209# Trend Magic Trading System
Trend Magic Indicator
Time Frame 15min or Higher
Currency Pairs: all.
Indicators used 4
Just gives local time and other broker times plus current candle time
Tick both boxes under common tab
Set all to true apart from 12hr time
Place on your chart and play around with the start stop times until the coloured box covers the Asian market in your time Zone.
Trend Magic indicator
CCI 50 .. ATR 5
Inputs 144..233..21 on 5 min time frame yep you guessed it Fib numbers
BB MACD blue
TM goes from red to blue
BB MACD red
TM goes from blue to red
Initial stop hit or sliding stop via TM hit
I will explain in screen shot a b c d etc
A - Signal to go short
B - Initial stop is 1pip above last swing high ( good technical point for stop)
From A the TM then slopes down it goes flat and slopes down again when the slope is fixed ..ie cannot move which happens at close of candle C move stop to TM horizontal line at D
From C the TM goes flat and then moves down when slope is fixed ie.. cannot move which happens at close of candle E move stop to TM horizontal line at F
We follow down TM horizontal line with Stop but are ALWAYS 1 level above so we eventualy get stopped out at G for 16 pips
2 entries 1 short 1 long
Initial BBMACD was red and TM become red from blue on the same bar we have an entry
Initial BBMACD was blue and TM become blue from red on the same bar we have an entry
If using on the 1min the additional rule is...
When going long close of entry bar must be above TM when going short close of bar must be below TM line
Share your opinion, can help everyone to understand the forex strategy.
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