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Trend Follower 5 Minute System

  • #541
  • Aug 30, 2007 5:15pm Aug 30, 2007 5:15pm
I never tried it on USD/CHF.

Right now the volatility isn't big enough, so I wouldn't use this signal.

I wouldn't use it with low volatility pairs on such a small time frame, I think.

Edit: I use it on Frankfurt and London open (sometimes earlier) and then again 1-2 hours before NY open. During NY it can be very choppy, so look out.


Quoting gunset
@kurti thnaks for sharing. it's a great method there.

btw I've got a signal on USDCHF at 22.04 GMT entry is 1.2044, please check thanks..
  • #542
  • Aug 30, 2007 5:50pm Aug 30, 2007 5:50pm
Hi TheWicker!

Once again, thanks a lot for sharing with us your system. It's is very useful for becoming a better trader, so say the very least.

How did you arrive to the combination of your criteria? Did you combine several indicators you saw elsewhere, or was it the result of "trial-n-error" experience, or the result of analytical study/back testing?
One Chart is Worth Ten Thousand Words.
  • #543
  • Aug 30, 2007 10:45pm Aug 30, 2007 10:45pm
Are any members interested in "pooling" money together and have an EA written if granted permission from the author? I know of a programmer on the tsd website that comes highly recommended.
  • #544
  • Aug 31, 2007 2:45am Aug 31, 2007 2:45am
Quoting 4newbie
oh.. missed very good signal for buy at usd\jpy
signal was at 15:25 GMT but i entered later and now iam in small profit


soon should be good signals for GBP\USD AUD\USD AUD\JPY NZD\USD and EUR\JPY !

watch and choose one or more

edited: just bougth AUD\JPY and NZD\USD

yeah!

At the moment AUD\JPY +140 pips ( opened two oreders )
NZD\USD +25pips( opened two orders)

but unfortunetly usd\jpy closed by SL with long candle, very long "

but its works great!
  • #545
  • Edited Dec 18, 2007 3:27pm Aug 31, 2007 5:34am | Edited Dec 18, 2007 3:27pm
Life Can be funniy and interesting. Just when one is getting confused and annoyed with the many signals subscribed to, Software Bought and So Many other Lies that we Pay heavy money to acqiure, Then Comes God in the Form of Trend Follower 5 Minutes System.

In Three Days, Trading GBPUSD, EURUSD, GBPJPY, EURJPY, USDJPY, NZLUSD, USDCAD, USDCHF has return well over 500pips.

It is so amazing that i plugged it straight into my Life Trade and Men the result became even Better.

I am a little aggressive and Thanks to the System, i am calmer now, i am patience now, set trade and play scrabble (Learning) imagine.


I am very impressed and i am not lacking anything on the system, my only problem with the system is that i take trades most times when the Blue is visible and the pull back is finished.

Sorry Bro, i am not being Greedy, just enjoying you.

Thanks

You can see me Here Link Removed

Retson Tedheke
Life is What You Make It
  • #546
  • Edited Dec 18, 2007 3:27pm Aug 31, 2007 8:48pm | Edited Dec 18, 2007 3:27pm
Hi retsonbiz,
I'm glad the system is working well for you. Would you mind posting a few charts to show how you trade: time frame, SL, how you enter and take profit? It would be most helpful for me.
Many thanks
Quoting retsonbiz
Life Can be funniy and interesting. Just when one is getting confused and annoyed with the many signals subscribed to, Software Bought and So Many other Lies that we Pay heavy money to acqiure, Then Comes God in the Form of Trend Follower 5 Minutes System.

In Three Days, Trading GBPUSD, EURUSD, GBPJPY, EURJPY, USDJPY, NZLUSD, USDCAD, USDCHF has return well over 500pips.

It is so amazing that i plugged it straight into my Life Trade and Men the result became even Better.

I am a little aggressive and Thanks to the System, i am calmer now, i am patience now, set trade and play scrabble (Learning) imagine.


I am very impressed and i am not lacking anything on the system, my only problem with the system is that i take trades most times when the Blue is visible and the pull back is finished.

Sorry Bro, i am not being Greedy, just enjoying you.

Thanks

You can see me Here

Retson Tedheke
  • #547
  • Sep 2, 2007 10:34am Sep 2, 2007 10:34am
Quoting Forex007
Hi TheWicker!

Once again, thanks a lot for sharing with us your system. It's is very useful for becoming a better trader, so say the very least.

How did you arrive to the combination of your criteria? Did you combine several indicators you saw elsewhere, or was it the result of "trial-n-error" experience, or the result of analytical study/back testing?
It was a combination of all. Studying books, trying several systems, trying indicators, studying how they work and why they work like that. I was trying to eliminate most of the false trades, choosing only the best ones. After many mistakes, trial runs and improvements, the final result came.

Throwing everything in, the system should have:

a) high probability rates
b) proper win/lose ratio
c) timing
d) not too many trades, only focus on the high probability (reducing the trading and thus the amount of money you will have to give your broker (spread)
e) every indicator should play an important role (rather than choosing them randomly)
f) system should be easy and effective
  • #548
  • Sep 2, 2007 11:18am Sep 2, 2007 11:18am
Quoting TheWicker
It was a combination of all. Studying books, trying several systems, trying indicators, studying how they work and why they work like that. I was trying to eliminate most of the false trades, choosing only the best ones. After many mistakes, trial runs and improvements, the final result came.

Throwing everything in, the system should have:

a) high probability rates
b) proper win/lose ratio
c) timing
d) not too many trades, only focus on the high probability (reducing the trading and thus the amount of money you will have to give your broker (spread)
e) every indicator should play an important role (rather than choosing them randomly)
f) system should be easy and effective
great words from great man
thx 4 every thing
  • #549
  • Sep 2, 2007 6:36pm Sep 2, 2007 6:36pm
Any performance or backtest of the system ?
  • #550
  • Sep 3, 2007 6:43am Sep 3, 2007 6:43am
TheWicker,

Which pairs do u trade ?
  • #551
  • Sep 3, 2007 7:08am Sep 3, 2007 7:08am
I think the pair already stated in his web site. there are GBPUSD, USDJPY, USDCHF, EURUSD, USDCAD, AUDUSD, EURJPY and gold. hope this helps..
  • #552
  • Sep 3, 2007 1:02pm Sep 3, 2007 1:02pm
Quoting 4newbie
TheWicker,

Which pairs do u trade ?
I mentioned which pairs I trade in the first page as recommended. In addition I also sometimes trade the aud/usd nzd/usd, and gbp/jpy.
  • #553
  • Sep 3, 2007 1:21pm Sep 3, 2007 1:21pm
Quote
Short\Sell
ENTRY: First We wait for a short signal alert
GUPPY MMA: The green lines must be below the red lines! Green, Red and Yellow lines must agree and head south.All the lines must be going in the same direction!
LAGUERRE: Laguerre line must cross the 0.75 from above and head down
MACD: This is important! When you get the signal MACD must be below 0

LAGUERRE only must cross the 0.75 or i can be also just below 0.75 ?
  • #554
  • Sep 3, 2007 1:50pm Sep 3, 2007 1:50pm
Hello Traders;

Wicker recommends trading his system during Euro/London open until New York close. I was wondering if any of you were trading the Asian session with the Jpy, Aud, and Nzd pairs and if so, what kind of results are you having or do you feel that all pairs should only be traded at the Euro/London open ?

Looking forward to your comments.....T-Wolf
  • #555
  • Sep 3, 2007 9:54pm Sep 3, 2007 9:54pm
dear sir,
please check my chart below, is it a legitimate entry?? thanks.. it's EURUSD m5.
Attached Image
  • #556
  • Sep 4, 2007 12:38am Sep 4, 2007 12:38am
It is, but I assume it is out of our trading time (eur/us).
  • #557
  • Sep 4, 2007 1:24am Sep 4, 2007 1:24am
oh thanks for the answer.. Did anyone have tried this system on london time?
  • #558
  • Sep 4, 2007 7:28am Sep 4, 2007 7:28am
Hi TheWicker,
I like your pivotpointsmultitimeframe indicator. Is there any way (in the indicator) to make the width of the pivot lines narrower other than going into the properties of each line? But even if you do that they change back to wide when you go to another chart time frame.
Many thanks
jbone
  • #559
  • Sep 4, 2007 8:23am Sep 4, 2007 8:23am
Made 25 pips today on EUR/USD using the system (5 min chart). Entry short 1.3578 / stop 1.3595.

Closed at 1.3553.
Closed maybe too early but i'm happy with my 25 pip gain.
  • #560
  • Sep 4, 2007 8:37am Sep 4, 2007 8:37am
Hi everyone, first post on the thread of this very interesting strategy!
I did 44pips on usd/chf, bought @ 1.2098 and closed just now (because of the ism in 30 min) @ 1.2142.
It was on 30min with my stop @ 35pips.
Here is my strategy for sl and tp:
general rule: I start with sl @ 35 pips and I close when slope changes.
exeptions: when there is a signal (green or red arrow) in the opposite direction of my trade I move my stop to +10 if I'm in positive enough or @ -15 if I'm between -5 and +20.
I try to always enter at a better price than the output value of the candle at which the signal appeared.

to wiper and the others who are forward testing this strategy, could you share your exact entry and exit strategy please?

To all of you, be carefull with ism soon...good trade!
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