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Pivot Trading with TudorGirl Indicator on any pair on 5 min timeframe

  • #21
  • Jun 13, 2009 3:40am Jun 13, 2009 3:40am
i had spent a few hours eye balling on EURUSD 5M chart. It looks like buying and selling at the first blue/red seems to work [Only trade after 0600 GMT+0]. When there is ranging market , there are some small losses but overall it's making pips every week.

Just need a proper TP and SL. Can anyone make an EA that use the indicator to trade ? It seems too good to be true. Anyone able to point out any flaw with the indicator ?

P.S The indicator doesn't seem to repaint so I guess my eye balling should be accurate.
  • #22
  • Jun 13, 2009 4:58am Jun 13, 2009 4:58am
Quoting forexisfx
i had spent a few hours eye balling on EURUSD 5M chart. It looks like buying and selling at the first blue/red seems to work [Only trade after 0600 GMT+0]. When there is ranging market , there are some small losses but overall it's making pips every week.

Just need a proper TP and SL. Can anyone make an EA that use the indicator to trade ? It seems too good to be true. Anyone able to point out any flaw with the indicator ?

P.S The indicator doesn't seem to repaint so I guess my eye balling should be accurate.
Hi FX

Firstly, I can assure you that the HG_0001a indicator does NOT repaint.

HG_0001a is a combination of TrendMagic, BB-MACD and LRSI.

Although it contains TrendMagic which DOES repaint, I rewrote the TrendMagic algorithm for HG_0001a to avoid the repainting issue. So you will definitely not get faked by changing color bars after the event!!!

Regards and EA, I have already written it and it is working well. Please see my posted equity curves on the other thread. On the H1 we were looking at taking a £10K account to £90K+ in 2 years on backtest.

The EA is not available for release yet as I want to incorporate SL/TP levels when we have some feedback from forum members (maybe a month or two...)

Anne
  • #23
  • Jun 13, 2009 5:34am Jun 13, 2009 5:34am
I opened this thread so that we can take conservative profits , using the HG001a indi and pivots points. The Pivot Points act as magnet points,so once price crosses a pivot point, the next stop is the next pivot point which can be like 50-60 pips on the majors to 100 pips on the GY pair, so as long as we can take out 50 pips per day using 2-3 pairs, that is more then enough .

Using good MM and risk strategy, you can grow ur capital by conservative 1-2% each day , and that is what anyone can give their eyeballs for such a growth .

Once you understand the power of compounding, then you can see that 10 pips a day is enough to grow the capital.

Nisha


Quoting forexisfx
i had spent a few hours eye balling on EURUSD 5M chart. It looks like buying and selling at the first blue/red seems to work [Only trade after 0600 GMT+0]. When there is ranging market , there are some small losses but overall it's making pips every week.

Just need a proper TP and SL. Can anyone make an EA that use the indicator to trade ? It seems too good to be true. Anyone able to point out any flaw with the indicator ?

P.S The indicator doesn't seem to repaint so I guess my eye balling should be accurate.
Trend is your friend...
  • #24
  • Jun 13, 2009 5:55am Jun 13, 2009 5:55am
Quoting Rastaman
What good is a Daily pivot on a 5 min chart?

You would be much better off using this fibo pivot with some fibo retracements.
Hi

Looks good to use this also, as long as we take profits of each level as trade goes our way. Can use the opposite side pivot as Stop Loss.

The main aim is to take conservative trades and bank the pips, instead of trying to hit a home run all the time.

on a 1 min and 5 min chart, do not expect to get 100's of pips, if you get 20-30 pips, take it and wait for the next setup

nisha
Trend is your friend...
  • #25
  • Jun 13, 2009 6:54am Jun 13, 2009 6:54am
i discover another interesting thing. EURUSD 1M chart , Buy on first blue , sell on first red. If turn yellow continue to hold the position, if turn opposite color exit position and reopen on the other direction. Start trading after 0600 GMT+0, stop trading at 1800 GMT+0. When market is ranging , it will take some very small loss[5-15pips] . When it has long trend , it can go to over 100 pips. If there is small trend, it can take 10 - 50 pips. Why EURUSD ? Becoz the spread is small and we can afford to open and close very quickly. As I am doing eye balling , I can only test a few weeks so far.

Anybody willing to do a simply EA that buy and sell based on the indicator signal ? I think there are lots of possibility in using the indicator , if there is an EA , I could test out many different strategy that make use of the indicator in a very quick way.
  • #26
  • Jun 13, 2009 7:06am Jun 13, 2009 7:06am
Good to know that someone is taking the time to check out this method. I feel that a 4 week live trading or demo trading can give us good entry, exit points and the rules to make the EA. Any EA cannot be 100% left to do its work, need to also keep a track on it for 2-3 months in demo before going live.

anyone who wants to make a EA can co-ordinate with me

nisha



Quoting forexisfx
i discover another interesting thing. EURUSD 1M chart , Buy on first blue , sell on first red. If turn yellow continue to hold the position, if turn opposite color exit position and reopen on the other direction. Start trading after 0600 GMT+0, stop trading at 1800 GMT+0. When market is ranging , it will take some very small loss[5-15pips] . When it has long trend , it can go to over 100 pips. If there is small trend, it can take 20 - 50 pips. Why EURUSD ? Becoz the spread is small and we can afford to open and close very quickly. As I am doing...
Trend is your friend...
  • #27
  • Jun 13, 2009 7:11am Jun 13, 2009 7:11am
The good thing about EA is that it speed up the exploring process, we need someone to provide us the boost. I got many ideas and they are on different TF. I was thinking maybe the EA could trade different TF and use different setting and all of them would make money in a long run. I am only concentrating on EURUSD becoz of the trending nature and very small/stable spread.

Right now, a very simple EA that buy/sell based on indicator signal would help a lot in my research. I would defiantly share my finding with everyone on this thread.
  • #28
  • Jun 13, 2009 7:56am Jun 13, 2009 7:56am
Quoting forexisfx
The good thing about EA is that it speed up the exploring process, we need someone to provide us the boost. I got many ideas and they are on different TF. I was thinking maybe the EA could trade different TF and use different setting and all of them would make money in a long run. I am only concentrating on EURUSD becoz of the trending nature and very small/stable spread.

Right now, a very simple EA that buy/sell based on indicator signal would help a lot in my research. I would defiantly share my finding with everyone on this thread.
Using the same idea above, take a look at daily and weekly chart. I'm sure there is some trading method somewhere we could farm those pips !
  • #29
  • Jun 13, 2009 8:04am Jun 13, 2009 8:04am
Quoting TudorGirl
HG_0001a is a combination of TrendMagic, BB-MACD and LRSI.
I have a question. Why the indicator doesn't throw error when I don't have TrendMagic, BB-MACD and LRSI in my folder ? You code all those indicators inside your indicator ?
  • #30
  • Jun 13, 2009 8:23am Jun 13, 2009 8:23am
Yes, those have been hard coded in the HG0001a indi,so as to avoid repaint, check out TudorGirl replies previous in this thread

Pips can be made on this indi alone as long as you take proper care of MM and dont use emotions when trading, take the signals and ride the pips

Quoting forexisfx
I have a question. Why the indicator doesn't throw error when I don't have TrendMagic, BB-MACD and LRSI in my folder ? You code all those indicators inside your indicator ?
Trend is your friend...
  • #31
  • Jun 13, 2009 8:32am Jun 13, 2009 8:32am
Quoting nisha4x
Yes, those have been hard coded in the HG0001a indi,so as to avoid repaint, check out TudorGirl replies previous in this thread

Pips can be made on this indi alone as long as you take proper care of MM and dont use emotions when trading, take the signals and ride the pips
Thank you for the quick information. I totally agree with you using it alone becoz the indicator itself already have 3 indicators. All we need is a basic EA to access the express way
  • #32
  • Jun 13, 2009 8:41am Jun 13, 2009 8:41am
This is exactly the kind of method i am looking for...conservative, high probability trading on shorter timeframe so that we can limit our exposure to the market.

I am to the point in my trading where I want to set a daily goal (however small it may be) and once that is achieved, I will step away from trading for the day and enjoy life.

Once our confidence increases with a method proving positive results, compounding and good MM can build trading capital and take any trader where they want to be.

Just remember to stay focused and dont take your eyes off of the prize.


Thanks Nisha4x, I will look on with great appreciation!
  • #33
  • Jun 13, 2009 8:52am Jun 13, 2009 8:52am
Quoting nisha4x
I opened this thread so that we can take conservative profits , using the HG001a indi and pivots points. The Pivot Points act as magnet points,so once price crosses a pivot point, the next stop is the next pivot point which can be like 50-60 pips on the majors to 100 pips on the GY pair, so as long as we can take out 50 pips per day using 2-3 pairs, that is more then enough .

Using good MM and risk strategy, you can grow ur capital by conservative 1-2% each day , and that is what anyone can give their eyeballs for such a growth .

Once you understand...

Good point Nisha. That's the core of the system....

Good trading to all

Cheers!
HT
Many share my views with me. But I don't share them with them...
  • #34
  • Jun 13, 2009 9:15am Jun 13, 2009 9:15am
Quoting TudorGirl
Hi FX

Firstly, I can assure you that the HG_0001a indicator does NOT repaint.

HG_0001a is a combination of TrendMagic, BB-MACD and LRSI.

Although it contains TrendMagic which DOES repaint, I rewrote the TrendMagic algorithm for HG_0001a to avoid the repainting issue. So you will definitely not get faked by changing color bars after the event!!!

Regards and EA, I have already written it and it is working well. Please see my posted equity curves on the other thread. On the H1 we were looking at taking a £10K account to £90K+ in 2 years on...
Hi Anne, sorry if this sounds like a silly question, or if you have kindly answered before... Paulus thread has become a egos battlefield and I tend to skip most of the posts..... try to keep an eye on yours, Paulus, Egde (when he's not fighting at notch....)

Well, that put above, once the HG_0001a is a combination of TrendMagic, BB-MACD and LRSI, with the advantage of eliminating TM repainting, would it be enough just using the HG0001a, without TM (as Nisha is developing here), or just in combination with the Vorticity, unless one wants to use TM as som kind of trailling stop?

Kind Regards,

HT
Many share my views with me. But I don't share them with them...
  • #35
  • Jun 13, 2009 9:20am Jun 13, 2009 9:20am
Can anyone provide the mq4 file for the HG 0001a indicator?
  • #36
  • Jun 13, 2009 9:29am Jun 13, 2009 9:29am
file only released as an EX file according to TudorGirl.
Steve
  • #37
  • Jun 13, 2009 9:42am Jun 13, 2009 9:42am
Quoting HouseTrader
Hi Anne, sorry if this sounds like a silly question, or if you have kindly answered before... Paulus thread has become a egos battlefield and I tend to skip most of the posts..... try to keep an eye on yours, Paulus, Egde (when he's not fighting at notch....)

Well, that put above, once the HG_0001a is a combination of TrendMagic, BB-MACD and LRSI, with the advantage of eliminating TM repainting, would it be enough just using the HG0001a, without TM (as Nisha is developing here), or just in combination with the Vorticity, unless one wants...
Yeah, kind of went on a bit of a warpath there. Apologies to all who may have born witness to that.

Am usually pretty focused to scalping. Will apply efforts here, but QUIETLY!

Excellent thread Nisha, with appropriate (imho) goals started here. Am running some of the setups on TS and will inform. Can substitute available strategies for the indi's set forth here and provide some feedback this weekend that may be useful.

Will run candles and Renko as to compare performance as the buy/sell triggers based on the indi's and EA will differ. Will not be able to set firm TP level though as the pivot changes. Overall, am confident that the results will be good based on getting a good PE though.

Again, nice work in the thread as set forth. Very good philosophy in play.

Regards.
  • #38
  • Jun 13, 2009 9:51am Jun 13, 2009 9:51am
sounds promising system...waiting for results
  • #39
  • Edited 10:59am Jun 13, 2009 10:41am | Edited 10:59am
hey guys i discover another thing on EURUSD M1. It seems that everyday there will be a run somewhere within 24 hours [be it small or big run, small run is about 30 - 50 pips and big run is about over 100 pips]. If we use M1, usually the position will be near the start of the run. Which means it's not hard to get a target amount of pip per day [maybe less than 100 pips] since there will always be a run within 24 hours. The problem with using M5 is that it enter too late and exit too late [if using the method i stated earlier]

On M1 , i manual backtest a day where I have 15 small lost [From 2 pips to 13 pips (including spread) ] and 4 winning trades. Why only 4 winning trades ? Becoz I set a target of 50 pips per day and with only 4 trades I am able to get it.

I randomly backtest a few days and I am able to get the target of 50 pips per day for each day that I had tested. Someday it's really fast and I got it in less than total of 10 trades [winning+lossing] becoz the run came pretty fast.

The idea is that we keep on trading on that day until we got a run, hit our daily target and we stop trading for the day. Like i said before there is always a run everyday, we just need to accumulate the pips until we hit our daily target [in my case , 50 pips per day]

I really wish someone could make basic buy/sell EA and post it here so that I could give some demo trading statement on Monday and going forward.

* As mention earlier , i always start the backtest from 0600 GMT+0.
  • #40
  • Jun 13, 2009 11:45am Jun 13, 2009 11:45am
Quoting forexisfx
I have a question. Why the indicator doesn't throw error when I don't have TrendMagic, BB-MACD and LRSI in my folder ? You code all those indicators inside your indicator ?
Yes, they are all inside! And all rewritten NOT to repaint!!!

Anne
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