Trend Follower 5 Minute System | Page 12 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 HD system (trend follower) 3 replies

Journal for Trend Follower 5 Minute System 9 replies

Trend Follower System Programming 4 replies

A good EA trend follower? 2 replies

trend follower system templates and indicators an issue 5 replies

Attachments: Trend Follower 5 Minute System
Exit Attachments

Trend Follower 5 Minute System

  • #221
  • Aug 16, 2007 4:54am Aug 16, 2007 4:54am
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
Hi Paul,

What curreny pairs do you currently monitor and what timeframes (only the 30 min)?

Can you please add the latest verion of the ea you use?

To add the email function in metatrader, do you need to add the smpt info to get it work or only your email address?

When do you think the real time alert (with red and green arrow) can be finished?

Thanks for all your efforts,
Wim
  • #222
  • Aug 16, 2007 4:58am Aug 16, 2007 4:58am
I've tried this method for a couple days, but I always get 1-2 pips, max 10pips. I think It's because my exit system, could someone please share his/her optimum exit strategi?
  • #223
  • Aug 16, 2007 5:03am Aug 16, 2007 5:03am
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,

Where do we need to add these two MT upgrades?
The first in the ea folder(email) and the second (regular)in the indicator folder?

Thanks,
Wim
  • #224
  • Aug 16, 2007 5:14am Aug 16, 2007 5:14am
Quoting wiper
Hi Paul,

What curreny pairs do you currently monitor and what timeframes (only the 30 min)?

Can you please add the latest verion of the ea you use?

To add the email function in metatrader, do you need to add the smpt info to get it work or only your email address?

When do you think the real time alert (with red and green arrow) can be finished?

Thanks for all your efforts,
Wim
Hi Wim

I'll try and get to the arrows asap ...

yes you need the smtp setting - you should be able to get that from your email hoster...

yes I only do 30 min charts because I found with 5 mins the system would need to be much more agile with it's exits (use pivots etc as The Wicker originally wrote and I have not programmed that) ... with 30 mins using the slope change and a hard stop loss of 30 pips+spread as the exits is working very well. As far as pairs go - at the moment - i'm "trading" ... USD v's GBP, CHF,EUR,YEN,AUD,NZD,CAD ... also YEN v's GBP,EUR,NZD,CHF ...

The YEN is trending great at the moment .... The EA even closed a nice profit off USD/CAD (60+) this morning and that pair is the rattlesnake of all pairs ... so that bodes really well !!!!

as I write .. realised 640 unrealised 1000+ for a week amazingly USD/NZD and USD/AUD are both up around 350 pips each and they are not always so easy either !

Best

Paul
  • #225
  • Aug 16, 2007 6:39am Aug 16, 2007 6:39am
tHANKS Paul.
  • #226
  • Aug 16, 2007 6:50am Aug 16, 2007 6:50am
hi all - is the manual found on the same page as the blog - on page 1 of this thread when I click for the manual or the blog I end up on the same web site. Thx
  • #227
  • Aug 16, 2007 6:56am Aug 16, 2007 6:56am
Yes, the original manual is written in the blog.
  • #228
  • Aug 16, 2007 7:14am Aug 16, 2007 7:14am
Quoting TheWicker
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)
I have nothing to say... but SUPERB!!! today for the time being ... near 2000 pips... it is not a typo....

Great thanks!
  • #229
  • Edited 7:54am Aug 16, 2007 7:33am | Edited 7:54am
I am trying to understand correctly how to exit... read the orig. rules:

Long\Buy
...
EXIT (combined): When you open a position you can then choose to close half of the position on the first pivot point
...


What is the first pivot point?
is it always: Pivot point = (H + L + C)/3
is it daily pivot?
  • #230
  • Aug 16, 2007 7:45am Aug 16, 2007 7:45am
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
Paul,

I had your alert set up on 4 pairs last night.
It worked great with one possible exception. I thought you might want to look at it.

It appears the USD/CHF should have given short signals at 1035 GMT and 1045 GMT. I got no alerts. This is on the 5M IBFX chart.

Thanks for your work.
  • #231
  • Aug 16, 2007 7:50am Aug 16, 2007 7:50am
What are the blue lines? what indicator?
what are the red lines?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: blue.jpg Size: 65 KB
Click to Enlarge Name: red.JPG Size: 68 KB
  • #232
  • Aug 16, 2007 7:51am Aug 16, 2007 7:51am
Quoting billbss
Paul,

I had your alert set up on 4 pairs last night.
It worked great with one possible exception. I thought you might want to look at it.

It appears the USD/CHF should have given short signals at 1035 GMT and 1045 GMT. I got no alerts. This is on the 5M IBFX chart.

Thanks for your work.
Hi

Could you send me a screen shot - as big as you can

Thanks

Paul
  • #233
  • Aug 16, 2007 8:00am Aug 16, 2007 8:00am
Quoting pmurfin
Hi

Could you send me a screen shot - as big as you can

Thanks

Paul
Sure.
I put two vertical green lines where I believe the alerts should have been.

The yellows may not have been sloping down on the second one.
Attached Image (click to enlarge)
Click to Enlarge Name: CHF.jpg Size: 90 KB
  • #234
  • Aug 16, 2007 8:25am Aug 16, 2007 8:25am
Quoting duwi
What are the blue lines? what indicator?
what are the red lines?
The Blue lines are (Pivot) support, Red are resistance
  • #235
  • Aug 16, 2007 8:26am Aug 16, 2007 8:26am
Quoting billbss
Sure.
I put two vertical green lines where I believe the alerts should have been.

The yellows may not have been sloping down on the second one.
Billbss

Not all the green MA's appear to be below all the red - this is the long term trade filter .... When all the MA's are where they should be the text will say Guppy : LONG or Guppy : SHORT ... if ANY of the lines are in disagreement OR if not all the green are below ALL the red it will say Guppy : FLAT and ir will not give a signal

Best

Paul
  • #236
  • Aug 16, 2007 8:29am Aug 16, 2007 8:29am
Quoting duwi
I am trying to understand correctly how to exit... read the orig. rules:

Long\Buy
...
EXIT (combined): When you open a position you can then choose to close half of the position on the first pivot point
...


What is the first pivot point?
is it always: Pivot point = (H + L + C)/3
is it daily pivot?
I'm no expert on the system.

I don't think he meant only pivots.

I see monthly, weekly and daily pivots as well as their support and resistance lines. I assume you can exit on any of these that seem appropriate.
  • #237
  • Aug 16, 2007 8:31am Aug 16, 2007 8:31am
Quoting pmurfin
Billbss

Not all the green MA's appear to be below all the red - this is the long term trade filter .... When all the MA's are where they should be the text will say Guppy : LONG or Guppy : SHORT ... if ANY of the lines are in disagreement OR if not all the green are below ALL the red it will say Guppy : FLAT and ir will not give a signal

Best

Paul
I understand.

Those two would have been losers anyway.

Thanks
  • #238
  • Aug 16, 2007 9:24am Aug 16, 2007 9:24am
Hey TheWicker , I just wanna say thanks for the great system , its the best i ve used ...
To Live is the rarest thing in the world , Most people exist , that is all
  • #239
  • Aug 16, 2007 9:55am Aug 16, 2007 9:55am
This is one of the best systems I've seen and I have looked at a lot of them.

I dislike threads that try to improve a good system until it's beyond recognition. You'll find a lot of those here and at other forums.

Having said that, I'm going to make a recommendation for your consideration.

I think the profit target needs a little work.

It is frequently the case that there are no pivots, support or resistance lines in the path of the trade. I'm in a short USD/JPY trade where that is the case.

Even if there are pivots available, their choice is arbitrary.
Exiting on a change in slope line color seems to eat up too much profit.

Here are some possible alternative exits:

1. Put a 3EMA offset to the right by 3 on the chart. Exit a short on a close above this EMA. Exit a long on a close below it.
( I just exited my trade with this at +22 pips)

This will usually let you ride out a long run, but get you out with a few pips on short price movement.

2. Trade 2 units. Exit one at a PT equal to the initial risk. Exit the second one at 2 x initial risk.
  • #240
  • Aug 16, 2007 10:48am Aug 16, 2007 10:48am
Quoting billbss
This is one of the best systems I've seen and I have looked at a lot of them.

I dislike threads that try to improve a good system until it's beyond recognition. You'll find a lot of those here and at other forums.

Having said that, I'm going to make a recommendation for your consideration.

I think the profit target needs a little work.

It is frequently the case that there are no pivots, support or resistance lines in the path of the trade. I'm in a short USD/JPY trade where that is the case.

Even if there are pivots available, their choice is arbitrary.
Exiting on a change in slope line color seems to eat up too much profit.

Here are some possible alternative exits:

1. Put a 3EMA offset to the right by 3 on the chart. Exit a short on a close above this EMA. Exit a long on a close below it.
( I just exited my trade with this at +22 pips)

This will usually let you ride out a long run, but get you out with a few pips on short price movement.

2. Trade 2 units. Exit one at a PT equal to the initial risk. Exit the second one at 2 x initial risk.
I am going to love that strategy but thinking abt exits too. And that split of targets are only that appears for the time being. But a little more splitted: 3 TP, first mechanical - 50 or 40 pips for example (or initial risk), second mechanical too - 100 pips (or risk x 2), and 3-td... I don't know what ... may be PSAR or just TS at abt 50 pips

Closed gj for 91 pips and uj for 47 pips... both entered @1405 GMT - in that case near to perfect, but just lucky ...
0 traders viewing now