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

  • #4,601
  • Jul 24, 2010 12:58pm Jul 24, 2010 12:58pm
Quoting bug
A few posts back, I promised to unveil my findings about the indicators presented on this thread. .
Bug

many thanks for this post and believe me when i say I know how long this info took you to compile as well as write

Alot of this type of work goes on behind the scenes and ends up as a few lines of conclusion ..the reader doesn't realise just how much time consuming work it takes

It a good read and well worth the time you taken..

many thanks

Paulus
  • #4,602
  • Jul 24, 2010 1:03pm Jul 24, 2010 1:03pm
Quoting nisha4x
Just a brief info about using pivots, if you are using 5 min time frame, do add weekly and monthly pivots also as they act as very strong support and resistance.

Usually 80% of the time, if in a downtrend, once price is below Daily Pivot, it goes to S1 - 90% of the times, to S2 - 60% of the time and S3 - 25% of the time. This is what i have noticed in general. its vice versa for uptrend.

Wherever you get a daily pivot and weekly or monthly pivot overlap,price stalls and reverses from those points very hard, so keep a eye.

Thats it from me,...
Interesting 2 post Nisha

I have never used pivots but have 0 and 00 levels set on my charts for another trade signal that I take..0 and 00 are phycological level I have an ind called round numbers that automaticaly puts the 0 00 lines on

Can you post your PP indy please

Thanks

paulus
  • #4,603
  • Jul 24, 2010 1:15pm Jul 24, 2010 1:15pm
HI paulus

if you are using the 5 min tf, then set the weekly and monthly SR to False or you will have too many lines on the chart.

However,if you are using 4hr and higher charts, then keep the weekly SR and monthly SR as price respects them a lot.

Attached is the pivot indy, you can play with the settings, i usually keep the Sunday pivot option to false. Also attached is my settings screenshot.

nisha

Quoting Paulus
Interesting 2 post Nisha

I have never used pivots but have 0 and 00 levels set on my charts for another trade signal that I take..0 and 00 are phycological level I have an ind called round numbers that automaticaly puts the 0 00 lines on

Can you post your PP indy please

Thanks

paulus
Attached Image
Attached File(s)
File Type: mq4 ###Auto Pivot2.mq4   16 KB | 484 downloads
Trend is your friend...
  • #4,604
  • Jul 24, 2010 1:25pm Jul 24, 2010 1:25pm
Hi

I have taken EURUSD on a daily time frame and checked signal going back to Jan1st 2010

Signals are as follows

+210+920+45-145+580-165+18+360+1,100 = 2923 pips

and long from 1.2619 with the stop loss at 1.2569

a good return from a mechanical system

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: daily example.gif Size: 39 KB
  • #4,605
  • Jul 24, 2010 3:54pm Jul 24, 2010 3:54pm
Quoting ozmacca
This post and your previous post sounds exactly like what I am after, the UK opening time frame suits us here in Australia and I also like to chase 15-25 pips a day.

Could you please post some example charts showing entries and exits using trix and TM combination.

Also are you trading EURUSD or other pairs?

Thanks
I trade EU London time 5m strictly. Just my preference. Here's 2 examples of how I use Trix and TM. I use MT4 Demo for my charting and FXCM Trading Station for my account. 1st trade long, buy after close 2nd candle. Trix on 0 line with signal candle and moving up.

2nd trade short, buy close signal candle, Trix already up past 0 line.

That's all I use Trix for, entries. I presently use a 10pip sl inc.spread, EU about 2.5pips, investment .50 I look for 10-20 pips per trade and done per day w/20+. If I get to 15 don't let it go below 10, 20/15, 25/20 etc. Many days done in an hour. A few days had to trade NY time. I like 17:00-20:00 London.

At this point all I'm looking for is consistency. My win loss is very good. Just do a look back in the chart. I started out w/other methods investing .10 and too often stopped out after gaining 10-15pips. Such a pittance it could put one in a coma or on Valium. I figured if I could make 7-15 pips regularly invest more careful with management w/sl's voila. My next step will be Paulus sl mechanical method. Right now I'm too relaxed and I don't quite have the time for the whole London Market time.

This Trendmagic is good enough to trade without indicators. The charts with the Rainbow colors and California Freeway lines are pretty though. If your Einstein and can pull a trigger the likes of Roy Rogers go for it.

Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-07-24_16-12_FXCM MT4 powered.jpg Size: 128 KB
  • #4,606
  • Jul 24, 2010 4:57pm Jul 24, 2010 4:57pm
Quoting dforant1
I trade EU London time 5m strictly. Just my preference. Here's 2 examples of how I use Trix and TM. I use MT4 Demo for my charting and FXCM Trading Station for my account. 1st trade long, buy after close 2nd candle. Trix on 0 line with signal candle and moving up.

.

Hmm looks interesting can you post the Trix please

Thanks

P
  • #4,607
  • Jul 24, 2010 5:11pm Jul 24, 2010 5:11pm
Quoting Paulus
Hmm looks interesting can you post the Trix please

Thanks

P
3.0 for histogram, 3.1 for line
Attached File(s)
File Type: mq4 TRIX.mq4   5 KB | 615 downloads
  • #4,608
  • Jul 24, 2010 5:17pm Jul 24, 2010 5:17pm
http://dl.dropbox.com/u/3525652/Foto/audusd.gif

Attached File(s)
File Type: zip TM_DC_ECT.ZIP   70 KB | 728 downloads
  • #4,609
  • Jul 24, 2010 7:08pm Jul 24, 2010 7:08pm
Thanks Dforant1,

I will spend some time looking at past days to learn what you are doing.

Your info is very helpful
Money grows on the tree of persistence
  • #4,610
  • Jul 25, 2010 1:52am Jul 25, 2010 1:52am
Quoting jedilovag
http://dl.dropbox.com/u/3525652/Foto/audusd.gif
Hi !
I think that, first to post something you have to test. None need to lose time.

Thank you
  • #4,611
  • Jul 25, 2010 3:43am Jul 25, 2010 3:43am
Hi jedilovag

Ive not un zipped your file yet but looking at the arrow placement it seems they will move position until the exact hi or low of a swing is found..

You cannot trade in that manner from such arrows

you take a long... price moves down the arrow disappears and appears at a low further down..leaving you sucking your thumb

You could use these arrows though to help show swing hi swing low of moves in the past because once an arrow has an arrow placed in front of it ..it wont move

In fact we could use the arrow to pin point the swing low/high for the 1st SL placement of a signal...would be great if some one could take the indicator and turn the arrow into a line

Thanks for the 1st post on FF

Paulus
  • #4,612
  • Jul 25, 2010 4:26am Jul 25, 2010 4:26am
Is there any one capable of making the arrows on this ZigZag pointer into a horizontal line 2cm long ?

It may well be useful for pin pointing swing hi lo for the initail stop loss placement

regards

Paul
Attached File(s)
File Type: ex4 ZigZag Pointer.ex4   4 KB | 377 downloads
File Type: mq4 ZigZag Pointer.mq4   4 KB | 407 downloads
  • #4,613
  • Jul 25, 2010 6:55am Jul 25, 2010 6:55am
Thanks your comment!
It’s not complette strategy. This system not being in the business, this there is a proposal under testing yet only.
http://dl.dropbox.com/u/3525652/Foto/audusd1.gif
  • #4,614
  • Jul 25, 2010 11:43am Jul 25, 2010 11:43am
Quoting jedilovag
Thanks your comment!
It’s not complette strategy. This system not being in the business, this there is a proposal under testing yet only.
http://dl.dropbox.com/u/3525652/Foto/audusd1.gif
I trade the TM this way but add a super filter EMA and aim for 50-100 pips on the 30mins. tf. EU and EG only. signals are taken after close of candle...its a very good system
God's Love For You Is Sure Never You Doubt It
  • #4,615
  • Jul 25, 2010 2:43pm Jul 25, 2010 2:43pm
Trix helps me time my entry because of the tight stops I use. I would stop out more often. I only use Trix for entry. I disregard the arrows also. I could fade them out but they give sort of an announcement of what's may be coming.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-07-25_15-33_FXCM MT4 powered.jpg Size: 127 KB
  • #4,616
  • Jul 26, 2010 1:07am Jul 26, 2010 1:07am
Example of trades

1 hour before London open so none of these were taken but shows the principle

when TM moves down at a slope and is fixed there by the candle closing you would move your stop to the next lower horizontal line

If not were stopped out for around 5 pips

P
Attached Image (click to enlarge)
Click to Enlarge Name: early.gif Size: 29 KB
  • #4,617
  • Jul 26, 2010 2:48pm Jul 26, 2010 2:48pm
Hi
my vacation got preponed, so i will be off for the summer holidays for a month, see u guys back in September

have fun trading and make tons of pips

nisha
Trend is your friend...
  • #4,618
  • Jul 26, 2010 4:58pm Jul 26, 2010 4:58pm
enjoy !!

Up and down here conclusion after quite a few trades

EURUSD +20
EURGBP +19

P
  • #4,619
  • Jul 26, 2010 7:12pm Jul 26, 2010 7:12pm
Quoting Paulus
Is there any one capable of making the arrows on this ZigZag pointer into a horizontal line 2cm long ?

It may well be useful for pin pointing swing hi lo for the initail stop loss placement

regards

Paul

Been learning some mql4 lately but can't quite do what your asking for here yet, not as easy as it first looks, but think this indi maybe used for the same purpose, it may offer tighter SLs too.
Attached Image (click to enlarge)
Click to Enlarge Name: zigzag points with fractal s & r lines.gif Size: 20 KB
Attached File(s)
File Type: mq4 Support and Resistance (Barry).mq4   2 KB | 596 downloads
  • #4,620
  • Jul 27, 2010 12:25am Jul 27, 2010 12:25am
Hi 45

Thats great works fine

One thing .... any chance of making each line only 6 dots long each

Other wise does the job and shows swing lo hi

thanks for the time spent...

P
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