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Trend Follower 5 Minute System

  • #2,261
  • Oct 20, 2008 4:20pm Oct 20, 2008 4:20pm
Nooooooo.

None of those are my indicators, they were all provided by wicker and Pilatus and other who tweaked them.

I simply posted my collection as someone wanted them and I know how hard it is to find the right ones, when the thread is long.

That's all.
Starting to see instead of just looking.
  • #2,262
  • Oct 20, 2008 4:44pm Oct 20, 2008 4:44pm
are there any EA that auto trade for you for this system??
  • #2,263
  • Edited 5:31pm Oct 20, 2008 5:20pm | Edited 5:31pm
I am trying to get a handle on the possible false signals with this system.
The more I scrutinize the false signals the more I realize it is a fine line between False and true signals.
For example the chart below from yesterday on CHF/JPY going short, the LAG did not even rise above the 0.75 mark when the MACD went below 0 and the short signal arrived.
If we took this rules of this system to the letter we would not have entered short here, if I am correct?
Yet, this short trend went over 170 pips and I was left dumbfounded watching it.

Any thoughts in this trade or how it could have been confirmed with other means.

I am not being impatient, I am simply trying to get an understanding of this system, as at the moment it seems to be keeping me out of more trades than getting me in one. I know this is a good thing in many circumstances, perhaps I am taking the rules too literally.

http://img380.imageshack.us/img380/3...esignalrc6.jpg
Starting to see instead of just looking.
  • #2,264
  • Oct 20, 2008 5:27pm Oct 20, 2008 5:27pm
Quoting tgiambarberee
ByerRA. And Rastman thanks very much for your contibutions to this thread cant wait to try ur latest indicators .Check out woodies cci indicator here in fxfactory . Its a good way to see if things have been bottoming out for awhile or rideing high . If you want to scalp here and there its nice too . But this indicator with the laguer is powerful . Get them pips !
I should have my multitimeframe indicator done this week (provided trading doesn't get in the way )

Everything is working, and indicating like it should, but not everything wants to play nice with each other and I'm having to "beat" the code into submission.

I'll post it once I'm done testing.
"I don't want to take over the world, just my own little part of it."
  • #2,265
  • Edited 9:09am Oct 21, 2008 6:54am | Edited 9:09am
Let me explain something about trading this system and trading at all for all new traders here.
1. Stop making new rules which will produce you more signals and more pips. Why? First, TheWicker is not stupid guy who did not test everything he colud to get better results. Second, you CAN NOT make this system better if you see one nice move and find good entry on the top of you chart just because you see it.
On the beggining od this thread TheWicker clearly said that this system "is not get quick rich scheme". So to be successful in this system and any OTHER system and trading fx at all, is to be realistic. And what is beeing realistic in TF5min system?? That means that we CAN NOT expect to catch every possible move we see on our charts. That means that we can get from that system what market is giving to us. Sometimes that is 20 pips per week and soemtimes is 300 or 500 or more.
Why nobody did not post example from bellow and ask if entry is good?? Why every new trader here wants to make some new rules?? Well, answer on that question lies in statement that every new or beginer trader tends to see what he or she wants to see. On that way new trader is far away from real picture. It is very easy to go in history on charts and find signals and say " wow here is nice entry" because we see that after that signal is nice move up or down. Every new trader first see nice move and than is looking for signal before that move and say to himself "hmm here would be nice entry". And if there is NOT signal for enter than new trader imagine it or find some excuse to find it. On the other side, when there is not nice move new trader would say even if there is good signal "nooo I am not taking that signal" and again find nice excuse to not enter. But dear newbies that is not trading. So, first learn how to obey the rules and than find or research new rules for updating the system. I will obey any new suggest and rule for improving this system but first someone must to do hard work and test it and find a good reason why he or she changed rules.
If someone is not satisfied with amount of the pips which that system produce he or she can use another one which does. And when you dont have trades with tf you will have with another one.
Conclusion!
This is system on 5min so do not expect to catch ride of 400 pips in one single trade. 5min template is too low for seeing biger picture and some good retrace against our direction usually would kick us out.
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  • #2,266
  • Oct 21, 2008 7:04am Oct 21, 2008 7:04am
Agreed ,credit were it is due but a thank you to all is in order anyway . Mayber rules to the T arnt so important here . The laguaer is a momentum typr indicator i believe .So it could be off some in our analysis .Better judgement could be key at times .Main thing I think is colors are in order consolidated and pointing down . Along with macd at below water leval .Im going to try to post a currency strengh indicator . It will tell you which one s are weak and strong in a a multi time frame scenerio hope it will help .Im at work and have never posted one so as time permits I have to figure out how to post it .If any one has instruction on how pls let me know .
  • #2,267
  • Oct 21, 2008 7:44am Oct 21, 2008 7:44am
I can... and I've been reading what Pilatus is writing. Pilatus is working this system close to two years now and with some common sense he has reached a fantastic level of W/L ratio well above 80%. I know this for a fact cause I sit in the opposite office. You should all be grateful for the time he is taking to share and the valuable advice he is volunteering. I know I wouldn't. I enjoy reading his posts (even if he doesn't know it) and I'm a little irritated by guys trying to introduce new indicators. The system its only a small part of a traders success... and this one is a very good one – probably one of the best I’ve seen although it doesn’t suits my trading stile. So please knock it off trying to improve the system and start to look for faults in your one attitude.

P.S.: Pilatus ... check your six. Call me about the SEK deal tonight.
  • #2,268
  • Oct 21, 2008 7:48am Oct 21, 2008 7:48am
Quoting pilatus
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.
Hi pilatus, I have requested FXPro to get a demo account for 3 days but there is no response.. are they closed ? do you have a demo account? can you lend it to me? thank you...
  • #2,269
  • Oct 21, 2008 8:49am Oct 21, 2008 8:49am
Quoting HUD
I can... and I've been reading what Pilatus is writing. Pilatus is working this system close to two years now and with some common sense he has reached a fantastic level of W/L ratio well above 80%. I know this for a fact cause I sit in the opposite office. You should all be grateful for the time he is taking to share and the valuable advice he is volunteering. I know I wouldn't. I enjoy reading his posts (even if he doesn't know it) and I'm a little irritated by guys trying to introduce new indicators. The system its only a small part of a traders success... and this one is a very good one – probably one of the best I’ve seen although it doesn’t suits my trading stile. So please knock it off trying to improve the system and start to look for faults in your one attitude.

P.S.: Pilatus ... check your six. Call me about the SEK deal tonight.
Thanks HUD for you support.Keep working in your new residence, call you for SEK.
  • #2,270
  • Oct 21, 2008 8:50am Oct 21, 2008 8:50am
Quoting hongkonger
Hi pilatus, I have requested FXPro to get a demo account for 3 days but there is no response.. are they closed ? do you have a demo account? can you lend it to me? thank you...
Give me your PM to send you mt4 of FXPro.
  • #2,271
  • Oct 21, 2008 11:43am Oct 21, 2008 11:43am
Quoting pilatus
Give me your PM to send you mt4 of FXPro.
I have the MT4 for FXPro but I havent got the demo account...
  • #2,272
  • Oct 21, 2008 11:59am Oct 21, 2008 11:59am
Quoting hongkonger
I have the MT4 for FXPro but I havent got the demo account...
I can tell you what I did. I downoladed mt4 from Fxpro site and installed it. I have 4 different type of MT4 on my pc. Find some on google. Try to find BROCO mt4. It is good too. You must install it, dont know how you dont have demo...install it again.
  • #2,273
  • Oct 21, 2008 12:56pm Oct 21, 2008 12:56pm
Quoting pilatus
I can tell you what I did. I downoladed mt4 from Fxpro site and installed it. I have 4 different type of MT4 on my pc. Find some on google. Try to find BROCO mt4. It is good too. You must install it, dont know how you dont have demo...install it again.
I got it now.. thank you ! have you ever compared the feeds from multiple brokers? are they differ a lot?
  • #2,274
  • Oct 21, 2008 1:13pm Oct 21, 2008 1:13pm
Quoting hongkonger
I got it now.. thank you ! have you ever compared the feeds from multiple brokers? are they differ a lot?
In fact they dont, but there is sometimes situation that on one mt4 you have valid signal and on the other you dont have it. But those are rare cases. If it is good one it is good everywhere. TF produces signals which are not different from others system which are based on trend following.
  • #2,275
  • Edited 6:47pm Oct 21, 2008 5:35pm | Edited 6:47pm
I agree, the system is fine we just have to adjust our mindset to it and wait patiently for the Real Deal signal to arrive.

I did this yesterday confirming signals with Fib retracements and when the valid signal came, I went short for 150 pips.

Perhaps adjusting our own mental indicators will allow us to see the valid signal more clearly without changing this and that then becoming totally lost.

That said the chart could do with something like ByerRA's system to make it easier to read at a glance rather than the trade suggestions on the the top left getting messed up with the graph.
Starting to see instead of just looking.
  • #2,276
  • Oct 23, 2008 7:12am Oct 23, 2008 7:12am
Interesting system this one, just trying to get my head around it all.

Would you call this a valid signal? (chart below, the little red arrow on MACD). Seems to be a fine line between a real signal and a false one. Does anyone use the EA for this? I have it set up on a demo account and a few of the sound alerts and stuff it has given me aren't that great.
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  • #2,277
  • Oct 23, 2008 8:19am Oct 23, 2008 8:19am
Would you call this a valid signal?
It not valid signal,coz Laguere did't cross 0.75 level during 2 bars,after red arrow.
  • #2,278
  • Oct 23, 2008 10:44am Oct 23, 2008 10:44am
Quoting SamboYam
Interesting system this one, just trying to get my head around it all.

Would you call this a valid signal? (chart below, the little red arrow on MACD). Seems to be a fine line between a real signal and a false one. Does anyone use the EA for this? I have it set up on a demo account and a few of the sound alerts and stuff it has given me aren't that great.
This is not valid signal because Guppy are not in proper order. For short set up red guppy must be above green guppy. Read the thread to find good signals.
  • #2,279
  • Oct 23, 2008 3:43pm Oct 23, 2008 3:43pm
Hello,I do not have a laguerre indicator in my tool box is there another indicator that I can use in it's place ??????? thanxs.
  • #2,280
  • Oct 23, 2008 4:05pm Oct 23, 2008 4:05pm
Thanks for replies, I remembered the guppy just after I posted that! Doh sorry!

I believe this one is a good signal though? I have read everything about it, just making sure I'm looking at the right thing, I promise I won't keep posting charts up.
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