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Trend Follower 5 Minute System

  • #41
  • Jul 31, 2007 9:53pm Jul 31, 2007 9:53pm
thanks wicker for sharing your system...its look very promising for profit....i will forward test your system as what you have mentioned for two months for me to expertise the setup in your system.....form my back test from april 2007 because i cant go any further as there were to many arrows were in the chart if i went more from that point....i have got a good result.....thanks again....
  • #42
  • Jul 31, 2007 10:15pm Jul 31, 2007 10:15pm
hi again wicker.....if you got time....can u post some more chart of for us around here could learn and study more about the method........which trade should not been taken....or could been taken......breakout....etc....your help kindly requested...thanks
  • #43
  • Jul 31, 2007 11:17pm Jul 31, 2007 11:17pm
thanx alot the wicker, i will be demoing it too
  • #44
  • Aug 1, 2007 1:06am Aug 1, 2007 1:06am
An example of a trade that would not be taken, even if the conditions were met. Why? Because a large move already happened. By the time you would enter the trade a move for 24 pips already happened in the last 15 minutes. Also if important news comes out, you don't trade this system against it or you don't trade the system at all.


http://img63.imageshack.us/img63/499...exampleyv5.gif

And attached bellow is an example of a good trade.
Attached Image (click to enlarge)
Click to Enlarge Name: TradeExample3.jpg Size: 87 KB
  • #45
  • Aug 1, 2007 2:28am Aug 1, 2007 2:28am
If you want to turn of the sound alerts right click on the signal arrows and choose the option to turn of the sound.
  • #46
  • Aug 1, 2007 3:34am Aug 1, 2007 3:34am
Hi Wicker,

First of all, thanks for the sharing and contribution. I am a great fans of MA and I like the colourful set of your system with many useful information. As a newbie, I have some questions and I hope you can help me.

1) What happen when you see the signal alert first and then later (after 15 minutes) the Guppy MMA and Laguerre. If the whole criteria setup takes about 20 minutes to appear do you still follow the trade then???

2) I notice that you have included other indicator that does not form part of the trading criteria e.g. slope direction. What is the slope direction for???

I hope you can understand my quesions.
  • #47
  • Aug 1, 2007 3:45am Aug 1, 2007 3:45am
Quoting yyc196
Hi Wicker,

First of all, thanks for the sharing and contribution. I am a great fans of MA and I like the colourful set of your system with many useful information. As a newbie, I have some questions and I hope you can help me.

1) What happen when you see the signal alert first and then later (after 15 minutes) the Guppy MMA and Laguerre. If the whole criteria setup takes about 20 minutes to appear do you still follow the trade then???

2) I notice that you have included other indicator that does not form part of the trading criteria e.g. slope direction. What is the slope direction for???

I hope you can understand my quesions.
Your questions are written in the rules already, but here is the explanation again.

1) The answer is no. All the criteria must be met at the signal bar or one after, otherwise the trade is not taken! If you take the trade without these rules applied it can eventually go your way, but even so many times it won't go. So, trade as said in the rules.

2) Slope direction line is for orientation and exits. I use it for exits when the trend was taking long time and was rising or fading slowly, trending. (long time here means about 4 hours)If a move happens quickly I use pivot points for exits.
  • #48
  • Aug 1, 2007 3:50am Aug 1, 2007 3:50am
Thx
wicker for sharng

nice system

Regards
  • #49
  • Aug 1, 2007 4:10am Aug 1, 2007 4:10am
Quoting TheWicker
Your questions are written in the rules already, but here is the explanation again.

1) The answer is no. All the criteria must be met at the signal bar or one after, otherwise the trade is not taken! If you take the trade without these rules applied it can eventually go your way, but even so many times it won't go. So, trade as said in the rules.

2) Slope direction line is for orientation and exits. I use it for exits when the trend was taking long time and was rising or fading slowly, trending. (long time here means about 4 hours)If a move happens quickly I use pivot points for exits.

Thanks, I am understanding your system now.
  • #50
  • Aug 1, 2007 4:34am Aug 1, 2007 4:34am
Hi Wicker

Could you tell me what we do if there a sell signal from the red arrow and all of the conditions hit but the Lagurre is deed under 0.15 like pic?
so we enter trade also or no

could we enter if all conditions met but the price stands on a R/S points





Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 94 KB
  • #51
  • Aug 1, 2007 7:30am Aug 1, 2007 7:30am
Here is your entry points for the picture you gave me. The first entry point is an example of a great signal. We are looking for these. If you look at the rainbow you see the MA's are contracted, and if you look at the entry #2 you see the MA's are already expanded. What this means is a large move has already happened and price is now looking for a retrace. A good trade is when the rainbow MA's are contracted and heading in the same direction, we see this in Entry #1.

Both entries were profitable if you took the proper exit

Entry #1 = from 2.0285 to support 2 at 2.0220 +65 pips

Entry #2 = a very risky trade, since the guppy moving averages were expanded. This should be common basic knowledge to most of us, that if this was the case, price is looking for a retrace or will be moving more steadily waiting for another move when the moving averages contract more. 2.0232 - 2.0220 +12 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 98 KB
  • #52
  • Edited Aug 2, 2007 4:48am Aug 1, 2007 9:28am | Edited Aug 2, 2007 4:48am
GBPJPY - 1.08.2007
==============
http://img47.imageshack.us/img47/128...2007lw0.th.png


USDCHF - 30.07.2007
================
http://img266.imageshack.us/img266/5...2007cs6.th.png

Hi all! I make signal alert for Trend Follower System with MACD and Guppy filters.

Corected signal indicator you will found in http://www.forexfactory.com/showpost...4&postcount=58

ValTrg
  • #53
  • Aug 1, 2007 10:50am Aug 1, 2007 10:50am
After reading the rules, it really seems to be a great system. I someone could program all the rules into buy and sell signals, that would be great.

Thanks,
Wiper
  • #54
  • Aug 1, 2007 11:14am Aug 1, 2007 11:14am
an EA would be greater!

Quoting wiper
After reading the rules, it really seems to be a great system. I someone could program all the rules into buy and sell signals, that would be great.

Thanks,
Wiper
TRADE FOR SWAP
  • #55
  • Aug 1, 2007 2:11pm Aug 1, 2007 2:11pm
Quoting cgldsmth
an EA would be greater!
I have zero faith in EA. In the older days when trading currencies was still played only by the big boys everything had to be done on paper and per hand. Now we have computeralized all our systems and indicators. I believe this should be enough for automation. We only have to watch and click buy/sell when all indicators agree.
  • #56
  • Aug 2, 2007 12:53am Aug 2, 2007 12:53am
thanks wicker.....the system working great till now.... maybe after this we can discuss about this system with the present chart....to build up more confidence to the new bie like me specially....thanks for sharing.....
  • #57
  • Aug 2, 2007 3:04am Aug 2, 2007 3:04am
can someone post mtf version of laquerre indi? thanks in advance
  • #58
  • Aug 2, 2007 4:45am Aug 2, 2007 4:45am
GBPJPY - 1.08.2007
===============

http://img222.imageshack.us/img222/9...infoek1.th.png

================
Explanation for Trend Follower Alert indicator!

I attach new corrected version!!!

ValTrg
Attached File(s)
File Type: ex4 # Trend Follower Signal.ex4   15 KB | 6,021 downloads
  • #59
  • Aug 2, 2007 6:18am Aug 2, 2007 6:18am
I'm wondering if there is anybody who trades Euro with Trend Follower system. Or maybe this system is more profitable when are traded in more mobile pair like GBP/USD?
  • #60
  • Aug 2, 2007 7:33am Aug 2, 2007 7:33am
Euro works good. Please remember that sometimes you might not get even one signal per day even if you are trading 6 or more pairs at the same time as I do. Patience is needed as in any other system. It is better to take 2 perfect trades that will move your account balance higher, than 15 false trades.

Quality above quantity!
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