Trend Follower 5 Minute System | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 HD system (trend follower) 3 replies

Journal for Trend Follower 5 Minute System 9 replies

Trend Follower System Programming 4 replies

A good EA trend follower? 2 replies

trend follower system templates and indicators an issue 5 replies

Attachments: Trend Follower 5 Minute System
Exit Attachments

Trend Follower 5 Minute System

  • #781
  • Sep 19, 2007 11:08am Sep 19, 2007 11:08am
Hi folks!

Has anyone had any trades with Wicker system today? If so, can you share specifics and/or screen prints? Thanks!
Believe and Achieve!
  • #782
  • Sep 19, 2007 11:22am Sep 19, 2007 11:22am
yes, I took another demo trade on the gbpusd.
Tp1= 15 pips
tp2 = 25 pips
It ran another 10 pips down for a max move of 35 pips form entry. However, note the weekly pivot support and daily support1 point below.
quick in, quick out on these trades.
PLUS gbp moved a considerable range in hours prior to the trade so don't go expecting a 50 pips move.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd @ 9.19.2007 @ 1.9989.gif Size: 27 KB
Click to Enlarge Name: gbpusd @ 9.19.2007 @ 1.9989 ii.gif Size: 27 KB
  • #783
  • Sep 19, 2007 11:39am Sep 19, 2007 11:39am
No trades for me today. Bummer.
  • #784
  • Edited 12:16pm Sep 19, 2007 11:44am | Edited 12:16pm
Wicker,

Question for you - how do you tell if your system over time is no longer being a profitable system? for e.g the conditions of a pair has changed thus requiring the underlying principle of the system to be modified?

Do you trade other systems too?

Thanks
  • #785
  • Sep 19, 2007 12:12pm Sep 19, 2007 12:12pm
Quoting FxConqueror
yes, I took another demo trade on the gbpusd.
Tp1= 15 pips
tp2 = 25 pips
It ran another 10 pips down for a max move of 35 pips form entry. However, note the weekly pivot support and daily support1 point below.
quick in, quick out on these trades.
PLUS gbp moved a considerable range in hours prior to the trade so don't go expecting a 50 pips move.
Ok, good trade. I did not take this one as I am also using the SLOPE as a filter - recommended by Wiper.

I really like this system but I wish we had some more action
Believe and Achieve!
  • #786
  • Sep 19, 2007 2:22pm Sep 19, 2007 2:22pm
Yes, today was not good for the signals.
Anyway, I believe in quality over quantity.

Wiper
  • #787
  • Sep 19, 2007 2:33pm Sep 19, 2007 2:33pm
Wiper,

I agree.
as Wicker said system may generate only 3 signals per week per pair...
On a 5 mins timeframe that's phenomenal. Hopefully that means the signals we do get are high quality signals in itself.
a bigger part of trading is knowing your comfort zone before you take a live trade.
  • #788
  • Sep 19, 2007 2:36pm Sep 19, 2007 2:36pm
Quoting FxConqueror
Wiper,

I agree.
as Wicker said system may generate only 3 signals per week per pair...
On a 5 mins timeframe that's phenomenal. Hopefully that means the signals we do get are high quality signals in itself.
a bigger part of trading is knowing your comfort zone before you take a live trade.
I also agree, no sense in trading for the sake of trading. Better to trde less often with higher probability.
Believe and Achieve!
  • #789
  • Sep 19, 2007 2:46pm Sep 19, 2007 2:46pm
Quoting sirwolf
I also agree, no sense in trading for the sake of trading. Better to trde less often with higher probability.
Thanks for sharing the same thoughts.
  • #790
  • Sep 19, 2007 3:41pm Sep 19, 2007 3:41pm
Hey all,

Great to see this system working so solidly - I've got a couple of things I'd like some help with:

My pmurfin ea is installed and running, but it won't let me select true for the email option - it opens the drop down menu with true or false, and when I select true, it flips back to false. Any ideas? (maybe it's cause I'm only using the demo MT4?)

Also, are there backtesting results of any length of time posted anywhere? If not, has anyone done them, and would you be willing to share them?

Did anyone find an auto trader ea yet, or is it still just alerts?

Thanks
Vbro
  • #791
  • Sep 19, 2007 3:58pm Sep 19, 2007 3:58pm
Hi,

Sorry to post twice, but I got it wrong about the ea email tab - I choose 'true' from the send email drop down menu, and then click OK, which closes that window. The problem comes when I open up that window again, the send email option has reverted to false.

Sorry for the confusion,

Still looking for help,

Vbro
  • #792
  • Sep 19, 2007 4:11pm Sep 19, 2007 4:11pm
Quoting wiper
Yes, today was not good for the signals.
Anyway, I believe in quality over quantity.

Wiper
Hi, i am newbie and learn trade, day after day.

Can you explain what is "good" signal for you ?

Thanks to help me to understand better.

Oxyd
  • #793
  • Sep 19, 2007 10:00pm Sep 19, 2007 10:00pm
Newbie here. System (and EA) just signalled for short USDCAD. But I did not take it because it was already very close to the Pivot at 1.0128. Also the slope is headed back up. Didn't notice it at the time but I see now the candle just after the signal bar is a doji. A 3rd indicator that the trend might be weakening. Thoughts? Am I reading this right?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadshort.gif Size: 46 KB
  • #794
  • Sep 19, 2007 11:41pm Sep 19, 2007 11:41pm
my $0.02AUD worth:

I agree with you on the pivot being too close, but what's more the GMMA is fairly spread out... It has retraced - yes - but I'd be looking for a steeper retracement (i.e the price candles going higher thus compressing the yellows, oranges and blues more) - it would then have further to fall.
  • #795
  • Sep 20, 2007 2:14am Sep 20, 2007 2:14am
+32 EUR/USD (breakout from 1.4000 level) - not a Wicker trade
  • #796
  • Sep 20, 2007 2:52am Sep 20, 2007 2:52am
+30 Tp1 and +42 Tp2 USDJPY... Wicker signal
  • #797
  • Sep 20, 2007 2:54am Sep 20, 2007 2:54am
Quoting wiper
+32 EUR/USD (breakout from 1.4000 level) - not a Wicker trade

Good job Wiper!
  • #798
  • Sep 20, 2007 6:40am Sep 20, 2007 6:40am
Quoting FxConqueror
+30 Tp1 and +42 Tp2 USDJPY... Wicker signal
I was chicken and just set it up for +10 (at the DS1 / M-P1) and went to bed.

Hey +10 is something... Good job FxC
  • #799
  • Sep 20, 2007 7:14am Sep 20, 2007 7:14am
EURUSD +20
USDJPY +29
USDCHF +22
USDCAD -10

I feel an auto-trading EA in my future.
  • #800
  • Sep 20, 2007 9:36am Sep 20, 2007 9:36am
OK Thanks Wiper for the improved system where slope is taken into consideration, great trades on GJ EJ, just cashed in 75% of my position on GJ at the 230.59 pivot from 231.15 now at BE and going for the free ride.

Good work
5 traders viewing now