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EUR/GBP Trendmagic System

  • #2,301
  • Jun 17, 2009 7:02pm Jun 17, 2009 7:02pm
Quoting Digitalis
Hi Edge.

Looking at your chart, it seems generally you wait for a candle crossing the MA to close, then trade on the open of the next candle.

However, there are instances where you seem to wait one or two more candles before opening the trade, for example the 2nd trade you indicate on this chart - cross for long had happened earlier when histogram was already blue too. What's the reason behind that? Is it type of candle that crosses the MA, or maybe depth of the histogram at that point?

Thanks.
No reason other than was late into the trade. Am watching 4 pairs, trying to trade the MT4 effectively and trading my TS account at the same time. Also trying to throw a few chart shots and posts in there at the same time. Gets a bit overwhelming at times. Sorry.

Regards.
  • #2,302
  • Jun 17, 2009 7:03pm Jun 17, 2009 7:03pm
I am constantly doing mental gymnastics on current time - my local time (Brisbane Aust) is different to my broker's time (shown on my charts) and that is different to GMT, London and NY. Taking Edge's advice, I would like to show on my charts the best times to trade each pair by means of vertical lines or shading. I could add ATR and Volume indis but this just adds mess to the chart. (I am trying to reduce the clutter I have gathered - my charts resemble a generous serving of spaghetti bolognaise!). By the same token, I do not want to draw them manually.

Does anyone know of an indi that will draw vertical lines at user designated times?
  • #2,303
  • Jun 17, 2009 7:07pm Jun 17, 2009 7:07pm
Quoting noskool319
I have been looking up and down this thread trying to find Edge's rules/tpl he uses for his version of the system. Can someone point me to the post where he explains what TYPE of MA he uses, as well as the TP and SL? From what I read, TP is around 10, but what about SL?

Also does Edge use TrendMagic anymore as well?


Thanks if anyone could help, appreciate it.
Have a 14MA (linear weighted/weighted close) and the FT indi. which is set at 18. TP is almost always at +10 with a discretionary SL which usually is PA going the other direction as the trade and crossing the MA.

That is it.

Regards.
Attached File(s)
File Type: mq4 Forex Trend fxfariz.mq4   3 KB | 810 downloads
  • #2,304
  • Jun 17, 2009 7:13pm Jun 17, 2009 7:13pm
Quoting paradoxical
Can the alert be turned off? I turned the "alarm" from true to false, and I still get the alert every 5 minutes. If you can make a non re-painting indicator, that would be fantastic.
Indicator updated: smFisherTransform3

Sory @paradoxical, the bug with the alert comes from swissly, not from me...!

I studied a similar system with edgetrader.
My FT version has the advantage that the colour changes comes 2-3 bars earlier as in edgetrader's version (EdFT).
If so, which means that if you take a signal on the third bar after changing colours, you must have a better signal as EdFT!
The EdFT indicator can still change the color, but my indicator has already changed.
Attached File(s)
File Type: mq4 smFisherTransform3.mq4   5 KB | 1,616 downloads
  • #2,305
  • Jun 17, 2009 7:20pm Jun 17, 2009 7:20pm
Quoting SwingMan
Because I think that TudorGirl has right, and Ehlers don't has right(!), I changed the alpha values to 0.25/0.75.

For the loops I taked "limit" and not "Bars", but the repainting remains to 2-3 bars...

If I have time I can try to solve this problem, is not so difficult.
Swingman, great work!

I'm going to give it a try as well.

I think there may be another Ehlers indicator that could work better.
(from his Rocket Science for Traders)

I initially thought the Cybernetics Indicator was the one they're using for the Better Sine Indicator, but was informed it's this one. The Rocket Science Indicator may be more accurate for what you're trying to achieve.
  • #2,306
  • Jun 17, 2009 8:16pm Jun 17, 2009 8:16pm
I just took this trade and wanted to share it with you. I know some people don't like the Asian session but I have been trading it a long time now..

Anyway I usually only trade the EJ in the Asian..

I watch the 5m chart then I get my signal and go down to the 1m...

I will post charts of both and how it looked on the 5m and the 1m I got out a might early but it was hesitating at a support level so I was not greedy..I'm like the EdgeMan--take those pips away while they are on the table....I dont like to lose back pips because I can re-enter at pull-backs after banking 10-20pips...

*The first chart is the 5m * the second is the 1M

Hope this helps

Eegle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: send 3.png Size: 6 KB
Click to Enlarge Name: Send 2.png Size: 33 KB
  • #2,307
  • Edited 11:03pm Jun 17, 2009 8:35pm | Edited 11:03pm
Quoting SwingMan
Indicator updated: smFisherTransform3

Sory @paradoxical, the bug with the alert comes from swissly, not from me...!

I studied a similar system with edgetrader.
My FT version has the advantage that the colour changes comes 2-3 bars earlier as in edgetrader's version (EdFT).
If so, which means that if you take a signal on the third bar after changing colours, you must have a better signal as EdFT!
The EdFT indicator can still change the color, but my indicator has already changed.
SwingMan, thank you for improvement of John Ehlers' Fisher Transform formula!

here improved smFisherTransform3 and Solar Wind;

improved indicators changing color several bars earlier and react much faster than smFisherTransform3 and Solar Wind versions
: )
Attached Image (click to enlarge)
Click to Enlarge Name: sw sm impr.gif Size: 20 KB
Attached File(s)
File Type: mq4 smFisherTransform3_impr.mq4   5 KB | 1,567 downloads
File Type: mq4 SolarWind_improved.mq4   2 KB | 1,506 downloads
  • #2,308
  • Jun 17, 2009 8:54pm Jun 17, 2009 8:54pm
hi all...

I have been having a read here as any new idea is of Interest ...


But I am starting to get a bit confused as to what the actual system is now....and which indicators are used for it....

I think an update post might be needed at this point....just an opinion..
  • #2,309
  • Jun 17, 2009 8:55pm Jun 17, 2009 8:55pm
Quoting fxxx
SwingMan, thank you for improvement of John Ehlers' Fisher Transform formula!

here improved formulas of smFisherTransform3 and Solar Wind;

improved indicators changing color several bars earlier and react much faster than smFisherTransform3 and Solar Wind versions
: )
I'm just wondering if Paulus would even recognize these posts, remember his request not to add any additional indicators, hate to see this thread end up like most of the others on FF, try to adhere to Paulus's wishes.

Jim
  • #2,310
  • Jun 17, 2009 8:57pm Jun 17, 2009 8:57pm
Quoting bigjim1958
I'm just wondering if Paulus would even recognize these posts, remember his request not to add any additional indicators, hate to see this thread end up like most of the others on FF, try to adhere to Paulus's wishes.

Jim
Q. to me or to SM or TG?

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...!?
...
  • #2,311
  • Jun 17, 2009 9:00pm Jun 17, 2009 9:00pm
Quoting fxxx
Q. to me or to SM or TG?
It's to everyone who doesn't respect Paulus' request. It's his thread, and a great one it started out as, just wish if people wanted to get off subject, they would open a new thread. Not a negative post at all, but if you look at the posts by Paulus, he states what he would like, that's all.

Jim
  • #2,312
  • Jun 17, 2009 9:26pm Jun 17, 2009 9:26pm
Quoting Angler
hi all...

I have been having a read here as any new idea is of Interest ...


But I am starting to get a bit confused as to what the actual system is now....and which indicators are used for it....

I think an update post might be needed at this point....just an opinion..
I agree, this thread is starting to get really confusing. I appreciate all the extra input & indicators but I am not sure if there are now several different systems to trade or if it can somehow all be condensed back into one TM-based template.
******************* I'd rather make money than be right.
  • #2,313
  • Jun 17, 2009 9:58pm Jun 17, 2009 9:58pm
Quoting bigjim1958
It's to everyone who doesn't respect Paulus' request. It's his thread, and a great one it started out as, just wish if people wanted to get off subject, they would open a new thread. Not a negative post at all, but if you look at the posts by Paulus, he states what he would like, that's all.

Jim
Agree 200%, it is a shame that some people are messing a great work, great thread by confusing novices and making the thread too long to be read to grasp the beautiful logic behind Paulus's idea.
I wish they'd go away and open their own threads where they would promote their own way of trading, but leave Paulus with his followers alone.

Cheers,
Lietuve
  • #2,314
  • Edited 11:07pm Jun 17, 2009 10:09pm | Edited 11:07pm
Quoting bigjim1958
I'm just wondering if Paulus would even recognize these posts, remember his request not to add any additional indicators, hate to see this thread end up like most of the others on FF, try to adhere to Paulus's wishes.
Jim
since Q referring to my post, -

posted ind. - not introduction of new ind, but identical to and comparative study of H.VIRTOSITY - ind. heart of THIS system

some people don't interested in what based this system and it's signals - but most traders -are want to study,to know and better understand logic, principles of THIS system (exactly)

p.s. that's why SM ask this legitimate and relevant question and Tudor Girl answered, and i believe she knows Paulus's wishes
  • #2,315
  • Jun 17, 2009 11:40pm Jun 17, 2009 11:40pm
Quoting lietuve
...it is a shame that some people are messing a great work, great thread by confusing novices and making the thread too long to be read to grasp the beautiful logic behind Paulus's idea.
I wish they'd go away and open their own threads where they would promote their own way of trading, but leave Paulus with his followers alone.
I agree and I am ashamed for my contributions , but my first question was purely technical (about Vorticity and FisherTransform).

I would be better filled when @edgetrader open a new thread with his trading rules, because they are quite different than the original, and in this instance I can promise to write an EA...

  • #2,316
  • Jun 17, 2009 11:52pm Jun 17, 2009 11:52pm
Quoting SwingMan
I agree and I am ashamed for my contributions , but my first question was purely technical (about Vorticity and FisherTransform).

I would be better filled when @edgetrader open a new thread with his trading rules, because they are quite different than the original, and in this instance I can promise to write an EA...

you rock, dude
  • #2,317
  • Jun 18, 2009 12:42am Jun 18, 2009 12:42am
Quoting SwingMan
I agree and I am ashamed for my contributions , but my first question was purely technical (about Vorticity and FisherTransform).

I would be better filled when @edgetrader open a new thread with his trading rules, because they are quite different than the original, and in this instance I can promise to write an EA...

Looking forward to testing your EA Swingman
  • #2,318
  • Jun 18, 2009 1:38am Jun 18, 2009 1:38am
Quoting bigjim1958
It's to everyone who doesn't respect Paulus' request. It's his thread, and a great one it started out as, just wish if people wanted to get off subject, they would open a new thread. Not a negative post at all, but if you look at the posts by Paulus, he states what he would like, that's all.

Jim
Hey Jim

Great to see you in town, I also think that a new thread(s) to let people test other indys would be good, I guess people are just trying to help... happens all the time!

Whoever asked... Paulus has the "system" on post 1, just look there if you need to be refreshed on how simple this really is to trade.
  • #2,319
  • Jun 18, 2009 1:39am Jun 18, 2009 1:39am
I know the 5min on the original system only gives 1 2 or 3 signals a day but the 1st signal after Asian close yest gave 120 pips

Cheers

paulus
  • #2,320
  • Jun 18, 2009 1:42am Jun 18, 2009 1:42am
Quoting lietuve
Agree 200%, it is a shame that some people are messing a great work, great thread by confusing novices and making the thread too long to be read to grasp the beautiful logic behind Paulus's idea.
I wish they'd go away and open their own threads where they would promote their own way of trading, but leave Paulus with his followers alone.

Cheers,
Lietuve
We know it will come to this and some of us said it earlier in the thread, the indicator people will always come in and tinker with the original idea till we have many trading systems in the same thread

Now they are here and the whole thing is beginning to look like the face of an African masquerade I know

Dear Lietuve, don't let anyone confuse you with all these, some of us have picked the original thing and its working. Run with the main thing and come here once in a while to see the mess in progress

The thing is as soon as they bring the thread to its knees with their load of confusing indies, off they go to look for another working one to kill.

I think some of them are sponsored to do so

kos
John 3:16 - From THIS love no power on earth can me sever.
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