EUR/GBP Trendmagic System | Page 171 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

TrendMagic Channel 2 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

If you buy gbp/usd and sell eur/usd, is that the same as being short eur/gbp? 1 reply

Pair selection when using Trendmagic System 0 replies

Attachments: EUR/GBP Trendmagic System
Exit Attachments

EUR/GBP Trendmagic System

  • #3,401
  • Jun 28, 2009 1:01pm Jun 28, 2009 1:01pm
I am not a programmer ...
Is it posible to back test the TG Vorticity Ind . due to the fact that the indicator repaints.
If it is posible , should I give any specific instructions to the programmer.
Tks
David
  • #3,402
  • Jun 28, 2009 1:24pm Jun 28, 2009 1:24pm
David, recommend that you read the thread. This has been covered several times.

Quoting david4u
I am not a programmer ...
Is it posible to back test the TG Vorticity Ind . due to the fact that the indicator repaints.
If it is posible , should I give any specific instructions to the programmer.
Tks
David
  • #3,403
  • Jun 28, 2009 2:50pm Jun 28, 2009 2:50pm
This is the chart setup I use to look at the market activity during a typical trading day.

I have set up ATR 6( Blue) and ATR 36( Yellow) in one window with horizontal line at level 15( Red)

TF 5M

I look for shorter ATR to cross above the longer ATR to indicate that the market activity is picking up. In addition, I like the ATR (6 ) to get to level 15 meaning that the average trading range on a 5M candle has hit at least 15 pips.

Because I am a day trader, I am dependent on market activity.

On the chart, I have highlighted the 2 trading periods that would normally be my focus. I use ParamonWorkTime indi which I found somewhere on the forum.

It gives you a clear visual of market conditions:

1) Volatility
2) Increase or decrease in market activity
3) Trading range per session selected(measure the size of the box)
4) Peaks in ATR

By selecting you prefered trading period, you can see what the market has done historically during that period.

You can fiddle with different settings on TF and ATR to suit your needs.

It is quite easy to pick a pattern regarding the " peak hours " using this setup or something similar.

In any event, hope you find it useful.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Jun. 28 20.44.gif Size: 21 KB
" Never let the past hold the future to ransom "
  • #3,404
  • Jun 28, 2009 3:47pm Jun 28, 2009 3:47pm
Hello Gleneagles

It is some nice charts and Indicator you put in here.

I only have 1 problem with it.

Why are they here in this thread, I cant see it have anything to do with the setup been discussing here.

Maybee I am wrong

regards

fratelli
  • #3,405
  • Jun 28, 2009 4:00pm Jun 28, 2009 4:00pm
Quoting fratelli
Hello Gleneagles

It is some nice charts and Indicator you put in here.

I only have 1 problem with it.

Why are they here in this thread, I cant see it have anything to do with the setup been discussing here.

Maybee I am wrong

regards

fratelli
fratelli,

You are right, it has nothing to do with any setup in particular, it is merely an aid I use to judge market activity to pick the best trading times for trading in general. It is not a trading system, it is a visual aid.

regards,
" Never let the past hold the future to ransom "
  • #3,406
  • Jun 28, 2009 4:27pm Jun 28, 2009 4:27pm
Quoting Edgetrader
I appreciate 'balle' offering this renko indi.

Lets see some trading charts with trades placed on them first. I do not care whether they are demo or live, it is the actual time and effort placed into ANY of these methods that is going to set a one apart from those who are just seekers.

Regards.
Sounds good to me. I have followed this thread, traded the rules and made money and lost money. I will post a chart here and there, strict rules apply.
I will look at the 15m/1hr confirm trades to post.


Mike
  • #3,407
  • Jun 28, 2009 4:39pm Jun 28, 2009 4:39pm
TUDOR GIRL.....I have tried to send you a PM but it won;t let me...I know Notch and am hoping you will allow me to send you an e-mail I wrote last night...I'm safe....my profession is a probation officer! LOL
  • #3,408
  • Jun 28, 2009 4:44pm Jun 28, 2009 4:44pm
hey did anybody try using the indicator i attached on post 217, cos i have seen a lot of views, wanna know ur opinoins, try starting with it as soon as the market opens.i'm certain of little or no regrets, Just wanna help, cos i've been helped myself.
  • #3,409
  • Jun 28, 2009 4:50pm Jun 28, 2009 4:50pm
Quoting IMARICH1
TUDOR GIRL.....I have tried to send you a PM but it won;t let me...I know Notch and am hoping you will allow me to send you an e-mail I wrote last night...I'm safe....my profession is a probation officer! LOL
I have replied to all 3 of your emails but all I get is an automated reply saying your mailbox is out of service. Forget FF. Email from a proper email address that works and I will reply to you.

Anne
  • #3,410
  • Jun 28, 2009 5:25pm Jun 28, 2009 5:25pm
Quoting kenasmic
hey did anybody try using the indicator i attached on post 217, cos i have seen a lot of views, wanna know ur opinoins, try starting with it as soon as the market opens.i'm certain of little or no regrets, Just wanna help, cos i've been helped myself.
Do you mean the HMA indi?
/ ... clarifying decisions ... /
  • #3,411
  • Jun 28, 2009 6:09pm Jun 28, 2009 6:09pm
Quoting walb99
Do you mean the HMA indi?
Hi Folks...

The Hall Moving Average is nothing special other than it changes colours with the market movement, long & short. Other than that it's the same as any other moving average.
  • #3,412
  • Jun 28, 2009 6:34pm Jun 28, 2009 6:34pm
This is not 100% true, compare a real hull MA to any of the traditional ones and you will see it lags less, if you want an MA that lags even less than Hull look at the Jurik. Not all Hull's change color either, most found on here do, but they were coded to do that.
  • #3,413
  • Jun 28, 2009 7:15pm Jun 28, 2009 7:15pm
Quoting Gleneagles
This is the chart setup I use to look at the market activity during a typical trading day.

I have set up ATR 6( Blue)...
Hi Glen,

Are you using the standard MT4 ATR? I can't seem to set the level at 15 with the level tab of the indicator.
  • #3,414
  • Edited 7:51pm Jun 28, 2009 7:18pm | Edited 7:51pm
Quoting TudorGirl
Hi All
Please note that I only use Vorticity and that I wait for the close of the 3rd bar after colour change. This is vital as vorticity can repaint 2 previous bars in the worst case.
I'm wondering: What if that third one repaints?

You wait for a blue signal. Some turn red, some remain blue. After you see the third one you enter. You're now long and price begins to drop, and drop. Suddenly you see that the "third blue" turns into red and the next one is also red.
Do you use SL's?
What if, after all this, you enter short in that third red, and the same happens again turning into blue?

Since there's no way of knowing the past changes with this indicator, there's no way of back-testing.
With your mathematical background I'm wondering how do you measure it's success, or if you're just finding out now.

The problem is: We've had TWO WEEKS of just horizontal activity in the 1D charts in GU. One would assume this would behave a lot better once it trends again. But you know what mathematicians say about assuming
  • #3,415
  • Jun 28, 2009 7:40pm Jun 28, 2009 7:40pm
Quoting ozziedave
Hi Glen,

Are you using the standard MT4 ATR? I can't seem to set the level at 15 with the level tab of the indicator.
PA is slow right now.

Scroll back on your charts and you will see.

Set .0015, 0010 will show sooner.
  • #3,416
  • Jun 28, 2009 7:51pm Jun 28, 2009 7:51pm
Quoting Quantum4x
I'm wondering: What if that third one repaints?
Apparently in theory, it only repaints 2 bars plus current back.

I have personally watched it repaint (in real time) 3 plus current back, on the lower time frames. Stands to reason higher frames would be the same.

Have not been able to watch as closely as would like during most volatile trading hours to notice the extreme.
  • #3,417
  • Jun 28, 2009 8:07pm Jun 28, 2009 8:07pm
Quoting redhouse
Apparently in theory, it only repaints 2 bars plus current back.
Exactly. Ann says to enter in the third one. If you wait two blues, then wait for a third one to close blue, and you enter. That one can perfectly turn red while the next hour rapidly goes south.
Then you can wait for three red ones, enter short and see the same thing (your closed red turning blue and price going north).
  • #3,418
  • Jun 28, 2009 8:10pm Jun 28, 2009 8:10pm
Gleneagles,

Thanks for this post. Very useful in knowing and making an intelligent choice of when to trade with greater possibilities.

Bruce

Quoting Gleneagles
This is the chart setup I use to look at the market activity during a typical trading day.

I have set up ATR 6( Blue)...
  • #3,419
  • Jun 28, 2009 8:11pm Jun 28, 2009 8:11pm
Gleneagles,

Thanks for this post. Very useful in knowing and making an intelligent choice of when to trade with greater possibilities.

Bruce

"""Because I am a day trader, I am dependent on market activity.

On the chart, I have highlighted the 2 trading periods that would normally be my focus. I use ParamonWorkTime indi which I found somewhere on the forum.

It gives you a clear visual of market conditions:

1) Volatility
2) Increase or decrease in market activity
3) Trading range per session selected(measure the size of the box)
4) Peaks in ATR

By selecting you prefered trading period, you can see what the market has done historically during that period.

You can fiddle with different settings on TF and ATR to suit your needs.

It is quite easy to pick a pattern regarding the " peak hours " using this setup or something similar.

In any event, hope you find it useful."""

Quoting Gleneagles
This is the chart setup I use to look at the market activity during a typical trading day.

I have set up ATR 6( Blue)...
  • #3,420
  • Jun 28, 2009 8:20pm Jun 28, 2009 8:20pm
I think Tudor Girl said that the Vorticity could repaint two bars prior to the one you're on. When that third bar you're looking at closes the same color as the prior two, an entry can be made based on the three bars being either red or blue. If I have this wrong, someone please correct me.

After the close of the third bar
Quoting Quantum4x
Exactly. Ann says to enter in the third one. If you wait two blues, then wait for a third one to close blue, and you enter. That one can perfectly turn red while the next hour rapidly goes south.
Then you can wait for three red ones, enter short and see the same thing (your closed red turning blue and price going north).
2 traders viewing now