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Attachments: EUR/GBP Trendmagic System
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EUR/GBP Trendmagic System

  • #4,341
  • Jul 10, 2009 1:13am Jul 10, 2009 1:13am
We are approaching an exit very soon. That is if DMI 4 touches
the top bollinger band
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_trend_magic_13.gif Size: 17 KB
  • #4,342
  • Jul 10, 2009 1:27am Jul 10, 2009 1:27am
Quoting golden1
This one has the fixed, correct dmi calculations

Brian

Hello Golden,

I appreciate the DMI indicator. I really do appreciate it, however it won't let me overlay a Bollinger band over it.

See in the latest chart how to take a 30 or 35 pip win when the DMI 4
reverses and touches the top Bollinger band.

Nice and neat !!!
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_trend_magic_14.gif Size: 18 KB
  • #4,343
  • Jul 10, 2009 1:35am Jul 10, 2009 1:35am
Maxwell,

Interesting method - I was wondering how you approach the SL and TP question?. I guess you go for a fixed SL but TP looks more variable. A fixed TP would get you your +10 but take you out of longer runs.

How do you manage this?
  • #4,344
  • Jul 10, 2009 1:39am Jul 10, 2009 1:39am
Hi Maxwell. I am learning thanks to you
Can you tell me the rules for the 14 DMI?


sorry for my english.
  • #4,345
  • Jul 10, 2009 1:40am Jul 10, 2009 1:40am
What matters is what works... just offering what
I had as the fixed dmi to original math

Brian

Quoting maxwell-eqtn
Hello Golden,

I appreciate the DMI indicator. I really do appreciate it, however it won't let me overlay a Bollinger band over it.

See in the latest chart how to take a 30 or 35 pip win when the DMI 4
reverses and touches the top Bollinger band.

Nice and neat !!!
  • #4,346
  • Jul 10, 2009 1:44am Jul 10, 2009 1:44am
Let us see how this one goes. It may go for another 30 pips.
However, I recommend +ve10 pips win. I do not recommend
over trading. I am just doing this just because I wanna show
how to enter and exit
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_trend_magic_15.gif Size: 21 KB
  • #4,347
  • Jul 10, 2009 1:46am Jul 10, 2009 1:46am
Quoting Yidrasil
Maxwell,

Interesting method - I was wondering how you approach the SL and TP question?. I guess you go for a fixed SL but TP looks more variable. A fixed TP would get you your +10 but take you out of longer runs.

How do you manage this?

Go for 10 win and a stop loss of 10 + spread.

If you are going for more it is not recommended for beginners.
After mastering the system then I will show how to go for more than 10.
  • #4,348
  • Jul 10, 2009 1:50am Jul 10, 2009 1:50am
Quoting Pipsnator
Hi Maxwell. I am learning thanks to you
Can you tell me the rules for the 14 DMI?


sorry for my english.

I will tell you the rules later. It is very good for filtering low price action
trades when the market does not move.

Please be patient. I will reveal this later.

Thanks.
  • #4,349
  • Jul 10, 2009 1:55am Jul 10, 2009 1:55am
You are the expert on this system so want to ask you...
can you just use the 14 dmi with the bollinger overlay
instead and take fewer theoretically bigger potential
trades or you really need to use the 4 only with the
overlay and have the 14 on the bottom as a guide
to strength of potential move?

Brian

Quoting maxwell-eqtn
I will tell you the rules later. It is very good for filtering low price action
trades when the market does not move.

Please be patient. I will reveal this later.

Thanks.
  • #4,350
  • Jul 10, 2009 2:02am Jul 10, 2009 2:02am
Sure you can Golden

If you want bigger trades you can either use the DMI 4 on a higher time
frame. If you want 100pips win then use a higher time frame.

If wanna use the DMI 14 alone then I have to do a little tweaking with
the Bollinger band on it (that is the Bollinger band will be set at a different level).

See the new chart for another 30 pips (I did call this live)

How many pips do you like to go for.

I do not really like to sit and watch the screen. It sometimes takes only
10 mins to win two trades. Or in the morning sessions it takes sometimes
5mins to make 30 pips or even 100 pips. See what happened this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_trend_magic_16.gif Size: 21 KB
  • #4,351
  • Jul 10, 2009 2:08am Jul 10, 2009 2:08am
I am definitely interested in a twist for myself and I would love to share it back to you and the group if it might help anyone --- so yeah please
what do you suggest I try on the 5 min for the bollinger bands using
14 dmi instead?

honestly I dont like trading higher than 5 min tf.. 1 and 5 for the past two years for me
so want to stick to perfecting those.

thanks!

Brian

Quoting maxwell-eqtn
Sure you can Golden

If you want bigger trades you can either use the DMI 4 on a higher time
frame. If you want 100pips win then use a higher time frame.

If wanna use the DMI 14 alone then I have to do a little tweaking with
the Bollinger band on it (that is the Bollinger band will be set at a different level).

See the new chart for another 30 pips (I did call this live)

How many pips do you like to go for.

I do not really like to sit and watch the screen. It sometimes takes only
10 mins to win two trades. Or in the morning sessions it...
  • #4,352
  • Jul 10, 2009 2:16am Jul 10, 2009 2:16am
Just in case.. If anyone might be interested..some people
like dynamic colors, some don't. If you do, check out this osma
it also has a nice alert if you want to use it...depending
on what you are doing

Brian
Attached File(s)
File Type: ex4 OsMA_Color2Alert.ex4   5 KB | 544 downloads
File Type: mq4 OsMA_ColorHist_Alert.mq4   6 KB | 634 downloads
  • #4,353
  • Jul 10, 2009 2:17am Jul 10, 2009 2:17am
Hello Edge,

I am not sure if someone has asked this before, but here is a quick question: Do you ever re-enter a trade beofre the trix has crossed back over? For example, the Trix is under 0 and you have already made your 10 pips going short, then the candle crosses above the MA and then next bar crosses back down. Would you go back for more or wait?

Thanks again for all your contributions.
  • #4,354
  • Jul 10, 2009 2:20am Jul 10, 2009 2:20am
Quoting golden1
I am definitely interested in a twist for myself and I would love to share it back to you and the group if it might help anyone --- so yeah please
what do you suggest I try on the 5 min for the bollinger bands using
14 dmi instead?

honestly I dont like trading higher than 5 min tf.. 1 and 5 for the past two years for me
so want to stick to perfecting those.

thanks!

Brian

Golden please,

If you wanna trade the lower time frame for 100 pips then it will be quite
difficult and it will be of low probability man.

You want high propablity trades.
  • #4,355
  • Jul 10, 2009 2:23am Jul 10, 2009 2:23am
Quoting Dewey McG
Hello Edge,

I am not sure if someone has asked this before, but here is a quick question: Do you ever re-enter a trade beofre the trix has crossed back over? For example, the Trix is under 0 and you have already made your 10 pips going short, then the candle crosses above the MA and then next bar crosses back down. Would you go back for more or wait?

Thanks again for all your contributions.

Hello Dewey,

I believe Edge will not re-enter in this situation. Please correct me Edge if
I am wrong.
  • #4,356
  • Jul 10, 2009 2:23am Jul 10, 2009 2:23am
No just cherry picking..less trading more results...that
was not the intent.

Quoting maxwell-eqtn
Golden please,

If you wanna trade the lower time frame for 100 pips then it will be quite
difficult and it will be of low probability man.

You want high propablity trades.
  • #4,357
  • Jul 10, 2009 2:29am Jul 10, 2009 2:29am
Quoting golden1
I am definitely interested in a twist for myself and I would love to share it back to you and the group if it might help anyone --- so yeah please
what do you suggest I try on the 5 min for the bollinger bands using
14 dmi instead?

honestly I dont like trading higher than 5 min tf.. 1 and 5 for the past two years for me
so want to stick to perfecting those.

thanks!

Brian

OK Golden do you wanna try this ???

OK, wait for the DMI 14 to CROSS FIRST. Then take the trigger on the DMI 4 in the direction of the DMI 14. Do not close the trade until the DMI 14 crosses back. You can easily make 100 pips on a trending day like that. You will have to sit there and watch the screen all your life if you have the time to watch.

Let me know how it goes.
  • #4,358
  • Jul 10, 2009 2:37am Jul 10, 2009 2:37am
Quoting golden1
No just cherry picking..less trading more results...that
was not the intent.

Here is for you Golden. Do not Exit until all of DMI 14 are ALL in the Bollinger Bands.
That is what I meant to write on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: eur_jpy_trend_magic_17.gif Size: 17 KB
  • #4,359
  • Jul 10, 2009 4:10am Jul 10, 2009 4:10am
Quoting golden1
Just in case.. If anyone might be interested..some people
like dynamic colors, some don't. If you do, check out this osma
it also has a nice alert if you want to use it...depending
on what you are doing

Brian
Nice Golden1,
Appreciate your work on the indicators.
  • #4,360
  • Jul 10, 2009 4:24am Jul 10, 2009 4:24am
i like your system , i add non_lag_dot indi and I confirm entry 15TF and works
P.s what is your Sl?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: image001.jpg Size: 105 KB
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