EUR/GBP Trendmagic System

Thanks.

Hi all !! I nedd good template and indicator for this awesome system !!!
Is possible upload ?
Thank Bye !!

Sorry, they are only being issued to people who can prove they have read the whole thread.

Nice one D.

Dorko,

Paulus provided a template. It's in the thread, however if you are interested in the system, I suggest that you take the time to read the thread, particularly his posts.

Cheers
Ezzy

Right on Ezzy, nice to see the thread getting back on track, thank you.

Jim

Stop is now at 1.6420

Look on first post - then read the thread - you will learn a great deal as I have

RTFM as they say or in this case RTFT

N

Paulus, TG and other Serious members,

Can i please just confirm if you wish to see results from trading the Paulus/TG method as described or is there interest in different variations of the OFFICIAL indi's supplied.

Someone recently posted their method of trading the Hydrodynamis and the Trend Magic.

If you are after just results of the HG and TM on different time frames then i will reserve my posts to that.

If however you are looking for examples of good and bad trades with differnet variations of the indi's then i will post that as i am looking for a combination that suits my trading times.

thanks
Waddij

SELL GBPUSD AGAIN

I have read every word of this thread and if I have missed the definitive answer to my question, then I apologise.

The rules require a match of M5 and another TF. To be a valid long trade, the price must be above the TM line and the line must be blue. If the price is not above the TM line when the 2 TFs first agree and assuming the 2 TFs continue to agree, is it OK to take the trade if and when the bar finally crosses the TM line and the TM line turns blue? This may be several bars after the TFs first agree. This frequently happens.

I do not wait for the qualifying bar to close - as long as PA is on the right side of the TM. Does anyone feel strongly one way or the other on this?

I am demo trading the rules for entry but I am trying different ways to determine the best exit strategy. When I set my TP at 20 pips with equivalent SL of 20 pips, (R/R 1:1), I have had considerable success. I find this method of trading less stressful and I can walk away from the computer if I choose. The system is offering enough opportunities to make good money without looking for the big runs.

Karl

The forex freedom bars on my charts are quite often different to those on the charts posted. Ive looked through the thread again and I can only find the original download, can anyone tell me , has there been a further download that I have missed, or has any adjustment been made to this indicator, apart from the time frames is there anything else i should alter
Thanks

Please go read posts #1639 and #1651 once more.

You people, as a whole, are sitting on a gold mine. Some of you have a good general idea and some are still floundering and clueless. You know which group you fit in to based upon your initial reaction to that statement. Nothing personal, just the way it is.

Still reading all sorts of posts regarding a TP. Some get 50 pips and give back 40 of it, some actually let and strongly profitable trade like that actually go negative. They qualify such action based on their perception of the 'plan' being followed to the tee.

Ok, point one is there is no plan to be followed to the tee. Paul has set forth a plan that he himself is comfortable with. He provides trading guidelines that are structured for his own purpose. Remember, his actual trading goals are MODEST!!!!! Looking for 30-40 pips per day. He has mentioned this on more than one occasion.

You have to have the ability to use the plan provided and adapt such to your own personal trading objectives. Unless you simply want to trade signal to signal and actually ACCEPT the results of such blind mechanical trading, then the variables available to you become expansive bordering on infinite.

This is a 5M plan. Again, this is a 5m plan. Did you miss that? This is a 5m plan. I see several people looking at longer TF's like the 1H, mostly because they state they are WORKING and cannot follow charts very often. While your job is obviously important, playing around on a 1H chart is costly unless you have about 50k to commit to an account and you damn well better be able to afford to LOSE those funds. The idea here is to set forth instruction that allows a person the opportunity to TRADE FOR A LIVING! Again, those working a job are not being dissed here. However, the focus is concentrated to full time trading as opposed to income augmentation based on the plan.

That said, we also have rumbling of additional indi's that some posters have finally spoke out on. Do not be so timid! The plans indi's are adequate. Anything else is completely unnecessary and clouds the issue. In short, trade any indi you want, however, until you can qualify it's incorporation into the plan with proven trading results it is simply a waste of time and only makes you appear unpolished and nothing more than another crusader on a quest for the holy grail.

Once more, this morning brings rapid opportunity for even my own meager efforts. Yep, took a stab at the 4 pairs I think provide the best opportunity to extract some profits commensurate with my own trading objectives. (I have already posted such previously).

This took about 7 minutes and am thrilled to have been able to limit my market exposure to such a paltry amount of time. As shown, a quick 46 pips was garnished, easily reaching account increase daily goals set forth in previous posts.

Easy to do the math here, 46 x $10 per pip (1 standard lot) = $460.00.

Yep, these were taken on a MT4 demo account but we have already discussed that issue. This week was to be used to isolate and modify the indi's to each traders personal choice. Cannot provide decent feedback unless the dang thing has some variables placed into such in order to optimize potential results. Mine obviously are not as that of Paul's, but my trading style is a bit different also. However, the basic plan is intact! I simply use a modified TM and THHV with one other indi ( is in the thread and thx to that poster) as my own guide.

In short, you have two options available. You can trade the plan as set forth by Paul and Anne and it will do fine in the long term. You need to accept the results of such as it is 100% mechanical. Or, modify it a small bit to fit your goals and accept those results. This thing offers both scalper and swing trader excellent potential. Make a decision, plan your trade and trade your plan!!!! Every single time the market offers you PA to match your trading criteria!! It does not matter if the trade loses!! It is all about probabilities!! C'mon people, if only trading demo, pennies or dimes you can 'martingale' ( if you need to ask, look it up) the damn plan until you understand the probabilities involved here. Look beyond the tree in front of you. Take one step to the side and see the forest!!

Trading has ONE, and only ONE reliable indicator. Put an account growth chart on your screen. See that line on the chart? It had better be moving from lower left towards upper right. The simple indi's here, even a bit lagging as all others, will most definately help you accomplish the goal of making sure your number one priority chart ( account growth) is providing PA that ALL traders want to see. Yep! BOTTOM LEFT TO UPPER RIGHT!

Enjoy your day and Regards.

Scartree, you asked whether anyone feels strongly about only taking the trade once price is above/below the TM. Well I feel strongly about that rule. The basic thing everyone must understand about this method is that it is based primarily on price being above or below the zero line on the 50 cci. Then you trade long above, and short below. It's really that simple. The other indicators that people are using are simply to help them implement that strategy at the correct time. I have used the 50 cci for years and can attest to how many times price bounces back off of that line. So yes, wait or it to cross it and for a closed candle. That's my strong opinion.

this is a great system and i thank all contributors, especially tudorgirl and paulus.

can someone add an alarm-function to the trendmagic? as soon as it change the colour an alarm should appear.

that would be great!

thanks in advance!

Here are the current results of the polls Paulus asked us to vote on.

If you haven't already taken part, click here to vote on pairs and here to vote on time frames.

Thanks Edgetrader, I agree with you. I see two options which are equally valuable and shouldn't be allowed to take away from each other.

1) To mechanically test an existing system to the T just to measure its success/failure rate. Ultimately this can best be done by automatizing the whole thing in the form of an EA. That allows backtests, forward demo tests and forward small real accounts test.

2) To trade the system adapted to your style . Here it is important not to cloud the issue with anything you haven't already tried and achieved statistically significant success with. Only with a good number of successful trades under your belt should you come to the forum describing it to others. (Chucks! That counts me out!!!)

D

I have actively been using the original Trendmagic and Trendmagic_MTF. Like all indicators, it looks perfect in history, because that is _all_ indicators do, show history. However, it is up to us to learn how the indicators behave during market events and interpret our indicators to see with a higher than 50/50 change what the future will be with enough success to cover the spread and make a few pips.

The power of Trendmagic_MTF comes from THE COLOR CHANGE. Why? Because the color change signals a change in market direction, a Trend reversal. It doesn't matter what causes these trendreversals, but they generally have enough momentum when they occur so that they continue to occur long enough to make pips. I have found that when all four timeframes change from one color to the other color, that signifies a trend change, and I have used that to take positions very sucessfully. The hard part is the discipline to WAIT until market conditions meet that criteria. Sitting around watching the screen all day is not exactly fun, but if an alert were coded in to alarm the conditions that I see happen in conjunction with the market, it could make life easier. Even better, once it is demoed and proven, an autobot! (I know how to code them but haven't gotten the rest of the package together). Enough rambling, this picture is worth more than 1000 words. When the Trendmagic_MTF colors all change from green to red, it's my sell signal. When the Trendmagic_MTF colors all change from red to green, it's my buy signal. See attachment. Sorry for the use of green, but it's what works for me.

Anne - Thanks for the Vorticity indicator, it might fill the piece of a puzzle needed for "in effect trends". I tried to PM you but since I am such a newbie here it won't let me. If you wish to contact me, please use the email link on my website, www.johnferguson.net To others, I'm not trying to be rude but don't want to be flooded with email so other requests will be politely ignored.

Proof that not only what I am observing works, but I am trading it when it does and making pips.

Anne - If you find my inputs worthwhile and are interested in more offline inputs, please you would contact me through my website www.johnferguson.net