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Trend Follower 5 Minute System

  • #1,121
  • Edited 3:20am Nov 15, 2007 1:39am | Edited 3:20am
Quoting C.E.O.
Found a bug in the time code...
2 questions... 1) Is this the latest verion, and 2) Can you document in detail what the various properties do?
  • #1,122
  • Nov 15, 2007 11:17am Nov 15, 2007 11:17am
Message to a few previous posters:

The slope line is not used as an indicator for entry points. It does not matter if its red or blue. Slope is only used for exits.
  • #1,123
  • Nov 15, 2007 1:57pm Nov 15, 2007 1:57pm
TheWicker,

You're the man! Nice thread and signal you have here.

Thank you, man, for sharing this with everyone!

May the pips be with you (and me too!!!)

  • #1,124
  • Nov 15, 2007 11:05pm Nov 15, 2007 11:05pm
Incidentally, please enlighten me why 4 and 8 EMA crossover instead of 2 and 4 for an earlier signal? Appreciate the advise...

  • #1,125
  • Nov 16, 2007 8:08am Nov 16, 2007 8:08am
Quoting rsbgm
Incidentally, please enlighten me why 4 and 8 EMA crossover instead of 2 and 4 for an earlier signal? Appreciate the advise...

More false signals if you use smaller ema's. That will be the reason I think.
  • #1,126
  • Nov 17, 2007 1:39am Nov 17, 2007 1:39am
Quoting wiper
More false signals if you use smaller ema's. That will be the reason I think.
Thanks, Wiper!

Let there be pips for you (and me too!)

  • #1,127
  • Nov 18, 2007 5:53pm Nov 18, 2007 5:53pm
quote=Ado;1713729]Hi everybody. Thanks Wicker for this nice system, I really like it.

I have also studied a bit the 30 min. charts and like how they look; however I have noticed in the particular case of 30 min. charts, that the slope signal + macd are more relaiable than the rainbow and the laguerre all together, I mean, if slope red, and red arrow, is a nice down race in most cases, and viceversa, slope blue and green arrow, nice uptrend, no matter if rainbow is in bearish/bullish mode or the laguerre position, I don' know if somebody else has noticed this, or it's just coincidence in the candles of last month (the ones that I had checked in some pairs).

I would like to have some comments about. Nice trading.[/quote]

i looked back the gj and ej and u r right if the arrow agrees with the sloop on 30m chart that is a good up/down trend like 100 to 200 pips profit i am trying to forward test it
  • #1,128
  • Nov 19, 2007 2:24am Nov 19, 2007 2:24am
Quoting Ado
Hi everybody. Thanks Wicker for this nice system, I really like it.

I have also studied a bit the 30 min. charts and like how they look; however I have noticed in the particular case of 30 min. charts, that the slope signal + macd are more relaiable than the rainbow and the laguerre all together, I mean, if slope red, and red arrow, is a nice down race in most cases, and viceversa, slope blue and green arrow, nice uptrend, no matter if rainbow is in bearish/bullish mode or the laguerre position, I don' know if somebody else has noticed this, or it's just coincidence in the candles of last month (the ones that I had checked in some pairs).

I would like to have some comments about. Nice trading.
Yes Ado, your findings are very interesting. Back testing shows high probability trades. Very interesting...

  • #1,129
  • Nov 22, 2007 2:08am Nov 22, 2007 2:08am
Hello guys, i'm following with interest this thread and the TheWicker blog. I would know if there's some important system change posted on this thread.
  • #1,130
  • Nov 22, 2007 4:23am Nov 22, 2007 4:23am
The system remains unchanged since the beginning of this thread
  • #1,131
  • Nov 24, 2007 4:01am Nov 24, 2007 4:01am
Quoting TheWicker
Here is your entry points for the picture you gave me. The first entry point is an example of a great signal. We are looking for these. If you look at the rainbow you see the MA's are contracted, and if you look at the entry #2 you see the MA's are already expanded. What this means is a large move has already happened and price is now looking for a retrace. A good trade is when the rainbow MA's are contracted and heading in the same direction, we see this in Entry #1.

Both entries were profitable if you took the proper exit

Entry #1 = from 2.0285 to support 2 at 2.0220 +65 pips

Entry #2 = a very risky trade, since the guppy moving averages were expanded. This should be common basic knowledge to most of us, that if this was the case, price is looking for a retrace or will be moving more steadily waiting for another move when the moving averages contract more. 2.0232 - 2.0220 +12 pips.
I'm reading this thread from the start and am now looking at post #51
You use support at 2.0220 but I only have a line at 2.0234
Perhaps some setting? Can you explain the difference or post your .tpl ?
May the pips be with you.
  • #1,132
  • Nov 24, 2007 1:08pm Nov 24, 2007 1:08pm
I have some question and hope someone is kind enough to answer them.

I think at the 3rd arrow there is a perfect long setup with everything aligning and and the Guppy's compressed.

But what about the 1st white arrow?
At the the bar with the arrow MACD is still below zero.
But at the close of the next bar it's above zero (impossible to see on the pic)
Guppy is in a narrow rangel but orange and yellow are crossing.
Is that allowed? Do only red and green be correctly ordered?

Finally another question about the 3rd arrow.
Just befor that signal MACD dipped below the 0-line
Suppose it didn't and was above al the way back to the 1st white arrow.
Would that invalidate the setup?
Attached Image (click to enlarge)
Click to Enlarge Name: trendfollower.gif Size: 39 KB
May the pips be with you.
  • #1,133
  • Nov 25, 2007 1:12am Nov 25, 2007 1:12am
We always look at the signal bar and one after. In your case both would have been valid signals. Reds and greens are the most important lines, then the rest of them follows but all should be heading in the same direction (north for long, south for short), you can see they all are doing this at the next bar after the signal bar.

In your second question you're referring to re-entering the trade. A few minutes back you had your entry signal (first white arrow - every indicator is signaling) and now you can be looking at an alternative entry where MACD is NOT signaling but the others are. You enter those alternative entries if you really don't want to miss a trade. You have to be sure that you got a perfect signal few bars back (your first arrow) and then enter the alternative entry with no MACD in mind.

This entries are a lot riskier and I usually don't use any re-entries, so I didn't explain them in the manual. It's best to stick with the original entries.
  • #1,134
  • Nov 25, 2007 1:34am Nov 25, 2007 1:34am

Hello Wicker,

I'm not even trying to divert from the rules for the slightest bit.
My questions where just checking if I understood the rules from your site.
And partly because English isn't my first language and I sometimes miss the finesse of your posts.
So forgive me for asking the same thing again.
Does the MACD has to cross on or 1 bar after the signal bar or is just being above 0-line good enough? Or would none crossing qualify as re-entry?

Quote
Reds and greens are the most important lines, then the rest of them follows but all should be heading in the same direction (north for long, south for short),
Ok, for a long trade the remaining colors need to point up.

Quote
you can see they all are doing this at the next bar after the signal bar.
Do you mean if at the signal bar we only go long if all colors point up and are ordered correctly. And if they all point up but the remaining colors are still twisted we wait for the close of the bar after the signal bar and at that point check if they point up?
I ask because sometimes/often at the signal bar it's already clear they are pointing up by looking 1 bar back.


Thanks for your answers and above all for your system!
May the pips be with you.
  • #1,135
  • Nov 25, 2007 4:12am Nov 25, 2007 4:12am
The pivot lines are based on the last pivots througout the whole chart.
That's not very useful when visually backtesting because the wrong pivots for that time are shown.
Can someone please post a better pivot indicator?
May the pips be with you.
  • #1,136
  • Nov 25, 2007 4:21pm Nov 25, 2007 4:21pm
Quoting Ado
Hi everybody. Thanks Wicker for this nice system, I really like it.

I have also studied a bit the 30 min. charts and like how they look; however I have noticed in the particular case of 30 min. charts, that the slope signal + macd are more relaiable than the rainbow and the laguerre all together, I mean, if slope red, and red arrow, is a nice down race in most cases, and viceversa, slope blue and green arrow, nice uptrend, no matter if rainbow is in bearish/bullish mode or the laguerre position, I don' know if somebody else has noticed this, or it's just coincidence in the candles of last month (the ones that I had checked in some pairs).

I would like to have some comments about. Nice trading.
hi ado
i back tested your idea of 30m chart of the gbp/jpy from nov 9 2007 to nov 23 2007 with stoploss of 50pips+spread and exit when oposite arrow signles on 30m chart and u know what it gave me a total pips of 2767pips by two weeks it signled 16 signals 13 of them where good and only 3 of them went wrong i will paper trade for a month and then go live on it thank u the wiker and ado and all others
  • #1,137
  • Nov 25, 2007 4:32pm Nov 25, 2007 4:32pm
Quoting axmed71
hi ado
i back tested your idea of 30m chart of the gbp/jpy from nov 9 2007 to nov 23 2007 with stoploss of 50pips+spread and exit when oposite arrow signles on 30m chart and u know what it gave me a total pips of 2767pips by two weeks i will paper trade for a month and then go live on it thank u the wiker and ado and all others
Woaa! :surprised looks very nice, but I think we would need at least a year of backtesting to give it a chance in a live account, as I said in other post, when I paper traded a year in the EUR/USD the profit was very little, but If the monthly check is good, then I think it's worthy to do the yearly revision, please keep me informed of your results
Ado Whether you believe you can do a thing or not, you are right.
  • #1,138
  • Nov 26, 2007 2:03am Nov 26, 2007 2:03am
hi mr wicker really it is great system i am testing for areiod of time now and i have question what is the ratio of succeded trate to failed ones with the perfect setups only untill now and the most preferred pair to trade thanks very much
  • #1,139
  • Nov 26, 2007 4:49am Nov 26, 2007 4:49am
To TrederSeven: It only needs to be above/below 0.

If all the indicators agree at the signal bar, we don't have to wait for the close, but can enter the trade immediately. If the setup is not correct, we wait untill the close of the next bar after the signal line.
  • #1,140
  • Nov 26, 2007 6:06am Nov 26, 2007 6:06am
Thanks Wicker.

Just being above/below instead of crossing makes a lot of diffrence in the number of valid trade setup
May the pips be with you.
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