Trend Follower 5 Minute System | Page 110 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 HD system (trend follower) 3 replies

Journal for Trend Follower 5 Minute System 9 replies

Trend Follower System Programming 4 replies

A good EA trend follower? 2 replies

trend follower system templates and indicators an issue 5 replies

Attachments: Trend Follower 5 Minute System
Exit Attachments

Trend Follower 5 Minute System

  • #2,181
  • Oct 6, 2008 12:20pm Oct 6, 2008 12:20pm
THanks Pilatus for the explanation, I am not an expert on this patform, so it can help me also.
  • #2,182
  • Edited Oct 7, 2008 5:00am Oct 6, 2008 11:35pm | Edited Oct 7, 2008 5:00am
Hello everyone,

Well, I've read through this thread and downloaded all the indicators and like most of you have found, this system is sweet. Very clear and concise... seems to perform very well in most market conditions... I especially like the system combined with that E.A.S.Y. template that someone so kindly suggested. I was trying to figure out a way to make good use of heiken ashi and this seems to work perfectly. Thanks to everyone on here who has contributed and helped me to finally find a bit of a trading niche.

Out of curiousity though, I was wondering if anyone took it a step further and developed some sort of auto-trading EA. I'm not so much looking to make it completely automated, but essentially am just looking for it to open a trade when all the indicators align with, say, a 30 pip hard stop... and then email me to let me know it's taken a trade. I don't know if there's one out there already, or if there's someone who's already written such a monster but I'd be very interested to try one out if someone's got it.

I had noticed waaaay way back that someone had started working on an autotrader and was testing it... but I never could figure out what happened to that whole experiment. Seems he moved on.

Anyways, regardless of whether or not anyone would be interested in writing an EA to meet these needs, just wanted to say thanks again for all your contributions. I look forward to interacting with you guys and participating on this thread.

Jordan

P.S. - Is there currently a Skype type deal concerning this system? I had read that there was one, but I'm not sure if it still exists. I've never actually used Skype, but I would learn if others from this thread are using it to discuss trades and whatnot.

P.S.S. - For those of you using this system on the 30m charts... what kind of a stop loss do you use? I was looking at a few of the recent trade signals on the 30m charts and it seemed they would have been stopped out fairly quickly before continuing in the right direction had I used a 30pip SL... any advise?
  • #2,183
  • Oct 7, 2008 6:11am Oct 7, 2008 6:11am
Hi all,
AUD USD short
good luck for all
Attached Image (click to enlarge)
Click to Enlarge Name: x54.gif Size: 37 KB
  • #2,184
  • Oct 8, 2008 4:36pm Oct 8, 2008 4:36pm
hi

i used to test this system and thought i gave you my results.
not using it anymore but if someone finds this testing useful then i'm glad i could help.

have a good trading
Attached File(s)
File Type: xls TRENDFALLOWER.xls   28 KB | 1,048 downloads
  • #2,185
  • Oct 9, 2008 12:24pm Oct 9, 2008 12:24pm
Ok i am reading all posts and i am on the page 125 now. I want to do everything manuelly not with EA.
i want to ask u that is the original slope direction period is 80?this gives very bad signals for exit position, but i tried period 20 it is very good on backtests. Wicker said that don't change the existing values for indicator but i want to ask that what is your idea about it?
  • #2,186
  • Oct 9, 2008 3:04pm Oct 9, 2008 3:04pm
Hi all,
of course these days is a treasure for our great method as to follow the trend
this is my last trade on GBP/USD
+140 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: x62.gif Size: 55 KB
Click to Enlarge Name: x63.gif Size: 48 KB
  • #2,187
  • Oct 9, 2008 3:10pm Oct 9, 2008 3:10pm
Quoting mhemam2005
Hi all,
of course these days is a treasure for our great method as to follow the trend
this is my last trade on GBP/USD
+140 pips

Hi Mr The wicker,
can i ask would u enter this trade as the guppy is somewhat not contracted?
thanks in advance
  • #2,188
  • Oct 9, 2008 3:18pm Oct 9, 2008 3:18pm
Hi MR the wicker,
I am one of the follower of your great method, and it make good pips for me
but, when I see a move like that in the attached chart , i feel sad we did not catch it
as u see the first green arrow the guppy color was not still in clear order despite being contracted.
on the other green arrow the lagure was not arising from 0.15 but only above it


did i missed something in the method make me enter that trade?
thanks for help in advance..
Attached Image (click to enlarge)
Click to Enlarge Name: x64.gif Size: 45 KB
  • #2,189
  • Oct 10, 2008 3:29am Oct 10, 2008 3:29am
Quoting mhemam2005
Hi MR the wicker,
I am one of the follower of your great method, and it make good pips for me
but, when I see a move like that in the attached chart , i feel sad we did not catch it
as u see the first green arrow the guppy color was not still in clear order despite being contracted.
on the other green arrow the lagure was not arising from 0.15 but only above it


did i missed something in the method make me enter that trade?
thanks for help in advance..
This firrst enty is what you should look for. The best signals are when guppy are contracted and price is steady for some time.
Read the thread again. But patience is needed as in any other system. Be patience and wait, give some time to trade to develop.
Good luck!
  • #2,190
  • Oct 10, 2008 5:47am Oct 10, 2008 5:47am
Quoting pilatus
This firrst enty is what you should look for. The best signals are when guppy are contracted and price is steady for some time.
Read the thread again. But patience is needed as in any other system. Be patience and wait, give some time to trade to develop.
Good luck!
thanks pilatus for reply
so again, i just need to cofirm from u that we can enter even if guppy is so intermingled that the exact orders of color is not clear?
  • #2,191
  • Oct 10, 2008 6:49am Oct 10, 2008 6:49am
Quoting mhemam2005
thanks pilatus for reply
so again, i just need to cofirm from u that we can enter even if guppy is so intermingled that the exact orders of color is not clear?
Exact order of Guppy must be. But, if you get valid signal on beginning of the new trend or move you can enter. That is what we look for. But, also if guppy contract liken in example of USD/CAD and signal occur, we consider that as a good signal to enter. It will be easier if you post some example of signal in which you are not sure. So I can give my opinion.
P.S. As soon as you enter is better for you and you can ride new trend.
  • #2,192
  • Oct 10, 2008 6:55am Oct 10, 2008 6:55am
Hello everybody, I have got a question about pivots
According to the package downloaded from the blog/1st page here
we are using Fibo Pivots + Pivots multi-timeframe
The calculation of some pivots is based on yesterday high/ low
and according to Wicker, TF should only concern about the trading from EU open to US close, but the yesterday high/low can be coming from the non-EU-nor-US session.. now the pivots seems to be calculating from GMT 0000 to another GMT 0000 depending on which broker the user uses.....Is it really a matter? What do you think ?
  • #2,193
  • Oct 10, 2008 7:01am Oct 10, 2008 7:01am
Quoting hongkonger
Hello everybody, I have got a question about pivots
According to the package downloaded from the blog/1st page here
we are using Fibo Pivots + Pivots multi-timeframe
The calculation of some pivots is based on yesterday high/ low
and according to Wicker, TF should only concern about the trading from EU open to US close, but the yesterday high/low can be coming from the non-EU-nor-US session.. now the pivots seems to be calculating from GMT 0000 to another GMT 0000 depending on which broker the user uses.....Is it really a matter? What do you think ?
It does not matter. Just use them as you get them. You can also download some other platform with other GMT and compare pivot with yours. But is almost the same thing.
  • #2,194
  • Oct 10, 2008 7:03am Oct 10, 2008 7:03am
Another question about opening a trade near pivot I want to get some opinion is:
I remeber Wicker has mentioned that he will only not to open to trade if the signal direction is going against R3 or S3 (down signal to S3, or up signal to R3), I guess in this case if the market price is within 50-100 pips away from R3 or S3, the trade should not be opened?

and pilatus has mentioned that a rebound from any pivot level and then a signal occur with a direction away from that pivot is a good signal (for exp, say now is GU 1.7, it goes down and hit 1.69 and rebounce, at this time there is a up signal with all conditions met)

Any other opinion? Thank you!
  • #2,195
  • Oct 10, 2008 7:11am Oct 10, 2008 7:11am
Sorry another question about pivot is that many people suggested to take trade base on only contracted/compressed rainbow like an additional filtering condition, what is your experience about closing half (or full) of your positions at the near pivot ? My feeling is that in most cases if we exit at the 1st pivot, it seems to be too early (as I saw a lot of example here)? The compressed rainbow supposed to have energy breaking through the middle pivots easily? Because as Wicker said, he only wont open the trade if the signal is going against R3 or S3, so the same logics should be for exit as well?
  • #2,196
  • Oct 10, 2008 7:20am Oct 10, 2008 7:20am
I still have 2 more questions:

1. for recent high low, somebody mentioned we should consider around 30 bars, I want to know if at the 30 bars away from now, the high/low is higher/lower than the current price, and that is increasing and decreasing as well, meaning the the 31th bar is even higher or lower, then we should ignore what's happening at the 30th bar -> to take the high low, say, within 25 bars, or we extend the high low consideration within,say, 40 bars ? as soon as it is not more than the standard stop loss (like 20 or 25 pips)

2. I know some of you avoid trading for the whole NFP week, but what if the trend has been steady, with compressed rainbow, and all the conditions met ? Do you still take the trade?

Just to confirm/gather more opinion.. thank you very much !!
  • #2,197
  • Oct 10, 2008 7:30am Oct 10, 2008 7:30am
Quoting hongkonger
Sorry another question about pivot is that many people suggested to take trade base on only contracted/compressed rainbow like an additional filtering condition, what is your experience about closing half (or full) of your positions at the near pivot ? My feeling is that in most cases if we exit at the 1st pivot, it seems to be too early (as I saw a lot of example here)? The compressed rainbow supposed to have energy breaking through the middle pivots easily? Because as Wicker said, he only wont open the trade if the signal is going against R3 or S3, so the same logics should be for exit as well?
Well, I posted a lot of good signals and examples. Just go to see them and you will find out what is good one. Just make everything simple and easy. Do not complicate a lot. For the 1000 times I repeat this: Good signal is where guppy are contracted or price was strady for some time. Or both of this conditions are met. Another thing, it is logical that contracted guppy means beginning of new trend or move and that new trend or move will never begin on R3 or S3. So why would you enter after R2 or S2?? Dont you thinks that is too late to enter and that big move is behind you??? How many chances do you have to ride a trend or move if you enter few points before R3 or S3?
Isnt it better to enter on beginning where guppy are contracted and near daily pivot level???? How many chances do you have to ride a trend if 300-400 pips move is behind you? Think in that way. Yes, enter on beginning is risky because no one can guarantee that this new young trend will develop. But this is only way to trade fx. Getting good chances. Catch the beginnings.
  • #2,198
  • Oct 10, 2008 7:43am Oct 10, 2008 7:43am
Quoting hongkonger
I still have 2 more questions:

1. for recent high low, somebody mentioned we should consider around 30 bars, I want to know if at the 30 bars away from now, the high/low is higher/lower than the current price, and that is increasing and decreasing as well, meaning the the 31th bar is even higher or lower, then we should ignore what's happening at the 30th bar -> to take the high low, say, within 25 bars, or we extend the high low consideration within,say, 40 bars ? as soon as it is not more than the standard stop loss (like 20 or 25 pips)

2. I know some of you avoid trading for the whole NFP week, but what if the trend has been steady, with compressed rainbow, and all the conditions met ? Do you still take the trade?

Just to confirm/gather more opinion.. thank you very much !!
1. Do not be so rigorous, for example, you want to go short, you last high is at 40 bar, you can enter why not, but if stop in that case is to big you can use proper money management if you dont want to pass the trade. IF you doubt in entry because of stop loss or any other thing pass the trade.
2. I avoid speeches and interest rate. On other news if I am in trade I put B/E if I can or I move my stop loss to better position. But I will not enter few minutes before news if signal occur.
  • #2,199
  • Edited 7:31am Oct 11, 2008 6:59am | Edited 7:31am
Quoting pilatus
For those who are still wondering why is important that guppy must be contracted for good signal, this example says 1000 words.
hi pilatus, for your post 2157 at page 144
the laguarre drop from 0.71 to 0.65 at your stated position
another example is at post 2124 at page 142, at which laguarre jump from 0.18 to 0.23 at the signal bar (the 2nd one).. and macd is -ve for a buy arrow.. ?
do you usually loosen your requirement a bit for entries?

also, wicker told us to enter trade at the signal bar or the next signal bar, however, in this case, the drop from >0.75 to <0.75 occurs before the signal bar..

for any trade all conditions have to be met at the same signal bar, anybody take the trade with conditions partially from 2 bars? for exp,
laguarre, rainbow req met at the signar bar but macd met at the next bar?
  • #2,200
  • Edited 8:19pm Oct 11, 2008 8:06am | Edited 8:19pm
Anyone know on which page the latest EA is on?

Thanks
Starting to see instead of just looking.
6 traders viewing now, 1 is registered:
eai.reg