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Trend Follower 5 Minute System

  • #721
  • Sep 17, 2007 9:06am Sep 17, 2007 9:06am
Quoting wiper
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!
Well, it does make sense.

One question. Do you take a trade if all the stars align but we are close to a support or resistance line?
Believe and Achieve!
  • #722
  • Sep 17, 2007 9:17am Sep 17, 2007 9:17am
Quoting sirwolf
Well, it does make sense.

One question. Do you take a trade if all the stars align but we are close to a support or resistance line?
Yes, I take the trade. Exceptions are support 3 and resistance3. I don't like to take trades at these levels.

Hope this helps.

Wiper
  • #723
  • Sep 17, 2007 9:20am Sep 17, 2007 9:20am
Quoting wiper
Yes, I take the trade. Exceptions are support 3 and resistance3. I don't like to take trades at these levels.

Hope this helps.

Wiper
That's 2 lost trades in a row for me this morning on the US session (CHF and JU). Ya, the slope was in the opposite direction on both trades.... might be worth taking into consideration, but how often does it happens that all is aligned including the slope ?
  • #724
  • Sep 17, 2007 9:20am Sep 17, 2007 9:20am
Quoting wiper
Yes, I take the trade. Exceptions are support 3 and resistance3. I don't like to take trades at these levels.

Hope this helps.

Wiper
Great, thanks!
Believe and Achieve!
  • #725
  • Sep 17, 2007 9:45am Sep 17, 2007 9:45am
Quoting wiper
I would not take the signal because on both trades, the slope line is in the wrong direction.
Ok I understand your point
I'm live on these trades.

Which s/L do you put for these trades ?
  • #726
  • Sep 17, 2007 9:57am Sep 17, 2007 9:57am
Quoting TiKin
That's 2 lost trades in a row for me this morning on the US session (CHF and JU). Ya, the slope was in the opposite direction on both trades.... might be worth taking into consideration, but how often does it happens that all is aligned including the slope ?
It really depends but more often than you would think. Afterall, I'm looking for quality trades only. If I can have one trade daily and it is a profitable one, I would be very happy.

W.
  • #727
  • Sep 17, 2007 9:59am Sep 17, 2007 9:59am
Quoting hekenberg
Ok I understand your point
I'm live on these trades.

Which s/L do you put for these trades ?
Above the most recent support (if long) or resistance level (if short). I never use stops > 35 pips (spread included).
  • #728
  • Sep 17, 2007 10:10am Sep 17, 2007 10:10am
Quoting wiper
Above the most recent support (if long) or resistance level (if short). I never use stops > 35 pips (spread included).
Wiper thanks for yr answers

if your s/L > 35 pips you put s/L = 35 ?


I have: My trade are >0 now
sell at 0.8392 (audusd)
buy at 1.6541 (euraud)
  • #729
  • Sep 17, 2007 12:15pm Sep 17, 2007 12:15pm
hi.

Closed euraud at 1.6576 and 1,6615 open at 1.6541
Closed audusd at 0.8363 and 0.8343 open at 0.8392


not to bad ....
  • #730
  • Sep 17, 2007 1:24pm Sep 17, 2007 1:24pm
is any1 trading NZD/USD or AUD/USD??? cos the indicators are saying ''short''
  • #731
  • Sep 17, 2007 1:26pm Sep 17, 2007 1:26pm
Quoting spotless1212
is any1 trading NZD/USD or AUD/USD??? cos the indicators are saying ''short''
I am currently in trades for AUD/USD and EUR/USD
Believe and Achieve!
  • #732
  • Sep 17, 2007 1:31pm Sep 17, 2007 1:31pm
Quoting sirwolf
I am currently in trades for AUD/USD and EUR/USD
am sure you went short on the EUR/USD pair.. but usually by this time the EUR/USD doesnt put down enough pips.
  • #733
  • Sep 17, 2007 1:35pm Sep 17, 2007 1:35pm
Quoting spotless1212
am sure you went short on the EUR/USD pair.. but usually by this time the EUR/USD doesnt put down enough pips.
Good point with the time in Europe. I live and learn - trading Demo.

Thanks!
Believe and Achieve!
  • #734
  • Sep 17, 2007 1:54pm Sep 17, 2007 1:54pm
Hi all,

I wondering if someone could help me to attach the ea to my charts.

I open thr file SignalTrendFollower.mq4 with metaeditor and when I click compile it says No errors, 0 warnings but im not sure what to do next?

Maybe someone could add me to msn and quickly walk me through it, my MSN email is [email protected] . I would highly appreciate it.

Thanks

Karl
  • #735
  • Sep 17, 2007 1:56pm Sep 17, 2007 1:56pm
Anyone having any luck trading the Wicker's system on the Asian session? I've had about 5 trades and all were losers. Maybe that's why the Wicker only promotes trading during the London and US markets.
  • #736
  • Sep 17, 2007 2:01pm Sep 17, 2007 2:01pm
Quoting chims
Anyone having any luck trading the Wicker's system on the Asian session? I've had about 5 trades and all were losers. Maybe that's why the Wicker only promotes trading during the London and US markets.
the wicker's system works on Asian hours....i attach MACD divergence indicator to my charts .....once all the ''stars align'' and the MACD divergence indicator is heading the same direction as the trend follower.....i go for it. i look for 20 pips and am out...maybe thats why it has been working for me..
  • #737
  • Sep 17, 2007 3:45pm Sep 17, 2007 3:45pm
Hi the wicker thanks for the system, i noticed you have been trading Mouteki as well, do you still trade your system or have you moved to other systems and if so why? (if you dont mind me asking).

thanks
  • #738
  • Sep 17, 2007 8:59pm Sep 17, 2007 8:59pm
Quoting spotless1212
the wicker's system works on Asian hours....i attach MACD divergence indicator to my charts .....once all the ''stars align'' and the MACD divergence indicator is heading the same direction as the trend follower.....i go for it. i look for 20 pips and am out...maybe thats why it has been working for me..
Spotless - are you trading all pairs or mostly the AUD and JPY?
  • #739
  • Sep 17, 2007 11:26pm Sep 17, 2007 11:26pm
Quoting chims
Spotless - are you trading all pairs or mostly the AUD and JPY?

i actually trade the following pairs.......eur/usd, gbp/usd, gbp/jpy, aud/usd, usd/cad, nzd/usd, usd/chf, eur/gbp, gbp/chf

and i look for 20 pips from all of them. 20*9=180 pips.
  • #740
  • Sep 18, 2007 2:49am Sep 18, 2007 2:49am
Hi,

Im new to this system and to forex in general.

Im just demo trading it using the SignalTrendFollower EA.

I just got a Short Signal on the USD/JPY, I just wanted to ask if it is valid.

Also assuming it is valid what SL and TP would you recommend.
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