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Trend Follower 5 Minute System

  • #1,281
  • Jan 22, 2008 12:52am Jan 22, 2008 12:52am
SHORT: AUDJPY @ 90.93

Another nice short on audjpy for about 40 pips now. stil riding and stop trailing. Its in the direction of the main trade.

EU OPEN: In reply to MKK, The Wicker adviced that we demo-trade b4 starting with his system. I also paper-traded and discovered that the system works well in all markets. I don't know if The Wicker's statement on EU Open is cast in stone. Even if it is, it's not dangerous to see what happens with his system during pre- EU open. Not changing the rules, I'm just exploring and making money. Trading can b fun.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy1.gif Size: 64 KB
  • #1,282
  • Edited 3:07am Jan 22, 2008 2:50am | Edited 3:07am
Thanks for posting your charts Timex, they're helpful.

Thanks again to theWicker for the system, i never knew trading the forex could be so much fun.

Have a great day guys.
  • #1,283
  • Jan 22, 2008 6:21am Jan 22, 2008 6:21am
We are havin a nice time on paltalk. I employ u to check out the room. Traders are comparing charts, questioning entries, etc.

Attached to this post are a modified version of p.Murfin's EA and a laguerre RSI indicator.

The EA gives comment on your chart about d Trade directn of the rainbow. No sound, no email alert.

The laguerre gives sound alert and a message if there is 0.75 cross downwards and 0.15 cross upwards. The messge specifies the cross direction and the currency pair involved.

All there is 2 do is check if the laguerre signal is same with the TRADE comment from the EA, on the currency pair in question and pull d trigger. Wish u happy trading in the directn of the main trend.

Convince d trend 4 friendship.
Attached File(s)
File Type: mq4 rainbowEA.mq4   11 KB | 1,547 downloads
File Type: mq4 lagueree.mq4   7 KB | 1,214 downloads
  • #1,284
  • Edited 7:27am Jan 22, 2008 6:54am | Edited 7:27am
thanks Timex for posting the EA
  • #1,285
  • Jan 22, 2008 10:36am Jan 22, 2008 10:36am
Quoting timex83
EU OPEN: In reply to MKK, The Wicker adviced that we demo-trade b4 starting with his system. I also paper-traded and discovered that the system works well in all markets. I don't know if The Wicker's statement on EU Open is cast in stone. Even if it is, it's not dangerous to see what happens with his system during pre- EU open. Not changing the rules, I'm just exploring and making money. Trading can b fun.
I don't advise trading before EU open because of the chop-chop season. However an exception could be the JPY pairs/crosses (still don't recommend it though).
  • #1,286
  • Jan 22, 2008 11:17pm Jan 22, 2008 11:17pm
Hey Guys,

A quick question, I have the EA running and its taking snapshots... however, I've noticed alot of my snapshots are late. I attached one for an example.

Now as you see, the signal arrow came on 15:40, then entire 15:45 candle closed then at the opening of 15:50 it took the snapshot.

I was just wondering if the signals are 1 candle delayed like the snapshots or is the snapshot just lagging?
Attached Image (click to enlarge)
Click to Enlarge Name: TF 122 GBPJPY GO LONG @M5 TIME=15-50.gif Size: 29 KB
  • #1,287
  • Jan 23, 2008 3:21am Jan 23, 2008 3:21am
Thanks for the good advice Wicker. Cheers
  • #1,288
  • Jan 23, 2008 4:19am Jan 23, 2008 4:19am
Quoting navin44
Hey Guys,

A quick question, I have the EA running and its taking snapshots... however, I've noticed alot of my snapshots are late. I attached one for an example.

Now as you see, the signal arrow came on 15:40, then entire 15:45 candle closed then at the opening of 15:50 it took the snapshot.

I was just wondering if the signals are 1 candle delayed like the snapshots or is the snapshot just lagging?
the EA has few parameters for deciding whether the signal occur or not..

the arrow isnt the signal, but only one of the parameters..

here is all:
SignalTrend == LONG && LaguerreTrend == LONG && MACDTrend == LONG && GuppyTrend == LONG

SignalTrend refer to the arrow, i thought GuppyTrend wasnt LONG on your case..

long guppytrend needs all guppy's lines pointing up, and red below the green..
  • #1,289
  • Edited 8:49am Jan 23, 2008 7:26am | Edited 8:49am
A trade on cadjpy. My stop loss was challenged for -20 pips. I re-entered at 102.80 and took +40 pips. I guess I won. Wish u all d best. Stil going down at time of this post

Advice: Once I get laguerre alert on more than 1 pair, from d custom indicator I shared yesterday, I choose d pair that has a greater average daily range. E.g, at d time I took this trade, chfjpy also gave signal. I had 2 choose. I went for cadjpy because its average daily range is 224, whereas that of chfjpy is 163.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy1.gif Size: 19 KB
  • #1,290
  • Jan 23, 2008 8:42am Jan 23, 2008 8:42am
Quoting TheWicker
Hello,

thanks for the invitation to the chat room. Everything that is needed to learn the trend follower is posted in my thread, my website and the Trend follower FAQ. I have explained every detail of my system. I hope that all of you have realized it by this time that the system works. All you need is practice, practice, practice. A quick note that I need to mention is, on the forex factory thread avoid reading most of replies that are not posted by me. Why so you may ask? Because of the behavior of people who find a system. The first thing they think about is how to change it, improve the rules... there is no point in re-inventing the wheel. Nor is there any point in waisting time on discussion. Only actions move things, theories and discussion always remain what they are, theories. I have shared my knowledge, now its up to you to apply it. No-one else will do it for you.

I'm not seeking popularity, I don't need praise. I gave out my knowledge because information should be kept free and accessed by anyone, anytime, anywhere. Doesn't matter what title you have or where you come from.

Remember how it was when you got exactly what you needed in a particular moment of your life. How did it feel? Would you pass this feeling on?
All things serve a purpose. When that purpose is reached, you are obliged to drop that thing, share it to everyone who may benefit from it and move on.
Do you use any of the EA's listed on your thread by some of the contributors?
  • #1,291
  • Jan 23, 2008 4:53pm Jan 23, 2008 4:53pm
Hi guys,

Here's a modified indicator which you may find useful. I used thinner lines; also, I applied different colours to resistance, pivot and support lines so that you can see straight away which one is which. To simplify things further, I used different line patterns for the levels of resistance and support (dotted, dash-dot, and dashed for Levels 1, 2 and 3 accordingly).

Simply replace the original "Fibonacci Pivots" file - and get rid of "Pivot Points (multiframe)"

Enjoy!
Attached File(s)
File Type: mq4 Fibonacci Pivots.mq4   5 KB | 1,273 downloads
File Type: ex4 Fibonacci Pivots.ex4   6 KB | 1,015 downloads
One Chart is Worth Ten Thousand Words.
  • #1,292
  • Jan 23, 2008 8:27pm Jan 23, 2008 8:27pm
Hey Guys,

I need a little assistance here. When I started using Trend Follower without the EA I noticed I'd get a alert at the closing of the candle with the arrow (when all conditions met).

Now I'm using the EA (pmurfin or snapshot... tried both) and I get the alert at the opening of 2 candles past the arrow candle (when all conditions met).

I checked with a few people and they said they do not get any delays in the alerts like me so I wonder if anyone else is getting the same error and how I can go about to fix it.

Thanks !

- n
  • #1,293
  • Jan 23, 2008 11:49pm Jan 23, 2008 11:49pm
Hi Wicker,

I read again the rules after using this sytem for 6 month now and I have a question about stops.

Your guidelines about stops for longs:

STOP LOSS: 5 points (+spread!) below recent LOW
ALTERNATE STOP LOSS: 20 points on default pairs and 25 point on more volatile pairs such as the GBP pairs and crosses. Choose whatever SL method fits you best

Now my question is:

What to do when you have the "perfect" setup on let's say the GBP/USD but you need a 60 pip stop loss because "5 points (+spread!) below recent LOW
"?
Do you still take the trade or forget about it because the stop is too big?
Your toughts please.

Thanks,
Wiper
  • #1,294
  • Jan 24, 2008 5:30am Jan 24, 2008 5:30am
We took a nice trade today together in our paltalk room on the EURUSD...
We got a signal to go long, guppy seemed nicely contracted enough, so we took the trade, and it turned out to be quite nice

I entered after the signal candle, 30pip s/l with a 30pip take profit, ideally, since the price looked it it was away from the pivot headed up, resistance level 1 would have been the right take profit target, could have gained another 10+ pips atleast if i had held on. Well im still learning though. Heres my signal on the 5minute EURUSD chart with the signal...
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_long.gif Size: 14 KB
  • #1,295
  • Edited 5:55am Jan 24, 2008 5:40am | Edited 5:55am
We are having a nice time in the paltalk room. Wilteredfire called our attention to eurusd. I quickly pulled the trigger, I aimed for 40 pips and it was mine. Great to put heads 2gether. Check out d room for more.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy1.gif Size: 16 KB
  • #1,296
  • Jan 24, 2008 6:03am Jan 24, 2008 6:03am
I saw that eur/usd signal but didn't take it as I thought the system didn't do breakouts.

Just wondering what Mr Wicker thinks?
  • #1,297
  • Jan 24, 2008 6:32am Jan 24, 2008 6:32am
Would like some help with indicator or Ea.
I installed the trend follower with Snapshot Ea and it was working beautifully last week. This week it is not sending messages or taking snapshots. I am running it on many pairs and I have left my computer on all day.

Thanks
Jeremy
  • #1,298
  • Jan 24, 2008 12:41pm Jan 24, 2008 12:41pm
Quoting wiper
Hi Wicker,

I read again the rules after using this sytem for 6 month now and I have a question about stops.

Your guidelines about stops for longs:

STOP LOSS: 5 points (+spread!) below recent LOW
ALTERNATE STOP LOSS: 20 points on default pairs and 25 point on more volatile pairs such as the GBP pairs and crosses. Choose whatever SL method fits you best

Now my question is:

What to do when you have the "perfect" setup on let's say the GBP/USD but you need a 60 pip stop loss because "5 points (+spread!) below recent LOW
"?
Do you still take the trade or forget about it because the stop is too big?
Your toughts please.

Thanks,
Wiper
If that is the case, then we should take the alternate stop! That's why we have it.
  • #1,299
  • Jan 24, 2008 12:44pm Jan 24, 2008 12:44pm
Quoting jer966
Do you use any of the EA's listed on your thread by some of the contributors?
I will never use an EA, I have explained the reason why numerous times here on my thread.

However that improved signal is a great addon to this system and it would be beneficial if you use it.
  • #1,300
  • Jan 24, 2008 1:01pm Jan 24, 2008 1:01pm
Quoting TheWicker
If that is the case, then we should take the alternate stop! That's why we have it.
Ok, thanks but I personally think 25 pips is a bit small for the GBPUSD
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