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Trend Follower 5 Minute System

  • #601
  • Edited Sep 7, 2007 7:13am Sep 6, 2007 3:45pm | Edited Sep 7, 2007 7:13am
u should put the indicators at ( metatrader4/experts/indicators )
then put template file ( its extension . tpl ) at ( metatrader4/templates )

then close ur metatrader and run it again and load the template file ,
and iam sure u will have the same chart view of mine
  • #602
  • Sep 7, 2007 7:09am Sep 7, 2007 7:09am
Quoting eng_forex171
u should put the indicators at ( metatrader4/experts/indicators )
then put template file ( its extension . tpl ) at ( metatrader4/templates )

then close ur metatrader and run it again and load the template file ,
and iam sure u will have the same chat view of mine

Hi eng_forex171,

It works.

Thank you so much.
  • #603
  • Sep 7, 2007 7:23am Sep 7, 2007 7:23am
got signal to go short usd/chf half hour ago and reached the target
Attached Image (click to enlarge)
Click to Enlarge Name: 12.JPG Size: 83 KB
  • #604
  • Sep 7, 2007 7:29am Sep 7, 2007 7:29am
How come I always got expired signal.... preview trend follower expired on 1 sept 2007... what to do ???
  • #605
  • Sep 8, 2007 10:54am Sep 8, 2007 10:54am
Hi there... Could anybody here post a trend follower EA that won't expire as it did on my chart ? Why it expired in the first place ?
  • #606
  • Sep 8, 2007 12:58pm Sep 8, 2007 12:58pm
hey bro. try this one
iam using this expert without any problems .
Attached File(s)
File Type: mq4 SignalTrendFollower + SnapShot.mq4   11 KB | 1,518 downloads
  • #607
  • Sep 8, 2007 1:54pm Sep 8, 2007 1:54pm
What is the snapshot function?

Thanks,
Wim
  • #608
  • Sep 9, 2007 9:19am Sep 9, 2007 9:19am
Thanks bro...
  • #609
  • Edited 9:48am Sep 9, 2007 9:33am | Edited 9:48am
I HAVE THREE QUESTIONS FOR TheWicker
First of all, THANK YOU so much for making your excellent system available to all of us...for free no less! I just "graduated" from the newbie training school over at babypips[dot]com. Beyond that, I have zero experience with the Forex. Never downloaded any software. Never ran any demos. Never even set up an account anywhere. I'm still just learning and trying to decide if Forex is just a gambling game, or if it can be a real long-term money maker.

So the thing that I LOVE most about your system is that the rules seem to be very conservative on which trades you're allowed to take. And it seems that you're much more likely to have winning trades every single time. So even though you may have fewer trade opportunities, it makes the Forex less of a gamble and more of a legitimate investment strategy. The second thing I LOVE about your system is that it requires HUMAN interaction to enter and exit trades. All this EA robot trade stuff scares me, and I think it could drastically reduce your success rate. So bravo to you for making a system that allows ME to make a decision and not rely on a bot to do my thinking for me.

Ok... on to my questions:
I'm still trying to grasp the fundamentals of money management, so this is important to me in terms of how much leverage to use on any given trade. I know that leverage can help you reap BIG profits or suffer DEVASTATING losses. But it seems to me that with a conservative enough trading system (such as yours), you could afford to use higher leverage, because your wins would greatly, greatly outnumber your losses. So that brings my three questions...

(1) What measure of leverage do you normally use to quantify your trust in this system? 100:1? 50:1? 25:1? 10:1? 3:1?
(2) What percentage of your bankroll are you willing to risk on any given trade (and does that percentage vary according to market conditions)?
(3) Are you able to estimate/average (and are you willing to publicly state) your win/loss ratio in terms of winning/losing trades and also winning/losing pips over a long period of time?

PS... I trust what you say, because it's obvious that you have been doing this a long time. You have designed a brilliant system. You're not trying to profit from your system (by giving it away free). And your Bustathief website is really great. I've enjoyed reading many articles there. Great job all around, and a sincere thank you!
  • #610
  • Sep 9, 2007 4:53pm Sep 9, 2007 4:53pm
Quoting eng_forex171
MACD must have positive value
As you mentionned MACD must be positive but there are 2 numbers. When you put your mouse over a MACD on a buy, the value can be positive but the signal still negative; so what is exactly meant by MACD above or bollow 0.

I sure hope that the Wicker could answer that one please, as this is a little confusing.
  • #611
  • Sep 10, 2007 5:48am Sep 10, 2007 5:48am
Hello Brainwrek,

thank your for your comments! Lets get on it straight away and answer your questions:

1. Leverage. This depends only on your money power. If you have lots to spend you are free to use any leverage you desire. I recommend 1$ per pip for those with less and unlimited for all of those who have been trading for a while and have a bigger budget.

2. I am willing to risk up to 10% sometimes, that however is only my opinion!

3. I don't write down every trade I make so I can not provide you with detailed statistics. Trading is not an exact science, rather an art. I estimate the win probability to be somewhere around 75-80 REAL percents (not those who claim they have a 95% correct strategy)
  • #612
  • Sep 10, 2007 8:14am Sep 10, 2007 8:14am
hey bros

just made ~30 pips on u\j

BTW, there one moresignal on G\U
  • #613
  • Sep 10, 2007 8:24am Sep 10, 2007 8:24am
I just wonder is there any EA that can trade aotumatically for me while im sleeping or do anything else with this strategy dicuss in here?Because i found out that the EA i dl cant trade automatically. and another thing whats about the snap shot?
  • #614
  • Edited 10:49am Sep 10, 2007 8:38am | Edited 10:49am
Hi Musketeer,

I can get the test email but not the alert email. Would you please tell me what is wrong?

Thanks

At 11:45 at EST, I got an alert email to short USDCHF. I accepted this signal to sell USDCHF at 1.1861 and SL 1.1882. For now I leave the TL open.



Quoting musketeer

  1. when start, push “pause” and load template you wish and then push “start “ – chart will be with template
  2. alerts are produced – look at “Journal” tab in tester

there is no sense in signals only on 1H TF... they must be in all charts. Date and time of alerts – look @ journal tab in tester… they have “actual” time stamp


I don’t know abt which settings you are talking abt. But generally: you must have all correct settings in Tools->Options->Email and successfully sent test mail in order to expect that that will works.

  • #615
  • Sep 10, 2007 10:45am Sep 10, 2007 10:45am
Quoting TheWicker
Hello Brainwrek,

thank your for your comments! Lets get on it straight away and answer your questions:

1. Leverage. This depends only on your money power. If you have lots to spend you are free to use any leverage you desire. I recommend 1$ per pip for those with less and unlimited for all of those who have been trading for a while and have a bigger budget.

2. I am willing to risk up to 10% sometimes, that however is only my opinion!

3. I don't write down every trade I make so I can not provide you with detailed statistics. Trading is not an exact science, rather an art. I estimate the win probability to be somewhere around 75-80 REAL percents (not those who claim they have a 95% correct strategy)
Thank you for your answers. I very much appreciate this! I'm willing to 'play' with $25,000 so if I follow your system closely, I should think I'll have enough wiggle room to lose 20-25% of the time (based on your 75-80% figures) and still reap sizable profits in the long-term...even if I'm using fairly heavy leverage. Any thoughts on this?
  • #616
  • Sep 10, 2007 12:42pm Sep 10, 2007 12:42pm
got signal to long e/u @ 15 min tf
Attached Image (click to enlarge)
Click to Enlarge Name: TF 910 EURUSD GO LONG @M15 TIME=16-45.GIF Size: 30 KB
  • #617
  • Sep 10, 2007 1:08pm Sep 10, 2007 1:08pm
plz,can u post the templete for this system
tnx
  • #618
  • Sep 10, 2007 1:18pm Sep 10, 2007 1:18pm
Quoting tahshoon
plz,can u post the templete for this system
tnx
اتفضل يا باشا
Attached File(s)
File Type: tpl Trend Follower - 5min Template.tpl   23 KB | 1,416 downloads
  • #619
  • Sep 10, 2007 1:20pm Sep 10, 2007 1:20pm
Quoting eng_forex171
hey bro. try this one
iam using this expert without any problems .

sorry..but what is the difference between the original mq4 for signal trend follower posted by thewicker in post #1 and urs (plus snapshot)?
  • #620
  • Sep 10, 2007 3:33pm Sep 10, 2007 3:33pm
This is an awesome chart package. I'm starting to have fun trading. I use the 30 minute chart and find that when the signals line up, [I trade GBP/JPY AND EUR/JPY ONLY] I trade 50 sl and 50 tp on GBP and 40 sl and 40 tp on the eur and it's like an ATM MACHINE. I have the computor in the bedroom, and when the alarm goes off I get up, check it and if its good I take it and go back to bed. the 30 minute chart has fewer alarms. the 5 minute kept me awake.
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