EUR/GBP Trendmagic System | Page 79 | 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

  • #1,561
  • Jun 11, 2009 10:53am Jun 11, 2009 10:53am
Quoting Andy B
This may help Paulus:

http://www.financial-spread-betting.com/Tax-free.html

http://www.forexfactory.com/showthread.php?t=161108

I predominantly use Capital Spreads, their platform is responsive and rarely is a trade price missed. Their spread is usually 3 on EURUSD and 4 on GBPUSD

Andy
And this one, which I think is referenced in the 2nd thread above:
http://www.hmrc.gov.uk/manuals/bimmanual/BIM22017.htm

I went through hoops several years ago trying to get a definitive "yes" or "no" from IR re whether my "winnings" were taxable or not. Despite regular correspondence all I ever got were typical responses. The bottom line, as I translated it was: "It's up to you to decide whether you need to pay tax or not, but we reserve the right to chase after you for tax if we so decide." Not helpful.

It just goes to prove there is no formal definition in place, I'm sticking with my accountant who maintains I am not eligible to pay. If they want to come after me fine but they'll have to accept very small payments over a very long period of time if they can ever prove liability!
Full-time trader and loving it!
  • #1,562
  • Jun 11, 2009 10:56am Jun 11, 2009 10:56am
Quoting Paulus
Digitalis

IG quote 1pip spread at time on EURUSD have you ever got this

I used to use Finspreads but got fed up with the re quoting..how is IG ?

How are there spread in comparison

One thing about the Tax because I have come across this..

If you earn more from trading than your day job then you will be asked to pay tax on it even though you are going through a spread betting company

If your full time and trade through a SB company and its your only source of income you need to pay tax on it

have you found this..any accountants out...

I actually rate IG. I have tried ODL, CMC, TwoWayMarket, CapitalSPread and I can sincerely state that IG has left them standing. But I'll be checking out 'prospreads' because I understand that they cater for the real trader so basically you get to trade size without the fear of silly games. I sometimes get the 1 pip spread but it does fluctuate.
  • #1,563
  • Jun 11, 2009 10:57am Jun 11, 2009 10:57am
Quoting Digitalis
And this one, which I think is referenced in the 2nd thread above:
http://www.hmrc.gov.uk/manuals/bimmanual/BIM22017.htm

I went through hoops several years ago trying to get a definitive "yes" or "no" from IR re whether my "winnings" were taxable or not. Despite regular correspondence all I ever got were typical responses. The bottom line, as I translated it was: "It's up to you to decide whether you need to pay tax or not, but we reserve the right to chase after you for tax if we so decide." Not helpful.

It just goes to...

I'm an Accountant and I haven't come across anything to suggest I need to pay tax. No laws, no precedents, no nothing and as a consequence I don't pay any tax.
  • #1,564
  • Jun 11, 2009 11:01am Jun 11, 2009 11:01am
thanks all thats a real nice piece of feed back I appreciate that

P
  • #1,565
  • Jun 11, 2009 11:17am Jun 11, 2009 11:17am
Quoting chemfly
Only for EUR/USD 5MIN
check it now...
What bit you do not understand? There have been said several times no more indicators we are just fine with original setup that Paulus gave us and the work that TudorGirl have done.

Guys if you would like to add indicators to your chart do it but DO NOT POST them here.

Kristjan
  • #1,566
  • Jun 11, 2009 11:20am Jun 11, 2009 11:20am
Quoting kristjantelve
What bit you do not understand? There have been said several times no more indicators we are just fine with original setup that Paulus gave us and the work that TudorGirl have done.

Guys if you would like to add indicators to your chart do it but DO NOT POST them here.

Kristjan

sorry sir

deleted it already...
  • #1,567
  • Jun 11, 2009 11:23am Jun 11, 2009 11:23am
Quoting Paulus
Thanks Diditails

We need solid posts regarding wins losses,from what Ive read MT cannot back test a multy time frame set up so its down to forward testing

Or...... untill things have been coded to work on Trade Station for example which Ive used and is about the best there is..

If you do enough round trips its free btw !


I was stopped out my long for 79 pips so up around 36 which I'm cool about

Im still looking to take signals

Paulus
Here you go here are my todays trades. I have to addmit I do trade out of 1 min not on 5 min TF but still. Here you see some losses too but overal day ended with proffit. I know that I trade small but this is just to try the system out. The main thing is that I trade live no demo cos on demo the emotions do not affect you and you will not learn anything. One more thing is that I did not took all the signals.

Kristjan
Attached Image (click to enlarge)
Click to Enlarge Name: trades today.gif Size: 56 KB
  • #1,568
  • Jun 11, 2009 11:35am Jun 11, 2009 11:35am
The OP's original pair EURGBP just signaled a short I believe:

http://i37.tinypic.com/1sf8nk.jpg
You are in a maze of twisty little passages, all alike.
  • #1,569
  • Jun 11, 2009 12:17pm Jun 11, 2009 12:17pm
as long as TM is flat and PA is in horizontal range
  • #1,570
  • Jun 11, 2009 12:20pm Jun 11, 2009 12:20pm
The stop's fairly close (just above the last swing high), so it's a low-risk entry.
You are in a maze of twisty little passages, all alike.
  • #1,571
  • Jun 11, 2009 12:20pm Jun 11, 2009 12:20pm
[quote=Paulus;2796487]Thanks Diditails

We need solid posts regarding wins losses,from what Ive read MT cannot back test a multy time frame set up so its down to forward testing

Or...... untill things have been coded to work on Trade Station for example which Ive used and is about the best there is..

If you do enough round trips its free btw !


I was stopped out my long for 79 pips so up around 36 which I'm cool about

Im still looking to take signals

Paulus

Hi Paulus,

Firstly many thanks to yourself and TG for such an excellent piece of work. Apologies for not posting before, but I have only discovered your thread this week.

In response to your request, today is the first day I have traded this system only. In total I had 3 trades, 1 loser and 2 winners based on 5m. Took eu short before the numbers at 1.3995 - moved stop too quickly to 1.4010 which was hit for -15 (would have been good for 40-50 pip [profit if I followed your rules].

2 winners were with cable, long at 1.6465 at 14.25 BST with exit at 1.6524 for 59 pip gain, and also took long AU at same time (thanks to Digitalis) at .8153 and closed at .8188 for 35 pips.

Net for the day, +79 pips, which is more than enough for me.

Many thanks again.
  • #1,572
  • Jun 11, 2009 12:21pm Jun 11, 2009 12:21pm
Quoting stevegee58
The stop's fairly close (just above the last swing high), so it's a low-risk entry.
Be consistent.
  • #1,573
  • Jun 11, 2009 12:30pm Jun 11, 2009 12:30pm
I will enter when i get the signal and PA cross one of the blue lines , possibly retouch it and go away . There will be breakout soon.
Attached Image (click to enlarge)
Click to Enlarge Name: CropperCapture[28].jpg Size: 31 KB
  • #1,574
  • Jun 11, 2009 12:32pm Jun 11, 2009 12:32pm
Quoting sebastiaos
I will enter when i get the signal and PA cross one of the blue lines , possibly retouch it and go away . There will be breakout soon.

Does your chart even have ANYTHING from the system in it?
  • #1,575
  • Jun 11, 2009 12:37pm Jun 11, 2009 12:37pm
Buy signal on EURJPY:

http://i36.tinypic.com/15n13jd.jpg
You are in a maze of twisty little passages, all alike.
  • #1,576
  • Jun 11, 2009 12:42pm Jun 11, 2009 12:42pm
Be areful. TM has been flat for a long time. I would let it go a bit more to be safe.
  • #1,577
  • Jun 11, 2009 12:43pm Jun 11, 2009 12:43pm
I probably shouldn't be trading at all in the US east coast afternoon anyway.

Got stopped out of the EURGBP short.
You are in a maze of twisty little passages, all alike.
  • #1,578
  • Jun 11, 2009 12:46pm Jun 11, 2009 12:46pm
Actually this pm I have done really well and recovered some of my am losses.
  • #1,579
  • Jun 11, 2009 12:46pm Jun 11, 2009 12:46pm
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.

EURUSD hourly chart (Daily chart is in an uptrend)

TM = Trend Magic
HV = Hydrodynamic Vorticity
Hi MAD,

This was a very useful post. Were you using the older version of the HV indicator, or the newer version updated by TG on page 99, post #1473?

Many thanks,
Bob in Wisconsin
  • #1,580
  • Jun 11, 2009 1:05pm Jun 11, 2009 1:05pm
If any one can point me to or post a renko bar for MT4 Id appreciate it

cheers

Paulus

ps if my 5min block goes blue on GBPJPY I will be long

P
2 traders viewing now