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EUR/GBP Trendmagic System

  • #4,161
  • Edited 1:17pm Jul 8, 2009 1:16pm | Edited 1:17pm
Still the plan performs well overall. Good setups, use the MA as the SL buffer and go for +10 or whatever you are comfortable with.

Signals work on ANY TF so you just need to trade your account with prudent MM.

Regards.

P.S.- Have an e-mail to Anne on that other forum. Do not know what happened there.
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  • #4,162
  • Jul 8, 2009 1:17pm Jul 8, 2009 1:17pm
Quoting golden1
Enjoy with small code fix as well..thanks increase!

Brian
Thank you, I tried it, but the arrows and the text-alert don't show up at the same time, there must be still a bug in it.

What do you think.

Another RSI indi also interesting is this one.
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Attached File(s)
File Type: mq4 RSI-TC_NEW.mq4   5 KB | 545 downloads
/ ... clarifying decisions ... /
  • #4,163
  • Jul 8, 2009 1:27pm Jul 8, 2009 1:27pm
Quoting Edgetrader
Still the plan performs well overall. Good setups, use the MA as the SL buffer and go for +10 or whatever you are comfortable with.

Signals work on ANY TF so you just need to trade your account with prudent MM.

Regards.

P.S.- Have an e-mail to Anne on that other forum. Do not know what happened there.
hello edge,

do u still use the 14wma or did u switch to 12wma ? and that ventana thingy - which settings do u use ? 12/3 ord 14/3 ?

thanks
tex
  • #4,164
  • Jul 8, 2009 1:27pm Jul 8, 2009 1:27pm
Quoting revrobwimb
Some interesting possibilities when trix and ma ventana cross. for both entries and exits.

just observing.

revrobwimb
Indeed. The indi's are as good as anything out there. Need a bit of faith in them and trade as you wish.

Some like pip counts (swings), some like quick account growth (scalp).

I would rather do the 'less is more' (less pips/more lots) thing as stated previously. Just what I do though, it is not for everyone.

Not sure how many trading ops have to past before potential scalping traders see the potential. This has always been an issue when PA is accommodating. Hard to see the forrest through the trees as they say. This really is as simple as trading gets. Witness the avatar and signature.

First question that usually pops up is "What do I do when PA is not working as well?".

Well, if +10's are an issue then going after +30's are really going to cause some postal type actions to arise.

At least with this type of plan, you can always use the indi's and go after +5 trades. They ain't pretty but they certainly do count.

Regards.
  • #4,165
  • Jul 8, 2009 1:29pm Jul 8, 2009 1:29pm
Quoting tex
hello edge,

do u still use the 14wma or did u switch to 12wma ? and that ventana thingy - which settings do u use ? 12/3 ord 14/3 ?

thanks
tex
12 or 14 standard WMA is fine. Either serves its purpose as an initial primer.

Ventana set at 12/3 does pretty good as a trigger. Trix is simply the best indi I have ever used. Propbably why I have had it for soooo long.
  • #4,166
  • Jul 8, 2009 1:32pm Jul 8, 2009 1:32pm
Working on getting the server back up, but I can't promise everything will be there. I only have a virtual private server and you all killed it.
  • #4,167
  • Jul 8, 2009 1:36pm Jul 8, 2009 1:36pm
Quoting DETrader
Working on getting the server back up, but I can't promise everything will be there. I only have a virtual private server and you all killed it.
Might have expected server issues I suppose.

Thx for doing the work. Have an alternative plan on backup if you have too many issues.

Let me know if we need to look at something larger to accommodate so many people.

Regards.
  • #4,168
  • Jul 8, 2009 1:36pm Jul 8, 2009 1:36pm
Hello all,

I have some realy stranged, at odl brokers the daily en weekly pivot are 1.3839 daily and 1.3857 weekly. At Alpari my daily is 1.3865 and weekly is 1.3870.

Somebody any idea? i use Auto Pivot2

thanks a lot!

Thierry
  • #4,169
  • Jul 8, 2009 1:39pm Jul 8, 2009 1:39pm
I see Marlow Yip is lurking so I will call it a day and leave it to sweetpea to enlighten all with his blue ball/ red ball theories.

4 pairs traded and about 200 pips shown. Seems as viable a plan as anything else.

Regards.
  • #4,170
  • Jul 8, 2009 1:40pm Jul 8, 2009 1:40pm
Quoting Edgetrader
Ventana set at 12/3 does pretty good as a trigger. Trix is simply the best indi I have ever used. Propbably why I have had it for soooo long.
Hello Edge,
Have followed your posts now in both forums... Like your setup more and more...
Did I catch it correctly that you use Trix as primer and Ventana as trigger? Does it mean that Trix has to cross first? And if Ventana changes colour first and Trix crosses only after that then it is not a signal?
  • #4,171
  • Jul 8, 2009 1:41pm Jul 8, 2009 1:41pm
Quoting Edgetrader
Might have expected server issues I suppose.

Thx for doing the work. Have an alternative plan on backup if you have too many issues.

Let me know if we need to look at something larger to accommodate so many people.

Regards.

Thanks Edge, however I believe it was the forum software itself. 200+ members should not have done what happened. I will see what I can pull from the database, however I doubt I will be able to save anything more than all the attachments. Back to fixing things.
  • #4,172
  • Jul 8, 2009 1:45pm Jul 8, 2009 1:45pm
Good day to you all,

The current system shown here by Edge is possibly the best you will get in terms of 5min scalping. I am also trying to get to a "comfortable" system to trade with.

I have found my rythm with my own setup and it does allow me to take high probability trades. Today I did not trade long, but still managed +47 on 5 trades. no losses. Live. I am currently averaging +-40 pips per day on one pair I am testing.

Edges' system will take me out 2 to 1. He has shown on many an occasion his charts with trades taken. He has already booked 2 trades per chart when I am ready to trade once.( Then I need to take headache tablets on the side to keep me focussed)

My current way of trading was born from snippets on this forum. It is all here...believe me. Many,many capable contributors. As said before - get some stuff together you are comfortable with. Trade these. Over and over. Wash, Rinse, Repeat. It will come together as you start "clicking" with your setup used and as you start understanding the currency pairs you are watching.

There is hope. Just stick to your plan.

May you prosper...
  • #4,173
  • Edited 3:04pm Jul 8, 2009 1:51pm | Edited 3:04pm
Sorry, leledc .... I don't understand.

(a) SwingMan Vorticity seems to indicate a change of trend one or two bars ahead of Leledc-Trend-Hist-Fisher-Norep indicator (not behind it) .... I assume you wait for the bar/candle to close before entering a trade?

(b) Can you explain what the four lines of blue/red balls in the Leledc-Trend 1 1 0 0 indicator mean, and how you use them?

Thank you. That will be helpful.

Quoting leledc
This isn't repaint:below old vorticicty(it makes repaint 1 or 2 bar but in real time it gives the same signal as mine) and the histogram is the fixed one...The other with little balls is another indi i have done(it makes repaint but it anticipates change of trend a lot so in real time is very good to filter ...).Why i have to do all these things that i always do when test an indi????Let's take trendmagic yourself :i use my better indi...Bye
  • #4,174
  • Jul 8, 2009 1:54pm Jul 8, 2009 1:54pm
No more posts from me. I got my laughs out of my posts. I think you people take this way to serious. Edgetrader- I don’t know why you still post here on this thread. According to the etiquette this is Paulus' thread. Your system and what your doing is probably confusing the guests that see this thread from the beginning. Oh well
Market Makers are the best
  • #4,175
  • Jul 8, 2009 1:55pm Jul 8, 2009 1:55pm
Quoting Dm3554
Sorry, leledc .... I don't understand.

(a) SwingMan Vorticity seems to indicate a change of trend one or two bars ahead of Leledc-Trend-Hist-Fisher-Norep indicator (not behind it) .... I assume you wait for the bar/candle to close before entering a trade?

(b) Can you explain what the four lines of blue/red balls in the Leldc-Trend 1 1 0 0 indicator mean, and how you use them?

Thank you. That will be helpful.
In real time they gives same signal:but mine is fixed and vorticity move to previous bars his signal,so you think that is better vorticicty ,but in real time isn't !!!!This is repainting...My histogram remain where the signal in real time is given so you have a better view of the trade...
b)I can't say anything
  • #4,176
  • Jul 8, 2009 2:06pm Jul 8, 2009 2:06pm
Quoting Edgetrader
I see Marlow Yip is lurking so I will call it a day and leave it to sweetpea to enlighten all with his blue ball/ red ball theories.

4 pairs traded and about 200 pips shown. Seems as viable a plan as anything else.

Regards.
Edge:
Do you trade all pairs at the same hours? I recently tested your setup with different hours and it didn't work. As you said, it's for specific times.
I've seen 12 in many of your charts. Is this GMT? In your opinion what's the best time for your system.
  • #4,177
  • Jul 8, 2009 2:09pm Jul 8, 2009 2:09pm
Hey Edge,how do you take your profit..do you put in the s/l and take profit at the start of the trade or you just place the trade and wait for it to reach ten pips then close it out?.
Quoting Edgetrader
I see Marlow Yip is lurking so I will call it a day and leave it to sweetpea to enlighten all with his blue ball/ red ball theories.

4 pairs traded and about 200 pips shown. Seems as viable a plan as anything else.

Regards.
  • #4,178
  • Jul 8, 2009 2:15pm Jul 8, 2009 2:15pm
Quoting TauTrader
Good day to you all,

The current system shown here by Edge is possibly the best you will get in terms of 5min scalping.
I concur.. I am a proponent of Edges most recent 5m template.

With proper oscillation it will build an account nicely. However, for the novice trading w/ poor PA and chartwatching during improper session times... They will shoot for +10 lose 3 in a row, then make a stupid post about how the system don't work.

Then of course I will have to use the "ignore" feature.

Hard to practice what I preach, when I just took this last trade for +10. I think +3 to +5 is a no brainer no matter what time you trade w/ this system.

revrobwimb
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  • #4,179
  • Jul 8, 2009 2:20pm Jul 8, 2009 2:20pm
Quoting revrobwimb
I concur.. I am a proponent of Edges most recent 5m template.

With proper oscillation it will build an account nicely. However, for the novice trading w/ poor PA and chartwatching during improper session times... They will shoot for +10 lose 3 in a row, then make a stupid post about how the system don't work.

Then of course I will have to use the "ignore" feature.

Hard to practice what I preach, when I just took this last trade for +10. I think +3 to +5 is a no brainer no matter what time you trade w/ this system.

revrobwimb
Having studied charts and price action (along with any indicator I thought helped with entries and exits) I can say that you will probably hit +3 pips close to 90+% of the time, 5 pips almost the same. The best time to try for 10pips is going to be the higher volume sessions (London, & US until about 2:00pm EST). I don't recomend the Aussie session, but you should be able to squeeze out 3-5pips per during the entire Asian session and move into 10pips when it overlaps with London.

Working with the host, hope to have the forums up by tonight and possibly save the posts, but will have to move to another forum package that will allow me to better optimize the database.
  • #4,180
  • Jul 8, 2009 2:43pm Jul 8, 2009 2:43pm
Quoting Quantum4x
Edge:
Do you trade all pairs at the same hours? I recently tested your setup with different hours and it didn't work. As you said, it's for specific times.
I've seen 12 in many of your charts. Is this GMT? In your opinion what's the best time for your system.
Since Edge has left for the day (at least he said so) I will try to answer this:
He trades from 4 am to 8:30 am pacific time which is 7 - 11:30 am eastern time or 11 am to 15:30 GMT or 12 noon to 16:30 UK summer tiime.
He finds all his setups during that time which is also the overlap of US/UK.

Hope that covers it ;D

As for S/L, he will exit at reverse of signal (like trix crossing back down if trade was long), he does not just hang on. I believe he said once his max dd was 20 pips, but I am not sure about this. I remember that the win-loss ratio is worse than 1:1 BUT the winning trades far outweigh the losing ones so net result is positive .. he also said he goes for 2-4% account growth per day so he will quit earlier if that goal has been reached.

This is what I have learned from reading his past posts ... if I got something wrong, I'm sure he will correct me.
******************* I'd rather make money than be right.
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