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

  • #1,501
  • Jun 11, 2009 6:19am Jun 11, 2009 6:19am
Quoting mgs1f
I agree 100% I see it repaint a few times this Morning but its great for exits and trend change warnings but its not a signal to trade. My exits are done with Semafor, been great so far. Cannot believe the Day when I would be worried about exits! TG & P rule the forum boards !!!!!
Hi, tried to PM but you're blocked. Don't want to clutter up this thread but looking at Semafor for exits. Any chance you could PM me with info, such as version/settings and where to download that?

Apologies for going off-topic.
Full-time trader and loving it!
  • #1,502
  • Jun 11, 2009 6:27am Jun 11, 2009 6:27am
Quoting Gleneagles
Just a quick update, this is where the test account posted yesterday ended up for the day.

I don`t have the detailed trades since the first update but the trades were GBPUSD short.
can u post your entry and exit rules ,please
  • #1,503
  • Jun 11, 2009 6:34am Jun 11, 2009 6:34am
Quoting TudorGirl
All,
...
I am joining Paulus away from the thread for a while. I need to learn how to trade. As I said, I am not making pips - only indicators.

It is very easy for me to transfer my technology to you - I just have to post the indy for you to load up.

But for me to have what you have is MUCH more difficult and may take me a long time. I could do with some help, actually.

Anne
Hi Anne
I respect your decision to stay away from the thread for a while. Can be a real time-waster.

As I suspect you have made a few versions of the EA of this system, tested them, and found them not as good as they looked in a trend - on paper, I would like to share my insights. I spent yesterday meditating on the charts and what would make this system reliable, with a high win rate for moderate but steady gains. (See this as trickle charging your account. When you gain more trading proficiency you can do hands on manual trading for those major account transformative boosts)

Findings

Entry rules: (all levels are subject to research and fine-tuning)

1) The start of a trend, big or small, has to be associated with increased energy and increased direction. Therefore a position is entered into only when both ADX14 and ATR14 has risen for the last two bars

2) At some point the energy gets excessive and plays havoc with the direction. Therefore no entry is made when ATR14 has a higher value than 0.0018

3) Energy is also expressed by volume. Therefore the volume on a 5 min chart has to be at least 220 for an entry to be made.

4) As discussed in the thread one requirement for entry is for HG_0001a_MTF to show (for a long entry) blue for the 5 and blue for the 15 and/or the 30. However, it is not a requirement that the 5 has just switched from red to blue.

5) In some situations signals can appear to indicate an up-move when in fact a sudden reversal has taken place. Therefore one requirement for a long position to be entered into is that ExpMA21 points that way too.

6) Trading hours to be 6:30 - 20:30 local London time

7) This is the most important point which is often overlooked. Take-Profit should be in stages. For example one third of the position at 20, 40 and 60 pips. This stops long rides on long trends, but let's face it: Long trends are out-numbered by broken trends and whip-backs. An option can be made available to take profit at two chosen points, and to let one third of the position run with the trend, to get stopped out by HG_0001a_MTF 5 min.

8) Moving the stop loss: As an open trade cashes in on the first Take Profit point the stop loss should be moved up to limit or eliminate any potential max loss - large enough to let the trade breathe and small enough to together with the portion of profit taken limit any potential draw-down. Same for second TP point.

9) Re-entry / Multiple positions: After the first (or second) TP point has been passed and ones exposure therefore has been limited, a further position can be entered into as long as the above entry rules are present.


I hope this helps you in your trading / EA coding
Good luck for the future

PS: Have a good break from the thread
  • #1,504
  • Jun 11, 2009 6:50am Jun 11, 2009 6:50am
What is ADX and ATR - I cant find them in the MT4 indys. Thanks
  • #1,505
  • Jun 11, 2009 6:50am Jun 11, 2009 6:50am
This custom indicator will solve the problem related to exit.It will draw some lines on your chart,yes that is the exit point to bank your profit.
Hope it helps.
Attached File(s)
File Type: ex4 husky_z_keylime.ex4   12 KB | 875 downloads
  • #1,506
  • Jun 11, 2009 7:01am Jun 11, 2009 7:01am
Quoting gillybabe
What is ADX and ATR - I cant find them in the MT4 indys. Thanks
ADX is directional movement index (part of them) and ATR is Average True Range.
Nevertheless, MAIN advatange of this system is NO much indicators, have a "naked" chart.
If you would try it, do it, but i think it is useless
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,507
  • Jun 11, 2009 7:05am Jun 11, 2009 7:05am
Anne,

I just caught up on the thread and wanted to say thank you for the hard work on the indis.

I've worked on many long term scientific and technical projects and it's always a balancing act between passion and taking care of yourself.
I'm happy to hear you're taking some time off to learn trading.

I would suggest reading Steve Nison Candlestick trading. It's excellent foundation material. Once you master the charts there are many other things to learn. But by focusing first on the core principles and getting those firmly under your belt, the rest will fall into place.

I am a firm believer in stripping things down to their core elements and building up from there. You need a strong tree to hang the fruit on.

I have some excellent learning materials if you are interested. (I've cut through tons of material on FX trading and have 3 books in mind that can assist you if you're interested.)

PM me if you like and I'll send them to you.

All the best,

Brett


Quoting TudorGirl

I am joining Paulus away from the thread for a while. I need to learn how to trade. As I said, I am not making pips - only indicators.

It is very easy for me to transfer my technology to you - I just have to post the indy for you to load up.

But for me to have what you have is MUCH more difficult and may take me a long time. I could do with some help, actually.

Anne
  • #1,508
  • Jun 11, 2009 7:05am Jun 11, 2009 7:05am
Thanks. Since I am sitting in front of my screen anyway and tioday is v. quiet, I like to look at diff things and see what they do for me.
  • #1,509
  • Jun 11, 2009 7:12am Jun 11, 2009 7:12am
Quoting gillybabe
Thanks. Since I am sitting in front of my screen anyway and tioday is v. quiet, I like to look at diff things and see what they do for me.
Yes, I agree, I have nothing againist it. It's good idea, but remember one very old thing: What more indis, you have been so MORE confused. If you think, taht more indicators get you better overview of market, or "stronger" signal, it demonstrated it's false... only MHO, but (in all probability) very big true.

EDIT: remember red-flaged fundaments incoming (14:30 CEST)
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,510
  • Jun 11, 2009 7:37am Jun 11, 2009 7:37am
I need to express my acknowledgement for Paulus and Anne, for their great unselfish effort. Just the sharing of their knowledge and time deserves my respect and gratitude. I think, at this point it is necessary to have a consensus and agree in the rules and indicators we should use (may be attach a small updated txt file with the rules for the new people), in order to keep this system as proposed some days ago, SIMPLE and robust. Thank you Paulus and Anne.

Jack
  • #1,511
  • Jun 11, 2009 7:55am Jun 11, 2009 7:55am
Quoting TudorGirl
I am joining Paulus away from the thread for a while. I need to learn how to trade. As I said, I am not making pips - only indicators.

It is very easy for me to transfer my technology to you - I just have to post the indy for you to load up.

But for me to have what you have is MUCH more difficult and may take me a long time. I could do with some help, actually.

Anne
To Paulus and Anne

I couldn't agree more with you all

We are at fireworks here with this amazing set of indys, a brilliant method.... but we ALL must check this for real for some time.... a couple weeks isn't much to determine all the features of such a simple, but complex thing -> trading....

I'm sure we'll see you both again...

Good trading, and thanks again!

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #1,512
  • Jun 11, 2009 8:03am Jun 11, 2009 8:03am
Quoting MAD
All,

Here is my brief attempt to define entry rules. This has only been tested on the hourly charts. I have used it for the past couple of days and it has successfully filtered false signals.
What a great post, MAD...., exactly the way I'm thinking the use of the system.... I tend to trade higher TF also and been looking for a way to make it in a simple way with those awesome indys... can't stand all day in front of the screen, and don't feel comfortable with all the yo-yo thing on lower TF.... Very well put, indeed!

Cheers!

HT
Many share my views with me. But I don't share them with them...
  • #1,513
  • Jun 11, 2009 8:13am Jun 11, 2009 8:13am
Quoting HouseTrader
What a great post, MAD...., exactly the way I'm thinking the use of the system.... I tend to trade higher TF also and been looking for a way to make it in a simple way with those awesome indys... can't stand all day in front of the screen, and don't feel comfortable with all the yo-yo thing on lower TF.... Very well put, indeed!

Cheers!

HT
Thank you. An addition to that is if the initial entry was missed. Price tends to pull back to the TM quite often. As indicated by the arrows on the chart. One may place a limit order near the TM and wait. This would also significantly reduce your losses if prices turned on you.
  • #1,514
  • Jun 11, 2009 8:13am Jun 11, 2009 8:13am
Quoting MAD
Thank you. An addition to that is if the initial entry was missed. Price tends to pull back to the TM quite often. As indicated by the arrows on the chart. One may place a limit order near the TM and wait. This would also significantly reduce your losses if prices turned on you.
Forgot the chart. Sorry.
Attached Image (click to enlarge)
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  • #1,515
  • Jun 11, 2009 8:16am Jun 11, 2009 8:16am
Quoting TudorGirl
All,

Here is an updated version of the Vorticity indy.

The current indy does not have "bugs". it is just the way it works. It uses the old Lanczos "differentiation under the integral sign" trick to achieve integration (smoothing) of the derivative (momentum).

The window is set to 5 so it takes samples (t-2), (t-1), (t), (t+1), (t+2).

There is therefore a 2 bar "lookahead".

I think I am right when I say that I can guarantee the indy cannot repaint more than 2 previous bars.

Anyway, try it. You can always go back in the thread and...
Thread creator gets burned out with all the repetative blah blah due to nothing more than video game players wanting more candy while doing even less work than before.

Then, main indi developer and programmer mentions on a few occassions that she would like to focus on trading and broaden her horizons. A few try to assist her in those efforts, but overall, the entire thread following misses an opportunity to simply trade the simple set of indi's and help both Paul and Anne by staying focused.

Mentioned yesterday that trading is about account % growth and not about pip counts. Still, we have several who simply cannot quench their thirst and want to continue to seek mathematical and indi avenues to increase that which is fully capable of providing you a generous income if you would simply TRADE the damn thing. You will NEVER succeed or find ANYONE of trading competence who will trade lower TF's for large pip counts consistently. Lower TF trading is designed to extract some profitable trades out of higher TF PA. It's called developing a plan with a 'positive expectancy' and trading it faithfully.

This thread was a valiant attempt to actually try and get a few people to focus on ONE simple plan, trade it for ONE WEEK and then review. Took about THREE days before it unraveled. The focus was to be on ANY pair you chose to trade, and to take 5M signals and gather results with regards to best time of day to trade and complimenting results based on your work.

C'mon people. The plan was a 5M trade with at least 1 upper TF confirmation. How hard can it be to focus on that for a bit?

I chimed in and posted yesterday with a trading plan that was simple, targeted and in line with industry standards. You were even challenged to try it and see for yourself the possibilities.

Nope, still looking for 100 pip runs with pennies and dimes. While there are a few here that will succeed as traders, most will not. Just cannot find the mental capacity to get through the greed issues.

Very unfortunate indeed. However, one last attempt is warranted here.

The goal was to demo until end of week, find a pair of indi's that you were comfortable working with, trade them on any pair your choose and gain 1-2% of account value with a hard stop of 4% on a daily basis.

Already provided you yesterdays charts with those goals in mind. Took about 30 minutes to reach said goal ( easy enough for ALL of you to do the same).

Today, PA in the Forex was even more accomodating. Took about 15 minutes to gather up 50+ pips, easily reaching targets for account. Simple stuff people yet nobody else is doing any trading. There are some her that are actually TRADING live accounts on a full time basis are there not? There are also some here that profess to wishing to do so. Will it take abstract poverty in order for you to open your eyes and simply take that which Paul and Anne so FREELY gave to you?

Am confident that FF will eventually provide ONE actual trading thread where a group is FOCUSED and professional enough to stay on point instead of the usual foray's into their own trading styles and muted efforts at constantly seeking confirmation of their theories via others threads.

Best of luck to you.
Attached Image (click to enlarge)
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  • #1,516
  • Jun 11, 2009 8:16am Jun 11, 2009 8:16am
Quoting gillybabe
What is ADX and ATR - I cant find them in the MT4 indys. Thanks
Average Directional Movement Index

and

Average True Range

  • #1,517
  • Jun 11, 2009 8:20am Jun 11, 2009 8:20am
Quoting Horrigan
ADX is directional movement index (part of them) and ATR is Average True Range.
Nevertheless, MAIN advatange of this system is NO much indicators, have a "naked" chart.
If you would try it, do it, but i think it is useless
Hi

Live trading benefits from less indicators, wise use of trendlines, resistancelines and support lines, and most of all, money management.

EAs have to use slightly more indis to compensate for our flexible and intuitive human mind

Take care
  • #1,518
  • Jun 11, 2009 8:28am Jun 11, 2009 8:28am
Here is a very small trade for 16 pips. All indicators lined up short red vertical line signal candle, red horizontal lines entry and exits. After my exit the candles retrace up through the Trend Magic line which would have taken me out with a BE trade or possibly a small loss if I would have stayed in the trade. Along with the question of what point do I take profit is how do we re-enter if the trade turns and goes back in our direction like this one did? The signal has already occurred when I entered and after the retrace it breaks to the short side again. I have a 7 SMA on my chart that changes colour with the pullbacks so I may look at re-entry after price pullbacks above the 7 SMA and goes back down and closes below the line. Alot of the time when a pullback occurs on the 5M chart the HG indicator doesn't change colour to set up a re-entry into the trade.
Attached Image (click to enlarge)
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  • #1,519
  • Jun 11, 2009 8:35am Jun 11, 2009 8:35am
Hydrodynamic Vorticity is repaint !~!!!!

can someone tell me how to use it ?
  • #1,520
  • Jun 11, 2009 8:40am Jun 11, 2009 8:40am
Quoting wwp726
Hydrodynamic Vorticity is repaint !~!!!!

can someone tell me how to use it ?
Read the therad again and more carefully, it was been explained, and not long ago

Watch it, and if you see opposite colour, use it, if you want
Do you want an EA for your own profitable system? E-mail or PM me.
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