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Trend Follower 5 Minute System

  • #821
  • Sep 24, 2007 5:26am Sep 24, 2007 5:26am
Quoting Forex007
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!
Can you elaborate?
  • #822
  • Sep 24, 2007 5:27am Sep 24, 2007 5:27am
pls i couldn't see anything when i downloaded the stuff
  • #823
  • Sep 24, 2007 6:45am Sep 24, 2007 6:45am
TraderGeek,

Thank you for your nice work.

Taking into consideration Resistance and Support at the computation of SL and TP is a good idea. Beside this you can also take into account the volatility via using ATR or something similar.

Stop and reverse function also could be useful particularly if the user can switch this function on or off.

You obviously have solutions for coding money management, still here it is a usable (but not complete) one:
int SLInPips;
double Risk;
double LotSize = ( AccountFreeMargin() * (Risk/100) ) / ( MarketInfo(Symbol(), MODE_TICKVALUE) * SLInPips );

Best,

A1Cruiser


Quoting TraderGeek
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.
  • #824
  • Sep 24, 2007 11:38am Sep 24, 2007 11:38am
Quoting TraderGeek
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.
great work man , and keep working with ur seggestion
i'll begine testing it and will post the reults here
thx tradergeek
  • #825
  • Sep 24, 2007 1:40pm Sep 24, 2007 1:40pm
Thanks much for your work!
Can I ask for lot size to allow entries in .10's?
As it is, the smallest size is 1 full lot.
I am testing on a FXDD demo account and will keep posted as well.

Thanks again for your work on this.


I would say for #1 maybe adding trailing stops as well would be of benefit.

I would say that for #2 that IF you get a valid SignalTrendFollower3 alert in opposing direction of currently entered trade that maybe we should close the existing trade and reverse direction with the new alert.

My thoughts only.



Quoting TraderGeek
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.
  • #826
  • Sep 24, 2007 2:47pm Sep 24, 2007 2:47pm
Hi TraderGeek,

An autotrader EA, wow great job ... and thanks.

I've installed it and it worked. Got an "all indicators aligned" on AUD/USD this morning and it triggered the trade right away. (unfortunatly the trade went neg a short time after and goes until my SL)
Anyway, it was on demo and just to see if everything was working.( I didn't use the slope feature yet, otherwise I shouldn't went in this one)

Suggestions: Keep it simple, the method is pretty simple and so should be the EA (just my viewpoint)
My wish list if I dare to: an adjustable TSL (you can choose from where it start), an adjustable BE, a way to choose when the EA is allowed to start trading and stop trading and may be a magic number stuff so we can use several charts of the same curency but on differents time frame if we want to. As I'm not in anyway a programmer I've no clue if it's difficult to do or if you want to do it, but I can always suggest. What you have already done is fantastic.
I'm discovered and study this strategy last week and begin to test it this week and following and this EA will help me a lot.
I'm testing EUR/USD GBP/USD EUR/JPY USD/CHF USD/JPY AUD/USD and GBP/JPY on a 15' time frame

AL
AL
  • #827
  • Edited 10:11pm Sep 24, 2007 9:41pm | Edited 10:11pm
I hope nobody minds, I added a few options to the EA. Basically all requests and a bunch more except close if opposite signal. Believe me, if you waited for an opposite signal to close the trade you could be hundreds of pips down, let the MM do it. Magic is calculated also.

Havent tested everything so speak up if there is a bug. And find some good settings for 5m
Attached File(s)
File Type: mq4 SignalTrendFollower3b.mq4   21 KB | 1,593 downloads
  • #828
  • Sep 24, 2007 9:58pm Sep 24, 2007 9:58pm
Quoting C.E.O.
I hope nobody minds, I added a few options to the EA. Basically all requests and a bunch more except close if opposite signal. Believe me, if you waited for an opposite signal to close the trade you will be hundreds of pips down, let the MM do it. Magic is calculated also.

Havent tested everything so speak up if there is a bug. And find some good settings for 5m
Looks fantastic. You obviously have either more time on your hands or more MQL experience than I do. Or both. I came back tonight to see what comments others had and see if I could get another version out and you've done it all. So thanks!

Running this version starting tonight.

Regarding the reversal, the idea there was for it to be in additon to normal stops, not instead of. If a trade was on and hadn't hit a stop but the signal reversed, exit the trade regardless of stops.
  • #829
  • Sep 24, 2007 10:10pm Sep 24, 2007 10:10pm
Hey TraderGeek,
Redownload it before you start, I had one small problem and caught it immediately, the Gamma wouldnt set so just make sure as i replaced it quickly. As far as coding goes im not that good or that fast. i just have a pretty standard set of MM stuff and wanted to replace the indicator variables in case these backtesters wanted to fiddle. I wont do any more to it so if you see anything else that needs or wants, get er done.:
  • #830
  • Sep 24, 2007 10:17pm Sep 24, 2007 10:17pm
Actually i missed the time options...sorry
Theres another for ya TG, that and reverse signal.
  • #831
  • Sep 25, 2007 1:18am Sep 25, 2007 1:18am
Hi to All! First of all, great thanks for Wicker for this nice system. Question for author or anybody, who already have an experience in this system. Please advise, when is a best time to start watching the market for trading on m5 timeframe? Can I start during asian session or maybe it will be better to start only on open of european session, because trend sometimes change a direction when sessions changes? If europen open is a best time - when? before London open or after or exactly when London opens? Thank you in advance.
  • #832
  • Sep 25, 2007 4:15am Sep 25, 2007 4:15am
http://www.bustathief.com/2007/07/ea...-follower.html :
"Time frame: 5 minutes
Trading time: From EU open until US close
Recommended Forex Pairs: USD/JPY, USD/CHF, GBP/USD, EUR/USD, USD/CAD, AUD/USD, EUR/JPY and Gold"

Chris

Quoting Forwarder
Hi to All! First of all, great thanks for Wicker for this nice system. Question for author or anybody, who already have an experience in this system. Please advise, when is a best time to start watching the market for trading on m5 timeframe? Can I start during asian session or maybe it will be better to start only on open of european session, because trend sometimes change a direction when sessions changes? If europen open is a best time - when? before London open or after or exactly when London opens? Thank you in advance.
  • #833
  • Sep 25, 2007 7:35am Sep 25, 2007 7:35am
Wiper, did you get in live on the 3 trades today so far?
GJ + 90 pips
NZD + 80 pips and
AUDUSD +25 pips
  • #834
  • Edited Sep 26, 2007 3:55am Sep 25, 2007 7:52am | Edited Sep 26, 2007 3:55am
Hi FxConqueror, are you sure those were valid? I tried looking back using a zero lag macd(attached) and did not notice a possible 80 pips move on NZD/USD.

Quoting FxConqueror
Wiper, did you get in live on the 3 trades today so far?
GJ + 90 pips
NZD + 80 pips and
AUDUSD +25 pips
  • #835
  • Sep 25, 2007 8:01am Sep 25, 2007 8:01am
Thanks CEO, I will have a llok today.

AL
AL
  • #836
  • Sep 25, 2007 8:18am Sep 25, 2007 8:18am
Quoting C.E.O.
I hope nobody minds, I added a few options to the EA. Basically all requests and a bunch more except close if opposite signal. Believe me, if you waited for an opposite signal to close the trade you could be hundreds of pips down, let the MM do it. Magic is calculated also.

Havent tested everything so speak up if there is a bug. And find some good settings for 5m
I am not completely sure about all of the settings on this EA.
Would you mind a VERY brief explanation of each setting... I feel like such a NB.
  • #837
  • Sep 25, 2007 8:36am Sep 25, 2007 8:36am
Quoting FxConqueror
Wiper, did you get in live on the 3 trades today so far?
GJ + 90 pips
NZD + 80 pips and
AUDUSD +25 pips
Nope, I've missed them. I'm concentrated on the EUR/USD but no luck so far today.

Where exactly did the GJ trade happen (I can't locate it on my 5 min chart, can you post a screenshot)

Thanks,
Wiper
  • #838
  • Sep 25, 2007 8:49am Sep 25, 2007 8:49am
extern bool AlertOn = true; Will alert you
extern bool EmailOn = true; Will email you
extern bool TradeOn = true; will allow trades
//==================================================
extern string TM= "Trade and Account managment";
extern bool AccountIsMicro=False; Is your account a micro, fractional lotsin the hundredths--.01
extern bool MM = false;// Use Money Management or not use moneymanagement feature based on risk below
extern int Risk = 2; this is the percentage you will irsk of your account, AccountFreeMargin()*Risk/1000.0)/100
extern double Lots = 1; set for standard lot sizes with no MM
extern double DecreaseFactor =0; After a loss this will decrease lot size until a winner, if(losses>1) lot=NormalizeDouble(lot-lot*losses/DecreaseFactor
extern int TakeProfit = 60;
extern int StopLoss = 40;
extern bool OnlyTrailAfterProfit=false; False trail starts immediately, true is a normal trail
extern int TrailingStop = 15;
extern int BreakEven=15; //Pips to move stoploss to breakeven at
extern int PipsToLock =1; //When Breakeven after pips is reached, it will move to that plus this many pips
extern string IS= "Indicator Settings";
extern bool UseSlope = False;
extern string MA= "Moving average cross settings";
extern int FastMaPeriod = 4;
extern int FastMaMode = 1;
extern int SlowMaPeriod = 8;
extern int SlowMaMode = 1;
extern string SDL= "Slope Direction Line settings";
extern int SDLPeriod = 80;
extern string MACD= "MACD settings";
extern int FEmaPeriod = 5;
extern int SEmaPeriod = 35;
extern int SignalPeriod = 5;
extern string L= "Laguerre settings";
extern double Gamma = 0.66;
extern string IT= "Investor trend, True=normal,False=All just Long";
extern bool UseInvestorTrend = true;
This will require green above red/green below red if true just as it has always been or if false will only require all MA's to be > or < the previous, all going up or down.


All the indicator settings are just the same as if you would apply them to your chart.
  • #839
  • Sep 25, 2007 10:16am Sep 25, 2007 10:16am
The trades I took.
THe NZD was close to support but my other analysis also confirmed a high probability south.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd @ 7399 @ 9.25.07.gif Size: 32 KB
Click to Enlarge Name: audusd @ 8647 9.25.07.gif Size: 31 KB
Click to Enlarge Name: gbpjpy @ 230.87 @ 9.25.07.gif Size: 31 KB
  • #840
  • Sep 25, 2007 11:12am Sep 25, 2007 11:12am
Quoting FxConqueror
The trades I took.
THe NZD was close to support but my other analysis also confirmed a high probability south.
Great trades
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