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Trend Follower 5 Minute System

  • #921
  • Sep 27, 2007 6:59pm Sep 27, 2007 6:59pm
Quoting Sailingalbob
Second and last post concerning STF v3b I will switch to 3e for tonight!

Thanks to all for your answers and work on this EA

I' got 6 trades

AUD/USD -15, -15
EUR/JPY +18
GBP/USD +2 (be +2), -15
USD/CHF -35 (my sl was at -15 so I don't understand the -35 ?)

Plus some other error 130. BTW I don't understand these 130 errors, my SL is -15 and TP is 20 and the spreads are in between 3 and 7, so I don't understand why it can be an invalid SL or TP. There is still some margin here, may be somebody can explain.
For next night I will install version 3e and continue my testing and reports.
Obviously we can't tell anything yet on just 2 days of testing, but it looks like some adjustments need to be done. The first one I will try is to adjust trading time with markets hours, most of the lossed trades where because it was outside markets hours with little volatility.
See you.
AL
i think yesteday is not lunky day for this system
  • #922
  • Sep 27, 2007 10:16pm Sep 27, 2007 10:16pm
Quoting C.E.O.
Broker time.
Magic is calculated automatically per assigning a # for the pair and adding the timeframe to it.
Investor trend is this, You require the greens to be above the reds for a buy, typical style. or false will only require all moving averages to be going up or Ma of current bar > than last bar. I use the rainbow almost exclusively for trading and this is how I use it, I dont wait for green above red so i thought I would throw that in there to test. you cant disable the reversal feature but I wouldnt think it will be detrimental.

So has anyone done any decent backtesting yet? i havent had alot of time to do any so just wondering.
I have done a bit of backtesting with dismal results. But haven't tweaked much either.

Also, I found a bug in the reversal code. Working on a new version.
  • #923
  • Sep 28, 2007 7:09am Sep 28, 2007 7:09am
Did not have time yesterday to set up everything correctly, so no test for last night. Will restart on Monday.
Have a good week end.

AL
AL
  • #924
  • Sep 28, 2007 11:52am Sep 28, 2007 11:52am
Had some really nice profits today on the EUR/USD and GBP/USD.

EUR/USD

Long at 1.4185. Closed half at resistance3 (1.4217) for 32 pips. Closed other half at 1.4230 for 45 pips. (15 pips risk - Stop below support.)

GBP/USD

Long at 2.0351. Closed at 2.0384 (resistance3) for 33 pips. Risk was 33 pips.
Stop below support.


Both were valid signals on the 5 min chart.
Hope somebody else could profit too today.
  • #925
  • Sep 28, 2007 2:14pm Sep 28, 2007 2:14pm
Quoting C.E.O.
Broker time.

So has anyone done any decent backtesting yet? i havent had alot of time to do any so just wondering.

I did some EA testing this week on the 5min charts. I tested all the majors plus E/J. All the entries were great as long as you only trade the London and NY sessions. The tricky thing about trading this system with an EA is the exits (along with most systems). Several times the EA made a good entry but a pivot line was 15 pips away and the price would hit it and turn around and stop me out. So there was some profit but not enough to hit my TP. I think the key making this EA work is to managing your losses when the price doesn’t reach your predetermined TP. Almost every time the signal is given it will go at least 15pips, sometimes it will retrace to BE and then go up further, sometimes it will retrace and head down and sometimes it will go through the roof. I think the goal here would be to catch the ones that go through the roof and manage the ones that don’t. Either way the momentum will take it up at least 15pips after entry 85% of the time. I think these exits are easy to manage manually but the EA may be a bit trickier.

Would it be possible to program the EA to use pivot lines as TP and SL, maybe with a +/- pip variable? I think you can do that but my programming skills are pretty limited so I am not sure how.

C.E.O I tried using the timing function but my EA never came on, maybe I’m using it wrong. Should hour 1 and hour 2 be consecutive or is it ok if they overlap?

The only other problem I noticed was twice I had an order open in a pair and another signal came and a second position was opened on the same pair before the first one closed. Is it possible to prevent that?

The pairs it seemed to work best on were e/u g/u u/j and e/j so Wiper I think you’ve got it right there.

I’ll keep testing, if you have any suggestions on how to better manage losses with the current EAs I would be happy to try them. I think for next week I will incorporate either a trailing stop of 15 or just move to BE around 15 every time.

These just a few thoughts, I hope it helps. Thanks for all the work you guys are putting into this!

jhop
  • #926
  • Sep 28, 2007 3:47pm Sep 28, 2007 3:47pm
Quoting wiper
Had some really nice profits today on the EUR/USD and GBP/USD.

EUR/USD

Long at 1.4185. Closed half at resistance3 (1.4217) for 32 pips. Closed other half at 1.4230 for 45 pips. (15 pips risk - Stop below support.)

GBP/USD

Long at 2.0351. Closed at 2.0384 (resistance3) for 33 pips. Risk was 33 pips.
Stop below support.


Both were valid signals on the 5 min chart.
Hope somebody else could profit too today.
I caught the GBP/USD trade and a USD/CHF trade for 24 pips.

I realize I'm new to this thread, but have been watching with interest for a while. To me, this appears to be a viable system, as I'm sure many of you can attest to. I am forward testing with a live mini account and will be posting my results periodically. Demo accounts are nice, but there's really no substitute for using real money! I don't plan to post all of my trades, maybe weekly updates. Give me some time to accumulate some valid stats, but this is where I'm at so far:

Winning Trades: 5
Losing Trades: 2
Average win per winning trade: 25 pips
Average loss per losing trade: 20 pips
Net profit: 85 pips

Not a statistically valid sample yet, but give me a couple of months. Sure does look good so far!

Only problem that I see with the system is the market hours. Not ideal to begin trading at 01:00 (Denver, CO, USA).

Edit: Forgot to mention that I'm trading on 5-minute charts for the following pairs: GBP/USD, EUR/USD, USD/CHF, USD/JPY, EUR/JPY, AUD/USD.

Happy trading,
Doc
  • #927
  • Sep 29, 2007 2:16am Sep 29, 2007 2:16am
Quoting DocPMD
Only problem that I see with the system is the market hours. Not ideal to begin trading at 01:00 (Denver, CO, USA).
You don't have to trade the EU session if you are sleeping at the time. Trade the US only then. But avoid trading the chop chop session
  • #928
  • Sep 29, 2007 3:01am Sep 29, 2007 3:01am
guys, i'm little confused about fibonacci pivot and pivot multi time frame. i'd like to see these two indicators on my chart, but...are they valid? i mean, we use different broker, different timezone, and we will get different value each other. any thought on this? recently i tried multiplepivotsv2, there are GMTshift feature, but still not finding one, for weekly and mothly pivot. suggestion welcomed.
Attached File(s)
File Type: mq4 MultiplePivotsV2.mq4   26 KB | 943 downloads
  • #929
  • Sep 29, 2007 3:44am Sep 29, 2007 3:44am
Quoting wiper
Had some really nice profits today on the EUR/USD and GBP/USD.

EUR/USD

Long at 1.4185. Closed half at resistance3 (1.4217) for 32 pips. Closed other half at 1.4230 for 45 pips. (15 pips risk - Stop below support.)

GBP/USD

Long at 2.0351. Closed at 2.0384 (resistance3) for 33 pips. Risk was 33 pips.
Stop below support.


Both were valid signals on the 5 min chart.
Hope somebody else could profit too today.
you did good job ,

but I still get stoploss
2 trade in asia session E/J U/J ( a very small profit I never take it , at last stoploss)
1 trade in eur session usd/chf (FXDD TIME 14:00) STOPLOSS 12 PIPS

AFTER THEM ALL , I missed your profitable trade.
  • #930
  • Sep 29, 2007 5:53am Sep 29, 2007 5:53am
Quoting muyuan11
Pairs E/j
Fxdd Time : 9:10
Signal: Is Ok , Except Slopline Is Down ,and No Price Above It . So I Did Not Take It .

Unfortrunatly It End In Profit.
I'm new myself, but I think that TheWicker only uses the Slope Line for exit signals, not entry. That is, partial exit at resistance level; full exit when slope line flips color.

So, this signal and the next one you posted would be valid according to original rules... At least as I understand it.

Or has there been some discussion about improving entry signals using the slope??

best, bez
  • #931
  • Sep 29, 2007 10:32am Sep 29, 2007 10:32am
Quoting wiper
Had some really nice profits today on the EUR/USD and GBP/USD.

EUR/USD

Long at 1.4185. Closed half at resistance3 (1.4217) for 32 pips. Closed other half at 1.4230 for 45 pips. (15 pips risk - Stop below support.)

GBP/USD

Long at 2.0351. Closed at 2.0384 (resistance3) for 33 pips. Risk was 33 pips.
Stop below support.


Both were valid signals on the 5 min chart.
Hope somebody else could profit too today.


Please include charts
Thanks
  • #932
  • Sep 29, 2007 5:21pm Sep 29, 2007 5:21pm
The Wicker!
I made 11 forward tests of your excellent system. And I made 10 win and 1 loss. Total wins were average of 10 pips. On that way I made +85 pips per week including loss. According to me that is excellent profit. I am a little bit afraid of leaving open position when I have more than 10 pips profit. On that way I take around 10 pips, close the trade and wait for another signal. Sometimes happen that I got good signal 7-10 pips before some support/resistance level. Including spread I cuold take only 4-7 pips if I want to close trade on certain level. What would you do in this situation?? Enter the trade and make few pips and close half position or wait until price break level and than enter the trade??? Or something else??
Do you trade on that way taking about 10 pips and leave or wait to for price to reach another level support/resistance or slope to change the color??

You said that we have to avoid news. That means that if I got the good signal and I enter the trade I have to leave /close trade few minutes before news release??
For example:
On 27.09. at 11:00am I got good signal on GBP/USD to go long. I entered the trade and took 12 pips and went out because at 12:00am GBP news released. The news were good for GBP so I entered the trade again but on my own and according to previous signal, not the new signal. I made another 12 pips with half lot and went out.
What do you do in this situation???
You have answered me before that you dont enter the trade on daily support/resistance 3. You meaned on multiframe pivots or fib pivots?
Thanks for answering before and thanks in advance for this post.
  • #933
  • Sep 29, 2007 8:36pm Sep 29, 2007 8:36pm
Quoting bezoris
I'm new myself, but I think that TheWicker only uses the Slope Line for exit signals, not entry. That is, partial exit at resistance level; full exit when slope line flips color.

So, this signal and the next one you posted would be valid according to original rules... At least as I understand it.

Or has there been some discussion about improving entry signals using the slope??

best, bez
I am testing it .
with slopline is style that wicker metioned . so I try it .
but this week wicker turn back to original rule (because more entry maybe?).
  • #934
  • Sep 29, 2007 11:54pm Sep 29, 2007 11:54pm
Quoting pipul8r
Please include charts
Thanks
Please watch your 5 min charts last friday and I'm sure you will find those entry levels.

W.
  • #935
  • Edited 11:15pm Sep 30, 2007 10:50pm | Edited 11:15pm
Quoting eng_forex171
hey bro. try this one
iam using this expert without any problems .
Somebody has tests with the EA? Which the best configuration?


regards, Felipe
  • #936
  • Oct 1, 2007 1:50am Oct 1, 2007 1:50am
pairs: G/J
ENTER TIME : ASSIA SESSION 8:10 (FXDD TIME, GMT +3)
PROFIT : 45 PIPS (R2)
Attached Image
  • #937
  • Oct 1, 2007 5:05am Oct 1, 2007 5:05am
Here are my results for last week, thanks for the system Wicker
24/9 sell usd/jpy 114.87 tp @ 114.85
25/9 sell eur/jpy 161.37 tp @161.17
26/9 buy usd/cad 100.74 tp @ 100.84
26/9 sell eur/usd 1.4127 tp @1.4117
27/9 buy gbp/usd 2.0185 tp @2.0205
27/9 sell usd/cad 1.0015 tp @ 1.0095
28/9 buy eur/usd 1.4164 tp @ 1.4174
28/9 sell usd/jpy 115.21 tp @ 115.11 this one initially didn't look good but ok in the end Friday afternoons just don't seem right for my trading.Maybe I will just go to the gym instead.

Some advice/solution from fellow 5 minuters would be appreciated:
I use a spread betting account because of the tax benefits. I can't be at the computer all day so set a trade and go which means as you can see above generally I go for a 10/20 pip tp. My spread bet company do not have a trailing stop facility and will not allow the use of a plug in. If I had been able to trail the trades I reckon there would have been at least another 80 + pips over the week. Wondered if anyone had any suggestions as to how I can manage it better? Thanks
  • #938
  • Edited 6:06am Oct 1, 2007 5:09am | Edited 6:06am
NOW I have a another long position in G/J
but floating in loss -24 pips now .

updated: got stoploss -11 pips (I am too greedy , I do can BE )
  • #939
  • Oct 1, 2007 5:44am Oct 1, 2007 5:44am
CEO,

When I did backtesting with the latest ("E") version of your expert, I get journal entries that relate to (i) opening positions, (ii) modifying positions, (iii) stop loss events. I.e. I don't get any TP events logged in a journal.

But the report section does seem to register all trades correctly as it gives P&L summary, however without stating how those results were achieved.

Is there any way to record/see all the particulars of each trade, from opening a position to closing it, with a profit per each trade shown individually.

On a (semi)related note, why is the time setting important when running an autotrader?

MANY THANKS in advance!
One Chart is Worth Ten Thousand Words.
  • #940
  • Oct 1, 2007 8:37am Oct 1, 2007 8:37am
Hi Folks!

I just returned from a week long vacation. I see some are testing an EA now. Has anyone had any luck with it? What about those trading manually? I am using the EA for signals and check manually. Anyone else using the signals? The EA does identify signals correctly and makes for less screen watching.

I know Wiper is doing well with this system manually on a LIVE account. I beleive he uses the signal EA and confirms and trades manually - any others trading this?

I really like this system.
Believe and Achieve!
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