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EUR/GBP Trendmagic System

  • #1,821
  • Jun 13, 2009 4:22pm Jun 13, 2009 4:22pm
Quoting InvGroup
Main = iCustom(NULL, 0, "TrendMagic",ParamATR,ParamATR,ModeMain,0);
Val2 = iCustom(NULL, 0,"TrendMagic",ParamCCI,ParamCCI,ModeValue2,0);

with ModeMain=0 and ModeValue2=1.

Anything wrong?
The correct way to access the indy would be:
bufferUp = iCustom(NULL,0,"Trend Magic",ParamCCI,ParamATR,0,0);
bufferDn = iCustom(NULL,0,"Trend Magic",ParamCCI,ParamATR,1,0);

Make sure your indy executable is named "Trend Magic.ex4", or change the above lines to match the actual name (without the extension). Also, this would access the currently open bar. To access past bars change the last parameter to 1,2,3,etc... Not sure why you would call one "Main" and the other "val2" though. Make sure you look at the indy code to know what you're getting out of it: bufferUp is the blue line, bufferDn is the red line. That's it. Have fun.
  • #1,822
  • Edited 5:54pm Jun 13, 2009 5:33pm | Edited 5:54pm
Quoting klentz
The correct way to access the indy would be:
bufferUp = iCustom(NULL,0,"Trend Magic",ParamCCI,ParamATR,0,0);
bufferDn = iCustom(NULL,0,"Trend Magic",ParamCCI,ParamATR,1,0);

Make sure your indy executable is named "Trend Magic.ex4", or change the above lines to match the actual name (without the extension). Also, this would access the currently open bar. To access past bars change the last parameter to 1,2,3,etc... Not sure why you would call one "Main" and the other "val2" though. Make sure you look at the indy code to know what you're...

Hi KlentZ

Thank you for your help.

I made a mistake in my example and corrected it after TudorGirl mentioned that the code was wrong. TrendMagic would never be called that way.

Your answer corresponds to what we were doing.

Main and Val2 corresponds to something else that I had in mind.

We are making changes to test if the "get in" signal given by the indi is valid at that moment. If it is, then we use Math algos straigth to the first valid max or min. Changes we are making to adapt the indi to our trading experience.

Our algos work well with other trading signals. Good traders always carry more than one gun.

As you know, TrendMagic does generate wrong signals.

Thank you.
P&P
  • #1,823
  • Jun 13, 2009 7:38pm Jun 13, 2009 7:38pm
Quote
Hydrodynamic Vorticity - a measure of turbulence to help with EXITS.

Hi Anne,

I tryed to integrate your wunderfull indicator in an EA, but the repainting makes it useless.

I think that a solution is to maintain the current value for bar[0] empty, and set the value 1 for the bar[1] only for new opens.
In this case, the check of values for the bars [1] and [2] can give a signal to close an order.
  • #1,824
  • Jun 13, 2009 9:23pm Jun 13, 2009 9:23pm
Quoting sirwolf
Paulus,

Just a note on your suggested fixed TP. I used this method on Wed and was using a 20 PIP TP. I had MANY winning trades. I also reentered on pull backs where the 5 MIN was still the same color. I took out almost 400 PIPS doing this. One to consider for sure.

Bill
SirWolf
Hi Sirwolf,

I would agree with your point here. I have noticed that on the EU for example the swing are usually 20-40 pips and you get a 2-4 candle pullback. It may be more profitable to set small TP levels like 20-30 pips and then wait for pullbacks to re-enter.
  • #1,825
  • Edited 8:31pm Jun 14, 2009 12:12am | Edited 8:31pm
Did quite a bit of performance testing the last week based on the various indi combinations presented. The results are as follows:

SCALPING - TM and FT indi's should merit strong consideration if your trading goals are 7-20 pips net per trade. Settings are optimized at 18 for the FT and 10/20 for the TM. You do not need anything else! Simply put them on your platform and check for yourself. TM will change color more often than the FT allowing you to target re-entry trades in a trending enviornment. Charts on left show this setup in very late action Friday.

SWING TRADING - TM at default and add the TGSF. They will usually match up quite well and allow you to stay with ANY mini-trends that develop. Charts on right provide this visual.

Am striving to keep this thread and the trading of the 5m as simplistic as possible. Even with candlestick charts, you have a tolerable PE of 2.31 and 3.78 for each plan respectively. The 'SWING" numbers were derived by modifying the TGSF on a different brokerage platform to avoid any potential repainting issues. I do not believe there were any but played it close to the vest on that.

That is based upon trading signal to signal for each. Further, it is based on trading 1 hr before U.S. session begins to 4 hours after. You still need to set your own trading goals with regard to TP and SL.

In short, I believe it prudent to use a simple primer and trigger as your only indicators. These will do very well in that regard. Anything else just has a tendancy to cloud the issue.

Also, I still think that the goal of 1.5% account appreciation and -4% maximum account drawdown DAILY will easily allow all of you the opportunity to succeed. Not sure if anyone took that challenge laid out last week, but the numbers do not lie. Don't take my word for it though, Paul or Anne will concur and they are both far more qualified than I to do so.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: final posting.jpg Size: 187 KB
  • #1,826
  • Jun 14, 2009 12:49am Jun 14, 2009 12:49am
@ Edge

Thanks for attaching the indicator. Are you using period=23?

TimeFreedom

Quoting Edgetrader
As requested. Hope you find it a useful tool.

Regards
  • #1,827
  • Edited 5:55am Jun 14, 2009 3:17am | Edited 5:55am
Quoting 4xStar
On the ant-GUBreakout indicator there are several input settings .. the first one says "change this number" But change it to what?
Also the GMT offset .. is that offset to one's broker time or the local time on your computer?

I'd like to have a version of that indicator that shows open/close times for UK and US as well .. I could do that myself if it were an mq4 file, I don't know how to work with the ex4. (Maybe I should learn....)

I have attached the anti-breakout indicator. The numbers that you refer to are the individual numbers that you assign if you apply the indicator to the same chart more than once. So if you want to show 2 different breakout times say the start of the London session and the start of the New York session you would assign the first application "1" and the second "2". These numbers can be anything as long as you don't use the same number.

You can also define what time the breakout box starts and ends, again most use it for the start of the London and New York sessions.
The off set should be what ever time your Broker's data feed is, for example my broker is GMT = 0 so I have the off set as 0.
Hope that helps.
Attached File(s)
File Type: ex4 ant-GUBreakout_V.0.4.1-4.ex4   13 KB | 583 downloads
  • #1,828
  • Jun 14, 2009 3:44am Jun 14, 2009 3:44am
Thanks EdgeTrader. Just a couple of q's. Is there a version of TM that allows you to change the settings, if so could you pls post it or point me in its direction.
The FT at its current bars always seems to point towards its centre line. The same bar after a few mins may become larger. Is that normal behaviour for this indi? Have you noticed it repaint at all in a live environment?

Thanks
Pardy




Quoting Edgetrader
Did quite a bit of performance testing the last week based on the various indi combinations presented. The results are as follows:

SCALPING - TM and FT indi's should merit strong consideration if your trading goals are 7-20 pips net per trade. Settings are optimized at 40 for the FT and 10/20 for the TM. You do not need anything else! Simply put them on your platform and check for yourself. TM will change color more often than the FT allowing you to target re-entry trades in a trending enviornment. Charts on left show this setup in very late action...
  • #1,829
  • Jun 14, 2009 3:55am Jun 14, 2009 3:55am
Quoting Pardy
Thanks EdgeTrader. Just a couple of q's. Is there a version of TM that allows you to change the settings, if so could you pls post it or point me in its direction.
The FT at its current bars always seems to point towards its centre line. The same bar after a few mins may become larger. Is that normal behaviour for this indi? Have you noticed it repaint at all in a live environment?

Thanks
Pardy
Hi Pardy

The version of TrendMagic you have (the one I posted ages ago) allows you to change the CCI and ATR settings!!

The Forex Trend indy can repaint up to 3 PREVIOUS BARS. Be careful with it!!

Anne
  • #1,830
  • Jun 14, 2009 4:00am Jun 14, 2009 4:00am
Thanks Anne.

Quoting TudorGirl
Hi Pardy

The version of TrendMagic you have (the one I posted ages ago) allows you to change the CCI and ATR settings!!

The Forex Trend indy can repaint up to 3 PREVIOUS BARS. Be careful with it!!

Anne
  • #1,831
  • Edited 7:53am Jun 14, 2009 7:19am | Edited 7:53am
My heartfelt thanks and appreciation to Anne, Paulus, Edge, Nisha, and all who worked to make this system a success.

Quote
The TudorGirl suite has:

(1) TrendMagic - for determining MOVING STOPS,

(2) HG_0001a - a combined INTEGRATE/DIFFERENTIATE indy for ENTRIES.

(3) Hydrodynamic Vorticity - a measure of turbulence to help with EXITS.

Paulus Classic setup uses TrendMagic and HG_0001a_MTF.

Edge has posted charts using HG_0001a and Vorticity.

Nisha is now suggesting HG_0001a and Pivots.
... Means that we need only these 3 basic indicators for trading ? Others are just like "mirrors" to these three ?

Ok. Point taken. I'll trade with these 3 indicators and post my results here.

Is there any cause for concern as 2 of the 3 indicators (Vorticity and Trend Magic) repaint ?

What does the "yellow" signal mean in the hg_0001a ? (Buy, sell or wait ?)

Btw, can anyone minimize the repainting to the LAST ONE BAR ONLY, coz i know that making it to be non-repainting is not possible from the previous posts.

Quote
When Edge says that you only ever need two indicators, tirgger and confirmation, he is absolutely right - the mathematics supports his statement.

What are the 2 indicators does Edge use?

Thanks and warmest regards.
  • #1,832
  • Jun 14, 2009 9:12am Jun 14, 2009 9:12am
Quoting username
(1) Is there any cause for concern as 2 of the 3 indicators (Vorticity and Trend Magic) repaint ?

(2) What does the "yellow" signal mean in the hg_0001a ? (Buy, sell or wait ?)

(3) Btw, can anyone minimize the repainting to the LAST ONE BAR ONLY, coz i know that making it to be non-repainting is not possible from the previous posts.

(4) What are the 2 indicators does Edge use?
To answer your questions...

(1) As long as you are aware of the repaint issue you can live with it. Remember that HG_0001a (SFT) does NOT repaint and contains the non-repainting version of TM.

(2) The yellow signal means that TM, BB-MACD, and LRSI are not in agreement so be warned. Any trades will be slightly higher risk than a pure red/blue.

(3) No. The nature of the indy makes it work like this. But I have eliminated repainting from TM inside HG_0001a (see answer (1)).

(4) Look back thru Edge's posts. Almost every chart he posts uses a different combination or setting of the indys. He is profitable with them all. He is a very experienced trader and could probably trade off a horizontal crack in the computer screen and make pips!! Look at what he is doing and you will learn a lot.

Anne
  • #1,833
  • Jun 14, 2009 9:24am Jun 14, 2009 9:24am
hahahahahahahah

you crack me up..............

Quoting TudorGirl
To answer your questions...



could probably trade off a horizontal crack in the computer screen and make pips!!
Anne
  • #1,834
  • Jun 14, 2009 9:30am Jun 14, 2009 9:30am
Quoting Pardy
Thanks EdgeTrader. Just a couple of q's. Is there a version of TM that allows you to change the settings, if so could you pls post it or point me in its direction.
The FT at its current bars always seems to point towards its centre line. The same bar after a few mins may become larger. Is that normal behaviour for this indi? Have you noticed it repaint at all in a live environment?

Thanks
Pardy
Yep. Acts as a momentum type indi showing strength of PA movement.

Thx
  • #1,835
  • Jun 14, 2009 9:32am Jun 14, 2009 9:32am
hi anne

i bet you could make an indicator for the cracked screen system. lol !!

laurence
  • #1,836
  • Jun 14, 2009 9:36am Jun 14, 2009 9:36am
Quoting TudorGirl
To answer your questions...

(1) As long as you are aware of the repaint issue you can live with it. Remember that HG_0001a (SFT) does NOT repaint and contains the non-repainting version of TM.

(2) The yellow signal means that TM, BB-MACD, and LRSI are not in agreement so be warned. Any trades will be slightly higher risk than a pure red/blue.

(3) No. The nature of the indy makes it work like this. But I have eliminated repainting from TM inside HG_0001a (see answer (1)).

([b]4) Look back thru Edge's posts. Almost every chart he posts uses...
Very insightful and appreciated.

Truth be told, I use a combination of failing eyesight to obseve PA as my primer, a 1927 silver dollar which I flip for the trigger mechanism and augment those with focus on longs and the ability to summon Kreskin llike prestidigitation in order to garnish a few pips here and there.

Thx.
  • #1,837
  • Jun 14, 2009 9:47am Jun 14, 2009 9:47am
Seriously, there are at least six (6) different combinations available to utilize with the base set of indi's focused on withing the thread.

The truth of the matter here is that, with scanning around four (4) pairs at times the market provides strong liquidity (volatility) you can confidently extract enough pips to do just fine.

Simply set some goals for yourself each day. You have a nice little bag of tools to work with on the MT4 platform. Am not a candlestick trader myself, but there certainly are strong possibilities to trade such.

Am going to defer mentioning other platforms and charting packages for the time being. I think that once EVERYONE has become somewhat proficient in just going about the mundane daily trading of this method with the tools available, then we can divulge some more materials in such a manner that the actual performance results will have you salivating.

As a group, we crawl, then walk and then jog. Sorry, no running in the hallways.

Lots of fun at times here and this week should be a defining time in the development and augmentation phases of this plan.

Have a great day or evening.

Regards.
  • #1,838
  • Jun 14, 2009 9:54am Jun 14, 2009 9:54am
Thanks for the prompt reply, Anne. I got grip of it now. Looking forward for some good trading results next week. :-)

Edge must be a really experienced expert trader to be able to "extract the pips from a crack on his screen". Nice one. :-)

But what you said was true since most of his trades that he posted were indeed profitable.

Warmest Regards.
  • #1,839
  • Jun 14, 2009 12:57pm Jun 14, 2009 12:57pm
Guys do we speak that this indy does repainting almost 3 bars back?!

Or it is only changeing size?

I did not notice repainting...You get blue and after it just change to red?! Or opposite?!

You mean about that...?!
Work smart not hard
  • #1,840
  • Jun 14, 2009 2:10pm Jun 14, 2009 2:10pm
Quoting sony
Guys do we speak that this indy does repainting almost 3 bars back?!

Or it is only changeing size?

I did not notice repainting...You get blue and after it just change to red?! Or opposite?!

You mean about that...?!
It changes color back up to 3 bars depending the strenght of the move.

Kristjan
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