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Part 2 EURUSD Trend magic System

  • #261
  • Nov 21, 2010 3:50pm Nov 21, 2010 3:50pm
The very first post says it very concisely...

"I found and used a combination of 2 indicators BB MACD and Trend Magic ( TM).BBMACD was used for gauging of the trend i.e. up or down and the TM was used for entry and stop loss"

It's not any more complicated than this.

It might be productive to post some trades in real time....and folks could comment. This approach works on other pairs and other timeframes....

Cheers
CanuckCT
  • #262
  • Nov 21, 2010 3:51pm Nov 21, 2010 3:51pm
Thank you very much, CanuckCT. However, what confuses me is the 3rd indicator that you have on your chart. Is that MACD? Thanks again.

Antonio


Quoting CanuckCT
The very first post says it very concisely...

"I found and used a combination of 2 indicators BB MACD and Trend Magic ( TM).BBMACD was used for gauging of the trend i.e. up or down and the TM was used for entry and stop loss"

It's not any more complicated than this.

It might be productive to post some trades in real time....and folks could comment. This approach works on other pairs and other timeframes....

Cheers
CanuckCT
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  • #263
  • Nov 21, 2010 3:59pm Nov 21, 2010 3:59pm
You have obviously not read this thread....and it's only a few hundred posts. I've already posted a link to this, it's discussed on the first post, and is in the predecessor thread.
Cheers
CanuckCT

Quoting antonioforex
Thank you very much, CanuckCT. However, what confuses me is the 3rd indicator that you have on your chart. Is that MACD? Thanks again.

Antonio
  • #264
  • Nov 21, 2010 4:56pm Nov 21, 2010 4:56pm
Found it. I was talking about MACD_SMA. Thanks.
Attached Image
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  • #265
  • Nov 21, 2010 5:46pm Nov 21, 2010 5:46pm
It is a very simple and effective system. As indicator systems go this is less stressful than most as it provides entries and exits mechanically. I will only use the three inidicators ie price action, supertrend and bb macd combinded with my s/r levels. They all fit very nicely.

Thanks to the guy who created the thread :-)
  • #266
  • Nov 21, 2010 8:09pm Nov 21, 2010 8:09pm
Quoting cce
Evaluator,
This looks interesting...Loaded it on to chart with the
Trendmagic/Supertrend indies...seems to be acurate on all TF's...
I put the color to None for the #1 and left the others unchanged...attached is 15m trade I have on the USD/CAD showing the layout...

Do you have a preference as to a TF that you like using it for most?
Thanks much...
Cliff

[i][color=blue]P.S....

cce

thanks for the feedback. i would not use it in 5 min. i would recommend 30 min or 1 hr timeframe because it will clear up alot of the whipsaw acton that occurs to frequently in especially from what I have seen in the BB MACD indicator and the repaints in the trend majic.

i like the use of BB MACD and trend majic indicator. i am always looking for indicators that can identify the true top and bottoms of a major wave movement. that is why i find these indicators so useful.

i just downloaded supertrend and will test this week to see how well it acts with repaints. hopefully it will removes the repaint issue with the trend majic indicator repain problem.

the 3 level zz semafor indicator is good for identifing the exhaustion areas of ups and downs. on major movements you can make good returns. the problem i have is that sometimes it will identify a top as a strong 3 when it is actually a 2 so you have to watch it.

again i would not use 3 level zz semafor indicator on 5 min charts because of the whipsaw actions that can stop you out.

good luck trading.
  • #267
  • Nov 21, 2010 8:17pm Nov 21, 2010 8:17pm
Quoting simpletrades
not surprised you lost money--i only see the bbmacd in the lower panel and not trend magic on the chart. (reference to post 239)

simpletrade,

i listed that as a demonstration of the whipsaws that occur. also, understand i am not going to live trade this i only use demo on new systems.

and you are correct i have 2 windows open running side by side to make comparisons because it is easier to see the two indicators individually. so in my example screen shot it does show 1 indicator. i have the other in another window running next to it to better see the two running beside each other.

also, from my testing since the market reopened the supertrend seems to be the better of the indicators because it does not repaint.....so far.
  • #268
  • Nov 21, 2010 8:32pm Nov 21, 2010 8:32pm
Quoting bug
Well, this just goes to show that you have a lot of learning to do when it comes to trading. I'm not belittling you, we've all been there. The trick to using this system is to figure out what entries not to take. I provided you with 2 charts that should give you an example of what entries to take. TM repaint? Then use the Supertrend (another name for TM) indicator that Indrek has posted.


Well good for you. But it looks to me like you've been trading higher TFs and need some time to get used to M5. Either that or your EW and trendline approach...
bug,

yes, you are belittling but i can see that is your nature. the difference between us is i am a strategic trader and you are a tactical trader so we are destine to look at things from different perspectives and see things completly opposite....

i recognize that even though you may not.

therefore, i understand why elliott waves will be completely alien to your trading habits. elliott waves are are used more for strategic trading by identifing trends and the wave structures they contain.

i will admit that i am looking for longer trades that can get me 100s of pips per trade and not 5 pips here and 9 pips there because unless you are trading huge lots (very risky) because the returns are justified for 5 pip trades when you look at the amount of effort, time, and stress to make those trades.

don't misunderstand i like these indicators because they have the potential to find exhaustion points in major drives. paulus has done a good job by putting it out there for us to see and i thank him for his kindness.

also, you are correct i like trading in longer tf because they tend to be more stable. i find that with these indicators 15min, 30 min, and 1 hr tend to better.
  • #269
  • Edited 8:55am Nov 22, 2010 8:43am | Edited 8:55am
You can get in with small stops meaning runs like this give ROI of around 5-7% from 1% risk. You only need to get a couple of these a month with smaller trades here and there to have a great return.

For me the left arrow would have been a stretch due to sideways pa and 15 min was indecisive, 2nd arrow from left would have been an entry for me (no trades at all today due to some major thunder storms computer was off).

Eur and gu basically the same pic as this.

Avoid sideways pa, avoid 40-50 pip runs that generate 1st signal, avoid entry candles that are overly large. Lower highs/higher lows along the way can get you in if first trade missed. My 2c.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 14 KB
  • #270
  • Nov 22, 2010 8:49am Nov 22, 2010 8:49am
This was 1 and only trade we tried to set up today. Perfect lh entry around 6010, lost contact just as the lh candle was closing so we switched everything off.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 14 KB
  • #271
  • Nov 22, 2010 10:46am Nov 22, 2010 10:46am
Hi guys,

I have been using the following indicators in my account with great success.

1) Supertrend nrp.
2) BB MACD
3) Nonlag lot.
4) 3_level_semafor

I use 15 min char for entry. Look at supertrend and nonlag dot.

BBMACD is slightly lagging compared to Nonlagdot.

The exit has been my problem. I come out too early if i use my money management rules ( 1:1). If i use any of the indicators above for exit, i feel i loose some pips.

What is best strategy for exit?

Thanks to all the wonderful indicators.
Intraday only.
  • #272
  • Nov 22, 2010 11:57am Nov 22, 2010 11:57am
Nice chart setup Vantage, it looks similar to mine (ie camarilla levels) although I have my grid builder sr/levels (ie every 00, 50) on as well.
  • #273
  • Nov 22, 2010 12:18pm Nov 22, 2010 12:18pm
Quoting antonioforex
Found it. I was talking about MACD_SMA. Thanks.
can you post please

ta

P
  • #274
  • Nov 22, 2010 12:47pm Nov 22, 2010 12:47pm
Here it is.

Quoting Paulus
can you post please

ta

P
Attached File(s)
File Type: ex4 1MACD_SMA_alerts_v2.ex4   7 KB | 863 downloads
{Promotion Removed}
  • #275
  • Nov 22, 2010 1:05pm Nov 22, 2010 1:05pm
Quoting Paulus
can you post please

ta

P
Paulus,

I would appreciate if you can reply to my q. Thanks.
Intraday only.
  • #276
  • Nov 22, 2010 1:15pm Nov 22, 2010 1:15pm
here is one in MQ4 format.
Cheers
CanuckCT

Quoting Paulus
can you post please

ta

P
Attached File(s)
File Type: mq4 MACD_SMA_alerts_v2.mq4   5 KB | 1,053 downloads
  • #277
  • Nov 22, 2010 1:54pm Nov 22, 2010 1:54pm
Thnks

P
  • #278
  • Nov 22, 2010 3:40pm Nov 22, 2010 3:40pm
Quoting navk
Hi guys,

I have been using the following indicators in my account with great success.

1) Supertrend nrp.
2) BB MACD
3) Nonlag lot.
4) 3_level_semafor

I use 15 min char for entry. Look at supertrend and nonlag dot.

BBMACD is slightly lagging compared to Nonlagdot.

The exit has been my problem. I come out too early if i use my money management rules ( 1:1). If i use any of the indicators above for exit, i feel i loose some pips.

What is best strategy for exit?

Thanks to all the wonderful indicators.
navk,

what is the indicator called Nonlag lot? would you mind posting it please?

thanks
  • #279
  • Nov 22, 2010 4:17pm Nov 22, 2010 4:17pm
You can find it at PM Forex Strategy by iamnoel on page 1 #1: http://www.forexfactory.com/showthread.php?t=243045.

Cheers!
  • #280
  • Nov 22, 2010 5:16pm Nov 22, 2010 5:16pm
EUR/USD at 11:45 GMT +66 pips
GBP/USD at 11:00 GMT +55 pips and +45 pips
EUR/JPY at 11:45 GMT +106 pips
4 trades giving you +272 pips (max potential profit). If you take only 50% (+136 pips) I think it would be a good day . This strategy is full of opportunities every day. I couldn't have taken advantage of them because of my full time job...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
Click to Enlarge Name: gu.gif Size: 35 KB
Click to Enlarge Name: ej.gif Size: 34 KB
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