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EUR/GBP Trendmagic System

  • #2,401
  • Jun 18, 2009 8:39am Jun 18, 2009 8:39am
Quoting DanFX
As far as I understand he means +10TP and -20 SL
Ah, thanks ... glad people can see me in here, I was beginning to wonder...
******************* I'd rather make money than be right.
  • #2,402
  • Jun 18, 2009 8:40am Jun 18, 2009 8:40am
yeah, default, works well

Quoting tex
which settings are u using for the qqe ? default ?
Trend is your friend...
  • #2,403
  • Jun 18, 2009 8:42am Jun 18, 2009 8:42am
Quoting nisha4x
wish it was so simple, but it is not, we are only fooling ourselves if we follow any indicator blindly, need to have ur fundamentals strong, indicators are only a trigger , rest is all there in the Price action and Pivots are the places where PA dances before confirming where it is going, rarely does it do the opposite
I beg to differ, I am a firm believer in testing a system (both backwards and forwards) based on blindly following indicators.

The person who is backtesting for me has zero trading knowledge, and this is what I want. I don't want to make a subjective judgement, I want an objective indicator which will return positive pips over a decent period of time.

There are plenty of losing trades, albeit very small ones, and I'm sure there will be losing days, especially if unexpected news takes the market by surprise, but I expect this sytem to be extremely profitable when measured on a weekly or monthly basis.

Andy
  • #2,404
  • Jun 18, 2009 8:46am Jun 18, 2009 8:46am
Quoting nisha4x
attached is a chart where qqe did not cross 50 and bounced upwards, which was confirmed by price action and HG001 indi, see how it tested Daily pivot and went straight to weekly pivot , almost to the pip
Excellent .. I like incorporating the QQE as it also gives an indication as to the strength of the HG signal.

Attached is a 1 min chart stripped of everything except the 50 and 200 ma's ... this happens with every pair, again and again they return to test one of these averages during a trend. A Nigerian trader told me he only used this to scalp 10 pips all day long.

But when you add in the HG, FT, QQE & pivots .. it becomes even more powerful IMO.
Attached Image (click to enlarge)
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******************* I'd rather make money than be right.
  • #2,405
  • Jun 18, 2009 8:46am Jun 18, 2009 8:46am
Quoting 4xStar
So it is not just a red light -- green light thing .. you have to watch direction, pivots, re-tests of TL etc ... I had a feeling there was more to it. Just a matter of getting used to it and getting the settings right.

I still don't know what the 10/20 setting is that Edge referred to.
It means 10 pips TP and 20 pips SL... a 1:2 RR ratio, but with a win % > 80% according to Edge's post on the 2 variants of the system... (a couple pages ago)

So, 1:2 RR and > 80% win ratio seems good enough for me... remember he tested on E/U and G/U, if I recall it correct....

Cheers!
Many share my views with me. But I don't share them with them...
  • #2,406
  • Jun 18, 2009 8:47am Jun 18, 2009 8:47am
Quoting nubchai
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

O.k. I guess no one know what the "chart pane" portion of this means.

Mucho gracias.
  • #2,407
  • Jun 18, 2009 8:47am Jun 18, 2009 8:47am
i can understand what you mean.

Problem here is that humans have emotions and no matter if a system works 90% well in forward and backward test, still u give this to 100 people and 90 of them will still fail .

I agree with you that this system has got merit and will be profitable


Quoting Andy B
I beg to differ, I am a firm believer in testing a system (both backwards and forwards) based on blindly following indicators.

The person who is backtesting for me has zero trading knowledge, and this is what I want. I don't want to make a subjective judgement, I want an objective indicator which will return positive pips over a decent period of time.

There are plenty of losing trades, albeit very small ones, and I'm sure there will be losing days, especially if unexpected news takes the market by surprise, but I expect this sytem to be...
Trend is your friend...
  • #2,408
  • Jun 18, 2009 8:50am Jun 18, 2009 8:50am
Quoting 4xStar
Here is GU chart, I entered long on second HG blue bar, it went up a few pips then pulled back 30 pips, I stopped out at -20. Then it resumed .. this seems to happen most of the time.
Ya know, I think I will leave that to those more capable of targeting entries into existing moves. I simply cannot give you any information that may be of help. As I mentioned, I trade signal to signal as a rule.

Obviously, a signal trade was generated somewhat earlier based solely on the TM or MA and FT becoming alaigned. I can only look further at PA and note your question. The vorticity has most likely repaintd so I cannot go on that. Give me some time to study re-entry a bit further.
  • #2,409
  • Jun 18, 2009 8:51am Jun 18, 2009 8:51am
As we notice divergences in MACD and other indis. we can notice the same on QQE, example is below
Attached Image (click to enlarge)
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Trend is your friend...
  • #2,410
  • Jun 18, 2009 8:52am Jun 18, 2009 8:52am
Quoting nubchai
O.k. I guess no one know what the "chart pane" portion of this means.

Mucho gracias.
Chart pane is the TF in the TGMTF indi. 5m chart to a 5m square (pane).
  • #2,411
  • Jun 18, 2009 8:52am Jun 18, 2009 8:52am
Quoting 4xStar
Here is GU chart, I entered long on second HG blue bar, it went up a few pips then pulled back 30 pips, I stopped out at -20. Then it resumed .. this seems to happen most of the time.
I think you've got your stoploss way too tight.

I keep mine on the previous TM horizontal, as I've shown on your chart below. Then as TM climbs and flattens, pull it up to the next step. Hmmm - Stepped stop loss, sounds good I'll use that in future.
Attached Image (click to enlarge)
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Full-time trader and loving it!
  • #2,412
  • Edited 8:56am Jun 18, 2009 8:54am | Edited 8:56am
Quoting 4xStar
Here is GU chart, I entered long on second HG blue bar, it went up a few pips then pulled back 30 pips, I stopped out at -20. Then it resumed .. this seems to happen most of the time.
well, if I'm following this quick moving thread correctly, you may be using 2 conflicting triggers to the trade

My entry would be:

1. Vorticity is blue, the bias is long : WAIT

2. bar penetrates the 14WMA, bias long: WAIT

3. At same time, FT is blue, confirming bias long: ENTER (notice the HG is not used this way)

This would have put you in 7-8 bars before you entered....

This is my understanding.... hope that helps!

Cheers!
Many share my views with me. But I don't share them with them...
  • #2,413
  • Jun 18, 2009 8:59am Jun 18, 2009 8:59am
Quoting Edgetrader
Chart pane is the TF in the TGMTF indi. 5m chart to a 5m square (pane).

Thank you Edge!
  • #2,414
  • Jun 18, 2009 9:00am Jun 18, 2009 9:00am
Hi

Aser
Don’t know why that is we can never have the same charts because of time and server differences

But if you look at the chart your entry is earlier as marked don’t forget 5min tiggers with either 15 or 30 ....doesn’t need both

So you get some nice pips..

Notch


When to stop using a system..hmm difficult for me alarm bells rings if I get 3 losing days on the trot ,I then look closely at what is happening.

4xstar

looked at your chart can u post again for me and put an arrow on your entry bar please


Edge..

Agree with a lot you say the system is there with the inds we each have to trade to suit our own style..

We are each different life would be boring if we weren’t..

Wilteredfire


Yes it’s a bit worrying isn’t it..

Just before I posted this I went to 4hour to 1hour 30min 15 min then 5 min..my chart stayed the same so havnt a clue why it is sorry ..I can assure everyone Im not doing anything different to you guys

AndyMs-pip

I will try to help pm me…

Aurorau

We know but its very very usuable
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  • #2,415
  • Jun 18, 2009 9:03am Jun 18, 2009 9:03am
anyone can set trend magic when change color then got alert sound???
  • #2,416
  • Jun 18, 2009 9:10am Jun 18, 2009 9:10am
Quoting leledc
And here it is solar wind...FIXED
Well.... it depends what you mean by "fixed". Several people claim to have fixed FT, Solar etc by just reversing the order of the iteration from 0 -> limit to limit->0.

OK, this stops repainting, but the indy is useless!!

Please don't confuse the majority of readers who are not coders. They will waste a LOT of time trying this rubbish, getting nowhere and then posting legitimate questions about why it doesn't work.

If you don't understand exactly what you are doing, please please don't clog the thread with these broken indys.

Thanks for you cooperation

Anne
  • #2,417
  • Jun 18, 2009 9:13am Jun 18, 2009 9:13am
Quoting TudorGirl
Well.... it depends what you mean by "fixed". Several people claim to have fixed FT, Solar etc by just reversing the order of the iteration from...
I know what i am doing...an indi that repaint is rubbish for me not an indi fixed.The indi is more useless in the repaint mode for me.After fixing it you'll see exactly what indi does in real time.Ok i will not waste my time here trying to help others.Bye
  • #2,418
  • Jun 18, 2009 9:14am Jun 18, 2009 9:14am
Im still demo testing this 1 and 5min on the new settings but please be aware

the strike rate is 50/50 so a few smaller losers on the trot is going to be encountered every day

today on the 5min for example and trading through the Asian session the system gave the following

7 signals currently on 87 pips

4 losers
3 winners

Strike rate - 42%

Average winner - 48
Average loser 14

so RR very very good

Currently long from 156.14 at 13.30 pm UK time up 153 pips as I post this

cheers Paulus
  • #2,419
  • Jun 18, 2009 9:15am Jun 18, 2009 9:15am
one more person on my ignore list, look at his tone

Quoting leledc
I know what i am doing...an indi that repaint is rubbish for me not an indi fixed.The indi is more useless in the repaint mode for me.After fixing it you'll see exactly what indi does in real time.Ok i will not waste my time here.Bye
Trend is your friend...
  • #2,420
  • Jun 18, 2009 9:18am Jun 18, 2009 9:18am
Quoting Paulus
Hi



4xstar

looked at your chart can u post again for me and put an arrow on your entry bar please

Here it is ... with a 20 pip stop loss I was stopped out .. somone suggested using last TM level as stop, that would have been nearly 50 pip loss (would not have triggered) but a lot of risk if playing for +10,

I've been doing this all morning .. the setup looks like it is there, then reverses on me past the 20 pip loss point ... help
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 23 KB
******************* I'd rather make money than be right.
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