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EUR/GBP Trendmagic System

  • #1,921
  • Jun 15, 2009 7:51am Jun 15, 2009 7:51am
Quoting Horrigan
On basis of what you was went to position? I'm not see some signal
Sorry for stupid question
just enter when tghv agreed with ft..
Patience is the keyword here...
  • #1,922
  • Edited 8:05am Jun 15, 2009 7:51am | Edited 8:05am
Quoting behof
Hi Anne !

Could you tell me, when the TM and the other indicators are available
for the other chart packages ?
(Ninja Trader, Tradestation....)

You posted some time ago that you would transform the indicators to
the other platforms.

Thanks in advance and good luck with your trading

Bernhard
Hi Bernhard

Horrigan is right - I am trying to make a few pips as well as a few indys!!

If you don't want to wait for the indys, you could probably knock them together yourself in a few minutes!!

TrendMagic is just...

CCI(50) + ATR(5) when price moving DOWN,
CCI(50) - ATR(5) when price moving UP.

HG_0001a_MTF is just an MTF version of TrendMagic

HG_0001a (STF) is just a fuzzy weighted combination of TrendMagic(50,5), MACD(144,233) and LRSI(0.75).

Since each component is a standard indicator, it should be easy enough to code in just a few lines.

Annie
  • #1,923
  • Jun 15, 2009 7:53am Jun 15, 2009 7:53am
Quoting stevewide
my math skills from engineering school have vanished with age. All I remember is:

Pi R Square. No, Pi R Round, Cornbread R Square

Please see the highly mathematical revolution attached where the vorticity is overlayed the HG to save space. I like it.

Steve
Hey Steve,

I LOVE what you have done overlaying the two indys! Makes it so neat and easy to read!!

Anne
  • #1,924
  • Jun 15, 2009 7:56am Jun 15, 2009 7:56am
Quoting TudorGirl
Hi Bernhard

Horrigan is right - I am trying to make a few pips as well as a few indys!!

If you don't want to wait for the indys, you could probably knock them together yourself in a few minutes!!

TrendMagic is just...

CCI(50) + ATR(5) when price moving DOWN,
CCI(50) - ATR(5) when price moving UP.

HG_0001a_MTF is just an MTF version of TrendMagic

HG_0001a (STF) is just a fuzzy weighted combination of TrendMagic(50,5), MACD(144,233) and LRSI(0.75).

Since each component is a standard indicacator, it should be easy...
Hi Annie !

Thanks for your quick reply
That shouldn't indeed no big deal.....
By the way I'm using TM to confirm crossing with another indicator...
It's working quite well because the choppiness had gone away....

Happy pippin

Bernhard
  • #1,925
  • Jun 15, 2009 7:59am Jun 15, 2009 7:59am
Annie, be aware that red-flaged news incoming Careful!!!
Everyone others of course too
Do you want an EA for your own profitable system? E-mail or PM me.
  • #1,926
  • Jun 15, 2009 8:00am Jun 15, 2009 8:00am
Quoting Horrigan
Annie, be aware that red-flaged news incoming Careful!!!
Everyone others of course too
and closed to avoid news
Patience is the keyword here...
  • #1,927
  • Jun 15, 2009 8:14am Jun 15, 2009 8:14am
Geithner speaking at 3pm. Always moves the market a lot. Careful.
  • #1,928
  • Jun 15, 2009 8:20am Jun 15, 2009 8:20am
Anne, nice job on the +19. You are correct, as others have mentioned, that +10 is a bit tight. Further, you probably would have already been a goal if taking the +10 scenario. Be very careful on re-entries. As noted, they are potential landmines.

Folks, the setting for the FT is 18, sorry for any confusion as I thought I had cleaned that up with my edited posting on Sunday. Setting for the TM is 10/20 respectively.

Both TM and FT will repaint at times, however, they are accurate enough to trade pretty consistently off of. As shown in the trades from this a.m., TM is changing pretty often as PA was very choppy for a while. At least from when I began. However, FT did ho;d color so I held the trade.

Have not checked the TM and TGSF yet as the settings are default. Will do so in a bit. This is why I looked at two separate setups, scalping and swing trades. You need to be able to adapt your trading to the PA as it is developing. Both setups are very close from a setting perspective, one does a bit better job of allowing you to trade in tighter PA, the other will catch each and every mini-trend as they occur.

Regards.
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  • #1,929
  • Jun 15, 2009 8:26am Jun 15, 2009 8:26am
Quoting Edgetrader
Anne, nice job on the +19. You are correct, as others have mentioned, that +10 is a bit tight. Further, you probably would have already been a goal if taking the +10 scenario. Be very careful on re-entries. As noted, they are potential landmines.

Folks, the setting for the FT is 18, sorry for any confusion as I thought I had cleaned that up with my edited posting on Sunday. Setting for the TM is 10/20 respectively.

Both TM and FT will repaint at times, however, they are accurate enough to trade pretty consistently off of. As shown in the trades...
Hi Edge

I can see now, with perfect hindsight, that you are right. Each of my 3 break-even trades had reached +10 to allow me to set the stop at b/e.

Had I just taken the 10 pips I would be up +19 + 10 + 10 + 10 = 49 and I would be only 1 pip down on my target!

Sigh......

Anne
  • #1,930
  • Jun 15, 2009 8:38am Jun 15, 2009 8:38am
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Patience is the keyword here...
  • #1,931
  • Jun 15, 2009 8:50am Jun 15, 2009 8:50am
Quoting TudorGirl
Hi Edge

I can see now, with perfect hindsight, that you are right. Each of my 3 break-even trades had reached +10 to allow me to set the stop at b/e.

Had I just taken the 10 pips I would be up +19 + 10 + 10 + 10 = 49 and I would be only 1 pip down on my target!

Sigh......

Anne
Quite so, hindsight is ALWAYS 20/20.

On the other hand, trading the 'A' plan as designed is quite accurate with decent PA. Here is another set of +10's.

Saddle up.
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  • #1,932
  • Jun 15, 2009 8:59am Jun 15, 2009 8:59am
I have a suggestion for an improvement on the HG MTF indi...

Since the MTF stuff is unreliable for backtesting, and when you load your charts up to start trading or switch timeframes the mtf bars can change...If the Trend Magic and HG MTf is just all based on the CCI...

Would it not be possible to have 4 inputs in an improved HG indi to input various CCI period settings?

I'll explain what I mean, lets say the 1st Period setting for the 1m timeframe is cci 50, then for the 2nd timeframe, use for example cci 250 to emulate the m5 timeframe, and so fourth for the 3rd and 4th timeframes. Bit like the ForexFreedomBars indicator, so that it reads everything from one timeframe but reads the CCI from different periods that makes it like an mtf indi without the repainting issue?

Theres a trading method called the Pimpology method that uses these types of CCI readings on one chart to get an mtf type of reading. I hope i make some sense here?

Any thoughts on this? By the way congrats on your +19 Anne, Keep taking +10 profit wen u get the chance, profit is profit at the end of the day.
  • #1,933
  • Jun 15, 2009 9:10am Jun 15, 2009 9:10am


That choppy PA is really difficult to gage. All pairs just wanting to be difficult. Pretty shallow moves in each direction is pretty good scalping food, trend oriented trader getting a few scraps but begging for more.

ARRRRG The Forex
  • #1,934
  • Jun 15, 2009 9:12am Jun 15, 2009 9:12am
Good day to you

I see that you have a monthly pivot @ 1.0917 on your trade. This level has been tested 4 times today - but holding... strong resistance there. Just keep an eye out...
  • #1,935
  • Jun 15, 2009 9:12am Jun 15, 2009 9:12am
Hi Edge !

Which settings do you recommend for trading off the 15min chart ?
My actual settings are as follows :

TM => 50/62 (CCI/ATR)
FT => 23

I'm using the FT indicator only for showing me divergence between
Price action and the indicator.

Happy Pippin

Bernhard
  • #1,936
  • Jun 15, 2009 9:17am Jun 15, 2009 9:17am
Quoting WilteredFire
I have a suggestion for an improvement on the HG MTF indi...

Since the MTF stuff is unreliable for backtesting, and when you load your charts up to start trading or switch timeframes the mtf bars can change...If the Trend Magic and HG MTf is just all based on the CCI...

Would it not be possible to have 4 inputs in an improved HG indi to input various CCI period settings?

I'll explain what I mean, lets say the 1st Period setting for the 1m timeframe is cci 50, then for the 2nd timeframe, use for example cci 250 to emulate the m5 timeframe,...
Good post here. While not a coder in any sense of the word, I none the less will provide another option.

CCI (Commodity Channel Index) is a pretty good indi overall. I think that, as you work on MTF type indicators to incorporate into the MT4, at some point someone should look at another basic indi to try gaging strength with.

RSI ( Relative STRENGTH Index) might be worth a gander. Is touchy as is the CCI, but is somewhat designed to gage strength I believe.

Just an idea.
  • #1,937
  • Jun 15, 2009 9:19am Jun 15, 2009 9:19am
Im trading 1min and 5min with HV and FX trend as TP and SLI will post finding later..

All looks good

P
  • #1,938
  • Jun 15, 2009 9:20am Jun 15, 2009 9:20am
Quoting behof
Hi Edge !

Which settings do you recommend for trading off the 15min chart ?
My actual settings are as follows :

TM => 50/62 (CCI/ATR)
FT => 23

I'm using the FT indicator only for showing me divergence between
Price action and the indicator.

Happy Pippin

Bernhard
Hey Bernhard,

I am pretty focused on the 5m at the moment. Let me defer any opinion on a higher TF until later today. Have another 1 1/2 hrs avail. to look at 5m charts. Will look at the 15m then and provide some meager analysis.

Regards.
  • #1,939
  • Jun 15, 2009 9:21am Jun 15, 2009 9:21am
Hey TG,

I have been very successful using similar mindset to Edge, lots of small trades do add up to a nice days trading.

15 wins on 15 trades for 200+ pips today on live account, small targets 10 to 20 pips is the way to go - especially on 5m TF, generally I set SL at last swing hi/lo or most of the time I don't set SL as I monitor the trade the whole time, making money while watching TV beats the daily grind.

A SL that's too close will more often than not cause you to loose more often than win, you gotta give the trade room to move - one of the hardest things when you start to trade is to watch the trade go against you, but it is necessary and will definately happen when trading 5m TF but when you trade with the higher trend most of the time it will come back to you - but it is nerve racking.

I must thank Paulus for yet another interesting and insightful system and yourself for the great indis.

I have not had confidence in my trading like this for many months - I feel I might be back in the game.

My set up uses TM and ADX which works very well as a reentry signal when the market is continuing in one direction as it was today - all short for my pairs.

Well, I'm finished for the day, it's actually getting close to midnight here in Adeliade South Australia and the fun is over for now.

Good luck to everyone.

Pbully

Quoting TudorGirl
Hi Edge

I can see now, with perfect hindsight, that you are right. Each of my 3 break-even trades had reached +10 to allow me to set the stop at b/e.

Had I just taken the 10 pips I would be up +19 + 10 + 10 + 10 = 49 and I would be only 1 pip down on my target!

Sigh......

Anne
  • #1,940
  • Jun 15, 2009 9:24am Jun 15, 2009 9:24am
Quoting Paulus
Im trading 1min and 5min with HV and FX trend as TP and SLI will post finding later..

All looks good

P
There it is!!!!! Extraction of pips on a bit lower TF. Love going after less pips with more lots. Just need a good PE. Looking forward to those results good sir.

Regards.
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