observed only the prior 2 bars (3 including the current bar, which will always vary) as repainting, but the post from Viocable indicates that more than this may be repainted

I guess only Anne can provide the answer here. If it's only 3 bars then backtesting can still be done relatively simply. If it's more than that then probably not

Andy
  • #1,458
  • Edited 1:23am Jun 11, 2009 1:17am | Edited 1:23am
Quoting MAD
Personally I like the Vorticity. I look at it as a leading indicator and not an Indi to base an entry on.

Here is my second trade using this strategy. The rules are not set in stone yet but thats why we're here isn't it?

So here is the EURUSD hourly chart. The TD HV turned blue indicating that price MAY reverse. Shortly the TD followed. Indicating that sentiment was bullish.

Long order opened @ 1.4013
SL @ 1.3956 for a risk of 60 pips
TP @ 1.4137 for a gain of 121 pips. A R:R of 1:2

This trade is purely experimental. I trade with the daily...
Good Post. Take a look at the Aussie 1 hr. Similar setup. Please excuse my HA candles and IKH cloud. That's the way my 1 hr chart is setup for now at least. If not familiar, the cloud is like the TM line, above for long, below for short. I caught this afterward, so I don't know if Vorticity repainted at Tokyo open.
Attached Image (click to enlarge)
Click to Enlarge Name: Aussie_0000GMT.jpg Size: 86 KB
  • #1,459
  • Jun 11, 2009 1:20am Jun 11, 2009 1:20am
Quoting gillybabe
Did Digitalis set up the chatroom?? I did not get an email, but wondered if it got lost in the slew of spam I get.
Hi yes I did.
You can get to it here: http://www.chatzy.com/754150084449

And I'm long gbpusd @ 16415.5 with 40 pip stop
Full-time trader and loving it!
  • #1,460
  • Jun 11, 2009 1:22am Jun 11, 2009 1:22am
Quoting Digitalis
Hi yes I did.
You can get to it here: http://www.chatzy.com/754150084449

And I'm long gbpusd @ 16415.5 with 40 pip stop

Long also with a 10 pip stop...
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