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EUR/GBP Trendmagic System

  • #4,201
  • Jul 8, 2009 3:33pm Jul 8, 2009 3:33pm
Quoting 4xStar
About 80 times a day Edge gets asked why he only trades for 5-10 pips.

Maybe the attached will help explain it. It's an Excel spreadsheet showing what would happen to a $100 account in 8 months if all you do is collect an average of five 10 pip trades per day .. and you compouond your trading, i.e. increase position size as your acct balance grows.

You can change inputs if you like, do not change values in the D column (End Balance) as that is where the formula is. But you can play what if with starting acct balance and # of pips per day.

And...
Thx for this.

I could write 1000 posts and show 5000 trades and it would not matter.

That is understandable as everyone in the world can better relate to the line "SHOW ME THE MONEY!!!!!".

So be it, but you still have to do the work. You have to prove that you are capable of being an "AMBASSADOR OF QUAN!".

The money will follow.

Regards.
  • #4,202
  • Jul 8, 2009 3:34pm Jul 8, 2009 3:34pm
Ledlec,

Dude, I am sorry, I posted something that was not directed to you. I thought I was in another thread. My apologies. Post was deleted!

Lohad
  • #4,203
  • Jul 8, 2009 3:36pm Jul 8, 2009 3:36pm
Quoting paradoxical
http://codebase.mql4.com/277

This is a link for those that want to try odd time frame charts, such as 3 minute, 8 minute, 12 minute, two hour, etc. Very easy to set up. I was able to load an 8 minute and 12 minute chart without much trouble.
Does this just provide an alternative to those who want to trade a bit more actively or relaxed dependent on those odd TF's?
  • #4,204
  • Jul 8, 2009 3:37pm Jul 8, 2009 3:37pm
Hi Edge..

Please post your latest primer and trigger. As far as your previous primer and trigger goes I am doing fine with it.

Thanks
Make money Not pips
  • #4,205
  • Jul 8, 2009 3:38pm Jul 8, 2009 3:38pm
Quoting Edgetrader
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?
[/quote]

Agreed.

Have already bumped heads on spending exorbitant amount of time recoding existing indi's and then putting out such that still do not work.

If you have something that is tested and can qualify such fine. Anything else is a waste of time. What do you have to qualify your indi? Pretty is one thing, productive is another.[/quote]
I have posted trades,graphic(you have said that i have made with photoshop...)charts as you:mine in real time,but yours are surely more important(why????)...So what do you want from me????I haven't to show anything more to a simil bullshit!Fuck off
  • #4,206
  • Jul 8, 2009 3:39pm Jul 8, 2009 3:39pm
Dude! You've seen that movie one too many times!


Quoting Edgetrader

.....That is understandable as everyone in the world can better relate to the line "SHOW ME THE MONEY!!!!!".

So be it, but you still have to do the work. You have to prove that you are capable of being an "AMBASSADOR OF QUAN!"......


Regards.
  • #4,207
  • Jul 8, 2009 3:40pm Jul 8, 2009 3:40pm
Quoting Dm3554
@leledc

That's a pity, leledc. Your indicators look interesting. Can you post them so that we can try them out?
Oh no...You still have the bigger trader of the world here...
  • #4,208
  • Jul 8, 2009 3:42pm Jul 8, 2009 3:42pm
Quoting Indrek
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?
No sir.

PA must cross MA first, preferable at least one 5m candle close above or below.

Sm Trix and regular Trix are the triggers.

Have only had the "Q" MA for a day and am looking at it closely. It is very promising as a primer. Nothing will replace trix for me as a trigger though.
  • #4,209
  • Jul 8, 2009 3:49pm Jul 8, 2009 3:49pm
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.
I trade ONLY the London/U.S. overlapping 4 hour period. Around 1100 to 1500 GMT I think as it is 0400 to 0800 or so PST.

The Asian/London overlapping period is also woth noting and exploring. I think that is 0600 to 0900 GMT or 2300 to 0200 PST.

As for pairs scanned, I look at a whole plethora of them. Concentrate on the four shown today, along with AU and that will do quite well indeed.

Regards.
  • #4,210
  • Jul 8, 2009 4:09pm Jul 8, 2009 4:09pm
@leledc

Sorry, still don't understand. Anyway, best wishes to you, leledc.

Quote: Originally Posted by Dm3554 http://www.forexfactory.com/images/buttons/viewpost.gif
@leledc
That's a pity, leledc. Your indicators look interesting. Can you post them so that we can try them out?
Quoting leledc
Oh no...You still have the bigger trader of the world here...
  • #4,211
  • Jul 8, 2009 4:12pm Jul 8, 2009 4:12pm
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  • #4,212
  • Jul 8, 2009 4:12pm Jul 8, 2009 4:12pm
So tempting!! Was almost lured into this taking this signal outside of my trading time, but IBFX widened their spread on EU to a whopping +6!!!

I figured it was news so I backed off.. but I looks like the spread has remained going into Asian. Kinda weird. Anyway.. who cares.. more signals will appear tomorrow.

revrobwimb
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  • #4,213
  • Jul 8, 2009 4:46pm Jul 8, 2009 4:46pm
Quoting DoctorPips
Dude! You've seen that movie one too many times!
"You had me at mq4".
  • #4,214
  • Jul 8, 2009 4:49pm Jul 8, 2009 4:49pm
Quoting revrobwimb
So tempting!! Was almost lured into this taking this signal outside of my trading time, but IBFX widened their spread on EU to a whopping +6!!!

I figured it was news so I backed off.. but I looks like the spread has remained going into Asian. Kinda weird. Anyway.. who cares.. more signals will appear tomorrow.

revrobwimb
I took that trade and closed at +5 when I saw the spread widening.
  • #4,215
  • Jul 8, 2009 5:08pm Jul 8, 2009 5:08pm
Quoting revrobwimb
So tempting!! Was almost lured into this taking this signal outside of my trading time, but IBFX widened their spread on EU to a whopping +6!!!

I figured it was news so I backed off.. but I looks like the spread has remained going into Asian. Kinda weird. Anyway.. who cares.. more signals will appear tomorrow.

revrobwimb
How do you and Edge (a.k.a former President Bush ),
Place those buy/sell arrows, and position closed arrows etc... the like way EAs do during a visual ran back test?
Are yall using a script file of some kind or what?
Hope you can answer today....
  • #4,216
  • Jul 8, 2009 5:14pm Jul 8, 2009 5:14pm
Quoting revrobwimb
So tempting!! Was almost lured into this taking this signal outside of my trading time, but IBFX widened their spread on EU to a whopping +6!!!

I figured it was news so I backed off.. but I looks like the spread has remained going into Asian. Kinda weird. Anyway.. who cares.. more signals will appear tomorrow.

revrobwimb
hi revrobwimb
they do that on wednesday and its double swap aswell. im with them too
  • #4,217
  • Jul 8, 2009 5:22pm Jul 8, 2009 5:22pm
I like this system a lot, however it doesn't seem to work for me.
I see all the great setups but I can't seem to get this 2:1 ratio of W/L
Any ideas?
I'm posting the trades I see between 11 and 16 GMT.
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  • #4,218
  • Jul 8, 2009 5:30pm Jul 8, 2009 5:30pm
Just thought I'd share this one with those of us in EST zone. Makes it easy to see when the market overlaps etc in the est...
Also I see that VQ is almost dead on Trix or slightly ahead in the 7 min time frames.
& I married Trend-magic with edge's template just to stay on topic....
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  • #4,219
  • Jul 8, 2009 5:43pm Jul 8, 2009 5:43pm
Quoting 45Fxguy
Just thought I'd share this one with those of us in EST zone. Makes it easy to see when the market overlaps etc in the est...
Also I see that VQ is almost dead on Trix or slightly ahead in the 7 min time frames.
& I married Trend-magic with edge's template just to stay on topic....
Here is a link to that forex hours indicator:
http://www.forexmarkethours.com/markethours.php

I believe there is also a version you can download and use from your desktop.
******************* I'd rather make money than be right.
  • #4,220
  • Jul 8, 2009 5:46pm Jul 8, 2009 5:46pm
Quoting Quantum4x
I like this system a lot, however it doesn't seem to work for me.
I see all the great setups but I can't seem to get this 2:1 ratio of W/L
Any ideas?
I'm posting the trades I see between 11 and 16 GMT.
I think your SL is too tight .. if it were -20 insted of -10 those 2 losing trades would have worked out.
From what I understood, Edge uses a 1:2 ratio whereas people are told it should be 1:1 or 2:1 .. but with the bigger SL he captures his 10 pips from nearly every trade.
******************* I'd rather make money than be right.
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