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Pair selection when using Trendmagic Sys

author EAcpu | 2 reads | 0 comments |
I would like to start a separate thread on this topic Euro/GBP Trendmagic System

As we all know, any trending system is subject to reversals, and it is your friend until it reverses. Therefore, using this system, we should enter the market and specific currency pairs at specific times. At other times, dynamics may cause the most advantageous currency pairs to trade differently.

KG Relative Strength Index -> http://www.forexfactory.com/showthread.php?t=123284

Uses tick data to do exactly what the title implies, showing the relative strength of each currency.

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Note that GBP is the red line here. It hit the closing bottom of the indicator screen 3 times and this is the 4th time I have entered this position as it clearly looks like the weakest currency on the market. The U.S. dollar is the strongest.

At this time, the Trend Magic indicator is also trending down and all time frames are aligned on the MTG indicator. Before TP, here are some good quick points.

Let’s talk about strategies for finding the best pairings to use with this system.
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