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EUR/GBP Trendmagic System

  • #4,261
  • Edited 10:43am Jul 9, 2009 8:33am | Edited 10:43am
Here is my current setup showing a recent trade.
The vertical dotted line marks the entry point.
Stop-Loss (SL) was set at -20 pips.
Take Profit (TP) was set at +20 pips.
Duration of trade was 4 minutes.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_usd_8-july-2009.gif Size: 19 KB
  • #4,262
  • Jul 9, 2009 8:41am Jul 9, 2009 8:41am
Quoting f4mnect
In backtesting i'm sure it is. Live will be a whole different story. Those entries are not going to be the same or easy to get when things are moving. "K.I.S.S."
Good luck with that set up and I hope you do well with it.

Those trades I put there were live buddy.
I have tested both live and back words and had thesame results.
Just have to enter at the proper candle.
  • #4,263
  • Jul 9, 2009 8:43am Jul 9, 2009 8:43am
Cool good luck with that


Quoting maxwell-eqtn
Those trades I put there were live buddy.
I have tested both live and back words and had thesame results.
Just have to enter at the proper candle.
  • #4,264
  • Jul 9, 2009 8:43am Jul 9, 2009 8:43am
Quoting stunna29
Hey maxwell, can you or anyone else post that trix indi on your chart that turns from green to black..Thanks alot.

Here you go
Attached File(s)
File Type: mq4 smTRIX.mq4   5 KB | 750 downloads
  • #4,265
  • Jul 9, 2009 8:45am Jul 9, 2009 8:45am
Quoting eagle85
Here is my current setup showing a recent trade.
The vertical dotted line was the entry point.
Stop-Loss (SL) was set at -20 pips.
Take Profit (TP) was set at +20 pips.
Duration of trade was 4 minutes.

What are the settings on your Moving Averages and what type
are you using?
  • #4,266
  • Jul 9, 2009 8:52am Jul 9, 2009 8:52am
Some really nice looking charts are being posted with a few different combinations of indi's that are serving many traders well.

As Paulus and others have mentioned before, the plethora of indi's available are more than adequate to serve any traders needs. Just find a set that provides you a comfort zone and wail away.

Sure, there are going to be losers. Toughest aspect of trading is to absorb them with little emotion (imho). If scalping, it is naturally a 'probability' game and you are simply looking for a decent w/l ratio.

For those who like swing trading, there are plenty of indi's in the thread to suffice for that methodology also. Among the best are Paul's original TM indi. Is proven VERY effective in keeping a trader in a trend when they appear.

I believe that this is still nothing more than a 'primer' and 'trigger' that a trader can form a bond with. You have to develop faith in your plan above all else and trade it appropriately.

Good to see a few really getting locked in on a methodology though.

Regards.
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  • #4,267
  • Jul 9, 2009 8:55am Jul 9, 2009 8:55am
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]
....
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  • #4,268
  • Jul 9, 2009 9:01am Jul 9, 2009 9:01am
Quoting Edgetrader
I trade the TS8 platform personally.

Use script strategy including color coded candles (5M) and Renko charts (0.0005 setting) that are overlayed and based upon a 3/8 MA cross as my primer.

Use base Trix histogram with setting of 3-4 dependent upon pair traded.

Have price oscillation set at 4 in order to gage depth of PA oscillation to assist in measuring swing trough size. Need at least 17-22 pip troughs dependent upon pair to be effective. Larger spread needs larger trough.

Plan is very dependent on trading time as is any plan I set forth....
Thanks!
  • #4,269
  • Jul 9, 2009 9:03am Jul 9, 2009 9:03am
Here is another.

Folks should I stop trading for the day or what !!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_trend_magic_3.gif Size: 19 KB
  • #4,270
  • Jul 9, 2009 9:05am Jul 9, 2009 9:05am
Quoting maxwell-eqtn
What are the settings on your Moving Averages and what type
are you using?
Looks pretty close to a 14 WMA, maybe a 12. Just a guess. If used as a primer either works fine though.
  • #4,271
  • Jul 9, 2009 9:06am Jul 9, 2009 9:06am
[quote=maxwell-eqtn;2862481]Here is another.

Folks should I stop trading for the day or what !!!!![/quote]

Depends. What are your trading goals?
  • #4,272
  • Jul 9, 2009 9:10am Jul 9, 2009 9:10am
Quoting maxwell-eqtn
Here is another.

Folks should I stop trading for the day or what !!!!!
Can you explain your rules?
  • #4,273
  • Jul 9, 2009 9:11am Jul 9, 2009 9:11am
Edge, look This is what systems are doing I see your no different.
I mean time the signal turns, it's already too late and time to
take a profit.. See what I mean?

here is the screens:
Attached Image(s) (click to enlarge)
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Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,274
  • Jul 9, 2009 9:15am Jul 9, 2009 9:15am
Quoting maxwell-eqtn
Here is another.

Folks should I stop trading for the day or what !!!!!

Would You post some better explanation of Youre system? How You determine Entry points, what indicators you use and what is the role of them. Thanks in advance and have a nice pips.
  • #4,275
  • Jul 9, 2009 9:16am Jul 9, 2009 9:16am
[quote=Edgetrader;2862497]
Quoting maxwell-eqtn
Here is another.

Folks should I stop trading for the day or what !!!!![/quote]

Depends. What are your trading goals?

Yes Edge,

I need a system that has at least a success ratio of
6 wins and 4 losses, that is a probability of 6/10, in other words 60% success. With this my plan is 20 pips a day.

However, it appears that this system has a much much more better
success ratio. I have had about 7 or 8 trades this morning (it has only been 2 hrs) and lossed only one......wow !!
  • #4,276
  • Jul 9, 2009 9:16am Jul 9, 2009 9:16am
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  • #4,277
  • Jul 9, 2009 9:22am Jul 9, 2009 9:22am
Quoting gutek04
Would You post some better explanation of Youre system? How You determine Entry points, what indicators you use and what is the role of them. Thanks in advance and have a nice pips.

Guys I will explain.

Give me some time guys. I will make up a clean chart and explain later on in the day. Be patient.

You guys notice that is has a very good exit stratedy. You should not loss more than 10 pips + spread
  • #4,278
  • Jul 9, 2009 9:29am Jul 9, 2009 9:29am
Quoting leledc
Hey, man would you post your indis and template to play
with your setup? Thanks.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #4,279
  • Jul 9, 2009 10:07am Jul 9, 2009 10:07am
Quoting maxwell-eqtn
Here you go

hi maxwell


this indicator can not display on my mt4, why????
  • #4,280
  • Jul 9, 2009 10:17am Jul 9, 2009 10:17am
Quoting wwp726
hi maxwell


this indicator can not display on my mt4, why????

I do not know what is wrong.

Please click on the paper clip on the top right hand corner of this Forum.
See at page 1, the SMTRIX indicaor is there to download.

I hope this helps.
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