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5Min Intraday System

  • #301
  • Jan 26, 2007 9:13am Jan 26, 2007 9:13am
I like this sytem, It satisfies my need to day trade with a minimal risk. I also appreciate all of your responses and explainations. You did a better than most job posting wonderful example in charts.

EllisEdi Moving on to my next trade ...
  • #302
  • Edited 10:13am Jan 27, 2007 6:34am | Edited 10:13am
Quoting stefant
Yes, it's been so successful because of its simplicity to learn and effectiveness.

What's your next step on this forum?

I am about to introduce my 4 hour strategy which are just as simple as the 5 min one. I think we make it to difficult with to much indicators and stuff. Hope to see you on that thread in about one weeks time.
Greetings
  • #303
  • Jan 28, 2007 11:11am Jan 28, 2007 11:11am
Quoting dariuske
Hi Phil,

I have created an indicator for you that will hopefully help you not to spend too much time in front of the screen - waiting for the right conditions.
It should give you a signal that matches your conditions. (even the angle)

Just put the two files in your indicator folder to test it this week and let me know what you think of it.

Have fun.

Regards, Dariuske.

PS: I'm not using your system yet, but I will be looking into it the comming days.



hi, could some one tell me what i need to read the above files,
do i need to download something?
please and thankyou
  • #304
  • Jan 28, 2007 11:42am Jan 28, 2007 11:42am
Hi Phil,
let me express my biggest graditute and THANKS for sharing this method with us.
It is really quite easy to handle and that's what most of us look for, right ?

I am already looking forward to your 4H method you are about to post.

Thanks and regards,
Endy
  • #305
  • Jan 28, 2007 12:20pm Jan 28, 2007 12:20pm
Quoting barney
hi, could some one tell me what i need to read the above files,
do i need to download something?
please and thankyou


Just copy these two files to c:\program files\metatrader4\experts\indicators
and select the indicator menu in Metatrader and drag them onto your graph.
Good luck.
Attached File(s)
File Type: ex4 PhilNelSignals.ex4   4 KB | 1,781 downloads
File Type: ex4 SMAAngle.ex4   3 KB | 1,856 downloads
  • #306
  • Jan 29, 2007 10:40am Jan 29, 2007 10:40am
Quoting alamanjani
Phillip, thank you for sharing your system!

If anyone is interested, I've attached template with one indicator which could hopefully help with timing when exackly enter the trade.

Everything is the same, you follow Phillip's method as described. But once you are ready to pull the triger, then, in those seconds this template may help. Or may not - try it and see.

Indicator is G_MACD and it is coded to 1min interval. So while you are watching your 5 min chart, you can also with this indicator, placed on your 5 min chart, see underlying 1 min movements. Hence may be usefull.

I also added 4 times RSI with periods 2, 3, 4 and 5. It may help visually pinpoint the turn point.

Mario

P.s.
In case that this addition proves, not to be helpfull, I will denie that I've ever uploaded this template :

Thanks for your Indicator, very great and helpfull

Great work
  • #307
  • Jan 29, 2007 10:57am Jan 29, 2007 10:57am
Quoting Phillip Nel
Just copy these two files to c:\program files\metatrader4\experts\indicators
and select the indicator menu in Metatrader and drag them onto your graph.
Good luck.

Hi Phill,

Very nice and simple system, I have tested it and make pips.
I have question, are indicator by Alamanjani is the same as yours ?
which should I use ?

Thanks Phill
You're the Best
  • #308
  • Jan 29, 2007 12:21pm Jan 29, 2007 12:21pm
Quoting okabija
Hi Phill,

Very nice and simple system, I have tested it and make pips.
I have question, are indicator by Alamanjani is the same as yours ?
which should I use ?

Thanks Phill
You're the Best
I havent tested his indicator as I want it to be very simple. You can test it and maybe find some use for it. Just dont change the rules of the strategy then you will be OK.
  • #309
  • Jan 29, 2007 4:25pm Jan 29, 2007 4:25pm
Quoting Phillip Nel
Just copy these two files to c:\program files\metatrader4\experts\indicators
and select the indicator menu in Metatrader and drag them onto your graph.
Good luck.
thanks for helping phillip .
can i do this with the demo account
gb
  • #310
  • Jan 30, 2007 4:04am Jan 30, 2007 4:04am
Quoting barney
thanks for helping phillip .
can i do this with the demo account
gb

Yes you can
Therefore what??
  • #311
  • Jan 30, 2007 4:50am Jan 30, 2007 4:50am
Hi folks.

I have been demoing this system and really like it. I have a question though. Would the creator, or others trading this, have taken the following signal on the GBP? It seems to meet the requirements, although I understand this is a discretionary system, I am curious as to how agressively people trade this.

Thanks!! Scott
Attached Image
  • #312
  • Jan 30, 2007 8:25am Jan 30, 2007 8:25am
Quoting Phillip Nel
Here are a template.
Just extract it to c:\programf Files\MetaTrader 4\templates
Then at the right top you will find the Template Icon.
Open the EurUsd chart. Click the Template Icon and select 5minzone
Hi Phill,

Thanks for answering my question, I have another newbie question, How to read / analyze the SMA angle ?
Correct me if I'm wrong, The green line is the MA 50, and the three yellow line (0,0 and 0,1 and -0,1 are the degree ?) so if the bar chart (green) more than the 0,1 or -0,1 line it mean over 20 degree ?
and if the sound / pop up alert is splash, it mean the criteria of your methode is met ?
I have make +8 pips today from your methode...

Thanks again for sharing this simple and profitable method
  • #313
  • Jan 30, 2007 9:23am Jan 30, 2007 9:23am
Quoting barney
thanks for helping phillip .
can i do this with the demo account
gb
Yes you can
  • #314
  • Jan 30, 2007 9:27am Jan 30, 2007 9:27am
Quoting okabija
Hi Phill,

Thanks for answering my question, I have another newbie question, How to read / analyze the SMA angle ?
Correct me if I'm wrong, The green line is the MA 50, and the three yellow line (0,0 and 0,1 and -0,1 are the degree ?) so if the bar chart (green) more than the 0,1 or -0,1 line it mean over 20 degree ?
and if the sound / pop up alert is splash, it mean the criteria of your methode is met ?
I have make +8 pips today from your methode...

Thanks again for sharing this simple and profitable method
Yes, but one must not be to mechanical. Look at the samples on the thread to see how the setups look like.
  • #315
  • Jan 30, 2007 10:12pm Jan 30, 2007 10:12pm
Quoting SoFlPippin
Hi folks.

I have been demoing this system and really like it. I have a question though. Would the creator, or others trading this, have taken the following signal on the GBP? It seems to meet the requirements, although I understand this is a discretionary system, I am curious as to how agressively people trade this.

Thanks!! Scott
Following on from this question (and would love to hear the answer, though I suspect it would be a no trade because price has crossed the 50sma), I had a situation around the same time where the 5M chart was showing something similar, but the 15M chart was giving a short signal now, and the 1H was giving a long signal. That led me to total confusion, and I decided to not take any trades (albeit them being demo. Am trading this way very serious with demo to mimick reality as close as possible).

Clarification on this point would be much appreciated.

Regards,
K.
  • #316
  • Edited Jan 31, 2007 9:13am Jan 30, 2007 10:26pm | Edited Jan 31, 2007 9:13am
Quoting kermut
Following on from this question (and would love to hear the answer, though I suspect it would be a no trade because price has crossed the 50sma), I had a situation around the same time where the 5M chart was showing something similar, but the 15M chart was giving a short signal now, and the 1H was giving a long signal. That led me to total confusion, and I decided to not take any trades (albeit them being demo. Am trading this way very serious with demo to mimick reality as close as possible).

Clarification on this point would be much appreciated.

Regards,
K.
The 50SMA is OK therefor a trade signal is given. The 10EMA is still however below the 50SMA. One can take the trade as the move is strong. I would have it passed as the two fast MA's are not above the 50SMA and widening
  • #317
  • Jan 31, 2007 6:16am Jan 31, 2007 6:16am
well i actualy havent read all thethreads but i tested this system on a live account last nite on eur/usd i made 6trades which i got 4of them with profit of 5-6 pips and 1loss of 8pips and the last one 17pips profit and i think i realy like that SYSTEM i add fibo on my chart but you dont realy need it i just like to have some extras on my charts YOU DID VERY GOOD JOB WITH YOUR SYSTEM I WILL KEEP USING IT AND I LL KEEP YOU UPDATED WITH MY RESULTS

thanks again
  • #318
  • Edited 3:46am Feb 2, 2007 3:30am | Edited 3:46am
Hi Phillip,
it looks that this indicator has expired.
it was pretty cool to have it attached on chart.
May you/anybody share unlimited version with us?

Thanks in advance,
--snoopy
  • #319
  • Feb 2, 2007 3:41am Feb 2, 2007 3:41am
to all
Any backtest/forwardets/realtrading results to share? I will be back testing this system during weekend. It would be nice to have results from other people to compare.

--snoopy
  • #320
  • Feb 2, 2007 7:30am Feb 2, 2007 7:30am
Hi snoopy,

the new unlimited indicator is here in the thread, i have it in use.

And i trade with the system the lask week, the result is very well, but i don`t write it down.

But i can say, i have only one or two false trade, the rest was great.
I set the indicator angle to 0.22 and it give nice signals too.

Cheers and Sorry for bad english.
Mobsie
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