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Trend Follower 5 Minute System

  • #1,581
  • Mar 21, 2008 12:41am Mar 21, 2008 12:41am
Quoting joschia
Hi,

May I know what does the below value mean? What does 1.5431 mean? Thanks..

http://i8.photobucket.com/albums/a36/joschia/EA1.jpg

Hello JosChia,

I am attaching the only explanation I could find for you.

Tadinda
Attached File(s)
File Type: zip #Signal_Bars_v7 Comment.zip   74 KB | 1,112 downloads
  • #1,582
  • Mar 21, 2008 1:59am Mar 21, 2008 1:59am
Quoting tadinda
Hello JosChia,

I am attaching the only explanation I could find for you.

Tadinda
Thanks v.much....

Hope to learn from u guys....
  • #1,583
  • Mar 21, 2008 2:14am Mar 21, 2008 2:14am
http://i31.tinypic.com/jzv1p1.jpg

Guys,,

help me out here...
At what condition, Laguere will go to LONG or SHORT???
  • #1,584
  • Mar 21, 2008 2:46am Mar 21, 2008 2:46am
Quoting sonicdeejay
http://i31.tinypic.com/jzv1p1.jpg

Guys,,

help me out here...
At what condition, Laguere will go to LONG or SHORT???
0.66 Lag will indicate short when it passes the 0.75 level going down.
0.66 Lag will indicate long when it passes the 0.15 level going up.

Hope it helps.
  • #1,585
  • Mar 21, 2008 2:47am Mar 21, 2008 2:47am
Well I'm off, I'll return when sanity is restored to this thread.
  • #1,586
  • Mar 21, 2008 2:50am Mar 21, 2008 2:50am
Quoting FxFocus
Well I'm off, I'll return when sanity is restored to this thread.

As the saying goes.

You can take a horse to the watering hole. It is another matter if it wants to drink or not.

Good Luck. We are always here to try to make things easier for you.

Tadinda
  • #1,587
  • Mar 21, 2008 2:52am Mar 21, 2008 2:52am
Quoting tadinda
0.66 Lag will indicate short when it passes the 0.75 level going down.
0.66 Lag will indicate long when it passes the 0.15 level going up.

Hope it helps.
My EA got somthing wrong...??

Laguerra is always FLAT!!! The whole day never trigger?

http://i29.tinypic.com/15zftcm.jpg
  • #1,588
  • Mar 21, 2008 3:03am Mar 21, 2008 3:03am
Quoting sonicdeejay
My EA got somthing wrong...??

Laguerra is always FLAT!!! The whole day never trigger?

http://i29.tinypic.com/15zftcm.jpg
Sonic,

From the chart you presented it is clear the lag are not flat. The wording may say flat.

Please remember thta for a trade to be triggered a number of factors have to be tested and not just the lags.

Tadinda
  • #1,589
  • Mar 21, 2008 3:11am Mar 21, 2008 3:11am
Quoting tadinda
Sonic,

From the chart you presented it is clear the lag are not flat. The wording may say flat.

Please remember thta for a trade to be triggered a number of factors have to be tested and not just the lags.

Tadinda

That worry me. Whole day I have been trying out the EA using 2 PCs on Difference pairs Diff time...but no trade at all....

Can u post the ver of EA u r using successfully??
Thx fr ur help!
  • #1,590
  • Mar 21, 2008 3:17am Mar 21, 2008 3:17am
Quoting FxFocus
I love this system but I don't like watching the screen for hours on end waiting for a signal so I tried to get round this by using Paul Murfin's EA to indirectly send a text message to my mobile whenever a signal occurs. This is fine as far as it goes but invariably the alert comes too late or does not give me enough time to make a cool judgment.

Before Christmas I was thinking wouldn't it be nice if I could get the alert earlier so I'd have time to decide whether to take the signal where to place the stop, TP and how many units I need.

Well cutting a long story short I pretty much massacred Pauls's EA as I don't have any experience of programming MQL4 but after a lot of trial and error I got something that seems to work, at least good enough for me.

I didn't have time to try it out before Christmas but have been using it to good effect this week and so thought maybe others might like to try it. Please understand this is not an automated system, it simply alerts you when all the criteria are close to a signal so you have time to be ready if and when the signal is confirmed.

Normally you will get a yellow alert before the signal is confirmed and a red alert when all criteria are met. One big difference is this EA does not wait for the end of a bar so even after a red alert its possible to find the signal not confirmed at the end of the bar. So it's up to you whether you want to wait for the end of bar or go with what might be only a transient signal.
In response to FX Focus you wanted an automated EA as you mentioned "I don't like watching the screen for hours on end waiting for a signal." 10th January 2007.

What we are trying to acheive is a fully automated trading system that will trade without us being directly involved.

This is being achieved by taking the Wickers system and making slight adjustments that will help create this system.

I am sure that you would not out your money in to an automated system that lost money!!!!

This system will trade constantly and most imprtnantly when you are probably as sleep.

My opinion you need to make it as water tight as possible for this end.

If that means adding one more indicator to be safe I am 100% behind it.

Do not get me wrong the the Wicker system is the best on forex factory but to be atuomated it needs adapting as this was purely a manual system before.

Also by the contribution of Skycraper, Tadinda, Soncideejay, WilteredFire etc this thread is now again top of the forex facotry list.

Hopefully we can get others to come and give their experience.

Alastair

  • #1,591
  • Mar 21, 2008 3:31am Mar 21, 2008 3:31am
Quoting sonicdeejay
That worry me. Whole day I have been trying out the EA using 2 PCs on Difference pairs Diff time...but no trade at all....

Can u post the ver of EA u r using successfully??
Thx fr ur help!

Sonic,

I am running the same EA as was being run yesterday. Except that this EA is now being filtered by the ADX. ACarwright is running the one without the ADX filter which wold make it the same on as I ran yesterday.

Do not worry. I am running mine since evening yesterday....on 12 pairs and I still have not gotten a signal.

Be patient. Trades will come.

Tadinda
  • #1,592
  • Mar 21, 2008 3:33am Mar 21, 2008 3:33am
Quoting ACartwright
In response to FX Focus you wanted an automated EA as you mentioned "I don't like watching the screen for hours on end waiting for a signal." 10th January 2007.

What we are trying to acheive is a fully automated trading system that will trade without us being directly involved.

This is being achieved by taking the Wickers system and making slight adjustments that will help create this system.

I am sure that you would not out your money in to an automated system that lost money!!!!

This system will trade constantly and most imprtnantly when you are probably as sleep.

My opinion you need to make it as water tight as possible for this end.

If that means adding one more indicator to be safe I am 100% behind it.

Do not get me wrong the the Wicker system is the best on forex factory but to be atuomated it needs adapting as this was purely a manual system before.

Also by the contribution of Skycraper, Tadinda, Soncideejay, WilteredFire etc this thread is now again top of the forex facotry list.

Hopefully we can get others to come and give their experience.

Alastair

Thanks Al
  • #1,593
  • Mar 21, 2008 4:10am Mar 21, 2008 4:10am
Quoting tadinda
Do not worry. I am running mine since evening yesterday....on 12 pairs and I still have not gotten a signal.

Tadinda

wow..

oki!!!
  • #1,594
  • Mar 21, 2008 4:16am Mar 21, 2008 4:16am
Quoting sonicdeejay
wow..

oki!!!
That original Wicker Rules state that the system works best (if not only) during the European (UK) and the US markets. Furthermore today some markets are closed and also it is Good Friday (a very important Catholic day) so liquidity must be quite low.

Do not give up my man...persistence, sharing ideas and solutions and managing our best resources will get us there eventually.

Tadinda
  • #1,595
  • Mar 21, 2008 4:24am Mar 21, 2008 4:24am
Quoting tadinda
That original Wicker Rules state that the system works best (if not only) during the European (UK) and the US markets. Furthermore today some markets are closed and also it is Good Friday (a very important Catholic day) so liquidity must be quite low.

Do not give up my man...persistence, sharing ideas and solutions and managing our best resources will get us there eventually.

Tadinda

sure will...thx

Btw, DO u have world mkts sessions timing indicators....??
I only have the one with color representation!! I'd prefer the one with color as well as words indication!!

  • #1,596
  • Mar 21, 2008 4:28am Mar 21, 2008 4:28am
Quoting ACartwright
In response to FX Focus you wanted an automated EA as you mentioned "I don't like watching the screen for hours on end waiting for a signal." 10th January 2007.

What we are trying to acheive is a fully automated trading system that will trade without us being directly involved.

This is being achieved by taking the Wickers system and making slight adjustments that will help create this system.

I am sure that you would not out your money in to an automated system that lost money!!!!

This system will trade constantly and most imprtnantly when you are probably as sleep.

My opinion you need to make it as water tight as possible for this end.

If that means adding one more indicator to be safe I am 100% behind it.

Do not get me wrong the the Wicker system is the best on forex factory but to be atuomated it needs adapting as this was purely a manual system before.

Also by the contribution of Skycraper, Tadinda, Soncideejay, WilteredFire etc this thread is now again top of the forex facotry list.

Hopefully we can get others to come and give their experience.

Alastair
Sorry if I gave the wrong impression in the post you quoted but my modified EA is intended only to warn when a possible signal is aproaching. Its purpose is to allow one to avoid watching the screen for hours on end but beyond that all trading decisions are taken by the trader.

It's my opinion that the holy grail of a profitable fully automated system is unacheivable and a fools errand.

What's needed is a combination of TheWickers's system and experience, which is why I like to read of others experience here, but recent posts appear to be discussing a modified system that I don't recognise.
  • #1,597
  • Mar 21, 2008 4:32am Mar 21, 2008 4:32am
Quoting sonicdeejay
sure will...thx

Btw, DO u have world mkts sessions timing indicators....??
I only have the one with color representation!! I'd prefer the one with color as well as words indication!!


Hi am sending you the one that I have.

The best one is teh one in which the inputs ask you how far away your broker data is away from GMT. Forgot which one it is.

If you still have problems let me know.

Tadinda
Attached File(s)
File Type: mq4 Market Hours.mq4   2 KB | 996 downloads
File Type: mq4 Sessions Indicator.mq4   8 KB | 1,114 downloads
  • #1,598
  • Mar 21, 2008 4:39am Mar 21, 2008 4:39am
Quoting FxFocus
Sorry if I gave the wrong impression in the post you quoted but my modified EA is intended only to warn when a possible signal is aproaching. Its purpose is to allow one to avoid watching the screen for hours on end but beyond that all trading decisions are taken by the trader.

It's my opinion that the holy grail of a profitable fully automated system is unacheivable and a fools errand.

What's needed is a combination of TheWickers's system and experience, which is why I like to read of others experience here, but recent posts appear to be discussing a modified system that I don't recognise.

Hi there,

If you do not want automation but want the alert all you have to do is switch the automation off. You will still get the alerts. Alternatively, you may leave automation on but ask for manual confirmation before each trade.

So you see your concerns have been addressed already and these options have already been programmed in. Thanks to pmurfin and now Skyscraper.

One suggestion if I may.

I can accept, and am sure all of us here will accept, constructive criticism to bring things forward. When blanket denounciations are made which are not fully researched, or even at least invstigated, it does not do justice to whoever is bringing them forward.

So please anybody who wants to criticise please do so. But do so after undertsanding and at least reading the baiscs. What you do not understand, you may ask. Before jumping the gun. And am certain one or another will answer your queries.

Any judgement will then be at least an informative.

Tadinda
  • #1,599
  • Mar 21, 2008 4:42am Mar 21, 2008 4:42am
Quoting from TheWicker's original post....

"...It does not need any improving, nor changing. It is fully optimized for trading, so do not attempt to change any indicators or settings!..."
  • #1,600
  • Mar 21, 2008 4:46am Mar 21, 2008 4:46am
Quoting FxFocus
Quoting from TheWicker's original post....

"...It does not need any improving, nor changing. It is fully optimized for trading, so do not attempt to change any indicators or settings!..."
Thank you for brining us up to date with what teh Wicker has said.

I repeat again.

We are not improving on the workings of it. We are trying to achieve the following:

1. Automation based on the rules of the Wicker.
2. Trying out filters which may help to substitute (or at least try) the experirnce and knowledge of the Wicker himself. Such experirnce we do not have and may not have unless wwe are willing to continue puring money in Brokers coffers.

At teh end of the day all this is optional. You either like it and use or not. IT is not mandatory by all means.

Finally there is another saying.

Sometimes teh wood is missed in between the trees.

Tadinda
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