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Trend Follower 5 Minute System

  • #1,381
  • Feb 12, 2008 3:49am Feb 12, 2008 3:49am
Quoting pierre102
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]Attachment
If you look at GMMA's then you see that they are not arranged correctly.
  • #1,382
  • Feb 12, 2008 3:51am Feb 12, 2008 3:51am
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
No trade because laguerre should be crossing 0.15 from bottom to upside.
  • #1,383
  • Feb 12, 2008 4:07am Feb 12, 2008 4:07am
Hello all,
I just finished reading all the 93 pages of the thread. First of all, thanks to The Wicker and everyone contributing to this system.

I understand what the slope is used for (exits only), but can anyone tell me what exactly the slope shows, technically I mean. I didn't find an answer to this in the previous posts.

Thanks for your answer...

Middleastern
  • #1,384
  • Feb 12, 2008 4:18am Feb 12, 2008 4:18am
I've been offline for about 1 wk now. Just had a nice gift from the rainbow. Took a long entry on audjpy in d direction of the 1-hr trend.

Entry @ 96.82; stop loss @ 96.52 ; take profit @ 97.27.

My take profit got hit for 45 pips. Wish u all happy trading.

WilteredFire, I'm having problem with my firewall settings, can't log into paltalk. Once I get that fixed, i wil come in and hav a wonderful time with u all. Missing every1 of u.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy3.gif Size: 19 KB
  • #1,385
  • Feb 12, 2008 4:32am Feb 12, 2008 4:32am
How do I add an SMA to the RSI indicator on MT 4 please?
I have dragged it into the RSI window, but it then opens in the price window; what am I doing wrong please?
Thnaks in advance,
Grim
Trade less and become more profitable!
  • #1,386
  • Feb 12, 2008 8:54am Feb 12, 2008 8:54am
Quoting MKK
If you look at GMMA's then you see that they are not arranged correctly.
I think pierre102 posted a correct chart that gave profitable yields. I don't know what u meant by the GMMA not being arranged correctly. This is exactly where Expert advisors are important, not 2 automate trade but 2 give u d direction or 'arrangement' of d GMMA. Sometimes, we may not c d rainbow correctly, but the EA can SEE.

Since trading has a lot of shades, it wil b nice 2 hav a guide. The modified P.Murfin EA has a been a source of insight 2 me, so that I don't pull d trigger until I read d comment on my chart: TRADE : LONG or TRADE: SHORT, no matter how I c the GMMA. Why, because this EA cannot b wrong. Look closely.

Remember, after the EA's comment, put your trigger on hold until u c MACD and laguerre cross as explained by d law giver.
  • #1,387
  • Feb 12, 2008 9:17am Feb 12, 2008 9:17am
Quoting Middleastern
Hello all,
I just finished reading all the 93 pages of the thread. First of all, thanks to The Wicker and everyone contributing to this system.

I understand what the slope is used for (exits only), but can anyone tell me what exactly the slope shows, technically I mean. I didn't find an answer to this in the previous posts.

Thanks for your answer...

Middleastern
.
In my opinion, slope shows d slope (DIRECTION- UP or DOWN). Personally, I only see it that way. The rules says it can b used 4 exit. I use this system for entry only. I like how 70% accurate d entries are. When it comes 2 exit, I place fixed 'Take profits' levels, sometimes I move my stop loss, trailing my profits and can move my 'Take profit' levels, depending on d momentum I c.

Also, once I'm 20 pips in profit, I move my stop loss 2 break-even. I don't want 2 lose in a trade that has gone this far.

Exiting trades at slope line cross can make u 10 or 30 pips shy of fixed "Take profit' levels. If u look at d chart above, I would hav lost 10 pips if I waited for a slope line cross.

For newbies, Paper- trade historically and demo- trade, u wil understand, instinctively, how far each currency pair wil move so as to place exit levels. It bcomes part of u. Follow d rule of 20-pip exit until forex becomes part of u.
  • #1,388
  • Feb 12, 2008 9:59am Feb 12, 2008 9:59am
Quoting timex83
In my opinion, slope shows d slope (DIRECTION- UP or DOWN). Personally, I only see it that way. The rules says it can b used 4 exit. I use this system for entry only. I like how 70% accurate d entries are. When it comes 2 exit, I place fixed 'Take profits' levels, sometimes I move my stop loss, trailing my profits and can move my 'Take profit' levels, depending on d momentum I c.

Also, once I'm 20 pips in profit, I move my stop loss 2 break-even. I don't want 2 lose in a trade that has gone this far.

Exiting trades at slope line cross can make u 10 or 30 pips shy of fixed "Take profit' levels. If u look at d chart above, I would hav lost 10 pips if I waited for a slope line cross.

For newbies, Paper- trade historically and demo- trade, u wil understand, instinctively, how far each currency pair wil move so as to place exit levels. It bcomes part of u. Follow d rule of 20-pip exit until forex becomes part of u.
I understand what you say. The slope, as any other indicator, gives us information based on a number of previous data, or bars/candles. Just wanted to know how many bars it takes into account to be red/green (negative or positive slope), and the slope of which graph it is (maybe the price's line graph's slope?).

Thanks for the answer anyway, Timex83. If you or anybody else could enlighten me a little more on this matter, I'll be grateful.

Middleastern
  • #1,389
  • Feb 12, 2008 10:12am Feb 12, 2008 10:12am
Hello all,
Well, these are my first two trades following Wicker's system. The first one was a beautiful GBP/USD setting (all guppys heading north and stacked, and the other indicators following the rules). I used a trailing stop = 20 as exit, what rendered 70 pips in about 2 hours. Should the TS be 25, I would still be riding the wave right now with an unrealized p/l of 90 pips.
The other one was not so nice. Also set with a TS=20, what ended up in a -3 pips after over 2 hours.
Here are the charts, for anyone interested.

Regards

Middleastern
Attached Images
  • #1,390
  • Feb 12, 2008 11:27am Feb 12, 2008 11:27am
Quoting timex83
I think pierre102 posted a correct chart that gave profitable yields. I don't know what u meant by the GMMA not being arranged correctly. This is exactly where Expert advisors are important, not 2 automate trade but 2 give u d direction or 'arrangement' of d GMMA. Sometimes, we may not c d rainbow correctly, but the EA can SEE.

Since trading has a lot of shades, it wil b nice 2 hav a guide. The modified P.Murfin EA has a been a source of insight 2 me, so that I don't pull d trigger until I read d comment on my chart: TRADE : LONG or TRADE: SHORT, no matter how I c the GMMA. Why, because this EA cannot b wrong. Look closely.

Remember, after the EA's comment, put your trigger on hold until u c MACD and laguerre cross as explained by d law giver.
I think you may be right. It's sometimes difficult to see how the GMMA's are at the moment so this is where EA comes in.

I too personally wait for the EA to signal a trade and then take it manually if I think it will be a profitable one.

One question for you timex83 though: What are the currency pairs you are trading. I trade 6 pairs but thinking about adding some more to get more trades.
In average I get about 15 trades per month which is OK but would like to see your opinion about pairs worth trading. Also how many trades you take per month?

Thank you
  • #1,391
  • Feb 12, 2008 12:57pm Feb 12, 2008 12:57pm
Quoting MKK
I think you may be right. It's sometimes difficult to see how the GMMA's are at the moment so this is where EA comes in.

I too personally wait for the EA to signal a trade and then take it manually if I think it will be a profitable one.

One question for you timex83 though: What are the currency pairs you are trading. I trade 6 pairs but thinking about adding some more to get more trades.
In average I get about 15 trades per month which is OK but would like to see your opinion about pairs worth trading. Also how many trades you take per month?

Thank you
I hav d following Currency pairs opened which I scan 4 signal: GBPUSD, EURUSD, AUDJPY, EURJPY, CADJPY, USDJPY, USDCAD, USDCHF, EURCHF,CHFJPY, GBPJPY. I'm currently observing NZDUSD and AUDUSD.

I take trade almost everyday if I get d setup I want. I ignore some trades that turn great, if I they don't go in d direction of an established trend in 1 hr time frame.
  • #1,392
  • Feb 13, 2008 1:40am Feb 13, 2008 1:40am
What's the percentage wining ratio?
If we are near a pivot point should we wait to break and retrace then enter?
Should we exit exit on pivot point after enter a trade or on a s/r level or a limit tp like (20~40~60)?

But most important what's the percentege wining ration? 50% 60% 70% 80% ?
The sl we put above the last wave? or predefinitve one 20~30 pips?

On what pairs work best? with much volatile work?
On what time should we take the trade? before news and during and after 30 min NO trade? London sesion New york? wich are the best?


thx 4 the systems

thx in advance 4 the answer!
  • #1,393
  • Feb 13, 2008 9:21am Feb 13, 2008 9:21am
Quoting Grimweasel
How do I add an SMA to the RSI indicator on MT 4 please?
I have dragged it into the RSI window, but it then opens in the price window; what am I doing wrong please?
Thnaks in advance,
Grim
Hi
I think I can help.
1. First plot the RSI It is easy. Insert<Indicators, RSI
2.Click the Navigator(It is the fifth icon)
3.Drag and Drop The Moving Average to RSI
4 You will see an open window with the Parameters of the RSI.
5. Go to Apply to and instead of close click at the arrow and you will see a list. Click at the First Indicator's Data. It is the last one
thats all
good trading
andreasspe
  • #1,394
  • Feb 13, 2008 12:35pm Feb 13, 2008 12:35pm
Quoting timex83
I've been offline for about 1 wk now. Just had a nice gift from the rainbow.
I knew there had to be a pot of gold at end of the rainbow.
  • #1,395
  • Edited 11:00pm Feb 13, 2008 10:59pm | Edited 11:00pm
Dear The Wicker,

I like your system but I especially love the Custom Indicator: EMA Crosover Signal by jnrtrading. Has anyone thought about making an EA out of this?

I like the way it enters trades on the next bar and never "repaints" (though does remove the occaisional in-consecutive-bars signal.) Maybe a stoploss would be good for an EA, but really, if trade is reversed at the arrows it acts as its own stop loss. Possibly best to have it on the server though.

Best,

B. Hain
  • #1,396
  • Feb 15, 2008 3:12am Feb 15, 2008 3:12am
A gbpusd long signal just before london opens. Seem to get some great setups pre london open...

Timex, we all miss u 2 too man! We hope you're internet/firewall will be sorted out soon. Hope you've been well. My part time job's finished now so I've been spending alot more time on this system all day mostly every trading day of the week. Feels great to have more spare time now!

Take care, will speak to you soon! Nice trade you had on the AudJpy, beautiful. (as usual)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_long.gif Size: 22 KB
  • #1,397
  • Feb 15, 2008 4:20pm Feb 15, 2008 4:20pm
audusd long signal today....
Attached Image (click to enlarge)
Click to Enlarge Name: audusd_long.gif Size: 20 KB
  • #1,398
  • Feb 15, 2008 4:33pm Feb 15, 2008 4:33pm
I took a short trade at the vertical line and was hit by SL. I would like to find out whether my trade is a valid or not? If not, why? Thanks

http://i8.photobucket.com/albums/a36...ia/UJTrade.jpg
  • #1,399
  • Feb 15, 2008 11:21pm Feb 15, 2008 11:21pm
Dear, Urban

I find this system several day ago, and immeidately like it, but I have not log on your blog by now, although I have tried more than 100 times.
Can you let me know where else I can get the manual?
I really want to know clearly about the system that I like best.
Thanks very much.

Joe
  • #1,400
  • Edited 12:48am Feb 16, 2008 12:38am | Edited 12:48am
Quoting WilteredFire
audusd long signal today....
Wilteredfire, great trades u posted, all in d direction of d 1-hr trend. Never took a trade on audusd b4. Nice pre - EU open trade. It's great to find more currency pairs responding to our system, and d barrier of market hr being broken. Only adventurers can discover more gold at d end of d rainbow, not sterotyped or by- d book followers. Wishing u all beautiful trades nxt wk.
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