EUR/GBP Trendmagic System | Page 239 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

TrendMagic Channel 2 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

If you buy gbp/usd and sell eur/usd, is that the same as being short eur/gbp? 1 reply

Pair selection when using Trendmagic System 0 replies

Attachments: EUR/GBP Trendmagic System
Exit Attachments

EUR/GBP Trendmagic System

  • #4,761
  • Aug 11, 2010 4:32am Aug 11, 2010 4:32am
Quoting david4u
Hi Soondoock
Great Trade
I am learning this method .
I have a question :
When price was at "a" ...the SL was not supposed to be at "b" level , not the current , but the previous horizontal TM line ?
Sometimes I feel we need to give PA some more space to develop...but we have rules ...
so I don't know what is the right option...
If the current horizontal line is level "0" , so instead of placing SL at "-1" level (previous horizontal line) , may be we should consider to place SL at "-2" , if the distance between "-1" to "-2"...
Hi David,
I agree with you, If I would you sliding SL according to TM flat lines I would be stoped out. But the other way to manage your trades is to use TM color change. Also PA was not huge, so at that point (b) I did not moves my SL, it was 16 pips, so I just waited till the profit was equal to my sl and began to move it.

The main thing in trading, I think, is to stop "copy" someone, trade your own way. System has basic rules and they are a good triggers for your trades. The rest is experience, not some ones but yours.
I am also waiting for Paulus comments and his Daily trade on EU.

Think Positive!
The Road appears under the steps of walking men...
  • #4,762
  • Aug 11, 2010 8:22am Aug 11, 2010 8:22am
Quoting rossobonks

So if there is anyone out there who has got one or could add one into this great indicator I think it would be a great benefit for us all.

Regards
D
I'm not accurate understood what you want to add to this indi. If some kind of sound, text-and-sound or e-mail alert, it's easy to add it. We have an alert() or PlaySound() function. With e-mail alert is problem in the MT, a ninjaTrader allows it, maybe too in an MT, but this feature I don't know.
If you want, please tell me precisely what exactly you need, I'll try to code it for you


To anyone who waits for an EA. Please be patient, it is not so easy as it looks, it needs tons of hours hard working on it. I'm doing as much as my (and Paulus') time allows , when we spawn something usable, a compiled (not a code) version I'll public . Patience does a traders..
Do you want an EA for your own profitable system? E-mail or PM me.
  • #4,763
  • Aug 11, 2010 8:55am Aug 11, 2010 8:55am
Quoting Horrigan


To anyone who waits for an EA. Please be patient, it is not so easy as it looks, it needs tons of hours hard working on it. I'm doing as much as my (and Paulus') time allows , when we spawn something usable, a compiled (not a code) version I'll public . Patience does a traders..
The fact that you and Paulus are working on an EA for this is awesome. This is a great system.
  • #4,764
  • Aug 11, 2010 9:01am Aug 11, 2010 9:01am
Quoting Horrigan
I'm not accurate understood what you want to add to this indi. If some kind of sound, text-and-sound or e-mail alert, it's easy to add it. We have an alert() or PlaySound() function. With e-mail alert is problem in the MT, a ninjaTrader allows it, maybe too in an MT, but this feature I don't know.
If you want, please tell me precisely what exactly you need, I'll try to code it for you


To anyone who waits for an EA. Please be patient, it is not so easy as it looks, it needs tons of hours hard working on it. I'm doing as much as my (and Paulus')...
Hi Horrigan,
I think rossobonks talked about color change alert. meaning that when bar closed and BB_MACD_CCT change color from red to blue or opposite there will be sound notification.
The Road appears under the steps of walking men...
  • #4,765
  • Aug 11, 2010 9:15am Aug 11, 2010 9:15am
To soondoock:
Yes, I'm sorry, but I have long wires today. When I readed it third, I understood it. I'm coding it now, i think about few minutes I'll public it
Do you want an EA for your own profitable system? E-mail or PM me.
  • #4,766
  • Aug 11, 2010 9:23am Aug 11, 2010 9:23am
Nice guys...

This really is a great simple system. An alert on the BBMACD colour change really will reduce the amount of screentime required. Obviously there are going to be some false`s but hasnt every system. Afterall the holy grail is yourself and not your strategy. If you could also add an email alert that would be fantastic.

Thanks loads

Dave
  • #4,767
  • Edited 9:58am Aug 11, 2010 9:45am | Edited 9:58am
Guys (and chicks, if are here),
here is your indi. It can do more than you expected: Rings an alert, but it can repeat it how much you want and in the interval as you want. It can be disabled too, of course. For managing the alert is to use last three (new) variables to indicator's settings. Variables's names tells you all the important Enjoy it.

Note: when will be here increased demand of this stuff, can ask Paulus to add it on the first page (indicator behaves as old one, but it can get a different (Loudly ) behavior

Please, when you encounter some problem with it, do not hesitate to tell me about it, I'll look what's wrong and (maybe) fix it.
Regards, Ivan

Technical Note: do not let it ring more than one minute, on that the change has been met, I manage it by server's seconds, when it ring more than minute, I'm not be respond for behavior of alert (probably it will "shoot" all its iterations at the same time). Simply multiple both numeric variables and do not let it exceed 60... I think that more-than-minute ringing is more annoying than useful
Attached File(s)
File Type: ex4 BB_MACD_CCT_alert.ex4   6 KB | 507 downloads
Do you want an EA for your own profitable system? E-mail or PM me.
  • #4,768
  • Aug 11, 2010 9:54am Aug 11, 2010 9:54am
Hello to everyone I am new to this world and hope to get some success in it
I can't open a new thread at the moment reason why I posted in this topic as it talks about eur/GBP which is what I am interested in.

First of all I do not have much funds, I have only Euro 500.
I was going to convert them in pounds and was looking for the best prices and came along sites talking about exhanges etc which made me want to know more.
From the little I know, in this field is possible to get profits but is very unpredictable reason why the need to be careful is compulsory.

I know I don't have much funds to work with but I thought this website will provide me a solution to work with it as well as I am not looking for a huge profit but just to get some little profit bit by bit and understand the procedure during this unstable journey.

So what is the way to do forex trading? Do I still use companies such as Interchange FX, best foreign Exchange etc, or it works differently?

Not expecting to have detailed answer as I know there is alot to say about it but would appreciate some links ,tutorial and names to know what I have to do to set up everything and start the journey.

Thank you in advance
  • #4,769
  • Aug 11, 2010 10:37am Aug 11, 2010 10:37am
Quoting Horrigan
Guys (and chicks, if are here),
here is your indi. It can do more than you expected: Rings an alert, but it can repeat it how much you want and in the interval as you want. It can be disabled too, of course. For managing the alert is to use last three (new) variables to indicator's settings. Variables's names tells you all the important Enjoy it.

Note: when will be here increased demand of this stuff, can ask Paulus to add it on the first page (indicator behaves as old one, but it can get a different (Loudly ) behavior

Please, when...
Nice work Ivan. Ive dropped it onto the 1min chart to get things going and check it out.

Thanks alot

Dave
  • #4,770
  • Aug 11, 2010 10:45am Aug 11, 2010 10:45am
Quoting Cpu2007
Hello to everyone I am new to this world and hope to get some success in it
I can't open a new thread at the moment reason why I posted in this topic as it talks about eur/GBP which is what I am interested in.

First of all I do not have much funds, I have only Euro 500.
I was going to convert them in pounds and was looking for the best prices and came along sites talking about exhanges etc which made me want to know more.
From the little I know, in this field is possible to get profits but is very unpredictable reason why the need to be careful...
Hi Cpu,
Money are money. It does not matter how much funds you have, but the way you trade does. Your MM is 60% of success. I think if you will trade 0.01 lot (10cents per tick). You can train yourself and check the system live. And as for me It does not really matter whether you have 500 euro or 415 pounds, you can trade both.

Back to trades.
Today I managed to try EUR/GBP in action. Always skipped this pair because of weird behaviour. So As I did not take EU trade today because of no retracement for re-enter (TM change color from red to blue and reenter on second change from blue to red) I found opportunity with EG. Here is the chart total pips is only 35, but that is because I just had no more time to manage the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: chrt2.gif Size: 27 KB


Think Positive!
The Road appears under the steps of walking men...
  • #4,771
  • Aug 11, 2010 10:47am Aug 11, 2010 10:47am
Ivan

Works a treat so far thank you so much.

Is it at all possible you could add a send email too onto the BBMACD alerter? This would make especially handy for trading the longer TF using this strat.

Thanks again for all your help.

Kind Regards
Dave
  • #4,772
  • Aug 11, 2010 10:58am Aug 11, 2010 10:58am
Quoting Soondoock
Hi Cpu,
Money are money. It does not matter how much funds you have, but the way you trade does. Your MM is 60% of success. I think if you will trade 0.01 lot (10cents per tick). You can train yourself and check the system live. And as for me It does not really matter whether you have 500 euro or 415 pounds, you can trade both.

Back to trades.
Today I managed to try EUR/GBP in action. Always skipped this pair because of weird behaviour. So As I did not take EU trade today because of no retracement for re-enter (TM change color from red to blue...
Thank you very much , your reply gave me some further motivation but the part where you explained me about the trading confused me alot, but this is not because of you ,it's just that I am not familiar with words such as MM,10cent per tick,sl,eg.
So can I kindly ask you to tell me where I can find definition for these words,acronyms?
It looks like from what you said and the chart that trading is done like in very short periods too,like days or hour,I just want to know where I put my fund in order to work with it?
I mean who do I have to give the money in order to work with it instantly and see the results as having cash in my hands won't do anything.
what are the website yo check currency strenght live?
thank you again
  • #4,773
  • Aug 11, 2010 11:01am Aug 11, 2010 11:01am
Quoting rossobonks
Ivan

Works a treat so far thank you so much.

Is it at all possible you could add a send email too onto the BBMACD alerter? This would make especially handy for trading the longer TF using this strat.

Thanks again for all your help.

Kind Regards
Dave
As I wrote, I'm sure that the NinjaTrader this feature allows (and where I using it too). But, I'm not sure that is this feature in the metatrader too.If yes, how I code it, and how the user may use it. Only think which I can do for you is that I look to the documentation, search something about it here in the forum (then using Google) and try to write for you something what will works.
So, don't surrender, I will work on it, but because an email alert in the MT is a new thing for me, it will take some more extra time. When (if) will be done, when I will be able to tell you (and anybody else) how it works and how set-up your indi and platform, I'll public it. Is it sufficient at current time? Must be, I cannot do more now
Do you want an EA for your own profitable system? E-mail or PM me.
  • #4,774
  • Aug 11, 2010 11:21am Aug 11, 2010 11:21am
Quoting Horrigan
As I wrote, I'm sure that the NinjaTrader this feature allows (and where I using it too). But, I'm not sure that is this feature in the metatrader too.If yes, how I code it, and how the user may use it. Only think which I can do for you is that I look to the documentation, search something about it here in the forum (then using Google) and try to write for you something what will works.
So, don't surrender, I will work on it, but because an email alert in the MT is a new thing for me, it will take some more extra time. When (if) will be done,...
Try something like this:

Inserted Code
double lastclose=Close[0];
  if(lastclose<my_signal)
    SendMail("from your expert", "something turning down "+DoubleToStr(lastclose,Digits));

And then enable this:
Attached Image (click to enlarge)
Click to Enlarge Name: email.png Size: 42 KB
  • #4,775
  • Aug 11, 2010 11:22am Aug 11, 2010 11:22am
Quoting david4u
Hi Soondoock
Great Trade
I am learning this method .
I have a question :
When price was at "a" ...the SL was not supposed to be at "b" level , not the current , but the previous horizontal TM line ?
Sometimes I feel we need to give PA some more space to develop...but we have rules ...
so I don't know what is the right option...
If the current horizontal line is level "0" , so instead of placing SL at "-1" level (previous horizontal line) , may be we should consider to place SL at "-2" , if the distance between "-1" to "-2"...
Yes stop out at B would of happened as per rules and the 10pip min distance makes sense and I have looked at this before but come to no conclusion..
sorry

P
  • #4,776
  • Aug 11, 2010 11:30am Aug 11, 2010 11:30am
No 5min signal today due to TM being red all the way..at times like this the temptation is to dabble but I leave well alone and luckily had the 1min running as well

New 4 hour signal given currently up 200 odd pips

Daily stopped out for 338 pips

cheers

P
Attached Image(s) (click to enlarge)
Click to Enlarge Name: new 4 hour.gif Size: 24 KB
Click to Enlarge Name: daily stopped.gif Size: 26 KB
  • #4,777
  • Aug 11, 2010 12:36pm Aug 11, 2010 12:36pm
Thanks angus a lot, it was helped me

So, here it is with the instruction to send an e-mail

don't forget to right set your email setting in MT (Tools, options, Email). Now I trying it, but isn't works yet. But I'm sure that it'll come...

Regards, I
Attached File(s)
File Type: ex4 BB_MACD_CCT_alert_mail.ex4   6 KB | 459 downloads
Do you want an EA for your own profitable system? E-mail or PM me.
  • #4,778
  • Aug 11, 2010 12:52pm Aug 11, 2010 12:52pm
I am getting many times this strange behaviour and I need to refresh or like re-insall the ind again ...to get a clean chart .
Any ideas how to fix it ?
Tks
Attached Image (click to enlarge)
Click to Enlarge Name: strange.jpg Size: 85 KB
  • #4,779
  • Aug 11, 2010 1:06pm Aug 11, 2010 1:06pm
just double click on TM to bring up properties box and then just close box TM will adjust

P
  • #4,780
  • Aug 11, 2010 1:13pm Aug 11, 2010 1:13pm
Tks P
That is what I do all the time I see that ...
may be someone can fix this bug ?
Tks
David

Quoting Paulus
just double click on TM to bring up properties box and then just close box TM will adjust

P
2 traders viewing now