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Trend Follower 5 Minute System

  • #1,341
  • Jan 30, 2008 7:35am Jan 30, 2008 7:35am
Quoting timex83
A nice long entry on cadjpy. Took out 40 pips. Entered the trade and left 2 watch a movie. Came back and saw a reward, reward 4 patience and obedience. That's what u need 2 trade this system. NFP week, B cautious.
What is NFP week and what should we be looking out for?

Thanks
  • #1,342
  • Jan 30, 2008 7:53am Jan 30, 2008 7:53am
First of all, I'd like to thank TheWicker for what looks like a great system !

I have a question re. the Laguerre input settings. When going through the whole thread, I came across this remark by JimDandy:

http://www.forexfactory.com/showpost...&postcount=198

"I checked the imput settings on the Lageurre, .66 and 9500. I checked on the computer with the bad signal. It was set on .7 and 950. I changed it to .66 and it drew a perfect Signal also. Ive never looked at the settings before now."

.7/950 are the standard settings.

What are the correct settings ?
.7/950 ?
.66/950 ?
.66/9500 ?
something else ?

Thanks in advance for looking into this !
It takes courage to grow up and become who you really are - E.E. Cummings
  • #1,343
  • Jan 30, 2008 7:58am Jan 30, 2008 7:58am
"I absolutely agree with you, MM is VERY important. How many % of your account do you risk on a single trade?
Thanx
Piksy"

Quoting timex83
On Money management, there are many ebooks to solve that for u. Finally it's a personal decision u may want 2(%) make. It becomes an instinctive pschological decision, distinct 4(%) every1(%).

I'm sorry i couldn't resist lol
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,344
  • Jan 30, 2008 8:11am Jan 30, 2008 8:11am
Quoting PippyTheGrt
First of all, I'd like to thank TheWicker for what looks like a great system !

I have a question re. the Laguerre input settings. When going through the whole thread, I came across this remark by JimDandy:

http://www.forexfactory.com/showpost...&postcount=198

"I checked the imput settings on the Lageurre, .66 and 9500. I checked on the computer with the bad signal. It was set on .7 and 950. I changed it to .66 and it drew a perfect Signal also. Ive never looked at the settings before now."

.7/950 are the standard settings.

What are the correct settings ?
.7/950 ?
.66/950 ?
.66/9500 ?
something else ?

Thanks in advance for looking into this !
On page 1, you can go to the Wicker's blog for the original laguerre indicator.
To avoid the rigors involved in downloading the custom indicators there, post #15 on page 1 gives u direct access. The laguerre indicator has 0.7/950 as the setting. This is even the standard setting I've seen elsewhere.

The following is a section of the code


#property copyright "Emerald King"
#property link "mailto:[email protected]"
#property indicator_separate_window
#property indicator_color1 Magenta
#property indicator_level2 0.75
#property indicator_level3 0.45
#property indicator_level4 0.15
//---- input parameters
extern double gamma=0.7;
extern int CountBars=950;


Hope this helps
Attached File(s)
File Type: mq4 Laguerre.mq4   3 KB | 723 downloads
  • #1,345
  • Jan 30, 2008 8:12am Jan 30, 2008 8:12am
Quoting Pipinaintez
What is NFP week and what should we be looking out for?

Thanks
 NFP - Changes in non-farm payrolls Department of Labor; The first Friday of each month, 8:30am EST, covers previous month data
The data intended to represent changes in the total number of paid U.S. workers of any business, excluding the following:
- general government employees;
- private household employees;
- employees of nonprofit organizations that provide assistance to individuals;
- farm employees.
The total non-farm payroll accounts for approximately 80% of the workers who produce the entire gross domestic product of the United States and is used to assist government policy makers and economists determine the current state of the economy and predict future levels of economic activity. It is a very big market mover mainly due to the high deviations in the forecasting.
"One Grows Tall After Walking Through A Forest Of Tall Trees."
  • #1,346
  • Jan 30, 2008 8:19am Jan 30, 2008 8:19am
Quoting effilang
NFP - Changes in non-farm payrolls Department of Labor; The first Friday of each month, 8:30am EST, covers previous month data
The data intended to represent changes in the total number of paid U.S. workers of any business, excluding the following:
- general government employees;
- private household employees;
- employees of nonprofit organizations that provide assistance to individuals;
- farm employees.
The total non-farm payroll accounts for approximately 80% of the workers who produce the entire gross domestic product of the United States and is used to assist government policy makers and economists determine the current state of the economy and predict future levels of economic activity. It is a very big market mover mainly due to the high deviations in the forecasting.
Cheers
  • #1,347
  • Jan 30, 2008 8:44am Jan 30, 2008 8:44am
Thanks timex for the great information, its helped me also alot.

I think I need a re-read of this thread to refresh myself with things though. Yeh, and its a great idea to confirm the trend on a higher timeframe just to be on the safe side.

The trend is you're friend lol.

Thanks timex. Nice one
  • #1,348
  • Jan 30, 2008 8:46am Jan 30, 2008 8:46am
Timex,

thanks for the indicators

Quoting timex83
Piksy, u asked for the following attachments. Hope it helps
  • #1,349
  • Jan 30, 2008 8:55am Jan 30, 2008 8:55am
Quoting timex83
On page 1, you can go to the Wicker's blog for the original laguerre indicator.
To avoid the rigors involved in downloading the custom indicators there, post #15 on page 1 gives u direct access. The laguerre indicator has 0.7/950 as the setting. This is even the standard setting I've seen elsewhere.

Hope this helps
It does, thanks.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #1,350
  • Jan 31, 2008 1:58am Jan 31, 2008 1:58am
Just download the template and indicators HERE FROM THIS ORIGINAL BLOG and you will have the laguerre indicator, with correct settings. There are many modifications spread around the internet about this system or the indicator itself. You can avoid this easily by downloading it here.

What matters are the gamma settings. Those are set to 0.66! The standard laguerre is set to 0.7, but those 0.4 points can make a difference many times!
  • #1,351
  • Jan 31, 2008 2:35pm Jan 31, 2008 2:35pm
Wicker,

Now I'm completely confused. Could you tell me which is the correct Gamma setting for this system: 0.7 or 0.66?

Thanks

Quoting TheWicker
Just download the template and indicators HERE FROM THIS ORIGINAL BLOG and you will have the laguerre indicator, with correct settings. There are many modifications spread around the internet about this system or the indicator itself. You can avoid this easily by downloading it here.

What matters are the gamma settings. Those are set to 0.66! The standard laguerre is set to 0.7, but those 0.4 points can make a difference many times!
  • #1,352
  • Jan 31, 2008 4:22pm Jan 31, 2008 4:22pm
what am i doing wrong? i have set up everything as meant to be, and Laguerre at 0.66 as per Wicker and ave been watching just eurusd to get a feel, I havent seen a single valid signal in days, which is great when choppy but here is my Pic from Jan 28th where we saw a great trending day and yet Laguerre never went below .15 so i didnt get a long signal....is this correct, if so when was last signal on Euro?
Attached Image (click to enlarge)
Click to Enlarge Name: wicker.jpg Size: 304 KB
  • #1,353
  • Jan 31, 2008 4:32pm Jan 31, 2008 4:32pm
@Topgun

Can you state what it was you downloaded and put into MT ?
It takes courage to grow up and become who you really are - E.E. Cummings
  • #1,354
  • Jan 31, 2008 4:42pm Jan 31, 2008 4:42pm
Quoting piksy
Wicker,

Now I'm completely confused. Could you tell me which is the correct Gamma setting for this system: 0.7 or 0.66?

Thanks
0.66

0.7 is the standard setting (Mt4)

count bars not so important, I've got it at 95000; standard setting is 950


Confusion is over.

Make sure that you change both Laguerre settings in case you use the Basic template from post #1168

Hope that helps.
It takes courage to grow up and become who you really are - E.E. Cummings
  • #1,355
  • Jan 31, 2008 11:31pm Jan 31, 2008 11:31pm
Quoting Topgun
what am i doing wrong? i have set up everything as meant to be, and Laguerre at 0.66 as per Wicker and ave been watching just eurusd to get a feel, I havent seen a single valid signal in days, which is great when choppy but here is my Pic from Jan 28th where we saw a great trending day and yet Laguerre never went below .15 so i didnt get a long signal....is this correct, if so when was last signal on Euro?
Do you have the ea enebled. That's the one that will give you signals!
  • #1,356
  • Feb 1, 2008 12:30am Feb 1, 2008 12:30am
Thank you

Quoting PippyTheGrt
0.66

0.7 is the standard setting (Mt4)

count bars not so important, I've got it at 95000; standard setting is 950


Confusion is over.

Make sure that you change both Laguerre settings in case you use the Basic template from post #1168

Hope that helps.
  • #1,357
  • Edited 4:14am Feb 1, 2008 3:46am | Edited 4:14am
Quoting PippyTheGrt
0.66

0.7 is the standard setting (Mt4)

count bars not so important, I've got it at 95000; standard setting is 950


Confusion is over.
I don't undestand what u meant above. 0.66 is not d setting. The setting is 0.7. I took the liberty of going through d rigors involved in downloading the custom indicator from The Wicker's blog. I downloaded from d link- rapid share using congent 2. The setting there is 0.7/ 950. Below is the code for the laguerre indicator.

Topgun, change your settings. gamma = 0.7, countbars = 950.

//+------------------------------------------------------------------+
//| Laguerre.mq4 |
//| Emerald King |
//| [b]mailto:[email protected][/b] |
//+------------------------------------------------------------------+
#property copyright "Emerald King"
#property link "[b]mailto:[email protected][/b]"
#property indicator_separate_window
#property indicator_color1 Magenta
#property indicator_level2 0.75
#property indicator_level3 0.45
#property indicator_level4 0.15
//---- input parameters
extern double gamma=0.7;
extern int CountBars=950;
double L0 = 0;
double L1 = 0;
double L2 = 0;
double L3 = 0;
double L0A = 0;
double L1A = 0;
double L2A = 0;
double L3A = 0;
double LRSI = 0;
double CU = 0;
double CD = 0;
double val1[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+

int init()
{
//---- indicators
//----
SetIndexBuffer(0,val1);
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//---- TODO: add your code here

//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
if (CountBars>Bars) CountBars=Bars;
SetIndexDrawBegin(0,Bars-CountBars);

int i;
int counted_bars=IndicatorCounted();
//if(CountBars<=Lookback) return(0);
//---- initial zero
//if(counted_bars<1)
//{
// for(i=1;i<=Lookback;i++) val1[CountBars-i]=0.0;
//}
i=CountBars-1;
while(i>=0)
{
L0A = L0;
L1A = L1;
L2A = L2;
L3A = L3;
L0 = (1 - gamma)*Close[i] + gamma*L0A;
L1 = - gamma *L0 + L0A + gamma *L1A;
L2 = - gamma *L1 + L1A + gamma *L2A;
L3 = - gamma *L2 + L2A + gamma *L3A;
CU = 0;
CD = 0;

if (L0 >= L1) CU = L0 - L1; else CD = L1 - L0;
if (L1 >= L2) CU = CU + L1 - L2; else CD = CD + L2 - L1;
if (L2 >= L3) CU = CU + L2 - L3; else CD = CD + L3 - L2;
if (CU + CD != 0) LRSI = CU / (CU + CD);
val1[i] = LRSI;
i--;
}
return(0);
}
//+------------------------------------------------------------------+

This is what The Wicker posted, unless he has changed his rules. I remember he said his rules have not changed. Anyway, if 0.66 serves u well, go on with it. It's just that the original rule serves me better.
  • #1,358
  • Feb 1, 2008 4:14am Feb 1, 2008 4:14am
I think you wrong....please read post 1350 from Wicker himself where he says............

Just download the template and indicators HERE FROM THIS ORIGINAL BLOG and you will have the laguerre indicator, with correct settings. There are many modifications spread around the internet about this system or the indicator itself. You can avoid this easily by downloading it here.

What matters are the gamma settings. Those are set to 0.66! The standard laguerre is set to 0.7, but those 0.4 points can make a difference many times!
  • #1,359
  • Feb 1, 2008 5:00am Feb 1, 2008 5:00am
@TheWicker

I have actually checked the laguerre.mq4 file of the original files, as one can download from this blog. It states that Gamma = 0.7 and Countbars = 950.

In your recent replies, also on your blog, you clearly state that it should be 0.66.

We now have TWO original values, meaning originating from one source, and that is you.

What is the correct value? We have several people waiting anxiously for the answer..
It takes courage to grow up and become who you really are - E.E. Cummings
  • #1,360
  • Feb 1, 2008 5:16am Feb 1, 2008 5:16am
Yeh it has been a little confusing...

Well, downloaded the original laguerre from the blog, put it into my charts, and settings are 0.7 and 950 it appears.
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