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Trend Follower 5 Minute System

  • #701
  • Sep 17, 2007 5:46am Sep 17, 2007 5:46am
MACD < 0 at the 3rd bar after the red arrow (sell) signal occured.

I have read somewhere that all conditions have to be met at the same bar as the arrow signal or have to be met at the following bar.

So is this a valid one?
Attached Image (click to enlarge)
Click to Enlarge Name: valid.JPG Size: 159 KB
  • #702
  • Sep 17, 2007 7:26am Sep 17, 2007 7:26am
Hi,

EurAUD is long
AUDUSD is short

Valid for you 2 ?
  • #703
  • Sep 17, 2007 7:49am Sep 17, 2007 7:49am
Quoting duwi
MACD < 0 at the 3rd bar after the red arrow (sell) signal occured.

I have read somewhere that all conditions have to be met at the same bar as the arrow signal or have to be met at the following bar.

So is this a valid one?
yes, it is valid
  • #704
  • Sep 17, 2007 8:13am Sep 17, 2007 8:13am
Hi Folks!

Well it looks like the promising EA has disappeared along with its owner. I have been using the EA for signals and it has been working great. I do verify manually. This system does work if all the criteria is met. I think this system could be a successful EA. Are there any other MQ4 programmers who would like to give it a try? I have a contact on a different forum that I will ask. I just thought I would see - this has great potential.

Great trading to all!

SirWolf
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  • #705
  • Sep 17, 2007 8:16am Sep 17, 2007 8:16am
I have a question on the vailidity of that trade. I see the MACD did not fall below zero until 2 bars after the signal. Don't the rules say it has to be on the signal ar the one after ONLY?

Thanks in advance!

I love this system!
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  • #706
  • Sep 17, 2007 8:19am Sep 17, 2007 8:19am
From http://www.bustathief.com/2007/08/tr...lower-faq.html :

" If all the conditions are met:

a) At The SIGNAL BAR | WE TAKE THE TRADE
b) 1st BAR after SIGNAL (we have to wait for the close of that bar) | WE TAKE THE TRADE
c) if conditions are only met at 2nd BAR after SIGNAL or after (MACD only now crossed 0 or another indicator...)| We DO NOT TAKE THE TRADE "

So if we follow the rule above - its not a valid signal.
  • #707
  • Sep 17, 2007 8:21am Sep 17, 2007 8:21am
Quoting duwi
From http://www.bustathief.com/2007/08/tr...lower-faq.html :

" If all the conditions are met:

a) At The SIGNAL BAR | WE TAKE THE TRADE
b) 1st BAR after SIGNAL (we have to wait for the close of that bar) | WE TAKE THE TRADE
c) if conditions are only met at 2nd BAR after SIGNAL or after (MACD only now crossed 0 or another indicator...)| We DO NOT TAKE THE TRADE "

So if we follow the rule above - its not a valid signal.
Thank you! I did not think it was a valid trade - even though it did go in the right direction. I think I have it down now
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  • #708
  • Sep 17, 2007 8:23am Sep 17, 2007 8:23am
Quoting duwi
MACD < 0 at the 3rd bar after the red arrow (sell) signal occured.

I have read somewhere that all conditions have to be met at the same bar as the arrow signal or have to be met at the following bar.

So is this a valid one?
I took that trade this morning (see my previous post), made +60
I don't care that much about if the signal is valid the first, second or third bar after the arrow signal. As long as it looks good and the price didn't move too much, i still take the trade.
  • #709
  • Sep 17, 2007 8:28am Sep 17, 2007 8:28am
Quoting wiper
I took that trade this morning (see my previous post), made +60
I don't care that much about if the signal is valid the first, second or third bar after the arrow signal. As long as it looks good and the price didn't move too much, i still take the trade.
I am glad you picked up some nice PIPS.

Are you trading this live?
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  • #710
  • Sep 17, 2007 8:29am Sep 17, 2007 8:29am
Looks valid to me
Attached Image(s) (click to enlarge)
Click to Enlarge Name: TF 917 AUDUSD GO SHORT @M5 TIME=14-20.gif Size: 25 KB
Click to Enlarge Name: TF 917 EURAUD GO LONG @M5 TIME=14-15.gif Size: 26 KB
  • #711
  • Sep 17, 2007 8:41am Sep 17, 2007 8:41am
Quoting hekenberg
Looks valid to me
The AUD/USD looks like a good trade, but I am not sure about the EUR/AUD The WIcker stated in one of his early posts that a trade would not be taken because it already had a big move of 24+ pips. (See Post #44 in this thread) That is the case with this one with over 25 pips in the current candle.

Your thoughts???

Thanks!
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  • #712
  • Sep 17, 2007 8:42am Sep 17, 2007 8:42am
CUrrent Valid Trade on USDCHF 5 MIn
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  • #713
  • Sep 17, 2007 8:54am Sep 17, 2007 8:54am
Quoting sirwolf
I am glad you picked up some nice PIPS.

Are you trading this live?
Yes, I am a LIVE trader.
  • #714
  • Sep 17, 2007 8:56am Sep 17, 2007 8:56am
Quoting hekenberg
Looks valid to me
I would not take the signal because on both trades, the slope line is in the wrong direction.
  • #715
  • Sep 17, 2007 8:56am Sep 17, 2007 8:56am
Quoting wiper
Yes, I am a LIVE trader.
Even Better! Good for you!

Are you a fulltime trader? What other systems do you trade besides this?
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  • #716
  • Sep 17, 2007 8:59am Sep 17, 2007 8:59am
Quoting wiper
I would not take the signal because on both trades, the slope line is in the wrong direction.
Ok, thanks. I thought slope was just used to determine exit and was not part of the entry criteria.
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  • #717
  • Sep 17, 2007 9:01am Sep 17, 2007 9:01am
Quoting sirwolf
Even Better! Good for you!

Are you a fulltime trader? What other systems do you trade besides this?
Yes, I am trading full time and do not use any other systems. This is really the best I have ever found.
I feel confident using this one trading EUR/USD, GBP/USD, EUR/JPY and USD/JPY.

Wiper
  • #718
  • Sep 17, 2007 9:04am Sep 17, 2007 9:04am
Quoting sirwolf
Ok, thanks. I thought slope was just used to determine exit and was not part of the entry criteria.
Okay, I just checked my notes. This is why I was not taking SLOPE into consideration on entry. According to Wicker's FAQ:


Q: Do we trade against the direction of the slope direction line?
A: Slope direction line is used for exits only, so yes we can enter a trade against it. It corresponds well with our black 34 EMA's (black lines). Those measure volatility and you can see if it bounces back from those two lines, the trend will usually continue. Once slope direction line changes colors (at the same time the candle will probably close on the other side of 34 EMAS) we exit the trade. Or we Exit at pivots. Slope direction line is mainly used for orientation for what already happened on the chart. Candles and price movement can reveal you the same information.
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  • #719
  • Sep 17, 2007 9:05am Sep 17, 2007 9:05am
Quoting sirwolf
Ok, thanks. I thought slope was just used to determine exit and was not part of the entry criteria.
It's not part of the entry but i like it to confirm the direction. If A trade looks good but the slope is not in the same direction, i do not take it.
It already saved me money!
I like the slope confirmation much more than not taking a valid signal anymore after the second bar. If I didn't trade the GBP this morning because of that rule, I would have missed a great trade.

But ofcourse, this is my style of using the Wicker system.

W.
  • #720
  • Sep 17, 2007 9:05am Sep 17, 2007 9:05am
Quoting wiper
Yes, I am trading full time and do not use any other systems. This is really the best I have ever found.
I feel confident using this one trading EUR/USD, GBP/USD, EUR/JPY and USD/JPY.

Wiper
Thanks WIper! Just the kind of feedback I am looking for. I have been testing many systems over the past 5 years and this is one of the best I have ever seen
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