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EUR/GBP Trendmagic System

  • #2,601
  • Jun 20, 2009 12:50pm Jun 20, 2009 12:50pm
Thank you Paulus!

Can you possibly post this indicator? I have an idea for its use. Thanks again!

Bill
SirWolf

Quoting Paulus
As it sat Im going to break my golden rule and post another indicator I use and had written for another system.

This is just an example to show you dont need several indicators on our charts to make some pips

You really can keep it simple

Rule 1 We need a trend in place ........ FX trend does that for us with HV

Rule 2 We now want to enter on a retracement

Enter the humble stochastic but not used in the usual way..This is a 5min chart

Each up arrow shows when ever the up trend is in place and the stoch goes below 30.. if we are confident...
Believe and Achieve!
  • #2,602
  • Jun 20, 2009 12:51pm Jun 20, 2009 12:51pm
Quoting Edgetrader
We have all spent quite a bit of time seeking the ultimate indi and debated whether to scalp or swing trade. We have back-tested, forward tested, hypothesized, tossed coins and prayed to the god's, real or imagined. We have begged for EA's, alerts and everything else possible.

In the end, it is the PA that controls our trading efforts. We simply try to move stealthily within the market and extract a few morsels to nibble on. Fortunately, we ALREADY HAVE everything we need to be productive. We simply are still struggling to get a clean pair of...

I wanted to write a Expert Advisor, but in the last week I have seen here in the forum at least 20 variants of systems.
When someone describes in a short form a variant which remains unchanged at last for a week, I can try to write an Expert Advisor...
(Necessary are indicators, entry rules, exit rules)

  • #2,603
  • Jun 20, 2009 12:57pm Jun 20, 2009 12:57pm
Quoting Edgetrader
As I have mentioned I trade only from 4-9 a.m. PST which is my choice.
for me this would be 6am to 11am central .. a great time, then rest of day free :-)


Quote
In the end, it is the PA that controls our trading efforts. We simply try to move stealthily within the market and extract a few morsels to nibble on. Fortunately, we ALREADY HAVE everything we need to be productive. We simply are still struggling to get a clean pair of glasses to see it with.

...and for me, struggling to acquire the discipline to stay FOCUSED on what clearly works and stop bobbing all about trying to re-invent everything

On Friday I started perfectly with two excellent by-the-book trades .. then got distractred chasing the GY and doing my own thing .. and ended up giving back what I had gained & more .. and missed at least 3 more trades that would have given me my +50 for the say.

[sigh] .. the last & greatest obstacle to overcome: ME

Quote
Finished tweaking this over the past few days and this is going live Monday. If it does as anticipated, and there is no reason to think otherwise, then I will inform you of exactly what the possibilities are. I will say this, IT IS ALL GOOD!.

This does not need to consume our lives hour by hour. It simply need to afford us the opportunity to better our lives. Getting pretty close to that from my own research findings.

I'm going to pin a new note to my monitor: "How badly do you want it?!"
and see if that can keep me focused.
Thanks to Edge, TG, Paulus & all .. your generosity in sharing is overwhelming.
******************* I'd rather make money than be right.
  • #2,604
  • Jun 20, 2009 1:00pm Jun 20, 2009 1:00pm
Quoting SwingMan

I wanted to write a Expert Advisor, but in the last week I have seen here in the forum at least 20 variants of systems.

When someone describes in a short form a variant which remains unchanged at last for a week, I can try to write an Expert Advisor...
(Necessary are indicators, entry rules, exit rules)

Easy, here you go. This is for the swing traders.

Entry - PA crosses 14 WMA and Trix (set at 3.1.false,1500) crosses 'zero level.

Exit - PA reverses and crossess MA and TRIX crosses 'zero' level.

TP is discretionary. Anywhere from 10 pips to 100 pips. Basically, the EA will trigger entry based on preset criteria. Entry in opposite direction is utilized as SL on a signal to signal swing trade basis.

Thx.
  • #2,605
  • Jun 20, 2009 1:02pm Jun 20, 2009 1:02pm
Quoting SwingMan

I wanted to write a Expert Advisor, but in the last week I have seen here in the forum at least 20 variants of systems.

When someone describes in a short form a variant which remains unchanged at last for a week, I can try to write an Expert Advisor...
(Necessary are indicators, entry rules, exit rules)

Similar to basic MOMENTUM EA operating and shown in post #2596. People just need one that works worth a damn on a MT4 platform.
  • #2,606
  • Jun 20, 2009 1:22pm Jun 20, 2009 1:22pm
Paulus,

Beautiful sentiment! I missed the toasting time by 10 minutes. I'm having a freshly brewed cup of coffee with a little Irish Creme... it's still morning). Here's to you and all the wonderful people on this thread!

Mary
  • #2,607
  • Jun 20, 2009 1:28pm Jun 20, 2009 1:28pm
Quoting 4xStar
for me this would be 6am to 11am central .. a great time, then rest of day free :-)




...and for me, struggling to acquire the discipline to stay FOCUSED on what clearly works and stop bobbing all about trying to re-invent everything

On Friday I started perfectly with two excellent by-the-book trades .. then got distracted chasing the GY and doing my own thing .. and ended up giving back what I had gained & more .. and missed at least 3 more trades that would have given me my +50 for the say.

[sigh] .. the last & greatest obstacle...
Hideous monster!!!!

Dynamically honed ability to trap and skin even the best traders, is adept at luring unsuspecting traders into 'trend' trading by providing 100 pips or more runs as easily as a EURUSD provided 10 pip runs.

Eats trading capital as a child eats candy, has absolutely no conscience. Feels neither sorrow or remorse, steadfastly refuses to send flowers to traders funerals, laughs at misery inflicted and hunger is at times insatiable.

Rivals NOTHING within the Forex trading arena!!! Is respectfully referred to as the 'BEAST' and is to be approached with MINIMUM account action.

Movement is of such rapidness and velocity as to leave a trader breathless.

Can give a +50 and take it to a -50 in seconds. ARRRRGGGHHH!!!

Pledge of admiration and respect;

"I will strive to avoid confronting the beast,

and shield my harvest from his feast.

Should i falter and wander into his domain,

I pray the god's diminish my pain.

For a trader am I and on this day,

I strive to gain wealth and avoid being PREY"
  • #2,608
  • Jun 20, 2009 1:37pm Jun 20, 2009 1:37pm
Quoting Edgetrader
Hideous monster!!!!

Dynamically honed ability to trap and skin even the best traders, is adept at luring unsuspecting traders into 'trend' trading by providing 100 pips or more runs as easily as a EURUSD provided 10 pip runs.

Eats trading capital as a child eats candy, has absolutely no conscience. Feels neither sorrow or remorse, steadfastly refuses to send flowers to traders funerals, laughs at misery inflicted and hunger is at times insatiable.

Rivals NOTHING within the Forex trading arena!!! Is respectfully referred to as the...

  • #2,609
  • Jun 20, 2009 1:38pm Jun 20, 2009 1:38pm
I also tried the "beast" and got ate up. I won't fight with him anymore, and have eliminated him from my charts so I don't even have to look at him. I'll leave him be to those that can tame him, and take on easier prey such as the EU and GU.
Also tried getting more than 10 pips and wound up worse off.
This was experimental type stuff on live trading as I can't get a good sense what would work for me when I move up to larger money unless I trade for real. Even with small money it gives me a better feel for the method of trading as I have a stake in it.
Not so surprisingly, I've found that the best method, at least for me, is to go after 10 pips, which is as per the numerous posts of Edgetrader.
  • #2,610
  • Jun 20, 2009 1:54pm Jun 20, 2009 1:54pm
Quoting 4xStar
[....]

[sigh] .. the last & greatest obstacle to overcome: ME

[....]

Thanks to Edge, TG, Paulus & all .. your generosity in sharing is overwhelming.
Hi 4xStar

Self-discipline -- the final frontier...

I too am struggling with this. All the "insight" and "intellect" in the world will be undone without the discipline Edge is trying to teach us.

But do not fear. You are not in this alone. You have a whole team here and we support each other.

The project outlined on this thread is like the Royal Marines Assault Course at Lympstone....

"We started together and we will finish together. No-one will be left behind".

Anne
  • #2,611
  • Jun 20, 2009 2:40pm Jun 20, 2009 2:40pm
Quoting Edgetrader
Hideous monster!!!!


"I will strive to avoid confronting the beast,

and shield my harvest from his feast.

Should i falter and wander into his domain,

I pray the god's diminish my pain.

For a trader am I and on this day,

I strive to gain wealth and avoid being PREY"
Zounds! Odds fish!
What manner of traders these,
that joke and smile while dollars flow
in painful negativees,
to fill the belly of the beast.
  • #2,612
  • Jun 20, 2009 2:44pm Jun 20, 2009 2:44pm
intresting
  • #2,613
  • Jun 20, 2009 4:56pm Jun 20, 2009 4:56pm
Quoting Paulus

close each for 10 pips and you get around 90% strike rate and 60-70 pips in the bank

paulus
I have been using the original system with great success but this looks even better. I love the visual confirmation on this.
Using a set target of 10 pips looks to be very conservative and profitable.
A bit more risky would be to hold until the HV changes color but many more pips.
One of the great things about this system is the ability to use a small SL relatively speaking, depending on which pair you are trading.
Cant wait to trade this week!
Thanks again to all contributors
Q
The Only Constant Is Change!
  • #2,614
  • Jun 20, 2009 5:44pm Jun 20, 2009 5:44pm
For those of you who want to dare the "beast" you should not face him on the same level (30 min to 1 min charts). You must come up to the mountains (4 hr-weekly and 1 hr for trigger) and give him a lot of gap ( stop losses) using major support and resistances. Indeed he is not for the faint hearted.
Quoting paradoxical
I also tried the "beast" and got ate up. I won't fight with him anymore, and have eliminated him from my charts so I don't even have to look at him. I'll leave him be to those that can tame him, and take on easier prey such as the EU and GU.
Also tried getting more than 10 pips and wound up worse off.
This was experimental type stuff on live trading as I can't get a good sense what would work for me when I move up to larger money unless I trade for real. Even with small money it gives me a better feel for the method of trading as I have a stake...
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #2,615
  • Jun 20, 2009 5:53pm Jun 20, 2009 5:53pm
Magnificent!

Quoting Edgetrader
Hideous monster!!!!

Dynamically honed ability to trap and skin even the best traders, is adept at luring unsuspecting traders into 'trend' trading by providing 100 pips or more runs as easily as a EURUSD provided 10 pip runs.

Eats trading capital as a child eats candy, has absolutely no conscience. Feels neither sorrow or remorse, steadfastly refuses to send flowers to traders funerals, laughs at misery inflicted and hunger is at times insatiable.

Rivals NOTHING within the Forex trading arena!!! Is respectfully referred to as the...
******************* I'd rather make money than be right.
  • #2,616
  • Jun 20, 2009 5:56pm Jun 20, 2009 5:56pm
Quoting Edgetrader
"I will strive to avoid confronting the beast,

and shield my harvest from his feast.

Should i falter and wander into his domain,

I pray the god's diminish my pain.

For a trader am I and on this day,

I strive to gain wealth and avoid being PREY"
This will also be printed out and pasted to my monitor
******************* I'd rather make money than be right.
  • #2,617
  • Jun 20, 2009 6:02pm Jun 20, 2009 6:02pm
Quoting TudorGirl
Hi 4xStar

Self-discipline -- the final frontier...


...and the toughest

Quote
I too am struggling with this. All the "insight" and "intellect" in the world will be undone without the discipline Edge is trying to teach us.


In fact, I think intellect gets in the way. Over-thinking a trade or a strategy is as bad as not being prepared at all.

Quote
But do not fear. You are not in this alone. You have a whole team here and we support each other.

The project outlined on this thread is like the Royal Marines Assault Course at Lympstone....

"We started together and we will finish together. No-one will be left behind".

Anne

******************* I'd rather make money than be right.
  • #2,618
  • Jun 20, 2009 6:33pm Jun 20, 2009 6:33pm
Quoting Kosomolate
I hope you can see the entry and exit points, the arrows are there for us to see.

We risk small and ride big with TM as Paulus use to do

Clean charts just like those of Paulus

kos
Hi Kosmo:
I'm right with you, trying to test Paulus' original signals. Which pairs are you trading and is there a particular time or times that you prefer. Want to see how this system works before looking at others. Thanks for your time.

Jim
  • #2,619
  • Jun 20, 2009 8:03pm Jun 20, 2009 8:03pm
Hope it is alright to post this, since I picked it up from some other thread here. Don't recall which one.

Anyway, regarding best times to trade and expect a trend, this study may help. Published in 2007.

Have done no intense studies of it's accuracy, but at first glance seems to still be relevant.
Attached File(s)
File Type: pdf Quantum Research - Forex Cheat Sheet.pdf   322 KB | 12,440 downloads
  • #2,620
  • Jun 20, 2009 8:28pm Jun 20, 2009 8:28pm
Well, after more than a year absence from FF (diving business in Egypt and Philippines) I'm back reading!
Just short of impressed! I'm always been a naked trader, mostly Fibs actually, but that thread is cool!
I won't jump in the "Thanks" wave.... but those who know me... anyway... wow...

I won't cluster this thread - no worries - just posting results once in a while:

FXDD - 5M - EU,GU,EJ,GJ,EG

See the screenshot for my setup!

Take care everybody and keep this thread clean, OK?
Attached Image (click to enlarge)
Click to Enlarge Name: setup dxtrade.gif Size: 22 KB
"The only successful substitute for brains is silence."
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