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Trend Follower 5 Minute System

  • #1,361
  • Feb 1, 2008 5:17am Feb 1, 2008 5:17am
He has replied !!! post 1350
"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!"
he cant be much clearer

http://www.forexfactory.com/images/misc/progress.gif

  • #1,362
  • Feb 1, 2008 7:06am Feb 1, 2008 7:06am
The 0.66 rule is set from the beginning, this was never changed. I now see where the confusion lies...If you don't apply the template the Laguerre indicator shows the default 0.7 value, but if you apply it, the value changes to original 0.66. This was never changed.

I forgot to change the value in the indicator itself, when zipping up the archives, I'll do it right now and re-upload it on my blog.

All of you who don't have my template applied, or are using the 0.7 default setting, should set the value to the proper 0.66. Now to make things clear, even if you used the 0.7 value, the signals were not so different, but it could make a difference many times. The 0.66 value refines the signal.
  • #1,363
  • Feb 1, 2008 8:26am Feb 1, 2008 8:26am
Thank you, TheWicker, I understand that the template refines the standard settings. No more confusion. Regards.
  • #1,364
  • Feb 1, 2008 9:19am Feb 1, 2008 9:19am
Right then. 0.66 it shall be !

Thanks very much, TheWicker !
It takes courage to grow up and become who you really are - E.E. Cummings
  • #1,365
  • Feb 4, 2008 3:22am Feb 4, 2008 3:22am
thanks Wicker for clearing that up. Cheers
  • #1,366
  • Edited 5:42pm Feb 5, 2008 5:14pm | Edited 5:42pm
Quote
The other indicators on my 1-hr chart tells me the SPREAD, The number of Pips to the open price for the day (present price - open price; a negative value shows the current price is below the open price and vice-versa). It also indicates the high to low (priceHIGH - priceLOW; i.e range for that day). lastly, the Average daily range {sum of N(daily averages)/ N}

Actually, I found the explanation of this indicator as well as its latest version.

Enjoy, everybody.
Attached File(s)
File Type: pdf SignalBars v7 explained.pdf   192 KB | 8,392 downloads
File Type: zip #Signal_Bars_v7.zip   74 KB | 1,348 downloads
One Chart is Worth Ten Thousand Words.
  • #1,367
  • Feb 8, 2008 8:22am Feb 8, 2008 8:22am
Quoting TheWicker
I have been a forex trader since more years. From time to time I still trade, but my trading times have increasingly droped since I feel its more and more boring waiting for the market to give you a proper signal all day. The main reason why I am writting this article is because I do not like to sit behind my desk all day. So I have deiceided to give it to all of you who want to benefit from it. Price for my system was three hundred dollars, but due the relativity of success in the forex market I now have deiceided to give away my system information for free. Winning the forex market depends 70% on the trader, the other 30% is the system, so I think it was not fair selling my system even if it has a high probability rate. If you win or lose depends a lot on your personality and feelings so one might lose even if he has the best system in the world. The system was designed during carefull analysis of the market in the time of more than six months. It does not need any improving, nor changing. It is fully optimized for trading, so do not attempt to change any indicators or settings! Trade it as it is, demo trade it for at least two months to get a proper feeling of all the indicators and the system altogether. Last but not least, I am not responsible for any financial loss or benefit this information will bring you. You as a trader cary full responsibility for what happens with your money!

Timeframe: 5 minutes
Trading time: From EU open untill US close
Recommended Forex Pairs: USD/JPY, USD/CHF, GBP/USD, EUR/USD, USD/CAD, AUD/USD, EUR/JPY and Gold

As I simply do not have the time to write here again the procedure and whole description with screenshots, you will have to go the make money with forex thread and read the whole manual. If you have questions you can post them here at the forum or at my blog. I will try to answer them best to my knowledge.

Best Of Luck,
Urban.

Edit 11/13/07
can someone please tell me where are the indicator for this system i downloaded the system and add it mt4 but i only see the macd indicator i dont see the others like a) Signal Arrows

c) Volatility Channel
d) Laguerre
e) Slope Direction line
f) Pivot Points
g) Guppy Multiple Moving Averages (GMMA)
can someone please tell me where to find these indicators or what am i doing wrong
  • #1,368
  • Feb 8, 2008 3:02pm Feb 8, 2008 3:02pm
Hi prennie0,

Try to download TrendFollower.zip package (msg #15 on page 1) and uncompress. Copy all of the indicators to the experts/indicators directory in mt4 and copy the Trend Follower tpl file to the /templates directory. After you open the porgram, launch the template; it will refine your indicator settings. The Laguerre gamma will change from 0.7 to the correct setting of 0.66. Good luck!
  • #1,369
  • Edited 9:00am Feb 9, 2008 8:39am | Edited 9:00am
thank wicker how much pips is this design for you to caputure per trade
  • #1,370
  • Feb 9, 2008 8:58am Feb 9, 2008 8:58am
thank you very much man i was trying this one demo and its pretty accurate it helps alot hey thank you jason for sharing this if i got uour name correct
  • #1,371
  • Feb 11, 2008 2:59am Feb 11, 2008 2:59am
Thank you. i have dowloaded and it works fine!!!
  • #1,372
  • Feb 11, 2008 3:04am Feb 11, 2008 3:04am
Where are you.
Noboddy want to speak on tne chat?
See you

Pierre
  • #1,373
  • Feb 11, 2008 3:12am Feb 11, 2008 3:12am
Noboddy today?
  • #1,374
  • Feb 11, 2008 3:36am Feb 11, 2008 3:36am
Hey Pierre,

I opened the room a while ago, i sent you an invite

More people will join us shortly as its just morning. Hope you're alrite. long time since i heard from you!

See you there.
  • #1,375
  • Feb 11, 2008 1:14pm Feb 11, 2008 1:14pm
Hello all, and thanks for an excellent thread!

I' just checking to see if there were any trades today?
I have the trend follower installed and didn't get a trade signal all day on about 20 currency pairs?
Silver was a good example at 1850GMT. All the signals lined up but the trend follower still said Trade: FLAT??

Did I miss soemthing or do I have the wrong settings?
I have MACD at 5,35,5
Laguerre at 0.66
Pivots etc are set as are the arrows?
Any sightings of P Murfin and his new EA yet? I can only guess he's tested it and it's so good he's keeping it to himself?!!!

Thanks
Grim
Trade less and become more profitable!
  • #1,376
  • Feb 11, 2008 3:01pm Feb 11, 2008 3:01pm
Quoting Grimweasel
Hello all, and thanks for an excellent thread!

I' just checking to see if there were any trades today?
I have the trend follower installed and didn't get a trade signal all day on about 20 currency pairs?
Silver was a good example at 1850GMT. All the signals lined up but the trend follower still said Trade: FLAT??

Did I miss soemthing or do I have the wrong settings?
I have MACD at 5,35,5
Laguerre at 0.66
Pivots etc are set as are the arrows?
Any sightings of P Murfin and his new EA yet? I can only guess he's tested it and it's so good he's keeping it to himself?!!!

Thanks
Grim
There were a few signals but I personally didn't trade them based on my own personal judgment. I take only very clean and high profitable trades and don't like to see any S/R levels near the signal.
  • #1,377
  • Feb 11, 2008 3:51pm Feb 11, 2008 3:51pm
Who don t go to this trade at 14h35 on EUR/JPY?
Laguerre cross 0.75
MACD - 0.003

Certainly, JPY some don t like it ?

[IMG]file:///C:/Documents%20and%20Settings/OEM/Bureau/Pas%20de%20nom.jpg[/IMG]
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  • #1,378
  • Feb 11, 2008 4:56pm Feb 11, 2008 4:56pm
I have a question. Let me discribe a long trade. 1. We have received the Long Signal 2. Green are above red 3. Macd is above the zero Line. 4. Laguerre is at the High 0.98 and flat.
Do I have to take this trade or not? (Due to Laguerre)
regards
  • #1,379
  • Feb 11, 2008 10:36pm Feb 11, 2008 10:36pm
Quoting andreasspe
I have a question. Let me discribe a long trade. 1. We have received the Long Signal 2. Green are above red 3. Macd is above the zero Line. 4. Laguerre is at the High 0.98 and flat.
Do I have to take this trade or not? (Due to Laguerre)
regards
Should not have taken this trade right? Cos for long trade, Laguerre should be at 0.15, coming up from bottom. Can the rest comment too, cos I'm new to this system and also learning to use it.

Thanks
  • #1,380
  • Feb 12, 2008 3:31am Feb 12, 2008 3:31am
Look at this page http://xux99.bravehost.com/easy.htm
The same method but a bit modified by Dean Malone
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