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Trend Follower 5 Minute System

  • #201
  • Aug 15, 2007 2:54pm Aug 15, 2007 2:54pm
Hi Guys

Profits so far (as i write)

Realised +485 GBP/JPY
Realised -5 USD/CHF

Unrealised (see attached) +335

total pips as I write (for the week on 30min charts) 820!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: profit.jpg Size: 24 KB
  • #202
  • Aug 15, 2007 3:01pm Aug 15, 2007 3:01pm
Quoting wiper
How can I thank you.. W
If you're having success and would really like to thank me, you may donate a percentage to a humanitarian organization of your choice. Or give something to someone you don't know. In fact everyone who wants to express gratitude to me should do this.
  • #203
  • Aug 15, 2007 3:03pm Aug 15, 2007 3:03pm
Guys

This is a small upgrade you can control whether you want

1) Email Alerts
2) Regular Alerts

Both are input parameters

Enjoy

Paul
Attached File(s)
File Type: ex4 SignalTrendFollower.ex4   12 KB | 2,936 downloads
File Type: mq4 SignalTrendFollower.mq4   11 KB | 3,531 downloads
  • #204
  • Aug 15, 2007 3:16pm Aug 15, 2007 3:16pm
Quoting pmurfin
Guys

This is a small upgrade you can control whether you want

1) Email Alerts
2) Regular Alerts

Both are input parameters

Enjoy

Paul
Where do i enter the email address text once i turn on the email alerts to true?
  • #205
  • Aug 15, 2007 3:19pm Aug 15, 2007 3:19pm
On the main metatrader menu tols->options->email
  • #206
  • Aug 15, 2007 3:25pm Aug 15, 2007 3:25pm
Quoting pmurfin
On the main metatrader menu tols->options->email
Thanks, can't wait until we have the automated version completed. Seems like the 30 minute charts are giving some great results. Still just utilizing the change in slope color to signal the exits? And what are the stops initially set at?
  • #207
  • Aug 15, 2007 4:49pm Aug 15, 2007 4:49pm
Wicker,

Well, I've read through the complete thread. I must say it's an interesting system. I am testing it in a demo account now...using manual trades. How long did you trade like this?

You say it can work for any time frame....would the results then be smaller gains in the smaller time frames and larger ones in the longer? Of course, you also have to have steel guts to let the long ones go through their ups and downs...

My biggest problem is I can't stay and watch my computer. Woudl this system work on say an Oanda platform? I don't know how you would create some of the indicators....?

Thank you for providing this system. I'd be interested in hearing some stories from your trading days...

Thanks again,

LYle
  • #208
  • Aug 15, 2007 5:18pm Aug 15, 2007 5:18pm
Hi Lyle,

Hope you don't mind me butting in but while your waiting for an answer from Wicker...

It sounds like you are doing same as me which is getting the signals from MetaTrader then placing the positions manually with Oanda?
I too have the same problem of not having the time to watch the screen every minute of every day but I'm rarely far away so could get to the PC if prompted.

pmurfin (Paul) is doing a brilliant job automating the entry signal and I am in the process of testing the email alert function he so kindly published a few posts ago. Many (probably most) mobile phones these days can receive standard emails at very little cost (much less than a text message) and I am intending use mine to receive alerts when away from the PC.

Maybe others know of a better way, if so I would be pleased to hear of it.

regards,
Ed
  • #209
  • Aug 15, 2007 5:52pm Aug 15, 2007 5:52pm
Quoting pmurfin
Guys

This is a small upgrade you can control whether you want

1) Email Alerts
2) Regular Alerts

Both are input parameters

Enjoy

Paul
Thanks for the expert but please tell me when i must entery long or short ?
if signal was long i must entery long ? i'm true ?
  • #210
  • Aug 15, 2007 7:02pm Aug 15, 2007 7:02pm
Hi Paul (pmurfin),

Just to let you know I just got my first email alert using your latest release.

Worked perfect first time.

Can't thank you and Wicker enough for sharing all your efforts with the rest of us.

Cheers,
Ed.
  • #211
  • Aug 15, 2007 10:47pm Aug 15, 2007 10:47pm
TrendFollower.zip
http://www.mediafire.com/?3jmzmjw11vx

blog http://www.bustathief.com/2007/07/ea...-follower.html

If The Wicker - Urban Sotensek - JohnSON allow I will update with great work of pmurfin - Paul

Thank You!
  • #212
  • Aug 16, 2007 12:26am Aug 16, 2007 12:26am
Quoting lsteinhardt
Wicker,

Well, I've read through the complete thread. I must say it's an interesting system. I am testing it in a demo account now...using manual trades. How long did you trade like this?
I've been trading only this system, for more than a year.

Quote
You say it can work for any time frame....would the results then be smaller gains in the smaller time frames and larger ones in the longer? Of course, you also have to have steel guts to let the long ones go through their ups and downs...

I have never said that! I haven't tested, only tried it on other time frames so it would be stupid of me to claim that. Though there is a huge chance it works on every time frame, because usually if it works on a 5minute it works on all time frames above.

Quote
My biggest problem is I can't stay and watch my computer. Woudl this system work on say an Oanda platform? I don't know how you would create some of the indicators....?

Have two platforms open. You can watch the indicators on mt4 and execute trades on Oanda.
  • #213
  • Aug 16, 2007 12:40am Aug 16, 2007 12:40am
Quoting musketeer
TrendFollower.zip
http://www.mediafire.com/?3jmzmjw11vx

blog http://www.bustathief.com/2007/07/ea...-follower.html

If The Wicker - Urban Sotensek - JohnSON allow I will update with great work of pmurfin - Paul

Thank You!
Thanks for the mirror, I have added it to the post. You may do or update the EA (or the signal)? The proper system indicators and rules are posted in the blog, once the signal is fully complete I may add it to the original post, maybe also the EA which I believe has huge potential despite the fact I don't like EA's .

HOWEVER: Most of the times the original work gets lost through interpretation of hundreds and their asumptions. I don't want this to happen here. (a great chance persists that it will, but you have the original post in the blog)
  • #214
  • Aug 16, 2007 12:56am Aug 16, 2007 12:56am
Quoting pmurfin
Guys

This is a small upgrade you can control whether you want

1) Email Alerts
2) Regular Alerts

Both are input parameters

Enjoy

Paul
Hi Paul,

Are those upgrades both ea's?

Thanks,
Wim
  • #215
  • Aug 16, 2007 2:19am Aug 16, 2007 2:19am
Hi All

Glad to hear the email function is working fine ...

To The Wicker ... I've been programming and testing EA's (or equivalent on other platforms) for a long long time and so far this is working better than anything else I have worked with!!!!! I'm running on 30 min charts and the quality of the entries is absolutely amazing but most noteably is the lack of trades - early in this thread you wrote that you may have to wait a long time for a trade but it will likey be a good one ... that is just so true ... when I first set the autotrader running the markets were pretty flat after some big moves and it just did not trade in that flat period - that for me is the MOST POWERFUL feature of this system - overtrading kills!!!!!

As I write the numbers from the autotrader are too scary to think about!!!!!!!!!

Realised profit +648 pips
Open profit +757 pips

This is from friday last week ... so just a week in !!!!

Thanks for sharing this it really is a wonderful system !!!!!

Best

Paul
  • #216
  • Aug 16, 2007 2:48am Aug 16, 2007 2:48am
Quoting pmurfin
Hi All

Glad to hear the email function is working fine ...

To The Wicker ... I've been programming and testing EA's (or equivalent on other platforms) for a long long time and so far this is working better than anything else I have worked with!!!!! I'm running on 30 min charts and the quality of the entries is absolutely amazing but most noteably is the lack of trades - early in this thread you wrote that you may have to wait a long time for a trade but it will likey be a good one ... that is just so true ... when I first set the autotrader running the markets were pretty flat after some big moves and it just did not trade in that flat period - that for me is the MOST POWERFUL feature of this system - overtrading kills!!!!!

As I write the numbers from the autotrader are too scary to think about!!!!!!!!!

Realised profit +648 pips
Open profit +757 pips

This is from friday last week ... so just a week in !!!!

Thanks for sharing this it really is a wonderful system !!!!!

Best

Paul
many thanks pmurfin
when we can have autotrader EA
I am so excited for this EA and think it will be a great ea as you say doesnt trade in choppy market (This is a big problem for all ea)
i am waiting for auto trader ea
Thanks
  • #217
  • Aug 16, 2007 3:34am Aug 16, 2007 3:34am
Dear sir,
This is an amazing system!! Is there someone who'se willing to make the e-book? btw I still confuse about the entry and the exit strategi. When do we enter? after the signal n the conditions met, or the next to the signal? and what is the best exit strategi? thanks for sharing. great strategi..

btw. mr. Paul, is the ea has been finished, I'm willing to test it, could please PM'ed me when it is finally done.
  • #218
  • Aug 16, 2007 4:12am Aug 16, 2007 4:12am
Wicker,

No problems about your statements. I have been watching it on the hourly, daily, and 5min time frames. It looks to be real consistent. My biggest problems with trading are knowing where to put a stop loss to protect myself.

I didn't mean to mislead you. I use Metatrader to trade with...but I can see the markets from work only with Oanda. Of course, LogMeIn would let me trade at work...but then there is the network bandwith I'd be using from work...which might get me into trouble.

I have been developing an email trader...where I can send an email home with a command and Metatrader will read it and execute it on the next tic...so far I have it sending me email statuses. I know, MT4 can send emails on alerts and I can publish a current statement online as well...but I am developing it to perform opens/closes and change SL/TP settings. But that's another topic....

Lyle
  • #219
  • Aug 16, 2007 4:16am Aug 16, 2007 4:16am
Ed,

As I explained above, I can see the markets from work with Oanda...I do have an FXGame account there. I haven't opened a live account there yet. I should, then I could have more "fun" losing money...uhhh..trading, I mean. I like the fact that they pay interest. I just don't have disposable funds yet to "play" that much with. Of course, this method of trading, might just help that problem. It seems to be simple...and reliable...and colorful of course!

As for the EA, I eagerly await Pmurfin's release of the EA with trading capabilities.

lyle
  • #220
  • Aug 16, 2007 4:50am Aug 16, 2007 4:50am
I have just started to demo this method, using a demo account. Here are my results from last night. Looks promising so far. I am trading on a 5 min chart so I am not expecting a ton of pips, but am very pleased with the results so far. Here they are with the spreads figured in:

GBP/USD +15
EUR/USD +11
USD/CAD +9
EUR/JAP +45 !!
USD/CAD +12
EUR/USD -3

The small loss occurred while i was sleeping, it hit my trailing stop, looking back on that timeframe, I probably had my TS too close as the trend continued. Oh well, you gotta sleep sometime

Wicker, thanks a ton for sharing your system.

Ron.
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