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Trend Follower 5 Minute System

  • #661
  • Sep 13, 2007 7:12am Sep 13, 2007 7:12am
Wicker or FF members,

Do you enter after the close of the candle when the signal is valid?
  • #662
  • Sep 13, 2007 7:14am Sep 13, 2007 7:14am
Quoting wiper
Anyone uses the pmurfin's EA?
I'm using it too.

It seemed not signal yesterday.
  • #663
  • Sep 13, 2007 8:42am Sep 13, 2007 8:42am
Normaly yes but I'm looking to have a good RRR, so depending on where is the price, I sometimes wait for a little retracement.


Quoting lcfxtrader
Wicker or FF members,

Do you enter after the close of the candle when the signal is valid?
  • #664
  • Sep 13, 2007 10:28am Sep 13, 2007 10:28am
-19 EUR/USD (my guess)
+55 USD/JPY (valid signal)
  • #665
  • Edited 11:35am Sep 13, 2007 10:58am | Edited 11:35am
Quoting wiper
-19 EUR/USD (my guess)
+55 USD/JPY (valid signal)
Good for you Wiper,

Concerning JPY, I saw the signal but since it was almost half an hour before the weekly employment situation, I prefered to stay away as I thought it was the way to act according to what I understand of the rules.

Concerning EUR/USD what signal are you refering to please ? am I right to say that since the Gunnny's were tight without real direction that trades were risky.

I took the sell CAD but prefer to cash in with less pips as it can be quite sneaky.

Thanks
  • #666
  • Sep 13, 2007 11:34am Sep 13, 2007 11:34am
Quoting TiKin
Good for you Wiper,

Concerning JPY, I saw the signal but since it was almost half an hour before the weekly employment situation, I prefered to stay away as I thought it was the way to act according to what I understand of the rules.

Concerning EUR/USD what signal are you refering to please ? am I right to say that since the Gunnny's were tight without real direction that trades were risky.

I took the sell CAD but prefer to cash in with less pips as it can be quite sneaky.

Thanks
Yes you are right about the EURUSD trade (I was losing patience and failed)
  • #667
  • Sep 13, 2007 11:57am Sep 13, 2007 11:57am
Quoting wiper
-19 EUR/USD (my guess)
+55 USD/JPY (valid signal)
Hi Wiper,

Did you get the signal from 5 min time frame or 30 min time frame?
  • #668
  • Sep 13, 2007 1:00pm Sep 13, 2007 1:00pm
Quoting Forex4H
Hi Wiper,

Did you get the signal from 5 min time frame or 30 min time frame?
The 5 min chart (I don't use other timeframe's)
  • #669
  • Sep 13, 2007 7:37pm Sep 13, 2007 7:37pm
Saab87... sent you a PM
  • #670
  • Sep 13, 2007 10:00pm Sep 13, 2007 10:00pm
USD/JPY long signal right now 11PM eastern
  • #671
  • Sep 13, 2007 11:16pm Sep 13, 2007 11:16pm
Quoting jay9170
USD/JPY long signal right now 11PM eastern
Are you sure? I don't see the LG going through the 0.15. I see it touching and then dropping back.
  • #672
  • Edited 3:44am Sep 14, 2007 3:41am | Edited 3:44am
EDIT: USD/JPY I was looking at a earlier signal. I need to synchronize the forum time with my chart time.
Please disregard this post.

BTW, great system. I'm still mini trading this.

Quoting jay9170
USD/JPY long signal right now 11PM eastern
  • #673
  • Sep 14, 2007 3:59am Sep 14, 2007 3:59am
hello,

I am testing this system across a few pairs. what do you think of this entry?
the yellow and orange bands were not clearly on top of the other bands but turned in the overall direction nevertheless?

what you folks think?
Attached Image (click to enlarge)
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  • #674
  • Sep 14, 2007 10:27am Sep 14, 2007 10:27am
Dear TheWicker,

I have two questions,

Question #1: Yesterday, I sent an email about the Leguerre Level, 0.15/0.75. Personally, I think the overbought level and oversold level should be symmetrical, meaning 0.15/0.85.

Your explanation is "This was setup like that by experimenting and through time these settings were the best to use and applied to the system!"

But, please look at the AUD/USD and EUR/AUD pairs. If the overbought level for AUD/USD is 0.75, and the oversold level for EUR/AUD is 0.15, therefore, two un-symmetrical levels apply to the same currency AUD
, which is not very mathematically reasonable. Would you give me some advice about this???

Question #2: There are two MACD values for the MACD Indicator. One is the MACD Histogram, the other one is the MACD signal line. I'd like to know which value is used in our system to decide the entry point???

Thank you very much.

Anyone else could give me a reply is also appreciated.
  • #675
  • Sep 14, 2007 11:31am Sep 14, 2007 11:31am
Quoting andygifts
Dear TheWicker,

I have two questions,

Question #1: Yesterday, I sent an email about the Leguerre Level, 0.15/0.75. Personally, I think the overbought level and oversold level should be symmetrical, meaning 0.15/0.85.

Your explanation is "This was setup like that by experimenting and through time these settings were the best to use and applied to the system!"

But, please look at the AUD/USD and EUR/AUD pairs. If the overbought level for AUD/USD is 0.75, and the oversold level for EUR/AUD is 0.15, therefore, two un-symmetrical levels apply to the same currency AUD
, which is not very mathematically reasonable. Would you give me some advice about this???

Question #2: There are two MACD values for the MACD Indicator. One is the MACD Histogram, the other one is the MACD signal line. I'd like to know which value is used in our system to decide the entry point???

Thank you very much.

Anyone else could give me a reply is also appreciated.
The original systems values are good, there's no need to change anything in my opinion.
I didn't had one losing week since i'm using the original.

Took two valid signals today on the GBP/USD 5 min chart (lost 28 + won 55)
Total: 27 pips
Wiper
  • #676
  • Sep 14, 2007 12:59pm Sep 14, 2007 12:59pm
for laguerre
i think the wicker chose ( 0.45 ) as a mid line
and 0.75 = 0.45 + 0.30 ,,,, 0.15 = 0.45-0.30

ryt ?
  • #677
  • Sep 14, 2007 1:03pm Sep 14, 2007 1:03pm
good signal to short u/cad and reached the traget with + 10
Attached Image (click to enlarge)
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  • #678
  • Sep 14, 2007 1:19pm Sep 14, 2007 1:19pm
Quoting eng_forex171
for laguerre
i think the wicker chose ( 0.45 ) as a mid line
and 0.75 = 0.45 + 0.30 ,,,, 0.15 = 0.45-0.30

ryt ?
But, how come the 0.45??? It is not the median value, of which the laguerre could move. The range of laguerre is [0, 1].

Any comments???
  • #679
  • Sep 15, 2007 12:34pm Sep 15, 2007 12:34pm
Quoting eng_forex171
good signal to short u/cad and reached the traget with + 10
Nice trade!
  • #680
  • Sep 15, 2007 1:17pm Sep 15, 2007 1:17pm
I'd like to thank U Urban for this system &for changing my looks about forex .

that was my last trade .

regards
khalid

Attached Image (click to enlarge)
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