EUR/GBP Trendmagic System | Page 114 | Forex Factory

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EUR/GBP Trendmagic System

  • #2,261
  • Jun 17, 2009 12:53pm Jun 17, 2009 12:53pm
Hi Paulus.Am excited about your system. What other pairs do you trade besides the EUR/GPB?????
  • #2,262
  • Jun 17, 2009 1:04pm Jun 17, 2009 1:04pm
Quoting notch
I have just taken a light crude oil trade (short) based on the system. Wish me luck! I'll post my charts after the trading day.

Hi Notch,

I am relatively new to this and originally started out trading crude oil, but was never too succesful.

Would be interested to know how you got a long with this strategy with oil
  • #2,263
  • Jun 17, 2009 1:21pm Jun 17, 2009 1:21pm
Now I traded gbpjpy.
3 trades; 2 loosers, one OK.
1st/ bought @156.28
closed @156.04 (indicator changed color) - 24 pips

2nd/ sold @156.15
closed @ 155.92 (indicator changed color) - -13 pips

3rd/ bought 156.16
closed @156.57 + 41 pips (closed for a day)

Total +4 pips
Not loosing yet, hope next European sesion will be better.

Cheers,
Lietuve
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  • #2,264
  • Jun 17, 2009 1:21pm Jun 17, 2009 1:21pm
Quoting joewalker123
Hi all,
Sorry to be a pain but i am having trouble installing this. When i save it in my indicators folder i reload metatrader and it displays an error message then crashes. Has this happend to anyone else? any help would be really appreciated.

Many thanks to all

Joe
Hello mate, i had the same trouble. You are probably doing everything right. you just need to re-download the latest version of metatrader to build 223 or 224. if you already have a live account prob best to contact your broker. otherwise, just re-download it from metatrader. hope this helps
  • #2,265
  • Jun 17, 2009 1:31pm Jun 17, 2009 1:31pm
Edge,
Good points made about best times to trade currency markets. Thought I'd chime in and point out the pickup in volume experienced about 2PM EST. Have included an attachment to highlite this on the USDCHF and EURUSD.
Have enjoyed your insights on taking profits quickly when scalping.
Keep'em coming.
Cliff


[quote=Edgetrader;2810195]As you are finding out today, the time period to trade these plans are crucial!!!!!!!!!!

As mentioned long ago, the single best period to trade are 1 hour before London open until 2.5 hours or so after, and, 1 hour before U.S. open until 2.5 - 3 hours after.

That is more than sufficient time to trade depending on your domicile. The market simply must have enough participants in it to establish decent PA.

This has long been an issue in the Forex. It will continue for quite a while yet. You will get spurts of PA both before and after these period, however, how long do you want to sit there and risk the market exposure?????
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I get exercise just pushing my luck
  • #2,266
  • Jun 17, 2009 1:34pm Jun 17, 2009 1:34pm
Hi Guys. I've made almost through the entire thread and Paulus has done it again. It looks like a great system.

But I have to ask: Has a version of TrendMagic with an audible alert been released?

Thanks,
Sandy
  • #2,267
  • Jun 17, 2009 1:35pm Jun 17, 2009 1:35pm
Made another 29 and 30 pips on the strong up moves of EUR/USD and GBP/USD. Could have had many more, but once again happy. Not so much that I made these pips, but that this system continues to work. Edgetrader, I've also gained valuable tips from you regarding the amount of pips to be normally expected on a 5 minute trade. While I could have gained much more on these trades (about 70 more on EACH as I post), the main goal to keep in sight is the wins, and to forget about what you might have had.
As I continue to make winning trades, my lot size is increasing until I'm at a point where I can do this in my sleep, at which time my lot size will be at 2% of my total account balance.
Have said it before, but I think it's worth repeating for others looking in, or just finding this thread. You will not find an easier or more profitable system on FF, or anywhere else. This is coming from someone who has tried many. If there's a naysayer or doubter looking in, point me to a thread anywhere that's easier or better. I doubt anyone can.
  • #2,268
  • Jun 17, 2009 1:37pm Jun 17, 2009 1:37pm
I've heard that the pickup after 11:00 AM is due to traders just getting back from lunch in New York. It certainly did that today.

[quote=cce;2810378]Edge,
Good points made about best times to trade currency markets. Thought I'd chime in and point out the pickup in volume experienced about 2PM EST. Have included an attachment to highlite this on the USDCHF and EURUSD.
Have enjoyed your insights on taking profits quickly when scalping.
Keep'em coming.
Cliff


Quoting Edgetrader
As you are finding out today, the time period to trade these plans are crucial!!!!!!!!!!

As mentioned long ago, the single best period...
  • #2,269
  • Jun 17, 2009 1:41pm Jun 17, 2009 1:41pm
paradoxical, are you using edges scalping method or some other.
  • #2,270
  • Jun 17, 2009 1:44pm Jun 17, 2009 1:44pm
Quoting paradoxical
Made another 29 and 30 pips on the strong up moves of EUR/USD and GBP/USD. Could have had many more, but once again happy. Not so much that I made these pips, but that this system continues to work. Edgetrader, I've also gained valuable tips from you regarding the amount of pips to be normally expected on a 5 minute trade. While I could have gained much more on these trades (about 70 more on EACH as I post), the main goal to keep in sight is the wins, and to forget about what you might have had.
As I continue to make winning trades, my lot size...
nobody will trust it.. they all says there is no holy grail...
Patience is the keyword here...
  • #2,271
  • Jun 17, 2009 1:55pm Jun 17, 2009 1:55pm
I have adopted the way Edge trades. You can't argue with success staring you in the face. Not trying to be a brownie, but just highlight his name & make note of what he says in his posts. Doesn't take a rocket scientist to see that he knows what he's talking about. Speaking of rocket scientists, we all know that this thread took off like a rocket when a certain rocket scientist came on board.
Quoting ukcool
paradoxical, are you using edges scalping method or some other.
  • #2,272
  • Jun 17, 2009 1:58pm Jun 17, 2009 1:58pm
Quoting WilteredFire
eegle: Can you post your indicators/method in a seperate part of the forum, Dont quite see what it has to do with this method?

its clouding up the thread mate. Thanks
Hey mate Im using the exact same system I'm merely demonstrating how to make more confident trades and many time much more accurate ones. If you will examine the charts I am showing some Support and Resistance levels that help in trading. These levels are used by professional traders. They work.
Some of the newbies and traders on this forum are wondering why when every indicator seems to match up they go in and immediately lose pips. It may be that they are trading into strong resistance levels that professional traders and traders all over the world use..

Take a good look at this chart and it shows an example of what I am talking about and trades that shape up on our system....This is the last one I'll post but I wanted to show you it is about the SYSTEM..my indicators are merely Support and Resistance Points
Eegle
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  • #2,273
  • Jun 17, 2009 2:00pm Jun 17, 2009 2:00pm
Thanks Edge. That alert was a pain for me.
  • #2,274
  • Jun 17, 2009 2:00pm Jun 17, 2009 2:00pm
Affandiz, again your posts don't make any sense. They add nothing to this thread. Why do you post?

Quoting affandiz
nobody will trust it.. they all says there is no holy grail...
  • #2,275
  • Jun 17, 2009 2:05pm Jun 17, 2009 2:05pm
Quoting Dm3554
Affandiz, again your posts don't make any sense. They add nothing to this thread. Why do you post?
trading should be boring..
Patience is the keyword here...
  • #2,276
  • Jun 17, 2009 3:05pm Jun 17, 2009 3:05pm
Quoting TudorGirl
Yup, that's it!! Chart attached. Everything is cool.

Anne
Hi Anne,

I am trying to get my settings right after going through all the posts till now.

Would appreciate your input here, are they correct?

Thanks,

Darryl
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  • #2,277
  • Edited 3:24pm Jun 17, 2009 3:06pm | Edited 3:24pm
TudorGirl, here is a comparative study of the three indicators: Vorticity, Scalping_TF by fxfariz and the original Ehlers FisherTransform with my improvement...

1.- It seems that the Vorticity Indicator is identical with the FisherTransform indicator with period 8...!?

2.- I changed a little the Ehlers formula and in the most of cases my indicator change the colour 1 bar earlier as the Vorticity, the original or the fxfariz version. This is good, because we can take a signal on colour changing AFTER the close of the previous bar!

Can you please comment the differences?
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 smFisherTransform.mq4   5 KB | 963 downloads
  • #2,278
  • Jun 17, 2009 3:21pm Jun 17, 2009 3:21pm
Quoting SwingMan

2.- I changed a little the Ehlers formula and in the most of cases my indicator change the colour 1 bar earlier as the Vorticity, the original or the fxfariz version. This is good, because we can take a signal on colour changing AFTER the close of the previous bar!

Can you please comment the differences?
This means that the smfisher does not repaint?
  • #2,279
  • Jun 17, 2009 3:25pm Jun 17, 2009 3:25pm
Quoting MCFly
This means that the smfisher does not repaint?
I don't know - I wrote the indi 30 min. ago...
  • #2,280
  • Edited 3:34pm Jun 17, 2009 3:26pm | Edited 3:34pm
Quoting SwingMan
TudorGirl, here is a comparative study of the three indicators: Vorticity, Scalping_TF by fxfariz and the original Ehlers FisherTransform with my improvement...

1.- It seems that the Vorticity Indicator is identical with the FisherTransform indicator with period 8...!?

2.- I changed a little the Ehlers formula and in the most of cases my indicator change the colour 1 bar earlier as the Vorticity, the original or the fxfariz version. This is good, because we can take a signal on colour changing AFTER the close of the previous bar!

Can you please...
Hi Swingman,

You are quite right. Please see this post for background...

http://www.forexfactory.com/showpost...4&postcount=43

The FX Fariz Technique Scalper is just a Fisherised Stochastic as per John Ehlers' work and is identical in all respects.

The Vorticity indy computes essentially the fluid equivalent of Price Volatility. Although not the same computation, the zero crossings will be very similar for the reasons outlined above.

By chance, the FT on setting 8 coincides with the HV.

As Edge has pointed out, a carefully adjusted MA will give almost identical results to TM, which uses CCI, a completely different indicator!!

So as you have rightly observed, there are only two families of indicators. By adjusting one, you can always get the same results as another!

Anne

[PS in Edit] Just looked at the mq4. The reason you are getting a slightly different result in your posted image for your code is that your FIR coefficients don't add up to 1. You have 0.25 and 0.5, whereas I think you meant to write 0.25 and 0.75 (or 0.5 and 0.5). Whatever smoothing you choose, they must sum to 1.
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