Trend Follower 5 Minute System | Page 86 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 HD system (trend follower) 3 replies

Journal for Trend Follower 5 Minute System 9 replies

Trend Follower System Programming 4 replies

A good EA trend follower? 2 replies

trend follower system templates and indicators an issue 5 replies

Attachments: Trend Follower 5 Minute System
Exit Attachments

Trend Follower 5 Minute System

  • #1,701
  • Mar 22, 2008 10:46pm Mar 22, 2008 10:46pm
Quoting Dezil
Hi to ALL

2 more indy from me. I think they may be useful. Its Guppy but looks like histogram. One for single timeframe and one multitimeframe. So we can always see Guppy direction on current timeframe or any other without switching screen.
Below is the pic with example of use. Upper guppy hist is 5 min TF and the lower is for 1H. You can see how signals can be approved from higher TF

Dear Dezil,
How can one interpret the 'red' color bar??

Thx
  • #1,702
  • Mar 23, 2008 12:01am Mar 23, 2008 12:01am
Hello All,

Attachedd please find the updated Excel Sheet.

tadinda
Attached File(s)
File Type: xls Backtesting.xls   234 KB | 595 downloads
  • #1,703
  • Mar 23, 2008 12:37am Mar 23, 2008 12:37am
Attached please find the updated Excel Sheet.

Tadidna
Attached File(s)
File Type: xls Backtesting.xls   235 KB | 598 downloads
  • #1,704
  • Mar 23, 2008 12:44am Mar 23, 2008 12:44am
Quoting tadinda
Attached please find the updated Excel Sheet.

Tadidna
Tadinda,

Which broker are you using? I could not get some of the minor pairs from NorthFinance.
  • #1,705
  • Mar 23, 2008 12:56am Mar 23, 2008 12:56am
Quoting Dezil
Hi to ALL

2 more indy from me. I think they may be useful. Its Guppy but looks like histogram. One for single timeframe and one multitimeframe. So we can always see Guppy direction on current timeframe or any other without switching screen.
Below is the pic with example of use. Upper guppy hist is 5 min TF and the lower is for 1H. You can see how signals can be approved from higher TF
Dezil,

What are the settings to be set on the indicators? Both were showing the same thing when i put them onto the charts. I suppose, we have to change the default setting of 5mins to 60mins?

I understand that it indicates the trend for 5min chart and HTF chart. So what does it means when there isnt any red/blue bars? Does that means that the makret is ranging during these times?

Apologies for my ignorant, I use a rather similar indicator in Xtick, painted the bars red/blue when certain MAs crossed. I really think this is a good indicator which allows us see the trend in multiple time frames in a glance.
  • #1,706
  • Mar 23, 2008 1:14am Mar 23, 2008 1:14am
Quoting Nigel
Tadinda,

Which broker are you using? I could not get some of the minor pairs from NorthFinance.
Nigel,

The Broker I am using for Trading does not do MT4. They are DeltaStock from Bulgaria. They allow me to trade with Level II quotes.

I use MT4 for charts and EAs to assit me with my trading.

Should you require more infor please advise.

Tadinda
  • #1,707
  • Mar 23, 2008 1:16am Mar 23, 2008 1:16am
Attached please find the updated Excel Sheet

Tadinda
Attached File(s)
File Type: xls Backtesting.xls   236 KB | 664 downloads
  • #1,708
  • Mar 23, 2008 1:27am Mar 23, 2008 1:27am
Quoting tadinda
Nigel,

The Broker I am using for Trading does not do MT4. They are DeltaStock from Bulgaria. They allow me to trade with Level II quotes.

I use MT4 for charts and EAs to assit me with my trading.

Should you require more infor please advise.

Tadinda
Which broker are you using to do the back testing?
  • #1,709
  • Mar 23, 2008 2:40am Mar 23, 2008 2:40am
Quoting Dezil
Hi to ALL

2 more indy from me. I think they may be useful. Its Guppy but looks like histogram. One for single timeframe and one multitimeframe. So we can always see Guppy direction on current timeframe or any other without switching screen.
Below is the pic with example of use. Upper guppy hist is 5 min TF and the lower is for 1H. You can see how signals can be approved from higher TF
Got recommended onto this thread and it's cost me hours of my life reading through the 100+ pages of this thread.

Can I just say some of you must write like the clappers because it look me ages to read 3 days posts. Just finished reading this whole thing tho I must say I skipped a lot about EAs and stuff.

My questions is about that histogram type guppy indicator, can someone explain the ins and outs of it please and what it shows etc etc.

Cheers.
  • #1,710
  • Mar 23, 2008 4:38am Mar 23, 2008 4:38am
Quoting Catch-22
Got recommended onto this thread and it's cost me hours of my life reading through the 100+ pages of this thread.

Can I just say some of you must write like the clappers because it look me ages to read 3 days posts. Just finished reading this whole thing tho I must say I skipped a lot about EAs and stuff.

My questions is about that histogram type guppy indicator, can someone explain the ins and outs of it please and what it shows etc etc.

Cheers.
Hi all
Great work being done
Time for a recap?
Dutchy
  • #1,711
  • Mar 23, 2008 4:45am Mar 23, 2008 4:45am
Hi to All

Try to explain about my GuppyHist indicators.

when InvestorTrend=true
blue bar - all MA look up and all green are above red (strong trend up)
red bar - all MA look down and all green are below red (strong trend down)
blank bar - there is no strong trend

when InvestorTrend=false (relative position of red and green does not matter)
blue bar - all MA look up (trend up)
red bar - all MA look down (trend down)
blank bar - there is no trend

in MTF version you can specify timeframe in min to calculate at.
15 -15min, 30-30min, 60-60min etc.

hope i was clear

the main purpose of that indy is to simplify visual control of guppi direction on current or higher TF
  • #1,712
  • Mar 23, 2008 8:44am Mar 23, 2008 8:44am
Quoting Nigel
Which broker are you using to do the back testing?

North Finance
  • #1,713
  • Mar 23, 2008 8:48am Mar 23, 2008 8:48am
Hi Guys,

During my night I had a rethink about how the Back Testing Results are being represented.

Therefore attached is a fresh Excel Sheet.

The results are being represneted as the number of trades (profitable or Losses) and their equivalent percentages.

As you can see I have finished the day Time Frame and the 4 Hr Time Frame. I have also started the 1 Hr Time Frame. Some of it is already in teh Excel sheet which is attached.

Tadinda
Attached File(s)
File Type: xls Backtesting.xls   239 KB | 758 downloads
  • #1,714
  • Mar 23, 2008 9:40am Mar 23, 2008 9:40am
I have followed this thread from its inception and look forward to the improvement of the EA. My ultimate respect and admiration for all of you involved in that labor and thought intensive endeavor. It occurred to me that the exit strategy is one of the ultimate issues to be resolved(as discussed earlier). In this regard, I refer you to another thread,"Simple method of Scalping any pair on 5 minute chart-by Imran Sait" http://www.forexfactory.com/showthread.php?t=48926
The major difference btween Wicker's methodology and Imran's besides the Guppy and different EMA crossovers is Imran's use of a stoichistic indicator (which I have found allows entering a trade earlier - sometimes) and the use of a second Laguerre for exits. I have found this works. The first Lag is set at .6, the second at .8; levels to watch are .15 and .85 (rather than.75) I have combined the best of both systems with some success however I only add this post as a suggestion as to exit strategy. The .8 Lag is used for exits and distance, horizontally(on graph) between Lag1 and Lag2 indicates strength of trend. For all who get unnerved by someone trying to change, add to, hijack or otherwise amend Wicker's system get a grip, I am only trying to help.
I should never have switched from scotch to martinis
  • #1,715
  • Mar 23, 2008 10:03am Mar 23, 2008 10:03am
Quoting fxj
...For all who get unnerved by someone trying to change, add to, hijack or otherwise amend Wicker's system get a grip, I am only trying to help.
What a shambles!!!
  • #1,716
  • Mar 23, 2008 10:15am Mar 23, 2008 10:15am
Quoting FxFocus
What a shambles!!!
Get a grip.
I should never have switched from scotch to martinis
  • #1,717
  • Mar 23, 2008 10:18am Mar 23, 2008 10:18am
Quoting FxFocus
What a shambles!!!

Suggest you go and find yourself a hole somewhere.
  • #1,718
  • Mar 23, 2008 10:20am Mar 23, 2008 10:20am
Suggestion,
In lower or upper time frame set the iTpIncrement between 30 to 40 then you will have less loss and more profit always
Quoting tadinda
Hi Guys,

During my night I had a rethink about how the Back Testing Results are being represented.

Therefore attached is a fresh Excel Sheet.

The results are being represneted as the number of trades (profitable or Losses) and their equivalent percentages.

As you can see I have finished the day Time Frame and the 4 Hr Time Frame. I have also started the 1 Hr Time Frame. Some of it is already in teh Excel sheet which is attached.

Tadinda
  • #1,719
  • Mar 23, 2008 10:31am Mar 23, 2008 10:31am
I'm thinking that since the setup is beginning to look a little cluttered with all the additional indicators that maybe we could improve things by using multiple screens.

I would suggest we share the information between two screens, and so we don't confuse the alarms perhaps use a bell for one and a whistle for the other.

Just trying to help...
  • #1,720
  • Mar 23, 2008 11:19am Mar 23, 2008 11:19am
Quoting skyscraper
Suggestion,
In lower or upper time frame set the iTpIncrement between 30 to 40 then you will have less loss and more profit always
Thanks Sky,

I am almost finished the Hour Time Frame and starting the 30 Min TF. What do you suggest for the iTPINcrement for 30 MIn?

I shall conclude the 1 Hour TF with the existing iTPINcrement for consistency.

Tadinda
5 traders viewing now