Part 2 EURUSD Trend magic System | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trend Magic Indi with Alert 20 replies

MTF Trend magic 6 replies

Trend Magic Email Alert Help 6 replies

Please help with Trend Magic indicator! 3 replies

Trading: Part Science and Part Art 28 replies

Attachments: Part 2 EURUSD Trend magic System
Exit Attachments

Part 2 EURUSD Trend magic System

  • #401
  • Jun 14, 2011 2:38pm Jun 14, 2011 2:38pm
Quoting adji
Paul, This thread started in June 2011,
but now, i see you are active in kevinator trading system's thread and post your trade using another system(not using this trendMagic).
so i want to ask to you, Is this Trend magic system reliable enough for live trading? If so, why you don't be active in this thread by posting your Trade using this system (not another system/strategy)?

Thanks
Yes you can trade it live but it just didnt feel right for me..I wasnt comfortable with it cant explain it more than that

yes kevinator is good..although not on it now also trade using 123 and dred system

P
  • #402
  • Jun 14, 2011 2:48pm Jun 14, 2011 2:48pm
Paul,

if, i am going to use TM system for trading Silver/Gold(XAG/USD XAU/USD)
What's the proper setting for indicators? Is it need for additional indicator?
by the way i am not scalper, usually hold my trade for one day or more.

Thanks agaiin
  • #403
  • Jun 14, 2011 11:10pm Jun 14, 2011 11:10pm
Quoting adji
Paul,

if, i am going to use TM system for trading Silver/Gold(XAG/USD XAU/USD)
What's the proper setting for indicators? Is it need for additional indicator?
by the way i am not scalper, usually hold my trade for one day or more.

Thanks agaiin
I would use it on 4-h or daily chart.
But if you want to trade intraday, I would recommend you to use another strategy. - Find the book " The new commodity trading guide" and read n#m strategy for 15-min chart
  • #404
  • Jun 15, 2011 11:04am Jun 15, 2011 11:04am
finally i got the book "The New Commodity Trading guide" by George Kleinman.

i will read it. and in your opinion, Is Trendmagic sys good enough on EUR/USD (15M). Thanks!
  • #405
  • Jun 27, 2011 3:56pm Jun 27, 2011 3:56pm
My thanks to Paulus for introducing me to this excellent indicator. This indicator is so good that you do not need any other tools to trade the 1 min chart. I have discarded all other tools and this is the only one I use - it is really that great.
Now nowhere in this thread have I seen a clear explanation of the MACD BB tool; so I did a Google search and found a wonderful video on this tool specifically.

http://www.nexgent3.com/Flash%20Quiz...o%20Flash.html

Romex
  • #406
  • Jul 10, 2011 3:27pm Jul 10, 2011 3:27pm
regarding the MACD BB indicator--
I did a Google search for this indicator and found several versions.
What is the exact name of the indicator that you like to use.
And, could you please share the Property settings.
Thank you.
  • #407
  • Jul 10, 2011 3:51pm Jul 10, 2011 3:51pm
Quoting michaelB
regarding the MACD BB indicator--
I did a Google search for this indicator and found several versions.
What is the exact name of the indicator that you like to use.
And, could you please share the Property settings.
Thank you.
The name of the indicator is BB MACD cct.ex4, and you can download it from this thread - Post #2.

Instead of 1 MACD BB indicator I actually use two instances of the same indicator. I call these the Fast and Slow MACDs. Here are the settings

FAST MACD BB (38, 120, 20, 1.1)
SLOW MACD BB (144, 233, 20, 1.1)
  • #408
  • Jul 13, 2011 1:27pm Jul 13, 2011 1:27pm
I have a problem whit the entry, please help me: do i have to wait for TM and BB MACD to cheage both colour at the same candle or can i enter when TM become of the same colour of the BB MACD?

Thanks
  • #409
  • Jul 23, 2011 4:07am Jul 23, 2011 4:07am
Hi

I am using a similar system with supertrend and MACD BB on a 5 pips range bars chart.

check this post

http://www.forexfactory.com/showthre...72#post4790872


I have posted an EA that takes signals from supertrend/ trend magic. If we could incorporate a filter of macbb in that EA, this system would be worthwhile.

Long and short signals as per supertrend signal and macdbb to filter countertrend trades.

Strategy is to open 2 or multiple of 2 lots....take partial profits at 10 pips or so and allow other lots to run till the supertrend signal lasts.

We can just put the EA and switch it on /off as per macdbb.

Anybody interested in modifying this EA as per this system?
  • #410
  • Sep 5, 2011 4:01am Sep 5, 2011 4:01am
its there anyone still trading this? i found out this is a very profitable system.

please share if u still using it with profitable
  • #411
  • Oct 22, 2011 2:46am Oct 22, 2011 2:46am
Hello everyone,
I recently discovered TrendMagic and find it to be very effective as an exit strategy. Could someone directs me towards an EA that closes the trade using Trend Magic ?
I'd like the trade to be stopped when we have a cadle close on the other side of the the TM or have a stop placed one level above the TM line as explained by Paulus in post #3.

As anyone seen this coded somewhere ?

Thanks
  • #412
  • Oct 23, 2011 6:40am Oct 23, 2011 6:40am
Quoting Jani72
I'm not sure how the current TM works, but atleast the one i used a while ago had a redrawing issue.

Problem with TM comes when CCI crosses 0-level and TM will redraw, so what you see on history chart is not what you see on live trading!

I used TM (actually just CCI) in one EA and solved the redrawing by programming a parameter for treshold margin around 0-level, so inside this margin no buy/sell signals are given only on crossing treshold up or down and if treshold set to 0 indi works as original. For example if treshold set to 20 indi...
Hi, Jani72. That's very interesting. Can you share your customised CCI indicator?

Thank you, in anticipation.
  • #413
  • Dec 14, 2011 9:06am Dec 14, 2011 9:06am
Why do you use 2 BBMACD and how do you use it?
Thanks.


Quoting Romex
The name of the indicator is BB MACD cct.ex4, and you can download it from this thread - Post #2.

Instead of 1 MACD BB indicator I actually use two instances of the same indicator. I call these the Fast and Slow MACDs. Here are the settings

FAST MACD BB (38, 120, 20, 1.1)
SLOW MACD BB (144, 233, 20, 1.1)
  • #414
  • Dec 15, 2011 8:10am Dec 15, 2011 8:10am
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.
Wots The Difference between Trend Magic n Super Trend NRF Kindly tell me n How 3_level_semafor work ?
  • #415
  • Dec 17, 2011 5:19pm Dec 17, 2011 5:19pm
Hey Guys

I am just a newbie here, Need to know the setup of chart please.
Can anyone help me out please with this - EUR/USD BBMACD.

Thanks Heaps!!!
  • #416
  • Dec 17, 2011 9:58pm Dec 17, 2011 9:58pm
Quoting navk
Good. But requires caution when supertrend line is flat.

Another thing i noticed, the trend starts during europeon session, when we get up from sleep already the trend is on and might reverse during us session. How do you solve this?
Emigrate!
All you touch and all you see, is all your life will ever be.
  • #417
  • Jan 29, 2012 9:53am Jan 29, 2012 9:53am
Anybody else notice that a possible trading system would be buying/selling when price crosses over the TM line? Looks profitable to me, could be seeing things though so let me know what you think!
  • #418
  • Jan 29, 2012 12:55pm Jan 29, 2012 12:55pm
Quoting benjam1n
Anybody else notice that a possible trading system would be buying/selling when price crosses over the TM line? Looks profitable to me, could be seeing things though so let me know what you think!
You are absolutely right about it. I always wondered why people are continuosly trying to trade the color of TM/ST instead of trading the break. To my mind, the color is absolutely unimportant.
  • #419
  • Jan 29, 2012 4:20pm Jan 29, 2012 4:20pm
Quoting Indrek
You are absolutely right about it. I always wondered why people are continuosly trying to trade the color of TM/ST instead of trading the break. To my mind, the color is absolutely unimportant.
Anyone traded this way? Because it looks to me from visual back testing that it's be great.
  • #420
  • Edited 8:48am May 11, 2012 7:21am | Edited 8:48am
Right guys,
probably some of you has been receiving a lot of emails endorsing this oustanding and most profitable "software" that gives signals with uncanny precision. Please go to this website because the story about the conspiracy of scams' sellers and bankers who threated him not to spread this knowledge is fantastic!
http://indestructibletrendwinner.net/

Austin is pretty close to Karl Dittmann and this fact alone should make everyone careful about "his" products...
Well, the news is that now he is selling this Indestructible Trend Winner that is a lousy copy of this Trend Magic or Forex Simplification System that is also available here http://www.forexbees.com/forex-simplification-system/ for free.
The only difference is that he added the fractals to set Stop Losses and a yellow line between the red (sell) and the green (buy) lines to warn you that a change of colour is probably about to happen.
Look at the two charts: one is made with Austin's indicator and the other one is made with Trend Magic template. Pretty the same, eh?
The settings are the same as well: CCI 50 and ATR 5.

So my advice is: save your bucks and keep on with this system that is much better than Austin's one
Attached Image(s) (click to enlarge)
Click to Enlarge Name: indestructible trend winner.gif Size: 31 KB
Click to Enlarge Name: indestructible trend winner real.gif Size: 16 KB
0 traders viewing now