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Trend Follower 5 Minute System

  • #1,001
  • Oct 15, 2007 7:50pm Oct 15, 2007 7:50pm
Quoting endroute
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.
Do you use or not the slope direction rule, as noticed by Wiper, in addition to the other rules.

Thanks
  • #1,002
  • Oct 15, 2007 8:30pm Oct 15, 2007 8:30pm
IF I may ask, what are your guidelines for the slope line?
I understand that to be the only rule that has some option.

Thanks


Quoting endroute
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.
  • #1,003
  • Oct 16, 2007 2:10am Oct 16, 2007 2:10am
Dear fellows,
Did anyone of you using this system blindly? if yes, is it still a good system? if not, how can you determine which one is the good trade, and which one isn't? thanks..
  • #1,004
  • Oct 16, 2007 8:10am Oct 16, 2007 8:10am
Quoting endroute
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.
Yes it is a very nice system but you have to follow the rules by the Wicker.
Good you have succes with it!
  • #1,005
  • Oct 16, 2007 8:38am Oct 16, 2007 8:38am
I always make sure the trade direction follows the slope direction, I think that this may be as important as the MACD values. When I get time I am going to try to setup the EA to take the slope direction into account, which should result in much higher accuracy.

I would not EVER recommend anyone using this EA or any other technical based EA to trade blindly, doing so will only result in massive losses. I use an EA to auto trade a purely mechanical straddle system but that is IT.



Quoting cesande
IF I may ask, what are your guidelines for the slope line?
I understand that to be the only rule that has some option.

Thanks
  • #1,006
  • Oct 17, 2007 12:46pm Oct 17, 2007 12:46pm
I've correctly installed the EA, can backtest it but i don't have any signal on live chart..any idea why?
  • #1,007
  • Oct 17, 2007 5:01pm Oct 17, 2007 5:01pm
Hi,

I was wondering if anyone could write me an MACD Zero Alert?

I have been looking for this everywhere and cannot find one... grrr

Just hoping someone can help me out, would be great!

As I can keep an eye on all the time, I think this would help me.

Thanks,
Guess
  • #1,008
  • Oct 18, 2007 10:51am Oct 18, 2007 10:51am
Quoting Hakuna
I've correctly installed the EA, can backtest it but i don't have any signal on live chart..any idea why?
Sorry...just appeared a pop-up alert on EUR/USD.
  • #1,009
  • Oct 18, 2007 10:52am Oct 18, 2007 10:52am
Last week pips +91 pips
This week so far +113

Mostly on the EUR/USD

Open position on EUR/USD: +35 pips

Anyone other has live results? Please post

Wiper
  • #1,010
  • Oct 18, 2007 10:54am Oct 18, 2007 10:54am
Quoting wiper
Last week pips +91 pips
This week so far +113

Mostly on the EUR/USD

Open position on EUR/USD: +35 pips

Anyone other has live results? Please post

Wiper
Wiper..can you tell me what time you opened the eur/usd position?
just to compare my chart.
  • #1,011
  • Oct 18, 2007 11:01am Oct 18, 2007 11:01am
Quoting Hakuna
Wiper..can you tell me what time you opened the eur/usd position?
just to compare my chart.
Today, I opened at 1.4255 at 12:35 my time.
  • #1,012
  • Oct 18, 2007 11:09am Oct 18, 2007 11:09am
Quoting wiper
Today, I opened at 1.4255 at 12:35 my time.
Your time now is 18:10? I think is GMT+1 right?
If yes i had the same signal.
  • #1,013
  • Oct 18, 2007 11:31am Oct 18, 2007 11:31am
Correct. You took the trade?
  • #1,014
  • Oct 18, 2007 11:41am Oct 18, 2007 11:41am
Quoting wiper
Correct. You took the trade?
No
I'm still forwarding testing the system..together with 2 more systems.. demo account.
  • #1,015
  • Oct 18, 2007 11:57am Oct 18, 2007 11:57am
Quoting Hakuna
No
I'm still forwarding testing the system..together with 2 more systems.. demo account.
Good idea but this is a great system (RT forex trader since 2003). I wouldn't look for something else. Trust me. You just need patience to trade this system and knowing what support and resistance is.
Executed thousands of LIVE trades and tried lot's of "useless" systems.

Wiper
  • #1,016
  • Oct 18, 2007 12:24pm Oct 18, 2007 12:24pm
Quoting wiper
Today, I opened at 1.4255 at 12:35 my time.
Hello Wiper,
I have been following this thread for a long time.
About 12:35 trade, I do not understand why did you stay in position after slope line turned to red and macd went below 0.
And when did you take the trade? After signal arrow price was higher than 1.4255.
What timezone are you in? Is it GMT or GMT+1?
At 13:35 (GMT+1) I can see another signal arrow, but laguerre have crossed 0.15 an hour before that.
Could you answer this please. I think it would take me closer to understand this system.
I hope you understand my english.
Thanks,
  • #1,017
  • Oct 18, 2007 12:34pm Oct 18, 2007 12:34pm
Quoting wiper
Good idea but this is a great system (RT forex trader since 2003). I wouldn't look for something else. Trust me. You just need patience to trade this system and knowing what support and resistance is.
Executed thousands of LIVE trades and tried lot's of "useless" systems.

Wiper
I have experience with trading since 2000 , i see that this system is reliable and solid. The only doubt i have is about the ranging market, i don't know yet the forex movement so i took some virtual bad trading because of a flat market.
I suppose that trading this system during a certain time can avoid some bad signal.
I'm Italian but i'm living in Brazil so i can trade only during us session and late uk session, but i notice that some good movement appears during uk first trading hours.
Do you have any tips about this?
  • #1,018
  • Oct 18, 2007 1:43pm Oct 18, 2007 1:43pm
Quoting wiper
Last week pips +91 pips
This week so far +113

Mostly on the EUR/USD

Open position on EUR/USD: +35 pips

Anyone other has live results? Please post

Wiper
Wiper - are you trading the 5 minute charts? I seem to remember someone making this work on the 30 minute charts, but not sure if it was you.
  • #1,019
  • Oct 18, 2007 8:58pm Oct 18, 2007 8:58pm
Hi Wiper,

I have one question, do you use TF5min to trade? Any experience using other TF?

Thanks.
  • #1,020
  • Oct 19, 2007 3:10am Oct 19, 2007 3:10am
Quoting mattrader
Hi Wiper,

I have one question, do you use TF5min to trade? Any experience using other TF?

Thanks.
Yes, I use TF5 min. I'm not using any other timeframes.
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