Trend Follower 5 Minute System

The system is interesting.
why this thread becomes inactive?

Well, incredifx, most people here are looking for EA holy grail which will trade automatically and dont want to discuss about signals and trading at all. But if you want I am willing to discuss about everything. If you have time I recommend you to read the whole thread and even TheWickers blog where is whole explanation of this system.
Have a nice day!

pilatus,

I've just found this thread a few hours back and printed out the notes from TheWickers blog. I've found this system is good, logical and it's well explained. As for whether this system has the edge to weather any market environment I need to prove it myself.

I'll start reading it from today and I'll post a few demo trades.
Hope you'll enjoy my journey learning to understand this.

thanks.

I have been working 8 months now non-stop on a good strategy.
It equals this strategy actually. Only I use different indicators to get my entry point. Started rougly the same as Wickers with those indicators.
They will give 1-2 signals a day ... 30TF to my findings is the best.
The exit point it the hardest part to figure it out.
So I have been playing and getting to the final stages. When I trade manually I use this system, I risk 15% of balance only one trade at the time. S/L 25 when it goes against you you have to let go. I put the S/L in when placing the order. So no escape possible. LOL ... Believe me happens 1-2 times out of 10. So don't worry about 50 pips.
There are risks in forex and if you can't live with it ... get back to work.
In 3 months testing and finding the right parameters for EACH pair. Believe me they all behave differently. So if you want to maximize profits you have to work for it. Export all data into Excell similate the past week, analyse the spikes. Moving averages in all the timeframes and so.
That is a lot of work but will make 200-300 pips difference. And there are always trades not as good.
People are greedy and like vultures, they smell something for free and want it served for them on a silver platter.
I really get an upset stomach when I see some posts here. What are the best setting ... I missed a trade ... there was a trade of 20 pips and it did not give a signal.
Think !!!! it only trades 2-3 times this system, depending on the market conditions. Sometimes 4-5 or more you cannot tell in advance. So if you sit the whole day at your screen counting lost pips. Then you will loose always at the forex markets. Let those 20 opportunities of 20 pips pass. Take those of 150-200 and put 15% of you balance on. Your account has 20% profit in one day. What are you guys going on about 20 pips.
That is the fault of the most traders ... being greedy and want to grab everything that passes by.
By yourself a scalper EA, there are brokers who allowed it. Then you can sit all day watching 5-15 pips trades passing by.
Reading this whole thread not like many here where can I find this ... all comes down to the silver platter AND FREE PLEASE.
Well I tell you Wiper had shared it. He also spended months putting it togheter. If you now how the indicators work you also now how to combine them. Don't cut short like he said everything was done on paper.
I agree with him, I have an Accounting degree. There where computers to learn statistics and so. But not for accounting! We all made complaints, we have our diploma and can't do any bookkeeping/accounting on the computer.

I tell you one thing being a Belgian guy during the 2 last years of studying the BIG company's came to hire you while you where still at school. Why because we are the best available of Belgium. Lots of friends they laughed when I went to school while they where getting the same study computerised. I got to hire them later to work for me. I was lucky and became the Master Accountant of a company with 850 people working.
Believe me I was terrified the first days at work.
But my advantage was I knew exactly in the whole accounting system if it did not add up where the fault was. There are methods of calculating if in a total sum of numbers to see if there is an reversed number been written down. Tell me how many people who can find it. None of the whole department (12 people) they spend hours before coming to me we can not find the fault. Can't we just make a correction booking. NO! Took me 10 minutes without computer.
That;s why I was the Master Accountant. I knew everything who it correlates and if something is wrong where to go for it. Working with computers, people don't know anymore what happens when they put one figure in the system. If everthing is perfect it all adds up. Balance OK!
At the end of the month Balance not OK and all 12 did not know where to even start looking.
I was harsh to my staff and forced them to do things manually. So they would understand what they are doing. Also job-rotation every week move position around. Some of them went to a union. They all stayed working, after 2 years everybody could do any job within the accounting. And geuss what. I had spare time for other things. They finally where a competent team! How.... starting from scratch... going back to the roots whatever you want to call.

Same goes for Forex, look at the code it is simple. Not to program because of syntax and other rules that apply. But if you now what the EA does. You know how it will reacts under certain markets conditions.
So you can make a sound decision either pull out or stay in the market.
If you don't know all parameters involved. You will loose money!!!!!!
Even with the best EA served on a platter.
Why go the people with 5bln accounts to a broker? Who's asking 20% cut!
Because he makes more money with paying that 20%, and all greedy vultures will loose at the end. You can read in may forums 90-95% here at forex will loose only 5% will make it. Those 5% have to knowlegde or gained it. By working on it. Not chasing free holy grails.

To Wicker I can tell you ...your system is perfect for entry .. do never doubt that. the exit is something else. But you only do 6 pairs + 1, I only do 1-2 pairs + the same one :-)... That's the holy grail. Now I spend 8 months working my ass of the find a strategy that really under automated conditions takes the maximum of pips that there are. If in theory there are 100 pips in a certain trade, I will have 80 pips of them. While sleeping as a matter of speeking. This took me 8 months ... and don't PM or begg.
You know the answer, you gonna have to work your butt off to get there!
And Wicker will know how much I make... others will have to start calulating or make a spreadsheet because they can't calculated anymore.

But I put it on a platter .. since all of you like it easy and served for free!
You have 1000$ not much and take 1 lot. Does not matter what pair you take the pip value is irrelevant. Get out at 10% capital gain. Takes you 5 minutes. You all have the EA, you all want it to mail, mail to text message and so on. If you watch the market half an hour several pairs. You know the pairs for that day that will work for you. You end it with 1-3 you watch closely (+ the 1). I know THE ONE costs you 100 PIPS. But in the morning after one hour observation you know where it is heading. If you trade gold you know. 1 trade of 1 lot out of you 1000$ account at 170$ per pip gaining 800-900 pips without retracement.
So up to you guys watching 20 pips trades .. they are good to get out if it goes against you. Do not trade on 5 15 charts .. you go crazy. Take 30 60 if you think you will make more money.

As for all you reading here. I do not share my strategy .. realy sorry about it. Nor will I make it commercial. Still working on it for myself, so it is like my baby and I know the EA from A till Z. With this in mind I have a sound sleep.
I don't go crazy looking back .... 20 50 124 265 pips not traded ...
Look here 1 trade it raised my balance with 10% overnight. And no open orders floating!!!!!!!! Jesus I'm a very happy man!
Make the calculation at 10% per day ... sometimes when lucky 2-3 trades... say average 15% a day AND THIS REAL.
That is 2000 at the end of week 1 at the end of the month ...16000+
I'm not looking at a 20 pip trade or nagging to Wicker saying it seems to miss trades ...
They flamed at him (read all what is written about this subject) for saying somewhere a very high percentage.
Seen the strategy ... it does make 1000 to 16000+ in ONE WEEK. I think Wicker will confirm this.
You wanna have this served for FREE on a silver platter ..... come on guys 8 months day and night it has cost me.
Who is paying me 8 months???? Right ... no offers ... no deal! AS you guessed. Learn the market and analyse it.
You will find the answer one day!!!! Then I wanna talk to you after spending 16-18 hours a day months in a row.
And wanna ask you if you would like to share it.... for FREE of cours!
Look and you shall find .. I think that was somewhere in bible....on ld fashioned paper ... no e-book LOL

So to all of you here ... the strategy is perfect. Remember learn the behaviour of the indiators .... analyse all your orders write down what you think. For each of the orders. Then start playing with the parameters of the indicators. Instead of asking in a forum the lasy way. It all goes well when you get the feedback .. one day feedback gone .. and you're crying as a baby. Lost .. no knowlegde ...you are then in that 95% zone.

Ventilated my heart (I know), but now and then some people have to be reminded .... SIMPEL RULE do NOT start automated trading unless you MASTER and UNDERSTAND the manual trading.
First a bikecycle then motorbike > car
Skip the bikecycle and jump on the motorbike ... fine.

Happy trading guys and don't forget to look down for every pip!!!
Heads up....

What are you trying to say here?
There's no perfect strategy...

Serge!
Can you tell us please what is purpose of your last post? Are you trying to say that you have EA that is gaining you 100% per week?? If it does, what do you want to achieve by posting here? Boasting yourself because you think that you find a holy grail? It is not fair form you to post things like this towards the WIcker.
"It equals this strategy actually. Only I use different indicators to get my entry point" and in the middle of your speech you say "To Wicker I can tell you ...your system is perfect for entry .. do never doubt that. the exit is something else. "?? Once you say that entry points are perfect and once that you have differnet??
What is the purpose to post here if you dont want to tell us your strategy? If you are posting here because you want to cure your frustration and think that you have something that others dont, just go on, will read it with pleasure..
Have a nice EA day!

I'm glad that I wasn't alone. I felt that I wasted my time printing and reading that post. Its English is even awkward.

serge50,

I thought you would contribute something positively but I'm lucky didn't complete reading your rubbish.

To serge50
I read your post but it was pretty difficult for me to understand.What is your
essence of your post? Is it "Do not depend on other people, you're on your own",right?
If you can increase your account 10% a day as you said,you are already
incredibly rich man.So I think sharing your strategy will not hurt your stable
situation.Don't you think so?

It looks like Serge50 has lost his will to write about this system!!

Hi Incrediblefx,
How's the system working for you so far?
Mind posting some trade for us newbies to the system?

Thanks
Houston

Hi Houston,

I'm a little busy so far with smaller timeframe trading which is similar to this one.
http://www.forexfactory.com/showthread.php?t=52515


I feel, the 5 minute timeframe was well formulated.
It's just personal obsession with scalping the market hence I'm looking for a shorter timeframe.

Here is good enter for today! Wicker I hope that you agree with that!!

good to see someone updating this thread.

I still haven't completed reading through.

Hi guys,

as far as i understood the exact signals, you should have a laguerre cross too. So no this would not be a valid signal because the Laguerre isnt below 0.75.

I wrote an EA to backtest the signals, the resuslts arent very good. The EA trades if the rainbow is in order, the laguerre crosses, the macd is in our favour and the ma crosses. If this happens in the bar before we take a trade.

Have fun, the indicators are somewhere around here, maybe u have to adjust the code a bit for the custom name of the indicator.

Schwegi thanks for your opinion for signal. On this picture we have good signal where lag is below 0.75. SO this is another confirmation how broker quotation are diferent and how that qoutation has influence on indicators manifestation. First doubtful signal is from IBFX and second one is from original MT4 platform. Just want to alert people that is maybe usefull to check another broker than pass the good signal and a good trade like this one, just because indy does not show proper signal at some brokers charting platform.

Well i think i have to do a new version. Im sorry you are right. "All the criteria must be met at the bar with signal or one after! ". So your signal would be valid. The EA trades only if all 4 Conditions are given at 1 bar

I downloaded your EA but it want work, I mean after testing I can not see results, on journal I have entry erors. Can you tell me please what to do??
EXamples of signals which I posted are for newbies to see what kind of signals are the best.

Ok i made a new version. The EA will now take trades if the conditions are met at the bar or 1 bar after the cross. Have fun

Pilatus try this version. Maybe there are some errors from the trailing stop because i have no expiration time.

This one is ok! Thanks! I will try to do something even I dont believe in EA trading!