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Trend Follower 5 Minute System

Yes, it can.
  • #1,162
  • Quote
  • Dec 10, 2007 11:27am Dec 10, 2007 11:27am
Thx 4 the reply,
I'll try it...

i think, this system is similar with this malaysian system...

The difference only :
in here, it's free http://kolobok.us/smiles/icq/biggrin.gif
  • #1,163
  • Quote
  • Dec 10, 2007 11:38am Dec 10, 2007 11:38am
Quoting WisBiz
Thx 4 the reply,
I'll try it...

i think, this system is similar with this malaysian system...

The difference only :
in here, it's free http://kolobok.us/smiles/icq/biggrin.gif
Thanks for noticing me. These people have contacted me in the past if I would like to collaborate with them and sell this system to their "large" audience. Upon my rejection it seems they have just claimed the system as their own and change it to a different name. If the system won't be removed from their homepage they may just get sued.
  • #1,164
  • Quote
  • Edited Dec 11, 2007 8:26am Dec 10, 2007 11:41am | Edited Dec 11, 2007 8:26am
They just stole your system Wicker. What can you do about it?
Quoting TheWicker
Thanks for noticing me. These people have contacted me in the past if I would like to collaborate with them and sell this system to their "large" audience. Upon my rejection it seems they have just claimed the system as their own and change it to a different name. If the system won't be removed from their homepage they may just get sued.
The Wicker,
So sad to hear that. You give it for free but they sell it to others. This type of people must be punished. Do you all agree???
Quoting TheWicker
Thanks for noticing me. These people have contacted me in the past if I would like to collaborate with them and sell this system to their "large" audience. Upon my rejection it seems they have just claimed the system as their own and change it to a different name. If the system won't be removed from their homepage they may just get sued.
That sucks, Good luck kicking there butts.
philn
I've moved on to a new system(Created one by myself) but I used this one for a few months with solid profit..

Just thought, Id share my experince with this...
Here is an alternate chart template I have put together. It may help visualize the action of the Laguerre and MACD.
It has two Laguerres in the same indicator window with the same basic parameters. One is green with a fixed min of 0, max of 0.2 and level at 0.15. The other is red with fixed min of 0.7, max of 1 and level at 0.75. When the green one passes up through the green level line it helps confirm a long signal. When the red one passes down through the red level line it helps confirm a short.
The MACD is zoomed in with fixed level of +/-0.0005 to help visualize the polarity of the MACD.
See attached image for an example.
Attached Image
Attached File(s)
File Type: tpl Trend Follower - 5min Basic.tpl   24 KB | 1,497 downloads
Interesting .tpl! I just might change it with my old one
Thanks, Wicker!
Nice signal and alert on AU this morning. I happened to have my trend follower profile up when it came along. I saw a bit of an ascending support line, waited for the price to get below it and entered. Jumped out prematurely when it started coming back at me for +8 pips. Watched as a nice re-entry opp occurred and missed the bulk of the move.
Attached Image
This scenario happens many times. It signals your direction then retraces to hit your stop (so don't make them too low! (10-20 pips depending on the currency you are trading) and then it goes back in your signaled direction.
Quoting TheWicker
This scenario happens many times. It signals your direction then retraces to hit your stop (so don't make them too low! (10-20 pips depending on the currency you are trading) and then it goes back in your signaled direction.
The Wicker, thank you for this awesome system. Just went live this week with wonderful results. May you be greatly blessed for your efforts.
  • #1,174
  • Quote
  • Dec 17, 2007 12:50pm Dec 17, 2007 12:50pm
dear wicker,

do you trade during news time? (what kind of news if you do?)
hey thewicker

i was checking gold chart @ 15 min tf

what do u think about this signal ,, all conditions are met at the bar after the signal bar but ,,, the laguerre already crossed 0.75 level before the signal about 5 bars before it ,
is that a good trade or i should wait for the laguerre to cross down the 0.75 level at the signal bar or the bar after ....
Attached Image (click to enlarge)
Click to Enlarge Name: wicker.JPG Size: 117 KB
Thanx for your system. I have been watching for a while and getting up to speed with this thread - it's a great system. I have been learning for a while now and the more I know the more painful it is to have not been getting positive results - so thank god for you!!

Questions for you if you can spare a little time please: When you look at higher time frames do you just like to see that the next highest time frame is in same direction, ie 15 min, or do you like to see that higher time frames are agreeing as well?

Do you only trade after a breakout has already occurred?

The support and resistance lines only appear on my charts if I reload your template - is this normal?

Cheers and thanx again for all your generous help
Quoting eng_forex171
hey thewicker

i was checking gold chart @ 15 min tf

what do u think about this signal ,, all conditions are met at the bar after the signal bar but ,,, the laguerre already crossed 0.75 level before the signal about 5 bars before it ,
is that a good trade or i should wait for the laguerre to cross down the 0.75 level at the signal bar or the bar after ....
No, that wasn't a valid signal, laguerre crossed too early. it should have crossed near the signal bar (at or up to around 3 bars before, (laguerre is the fastest indicator in our system))
Quoting yuletae
Thanx for your system. I have been watching for a while and getting up to speed with this thread - it's a great system. I have been learning for a while now and the more I know the more painful it is to have not been getting positive results - so thank god for you!!

Questions for you if you can spare a little time please: When you look at higher time frames do you just like to see that the next highest time frame is in same direction, ie 15 min, or do you like to see that higher time frames are agreeing as well?

Do you only trade after a breakout has already occurred?

The support and resistance lines only appear on my charts if I reload your template - is this normal?

Cheers and thanx again for all your generous help
If I trade the 5mint I look for the direction of the trend in the 60 minute chart. If the signal and direction agrees, than it should be a great trade.

Yes I only trade after the initial breakout, after all this system is designed with this in mind (we don't trade breakouts).

My support and resistance lines appear normally on my chart. For what its worth you may change these lines with one of your own support lines (pivot points) if you have them.
Thanx for youe prompt reply.

Just to clarify. When you say support and resistance lines are yoiu talking about pivots?

The reason why I ask is that I have no prob with the pivot lines but its the thicker coloured lines (not pivots) that seem to need reloading. I assumed these were past s & p.

I dont know what I've done but at the moment they are not appearing on my charts at all so might have to redownload your template.

Thanx again for all your generous help.

Cheers!!
I really love this system. Just stumbled upon it the other day and I`m completely ready to scrap another fairly sucesfull system I was using. When the Guppy MA is kind of shrunk and the rest of the trade conditions are met it seems like the risk/reward is just huge. Thanks for again for sharing this with us The Wicker.
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