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Trend Follower 5 Minute System

  • #581
  • Sep 5, 2007 4:50am Sep 5, 2007 4:50am
thx to post so clearly your trades.
keep posting like that please!
many thx


Quoting tayser
Here's a nice quickie on the Canucker Dollar I just made in a demo:

http://thehoddlegrid.net/dump/usdcad2.gif

Traders penetrated the other groups a fair bit, EA lit up like a christmas tree and there was a resistance level about 20 pips away. The spread this demo has is pretty shiteful, but it ended up being a nice little 11pip profit. S/L was set at 1.0520. Not great risk/reward, but still profitable and a relatively safe trade.

cheers.
  • #582
  • Sep 5, 2007 4:56am Sep 5, 2007 4:56am
Quoting wiper
Real money or demo?
On demo first, will test it for one month. If ok than i will go for real account.
  • #583
  • Sep 5, 2007 5:00am Sep 5, 2007 5:00am
Quoting TiKin
Hello mattrader,

On the closed trades you posted, which time zone is it in ? GMT or MT4 Moscow.

Thanks
hi Tikin,

The time zone is MT4 Nethersland.
  • #584
  • Sep 5, 2007 5:20am Sep 5, 2007 5:20am
Quoting OwenT
thx to post so clearly your trades.
keep posting like that please!
many thx
No probs.

Check out how far it went:

http://thehoddlegrid.net/dump/usdcad3.gif

guess I was a little trigger happy, coulda woulda shoulda etc.

again, The Wicker, merci beaucoup, vielen dank, thank you very much for sharing this system with us.
  • #585
  • Sep 5, 2007 5:47am Sep 5, 2007 5:47am
Quoting mattrader
Hi Everyone, i have been following this thread for the past 2 weeks. I have try this trendfollower system just one week and the result quite positive. My own opinion is there's no other system can beat trendfollower because it comprising multi indicators in one system which eliminated a lot of false signal. Furthermore i like the rainbow very much as it makes me feel confident each time i enter a trade. If the trade is good, we can gain 100 pips over easily. I would like to share my closed position for today. Very nice indeed!

Once again thanks a lot to The Wicker, you have done a very fantastic job by creating such great system! Walla
Hello mattrade,

If you use the 5M chart, I just don't see where you took the signals on many trades, can you post some charts.

Thanks
  • #586
  • Sep 5, 2007 8:25am Sep 5, 2007 8:25am
Quoting TiKin
Hello mattrade,

If you use the 5M chart, I just don't see where you took the signals on many trades, can you post some charts.

Thanks

I don't use 5M chart, only use 1 hr chart. As The Wicker said this system can use any timeframe so 1 hr chart suitable for me. Look at the chart below and find the black dot, there's where i start enter trade. For the GBP/JPY it came out the same signal, the same trend.
Attached Image (click to enlarge)
Click to Enlarge Name: One hour chart.jpg Size: 146 KB
  • #587
  • Sep 5, 2007 8:30am Sep 5, 2007 8:30am
Quoting TheWicker
You were more or less lucky, you see the bar at the signal as well as next one didn't have MACD above 0. Only the second bar after the signal was meeting these conditions. We don't trade setups like this usually.
Ok thank you
  • #588
  • Sep 5, 2007 9:36am Sep 5, 2007 9:36am
when i have a signal but the price faces a resistant or support,, should i wait till it breakes it or go in trade after the signal ??
  • #589
  • Sep 5, 2007 12:20pm Sep 5, 2007 12:20pm
Quote
I highly recommend reading more about GMMA's. The best book being "Trend Trading" by the man himself - the book is geared toward EOD ASX trading, but the principles are discussed at great length throughout the book.

http://www.guppytraders.com/trend_cover.gif

Very good point! I would advice everyone to read as much about the guppy as possible, since it can be said that it is the most important indicator in our system.
  • #590
  • Sep 5, 2007 1:00pm Sep 5, 2007 1:00pm
Hello Wicker,

I am not able to have Gold chart on my MT4 station (Mig, Suisse), there might be a way that you could tell me about in order to post it. All I have availables are currencies.

Thanks
  • #591
  • Sep 6, 2007 3:07am Sep 6, 2007 3:07am
By the way,this system works well with Auslanco's systems/indicators here in FF
Measure twice, cut once
  • #592
  • Sep 6, 2007 9:53am Sep 6, 2007 9:53am
Hi guys... Why is it I keep getting the "preview trend follower signal was expired on 1 Sept 2007" ....

Any idea on how to solve it ???
  • #593
  • Sep 6, 2007 10:03am Sep 6, 2007 10:03am
Quoting Syahmi
Hi guys... Why is it I keep getting the "preview trend follower signal was expired on 1 Sept 2007" ....

Any idea on how to solve it ???
really don't know , but think u have this msg coz of the expert
  • #594
  • Sep 6, 2007 1:44pm Sep 6, 2007 1:44pm
Hello Traders,

When talking about MACD above or bollow 0, does it means the histogram or the signal line or both.

Thank you and wondefull to be making these pips
  • #595
  • Sep 6, 2007 1:51pm Sep 6, 2007 1:51pm
Quoting TiKin
Hello Traders,

When talking about MACD above or bollow 0, does it means the histogram or the signal line or both.

Thank you and wondefull to be making these pips
MACD must have positive value
  • #596
  • Sep 6, 2007 2:04pm Sep 6, 2007 2:04pm
Thank you so much

Quoting eng_forex171
MACD must have positive value
  • #597
  • Sep 6, 2007 2:35pm Sep 6, 2007 2:35pm
Quoting TiKin
Thank you so much
when u get signal arrow u must check macd value at signal bar or the one next it
in long trade must be positive
in short negative
  • #598
  • Sep 6, 2007 2:52pm Sep 6, 2007 2:52pm
short signal with 15 tf
Attached Image (click to enlarge)
Click to Enlarge Name: TF 96 USDCHF GO SHORT @M15 TIME=22-15.gif Size: 29 KB
  • #599
  • Sep 6, 2007 3:01pm Sep 6, 2007 3:01pm
Hello eng forex171

I see your signal on 15M, have you tried it for a while and what are the results in comparison to 5M ? 4PM in NY, I was under the impression that would of been to late to place a trade.

Thanks again
  • #600
  • Sep 6, 2007 3:39pm Sep 6, 2007 3:39pm
Hi,

I'm new to this thread. I followed the steps and installed the MetaTrader 4 on my computer. I also downloaded the TrendFollower.zip file, unzipped it and put all the files into ..\templates folder. But when I open my Metatrader4, my screen looked like different. I tried to add some indicators mentioned by TheWicker and could not find these indicators like Signal Arrows, Volatility Channel, Laguerre, Slope Direction Line, and Pivot Points.

I knew I did something wrong. Any help will be appreciated.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: MyScreen.jpg Size: 138 KB
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