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EUR/GBP Trendmagic System

  • #2,361
  • Jun 18, 2009 8:34am Jun 18, 2009 8:34am
OK, I am doing something wrong because I keep getting stopped out. Is it important to enter only when the FIRST bar of HG_0001 matches the change of the TM to corresponding color?
I've been entering in some cases 2-4 bars later .. and the pullbacks are so deep I have to get out to not lose more than 20 pips .. at which point it promptly reverses of course
Any ideas?
Voracity is used as an early signal to get out of a trade, right?
And TG shows strength of move .. although it seems to show this in retrospect not in real time.
Also is it important to know the bias of the pair on the daily? i.e. if pair is heading down on daily, only go short on 5 min, not long? Or does this matter?
******************* I'd rather make money than be right.
  • #2,362
  • Jun 18, 2009 8:36am Jun 18, 2009 8:36am
Quoting notch
Paulus, you're a very experienced systems developer so I know you will understand the following question and not take it as a distraction from negative/frustrated trader.

Worse case scenario...at what point would you stop trading this system? I have tried to back test it but not with much success probably due to me getting something wrong so I have been unable to arrive at the usual sats to determine when to abandon this system should it stop working. At what point would you abandon it?
i've been testing this for 2 weeks. all kind of tf, all kind of market hour,it a god system and can be profitable.. i will throw all my system that i used before and use this one... at least it work for me and my trading style..
no more post from me but will read this thread untill it dead..

one more time thanks alot to Paulus,TG,Edge and others...
Patience is the keyword here...
  • #2,363
  • Jun 18, 2009 8:41am Jun 18, 2009 8:41am
Quoting gerry berard
Hi Paulus. I'm with you. the object is to make money not make a lot of 10 pip trades. Thanks again for this fine post.

Classic newbie statement. What is your strategy?????
  • #2,364
  • Edited 8:48am Jun 18, 2009 8:43am | Edited 8:48am
Quoting affandiz
i've been testing this for 2 weeks. all kind of tf, all kind of market hour,it a god system and can be profitable.. i will throw all my system that i used before and use this one... at least it work for me and my trading style..
no more post from me but will read this thread untill it dead..

one more time thanks alot to Paulus,TG,Edge and others...

I've also manually back tested it for the last 4 weeks (and the results were great but I usually backtest my systems for between 1 and 5 years depending on TF) or so but has anyone backtested it for months...rather than weeks?

EDIT: I tell a lie...I did back-test it but as a swing trade (interday) strategy and it worked well over several years but I haven't managed to successfully backtest a short-term strategy beyond 4 weeks.
  • #2,365
  • Jun 18, 2009 8:49am Jun 18, 2009 8:49am
Quoting notch
I make money month in month out. I've been doing that for 3 years so I'm certainly not frustrated. If my manner offends I apologise for that but this is the way I communicate...period.
Yeah, Notch is more blunt than others, just his manner. Believe me I know! Asks good questions though and just seeking clarification most of the time. Lets avoid as much confrontation as possible.
  • #2,366
  • Jun 18, 2009 8:50am Jun 18, 2009 8:50am
Quoting notch
I've also manually back tested it for the last 4 weeks (and the results were great but I usually backtest my systems for between 1 and 5 years depending on TF) or so but has anyone backtested it for months...rather than weeks?
I've backtested a version of it from 2nd Jan - 12th June 2009 on GBPUSD based on a combination of Vorticity and FT (allowing for both to repaint 2 bars prior to the current bar).

The results are exceptional, way in excess of any other system I've tested

I will post the results in full when I have backtested my other favourite pairs (EURAUD, EURUSD, GBPCHF and GBPJPY), this will take some time to achieve though

Andy
  • #2,367
  • Jun 18, 2009 8:53am Jun 18, 2009 8:53am
Quoting Andy B
I've backtested a version of it from 2nd Jan - 12th June 2009 on GBPUSD based on a combination of Vorticity and FT (allowing for both to repaint 2 bars prior to the current bar).

The results are exceptional, way in excess of any other system I've tested

I will post the results in full when I have backtested my other favourite pairs (EURAUD, EURUSD, GBPCHF and GBPJPY), this will take some time to achieve though

Andy

Well this is good news. Can you at least tell us what TF you were backtesting?
  • #2,368
  • Jun 18, 2009 8:53am Jun 18, 2009 8:53am
Quoting hutchy
you may want to look at post # 2347

i had a similair problem and with the help of tristjan, all my problems were sorted out

good luck & get those pips
I think hes talking about something else here, he already has the TG HV indicator in his chart...

Quoting aserbfx
paulus, i compared your chart with mine (esp the mtf indi).
i got 3 red lights 30 min later during the large downmove.
my brokers is also gmt +1.
do you know why my chart is different?
thanks
I think this is a problem, if im not wrong, My understanding is somehow Paulus's chart seems to have repainted/adjusted If i could say so...

Paulus would you mind clarifying why your red bars seemed line up quite early compared with other charts where it has lined up 30minutes or so after the down move?

Its for this reason why im not comfortable using the MTF version of the HG because of when you load your charts in the morning it may repaint/adjust and bars may not be as accurate. Wish there was a way around this like i suggested, to program it bit with options like the ForexFreedomBars to get everything read from one timeframe, but with different period settings to emulate mtf if you get me?

Thanks
  • #2,369
  • Jun 18, 2009 8:57am Jun 18, 2009 8:57am
Quoting hutchy
you may want to look at post # 2347

i had a similair problem and with the help of tristjan, all my problems were sorted out

good luck & get those pips
thank you. i loaded the new tpl, but the chart looks like before.
the M30 turns red about 6 bars later (yes, 30 min on the 5min chart).

so i don't know why on paulus' chart 3 red lights appear at the same time.

post 2365 and 2366 were asking the same
.
meine augen sind die sterne
  • #2,370
  • Jun 18, 2009 9:03am Jun 18, 2009 9:03am
Quoting hutchy
Hi Lietuve,

I am one of those novices who has been following this thread and have .........

So this is my last attempt to request for help and then I am packing it in.

Cheers,

Darryl
Hi,
Check Post 414, and copy those indicators into the Indicators folder, the .tpl file into the Templates folder, and read the documentataion associated with post 414 for set-up and usage.
Cheers
Andy
  • #2,371
  • Edited 10:02am Jun 18, 2009 9:07am | Edited 10:02am
And here it is solar wind...FIXED
Attached File(s)
File Type: mq4 SolarWind_improved.mq4   2 KB | 839 downloads
  • #2,372
  • Jun 18, 2009 9:18am Jun 18, 2009 9:18am
There are two methods to trade this with.

1. Trade as a swing trader with default settings on TM and TGSF. Works well in a trending environment obviously. Ascertaining that trending environment is a bit of a challenge as always though. Paul obviously like to work the 'beast' (GbJy) as he has demonstrated.

2. Trade more of a scalping method going after +10 with but a couple pairs. Obviously, this is my own personal favorite. Slightly modified TM (10/20) or addition a 14 WMA with the addition of a FT set at 18 has shown promise. Either way is viable, it simply depends on which philosophy you subscribe to. No two traders are exactly alike. My own research has found Eu/US and GBUS pairs to be well suite to this strategy.

In addition, I feel it important to only trade the Asian/London and London/US overlapping time period due to its increased volatility. Again, it is an individual choice as to when to trade either method. A couple of hours or so or an entire session, its up to the individuals.

As for back-testing, you again have to identify when you are able and willing to trade and isolate and concentrate back-testing efforts to those times. Have done the testing for both plans on the time periods stated.

Plan 1 (swing) has a 52.4% win/loss and a 4.73 PE trading signal to signal on the EuUS. About the same for the GbUS.

Plan 2 has a 81.3% win/loss and a PE of only .87 as it is based on +10/-20 setups and constant PA monitoring. Is much more in line with probability theory trading than that of Plan 1. Again, it is an individual choice as to how you wish to trade.

These results were formulated over a 6 month period and a minimum of 1000 trades for plan 1 and 4000 trades for plan 2. Not great but sufficient to get a general idea of expectations.

As for today, a couple early trades early and targets hit. Done trading!

With regards to all those indi's being presented, it seems Anne said it right when she mentioned you can tweak the hell out of them until they become 180 degrees out of sync with PA.

I will stick to the primer and trigger philosophy until forced to improvise and adapt when market PA forces trading plan reconsideration. Highly doubtful that going after +10 on a 5M will be drastically altered any time soon.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: 5m.jpg Size: 148 KB
  • #2,373
  • Jun 18, 2009 9:42am Jun 18, 2009 9:42am
Guys

sorry for not posting too much, i usually dont post much during weekdays as during trading, need to concentrate .

Just for laughs started this system to test it under 1min and 5 min TF and what a week ( hardly 4 days ) and its more then 100% return without breaking a sweat ( well..well..sometimes )

The drawdown u see on the chart is the 700 USD i withdraw after 3 days ( dont trust the brokers much ) . My other main broker is safe .

hopefully i should be able to do atleast 125% before this week ends tomm.

nisha
Attached Image (click to enlarge)
Click to Enlarge Name: chart (Large).jpg Size: 68 KB
Trend is your friend...
  • #2,374
  • Jun 18, 2009 9:48am Jun 18, 2009 9:48am
here is a glimpse of trading 'active' period, or 'overlapping' times.

Paul has been diligently working the 'beast' and it does indeed run at times. This is obviously a Plan 1 scenario which would require a good size account based on the pair alone. They do not call it the 'beast' for nothing. Falls somewhere into the hell bent and all or nothing category.

LARGE CAHONAS REQUIRED.

Little cousin equally effective, less MM issues but good results during active periods on Plan 1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gb.jpg Size: 122 KB
Click to Enlarge Name: sunday.jpg Size: 110 KB
  • #2,375
  • Jun 18, 2009 9:50am Jun 18, 2009 9:50am
OK. I have a question - very noobie so forgive me. On GJ, PA has been sitting on DP for 7 bars now. All TG and Vorcicity are showing blue. So do I
1) Go in Long
2) Wait some more
3) See if it is going long or short from here.
4) Or what???
Thanks for whatever help yu can give. Same with GU.

PS: Nevefr seen it like this for so long.
  • #2,376
  • Jun 18, 2009 9:55am Jun 18, 2009 9:55am
Quoting Edgetrader
2. Trade more of a scalping method going after +10 with but a couple pairs. Obviously, this is my own personal favorite. Slightly modified TM (10/20) or addition a 14 WMA with the addition of a FT set at 18 has shown promise.
My TM has 2 inputs .. set at 50 for CCI and 5 for ATR.
Where do I set the 10/20?

My posts on this thread are never acknowledged so I am wondering if I am somehow invisible herre. On other threads, my posts are responded to normally. If anyone sees this .. let me know!
******************* I'd rather make money than be right.
  • #2,377
  • Jun 18, 2009 9:55am Jun 18, 2009 9:55am
@leledc

Is it wise to post a useless indicator? Better to remove it from the thread?

Quoting leledc
I have fixed fishertransform improved:now it doesn't repaint but the indi is useless now...Below the two indi on the visual tester:up indi fixed and down previous indi
  • #2,378
  • Jun 18, 2009 9:56am Jun 18, 2009 9:56am
Sorry this is a noob question and it looks like people are trading this system differently. But Paulus in post 1 says:

Entry

Chart pane + BB MACD match in colour
Enter

Exit - trend magic goes red ..exit with loss or profit
magic goes red ..exit with loss or profit

I know we have the new TG indicator that includes BB MACD. But what exactly does the matching "chart pane" color mean? Is it the TM color?

Thanks.
Sandy
  • #2,379
  • Jun 18, 2009 9:59am Jun 18, 2009 9:59am
I'm going to try re-posting this:

OK, I am doing something wrong because I keep getting stopped out. Is it important to enter only when the FIRST bar of HG_0001 matches the change of the TM to corresponding color?
I've been entering in some cases 2-4 bars later .. and the pullbacks are so deep I have to get out to not lose more than 20 pips .. at which point it promptly reverses of course
Any ideas?

Voracity is used as an early signal to get out of a trade, right?

And TG shows strength of move .. although it seems to show this in retrospect not in real time.

Also is it important to know the bias of the pair on the daily? i.e. if pair is heading down on daily, only go short on 5 min, not long? Or does this matter?

If no one sees this message, I will try posting on one of the sister threads.

http://www.forexfactory.com/images/misc/progress.gif

******************* I'd rather make money than be right.
  • #2,380
  • Jun 18, 2009 9:59am Jun 18, 2009 9:59am
@leledc

Is this a useful or a useless indicator .... there's no description of how it differs from earlier postings of the indicator, nor a screenshot to compare.

Can you clarify, please? (If, like the other indicator you just posted, it's useless, better to remove it from the thread?) Thanks.


Quoting leledc
And here it is solar wind...
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