EUR/GBP Trendmagic System | Page 158 | Forex Factory

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EUR/GBP Trendmagic System

  • #3,141
  • Jun 25, 2009 10:04am Jun 25, 2009 10:04am
Quoting stunna29
Hey Nuancom how do you get your 50ma to change colour?.That is cool.

Here is a coloured MA indicator.
Attached File(s)
File Type: mq4 FX Sniper's MA.mq4   2 KB | 701 downloads
  • #3,142
  • Jun 25, 2009 10:08am Jun 25, 2009 10:08am
It really does not matter what a trader uses much of the time. Candlesticks, bars, point and figure, renko? It is PA alone that will dictate how you perform.

ANY trading plan can be effective when PA is just rolling around, moving above and below a MA like a child rafting down a lazy winding river on a hot summer day. Not too technical for sure, but even the simplest plan can have merit.

To scalp, you need decent PA in a 30 pips range or so, nothing more. Just a swing trader with tighter goals is all you are.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: renko.jpg Size: 172 KB
  • #3,143
  • Jun 25, 2009 10:13am Jun 25, 2009 10:13am
Here is a quick 12 pip short trade. The 7/14 MA cross in conjunction with the TGHG changing colours seems to work about 70-80% of the time for 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp short t9.gif Size: 44 KB
  • #3,144
  • Jun 25, 2009 10:23am Jun 25, 2009 10:23am
Quoting germanslobo
Hello All:

I attach an indicator when the Vorticity of TudoGirl change color. This indicator has sound.

Regards.
Hi germanslobo,

Would you be able to add email alerts to the Vorticity Signal indicator?

Thank you
  • #3,145
  • Jun 25, 2009 10:23am Jun 25, 2009 10:23am
Quoting notch
The stocastic bar (that Paulus posted last week) and the HV combo are simply a devastating YES devastating scalping combination on the 1m or 5m. DEVASTATING!
I've done some visual backtesting using Paulus's stocastic bar in conjunction with TG's HV and HGMTF (set at 15 min) on the M1 time frame and this setup looks VERY promising. Using the HGMTF indi at 15 minutes gives you a very good indication on the current trend of the pair.

You buy when all indis are blue with a SL of 20 and a TP of 10 (which more times than not you will be your 10 pips) and vice versa when all indi's are red for selling.

I'm going to be forward testing this particular setup when time permits but all of you can visually see the number of GOOD entries using the above mentioned SL and TP.
  • #3,146
  • Edited 10:33am Jun 25, 2009 10:32am | Edited 10:33am
Quoting ozziedave
Here is a quick 12 pip short trade. The 7/14 MA cross in conjunction with the TGHG changing colours seems to work about 70-80% of the time for 10 pips.
Yep, works almost flawlessly on a +10 plan, especially the GB pairs.

Older method in the world and still effective if disciplined.

Nice!!!!
  • #3,147
  • Jun 25, 2009 10:53am Jun 25, 2009 10:53am
Trading SHOULD be boring. This is pretty close.

Not sure, but it seems a new 'stoch' indi put in play by Paul and confirmed as viable for scalping by 'Notch" can be utilized as a nice tool to add to the bag also. Witness the colorful GU chart. Plenty of +10's in the U.S. session alone. HMMMMM!!!!

Also, we see clearly that the simple Plan A produced three (3) more excellent trading ops via signal, and the 'beast' even gave up a few in a sympathy move. Living large and must be living right today.

Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5m.jpg Size: 139 KB
Click to Enlarge Name: 5m signals.jpg Size: 180 KB
  • #3,148
  • Jun 25, 2009 10:54am Jun 25, 2009 10:54am
I just downloaded the template and indicator files but when I scroll it back a bit it goes all meessed up looking
Attached Image (click to enlarge)
Click to Enlarge Name: graph.gif Size: 15 KB
  • #3,149
  • Jun 25, 2009 11:06am Jun 25, 2009 11:06am
TG,

On your 1 Hour trading using the HV2 and Pivots what stop loss are you using? Is it fixed i.e. 50 when leaving it overnight or the previous pivot?

Thanks
  • #3,150
  • Jun 25, 2009 11:15am Jun 25, 2009 11:15am
Quoting Edgetrader
Trading SHOULD be boring. This is pretty close.

Not sure, but it seems a new 'stoch' indi put in play by Paul and confirmed as viable for scalping by 'Notch" can be utilized as a nice tool to add to the bag also. Witness the colorful GU chart. Plenty of +10's in the U.S. session alone. HMMMMM!!!!

Also, we see clearly that the simple Plan A produced three (3) more excellent trading ops via signal, and the 'beast' even gave up a few in a sympathy move. Living large and must be living right today.

Regards.

May I ask what settings you use for the shown stochastic bars ?
  • #3,151
  • Jun 25, 2009 11:21am Jun 25, 2009 11:21am
Quoting Edgetrader
... Living large and must be living right today.

Regards.
Hello Edge I can see that it is possible to use three indicators you propose (WMA, Trix and ForexTrend) trading on 1H charts. Should I change inputs for those indicators? Probably you know what it should be?
The Road appears under the steps of walking men...
  • #3,152
  • Jun 25, 2009 11:24am Jun 25, 2009 11:24am
Quoting Edgetrader
Trading SHOULD be boring. This is pretty close.

Not sure, but it seems a new 'stoch' indi put in play by Paul and confirmed as viable for scalping by 'Notch" can be utilized as a nice tool to add to the bag also. Witness the colorful GU chart. Plenty of +10's in the U.S. session alone. HMMMMM!!!!

Also, we see clearly that the simple Plan A produced three (3) more excellent trading ops via signal, and the 'beast' even gave up a few in a sympathy move. Living large and must be living right today.

Regards.
Maybe I'm wrong but it seems that you are using the stochbars indicator not the right way. It's a retracement indicator and when I look at your chart I see a trend indicator. I guess you don't set up the colours like Paulus suggested. The colours are none, blue and red from top to down.
  • #3,153
  • Jun 25, 2009 11:56am Jun 25, 2009 11:56am
Hello:

When Trend Magic switch the color to Vorticity is very powerful.!!

Try with this indy.

Long: Sell Arrow.

Short: Red Arrow.

Regards.
Attached File(s)
File Type: ex4 TMandVorticity Signal.ex4   4 KB | 1,253 downloads
  • #3,154
  • Jun 25, 2009 12:07pm Jun 25, 2009 12:07pm
Quoting germanslobo
Hello All:

I attach an indicator when the Vorticity of TudoGirl change color. This indicator has sound.

Regards.
Can you tell me how to attach this alert? I can't get it to work. Do I drag it into a vorticity window already on my chart or will it have its own window? Thanks
  • #3,155
  • Jun 25, 2009 12:12pm Jun 25, 2009 12:12pm
time to show some false signals



Quoting Edgetrader
Trading SHOULD be boring. This is pretty close.

Not sure, but it seems a new 'stoch' indi put in play by Paul and confirmed as viable for scalping by 'Notch" can be utilized as a nice tool to add to the bag also. Witness the colorful GU chart. Plenty of +10's in the U.S. session alone. HMMMMM!!!!

Also, we see clearly that the simple Plan A produced three (3) more excellent trading ops via signal, and the 'beast' even gave up a few in a sympathy move. Living large and must be living right today.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.jpg Size: 94 KB
  • #3,156
  • Jun 25, 2009 12:17pm Jun 25, 2009 12:17pm
Quoting Jbomb21990
Can you tell me how to attach this alert? I can't get it to work. Do I drag it into a vorticity window already on my chart or will it have its own window? Thanks

Only Drag the indicator. You should see Green and Red Arrow.

This indicator works when Trend Magic change the color to color Vorticity.

Regards.
  • #3,157
  • Jun 25, 2009 12:33pm Jun 25, 2009 12:33pm
Quoting germanslobo
Only Drag the indicator. You should see Green and Red Arrow.

This indicator works when Trend Magic change the color to color Vorticity.

Regards.
Guess I am doing something wrong. I can't get the sound alert indi or the TMandVorticity arrow indi to work.
  • #3,158
  • Jun 25, 2009 12:51pm Jun 25, 2009 12:51pm
Looks really good on a chart. Will have to see how it works for real. I had the vorticity indicator on a chart and it showed down arrows on my chart when the GBP was going up, but the regular Vorticity bars were blue. I know there's a lag, so I stayed in the short trade (trading pennies), and it went up about 40 points. I never did get a up arrow for the next four 5 minute bars. I closed down MT4 and restarted it, and the red arrows that were there were mysteriously gone. That's why I'm leery of this indicator that looks good "on paper", but with the known repainting of both the TM and vorticity, it remains to be seen if what you see on the chart works in actual trading. Also, I see that you could give a lot of pips back on the higher time frames if you held on and waited for the arrow to change.
Quoting germanslobo
Hello:

When Trend Magic switch the color to Vorticity is very powerful.!!

Try with this indy.

Long: Sell Arrow.

Short: Red Arrow.

Regards.
  • #3,159
  • Jun 25, 2009 1:16pm Jun 25, 2009 1:16pm
looks like there is a whole bunch of signals with the stochastics and the HV. looks just beautful to me^^
the signal seems to be right every time.. and price moves in that direction at least for 5-10.. on the paper it looks like that. and notice how it catches all the big moves during the london session, these are all 50 pips moves!
with sl 20 and a risk of 2% you would get 5% back on each trade. i dont know how the indicators behave in real time, since they repaint, but today or tomorrow I will run the data from today through the simulator and look at the 5min chart to see how the entries form in real time.

if i look at the signals i think the key would be to trust the signals and buy low/sell high with a tight sl.

what do you guys say?
Attached Image (click to enlarge)
Click to Enlarge Name: scalp.gif Size: 47 KB
  • #3,160
  • Jun 25, 2009 1:19pm Jun 25, 2009 1:19pm
Quoting germanslobo
Hello:

When Trend Magic switch the color to Vorticity is very powerful.!!

Try with this indy.

Long: Sell Arrow.

Short: Red Arrow.

Regards.

Can you post the mq4 file for this one?

D.
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