EUR/GBP Trendmagic System

I looked back at the charts for a few trading sessions and saw that because of the volatility, some pips are on offer. I look at ATR only because in a flat market, you will get whipsawed.

PLEASE NOTE, that I am experimenting with this and will try different settings and possibly filters. It has NOT proven itself yet.

Stick with what works for you. I like to see a lot more proof before I put serious money on the table.

Settings: MTF 60 30 15 5

GBP

Entry 16292

Took this trade close to S1 hoping it will poke through.

Closed out half on the bounce, will pull the plug soon with small change if possible.

GBP

Closed out for +3 average gain.

GBPJPY

Skipped this one.

Would have paid the 30 pips I was looking for.

Hindsight is great.

Hi Gleneagles. Can you post your template and the EA to manage the trades please?
Thanks.

Ended up with +173 for the day, GBPUSD & GBPJPY.

MTF 60 30 15 5

I will post a few updates again towards the end of the week.

In case you are tracking experimental Trix, entry 16302 long GBPUSD and 15533 GBPJPY long.

Great trading and sorry about hogging the thread today, normally I hardly have time to eat or drink!

Great trading all and take care.

Tomorrow?

I am starving!

ok

Gleneagles, I am curious about your TRIX settings .. Edge says on the 5 min to use 2,1,false, 1500 and that seems to work great. I tried your settings and could see little correlation of indicator to price movement.

Maybe tomorrow .. or later this week, some more explanation?

Thanks.

as its gone all quiet...oh my god !

Il post my last 3 trades on the 1min

+62
+50
+ 81

currently long from 156.23 at of 15mins ago ..
the 5min triggered 30mins earler thats long from 155.90

will post exits when they occur

P

STRENGTH BEGETS STRENGTH !!

Started out looking for +5 trades late last night and realized the Trix set at 2,1,false,1500 is a bit jumpy. Reset to original 3,1,false,1500 as it seems best utilized as a trigger, not a primer.

Do have a bit of a double barreled shotgun in the settings as there really is no doubt the PA crossing the MA is the primer. As we are looking for a little mini-trend to trade on, it seems those HA candles have some use as it will smooth things out a bit for a trader.

FT indi set at 10/20 is an excellent confirmation indi and I have had success with it, so will stick with it.

+10 seems a very good range on GU. Went ahead and traded the beast with the same setup and did pretty good there. Seems as though there were tons of pips left on the table, but in reality I managed to get to goal and target area well enough so I do not think anything was really left. Still do not have a crystal ball so never knew they would be available in the first place. A bit more aggressive on the beast trades seems prudent as it moves with ease.

Am still very conservative and will bare that cross further. As long as the plan produces well, the totals are just fine with me.

When it all comes down to it, we have nothing more than a 2 MA cross plan. Yep, than 7 WMA crossing the 14WMA, with maybe a confirmation indi of choice to boot, is easily adapted to the plan on the 5M. All PA is based on a cross of a MA anyway, whether a 7, 14, 21, 50, 100 or 200 MA is just another choice to work through.

Have attached a couple other pairs as a visual reference. It is pretty easy to see trading setups develop on any of the ones shown. Not recommending them, just showing them for comparison.

Was very interesting watching GlenEagles set forth his base material today. Will be even more interesting to see his testing results when completed. Very astute individual there, has good focus it seems.

So, I will stick to the +10 on the GU, and will start incorporating 5M beast trades and see how things go. Overall, am a bit nervous on this thread as it seems my trading is not in line with Paul and Anne's indi's at all. Am somewhat running a small thread on scalping within their larger thread. Well, as soon as they PM me and ask me to stop I will. Until then, I think a portion of my own analysis can be of benefit to some who are more conservative than others. Will be very interesting when Paul and Anne get finished with the 1M program also. Lots of ways to plow forward here and a hell of alot of fun most of the time.

Regards.

Edge

Dont worry about it

Your experience and guidance along with your summery posts are an excellent addition to the thread.

Its not all about indicators .........as we know there is also money management, mind management and basic common sense.

I know you make a good case for the +10's I see things slightly different and good job otherwise the world would be a boring place .

cheers

Paulus

currently long from 156.23 at of 15mins ago ..
the 5min triggered 30mins earler thats long from 155.90

1min just close at 156.40 giving 17pips

5min still in play

Thx.

The +10's are almost a no brainer. And anyone can go check that little 7/14 MA cross. Is easy enough to get in a trade and use the 14 as the exit strategy.

Sent you a PM. Looking forward to your completed 1M work as I too am eager to have another poker in the fire.

Thanks for all you do.

Highest Regards.

i have a question. Maybe I'm wrong but I think I have seen different trend magic settings (cci and atr). But I don't find any option to change the TM settings. I guess TM CCI 50 ATR 5 are the standard settings?

ok short 1min 156.37

5min still long

P

It is an external setting indi.

Right click on the indi and change the inputs as you see prudent.

Paul uses default settings. I use 10/20 instead. Depends what trading style you have. Swing or Scalp?

Would like to see the FT indi change to confirm 5M short.

Hi Edge,

When you talk about changing the settings, where would you find these after right clicking on the indi?

If the TM indi is on your chart, just 'right' click on the indi and change the inputs as you wish.