I'm just moving clouds today - tomorrow I'll try mountains.
my bro wicker...could you explain about this usdcad situation.....its a no trade signal because it has move a lot before the signal isnt it.....thanks... sorry for my poor language
http://i174.photobucket.com/albums/w...untitled-2.jpg
No explanation. This is a failed trade. It's not a holy grail, you will have those too
I just wanna add some comments pretaining to the use of trend follower on CAD.
Based from my observation, CAD does not perform well using trend follower. Different currency do have their own characteristic, I tried Cable, EUR and JPY they seem to be OK on Trend follwer but not CAD. Many times I see that trend follower missed out good trade with CAD.
Just my little opinion only.
Regards
GBPUSD 06.08.2007
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http://img252.imageshack.us/img252/8...2007sh3.th.png
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Today trade GBPUSD: +110pip!!!
ValTrg
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http://img252.imageshack.us/img252/8...2007sh3.th.png
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Today trade GBPUSD: +110pip!!!
ValTrg
sypultraz, the price should below from slope direction line, be careful with that.. on this picture the price above from slope direction line
It's not a valid Trend Follower trade. If we were to trade all the signals regardless of the positions of green and red lines of the guppy, you would get busted. Yes you would get profitable trades, yes you would get losing trades! But all comes down to eliminating more false signals and trade only those high probability trades. The more trading that you do, the more spread you will have to pay!!! That means if you only opened 5 trades a day, you will already be about -20 pips for that day, regardless of the result of the trade. We are looking for high probability trades! Guppy is a very important factor of the system so one must follow it. The trade was profitable indeed, but it was a breakout trade, we don't trade these for the reasons stated above. We do catch trades +100 pips with trend follower, it happened before and it will happen in the future. Usually those are on gbp/usd, but to catch such a big move, it must move at least about 150 pips. It doesn't happen every day, so we just have to be patient.
To sypultraz: I haven't even noticed it. It is true that the price should be below the slopeline indeed. It is not a rule for the system, but more a general rule. If you see this again be careful on taking the trade.
To sypultraz: I haven't even noticed it. It is true that the price should be below the slopeline indeed. It is not a rule for the system, but more a general rule. If you see this again be careful on taking the trade.
It's not a valid Trend Follower trade. If we were to trade all the signals regardless of the positions of green and red lines of the guppy, you would get busted. Yes you would get profitable trades, yes you would get losing trades! But all comes down to eliminating more false signals and trade only those high probability trades. The more trading that you do, the more spread you will have to pay!!! That means if you only opened 5 trades a day, you will already be about -20 pips for that day, regardless of the result of the trade. We are looking for high probability trades! Guppy is a very important factor of the system so one must follow it. The trade was profitable indeed, but it was a breakout trade, we don't trade these for the reasons stated above. We do catch trades +100 pips with trend follower, it happened before and it will happen in the future. Usually those are on gbp/usd, but to catch such a big move, it must move at least about 150 pips. It doesn't happen every day, so we just have to be patient.
To sypultraz: I haven't even noticed it. It is true that the price should be below the slopeline indeed. It is not a rule for the system, but more a general rule. If you see this again be careful on taking the trade.
As a begineer, I am those very convservative type where my SL is very low and I TP rather early. My TP is around 20 pips. Still trying to adapt to the system.
Regards
HI TheWicker
Thanks for sharing - this is very interesting indeed ... one question regarding timing. Do all the signal have to occur on the same bar ... i.e. if the Languerre crossed below 0.75 on the previous bar and the MACD goes negative on the current bar would you still take the trade (assuming the other signals also line up)
Thanks
Paul
i think you have to read the manual of trend follower....its stated there a the rules and entry plus exit point.....
Made a great trade on the GBP/USD using this system.
Went short at 2.0258 / stop 5 pip above recent high at 2.0277
Closed for +40 pips.
Took the trade why: trend= down
Arrow: red
MACD: below zero
Laq: overbought going below 0.75
Your trading system is fantastic. My trading decisions are much better now.
Currently, I monitoring 4 pairs: EUR/USD, USD/JPY, EUR/JPY and GBP/USD
Yes, Pmurfing, program an ea for this.
TheWicker ...
thanks again for sharing I know you are not keen on an EA but I'd like to have a liitle go at putting one together ...I've written many EA's with varying degrees of success .. so I'll have a go at it ...
so my entry (long) will be when:
1) All Guppy MA's trending up and all correctly ordered
2) Slope Direction Long
and within two bars:
3) MACD ges +ve
4) Languerre goes across 0.15
5) signal goes +ve
Similarly to go short ...
1) All Guppy MA's trending down and all correctly ordered
2) Slope Direction Short
and within two bars:
3) MACD ges -ve
4) Languerre goes across 0.75
5) signal goes -ve
I'll post the results in when it has run a while ...
Human hand and mind can not be replaced by a computer.