EUR/GBP Trendmagic System

People,

Can someone tell me how many bars back this indy repaints?

Thanks

PR

Thanks man

If you're using the revised Vorticity, it can repaint for two bars prior to the current bar.

Thanks man.

Initially, I was going to trade the coming week focused only on entries after pullbacks, as described by Paulus. But in my first, learning, week using this method I made well over 50 pips for the week which, believe me, I could live on very comfortably indeed.

So I decided to stick with the method I was using last week. To see what would have happened if I had stuck with one currency and traded full-time all week, today I spent quite a few hours running a simulation and trading it manually, “live”. The results have been encouraging.

It’s the basic system, entry rules are:

Currency: EURUSD

Timeframe: 5 min chart

Long Entry:
Price above TM and HGMTF 5 min goes blue, when either 15, 30 or both already blue.
OR
HGTMF 5 min is blue, along with either 15,30 or both, then price rises above TM.

Short Entry:
Price below TM and HGMTF 5 min goes red, when either 15, 30 or both already red.
OR
HGTMF 5 min is red, along with either 15,30 or both, then price rises below TM.

This entry method should automatically incorporate any entries after a pullback. The rule I have added is that if it’s a pullback setup, I want to see a minimum of two pullback 5min squares the same colour before entry when colour reverts to trend colour.

Stoploss:
See "Exit".

Exit:
Exit is via stop loss using the method Paulus suggested, moving the stop to the previous TM horizontal each time there’s a move, except I always allow additional pips equal to the spread. If on initial entry the last TM horizontal is the wrong side of (or too close too) the price, then I’ll put SL a few pips further than the previous swing high or low.

If stopped out, I won’t re-enter immediately on the same candle, but if conditions meet the criteria I will open a trade at the start of the next candle.

I ran the simulation, using the LFH simulator to re-run last week's candles based on my normal working week, taking the EURUSD as an example.

Working parameters:
Only open morning trades between 06.00 GMT and 16.00 GMT. No break for lunch.
If a trade is still open at 16.00 GMT, keep working and close as appropriate.
No trades after 12.00 GMT Friday.

These times don’t offer the best opportunities, for example if I had started from 05.00 GMT, on Monday last week I would have been in 120 pip run but as I am in the UK on BST (GMT+1) I don’t want to be up and trading at 06.00. 07.00 is early enough for me, I’m an owl not a lark.

Here are the results for last week, there’s even some natural slippage built in where I was slow in placing the order. There are a couple of anomalies, where I made mistakes but they won’t have a marked effect on the overall result.

I'm going to follow the same method this week using the principle "If it ain't broke, don't fix it". Once it proves it's broke (and hopefully I'm not), I'll look to fix it then!


Results:
+188 pips.

Someone could pleeeeeeeeaze make an EA for that!!!

Cheers!

I made over 70 pips this evening on 5 pairs just entering soon after the Vorticity and Trend Magic line matched up. Would have had even more, (abgout a hundred right now) but I wanted to close all since I can't be at the computer in awhile. Even though trading VERY small lots, that would be enough pips for me for one trading session when I start trading this with normal lot sizes, after I confirm it works.
The "rule" is to trade in and out when the Vorticity and Trend line match in color. As simple as that. I take NO credit for this. It was an observation made by Notch.

Seems to be a good start when, on a Sunday evening, you can still confidently go into your cubby hole, observe some light PA and still have the market bless you with some rewarding bling.

Nice Plan A setups on 3 of the 4 pairs I like to follow. AudUsd still not awake as indicated by the 'dead' TM. Fine, it can be a 'hater, others showing enough signs of life to trade on.

In reality, +45 is good enough for any trader to call it a day. This candlestick stuff is plenty dependable enough for this type trading plan. Hope ALL of you do well this week and maintain a modicum of excitement tempered with sound trading decisions.

Take the signals as they present themselves and manage each trade closely. TM is a pretty good SL area as it stands.

Regards.

I wish everyone a good trade week..thanks again TG and PL.

Edgetrader,

Does the technique scalping indy repaint?

Thanks

It can when PA is very active. It has not this eening, has been nice and steady.

Edgetrader, what is your setting on the FT? You earlier posted that you were using 40 but I have it set that way on two different platforms and do not have the FT confirming with blue bars on the EU long trade. My bars all stayed red.

(I covered this thoroughly in my recent post.)

The indy CAN REPAINT up to 3 previous bars.

Anne

Hi Edgetrader,
May I know CCI and ATR setting are you using for the TM? Coz my TM didn't turn blue @ 2320 GMTfor the E/U pair with the original 50, 5 setting.

Thanks

Sorry for the selfish plug here, but I would love to see the tools provided in this thread available for NinjaTrader. Which I think is more flexible (timeframes, range candles, etc) and in general superior to MT4. I wonder why alot of programmers stick to MT4 for charting when there are better tools out there for free. But it just might be a personal preference for me aswell.

Forgive me for beeing offtopic.

Sorry, misprint there. Ft is set for 10 when on plan A.

See edited post #1829

Seconded

Hello everyone..first post here as I have been reading all posts. My great appreciation goes out to especially Paulos and TudorGirl for real good money making, simple to use and very visual stuff!! Let me ask you TudorGirl, would it be possible to put an audible alert on your TG Swing Hi Lo indicator? I could put it to good use as I want to test something out.... Thanks so much for your hard work and kindness in sharing with us Greg D