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Trend Follower 5 Minute System

  • #2,201
  • Oct 11, 2008 8:08am Oct 11, 2008 8:08am
Quoting hongkonger
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?
If you want to say that those signals you mentioned and which I posted are not valid, than you dont understand what valid signal is. Than you should read whole thread again. Then sorry if I wanted to help you.
Valid signal is where all conditions are met at the signal bar or one after. So I dont understand what is invalid in examples I posted??? For laguerre is not important to come from full top or bottom. Important is that cross at signal bar or one after 0.15 or 0.75. MAcd in that case should be - or + depends on long or short signal. Where do you see that MACD is negative in USD/JPY examples???
  • #2,202
  • Oct 11, 2008 8:17am Oct 11, 2008 8:17am
Examples which I posted are in zoom here. What you dont understand here Hongkonger??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd3.gif Size: 31 KB
Click to Enlarge Name: usdjpy3.gif Size: 35 KB
  • #2,203
  • Oct 11, 2008 8:56am Oct 11, 2008 8:56am
Quoting pilatus
Examples which I posted are in zoom here. What you dont understand here Hongkonger??
Very straightforward if follow the rules....
  • #2,204
  • Oct 11, 2008 1:15pm Oct 11, 2008 1:15pm
Quoting pilatus
If you want to say that those signals you mentioned and which I posted are not valid, than you dont understand what valid signal is. Than you should read whole thread again. Then sorry if I wanted to help you.
Valid signal is where all conditions are met at the signal bar or one after. So I dont understand what is invalid in examples I posted??? For laguerre is not important to come from full top or bottom. Important is that cross at signal bar or one after 0.15 or 0.75. MAcd in that case should be - or + depends on long or short signal. Where do you see that MACD is negative in USD/JPY examples???
at page 144 post 2157,
the laguarre is 0.71 at the signal bar and it's 0.65 at the bar before the signal bar, so it drops from 0.71 to 0.65 which does not cross from above 0.75 to below 0.75...

another example at page 142 post 2124,
the laguarre is 0.23 at the signal bar, but it's 0.18 at the previous bar, so it does not cross from below 0.15 to above 0.15

for the -ve MACD value, that is my mistake, I messed up with another graph

thank you
  • #2,205
  • Oct 11, 2008 1:39pm Oct 11, 2008 1:39pm
Hello everybody, which broker(s) are you using?
I am now using IBFX .. I cant backtest most of the pairs at 5 mins timeframe except GBPUSD that I can backtest up to Jan 2008, other pairs I can backtest for 1-2 months or less or none..
for further discussion, we may chat here.. thank you!!
http://www.forexfactory.com/showthre...73#post2274473
  • #2,206
  • Oct 11, 2008 3:27pm Oct 11, 2008 3:27pm
i guess your strategy is not applicable to traders not using metatrader. is there any way we can still use this strategy bcos i use marketiva
  • #2,207
  • Oct 11, 2008 6:48pm Oct 11, 2008 6:48pm
Quoting atmokupe
i guess your strategy is not applicable to traders not using metatrader. is there any way we can still use this strategy bcos i use marketiva
I dont think the strategy itself has any relation with metatrader, it is just the concept, the mql resources are not provided by Wicker but other FF members like pmurfin, skyscraper..etc
Whether you can use or not in marketiva depends on whether you can re-do all the programming or setting in marketiva
  • #2,208
  • Oct 11, 2008 7:20pm Oct 11, 2008 7:20pm
These threads get terribly confusing for a newbie when looking for the latest files and EA. Any chance someone can post all the most recent files for this system in one place?
Starting to see instead of just looking.
  • #2,209
  • Oct 11, 2008 8:14pm Oct 11, 2008 8:14pm
Quoting Rastaman
These threads get terribly confusing for a newbie when looking for the latest files and EA. Any chance someone can post all the most recent files for this system in one place?
The author is not obligated to provide this... those resources are provided by other members and there are many branches of development, all based on original version provided by pmurfin, I suggest you to use Teleport to download all files in one folder
  • #2,210
  • Edited Oct 12, 2008 12:34am Oct 11, 2008 8:22pm | Edited Oct 12, 2008 12:34am
Quoting hongkonger
The author is not obligated to provide this... those resources are provided by other members and there are many branches of development, all based on original version provided by pmurfin, I suggest you to use Teleport to download all files in one folder
I know the author is not obliged to provide the EA!

What gives you the impression I ever thought anyone was obliged to provide them?

I was simply asking if anyone who has updated the EA that was already available, could post it and the other files necessary for it to work in one place.
Starting to see instead of just looking.
  • #2,211
  • Oct 12, 2008 4:36am Oct 12, 2008 4:36am
Quoting Rastaman
I know the author is not obliged to provide the EA!

What gives you the impression I ever thought anyone was obliged to provide them?

I was simply asking if anyone who has updated the EA that was already available, could post it and the other files necessary for it to work in one place.
Rastaman. This is Ea which I use.But is not for entering in trade it is just for alerting me that all conditions for valid signals are met. This EA I use when I can not seat in front of the my comp and wait for signal. If you want to have EA which can do everything for you go on the top of the page and on right side find symbol for attachment. There are all EA which you can use. But I will not recomend you to trade on that way.
Attached File(s)
File Type: mq4 SignalTrendFollower + SnapShot.mq4   11 KB | 985 downloads
  • #2,212
  • Oct 12, 2008 4:52am Oct 12, 2008 4:52am
Quoting hongkonger
Hello everybody, which broker(s) are you using?
I am now using IBFX .. I cant backtest most of the pairs at 5 mins timeframe except GBPUSD that I can backtest up to Jan 2008, other pairs I can backtest for 1-2 months or less or none..
for further discussion, we may chat here.. thank you!!
http://www.forexfactory.com/showthre...73#post2274473
Hongkonger. First of all. You must learn something about that system before you can allow your self to valuate others signals. The signals I posted are VALID. Look for signals like this. IT si not matter that laguerre strictly pass 0.15 or 0.75 at signal bar. IF you look trading like this than that is not trading, rather geometry. On that way you will find youreslf for valuating valid signal in measuring millimetres. The point is that laguerre is coming from oversold or overbought area around signal arrow and pass 0.15 or 0.75.

You can backtest on IBFX because I have IBFX and I was doing backtesting on any pair on any timeframe without problem. Problem what you have is that you dont know how to manage you MT4 platform. Just go in tools, history, find pair which you want and download history data. Then restart your MT4 and backtest as long as you want.
Happy testing.
  • #2,213
  • Oct 12, 2008 5:09am Oct 12, 2008 5:09am
Quoting pilatus
Hongkonger. First of all. You must learn something about that system before you can allow your self to valuate others signals. The signals I posted are VALID. Look for signals like this. IT si not matter that laguerre strictly pass 0.15 or 0.75 at signal bar. IF you look trading like this than that is not trading, rather geometry. On that way you will find youreslf for valuating valid signal in measuring millimetres. The point is that laguerre is coming from oversold or overbought area around signal arrow and pass 0.15 or 0.75.

You can backtest on IBFX because I have IBFX and I was doing backtesting on any pair on any timeframe without problem. Problem what you have is that you dont know how to manage you MT4 platform. Just go in tools, history, find pair which you want and download history data. Then restart your MT4 and backtest as long as you want.
Happy testing.
Ok I got your point thank you very much. For backtesting, I still cannot figure it even though I reached your screen. When I seleced the pairs, I cannot download data as it report "no new data", In short, can you help me to test whether you can load any 5 mins data for 3 months on any pair other than GBPUSD?
  • #2,214
  • Oct 12, 2008 5:35am Oct 12, 2008 5:35am
Ok guys, I'm back on the forums again. I went through the last few pages and yes Pilatus, your signals you showed are valid.

Note : Forward testing and backtesting has a difference of day and night.

My opinion : You cannot automate this system just for the fact that its

  1. On 5 min time frame - not stable for indicators
  2. The signals are arrows created from MA's, thus repaints occur

You have to visually see the trade progress to make your decision and enter in it. Also have to understand, if you try and trade when the guppy is compressed, there is no way of saying if its a correct signal or not. Because in choppy conditions the guppy is still contracted. (Refer to my screenshots earlier in the threads).

I have been a trend follower member since the thread started. I will start posting screen shots again.

Hope that helps

  • #2,215
  • Oct 12, 2008 5:48am Oct 12, 2008 5:48am
Quoting pilatus
Rastaman. This is Ea which I use.But is not for entering in trade it is just for alerting me that all conditions for valid signals are met. This EA I use when I can not seat in front of the my comp and wait for signal. If you want to have EA which can do everything for you go on the top of the page and on right side find symbol for attachment. There are all EA which you can use. But I will not recomend you to trade on that way.

Thanks for posting the EA.
I found the version2 this morning and intend to test it as a loose entry and exit. I don't intend on using any auto traders, just interested in how they work or don't.

Thanks again
Starting to see instead of just looking.
  • #2,216
  • Oct 12, 2008 5:51am Oct 12, 2008 5:51am
Quoting navin44
Ok guys, I'm back on the forums again. I went through the last few pages and yes Pilatus, your signals you showed are valid.

Note : Forward testing and backtesting has a difference of day and night.

My opinion : You cannot automate this system just for the fact that its

  1. On 5 min time frame - not stable for indicators
  2. The signals are arrows created from MA's, thus repaints occur

You have to visually see the trade progress to make your decision and enter in it. Also have to understand, if you try and trade when the guppy is compressed, there is no way of saying if its a correct signal or not. Because in choppy conditions the guppy is still contracted. (Refer to my screenshots earlier in the threads).

I have been a trend follower member since the thread started. I will start posting screen shots again.

Hope that helps

Hi navin, I am a beginner, I dont really understand what you mean for ...

"Note : Forward testing and backtesting has a difference of day and night."
"On 5 min time frame - not stable for indicators"
arent they supposed to be the same ? how different is it ?

"The signals are arrows created from MA's, thus repaints occur"
I have no idea of what repaint you mean...

please elaborate ... thank you......
  • #2,217
  • Oct 14, 2008 8:20am Oct 14, 2008 8:20am
Quoting hongkonger
Ok I got your point thank you very much. For backtesting, I still cannot figure it even though I reached your screen. When I seleced the pairs, I cannot download data as it report "no new data", In short, can you help me to test whether you can load any 5 mins data for 3 months on any pair other than GBPUSD?
Well on IBFX I can not even download history data, but in that case go to FXPro site and download their demo platform and install it, after installing you will be able to test whatever you want.
  • #2,218
  • Edited 12:22pm Oct 15, 2008 11:32am | Edited 12:22pm

Hi Navin44 I like what you had to say about the Guppys being compressed.I had the rules mostly goin for me on the 5 min this am but the laguer was alittle more advenced than the rules allow . Color was in order but nothing was pointing down except price . I put in a 50 pip stop made a very recless trade with my micro account .Well later I checked and came to find news was out 1/2 hr later and she went north . Ouch ! I got stopped out .Its a good system but we must follow the rules to the T . Two preavios trades were a success got in out quick ,now I'm going to use pivit's and murry math , its pivits also helps. Price seems to really respect them . Well this is my effort to get started here in this forum . Keep it alive guys , we really got something here I believe it very much so .
  • #2,219
  • Oct 15, 2008 6:00pm Oct 15, 2008 6:00pm
Yeah, I got nailed or rather nailed myself on Eur/JPY by missing an indicator that was not aligned with the rest of them.
Still, if we abide by the rules of this system, it seems to work VERY well.
Starting to see instead of just looking.
  • #2,220
  • Oct 16, 2008 11:47am Oct 16, 2008 11:47am
Sitting on my hands but I should be standing on them Just need to wait .I think Im going to keep more of an eye on the ones that get closer to extreme support and resistance and wait for consolidation and like the chef emeril says Bamm Ching Ching $ .Any Ideas for me plz Im all ears and eyes . This system is sweet ,thanks Wiker !
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