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Dual trendlord system

  • #1
  • First Post: Edited 11:21am Jul 10, 2011 7:18am | Edited 11:21am
The trendlord indicator is being given away free by Hector (a version with inputs below). It looks a bit like an macd and playing around with it I came up with something interesting. I am currently using trendlines, s/r and ma's combined with mtf analysis to take trades on eurusd 1 hour charts and doing ok but this looks more interesting again and I am going to trial it for the next week and post the results.

The setup is very simple, a 1 hour chart of eurusd with a trendlord set at 5 and a trendlord set at 150 underneath. Only take trades in the direction of the 150 trendlord and you enter a buy/sell market order when the next hourly candle closes in that direction and changes colour. (Edit: I should clarify this... when the trendlord 5 changes colour)

I will use a 30 pip stop and move to break even after a move of 30 pips. The exit if not stopped out is when the trendlord 5 changes colour against the trade whether that's in profit or loss.

A chart is attached with some entries marked. You will notice that you can get chopped about a bit but you do catch some very nice moves which by my backtesting should more than make up for the losses.

The red lines are entries, the blue are exits. The green text is entry price, the red text is exit price. Of course in reality you may not take all of these trades because you may not be watching when a trade triggers an entry or exit but the theory looks sound so let's give it a go.
Attached Image (click to enlarge)
Click to Enlarge Name: trendlord system.gif Size: 46 KB
  • #2
  • Jul 10, 2011 8:05am Jul 10, 2011 8:05am
Hi Hugh,

Just went to Hector's site and downloaded the indicator. It looks nothing like yours (just a flat bar indicator) and it does not have any options for changing the period, only the fixed minimum and maximum. Could you post the version you are using?

Thanks in advance.

Barry
  • #3
  • Jul 10, 2011 8:08am Jul 10, 2011 8:08am
Thanks for the heads up. The trendlord indicator is a simple check-angle-of-ma indicator. Plot exponential moving averages with the periods you chose (150 & 5), if the ma is going up trendlord is green, if it's going down trendlord is red.

Do watch out with backtesting it visually. At the current bars it's only looking at if the ma is going up or down for 1 bar, further back is looks at 2 bars (so ma at bar 3 > ma bar 2 & ma bar 2 > ma bar 1).

Dunno if it has any impact, but might result in repaints.

Nonetheless, might have potential! Thanks!
  • #4
  • Jul 10, 2011 8:11am Jul 10, 2011 8:11am
Quoting nativetexan
Hi Hugh,

Just went to Hector's site and downloaded the indicator. It looks nothing like yours (just a flat bar indicator) and it does not have any options for changing the period, only the fixed minimum and maximum. Could you post the version you are using?

Thanks in advance.

Barry
It's all over the internet anyway so I suppose there is no harm.
Attached File(s)
File Type: ex4 TrendLord.ex4   4 KB | 4,297 downloads
  • #5
  • Jul 10, 2011 8:12am Jul 10, 2011 8:12am
Closest thing I could find to your version was this, found on FXcodebase.com...

Inserted Code
#property indicator_separate_window
#property indicator_buffers 3
#property indicator_color1 White
#property indicator_color2 SteelBlue
#property indicator_color3 Crimson
#property indicator_width1 4
#property indicator_width2 4
#property indicator_width3 4

extern int period = 50;
int g_ma_method_80 = MODE_LWMA;
int g_applied_price_84 = PRICE_CLOSE;
double g_ibuf_88[];
double g_ibuf_92[];
double g_ibuf_96[];
double gda_100[];

int init() {
   IndicatorBuffers(3);
   SetIndexBuffer(1, g_ibuf_88);
   SetIndexBuffer(2, g_ibuf_92);
   SetIndexBuffer(0, g_ibuf_96);
   ArraySetAsSeries(g_ibuf_96, TRUE);
   SetIndexStyle(0, DRAW_HISTOGRAM, STYLE_DASHDOT, 4);
   SetIndexStyle(1, DRAW_HISTOGRAM, STYLE_DASHDOT, 4);
   SetIndexStyle(2, DRAW_HISTOGRAM, STYLE_DASHDOT, 4);
   IndicatorShortName("Trend Lord");
   return (0);
}

int deinit() {
   return (0);
}

double WMA(int ai_0, int a_period_4) {
   return (iMA(NULL, 0, a_period_4, 0, g_ma_method_80, g_applied_price_84, ai_0));
}

int start() {
   double lda_16[];
   double lda_20[];
   int l_ind_counted_0 = IndicatorCounted();
   if (l_ind_counted_0 < 0) return (-1);
   int li_4 = 0;
   int l_period_8 = MathSqrt(period);
   int li_12 = Bars - l_ind_counted_0 + period + 1;
   if (li_12 > Bars) li_12 = Bars;
   ArrayResize(lda_16, li_12);
   ArraySetAsSeries(lda_16, TRUE);
   ArrayResize(lda_20, li_12);
   ArraySetAsSeries(lda_20, TRUE);
   for (li_4 = 0; li_4 < li_12; li_4++) lda_16[li_4] = 2.0 * WMA(li_4, period / 1) - WMA(li_4, period);
   for (li_4 = 0; li_4 < li_12 - period; li_4++) g_ibuf_96[li_4] =  iMAOnArray(lda_16, 0, l_period_8, 0, g_ma_method_80, li_4);
   for (li_4 = li_12 - period; li_4 >= 0; li_4--) {
      lda_20[li_4] = lda_20[li_4 + 1];
      if (g_ibuf_96[li_4] > g_ibuf_96[li_4 + 1]) lda_20[li_4] = 1;
      if (g_ibuf_96[li_4] < g_ibuf_96[li_4 + 1]) lda_20[li_4] = -1;
      if (lda_20[li_4] > 0.0) {
         g_ibuf_88[li_4] = g_ibuf_96[li_4];
         if (lda_20[li_4 + 1] < 0.0) g_ibuf_88[li_4 + 1] = g_ibuf_96[li_4 + 1];
         g_ibuf_92[li_4] = EMPTY_VALUE;
      } else {
         if (lda_20[li_4] < 0.0) {
            g_ibuf_92[li_4] = g_ibuf_96[li_4];
            if (lda_20[li_4 + 1] > 0.0) g_ibuf_92[li_4 + 1] = g_ibuf_96[li_4 + 1];
            g_ibuf_88[li_4] = EMPTY_VALUE;
         }
      }
      gda_100[li_4] = lda_20[li_4];
   }
   return (0);
}
  • #6
  • Jul 10, 2011 8:13am Jul 10, 2011 8:13am
Quoting esquire
Thanks for the heads up. The trendlord indicator is a simple check-angle-of-ma indicator. Plot exponential moving averages with the periods you chose (150 & 5), if the ma is going up trendlord is green, if it's going down trendlord is red.

Do watch out with backtesting it visually. At the current bars it's only looking at if the ma is going up or down for 1 bar, further back is looks at 2 bars (so ma at bar 3 > ma bar 2 & ma bar 2 > ma bar 1).

Dunno if it has any impact, but might result in repaints.

Nonetheless, might have potential! Thanks!...
Thanks for the info. Visual backtesting works out ok but forward testing really tests it so let's see what happens next week!

Edit: I've checked it out and see what you mean. So essentially I am trading when the 5ema is sloping in the direction of the 150ema. Sounds ok to me if it makes money, that's to be ascertained yet!
  • #7
  • Jul 10, 2011 8:36am Jul 10, 2011 8:36am
Quoting Hugh Briss
It's all over the internet anyway so I suppose there is no harm.
Hi, have downloaded the indi but want to know how to get to the 5 and 150 ma.
Help appreciated.
  • #8
  • Jul 10, 2011 8:49am Jul 10, 2011 8:49am
Quoting istvan
Hi, have downloaded the indi but want to know how to get to the 5 and 150 ma.
Help appreciated.
put the indy in your chart 2 times, then you will have to change the input settings, firstly set period to 5 and in the other indy box to 150 ... hope that will clarify .....
  • #9
  • Jul 10, 2011 8:58am Jul 10, 2011 8:58am
Quoting Dortmunder
put the indy in your chart 2 times, then you will have to change the input settings, firstly set period to 5 and in the other indy box to 150 ... hope that will clarify .....
Hector's original indi does not have an input option.! I took the one from in the thread and it worked. Thanks.
  • #10
  • Jul 10, 2011 10:07am Jul 10, 2011 10:07am
Looks good on a chart with nice, clean moves and retracements. Wonder what would happen with lots of chop in a range-bound situation.

Rob
  • #11
  • Jul 10, 2011 11:33am Jul 10, 2011 11:33am
Quoting ChicagoRob
Looks good on a chart with nice, clean moves and retracements. Wonder what would happen with lots of chop in a range-bound situation.

Rob
The theory is that the trendlord 150 would keep you out of that kind of situation but I take your point. I don't want to overcomplicate things with more and more indicators. I think if you are trading in one direction only then you should avoid large losses, after all the rules do get you out pretty quickly if things aren't going your way. Also eurusd is well known for trending well and not being as choppy as, say, eurjpy so maybe it will work out ok. I have backtested it visually as far back as there is data for and there has never been a sustained period of volatile behaviour that would have incurred multiple losses. I guess time will tell if this will work out great, mediocre or awful. Looking at the ave win/ave loss I think this will work out a winner long term anyway and I'm prepared to put the time in to test it.
  • #12
  • Jul 10, 2011 12:06pm Jul 10, 2011 12:06pm
Quoting Hugh Briss
It's all over the internet anyway so I suppose there is no harm.
Many thanks!
  • #13
  • Jul 10, 2011 8:18pm Jul 10, 2011 8:18pm
Quoting Hugh Briss
It's all over the internet anyway so I suppose there is no harm.

i tried to download the trendlord indi, it says 'couldnt be downloaded'.
  • #14
  • Jul 10, 2011 9:44pm Jul 10, 2011 9:44pm
Quoting whatfx
i tried to download the trendlord indi, it says 'couldnt be downloaded'.
Try again as plenty of people have downloaded it by the look of it.
  • #15
  • Jul 10, 2011 10:43pm Jul 10, 2011 10:43pm
Quoting whatfx
i tried to download the trendlord indi, it says 'couldnt be downloaded'.
Me too Hugh Briss.. 'couldnt be downloaded'.
  • #16
  • Jul 10, 2011 11:25pm Jul 10, 2011 11:25pm
I've been looking more closely and it seems there is a problem with the indicator. It does on occasions go higher and yet not change colour and also when the market is open you can spot the thing jumping up and down on some bars. Whether this is a problem for the system or not I don't know but I think for this week I will paper trade this system only.

I don't know if the indicator can be fixed or if there is another indicator that could be used in a similar way? I will look into it.
  • #17
  • Jul 10, 2011 11:39pm Jul 10, 2011 11:39pm
Since it is just a change in slope indicator then why not just use something like MA in Color on the chart itself. Plot a 5 EMA and a 150 EMA MA in Color and it would be the same thing as Trendlord from what i can understand.

No requirement for subwindows. Just your candles and the MAs
Attached File(s)
File Type: ex4 MA in Color.ex4   4 KB | 1,225 downloads
  • #18
  • Jul 11, 2011 12:15am Jul 11, 2011 12:15am
If you take a look at the 1M charts, you'll quickly see that the indicator repaints on the previous closed bar.
  • #19
  • Jul 11, 2011 2:29am Jul 11, 2011 2:29am
Quoting flyer415
Since it is just a change in slope indicator then why not just use something like MA in Color on the chart itself. Plot a 5 EMA and a 150 EMA MA in Color and it would be the same thing as Trendlord from what i can understand.

No requirement for subwindows. Just your candles and the MAs
Genius! Thank you!
  • #20
  • Jul 11, 2011 2:30am Jul 11, 2011 2:30am
Quoting Trucomallica
If you take a look at the 1M charts, you'll quickly see that the indicator repaints on the previous closed bar.
Well spotted, why didn't I think of that?
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