Trend Follower 5 Minute System

Hi,

Thanks for the great sharing, can you share also the volatility band indicator, RSI price line and TDI?

Thanks.

Hi again,

I just closed out another Usd/Jpy trade a little while ago so I thought I'd post this chart to show you another example of the EASY TREND 5 hybrid system.

I missed an earlier entry on this trade because I was having supper

Hi pip sheker,

The volatility band and RSI are all in the indicator I posted on post#434

The indicator is called Traders Dynamic Index. Also on the charts I've changed the 34 Hi and Low EMA's to 5 Hi and Low smoothed Moving Average. This is our Price Action Channel P.A.C. for short.

Hi Thunderwolf,

Thanks for the direction, since this is an ex4 file is there any expiry date on it???

Regards

Not that I'm aware of, but I'll look into it.......T- Wolf

a little bit Out Of Topic. T-wolf, what the best Time Frame for this setup? m30 or m15?

Hi gunset,

This system will work on any Time Frame you enjoy trading. So far I've been on the 5 min. chart because I still look for trading signals from Wicker's Trend Following system,but if I don't see any I switch to the EASY system to look for reversals, retracements or breakouts. I always check the 4 HR or 1 HR charts to see the overall trend and where the 5 Min. chart fits within that trend. I do this to find my Support and Resistance areas.

I also like the 5 min. charts because there's lots of action and you can catch the moves faster, but you really can trade any time frame you like!!

....T-Wolf

Had some nice setups on the AUDUSD today - 40 pips on a demo account this morning AEST (Melbourne time).

many thanks for sharing Wicker.

Can the Trend Follower 5 Minute System be ported to vtTrader platform?

Loving the hybrid.
Question: Does the Heiken Ashi go on top of Candles or Bars? Which button should I have depressed? This is undoubtedly the prettiest chart ive ever seen.....very colorful.........Lol

Hey Jim Dandy

How you doin? -Good I hope! The H. A. candles should be already to go on the template I posted on # 434. On most MT4 platforms Heiken-Ashi candles are included under custom indicators on the toolbar so the template should have loaded them in.

Other wise on your toolbar click on line chart,now your candles should be gone, next click on indicators, go down the menu to custom,
find Heiken-Ashi and click on it, you should now have white and red H.A. candles on your chart. To change color of candles right click on an H.A. candle and select edit; on input you'll see 4 colors, the top 2 are the wicks or shadows, the 3rd is body color of bull candle and the 4th is body color of bear candle. Then go to colors and set them the same colors as you have under inputs.

The colors on my charts are top 2, black for the wicks, then dark green for bull and crimson for bear candles. Then right click on chart, go to properties and check to make sure line graph is the same color as you background color.

Phew, that was a mouthful,anyway if you had all the indicators loaded for both systems the template should have come out looking like the Usd/Jpy pics. I posted previously.

So you're an Elliot Wave fan, cool... We should have fun with that and Gartley Patterns like Butterflies and AB=CD stuff.

I'm glad you like the EASY Trend 5 hybrid, it should pull out a lotta pips for us some where over the Rainbow. If I can help with any other questions just ask.

Have a great weekend JIM DANDY ....T-Wolf

Hi T-Wolf,

thanks for ur time posting and sharing with us ur system. if u dont mind, could u share with us more abt the rules u use? i have gone thru the pdf file u shared with us, but what are the rules to trade using it with the 5min trend follower system. rules like taking a counter trend trade and stuff like that and maybe some money management rules.

i m sorry for the trouble.

thanks for all ur help,
Andrew

Hi,

Nice system we have in this thread.
Very similar to the one I use with stocks.

When will a EA be avaible for testing ?

I have a test account (live) that can test this EA live.

Small question:
Is there a difference between test account and Live ?

I have heard there is a difference in the way brokers handle demo and live accounts. I haven't observed this.
The only thing I have noticed is that demos are sometimes locked out at news time.

In the hybrid EASY template , i noticed a grey line on the smoothed heiken aishi bars , wat exactly is that ? i didnt see any extra moving averages on the indicators list , so must be something else ...

Hi,

The H.A. candles are created off the line chart. The line chart plots the closing prices only on the time frame you're on. Let's say 5M chart, so each 5min. period the line will print to whatever the close price was of that period.

You are seeing the line graph behind the candles. Go to properties on your chart and make sure line graph color is the same as the background color of your chart. That will eliminate the line you're seeing most of the time . When price is going through the rainbow colors you may see little bits of the line here and there, but most of the time it won't be visible.

Very observant of you, that was a good question! Thanks Maheswara, hope that answers your inquiry

Hi,
CAN SOMEONE PLEASE HELP ME WITH THIS PROBLEM?
I've downloaded the trend followers template and indicators in the compressed zip file from TheWicker's website. I then opened the file and copied the template. I tried to paste it to MT4/templates but the "paste" function doesn't show up so I can't paste it in. What am I doing wrong?
Many thanks
Jbone

Hi Pmurfin,
I would also be happy to test this EA on my live account if you are happy to release it?

Steve

Hello Andrew,

How's your weekend going? Good I hope!
About rules for hybrid system...Hmmm, First thing I do is check higher time frame charts like Daily, 4H , 1H to see overall trend, check for support and resistance areas and see if we're near those areas on 5M chart. For 5M trend follower trades, you follow the rules that Wicker gave us and confirm the trade by checking to see if RSI on the TDI indicator [Traders Dynamic Index] is crossing the 50 line. If going long, the close price of H.A. candle should be equal to or greater than the value of the upper 5 smoothed average channel.
If these conditions are met, enter the trade. I then place my stop loss 5 to 10 pips below the lower 5 smoothed average channel value.

On my post#431 , you can see that trade I took long violated the 5Min. trend following rules because the Laguerre was near the .75 area.
I took the trade because 1.Guppy moving averages were coming out of contraction,and starting to expand, Green was over the Red MA's 2. RSI on TDI came down to 50 then turned back up going through the red signal line and yellow base line. 3. MACD was above 0 , going up 4. Laguerre started curling up towards the .75 line still showing strength. and 5.The Heiken Ashi candles were trending up with no lower wicks, indicating strength in the uptrend. The candle before the candle I entered on closed at a higher value than the value of the upper 5 smoothed hi channel, so I entered on the opening of the next candle.
I closed the trade at 117.03 which was a resistance pivot and the HA candles were smaller and starting to show lower wicks, indicating strength of trend was slowing down. Plus isn't 102 pips profit enough ?

Are you following me?

Next Trade on same post#431 - A counter trend E.A.S.Y. trade

Entered a sell position @ 116.60....Why ? 1. Guppy MA's were starting to contract, yellows crossing over oranges 2.MACD had peaked and was sloping down towards the 0 line 3. Laguerre was below .15 and could not break above it showing continued down trend strength. 4.RSI on TDI crossed below the 50 line. 5.Nice downtrending HA candles , and close of candle was less than lower 5 smoothed channel value

On the 3rd candle after I entered I encountered 4 doji like green candles but they never broke over the upper price action channel smoothed moving average. MACD never went above the 0 line. RSI never crossed back over the 50 line and Laguerre stayed flat on the 0 line.

So I stayed in the trade until 115.86 where I closed and took another 74 pips profit. I closed because we had crossed a pivot at 115.98 and a green candle started forming and I thought we might retest that pivot.

Andrew, I hope I explained all of this good enough for you and I will explain more in future posts.

Take care! .....T-Wolf

Hello T-Wolf,

Thank you for sharing your E.A.S.Y. system - I really appreciate your clear logic and approach with this.

The question I have is regarding your 'hybrid' approach. I understand that your E.A.S.Y. system is a stand alone. When you hybridize it with the Trend Follower M5 System, are you asking that all conditions (of both systems together) are fulfilled for an entry, and as soon as an exit signal from either one or the other system occurs, you quit the trade?

This would be the most conservative approach and I imagine this would really reduce the number of trades and time of exposure to the market. Is this the idea, to gain more accuracy?

Or are you replacing some elements from one system with elements of the other system?

I know you have started giving us some examples and I am trying to work through them - but perhaps you could also answer this more generally how your new hybrid works?

Thank you for all the good work and for sharing - most appreciated.