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  • #121
  • Nov 9, 2009 6:34pm Nov 9, 2009 6:34pm
Actually, I thought about it logically. If magnum wanted me to post the indicator I wrote, He should have no problem with me posting what he said about his method in these public forums. so here is the info I have.
Attached File(s)
File Type: zip MagnumFreak.zip   1.5 MB | 1,183 downloads
  • #122
  • Edited 12:37am Nov 10, 2009 12:25am | Edited 12:37am
Quoting smjones
Ok magnum I will post the indi if you are ok with it. Here it is. This place arrows like magnums, but you must put your own MAs and MA levels on yourself. This also has an alert built in

I gave the copy right to magnum, because all I did was interpret his method in the indi
thanks SMJ for your effort, and thanks for the document, I have a similar document which I compiled since the start of this thread.
a question about your chart, when I applied the indicator to my chart it would not trigger long because the first candle was below the 89 ma, so when I changed to 144 ma both candles were above the line and it triggered. as you can see this was a massive move which I would have missed if I was relying solely on the indicator with MF setup. any thoughts? (I'm sorry I cannot post the chart right now but will do later).

Welcome back MF, I look forward to your modified entry using trendlines as I was using something similar with ichimoku.
  • #123
  • Nov 10, 2009 12:37am Nov 10, 2009 12:37am
I think it is working exactly as it is supposed to according to the rules that magnum had stated thus far. If you choose to change the rules, there are inputs to accommodate that. I am not making any claim or statement as to if that is advisable, just not magnum's method anymore.

Mine seemed to have caught it.
Attached Image (click to enlarge)
Click to Enlarge Name: magnum.jpg Size: 64 KB
  • #124
  • Nov 10, 2009 1:11am Nov 10, 2009 1:11am
Quoting smjones
I think it is working exactly as it is supposed to according to the rules that magnum had stated thus far. If you choose to change the rules, there are inputs to accommodate that. I am not making any claim or statement as to if that is advisable, just not magnum's method anymore.

Mine seemed to have caught it.
SMJ I am not suggesting to modify the rules and yes it is working as it is supposed to, I am still using MF's rule, I just wanted to point out that with different brokers the trigger may not be the same, mine did not trigger with MF's standard 89ma, so I just modified it to see why. I will post a chart to clarify when I can get home, because I am at work now and cannot use metatrader.
  • #125
  • Nov 10, 2009 1:18am Nov 10, 2009 1:18am
Quoting lbtrader
SMJ I am not suggesting to modify the rules and yes it is working as it is supposed to, I am still using MF's rule, I just wanted to point out that with different brokers the trigger may not be the same, mine did not trigger with MF's standard 89ma, so I just modified it to see why. I will post a chart to clarify when I can get home, because I am at work now and cannot use metatrader.
That would be good. perhaps I am not understanding what you are saying sometimes I can be a bit thick. LOL
  • #126
  • Nov 10, 2009 3:09am Nov 10, 2009 3:09am
Quoting smjones
That would be good. perhaps I am not understanding what you are saying sometimes I can be a bit thick. LOL
I attached all three charts, the first is yours, the second is my broker with 89ma tunnel, the third is with 144ma tunnel.
Attached Image (click to enlarge)
Click to Enlarge Name: magnum2.gif Size: 19 KB
  • #127
  • Nov 10, 2009 4:40am Nov 10, 2009 4:40am
Thank you, MF for this thread and also sharing your thoughts. I've been silently following and tonight I've taken my first trades. My aim is 3% per day. Day 1 = achieved. Thanks for the synopsis and templates, SM. Makes it so much easier for review.
  • #128
  • Nov 10, 2009 4:42am Nov 10, 2009 4:42am
Quoting lbtrader
I attached all three charts, the first is yours, the second is my broker with 89ma tunnel, the third is with 144ma tunnel.
I still don't get your point. I mean if you are saying that your price feed is different than IBFX, I agree. I don't know what to make of that info as I trade at IBFX. Good luck and change it to what ever you would like to I posted the source code also if you want to change it. I am not making any claim as to the effectiveness of this method, I only posted the indicator that magnum asked me to. If you have a question about the system, maybe magnum is the one to ask. BTW your price feed looks very suspicious with those large wicks.
  • #129
  • Nov 10, 2009 5:40am Nov 10, 2009 5:40am
Quoting smjones
I still don't get your point. I mean if you are saying that your price feed is different than IBFX, I agree. I don't know what to make of that info as I trade at IBFX. Good luck and change it to what ever you would like to I posted the source code also if you want to change it. I am not making any claim as to the effectiveness of this method, I only posted the indicator that magnum asked me to. If you have a question about the system, maybe magnum is the one to ask. BTW your price feed looks very suspicious with those large wicks.
SMJ, I am not trying to blame the indicator, my point was that with your broker the idicator triggered the long position, with my broker,it did not untill I used the 144ma tunnel (did u notice the missing arrow in the middle chart?).
that is not your problem my friend, it is entirely mine and thanks for the alert on the suspicious wicks, they are quite large now that I have compared them to ODL (makes me wonder if I have been f#$%ed up one time too many being stopped out by one of those large wicks in the past).
  • #130
  • Nov 10, 2009 5:50am Nov 10, 2009 5:50am
Quoting lbtrader
SMJ, I am not trying to blame the indicator, my point was that with your broker the idicator triggered the long position, with my broker,it did not untill I used the 144ma tunnel (did u notice the missing arrow in the middle chart?).
that is not your problem my friend, it is entirely mine and thanks for the alert on the suspicious wicks, they are quite large now that I have compared them to ODL (makes me wonder if I have been f#$%ed up one time too many being stopped out by one of those large wicks in the past).
I know you are not blaming. What I am trying to say and perhaps I am not very good at conveying it is that I don't know what to tell you about the difference in feeds. other than to say that they are. I wish I could be of more help. The indicator is triggered from the MA and a ratio of candle size. So I can understand that it would be different when the feeds are different.
  • #131
  • Nov 10, 2009 6:02am Nov 10, 2009 6:02am
One more thing as per Magnums rules, it is the body of the candles that is important, not the wicks.
  • #132
  • Nov 10, 2009 6:09am Nov 10, 2009 6:09am
Quoting smjones
One more thing as per Magnums rules, it is the body of the candles that is important, not the wicks.
thanks and have nice day.
  • #133
  • Nov 10, 2009 7:03am Nov 10, 2009 7:03am
Quoting smjones
Actually, I thought about it logically. If magnum wanted me to post the indicator I wrote, He should have no problem with me posting what he said about his method in these public forums. so here is the info I have.
I have read a lot of threads, but this one just caught my eye. If have read it and was thinking of putting all info together. You just saved me some work. Thanks for a job well done.

I have set up a demo according to the rules, and have been giving it a go. I know it is outside the tradinghours of MF, but I just wanted to get a feel for the system.

Amazing, just got a quick 12 pips. This was just basically through my too tight trailing stop. I still have to work on that, but I will take 12 pips any day.

Fantastic system. I have my homework cut of for me!!

regards,

DK
Sleep less, live fast, as it aint gonna last
  • #134
  • Nov 10, 2009 7:58am Nov 10, 2009 7:58am
Just had two other trades: E/U & G/U. Both winners, small winners, but winners. in total another 10 pips in the pocket. Now I just have to learn to exit well.

DK.
Sleep less, live fast, as it aint gonna last
  • #135
  • Nov 10, 2009 9:16am Nov 10, 2009 9:16am
another E/U trade: + 7. Today up 29 pips. It's demo, but this way at least I know its working and I can have the patience, focus and idscipline to make this work.

DK
Sleep less, live fast, as it aint gonna last
  • #136
  • Nov 10, 2009 10:04am Nov 10, 2009 10:04am
E/U: + 10 pips = total for the day: 39 pips.

I have decided to focus on the E/U, in order to know the currency better.

Now it is time to study this system some more!!.

DK
Sleep less, live fast, as it aint gonna last
  • #137
  • Nov 10, 2009 10:40am Nov 10, 2009 10:40am
Quoting smjones
Actually, I thought about it logically. If magnum wanted me to post the indicator I wrote, He should have no problem with me posting what he said about his method in these public forums. so here is the info I have.
Hi SM,
Thanks for the .zip On pages 4 & 8 of the pdf the MAs are shown with the two yellow level lines outside of the blue & white lines. On my chart the yellow lines fall inside the White & Blue lines; Have I done something wrong with the MA settings?

Cheers,

Mike
  • #138
  • Nov 10, 2009 1:11pm Nov 10, 2009 1:11pm
Quoting blott
Hi SM,
Thanks for the .zip On pages 4 & 8 of the pdf the MAs are shown with the two yellow level lines outside of the blue & white lines. On my chart the yellow lines fall inside the White & Blue lines; Have I done something wrong with the MA settings?

Cheers,

Mike
Yes you have. Use my template and find out how it is suppose to be.
  • #139
  • Nov 10, 2009 1:39pm Nov 10, 2009 1:39pm
Quoting blott
Hi SM,
Thanks for the .zip On pages 4 & 8 of the pdf the MAs are shown with the two yellow level lines outside of the blue & white lines. On my chart the yellow lines fall inside the White & Blue lines; Have I done something wrong with the MA settings?

Cheers,

Mike
your broker has 5 digit. Change the levels to -200 and 200 instead -20 and 20.
  • #140
  • Nov 10, 2009 2:28pm Nov 10, 2009 2:28pm
Quoting giraia_br
your broker has 5 digit. Change the levels to -200 and 200 instead -20 and 20.
Yes this is true. My indicator automatically adjusts for this and sets the levels right for the arrow drawing. I had not thought about the MAs, because they are the stock ones included in the Metatrader pkg.
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