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Attachments: Trend Follower 5 Minute System
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Trend Follower 5 Minute System

... waiting for eurchf to head down ... it's at the top of it's longer term 4h & daily & weekly channel ... looks like it's ready to break downward.... plus macd/lagguerre on the borderline .....?
WARNING: Don't follow me as I'm just learning
eurchf off to a nice start

....just learning this system
WARNING: Don't follow me as I'm just learning
....mmmm ... the ema cross signal arrows repaint ...

... still not stopped out of anything
WARNING: Don't follow me as I'm just learning
all,,

how about an exit strategy, i know i know i should do what i think is best but has anyone had anything work for them?

Exit at pivot points? Set TP? Trailing Stop??

Just checking to see what others have found to work for them...

THANKS!!

I plan to post some entires that I see and hope to recieve feedback on if they looked good/bad..
Thanks TheWicker for sharing this excellent system.

Also thanks TraderGeek and CEO for programing the EA.

After trading the system manuelly, and observing the price action for a few days, I found that the MACD will filter out bad trades, but also filter out profitable trades too, especially when the MACD is extremelly high for short, or extremely low for long. Can we have a version of the EA that have an option to turn off the MACD rule, so we may check out if this may make the system more profitable in long term by taking all Laguerre signal confirming with GMMA only?

Please kindly advise.

hksweeper
IT COMPLIMENTS for this method. IS an intelligent method. Thanks in order to have shared it, and still compliment
Quoting ilcapocamorr
all,,

how about an exit strategy, i know i know i should do what i think is best but has anyone had anything work for them?

Exit at pivot points? Set TP? Trailing Stop??

Just checking to see what others have found to work for them...

THANKS!!

I plan to post some entires that I see and hope to recieve feedback on if they looked good/bad..
I personally set my TP's close to pivots. I also move my stops when I'm in profit (usually 10-15 pips profit).

One may want to ask on which resistance(1,2,3) or support(1,2,3) to take the profit. On that mater I watch the GMMA's in the beginning of the trade. If all MA's are nicely compressed and pointing in the same direction, then I expect a bigger move.

Hope that helps
nipper i have tried to reply, it says i cannot as i have less than 15 posts, pm again with your phone number I will give you a call. or look on skype, chris_tomes online now 12.21 tuesday our time.. sorry to everyone for this waste of your time
I would like to ask you what exact levels do you use for Laguerre?
The Wicker uses 0.15 and 0.75 but wouldn't it make more sense if we use proportional levels like 0.15 and 0.85?

Hope you have time to answer
Not thought that 20 pips of stop loss, is many. and that if the trade is mistaken it convene to exit as an example before 10pips of stop? that of thoughts? experiences?
Quoting Hakuna
I'm Italian ..
CIAO sono anch'io italiano.. contattami su MSN Messenger
Il mio contatto è [email protected] tene sarei molto grato .. mi farebbe piacere far 2 chiacchiere su questo sistema ..
Hello traders, and thanks Mr Wicker for your great system. I'm using one more filter to confirm the signals. I'm opening a trade when all the original options are in the place + the DayImpulse overlay is pointed in the direction of the trade. When it's pointed to another direction or whent is't flat I don't take a trade. I'll be happy if someone will find it usefull. Good luck in trading.
Attached File(s)
File Type: mq4 DayImpulse2DD.mq4   4 KB | 1,300 downloads
File Type: mq4 DayImpulseOverlay.mq4   3 KB | 1,191 downloads
ChartSurfer
I have paper traded this system for almost 2 months now and the results for October are 404 pips.

I trade G/U, A/U, E/U, CHF/U and USD/JPY. My trading begins at 8 am and ends at 5 pm GMT +2. Most of the trades were taken between 10am to 3pm.
I took only 20 high probability trades in Oct.

I will go live with this system starting from next year.
The point of this post is that TrendFallower really is a solid system and if traded properly can produce good amount of pips.

PS! Always trade in the direction of the bigger trend!
Quoting MKK
I have paper traded this system for almost 2 months now and the results for October are 404 pips.

I trade G/U, A/U, E/U, CHF/U and USD/JPY. My trading begins at 8 am and ends at 5 pm GMT +2. Most of the trades were taken between 10am to 3pm.
I took only 20 high probability trades in Oct.

I will go live with this system starting from next year.
The point of this post is that TrendFallower really is a solid system and if traded properly can produce good amount of pips.

PS! Always trade in the direction of the bigger trend!
Hi MKK
Did you backtest it using the original rules?
I have been using this system, in its original format on the 5 minute time frame with good results. I only trade the 1 currency, and take profits at a much smaller level than others seem to expect, typically 7-10 pips once a day typically. I trade the european open through to its close, and would like to say a big thank you to wicker and everyone, it consistently banks pips, and with correct money management, 150 or so pips monthly is more than enough for me.
Quoting Hakuna
Hi MKK
Did you backtest it using the original rules?
Actually it is almost impossible to backtest this system because daily pivots, resistance and support levels are updated every day.

What I do, is that I look every day for valid signals and write down my entries, TPs SLs and exits.

And yes, I use original rules although I do watch the slope line.
i have tested the EA by CEO (version 3e)with mixed settings and noticed i was in the (-) on allmost every trade. Also noticed his entry signals on the lagurre do not match the original system. Was wonderimg if anyone else noticed these proplems? I understand the complexaty of programming code and am not hateing on CEO was just wondering if any one else experienced these problems and if not what were your EA settings?
Quoting moneyonmind
i have tested the EA by CEO (version 3e)with mixed settings and noticed i was in the (-) on allmost every trade. Also noticed his entry signals on the lagurre do not match the original system. Was wonderimg if anyone else noticed these proplems? I understand the complexaty of programming code and am not hateing on CEO was just wondering if any one else experienced these problems and if not what were your EA settings?
This EA is very good for signals but it is not meant to be fallowed blindly.
Is there an alternate more 'standard' indicator instead of the 'Laguerre'? RSI perhaps (with which settings)?

The 2 charting packages which I am very very used to using do not have Laguerre and it is not importable in MT4 format, unless I re-code it.

Many thanks, Johnny.
Quoting MKK
This EA is very good for signals but it is not meant to be fallowed blindly.
This is true, but has any one noticed the laguerre diferences with the manual system and the EA?

On a seperate note great system!!! Thanks wicker!!
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