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Trend Follower 5 Minute System

  • #1,461
  • Mar 19, 2008 5:17am Mar 19, 2008 5:17am
Quoting tadinda
I am fairly new to this thread and have posted some suggestions of how we can bring this thread back fully active.

Can you post as an attachment the DMI Indicator to be sure we have the correct one.

Ta Dinda
Ta Dinda,

I use the standard Directional Movement Indicator on an 8 period.

For some reason I could not attach it from metatrader.

Can you also explain to me how I attach charts.

Alastair
  • #1,462
  • Mar 19, 2008 5:32am Mar 19, 2008 5:32am
Quoting ACartwright
Ta Dinda,

I use the standard Directional Movement Indicator on an 8 period.

For some reason I could not attach it from metatrader.

Can you also explain to me how I attach charts.

Alastair
Hello Alistair,

The DMI you are talking about is it the Average Directional Movement Index found in the Indicators of MetaTrader?

To attach a copy of a chart first you need to take a snapshot of it. YOu can do this in MT4 by using File - Save As Picture and save it to somewhere on your computer.

regards
Tadinda
  • #1,463
  • Mar 19, 2008 5:33am Mar 19, 2008 5:33am
Quoting tadinda
Hello Alistair,

The DMI you are talking about is it the Average Directional Movement Index found in the Indicators of MetaTrader?

To attach a copy of a chart first you need to take a snapshot of it. YOu can do this in MT4 by using File - Save As Picture and save it to somewhere on your computer.

regards
Tadinda

Sorry to attach a file to your post use the icon which appears as paper clip and then find the file which you would have saved when taking a picture of your chart.

If you still have problems let ,e know and I will try to answer.

tadinda
  • #1,464
  • Mar 19, 2008 6:00am Mar 19, 2008 6:00am
Quoting tadinda
Hello Alistair,

The DMI you are talking about is it the Average Directional Movement Index found in the Indicators of MetaTrader?

To attach a copy of a chart first you need to take a snapshot of it. YOu can do this in MT4 by using File - Save As Picture and save it to somewhere on your computer.

regards
Tadinda
Alaitair,

Can you pleasae also attach the version of teh EXpert Advisor which you are using please

Tadinda
  • #1,465
  • Mar 19, 2008 6:26am Mar 19, 2008 6:26am
The DMI is the standard one found on MetaTrader.

All that I have done is changed the period to 8 and the representing colours.

I hope this picture comes through.
Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy 18032008.gif Size: 47 KB
  • #1,466
  • Mar 19, 2008 6:30am Mar 19, 2008 6:30am
Ta dinda,

The signal candles where at 9.40, 12.05 and 15.10 (server time) so I would have bought at the begining of the next candle.

As you will be able to see this method allows multiple entries on the same trend.

Meaning that if you close out a trade to early you can get in on a second wave.

Hope it helps.

I have had a look back a long way and it seems to be effective.

In addition I am also quite careful around current lows and support/resistance for the day in conjunction with the pivot points and r1 r2 s1 s2 etc.

Al
  • #1,467
  • Mar 19, 2008 8:20am Mar 19, 2008 8:20am
Quoting ACartwright
Ta dinda,

The signal candles where at 9.40, 12.05 and 15.10 (server time) so I would have bought at the begining of the next candle.

As you will be able to see this method allows multiple entries on the same trend.

Meaning that if you close out a trade to early you can get in on a second wave.

Hope it helps.

I have had a look back a long way and it seems to be effective.

In addition I am also quite careful around current lows and support/resistance for the day in conjunction with the pivot points and r1 r2 s1 s2 etc.

Al

Hi Alistair,

Thanks.

Can you attach the EA with which you are working for Trendfollower?

Tadinda
  • #1,468
  • Mar 19, 2008 8:27am Mar 19, 2008 8:27am
Quoting ACartwright
The DMI is the standard one found on MetaTrader.

All that I have done is changed the period to 8 and the representing colours.

I hope this picture comes through.
Alistair,

Can you draw vertical lines as to when you went in and out...or other possibilities you are suggesting.

Tadinda
  • #1,469
  • Mar 19, 2008 9:25am Mar 19, 2008 9:25am
Ta dinda,

I do not have a programmed EA I am currently trading manually.

Is that what you meant?

Al
  • #1,470
  • Mar 19, 2008 10:11am Mar 19, 2008 10:11am
Ta Dinda,

Please find a couple of signals today on GBP/JPY from 11 am (server time)

I have tried to put in as much info as possible.

I have also attached my template (which includes the DMI)

Hope it helps.

Al
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy - today.gif Size: 49 KB
Attached File(s)
File Type: tpl silversword2.tpl   26 KB | 701 downloads
  • #1,471
  • Mar 19, 2008 10:58am Mar 19, 2008 10:58am
Looking good!!

http://i29.tinypic.com/eb6eme.jpg
  • #1,472
  • Mar 19, 2008 11:29am Mar 19, 2008 11:29am
Im liking the idea of the adx in there and the other lag.

Can anybody explain more about adding the other lag line into the laguerre indicator?

Thanks.
  • #1,473
  • Mar 19, 2008 11:42am Mar 19, 2008 11:42am
WF,

Just drag lag from the custom indicator ONTO the existing lag window, change the gamma setting to .8, color to whstever you prefer.

Pardy
  • #1,474
  • Mar 19, 2008 12:33pm Mar 19, 2008 12:33pm
Attached is the EA for Trend Follower. I have been following this thread from last few weeks. EA is an enhancement of Paul's alert EA.

EA will open and managet the trade of 1 lot each based on iTradeFactor value. Will explain the iTradeFactor and noOfLot later. For now use the default setting. I will explain the detail in subsequent thread..

Based on the the value iTpIncrement it will close half of the trade and let run the other off till your TakeProfit. After the first profit it will set the stop loss to BE.

if the TakeProfit is zero then it will run forever untill you close the second half of the lot.

PipsTrail-35 // u can set any value.

This will trail the profit under different range, please do not get confuse with trail stop.

So e.g. if the open price is 210.50.
and now the current price is 210.60.
then stop loss will be BE.
if the current price is 211.51 then stop loss will be the value of PipsTrail.

so if the profit is between 50 to 100 pips - stoploss is BE
profit is between 100 to 150 pips - stoploss is pipstrail value.
profit is between 150 to 200 - stoploss sis = 2 * pipstrail. etc..

Do some forward/back testing and let me know if you have any questions.
Attached File(s)
File Type: mq4 SignalTrendFollowerEA.mq4   21 KB | 1,052 downloads
  • #1,475
  • Mar 19, 2008 8:23pm Mar 19, 2008 8:23pm
Quoting ACartwright
Ta dinda,

I do not have a programmed EA I am currently trading manually.

Is that what you meant?

Al
Hi Al,

To keep some order especially for other people who may be reading this thread later I shall respond to each of your posts individually.

An EA (Expert Advisor) is a piece of programming which can do things automatically for you in MT4. It can be programmed to make auto trades for you or for simply alerts. Myself I only use MT4 for charts and its functionality and use another Broker for real trades.

From earlier posts there were a number of EA's on here. One was started by pmurfin which is apparently really good. It was supposed to be continued to be fully automatic to make trades. However pmurfin as far as I know never posted the final version here.

Others have picked up from his work and included auto trading. Others included certain other features as well. All in all you have to read and reread the whole thread to come up with something suitable and still will not know if it will really function as promised. That is why I have been asking to bring this thread to some order and have a page with all the details of all these indicators and EA's in one page for everybody to find and use as he or she wishes.

Hopefully we will get there some day as since your post some interest has again been generated.

Hope the above explains EA's and get people to cooperate to put this page together.

WE may start with somebody who is using an EA, with or without Auto Trading and which he can confirm that it works properly to post it here and I will start compiling the page and after sanction from the Wicker we would be able to post it here and maybe the Wicker will agree to put it also on his website.

Thanks

Tadinda
  • #1,476
  • Mar 19, 2008 8:27pm Mar 19, 2008 8:27pm
Quoting ACartwright
Ta Dinda,

Please find a couple of signals today on GBP/JPY from 11 am (server time)

I have tried to put in as much info as possible.

I have also attached my template (which includes the DMI)

Hope it helps.

Al
Hi Al,

This is a great setup and I hope your post will generate a substantial number of constructive criticisms.

I am no programmer but I am certain some guys reading this thread can come up with an EA so that once all of the criteria are met, including the ADX an alert will come up.

Suggestions welcome from everybody.

Tadinda
  • #1,477
  • Mar 19, 2008 8:29pm Mar 19, 2008 8:29pm
Quoting sonicdeejay
Looking good!!

http://i29.tinypic.com/eb6eme.jpg

Hi There,

I am a little slow in understanding your post....can you make it meaningful and easily discernible for idiots such as myself.

Thanks
tadinda
  • #1,478
  • Mar 19, 2008 8:34pm Mar 19, 2008 8:34pm
Quoting skyscraper
Attached is the EA for Trend Follower. I have been following this thread from last few weeks. EA is an enhancement of Paul's alert EA.

EA will open and managet the trade of 1 lot each based on iTradeFactor value. Will explain the iTradeFactor and noOfLot later. For now use the default setting. I will explain the detail in subsequent thread..

Based on the the value iTpIncrement it will close half of the trade and let run the other off till your TakeProfit. After the first profit it will set the stop loss to BE.

if the TakeProfit is zero then it will run forever untill you close the second half of the lot.

PipsTrail-35 // u can set any value.

This will trail the profit under different range, please do not get confuse with trail stop.

So e.g. if the open price is 210.50.
and now the current price is 210.60.
then stop loss will be BE.
if the current price is 211.51 then stop loss will be the value of PipsTrail.

so if the profit is between 50 to 100 pips - stoploss is BE
profit is between 100 to 150 pips - stoploss is pipstrail value.
profit is between 150 to 200 - stoploss sis = 2 * pipstrail. etc..

Do some forward/back testing and let me know if you have any questions.

Thanks for the Post Skyscraper.

May I suggest you prepare everything on one post so that we will be able to include your contibution on one complete post which will include all indicators and EA's for us and new comers to choose, test and use.

If you have been using this EA yourself I think it would be appropriate if you could share your experirnce in using it.

Thanks

Tadinda
  • #1,479
  • Mar 19, 2008 8:37pm Mar 19, 2008 8:37pm
Hi Guys and Gals,

I do hope I do not come accross as a busybody or a buttin in this thread by trying to reply to everybody and trying to keep and bring things up to date.

My intention is only to bring some order and make it easier for others and new users of this thread to find all of the information in one place which is being constantly updated.

Sorry if I am being a pest.

Tadinda
  • #1,480
  • Mar 19, 2008 10:08pm Mar 19, 2008 10:08pm
tadinda,
Yes I am testing this with M1 and M5. on M5 , I am using Laugre - 0.66 in M5. But in M1 it is .8. results are good in M1. I am still testing on M5.

As far as EA, I had explain almost everything. I tried to made it very simple so that anyone can use it simply attaching to your chart.

I am working on exit strategy, but still need to test more..
As far as Indicators. We need all the indicators suggested by Wicker. I guess everyone has that indicator.
This EA is to completly automate the trading process. I have not introduced any new indicator.
Copy the EA from my previous post and put it in experts folder then compile it and attached to your M5 or M1 chart thats it
feel free to ask any questions.
Quoting tadinda
Thanks for the Post Skyscraper.

May I suggest you prepare everything on one post so that we will be able to include your contibution on one complete post which will include all indicators and EA's for us and new comers to choose, test and use.

If you have been using this EA yourself I think it would be appropriate if you could share your experirnce in using it.

Thanks

Tadinda
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