Trend Follower 5 Minute System

no i didnt..but am in the trade now.got in when the slope line turned green.presently at -4..will let u know how it goes.

check out GBP/JPY..it just gave a signal to go long

guys ..if u entered the usd/jpy trade this morning..the 1 posted up, i think its time to exit now cos of the news..am out now..bagged 20pips

Missed the GJ trade you spotted earlier, and it turned out to be a good one too, getting out at R2 for 20ish pips. Nice one.

Hi Wiper. I have been trading REAL with this strategy also. I would like to share the best setups and exit strategies that worked for me with this system and I would like to know what has worked for you too. let me know your MSN adress so we can chat and share experiences. thanks

c'mon ..why cant u share it with the rest of us in the forum?? i mean the wicker shared the trading system with all of us.

You can share here. I don't see a problem to share your strategies on this thread.

Wiper

thanks wiper .good attitude.

Hello,

Since the beginning of the month I've been testing the EA on 5' charts with TP 25, SL 20 and BE 15 pips to lock 1

Most of the time I let the EA run by itself in order to see what happens. Here are the results.
Positive trades 57
Negative trades 46
Overall profit slightly negative because each neg trade went to the SL and some positives were BE +1 ( or close manually on some occations)
WARNING. sometime the EA put me in the same trades till 3 times in a row (at each 5' interval) despite the fact I was already in the trade, and it'seem to happen more often as the time goes.

I also did the same test on a 15' TF but stop quickly when the acount went down 50% in a week or so.

CONCLUSION. It's safer to use the EA as a signal generator and decide by yourself if you take the trade or not.

Hope it will help

Alain

Hey All,

I've also been testing the EA on the 5m and have had good results. My settings are: TP:40, SL:20, trailing stop at 15 only after profit, Move to BE:15, pips to lock:5. I manually turn on the EA at 6:00gmt and shut it off at 21:00gmt. I also turn it off in front of major news anouncements.

Here are the pairs I'm trading
eurjpy
eurusd
gbpusd
usdchf
usdjpy

I've attached my jounral for this EA so you can see which pair has been most successful. Please note the tabs at the bottom of the excel page to switch between weeks.

I was testing the usdcad and the audcad but I stopped last week because of poor results and I don't want to watch too many pairs.

I think it will take a few more weeks of testing before I go live on all of these pairs. I have gone live on the eurusd but I watch it and usually exit manually. It would be great to figure out this EA so we don't have to sit in front of the computer all day long.

I also have the same problem of the EA entering the same trade several times. Is there anyone that knows how to stop it from doing that??

jhop

Are you using the signaltrendfollower3e EA?

I am using the 3e version of the EA

I couldn't get the xls file to upload so here are the screen shots, sorry if they are small.

jhop

Thanks. I've start this week to forward test the system..it seems that i took a bad week , the next one will be better..i hope.

hi guys. just wanted to say thx to the wicker. its an awesome combination of this indicators. very powerfull system

thx

I'm trying to backtest the 3e version but i'm getting to trade at all...can you post your full settings please?

Here are my settings, hope it helps.

extern string TM= "Trade and Account managment";
extern bool AccountIsMicro=true;
extern bool MM = true;
extern int Risk = 2;
extern double Lots = 1;
extern double DecreaseFactor =0;
extern int TakeProfit = 40;
extern int StopLoss = 20;
extern bool OnlyTrailAfterProfit=true;
extern int TrailingStop = 15;
extern int BreakEven=15;
extern int PipsToLock =5;
extern string Time_Parameters = " EA Active Time";
extern bool UseHourTrade = false;
extern int StartHour1 = 10;
extern int EndHour1 = 11;
extern int StartHour2 = 14;
extern int EndHour2 = 18;
extern string IS= "Indicator Settings";
extern string SDL= "Slope Direction Line settings";
extern bool UseSlope = False;
extern int SDLPeriod = 80;
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 MACD= "MACD settings";
extern int FEmaPeriod = 5;
extern int SEmaPeriod = 35;
extern int SignalPeriod = 5;
extern string Laguerre= "Laguerre settings";
extern double Gamma = 0.66;
extern double LevelCrossUp = 0.15;
extern double LevelCrossDown = 0.75;
extern string IT= "Investor trend, True=normal,False=All just Long";
extern int RMaMode = 1;
extern bool UseInvestorTrend = true;

this is off topic but has anyone noticed how accurate (so to say) the slope line is? maybe some one can program a EA using the slope line alone. i bet its going to be very profitable on the long run.

Thanks..now it's working.

Here ae my trades for last week
8/10 eur/usd sell 1.4119 t/p 1.4109
8/10 eur/usd sell 1.4102 t/p 1.4092
8/10 eur/usd sell 1.4087 t/p 1.4077
9/10 eur/jpy sell 164.25 s/l 164.85 ouch! all indicators good except bar after arrow turned at last moment a lesson learnt - must wait for the following bar to close completly and not anticipate what might happen
9/10 eur/jpy sell 1.4037 t/p 1.4027
9/10 eur/jpy sell 164.42 t/p 164.32
10/10 gbp/usd buy 2.0404 t/p 2.0414
10/10 usd/chf sell 1.1821 t/p 1.1811
11/10 gbp/usd sell 2.0391 t/p 2.384
11/10 gbp/usd sell 2.0386 t/p 2.0378
11/10 gbp/usd sell 2.370 t/p 2.0366
12/10 gbp/usd sell 2.0301 t/p 2.0298
12/10 gbp/usd sell 2.0280 t/p 2.0274
12/10 eur/usd sell 1.4170 t/p 1.4169 (every pip helps!)
Still having to set a 10 pip t/p as generally can't watch computer all the time and can't find a U.K. spread bet company that offers a trailing stop.
Any suggestions appreciated. If say a trailing stop of ten pips had been in place some t/ps would have gone to +30 pips
Overall an ok week. Thanks again Wicker for the system and all for their input

I have been trading this system live and only using the EA to indicate potential trades and not place orders. If you follow the rules to the letter you can pick up lots and lots of pips, the only times I have lost are when I did not follow the rules of the system, especially the macd values. In fact I may wait for an additional candle to close after the indicator comes up.