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Trend Follower 5 Minute System

  • #2,141
  • Sep 24, 2008 4:19pm Sep 24, 2008 4:19pm
Quoting Verto
Personally I wouldn't take this trade. I think it is a valid signal, but there are other factors coming into play. For one the market has been in a ranging mode for the past two days, so I'm not so confident that our system is running at 100%. The lines aren't really going in the same direction... per say... they are going ... sideways, but green is trying to invade red's space.

So, while it might be a valid signal I wouldn't take it. I've found that massive candles either don't work out or they retrace hard then turn favorable.

thanks for comment
of course no 100% system but what i want to stress on is the validity of the setup
so from your comment , i see it is valid
  • #2,142
  • Sep 25, 2008 2:16am Sep 25, 2008 2:16am
Hi all
this is my short trade on USD JPY
it was a nice one
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  • #2,143
  • Sep 25, 2008 2:58am Sep 25, 2008 2:58am
what adviser is a worker?
  • #2,144
  • Sep 26, 2008 1:45pm Sep 26, 2008 1:45pm
Hi all,
I hope to see cooperation here as to send trades and setups

today i did not find any valid setup the whole day
except now,
i think this short on USD CAD is valid
I will demo it (for fun and learning)
c u all next week
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  • #2,145
  • Sep 26, 2008 2:47pm Sep 26, 2008 2:47pm
I took this E/J signal at the green line with half my normal account % at risk (1%) since it was still rather early. I then doubled that position bringing risk to 2% with the second valid signal at the second green line and exited at the yellow. Have a good weekend all.
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  • #2,146
  • Sep 26, 2008 8:38pm Sep 26, 2008 8:38pm
thanks for share, this one looks promising
  • #2,147
  • Sep 28, 2008 1:12pm Sep 28, 2008 1:12pm
Quoting mhemam2005
Hi all,
can this trade be valid signal sell on EJ
what makes me worry is:
1- the green is mixed with the red
2- the candle of the alert is long and start above the guppy ( the lined candle)
What about the fact that the market is not trending at all either and probably in a channel ?
  • #2,148
  • Sep 28, 2008 2:59pm Sep 28, 2008 2:59pm
Quoting Willowgal
What about the fact that the market is not trending at all either and probably in a channel ?

Hi bro,
so u mean u add trends and channels to the method?
can u explain to me how exactly u determine that market is trending?
thanks again...
  • #2,149
  • Sep 28, 2008 11:24pm Sep 28, 2008 11:24pm
Hi ALL!!!

Just finished reading all 144 pages of this thread and think IT WAS REALY WORTH of doing so.

First of all HUGE thank you to:
TheWicker who created and shared this system completely for free (not something usual you can see this days) and all contributors... pmurfin, wiker, jimdandy, thunderwolf and so many others who by questioning made this system so good.

I can see the thread itself lost some steam but there are still people in here who are willing to shere their knowledge and experience with "trend follower" and forex itself.

Cant wait to start taiding it and see how it works in "real time" trading.

See you all in London and happy green pips to every each of you!!!
  • #2,150
  • Sep 29, 2008 9:31am Sep 29, 2008 9:31am
anyone seen some valid and good tade today...? gmma is way to expanded to trade, isn't it? or did I miss something?
  • #2,151
  • Sep 30, 2008 12:33am Sep 30, 2008 12:33am
Quoting hff
Hi ALL!!!

Just finished reading all 144 pages of this thread and think IT WAS REALY WORTH of doing so.

First of all HUGE thank you to:
TheWicker who created and shared this system completely for free (not something usual you can see this days) and all contributors... pmurfin, wiker, jimdandy, thunderwolf and so many others who by questioning made this system so good.

I can see the thread itself lost some steam but there are still people in here who are willing to shere their knowledge and experience with "trend follower" and forex itself.

Cant wait to start taiding it and see how it works in "real time" trading.

See you all in London and happy green pips to every each of you!!!
Arm yourself with patient and discipline. Patient is esential for this system.
  • #2,152
  • Sep 30, 2008 3:13am Sep 30, 2008 3:13am
Hi all....wondering if anyone uses this live and cares to share how they are doing long term....i see the thread has slowed down from earlier days which can mean many things....it work sand people no longer need to post so much as busy trading......it doesnt work and they have gone away....or they havent had discipline to make it work...
Any comments from live users over a few months would be gratefully received.
thanks
  • #2,153
  • Sep 30, 2008 4:19am Sep 30, 2008 4:19am
Quoting Topgun
Hi all....wondering if anyone uses this live and cares to share how they are doing long term....i see the thread has slowed down from earlier days which can mean many things....it work sand people no longer need to post so much as busy trading......it doesnt work and they have gone away....or they havent had discipline to make it work...
Any comments from live users over a few months would be gratefully received.
thanks
My expirience is that my account is around zero. Sometimes I win soemtime I loose. But my MM was bad during last few months. When I make backtesting ,I get very good results. So, system is ok problem is in my discipline and patient. Good signal are very rare. Valid signals occur much more timen but that doesnt mean they are good. So sometimes I loose patient and I enter on valid signal but not good one.
Same old story, greed and fear play big role like on every other system.
  • #2,154
  • Sep 30, 2008 5:06am Sep 30, 2008 5:06am
Quoting pilatus
My expirience is that my account is around zero. Sometimes I win soemtime I loose. But my MM was bad during last few months. When I make backtesting ,I get very good results. So, system is ok problem is in my discipline and patient. Good signal are very rare. Valid signals occur much more timen but that doesnt mean they are good. So sometimes I loose patient and I enter on valid signal but not good one.
Same old story, greed and fear play big role like on every other system.
This system definitely requires a lot of patience. If you jump in and out of every movement as to when to exit, you will definitely not do so good.... With this system, you will definitely see many PIPs being given up only because you are looking for high probability trades. Just remember, this system like many others depends upon lagging indicators. Awhile back I had posted, how can one just sit there and watch over 90 PIPs being given up only because the system rules were not met.
  • #2,155
  • Sep 30, 2008 5:22am Sep 30, 2008 5:22am
Quoting et_phonehome_2
This system definitely requires a lot of patience. If you jump in and out of every movement as to when to exit, you will definitely not do so good.... With this system, you will definitely see many PIPs being given up only because you are looking for high probability trades. Just remember, this system like many others depends upon lagging indicators. Awhile back I had posted, how can one just sit there and watch over 90 PIPs being given up only because the system rules were not met.
Can you give me number of that post please???
  • #2,156
  • Sep 30, 2008 2:57pm Sep 30, 2008 2:57pm
I guess I misstated it to give you the impression that there was an answer. I had questioned how can one watch 90 PIPs being given up while waiting for the signal, of course, it did turn around after 90 PIPs going in the direction of the trend. There is no answer to that comment especially if you are following the rules of this system. As you know, with all lagging indicators, you will not get a signal unless the move is so dramatic and enough bars have passed that the lagging indicators reflect that change.

I have not had the time to see if any of the other systems showed the trend change on a 5M TF.
  • #2,157
  • Oct 1, 2008 1:27am Oct 1, 2008 1:27am
For those who are still wondering why is important that guppy must be contracted for good signal, this example says 1000 words.
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  • #2,158
  • Oct 1, 2008 6:50am Oct 1, 2008 6:50am
Quoting pilatus
For those who are still wondering why is important that guppy must be contracted for good signal, this example says 1000 words.
yeah, the chart indeed tell 1000 reason on why we should stick with the general rule of this 5mins trading system. But as a newb, i must admit that i always tend to lost my patient and entering at the wrong timing..this is a powerful system indeed, thanks the wicker for sahring this, thanks pmurfin on the effort in coding the systm, pilatus and others that gives lots of insight & advise..i am currently losing but i belive as long am keep on moving and learning i'll eventually arrive. wish me luck & patience cheers!
A man with a DREAM will not be denied - L . Carrilo
  • #2,159
  • Oct 1, 2008 7:38am Oct 1, 2008 7:38am
HI this is my Gu chart (+GMT 8.00) seems a valid short entry for me. is it?
Attached File(s)
File Type: doc GU.doc   82 KB | 650 downloads
A man with a DREAM will not be denied - L . Carrilo
  • #2,160
  • Oct 1, 2008 9:31am Oct 1, 2008 9:31am
pretty much noone is going to look at a word document in a web based forum. please study how to attach simple screenshot images to posts.
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