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Trend Follower 5 Minute System

  • #621
  • Sep 10, 2007 3:44pm Sep 10, 2007 3:44pm
Hello All!
I'm a newbie following this thread with great interest! Can anyone tell me if they are using VT charts with this system? I'm referring to the guppy indicator- I don't see it on the indicators listed in VT. Could it be buried in there somwhere? Do I need to learn MT4? Thanks for your help......
  • #622
  • Sep 10, 2007 4:02pm Sep 10, 2007 4:02pm
Quoting saab87
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.
Thanks much.
So are you using the basic setup or one of the EAs?

Thanks in advance for your answer.
  • #623
  • Sep 10, 2007 6:30pm Sep 10, 2007 6:30pm
Where's Paul? Haven't seen a post from him in over 2 weeks. He was doing so good with the ea. Sounded like it was very close to being completed. Hopefully he just went on vacation or something!

Any status on the ea Paul?

Also, thanks so much for the strategy, TheWicker. And thanks Paul for the hard work you've put in to the ea so far. Looking forward to being able to test the ea.
  • #624
  • Edited Sep 11, 2007 7:12am Sep 10, 2007 6:32pm | Edited Sep 11, 2007 7:12am
Nice system !
It has kept me away of a lot bad trades.
Thank you very much.
  • #625
  • Sep 10, 2007 10:33pm Sep 10, 2007 10:33pm
I was just wondering why I wasn't getting any signal arrows for potential trades. Can someone please post that indicator?


Thanks,

B.
"Skills pay the bill's!"
  • #626
  • Sep 11, 2007 12:33am Sep 11, 2007 12:33am
You can find it on the first page of this thread. I'm using the package that you will find in the last post of the first page (by lunyxtroll) in a zip format.
The arrows are created by the indicator called EMA crossover signal (it's just the crossing of ema4 and 8).
Hope this help



Quoting bagovino
I was just wondering why I wasn't getting any signal arrows for potential trades. Can someone please post that indicator?


Thanks,

B.
  • #627
  • Sep 11, 2007 1:01am Sep 11, 2007 1:01am
sorry lux

Quoting OwenT
You can find it on the first page of this thread. I'm using the package that you will find in the last post of the first page (by lunyxtroll) in a zip format.
The arrows are created by the indicator called EMA crossover signal (it's just the crossing of ema4 and 8).
Hope this help
  • #628
  • Sep 11, 2007 6:21am Sep 11, 2007 6:21am
TheWicker!!
Do you take a trade if you get a good sell signal near daily support 3??
  • #629
  • Sep 11, 2007 6:54am Sep 11, 2007 6:54am
Anyone just catch the GBP/JPY? Classic Trend Follower trade!
  • #630
  • Sep 11, 2007 7:25am Sep 11, 2007 7:25am
'twas beautiful!

http://thehoddlegrid.net/dump/gbpjpy1.gif

g'night all.
  • #631
  • Sep 11, 2007 7:26am Sep 11, 2007 7:26am
Yes, for a quick +62 pips.

GBPJPY Long @ 230.70 Closed @ 231.32
Note: Got out once price closed back below Fibo R1 and Daily Pivot. 231.69 is strong resistance for now.

Quoting tayser
Anyone just catch the GBP/JPY? Classic Trend Follower trade!
Attached Image
  • #632
  • Sep 11, 2007 8:21am Sep 11, 2007 8:21am
Quoting TimeFreedom
Yes, for a quick +62 pips.

GBPJPY Long @ 230.70 Closed @ 231.32
Note: Got out once price closed back below Fibo R1 and Daily Pivot. 231.69 is strong resistance for now.
Great trade!
  • #633
  • Sep 11, 2007 8:23am Sep 11, 2007 8:23am
Quoting TimeFreedom
Yes, for a quick +62 pips.

GBPJPY Long @ 230.70 Closed @ 231.32
Note: Got out once price closed back below Fibo R1 and Daily Pivot. 231.69 is strong resistance for now.
You also use a 30 pip stop loss for the GBP/JPY?
  • #634
  • Sep 11, 2007 8:33am Sep 11, 2007 8:33am
Quoting wiper
You also use a 30 pip stop loss for the GBP/JPY?
I may be wrong, but I think SL was at last recent low.
  • #635
  • Sep 11, 2007 8:47am Sep 11, 2007 8:47am
Quoting cesande
I may be wrong, but I think SL was at last recent low.
Ok, thanks.
  • #636
  • Sep 11, 2007 10:44am Sep 11, 2007 10:44am
I used the most recent low at the time which was 230.26 - 5 = 230.21, which was 49 pips.

TimeFreedom

Quoting wiper
You also use a 30 pip stop loss for the GBP/JPY?
  • #637
  • Sep 11, 2007 2:17pm Sep 11, 2007 2:17pm
First sorry on my bad english but I hope you will understand me.
If you want to have the layout the same as TheWicker has, simple open one new chart of any pair. So, first go to FILE and open NEW CHART and choose the pair you want. Then on new chart click right mouse button and go to TEMPLATE and choose LOAD TEMPLATE and choose TREND FOLLLOWER 5MIN and that is all. Repeat with the pairs that The Wicker described in his blog.
  • #638
  • Sep 11, 2007 4:49pm Sep 11, 2007 4:49pm
Hah, I wake up and see the trend just kept on continuing... 180 pips from my entry at its high point.

Anyone catch NZDUSD? That had a beautiful 90 pip run too.
  • #639
  • Sep 11, 2007 5:34pm Sep 11, 2007 5:34pm
just a QUICK question on Pmurfin's indicator - How do you differentiate his alert for all matched criteria from the many regular plain alerts?

Thanks
  • #640
  • Sep 11, 2007 8:18pm Sep 11, 2007 8:18pm
Thanks Wicker

I'll be following this system with interest!

I'm a big fan of the GMMA's which really makes this system work.

Just an idea ... if people begin posting forward testing statements of their trades, we can begin to work out drawdown, profit factor, etc.
WARNING: Don't follow me as I'm just learning
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