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Edgetrader replied Jun 21, 2009Darryl, Hard to say as I do not know when you are trading the pair. Also, I use a different set of indi's than you. And this particular pair, from my perspective, would not be traded at the +10 level I usually employ as it is a shallow mover. ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 21, 2009Interesting to see so many individuals quickly ascertaining the fact that, regardless of how good a trading plan is perceived to be, without the mental discipline needed to trade such all efforts will be futile! Paul himself has stated many times in ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009Hideous monster!!!!
Dynamically honed ability to trap and skin even the best traders, is adept at luring unsuspecting traders into 'trend' trading by providing 100 pips or more runs as easily as a EURUSD provided 10 pip runs. Eats trading ...EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009Similar to basic MOMENTUM EA operating and shown in post #2596. People just need one that works worth a damn on a MT4 platform.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009Easy, here you go. This is for the swing traders. Entry - PA crosses 14 WMA and Trix (set at 3.1.false,1500) crosses 'zero level. Exit - PA reverses and crossess MA and TRIX crosses 'zero' level. TP is discretionary. Anywhere from 10 pips to 100 ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009Even more simply set forth is 3,1,false,1500. The ONLY color shown on this chart is the '0' set to red with everything else set to 'none'. Easy if simulator for MT4 will confirm. PA crossed 14 WMA (or TM set at 10/20 and changing color) and TRIX ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009The 4/14 is for the trix I use on TS. MT4 is Anne's simplt trix indi set at 3,1,false,1500. Colors are 0 Aqua, 1 Navy, 2 None, 3 Black, 4 None and 5 None. Try it and see if it matches up better.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009I assume you are looking at a simulator with trix setting at 3,1,false and 1500? And it is lagging on a 5m? By how much? Thx
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009Seeking Perfection? — As I have mentioned I trade only from 4-9 a.m. PST which is my choice. We have all spent quite a bit of time seeking the ultimate indi and debated whether to scalp or swing trade. We have back-tested, forward tested, ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009Yeah, a bit of an issue there. My platform does indeed have a histogram available and is clean and concise. We will see tommorrow how this new MT4 trix performs. As long as it is accurate, and I can match up the platform signals from MT4 to TS, it ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009IF trading on TS the EURUSD is between 1.3 and 1.6 spread, the GBPUSD runs from 2.8 to 3.4. IB is the usual 2 and 4 respectively. As I also pay a modest commission with TS, the spread differential overall is very comparable. Almost apples to apples. ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009Damn! — Sorry, better screen shot of the trix without the FT.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009MT4 Trix Indicator! — Here is a screen shot of the 'trix' Anne provided. The Trix settings as shown are 3,1,false and 1500. As you will easily notice, it is yet one more indi to be added to the tool box. Also, it is a 'live' indi that matched ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 20, 2009Hi Notch, Perhaps I can help diminish some of your back testing efforts and free up some of your time. If a trader is using a scalping plan for around +5 to +10 pips, they will most likely have a decent strike rate with a good plan. However, they ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009Different tools / same results — Necessary PA is obviously the key to any trading plan. You need movement of some sort. The 'tools' in your toolbox, when used correctly, will dramatically enhance your trading efforts. There are ALOT of tools ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009Yeah, trix is spot on on any platform offering such. I would think it prudent for traders to read up on it a bit. Is unique among all indicators. RSI is being worked on for the MT4 users to ascertain its usefulness there. Regards.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009MA acts as a floating SL pretty well. Need some discretion there. -10 is too tight for ANY pair. Needs to move around a bit. Crucial to trade at appropriate time of day. This has been set forth several times in the thread. Also, is difficult to ...
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009RSI — Powerful potential addition possibilities. Will do weekend backtesting on TS to ascertain actual potential. +10's are pretty abundant at times. Regards.
EUR/GBP Trendmagic System
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Edgetrader replied Jun 19, 2009[/quote] The damn cat is out of the bag! Is deadly accurate is it not? Was saving that for some weekend excitement but you are the proverbial 'Johnny on the Spot' here. Very good observation indeed. Is as close to a perfect triggering mechanism as ...
EUR/GBP Trendmagic System