Ok Here's a system I can live with. Simple, Functional and beautiful to watch.

Daryl Guppy was a genius. I won't post all about him here. You can google "guppy GMMA" And get a boat load of info on him.

Heres his system in a nutshell

Guppy groups EMAs together and each group rpresents a distinctive set of traders.

I grouped mine as follows.

Light blue=scalpers
Dark blue is daytraders
yellow=swing traders
Red=midterm traders
Purple=long term traders.

Now each trader has a an idea of how the market trades based on what time frame he looks at. scalpers are way down at the tic charts to five minutes--Long term traders are looking at weekly monthly or even yearly charts.


Now each chart has its own trend so while the scalper may be looking for an uptrend on the m5 the longterm trader may be looking at a downtrend on the weekly.

So each enters a trade at the same time with the same amount of lots. Now suppose they were the only ones trading. everybody else just died of some terrible disease and they were the only two peiople left on the planet. what would happen to the chart?

It would stay balanced because there are an equal number of buyers and sellers. So price would stay the same and neither would come out ahead when they traded back because there would be zero price action. Now the broker would get a profit from the spread but he would be dead so that would be a waste. but I digress.....


Now suppose you had 10 scaplers and 10 longterm tradersand 8 scalpers went short two went long
Same thign with the long term traders
What would happen then?

The price would drop because more traders are going short then long. so the four sorry saps that went long would lose while everyone else would win.

Simple supply and demand.

Now the market is more complicated than that. there are people trading all over the place. what this system does is show you when eveybody is trading in the same direction. the more people trade in the same direction the more price will move that way. and the safer it is to trade.

The guppy MMA system allows you to see exactly how eveyone is trading based on differnet moving averages. The moving average represents the term of how long a trader intends to stay in the market.

I have attached a template of my representation of the guppy system. Becaus i am using it to scalp the market I am only really interested in which way the mid term traders are trading on down to the scalpers. This system allows you to see whats going on in every time frame of your chart without having to switch charts. the more people trading in the same direction the more the EMA's will align.

Download this template and place it into your template folder in mt4
then pull up any chart and take a look at it. It's beautiful. Change the name of the file from gmma.ex4 to gmma.tpl before filing it in the templates folder of mt4. The uploader wont upload .tpl files

The zip files has indicators you need for the template. Extract them and place them in the indicaor folder of mt4.

ill post up some basic rules later

Attached Files

	gmma.ex4 (2.3 KB, 111 views)
	Guppy Indicatorsr.zip (6.5 KB, 101 views)

Hmmm... Thanks I will have a look at this!

I forgot to add the indicators. Make sure you download those too max!

LOL I was wondering what this system is because all I saw was just pretty colour lines heading in the same direction .

Hers the full version if you want to do mid to long term trading with it.

Attached Files

GMMAtemplate.zip (804 Bytes, 68 views)

So eagle for all of us who is waiting what are the rules what do we do and which chart you highly recommend?

Entry rules for scalping
When all light blue lines cross up through yellow line go long.
When all light blue lines cross down through yellow line go short.

Exit rules for scalping:
When a light blue line touches a dark blue line close trade
OR....
Take profit at 10 pips.

Stop loss is 5 to ten pips below yellow line.

The more single lines above the light blue lines the safer it is to sell.
The more single lines below the light blue lines the safer it is to buy.

So you think you only can risk 2% of your trade.? I could have easily doubled my account in three hours yesterday. Unfortunenately I knew nothing about the Guppy system until this morning. I could hav easily doubled or tripled my account. Every body was trading the same way on NFP friday. So I only Made 25% in 30 minutes.

Attached is a chart along with the 5m eur/usd with GMMA on it. Theres millions to be made in this market if you know what to look for.A picture is worth a thousand words.

Attached Files

GUPPYSCALPNFPIMAGE.zip (38.3 KB, 86 views)

Very cool, I always like learning new things to trade with I'll have to keep an eye on this. Is there a trading period that this works best on? I hate staying up all night to trade, so I'm always looking for ways to trade New York hours instead.

This looks easy I cant wait to demo it !

Seems like it can be coded into an ea too!

^eagle^

I don't know if I'm continouly jealous of your digability or amazed..(obviously you don't have kids--or you have kids and no job--LOL)

I'm still working on deciphering your MA trends... Now I have to find time to work on this...

P.S. Don't ever buy a Wii, your dedication will dwindle...