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Trend Follower 5 Minute System

  • #961
  • Oct 3, 2007 9:19am Oct 3, 2007 9:19am
Quoting TiKin
Hello Fellow Traders,

The worst enemy of traders and most trading systems is a sideway market. Most systems try to catch the big wave and hop onto it, but this requires also many bad trades before catching that big wave. This system as the uncanny hability to prevent many of these bad trades as it does not trade the big breakout but it's retracement. However, the non farm payroll week is usually sideway but for one or rarely 2 trending days before Friday. Thus, being carefull during this week is of the outmost. The NFP week is the big loosing week for many traders but it seems to take a few years of trading to remember it, as the rest of the month is usually quite influenced by this data and more regular as we have seen during the last month.
Good post! That's the strenght of this system but it requires patience and most traders don't have it and want to rush in every breakout they see...and lose.
  • #962
  • Oct 4, 2007 4:14am Oct 4, 2007 4:14am
pairs : G/J
TIME : 10 MIN BEFOR EUR SESSION (I THINK THIS TIME MAYB NOT GOOD TIME TO OPEN )

EVEN THIS IS A GOOD SETUP ,BUT STILL GOT STOPSLOSS ,I THINK OPENTIME IS NOT GOOD ,TOO NEAR TO EUR SESSION OPEN
  • #963
  • Oct 4, 2007 5:02am Oct 4, 2007 5:02am
pairs : G/C

SETUP IS PERFECT . BUT STILL END IN LOSS -30 PIPS

TODAY IS NOT LUCKY DAY

LOST MORE THAN 60 PIPS
  • #964
  • Oct 8, 2007 7:06am Oct 8, 2007 7:06am
hey guys..hope u had a nice weekend....its getting quiet in here. maybe its because of the Columbus holiday..
is this a valid trend follower setup up? the only thing wrong in here is the time (7:40am)..wat do u guys think?
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  • #965
  • Oct 8, 2007 7:18am Oct 8, 2007 7:18am
Seems valid to me.
  • #966
  • Oct 8, 2007 4:13pm Oct 8, 2007 4:13pm
just look at that
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  • #967
  • Oct 8, 2007 4:21pm Oct 8, 2007 4:21pm
Quoting spotless1212
hey guys..hope u had a nice weekend....its getting quiet in here. maybe its because of the Columbus holiday..
is this a valid trend follower setup up? the only thing wrong in here is the time (7:40am)..wat do u guys think?
The only thing that keeps this trade away from perfect is the slope direction. Although it's almost flat so I would have taken this trade if it was between my tradinghours.
But this is just my trading style and it's not in the rules either.
So a valid trade.
  • #968
  • Edited 11:53pm Oct 8, 2007 11:43pm | Edited 11:53pm
Quoting spotless1212
just look at that
Great trade if you took it.
About the slope: it would be worth taken this trade because you don't had to risk a lot on this trade. I would have taken it, even the slope was green.
  • #969
  • Oct 9, 2007 10:04am Oct 9, 2007 10:04am
To wiper:

I have a question. Since you are trading this system live and with real money, do you protect your profits? I mean if trade is positive by lets say 10 pips do you move you stops to B/E etc?

I just wonder how much room do I have to give a trade and at the same time protect my profits too.
  • #970
  • Oct 9, 2007 1:00pm Oct 9, 2007 1:00pm
Quoting MKK
To wiper:

I have a question. Since you are trading this system live and with real money, do you protect your profits? I mean if trade is positive by lets say 10 pips do you move you stops to B/E etc?

I just wonder how much room do I have to give a trade and at the same time protect my profits too.
Usually not, I will go BE if I'm 15-20 pips in the profit on the EUR/USD. I'm trading this pair for 85%.
I am always looking for low risk trading setups, sometimes, I don't even risk 6 pips to capture 30 or more. Basically, I'm using this system because it is really good + low risk trading patterns.
  • #971
  • Oct 9, 2007 2:27pm Oct 9, 2007 2:27pm
Quoting wiper
Usually not, I will go BE if I'm 15-20 pips in the profit on the EUR/USD. I'm trading this pair for 85%.
I am always looking for low risk trading setups, sometimes, I don't even risk 6 pips to capture 30 or more. Basically, I'm using this system because it is really good + low risk trading patterns.
Thank you for your answer.
How many trades do you take on average per month? And how many pips?
  • #972
  • Oct 10, 2007 12:58am Oct 10, 2007 12:58am
Hello to all!

I'm new to this system - also been trading for a while, but struggling to either find/develop a system that suits my trading style and times I can trade. This looks great so far. Has read all the posts, ea working. Am trading live on mini, because I found out the hard way for me demo doesn't work. As soon as I go live all the demons return with a vengeance...
I would appreciate it if anyone can help me with slope direction indicator. Using MT4, did everything right - slope direction shows on ea, but I can't get the indicator to show on my charts. I can get into the code (hasn't done anything), just checked to see if it is in MT4. Thanks in advance. And thank you to everyone who contributed and did all the work.
rb
  • #973
  • Oct 10, 2007 8:11am Oct 10, 2007 8:11am
Quoting C.E.O.
OK, this time im done I swear.....except for bugs

I cant help it, i like coding......................GEEK
would u plz send the best setting for this adviser. my broker time is +3GMT

thanks
  • #974
  • Oct 10, 2007 11:00am Oct 10, 2007 11:00am
I see that many followers of the Trend Follower system as well as traders in general are finding themselves in psychological roller coasters. That why I though I would make a post to assist you. The post is located here:

Most Important Rules Of Trading

P.S. I also have a new design of the blog! (Third in three months )
  • #975
  • Oct 10, 2007 12:05pm Oct 10, 2007 12:05pm
Quoting MKK
Thank you for your answer.
How many trades do you take on average per month? And how many pips?
25 trades (most on EUR/USD) doing about 400+pips/month
  • #976
  • Oct 10, 2007 12:06pm Oct 10, 2007 12:06pm
Quoting TheWicker
I see that many followers of the Trend Follower system as well as traders in general are finding themselves in psychological roller coasters. That why I though I would make a post to assist you. The post is located here:

Most Important Rules Of Trading

P.S. I also have a new design of the blog! (Third in three months )
Great Design Wicker! It's true about the rollercoaster. One bad trade and the system doesn't work anymore...
  • #977
  • Oct 10, 2007 8:46pm Oct 10, 2007 8:46pm
Quoting wiper
25 trades (most on EUR/USD) doing about 400+pips/month
Can the same/similar result be achieved with larger trades (e.g. USD1m cash, leveraged at 1:50)?
One Chart is Worth Ten Thousand Words.
  • #978
  • Oct 10, 2007 10:24pm Oct 10, 2007 10:24pm
I've been studying this system for three weeks and demo traded on 5min. TF with good results . Because my Broker(ODL) offers many pairs and some exotics I searched for other pairs than the recommended ones which had high volitility and sufficient volume just for cheap thrills. Take a look at silver and oil recently. I had to step up to the 30 TF because I was getting whipsawed on the 5min. I also used an absolute strength histogram as a filter because I could easily set the level which I had entered profitable trades. Feedback anybody?
I should never have switched from scotch to martinis
  • #979
  • Oct 11, 2007 1:56am Oct 11, 2007 1:56am
any body knows best setting for expert
plz help
  • #980
  • Oct 11, 2007 3:59am Oct 11, 2007 3:59am
I'm in, anyone catch this one?
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