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Trend Follower 5 Minute System

  • #861
  • Sep 26, 2007 7:41am Sep 26, 2007 7:41am
Quoting spotless1212
trend follower (wicker) did it again..made 20 pips this morning.. exit at R2.
Good trade. I took it also. +7
  • #862
  • Sep 26, 2007 7:49am Sep 26, 2007 7:49am
Quoting spotless1212
trend follower (wicker) did it again..made 20 pips this morning.. exit at R2.
I think it is U/J

BUT I CHECK CHART , THIS IS NOT PERFERT RULE,

FIRST THAT IS ASIA SESSION , AND TOW BARS AFTER WHEN ARROW APPEAR ALL THE CONTITION WERE MET.

so I think it is not perfect setup , even this trade is profitable.
  • #863
  • Sep 26, 2007 7:57am Sep 26, 2007 7:57am
Wicker,
Any reason you use 75/15 on Laguerre? I do not know where these values originated but see the following....

TIME WARP – WITHOUT SPACE TRAVEL

John F. Ehlers

.....

Inputs: gamma(.5);

Vars: L0(0),
L1(0),
L2(0),
L3(0),
CU(0),
CD(0),
RSI(0);

L0 = (1 – gamma)*Close + gamma*L0[1];
L1 = - gamma *L0 + L0[1] + gamma *L1[1];
L2 = - gamma *L1 + L1[1] + gamma *L2[1];
L3 = - gamma *L2 + L2[1] + gamma *L3[1];

CU = 0;
CD = 0;
If L0 >= L1 then CU = L0 - L1 Else CD = L1 - L0;
If L1 >= L2 then CU = CU + L1 - L2 Else CD = CD + L2 - L1;
If L2 >= L3 then CU = CU + L2 - L3 Else CD = CD + L3 - L2;

If CU + CD <> 0 then RSI = CU / (CU + CD);

Plot1(RSI, "RSI");
Plot2(.8); 80 level
Plot3(.2); 20 level

Have you tried the 80/20 or just stuck with the levels in this indicator? I will look at some charts later and look at these levels along with 75/25 but i can find no evidence to use an unbalanced level or anything in the formula that would favor pulling the indicator to the low side.
  • #864
  • Sep 26, 2007 7:59am Sep 26, 2007 7:59am
Quoting muyuan11
I think it is U/J

BUT I CHECK CHART , THIS IS NOT PERFERT RULE,

FIRST THAT IS ASIA SESSION , AND TOW BARS AFTER WHEN ARROW APPEAR ALL THE CONTITION WERE MET.

so I think it is not perfect setup , even this trade is profitable.

the USD/JPY trade i took was at 9:25 GMT (london session) and i dont think the arrows ( the red and green) matters... do they?
  • #865
  • Sep 26, 2007 8:01am Sep 26, 2007 8:01am
Quoting wiper
Good trade. I took it also. +7
wiper , this setup break rule of origin , so should we take this with some risk?
  • #866
  • Sep 26, 2007 8:10am Sep 26, 2007 8:10am
Quoting spotless1212
the USD/JPY trade i took was at 9:25 GMT (london session) and i dont think the arrows ( the red and green) matters... do they?
I took another trade my friend. At 115.24 but it barely moves. SO I closed it for 7 pips. This was a valid trade. If am wrong, correct me.

Thanks,
Wiper
  • #867
  • Sep 26, 2007 8:16am Sep 26, 2007 8:16am
Anyone has good results this week???

I didn't make that much (so far) this week.
Probably i have missed a couple of trades but I only monitor EUR/USD, GBP/USD, USD/JPY and EUR/JPY.

Made barely 55 pips in total so far. Anyone did better?
Please post your(honest) results.

Greetz,
Wiper
  • #868
  • Sep 26, 2007 9:05am Sep 26, 2007 9:05am
FXDD TIME 13:50 (GTM +3)
E/J
TP: 22 (r3 resist)
SL: 22



for so long , at last tp ok ,and trend still continue (maybe I am too nervous) .
Attached Image (click to enlarge)
Click to Enlarge Name: 2007-09-26_220129.gif Size: 18 KB
  • #869
  • Sep 26, 2007 9:33am Sep 26, 2007 9:33am
Quoting muyuan11
FXDD TIME 13:50 (GTM +3)
E/J
TP: 22 (r3 resist)
SL: 22



for so long , at last tp ok ,and trend still continue (maybe I am too nervous) .
Don't be nervous, it is bad for you results.
You lose, fine, tomorrow, there's another day!!!
  • #870
  • Sep 26, 2007 10:22am Sep 26, 2007 10:22am
Found this indicator and modified it to just take an offset from GMT vs having to specify all open/close times.

All you need to do is specify the offset for your broker. Default is 0 as IBFX is on GMT.
Attached File(s)
File Type: mq4 Market Hours.mq4   2 KB | 1,287 downloads
  • #871
  • Sep 26, 2007 10:40am Sep 26, 2007 10:40am
Here are some test results for last night.

SignaltrendFollower 3b:
EUR/JPY +7 manual close
GBP/USD + 20 TP
EUR/JPY + 20 TP
GBP/USD -15 SL
USD/JPY +1 manual close
USD/CHF +2 BE+2

This was an almost totally bling test and all the entries have been generated by the EA on 5' charts.
However, I notice something which can be a bug. I got 2 trades on GBP/JPY and 2 on GBP/CHF which were not taken despite a good signal (order failed error 130 message written in expert) Ihave no clue what that means.

On SignalTrendFollower 3 I also had 2 trades in a row on the same pair, each of them taken at 15' interval (I'm testing on 15' charts on this one on a different platform)

Any suggestion is welcome.

AL
AL
  • #872
  • Sep 26, 2007 11:41am Sep 26, 2007 11:41am
Quoting wiper
I took another trade my friend. At 115.24 but it barely moves. SO I closed it for 7 pips. This was a valid trade. If am wrong, correct me.

Thanks,
Wiper
it was SUPER VALID!!!! just look at the price now..its at 115.66. you entered at 115.24 which was nice..and it never got below that.
  • #873
  • Sep 26, 2007 11:46am Sep 26, 2007 11:46am
Quoting spotless1212
it was SUPER VALID!!!! just look at the price now..its at 115.66. you entered at 115.24 which was nice..and it never got below that.
Sorry that the signal was super valid. I hope you could take a lot from it!!!

Did I tell it was not valid....

Newbies always want to get it right.

Good luck mate.

Wiper
  • #874
  • Sep 26, 2007 2:19pm Sep 26, 2007 2:19pm
I don't want to start a polemic here, but according to TheWicker rules your GBP/JPY trade Spotless is not valid.
You enter at the 5th bar after the signal and Laguerre is crossing 0.45 up. Only the MACD is correct.
However, you had a winning one, congrats. I wouln't denie that.
Just don't present it as a valid trade as it can confuse newbies on the rules and if you have some other way to see if it's a good one or not (i can see a RSI on your charts) it would be great to share it.

AL
AL
  • #875
  • Sep 26, 2007 2:24pm Sep 26, 2007 2:24pm
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
Alright, i am a knob and am not even sure if i should post becuase i think i will get bombed on, but I have tried to load this EA and have been unable to.. my questions are the following:

1. I see that this allows you to send emails, how do I set this up? (Point me to the link sorry if it is listedin the preivous 60 pages, though I did not read them entirely i skimmed them and can not see anything about it.

2. I have added the EA to the chart and I have "SingalTrendFollower3 x" on the top right hand side, i believe this means it is not working correclty? I have the Trend Follower - 5 min Template on should I?

Thanks for your help, be gentle
  • #876
  • Sep 26, 2007 2:50pm Sep 26, 2007 2:50pm
Quoting Sailingalbob
Here are some test results for last night.

SignaltrendFollower 3b:
EUR/JPY +7 manual close
GBP/USD + 20 TP
EUR/JPY + 20 TP
GBP/USD -15 SL
USD/JPY +1 manual close
USD/CHF +2 BE+2

This was an almost totally bling test and all the entries have been generated by the EA on 5' charts.
However, I notice something which can be a bug. I got 2 trades on GBP/JPY and 2 on GBP/CHF which were not taken despite a good signal (order failed error 130 message written in expert) Ihave no clue what that means.

On SignalTrendFollower 3 I also had 2 trades in a row on the same pair, each of them taken at 15' interval (I'm testing on 15' charts on this one on a different platform)

Any suggestion is welcome.

AL
error 130 is invalid stops, it needs to be your broker minimum+spread for stoploss. I get 6 on GJ+5 as minimum stop=11 stoploss. This can be programmed in to get your broker minimum. As far as the 2 trades, I still dont know what would cause that. The only thing I can think of would be the magic number not in there as a check but I havent had that happen before. I will see if i have time to fix those two problems tonight if someone else doesnt beat me to it
  • #877
  • Sep 26, 2007 3:57pm Sep 26, 2007 3:57pm
Thanks CEO, I appreciate
AL
AL
  • #878
  • Sep 26, 2007 4:03pm Sep 26, 2007 4:03pm
Hi

I wonder if anyone could help me.

I read this with interest but I don't use Metatrader - I use Updata (UK). They don't seem to provide the 'Laguerre' indicator - any suggestions.

Many thanks
  • #879
  • Sep 26, 2007 4:58pm Sep 26, 2007 4:58pm
Hi Makepeace,

The only suggestion I have is ou download a demo on MT4 use their charts ...and put your trade on you live platform when you have a signal.
AL
  • #880
  • Sep 26, 2007 6:20pm Sep 26, 2007 6:20pm
2 items added:

1. MagicNumber check when checking to see if a trade is already open for a symbol

2. Reversal. Regardless of stoploss, breakeven, etc. if you are in a trade and a signal comes the other direction, it will close the open trade and place one per the signal.

Just barely did this so hasn't been tested at all. Working on the timeframe stuff as well.
Attached File(s)
File Type: mq4 SignalTrendFollower3c.mq4   23 KB | 1,305 downloads
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