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Trend Follower 5 Minute System

  • #1,801
  • Edited 2:35am Apr 9, 2008 1:27am | Edited 2:35am
I think it's easier just to look in his excell results , and there are exact dates and hours of trades. Just back on your charts to this time and you can see the entry points. Of course without target - resistances and supports
  • #1,802
  • Apr 9, 2008 1:54am Apr 9, 2008 1:54am
Quoting Lovebug
Hey Pilatus, thanks a lot. I'll test them one by one. TrendFollowSignal.mq4 works well but I just can't load the other 2 in my MT4. Don't know why...
You can not load them because they are EA. You must put them in Expert file of your MT4. Simple copy them there. I personally use signal trend follower+snapshot (you can find it in attachment list on the right upper corner of this thread) but I DO NOT enter on every signal that this EA gives. I am not good yet as Deforexit is.
  • #1,803
  • Apr 10, 2008 4:26pm Apr 10, 2008 4:26pm
hello everybody, nice to meet you all ! i have some questions on timing issues, may I know whether you will take all signals no matter it's before any event like NFP ? or any other significant events? and do you close your positions before the weekend ? is the gap high low on monday morning significant for the performance ? for the trading session, Wicker suggests us to trade in US and EU session so we do not buy even there is signal in non US & non EU session ? but we do sell when we reached our target right..what about the bank holidays on either US or EU ? stop trading as well ? thank you !
  • #1,804
  • Apr 10, 2008 9:13pm Apr 10, 2008 9:13pm
Quoting skyscraper
First let me explain the lot size calculation.
TOtal Lot size = 0.01 X iTradeFactor X noOfSmallLot.

so if you want to open 4 lot each of 10,000 standard lot/ 1000 mini lot.

iTradeFactor = 0.01 X 100 X 4.
where iTradeFactor = 100
noOfSmallLot = 4

Now about iTPIncrement.

If your noOfSmallLot is more than 1 then iTPIncrement play a significant role to close some of the lot early and take incremental profit and also moving your stop loss to BE.

so e.g. - iTPIncrement = 40, noOfSmallLot=4, iTradeFactor=100
You went long a lets say 201.00..
At price 201.40, your first lot will be closed and s/l will move to BE.

at price 201.80 your second lot will be closed.

at price 202.20 your third lot will be closed.
Fourth lot will run forever, until you closed it manually or it gets the opposite signal.

Now there is one more good feature in this EA called - Pipstrail, It is bit similar to trail stop not completely.. so read it carefully.
so e.g. - iTPIncrement = 40, noOfSmallLot=4, iTradeFactor=100 pipstrail=35

You went long a lets say 201.00..
At price 201.40, your first lot will be closed and s/l will move to BE.

at price 201.80 your second lot will be closed. ( If your profit between 50 to 100 pips) the s/l will be BE.

at price 202.20 your third lot will be closed. ( If your profit between 100to 150pips) the s/l will be openprice + 35 ( pipstrail).
Fourth lot will run forever, until you closed it manually or it gets the opposite signal.
if your profit between 150 to 200 pips then s/l will be
openprice + 2 *pipstrail = 70

from 200 to 250
s/l will be openprice+ 3 * pipstrail..

thats it .. so now you have ea and the rules.. have fun and play
thanks a lot

I have another question :
in your example, in fact, we keep 35 pips at every advance of 50 pips in our favor, starting at 100 pips.

but are the values of 50 and 100 are hardcoded in your EA or related to iTradeFactor (=100 in your example) or something else?

thanks for your contributions again.
  • #1,805
  • Apr 10, 2008 9:22pm Apr 10, 2008 9:22pm
Quoting vongkasem
I will let it open 24/24 if it is useful.

the name is simply : Trend Follower 5 Minute System (I hope there is no copyright, or you allow me to use the name, otherwise I will change it, Mr wicker)
Category : Business anf Finance
Sub-Category : Day Traders / Stocks & Bonds
link :
http://chat.paltalk.com/g2/webapp/se...Searchwithin=Y

the wicker, WilteredFire, pmurfin, etc, you are welcome to be administrators

hope it helps
note: my pc reboots at 17:24, each day
  • #1,806
  • Apr 11, 2008 6:40am Apr 11, 2008 6:40am
Quoting pilatus
You can not load them because they are EA. You must put them in Expert file of your MT4. Simple copy them there. I personally use signal trend follower+snapshot (you can find it in attachment list on the right upper corner of this thread) but I DO NOT enter on every signal that this EA gives. I am not good yet as Deforexit is.
Got it. Thanks! I'm new to MT4 too, will try the EA immediately. The TrendFollowSignal indicator doesn't look nice to me as quite some wrong signals were found and I'll try the trend follower_snapshot EA. Don't worry, I'll see how it works.

Thanks again.
  • #1,807
  • Apr 11, 2008 7:38am Apr 11, 2008 7:38am
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
Indeed, both indy are very useful. Thank you for the thoughtful creation! In fact, they are valuable by themselves. Wonder if you would kindly add an alert feature to it whenever an up/down trend begins and ends? It would be an invaluable tool to also save time and efford as well. Thank you again!
  • #1,808
  • Apr 11, 2008 10:59am Apr 11, 2008 10:59am
LOL

Quoting tadinda
Suggest you go and find yourself a hole somewhere.
  • #1,809
  • Apr 11, 2008 8:49pm Apr 11, 2008 8:49pm
Quoting Lovebug
Hey, could anyone tell me how to filter the entry/exit points from the many signals?

Thanks!

From you graph,

I've noticed 3 possible trades...It is so volatile...it shd let u earn so decent pips!!
Attached Image
  • #1,810
  • Apr 11, 2008 9:43pm Apr 11, 2008 9:43pm
Sonicdeejay,

I was looking for advice about trading (sorry if this is not the place to ask....). I saw that you followed the Imran/simple scalp method, also ozfx, and this one as well (trend follower)? I like these as well and was wondering if you could advise a new trader? Perhaps if this forum not appropriate you could send me message/email?

Thanks
  • #1,811
  • Apr 11, 2008 10:39pm Apr 11, 2008 10:39pm
Quoting Qui-Gon
Sonicdeejay,

I was looking for advice about trading (sorry if this is not the place to ask....). I saw that you followed the Imran/simple scalp method, also ozfx, and this one as well (trend follower)? I like these as well and was wondering if you could advise a new trader? Perhaps if this forum not appropriate you could send me message/email?

Thanks
Hello there,.

I am still in the learning stage by myself...
If u need any info, u can PM me,.,..I will see what i can help!!


sonic
  • #1,812
  • Apr 12, 2008 1:38am Apr 12, 2008 1:38am
vongkasem: You can use that channel name.

Advice To New Trend Follower Users: Please stick to the original rules and don't modify them. It's better for you.
  • #1,813
  • Apr 12, 2008 5:37pm Apr 12, 2008 5:37pm
Quoting TheWicker
vongkasem: You can use that channel name.

Advice To New Trend Follower Users: Please stick to the original rules and don't modify them. It's better for you.
Hi Master Wicker, nice to meet you! Do you mean that my questions asked about timing issues with holiday gap, US & EU trading sessions and economic indicators release are irrelevant to the strategy ? becoz you will take the signal, say, on friday night, or right before the releases? Thank you!
  • #1,814
  • Apr 13, 2008 12:44am Apr 13, 2008 12:44am
Great system and congratulations on your excellent results and for achieving forex success. On behalf of all ff members, Thankyou for sharing and teaching here. You are a truly a guiding light to others, including myself, as living proof that the fx dream is possible. I like your spreadsheet - I have been meaning to set one up to record my own trades so I will just use yours if thats ok.
BTC Return This Year: na
  • #1,815
  • Apr 13, 2008 4:00am Apr 13, 2008 4:00am
Quoting hongkonger
Hi Master Wicker, nice to meet you! Do you mean that my questions asked about timing issues with holiday gap, US & EU trading sessions and economic indicators release are irrelevant to the strategy ? becoz you will take the signal, say, on friday night, or right before the releases? Thank you!
You should of course take economic news, holidays and all the other common forex knowledge into account. Doing this, you will avoid many failed trades. What I'm saying is that you should stop adding "NEW" and "BETTER" technical indicators. We have enough of them, its just a matter of aligning them all together properly.

MACDoug, that is perfectly fine.
  • #1,816
  • Apr 14, 2008 2:20am Apr 14, 2008 2:20am
Bad week the last: -76 pips

Total since 10 march: +645
  • #1,817
  • Apr 15, 2008 6:47am Apr 15, 2008 6:47am
Quoting TheWicker
You should of course take economic news, holidays and all the other common forex knowledge into account. Doing this, you will avoid many failed trades...
Hi Wicker and others, may I know what should I do for the case if I get in by sell entry signal but the broker widen their spread a lot when I am ready to get out of market by exit signal ? Should I pay the big spread to get out as soon as I am break even or what ? Does it usually happen especially in news release period ? Thank you !
  • #1,818
  • Apr 15, 2008 6:58am Apr 15, 2008 6:58am
Firstly.... many Thank You's Wicker for this System

Is anyone trading this System on the 1min ?

if yes you are, are you using the same MACD & Laguerre settings ?

any information - learnings - observations on trading this great method on the 1min appreciated

  • #1,819
  • Apr 15, 2008 6:58am Apr 15, 2008 6:58am
Quoting TheWicker
You should of course take economic news, holidays and all the other common forex knowledge into account. Doing this, you will avoid many failed trades. What I'm saying is that you should stop adding "NEW" and "BETTER" technical indicators. We have enough of them, its just a matter of aligning them all together properly.

MACDoug, that is perfectly fine.
The system is graeat indeed, thank you for sharing it on the forum. I use it in its original setting as my trigger, on 5min as it has been designed. However I use other timeframes like 4hr and daily to get the perspective on the scale of larger degree, so at least I know when I travell in the direction indicated on a larger timeframe or against it.
Many thanks and best wishes,
2be
Make sure losses are small and profits are bigger!
  • #1,820
  • Apr 16, 2008 6:31am Apr 16, 2008 6:31am
Quoting deforexit
Bad week the last: -76 pips

Total since 10 march: +645
Thanks 4 letting us know the results of ur trades using this system. U hav re-ignited my commitment to this system. Can u pls post ur results 4 last wk. Thought bad, it could help some of us.
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