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Trend Follower 5 Minute System

I must say that your system is absolute good & amazing...
so I test it and make some modif, so fas is good for me...
this is my test result. But I must test it for more time so I can be share my modif to this forum.

Once again, thanks...best regards.

http://i38.tinypic.com/n2n88w.gif
Quoting gloworm
Hi Rastaman

I'm a bit confused with your short sig, the Lag was on the floor ?
Yes, indeed you are correct. Had an eye injury 6 months ago and I am dammed if I can see that 0.75 mark. Just ordered a new monitor.
So, it was not a false signal at all. Good, better that it was my mistake, so that I can correct it.

Thanks
Starting to see instead of just looking.
I see good results when the green mma goes over or below the red mma with the yellow mma touching price without having to look at Laguerre or macd. The ema cross gives you the early signal to look for a short or long. So am i missing something?
Is this here an Expert Advisor? And where can i download it?
Quoting Rastaman
Yes, indeed you are correct. Had an eye injury 6 months ago and I am dammed if I can see that 0.75 mark. Just ordered a new monitor.
So, it was not a false signal at all. Good, better that it was my mistake, so that I can correct it.

Thanks
Well, on green vertical line is not valid signal, but on red one is VALID. IS it good one?? Honestly, looks like it is good one but Wicker did not recommend GBP/JPY to trade with TF5min. SO I do not analyze that pair and can not tell you that this signal is worht one, but VALID is for certain. So seems that your killer of false signal worked on that example.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy valid signal red line!.gif Size: 50 KB
Quoting pilatus
Well, on green vertical line is not valid signal, but on red one is VALID. IS it good one?? Honestly, looks like it is good one but Wicker did not recommend GBP/JPY to trade with TF5min. SO I do not analyze that pair and can not tell you that this signal is worht one, but VALID is for certain. So seems that your killer of false signal worked on that example.
Hi Pilatus

Now you are confusing me, again in your example the lag is on the floor, I thought it had to just drop off the .75 ?
Quoting gloworm
Hi Pilatus

Now you are confusing me, again in your example the lag is on the floor, I thought it had to just drop off the .75 ?
It did just cross the 0.75 line on Pilatus's RED line, not the green one which was my mistake.



Thanks for the info Pilatus.....
EeeeeK!
I did not realize GBY/JPY is not recommended by wicker!! Are there any more JPY pairs also not recommended or any that are recommenced?


PS...Just found the recommendations. I will stick to the EUR/JPY & USD/JPY.
WHat is the reasoning behind avoiding the GBY/JPY? Or is it ok to trade this pair in a larger TF?

Recommended Forex Pairs: USD/JPY, USD/CHF, GBP/USD, EUR/USD, USD/CAD, AUD/USD, EUR/JPY and Gold
Starting to see instead of just looking.
Quoting gloworm
Hi Pilatus

Now you are confusing me, again in your example the lag is on the floor, I thought it had to just drop off the .75 ?
Read the beggining of the thread and learn this system. Or read the whole thread and see examples and you will find out what is good signal.
Quoting Rastaman
It did just cross the 0.75 line on Pilatus's RED line, not the green one which was my mistake.



Thanks for the info Pilatus.....
EeeeeK!
I did not realize GBY/JPY is not recommended by wicker!! Are there any more JPY pairs also not recommended or any that are recommenced?


PS...Just found the recommendations. I will stick to the EUR/JPY & USD/JPY.
WHat is the reasoning behind avoiding the GBY/JPY? Or is it ok to trade this pair in a larger TF?

Recommended Forex Pairs: USD/JPY, USD/CHF, GBP/USD, EUR/USD, USD/CAD, AUD/USD, EUR/JPY and Gold
I think that the reason for this pairs is because of less spread than the others pairs. GBP/JPY has big spread on most brokers services.
The Lag came off the .75 about 3-4 bars before the red arrow, is that ok ?I thought it just had to turn off at red arrow or next bar, please forgive my confusion
Quoting pilatus
Read this, and pracitce. Take some time and learn something about trend determination and analysis of trend. Do not complicate and make it simple as you can. Use trend lines, fib and chanels and specially support and resistance levels. I like to use support/resistance levels which are high and low of the day. I found that when price bounce from these levels and than signal occur, signals are very, very accurate. That is all. Use timeframe 1h or 4h. Always look for signal with trend. Specially be careful with signal against the trend.
Ask whenever you have any question. There is no stupid question, only stupid answer.
Thanks for the article and your immense contribution to the thread,this is a must read for any serious trader.
Quoting gloworm
The Lag came off the .75 about 3-4 bars before the red arrow, is that ok ?I thought it just had to turn off at red arrow or next bar, please forgive my confusion
LAg must cross 0.75 at signal bar or one after and macd must be below zero for short signal. Viceversa for long, lag must cross 0,15 etc. Dont worry for confusion we are here to help each other.
Quoting letuak
Thanks for the article and your immense contribution to the thread,this is a must read for any serious trader.
Letuak thanks for you support. But you must know that this is MY way of valuation if signal is worth of taking it into consideration and enter a trade. That does not mean that this is some part of rule, because rules for that system are very simple. This system is excelent if you dont expect much of it. Let say that we test that system for one month and that we take every valid signal which occur. On the end of the testing month we would probably be positive but that is not style of trading which fits me good. I like to take one or two best signals per week. And for finding best signal I need to analyze higher time frame and find mayor support and resistance levles. This mayor support and resistance levels are keys for me. For example, if price on EUR/USD rally long or up and let say hit the resistance on 1.5000 it would bounce from it to level 1.4950. Now it will start to move up again and on that move up valid signal occur. You can expect that you can grab 30-40pips. But I do not look for that kind of valid signal. I look for signal where price pass or broke this mayor level 1.5000 and go to 1.5050. Now for some reason price make a retrace and fall down to 1.5000. From that level start to move up again and valid signal occur which I call it BEST SIGNAL. That kind of valid signal has better potential to make more pips than first mentioned scenario.
But there is not only this criteria that this signal must obey. That signal must be where guppy are contracted, must be clear and if it is possible price must be steady for some time before signal. It is hard to find that kind of signal but if you have enough patience you will find it.
This is only system which I trade on 5min time frame because I do not like to trade on time frame less than 30min. I think that there is no better system then this system on 5min time frame.
Can anyone post his results with this system?
Every month i need to open a new demo account and my last result are lost. But it's sure that i always had good earnings with this system.
Quoting Retal1ator
Can anyone post his results with this system?
Every month i need to open a new demo account and my last result are lost. But it's sure that i always had good earnings with this system.
This is my test of this system...it makes me profit with amazing result...
http://i38.tinypic.com/n2n88w.gif
Here you go.
http://img353.imageshack.us/img353/4913/tradesia7.jpg
Starting to see instead of just looking.
Nice results. Which variables and values do you are using in the EA?
Regards
--L
I'm online right now : )
May you let me know wich variables and values do you use to get these results at multiple pairs?
Thanks a lot!
Regards
--L
Quoting pilatus
Letuak thanks for you support. But you must know that this is MY way of valuation if signal is worth of taking it into consideration and enter a trade. That does not mean that this is some part of rule, because rules for that system are very simple. This system is excelent if you dont expect much of it. Let say that we test that system for one month and that we take every valid signal which occur. On the end of the testing month we would probably be positive but that is not style of trading which fits me good. I like to take one or two best signals per week. And for finding best signal I need to analyze higher time frame and find mayor support and resistance levles. This mayor support and resistance...
This is a proffesional style,bc 80% of the time the trade is valid,good and bankable especially if it occurs on higher TF like 4HR but the watch word is patience:the trade will naturally come to you.I think some of us on this thread misconstrued the relevance of this system bc it is based on 5min but the rules must be obeyed to the letter to have a valid trade,check your chart patterns to have a good trade.It need PATIENCE and DISCIPLINE to survice in our proffesion,thanks.
Quoting Landi
Nice results. Which variables and values do you are using in the EA?
Regards
I try to obey all the rules of this EA, but I miss some 'entry signal' because I am not in front of my laptop all the time.
So I try to ignore some aspects of this EA, analyze it then make some notes.
So far is good...you can try for yourself. But what I truely know, this system is very very GREAT!
And I know the purpose to obey all this EA rules is to make this EA became a high probability trading system. So for you that want a high probability trading system, just don't try to modif the EA...but for you that want to make a faster and high probability enough EA in the trade, then you can make some modif of this EA.

I will update my progress frequently...
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