Trend Follower 5 Minute System

Wicker,

Would Fibonaci add one more market viewpoint to your system?

Once again, THANK YOU VERY MUCH for sharing such a good system with us!

good one with e/j

If you permit a little positive criticism, I think that call is once again too late in the day where volume as become very low, the entry being at the next candle means the target is much too close to make any money. The slope is still quite bullish.

I mean to be positive even If I don't agree with your call and thank you for your positive contribution to this very special thread.

GBPUSD +27
EURUSD +20
EURJPY -25

I just recently started using the slope as an entry indicator as well. Looks good so far.

Incidentally, I'm working on extending pmurfin's EA. I've already got Slope added to it as an optional parameter. And I'm working on putting in some rudimentary autotrading. Will post here when I have something usable.

this is a great system, but please let us see any charts for wins and losers so we can see some good and bad examples
cheers

Hello All,

I have been watching for a bit. I have added this method & will forward test it.

Quick questions.

1) Is my chart correct in terms of the basics. Not including Pivs, Fibs & Slopes?

http://i5.tinypic.com/6bnt1zp.png

2) When the Trend says UP or Down is that when we confirm & enter the trade?

Thanks to anyone for a quick response.

Ilzalama-

Read the entire thread. There are lots of examples.

Hi everybody,

I just discovered this system last week end and spend most of the week reading the whole 54 pages.
Wow, what a great and simple strategy. THANKS TheWicker for sharing it.
I have no major questions as everything is covered in TheWicker document and this thread with many examples and screen shots (thanks to those post them, it's a very valuable tool for newbies)
However, as I'm living on US east coast, it's difficult for me to be at the opening of the Europeen market and I miss a good part of the trading opportunities. Paul Murfin has developped an EA but not a trading one, (just alert) This EA was on the verge to be done, but since a little more than a month now no news, and Paul didn't post anything since post 415 !
Does anyone knows what happens ?
Thanks for your answer.
AL

Patience does seem to pay off with this system. Another good one. Have a good weekend all

Help me.
I can't enter TheWicker's blog.I get a message "page not found".I can't read the manual.
Could anyone post the manual at this forum?

It may have been a temporary hosting error. This happens sometimes and lasts a few seconds. Just try again and visit here:

http://www.bustathief.com/2007/07/ea...-follower.html

I get "page not found" all the same.

Trading time: From EU open untill US close,EU Open is what time(LONDON Time) and US close is what time?Sorry,I am new trader!

http://fxtrade.oanda.com/resources/fxmarkethours/

Try this link wqfwqf www.worldmarkethours.com

AL

Good,3KU

Help me.
I can't enter TheWicker's blog.I get a message "page not found".I can't read the manual.
Could anyone post the manual at this forum?

I am testing your hybrid TheWicker + Thunderwolf system during Asian hours, trading from Japan. I can only trade limited hours; Australian open +/- 1 to 2 hours, and London open +/- 2 hours, aiming at 15-20 pips and 40-50 pips, respectively. My pairs are AUD/JPY, USD/JPY, EUR/JPY and GBP/JPY.

So far looks quite promising on MM platforms such as IBFX and OANDA, and more so on ECN platforms like EFX/MBT and IB.

Will post results after a couple of months' test drive.

Thanks again. RS

thanks for the sharing,
Jack

So I took the liberty of extending pmurfin's EA. I have added the slope as an optional entry filter and some rudimentary autotrading. Just did it this weekend so haven't tested live yet so YMMV.

New Parameters:

UseSlope - set to false for Wicker system. set to true if you only want the signal/trade when the slope agrees with the direction of the rest of the signals

TradeOn - turns on autotrading. Note that you also have to inlcude Allow Live Trading for the EA

Lots - # of lots to trade

StopLoss and TakeProfit - right now these are just fixed number of pips.

Also, it will only allow you to be in one open trade per chart.


As I said, it's fairly rudimentary right now. Things I plan on adding:

1. Calculated StopLoss and TakeProfit. Tyring to decide how to implement this. Based on Resistance / Support lines most likely but open to suggestions

2. If a trade is already open and you get a signal for the othe rdirection, close the open trade and open the one in the opposite direction

3. MAYBE some money management / lot size calculations. This is pretty low prioriry though.

Any suggestions / input are appreciated.

Hi TraderGeek
Nice work -
Just a thought re item 2 below how about having this so it could be turned off or on as two seperate/individual items? ie some people may want to leave a trade open even if there is a signal going the other way. Plus may or may not want to open a position in the opposite direction - would just add a bit more flexibilty if required.