5Min Intraday System | Page 236 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex intraday using the 5min chart: EURUSD 108 replies

The Force 5min system 3,806 replies

Intraday Pound Trades on 5min chart [GBPUSD] 36 replies

5min Bollinger breakout system 42 replies

Attachments: 5Min Intraday System
Exit Attachments

5Min Intraday System

  • #4,701
  • Jul 4, 2008 8:37am Jul 4, 2008 8:37am
thanks guys for your replies, still got some studying to do on this method, only began looking at it today!
  • #4,702
  • Jul 4, 2008 8:45am Jul 4, 2008 8:45am
I think that I know why it didn't work. I will not use the smaangle for the moment and I will further test the MACDcoloredv102 to see if I really need it. I want to keep my set up as simple as possible. Too many indicators would make the set up less visible and ultimately stagnant. I would like to chat with you sometime, but I have to go to work in 30 min. See you later

Quoting Golfer
Did you follow my instructions as stipulated in the Appendix (how to build the Smangle)? Otherwise lets have a private Skype chat later today and I'll help you.
  • #4,703
  • Jul 4, 2008 8:47am Jul 4, 2008 8:47am
Here are my templates for EUR (0.1 & -0.1 on SMAngle) and EY (0.15 & -0.15 on SMAngle)

Lets try it this way - just save the templates in your MT4 platform.

Make sure you do have the SMAngle indicator downloaded and save in the correct folder of your MT4 platform.

Usually found in the "c: Program file" folder.

Save it in your "template" folder.

Close your MT4 platform and re-open it again.

Open a 5min chart of your choice, click on "template" icon of your MT4 platform, several options will appear.

Just click on the template you want to use on that chart.
Attached File(s)
File Type: tpl 5min phillip intraday eur 20080616.tpl   24 KB | 624 downloads
File Type: tpl 5min phillip intraday ey 20080616.tpl   38 KB | 588 downloads
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,704
  • Jul 4, 2008 7:39pm Jul 4, 2008 7:39pm
Hi Golfer,

Thank you very much for the templates. I have the impression that I will not need the MACDcoloredv102 and the smaangle for the way I want to trade Phillips system. I am not saying that those indicators are not good, they are very useful for the way you trade Phillips system but they don't offer the same results for my set up. The reason for this difference lies in a different set up that I use for my trading style that includes CT's and trading in all market conditions including those times when the candles move around the 50 sma like a serpent in search for a new trend. I do refer to times where we have an acceptable volatility but not a well defined trend. If I trade according to the above indicators I would have to take only specific set ups into account and that would create a conflict with the set ups that I intend to trade. If therefore I trade according to my set ups, those indicators become obsolete and useless. I'm sure that you understand what I'm trying to say. I repeat that those indicators are great for a certain set up but if you add something different into Phillips system, the picture changes and the set ups must change accordingly. I'm new to MT4 and there is much that I have to learn about it. My broker doesn't offer the MT4, I have therefore to use a demo MT4 for my system. I've traded futures in the past and I'm now trying to adapt myself to forex. You may now understand why I need some time to get my system up and running. It may interest you that my system (add on) works on any time frame and not only with forex. Once I finish all my tests, everything should become clearer. I'm happy that I've found someone like you here and I hope that your collaboration continues in the future.
  • #4,705
  • Jul 5, 2008 3:07am Jul 5, 2008 3:07am
Quoting On the Spot
Hi Golfer,

Thank you very much for the templates. I have the impression that I will not need the MACDcoloredv102 and the smaangle for the way I want to trade Phillips system. I am not saying that those indicators are not good, they are very useful for the way you trade Phillips system but they don't offer the same results for my set up. The reason for this difference lies in a different set up that I use for my trading style that includes CT's and trading in all market conditions including those times when the candles move around the 50 sma like a serpent in search for a new trend. I do refer to times where we have an acceptable volatility but not a well defined trend. If I trade according to the above indicators I would have to take only specific set ups into account and that would create a conflict with the set ups that I intend to trade. If therefore I trade according to my set ups, those indicators become obsolete and useless. I'm sure that you understand what I'm trying to say. I repeat that those indicators are great for a certain set up but if you add something different into Phillips system, the picture changes and the set ups must change accordingly. I'm new to MT4 and there is much that I have to learn about it. My broker doesn't offer the MT4, I have therefore to use a demo MT4 for my system. I've traded futures in the past and I'm now trying to adapt myself to forex. You may now understand why I need some time to get my system up and running. It may interest you that my system (add on) works on any time frame and not only with forex. Once I finish all my tests, everything should become clearer. I'm happy that I've found someone like you here and I hope that your collaboration continues in the future.
No problems - I do believe in the fact that each trader has his/her own personal style. It is seldom that a copy cat method is working.

Go for it and make it happen for you.

See you next week on the thread and/or Skype chat
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,706
  • Jul 6, 2008 5:33pm Jul 6, 2008 5:33pm
Problem with smangle resolved

Quoting Golfer
Here are my templates for EUR (0.1 & -0.1 on SMAngle) and EY (0.15 & -0.15 on SMAngle)

Lets try it this way - just save the templates in your MT4 platform.

Make sure you do have the SMAngle indicator downloaded and save in the correct folder of your MT4 platform.

Usually found in the "c: Program file" folder.

Save it in your "template" folder.

Close your MT4 platform and re-open it again.

Open a 5min chart of your choice, click on "template" icon of your MT4 platform, several options will appear.

Just click on the template you want to use on that chart.
  • #4,707
  • Jul 7, 2008 1:58am Jul 7, 2008 1:58am
hi golfer

the templates submitted are good to visualise the trade setups right?

adrian


Quoting Golfer
Here are my templates for EUR (0.1 & -0.1 on SMAngle) and EY (0.15 & -0.15 on SMAngle)

Lets try it this way - just save the templates in your MT4 platform.

Make sure you do have the SMAngle indicator downloaded and save in the correct folder of your MT4 platform.

Usually found in the "c: Program file" folder.

Save it in your "template" folder.

Close your MT4 platform and re-open it again.

Open a 5min chart of your choice, click on "template" icon of your MT4 platform, several options will appear.

Just click on the template you want to use on that chart.
  • #4,708
  • Jul 7, 2008 2:27am Jul 7, 2008 2:27am
Quoting adrianebn
hi golfer

the templates submitted are good to visualise the trade setups right?

adrian
Those are the templates I am using for this 5min system - my charts that you see on this thread (those are the templates).

Now it is up to you to identify your high probability setups.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,709
  • Jul 7, 2008 3:29am Jul 7, 2008 3:29am
Hi all!
I think its time for me to post some charts.
I've been watching MACD TC formation for about 5month. And think, I'm getting use to it. I would really appriciate if you could comment on my charts.
I've already said that, but want to say again: Thanks Fhillip and Golfer.

Today was good day for 5min system.
I took second and third setups. The other two setups were also good ones, imho
I put arrow on candle where i entered or would have been entered.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 8'.usdjpy 7july.gif Size: 23 KB
Click to Enlarge Name: 9'.gbpusd 7july.gif Size: 23 KB
Click to Enlarge Name: 10.usdjpy 7july.gif Size: 25 KB
Click to Enlarge Name: 12'.gbpusd 7july.gif Size: 24 KB
  • #4,710
  • Jul 7, 2008 3:45am Jul 7, 2008 3:45am
thanks for your reply & info sharing

adrian

Quoting Golfer
Those are the templates I am using for this 5min system - my charts that you see on this thread (those are the templates).

Now it is up to you to identify your high probability setups.
  • #4,711
  • Jul 7, 2008 3:52am Jul 7, 2008 3:52am
Quoting Sher_net
Hi all!
I think its time for me to post some charts.
I've been watching MACD TC formation for about 5month. And think, I'm getting use to it. I would really appriciate if you could comment on my charts.
I've already said that, but want to say again: Thanks Fhillip and Golfer.

Today was good day for 5min system.
I took second and third setups. The other two setups were also good ones, imho
I put arrow on candle where i entered or would have been entered.
Nice trades !
Welcome back.
  • #4,712
  • Jul 7, 2008 4:05am Jul 7, 2008 4:05am
Quoting Sher_net
Hi all!
I think its time for me to post some charts.
I've been watching MACD TC formation for about 5month. And think, I'm getting use to it. I would really appriciate if you could comment on my charts.
I've already said that, but want to say again: Thanks Fhillip and Golfer.

Today was good day for 5min system.
I took second and third setups. The other two setups were also good ones, imho
I put arrow on candle where i entered or would have been entered.
Hi Sher

Tx for posting the charts. Yes it was a perfect day for the 5min system. All kind of setups and signals - and all of them so clear. You don't get them better than today. Today was a day to collect the pips - setups so familiar and calling you (you don't need to look for setups).

WOW - I am not even going to comment on your charts. All textbook stuff.

Well done - I looked at the last trade on cable but I was too afraid for a turn around. Like I said - trust the system and your signals.

I took only one trade - one on EY because that run of the EY was so typical. I've seen it several times now - running all along the 21MA in small candles. Beautiful

Welcome back.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #4,713
  • Jul 7, 2008 6:36am Jul 7, 2008 6:36am
Why is your Angle Treshold 0.22 instead of 0.15?

Quoting Sher_net
Hi all!
I think its time for me to post some charts.
I've been watching MACD TC formation for about 5month. And think, I'm getting use to it. I would really appriciate if you could comment on my charts.
I've already said that, but want to say again: Thanks Fhillip and Golfer.

Today was good day for 5min system.
I took second and third setups. The other two setups were also good ones, imho
I put arrow on candle where i entered or would have been entered.
  • #4,714
  • Jul 7, 2008 7:01am Jul 7, 2008 7:01am
Can this be done on 1 min charts as well ? thanks Walter.
{Promotion Removed}
  • #4,715
  • Jul 7, 2008 7:27am Jul 7, 2008 7:27am
I've been looking at the smangle this morning and I'm not that much impressed by it. It works well for a very conservative approach to Phillip's system but it cuts out a good number of pips that can be reaped by having a different approach to price action. I've sorted out all my technical issues and I'll start to post some charts with comments. The add on will be ready in 1 or 2 weeks and I'm sure that it will be a bonus for all of us, no matter what trading style each one of us adopts.


Quoting Golfer
Hi Sher

Tx for posting the charts. Yes it was a perfect day for the 5min system. All kind of setups and signals - and all of them so clear. You don't get them better than today. Today was a day to collect the pips - setups so familiar and calling you (you don't need to look for setups).

WOW - I am not even going to comment on your charts. All textbook stuff.

Well done - I looked at the last trade on cable but I was too afraid for a turn around. Like I said - trust the system and your signals.

I took only one trade - one on EY because that run of the EY was so typical. I've seen it several times now - running all along the 21MA in small candles. Beautiful

Welcome back.
  • #4,716
  • Jul 7, 2008 8:42am Jul 7, 2008 8:42am
10 pips for this trade. The entry was on the breakdown candle.
Attached Image
  • #4,717
  • Jul 7, 2008 9:12am Jul 7, 2008 9:12am
This was an earlier trade on cable, stopped out for 15 pips.
Attached Image
  • #4,718
  • Jul 7, 2008 11:07am Jul 7, 2008 11:07am
5 trades today, +15pips total.
On most trades I took partial profit and tried to let the other half run.
Mostly because I took early profit on the first half and wanted to give the second half a chance to reach target. I felt a bit unconfident with the trades today.
Attached Images
  • #4,719
  • Jul 7, 2008 12:56pm Jul 7, 2008 12:56pm
Hello everybody!

ok here is a trade i took on Gu today, it's kind of strange as it has nothing to do with the signals that this system aims to exploit, but ofcaorse this 5 min system led to the trade...

so why did i do it? well, today was a real good day at the office with 5 consecutive positive trades through the system i felt i could afford to play around a bit..

so here is the trade;

http://i81.photobucket.com/albums/j2...us/entry-2.gif

so what prompted me to take the trade?

well the first thing was the higher lows visible on the chart, on the SMAngle and the MACD (the grey rectangles drawn on the chart show them)

(flashback: even before i implemented the system properly i was always curious to know when and how can i ride the major 5 min trends defined by the MA's used in this system)

next i scrolled back in hiostory to see how do the trend actually develop into full time trends, i noticed that it often happens if candles close with authority over our major SMA that is the 50 SMA. i found some other reasons to be very important signals too like higher/lower lows/highs like in this case...

although i had never tried it before the fact that i had some pips in the bag already and that the setup was there to be had i took the trade (and yes it was not according to any entry rules of this system) so far it really has been doing good.

my only concern is that i mistook the trade a bit and lost some pips there i eneterd at the blue circle when i saw a green anuthority candle close over the 50 SMA. the price did retrcae a bit to the support line (i think a trade here was the right to way to go abt it) but anyways so far it does look to be a solid trade, ofcaorse i am closely following the market rythm Golfer and Phillip talk abt very often, and i am moving my stops along the previous lows like i should though i now have set a trailing stop of 25 pips as it is bed time for me and i can't be around to monitor it for long.

so why the heck i am bragging abt all the pips i made? just for you guys to know that there may be a new branch evolving around in the system, I know that the system has clearly been improved since the first time Phillip posted it so maybe this could be just another addition to it where we look to ride the full trends from top to bottom, though i agree it's going to be an aggressive way of thinking but atleast so far it is working...so i decided to post this up for all of us to look into and see if we can define some specific rules of such an entry to maximise pips.

Regards,
Ghous
I believe . . .
  • #4,720
  • Jul 7, 2008 1:32pm Jul 7, 2008 1:32pm
A picture of My 3 big brothers trade as requested on Skype chat.
Attached Image (click to enlarge)
Click to Enlarge Name: 200800707 5min trade 2.1.JPG Size: 111 KB
Willem Forex recipe for success = Patience, discipline & hard work.
2 traders viewing now