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Trend Follower 5 Minute System

  • #1,021
  • Oct 19, 2007 1:16am Oct 19, 2007 1:16am
Quoting Hakuna
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?
It filters most bad trades but unfortunately, it is not the holy grail and you have to accept losses too. Overall, this system works.
I'm using the system during euro and us session only. If one like to use this system during asian session, I would recommend to trade the jyp pairs only. (EUR/JPY, USD/JPY and GBP/JPY)

Wiper
  • #1,022
  • Oct 19, 2007 5:09am Oct 19, 2007 5:09am
Quoting wiper
It filters most bad trades but unfortunately, it is not the holy grail and you have to accept losses too. Overall, this system works.
I'm using the system during euro and us session only. If one like to use this system during asian session, I would recommend to trade the jyp pairs only. (EUR/JPY, USD/JPY and GBP/JPY)

Wiper
Thanks wiper
  • #1,023
  • Oct 19, 2007 5:28am Oct 19, 2007 5:28am
It would be really great if people could post their charts, if for no other reason than to see if we are getting the same signals with the same results and if we have everything installed correctly. Some calculations are done with different gmt times and that could make a difference, I dont know about WIPER but I have had some losses by following the signals according to the plan, not following every signal blindly. So just so I dont think some of you are full of crap, please prove me wrong and I will apologize in advance
Thanks, hugs and kisses
  • #1,024
  • Oct 19, 2007 8:15am Oct 19, 2007 8:15am
Quoting pipul8r
It would be really great if people could post their charts, if for no other reason than to see if we are getting the same signals with the same results and if we have everything installed correctly. Some calculations are done with different gmt times and that could make a difference, I dont know about WIPER but I have had some losses by following the signals according to the plan, not following every signal blindly. So just so I dont think some of you are full of crap, please prove me wrong and I will apologize in advance
Thanks, hugs and kisses
I am not sure what u mean by "I don't know about WIPER". Please read the earlier posts of this thread. The system is not full of crap! Demo on it for two months and famililise yourself with this system, than you could make judgment.
  • #1,025
  • Oct 19, 2007 8:20am Oct 19, 2007 8:20am
Quoting pipul8r
It would be really great if people could post their charts, if for no other reason than to see if we are getting the same signals with the same results and if we have everything installed correctly. Some calculations are done with different gmt times and that could make a difference, I dont know about WIPER but I have had some losses by following the signals according to the plan, not following every signal blindly. So just so I dont think some of you are full of crap, please prove me wrong and I will apologize in advance
Thanks, hugs and kisses
This is GBP/USD chart. Just study it. I didn't modify anything except adding a magnifying Price for me easy to read.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdtf.jpg Size: 110 KB
  • #1,026
  • Oct 19, 2007 8:22am Oct 19, 2007 8:22am
Here is another chart for USD/JPY.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpytf.jpg Size: 106 KB
  • #1,027
  • Oct 19, 2007 8:23am Oct 19, 2007 8:23am
Chart for GBY/JPY.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpytf.jpg Size: 117 KB
  • #1,028
  • Oct 19, 2007 8:26am Oct 19, 2007 8:26am
Here is EUR/USD Chart. Your chart should be the same.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdtf.jpg Size: 100 KB
  • #1,029
  • Oct 19, 2007 8:33am Oct 19, 2007 8:33am
the last 4 charts don't match the rules.
  • #1,030
  • Oct 19, 2007 8:51am Oct 19, 2007 8:51am
Quoting Hakuna
the last 4 charts don't match the rules.
I quite a bad boy, sometimes not following the rules. As you can see, nothing can be lost. The system solid as it is. As i said before, get a feel with this system and u will understand. Wiper is right, not every system is holy grail.
You as a trader, deciding the trade worth for entering or not.
  • #1,031
  • Oct 19, 2007 2:31pm Oct 19, 2007 2:31pm
Wiper,

If the system is so good, will/do you trade with 85-90% of your funds? Would/do you re-invest the profit, i.e. do you add the money you made to the money you are trading with?

With a leverage of 1:100 and around 60-70% pips per week on average, you should be doubling your money every month (at the very least)...
One Chart is Worth Ten Thousand Words.
  • #1,032
  • Oct 20, 2007 11:34am Oct 20, 2007 11:34am
If your gonna whine and give attitude do it somewhere else, we are all here to help one another and be better traders not to critisize and pick one another apart. Trading with 85-95% of your funds is for fools who will be soon parted from their money, no matter how good the system. if you don't like the system or are not disciplined enough to use it that is your problem, if you want to learn we are here to help.

Personally I make 200-300 pips a week using this tool alone accross mulitple pairs.



Quoting Forex007
Wiper,

If the system is so good, will/do you trade with 85-90% of your funds? Would/do you re-invest the profit, i.e. do you add the money you made to the money you are trading with?

With a leverage of 1:100 and around 60-70% pips per week on average, you should be doubling your money every month (at the very least)...
  • #1,033
  • Oct 20, 2007 1:57pm Oct 20, 2007 1:57pm
Quoting Forex007
Wiper,

If the system is so good, will/do you trade with 85-90% of your funds? Would/do you re-invest the profit, i.e. do you add the money you made to the money you are trading with?

With a leverage of 1:100 and around 60-70% pips per week on average, you should be doubling your money every month (at the very least)...
This is the most silly comment i ever found. If you are not happy with this trading system, you can look for other systems in this entire FF forum that suit you most.

We are here help each other, not by giving sarcastic comment.
  • #1,034
  • Edited 2:31pm Oct 20, 2007 2:20pm | Edited 2:31pm
Sure, we all know about money management etc. But if you stop and think (out of the box) for a moment, you will see beyond a knee-jerk reaction.

Wiper said earlier on that he won't risk even 5-6 pips whilst making 30 pips. Anyone who is familiar with Kelly's risk management strategy (1956; those who are not - read it first before critisizing me), could easily calculate the risk factor (which is not your typical 2-5% suggested by FX "gurus"). If the 5-6/50pips risk/reward plus 80-85% accuracy are true, YOU would be silly NOT to trade with a large portion of your equity (unless you only pretend to understand the risk factors and MM principles).
One Chart is Worth Ten Thousand Words.
  • #1,035
  • Oct 20, 2007 2:23pm Oct 20, 2007 2:23pm
Besides, it was Wiper whom I asked the question. If someone else feels like volunteering his/her opinion, (please) do so in a more "neutral" manner.
One Chart is Worth Ten Thousand Words.
  • #1,036
  • Oct 21, 2007 12:17am Oct 21, 2007 12:17am
Quoting mattrader
This is GBP/USD chart. Just study it. I didn't modify anything except adding a magnifying Price for me easy to read.
mattrader,

these are not good trades are they??

GBP/USD - MACD does not agree, neither does the most trend
USD/JPY - MACD does not agree, Lagueere does not cross, seems that not all trends are going down again
GBP/JPY - MacD does not agree, Lagueere does not cross 75, trends not agree

I may be wrong, just trying to understand!

Thanks,
Adam
  • #1,037
  • Oct 21, 2007 1:03am Oct 21, 2007 1:03am
Quoting ilcapocamorr
mattrader,

these are not good trades are they??

GBP/USD - MACD does not agree, neither does the most trend
USD/JPY - MACD does not agree, Lagueere does not cross, seems that not all trends are going down again
GBP/JPY - MacD does not agree, Lagueere does not cross 75, trends not agree

I may be wrong, just trying to understand!

Thanks,
Adam
Hi Adam,

Yes you are right, if according to rules it is not valid at all for entry. I am posting the chart as requested by Pipul8r, to see the setting it is the same.

As i said before, up to you if you want to pick up the call or just wait for the proper signal agreement.
  • #1,038
  • Oct 21, 2007 3:04am Oct 21, 2007 3:04am
Sometimes when an alert appears, I see that there is already a spike upwards, how can I ensure that price will stay up there and not turn around?
  • #1,039
  • Oct 21, 2007 3:14am Oct 21, 2007 3:14am
Quoting mattrader
Hi Adam,

Yes you are right, if according to rules it is not valid at all for entry. I am posting the chart as requested by Pipul8r, to see the setting it is the same.

As i said before, up to you if you want to pick up the call or just wait for the proper signal agreement.
These charts shown by mattrader have nothing to do with proper signals or entry points. I don't know why anyone should take a trade in those kind of situations/market conditions.
But as mattrader said, it's everyones own call whether to take or not to take a trade.
Just please don't post these kind of charts because people who are new to this system may get confused.

Thank you
  • #1,040
  • Oct 21, 2007 10:12am Oct 21, 2007 10:12am
thanks for the clarification, I have been trying to use this method for sometime, but am having some problems, I blame no body but myself. I am going to post some trades I see and will request the help from you all to see if they are valid entries,

CHEERS!
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