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Trend Follower 5 Minute System

  • #21
  • Jul 28, 2007 11:49am Jul 28, 2007 11:49am
Quoting cgldsmth
can't find the Laguerre indicator in the blog so here is the version I've got
The Laguerre indicator is included in the TrendFollower.zip package. If you don't want to wait for the download in the rapidshare you can choose to download the mirror from luxinterior.

If someone has a website to mirror the zip, please post it here and I will add a mirror to my blog.
  • #22
  • Jul 28, 2007 3:22pm Jul 28, 2007 3:22pm
Thank you for the effort THEWICKER.

Good job luxinterior.

One thing that I have noticed on FF is that some of the people posting trading systems recommend certain setting to be used with indicators and go to lengths explaining why those settings instead of the default ones.

Once they post the chart images, you see completely different settings on the same indicators.

Case in point, MACD in the chart images show 9,18,9 while recommended is 5,35,5, go figuer.

So, which setting are the appropriate ones, and if different to 9,18,9 can you please show chart images supporting those settings.

Thanks...
  • #23
  • Jul 28, 2007 3:28pm Jul 28, 2007 3:28pm
Thanks, a very good topic to read and will try in on demo soon.

Thanks again!
Patience, let the market come to you!
  • #24
  • Jul 28, 2007 4:30pm Jul 28, 2007 4:30pm
TheWicker

This looks pretty straight forward and you did a really great job. I did notice that on certain pairs you get really great signals on the 1H charts and not only 5min.

Thank a lot for sharing your system.

Regards
  • #25
  • Jul 28, 2007 11:58pm Jul 28, 2007 11:58pm
Quoting FibFan
Thank you for the effort THEWICKER.

Good job luxinterior.

One thing that I have noticed on FF is that some of the people posting trading systems recommend certain setting to be used with indicators and go to lengths explaining why those settings instead of the default ones.

Once they post the chart images, you see completely different settings on the same indicators.

Case in point, MACD in the chart images show 9,18,9 while recommended is 5,35,5, go figuer.

So, which setting are the appropriate ones, and if different to 9,18,9 can you please show chart images supporting those settings.

Thanks...
If you compare the settings 9,18,9 and 5,35,5 you won't notice a really big difference, but still enough. (open two versions of the same pair, apply the template and change one MACD settings to 9,18,9).Through a lot of experimenting I have used this both settings and come to the conclusion 5,35,5 works better than the 9,18,9. This was optimized because of the need for MACD to be below or above zero at the time the signal alerts and laguerre crosses the line, but still takes the right amount of previous trend into notice (35). In the template we have the settings of 5,35,5 and in the manual I also mention this is the proper settings.

The Screenshots were taken almost a year ago, and this is the only minor setting that has changed in this time. MACD 9,18,9 to 5,35,5. So that is why in some pictures you will see this.
  • #26
  • Jul 29, 2007 4:48am Jul 29, 2007 4:48am
Thank you very much for your generosity!
I'll read the manual now and I'll start testing it soon.
Money for nothin' and pips for free!
  • #27
  • Jul 29, 2007 5:49am Jul 29, 2007 5:49am
Thanks Wick,

Seems to be a nice system but you have made it too complicated with so many Indicators. Its a good system for the experienced traders but complicated for the Newbies.

Anyway, thanks for your generosity. I hope most of us will benefit from it.

John
Winning is a Great Feeling!
  • #28
  • Jul 29, 2007 10:40am Jul 29, 2007 10:40am
Thank you for the clarification THEWICKER.

Appreciate the time and effort.
  • #29
  • Edited Jul 30, 2007 12:06am Jul 29, 2007 8:48pm | Edited Jul 30, 2007 12:06am
Quoting luxinterior
But for those who don't want to wait the 30 mins for rapidshare to give them access here it is...

Lux
The slope direction indicator is not been displayed? Any solution?
  • #30
  • Jul 29, 2007 9:05pm Jul 29, 2007 9:05pm
TheWicker

Thanks for posting..... Do you still use this system?

ET
  • #31
  • Jul 30, 2007 12:50am Jul 30, 2007 12:50am
Quoting et_phonehome_2
TheWicker

Thanks for posting..... Do you still use this system?

ET
Yes.
  • #32
  • Edited 10:45am Jul 30, 2007 10:22am | Edited 10:45am
Hi,

Thanks for sharing this system with us.

Couldnt this be setup to give the "alert" when all the conditions are met? (instead of the EMA cross trend alerts)

EDIT:

Also, Can this system work with 1 hour charts and other intervals?

Thanks
  • #33
  • Jul 30, 2007 11:10am Jul 30, 2007 11:10am
Quoting tsnowfx
Hi,

Thanks for sharing this system with us.

Couldnt this be setup to give the "alert" when all the conditions are met? (instead of the EMA cross trend alerts)

EDIT:

Also, Can this system work with 1 hour charts and other intervals?

Thanks
Yes, it will be a great idea to give alert when all the conditions met.

Thanks
Patience, let the market come to you!
  • #34
  • Jul 30, 2007 12:51pm Jul 30, 2007 12:51pm
I agree. Due to so many signals I have the alert turned on off. It would be a highly beneficial feature for all of us if this was possible. Unfortunately I am not a professional programmer to get this done. I am only aware of the basics in coding. Maybe someone can help us with this, but the code should be quite complicated. It must be perfect, if it is not you should rather use your own manual judgement. Not everything needs to be automated.
  • #35
  • Jul 30, 2007 12:53pm Jul 30, 2007 12:53pm
Quoting tsnowfx
Hi,

EDIT:

Also, Can this system work with 1 hour charts and other intervals?

Thanks
It is designed for 5 minute timeframe. You can try other timeframes, but I do not know how well it will perform.
  • #36
  • Jul 30, 2007 1:53pm Jul 30, 2007 1:53pm
Thanks for your reply the wicker.
  • #37
  • Jul 30, 2007 3:49pm Jul 30, 2007 3:49pm
Does the indicator use GMT as the closing time for Daily pivot point calculation?

Does it matter which server time your brokers MT4 platform uses? I use IBFX which is GMT.

thks,

CFII
Attitude + Power = Performance
  • #38
  • Jul 30, 2007 5:39pm Jul 30, 2007 5:39pm
The arrows on the chart are just alerts for possible positions? Not the signals themselves?

On todays GBP/USD chart the green lines stayed below the red lines all day...does this mean I would ignore all long signals?

Do we trade against the direction of the slope direction line?

I don't think there were any valid trades today on GBP/USD...were there?
  • #39
  • Jul 31, 2007 2:16am Jul 31, 2007 2:16am
Quoting CFII
Does the indicator use GMT as the closing time for Daily pivot point calculation?

Does it matter which server time your brokers MT4 platform uses? I use IBFX which is GMT.

thks,

CFII
It doesn't really matter, since you use pivots for exits only on your judgement. (meaning, you can exit at the first pivot, second...)
  • #40
  • Jul 31, 2007 2:27am Jul 31, 2007 2:27am
Quoting RickW00716
The arrows on the chart are just alerts for possible positions? Not the signals themselves?

On todays GBP/USD chart the green lines stayed below the red lines all day...does this mean I would ignore all long signals?

Do we trade against the direction of the slope direction line?

I don't think there were any valid trades today on GBP/USD...were there?
Yes, the arrows are just alerts for possible positions. All the other criteria explained in the manual must be met before the trade is taken.

That is correct. No valid trades for cable yesterday.

Slope direction line is used for exits only, so yes we can enter a trade against it. It coresponds well with our black 34 EMA's (black lines). Those measure volatility and you can see if it bounces back from those two lines, the trend will usually continue. Once slopedirection line changes colors (at the same time the candle will probably close on the other side of 34 EMAS) we exit the trade. Or we Exit at pivots.

The only proper setup we had yesterday was on gold. You could also have taken a trade in usd/chf but this was a very hard trade and would only be taken by those who trade this system for a long time.
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