Trend Follower 5 Minute System | Page 118 | 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

  • #2,341
  • Nov 3, 2008 6:12am Nov 3, 2008 6:12am
Quoting alright
Certo. Te lo allego. Avevo postato solo l'ex4 per facilitare le cose ad Annarita.
Hi gentle men enough of this Italian language.You are turning the other users to barbarians with all these Italian jargon. If you want to communicate with Italo, please kindly open another trend follower thread.Please, it is just a suggestion and not a command.Thanks
  • #2,342
  • Nov 3, 2008 6:35am Nov 3, 2008 6:35am
@aje6767
Ok, sorry, aje6767, you're right. It was just to explain to this couple of friends how that file worked and anyway it was info already posted at this link http://www.forexfactory.com/showpost...&postcount=243.
Also I'like to correct myself and give credit to e-valtrg who modified pmurfin's EA.

@Retal1ator
The snapshot feature allows to take screenshots every time a signal occurs, which are saved in the experts\files\Trendfollower 2008 folder.
  • #2,343
  • Nov 3, 2008 8:05am Nov 3, 2008 8:05am
Hello everybody, do you consider this trade as choppy ? But if we define such kind of trade is choppy.. then a lot of potential trades will be filtered? P.S. this is a failed trade
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 34 KB
  • #2,344
  • Nov 3, 2008 8:52am Nov 3, 2008 8:52am
Quoting beatforex
owww...sorrry...so you mean that arrow. You can get that 'alert' in the previous pages....just find it, you will found it. It named as \"RedAlertTrendFollower.ex4\" or \"RedAlertTrendFollower.mq4\"
Or just download from me, then move it to your Meta Trader 4 experts directory (not the 'indicators' folder!!!) :

Hi Beatforex
I downloaded this ea and copied it into the expert of the meta 4 platform but on opening my platform I could not find it.Please, Why?
  • #2,345
  • Nov 3, 2008 10:01am Nov 3, 2008 10:01am
Quoting aje6767
Hi Beatforex
I downloaded this ea and copied it into the expert of the meta 4 platform but on opening my platform I could not find it.Please, Why?
You must do this after copied that EA to 'experts' folder of Meta Trader :
- click the 'Navigator' button
- click 2x 'Expert Advisors'
- drag and drop the 'EA' to your chart
- and done...
  • #2,346
  • Nov 3, 2008 11:09am Nov 3, 2008 11:09am
Quoting alright
@aje6767
Ok, sorry, aje6767, you're right. It was just to explain to this couple of friends how that file worked and anyway it was info already posted at this link http://www.forexfactory.com/showpost...&postcount=243.
Also I'like to correct myself and give credit to e-valtrg who modified pmurfin's EA.

@Retal1ator
The snapshot feature allows to take screenshots every time a signal occurs, which are saved in the experts\files\Trendfollower 2008 folder.
All It's ok, thank's very much.

Sorry at all for italian language.
  • #2,347
  • Nov 3, 2008 2:14pm Nov 3, 2008 2:14pm
Quoting hongkonger
Hello everybody, do you consider this trade as choppy ? But if we define such kind of trade is choppy.. then a lot of potential trades will be filtered? P.S. this is a failed trade
Hello,

My opinion is that that laguere is not in entry position for long.

Also the candles were so long, so it is risky to get Stoped.
  • #2,348
  • Nov 3, 2008 5:14pm Nov 3, 2008 5:14pm
Phew, I opened Trendfollower this morning and nearly fell out of my chair, just looking at this noise in the current market. It is almost impossible to trade at this moment. No doubt things will start to trend one way or the other after the election. Get you country back people.
http://img58.imageshack.us/img58/4015/noisesm3.jpg
Starting to see instead of just looking.
  • #2,349
  • Edited 10:47pm Nov 3, 2008 8:18pm | Edited 10:47pm
Quoting hongkonger
Hello everybody, do you consider this trade as choppy ? But if we define such kind of trade is choppy.. then a lot of potential trades will be filtered? P.S. this is a failed trade

You mean you went LONG at the 1st vertical brown line or SHORT at the 2nd vertical line?

Either way, it doesn't look like the LAG or MACD are aligned up to take them and this is a invalid signal which should not be traded on this system.
http://img99.imageshack.us/img99/4681/nzdusdmu1.gif

Wicker's RULES.
Long\Buy
ENTRY: First We wait for a long signal alert
GUPPY MMA: The green lines must be above the red lines! Green, Red and Yellow lines must agree and head north. All the lines must be going in the same direction!
LAGUERRE: Laguerre line must cross the 0.15 from below and head up
MACD: This is important! When you get the signal MACD must be above 0
STOP LOSS: 5 points (+spread!) below recent LOW
ALTERNATE STOP LOSS: 20 points on default pairs and 25 point on more volatile pairs such as the GBP pairs and crosses. Choose whatever SL method fits you best
EXIT (combined): When you open a position you can then choose to close half of the position on the first pivot point and let the other half run till the slope direction line goes red
ALTERNATE EXIT: You can choose your own method and close positions at pivot points or when slope direction line goes red after a move, or when price (a new candle) opens on the other side of the volatility channel

http://i197.photobucket.com/albums/a.../LongRuleI.jpg


Short\Sell
ENTRY: First We wait for a short signal alert
GUPPY MMA: The green lines must be below the red lines! Green, Red and Yellow lines must agree and head south.All the lines must be going in the same direction!
LAGUERRE: Laguerre line must cross the 0.75 from above and head down
MACD: This is important! When you get the signal MACD must be below 0
STOP LOSS: 5 points (+spread!) above recent HIGH
ALTERNATE STOP LOSS: 20 points on default pairs and 25 point on more volatile pairs such as the GBP pairs and crosses. Choose whatever SL method fits you best
EXIT (combined): When you open a position you can then choose to close half of the position on the first pivot point and let the other half run till the slope direction line goes blue.
ALTERNATE EXIT: You can choose your own method and close positions at pivot points or when slope direction line goes red after a move, or when price opens on the other side of the volatility channel.

http://i197.photobucket.com/albums/a...ShortRuleI.jpg
Starting to see instead of just looking.
  • #2,350
  • Nov 4, 2008 12:18am Nov 4, 2008 12:18am
I Was Stop Out On Usd/chf Yesterday I Wonder Why This Happen I Took The Trade On Vertical Line With 30 Pips Stop Loss Is It A Good Trade Or Bad Signal Did I Input The Wrong Stop Loss Pls Someone Help
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 119 KB
  • #2,351
  • Nov 4, 2008 1:51am Nov 4, 2008 1:51am
Quoting bigjamo800
I Was Stop Out On Usd/chf Yesterday I Wonder Why This Happen I Took The Trade On Vertical Line With 30 Pips Stop Loss Is It A Good Trade Or Bad Signal Did I Input The Wrong Stop Loss Pls Someone Help

Man I think this is a good entry, all entry rules are meet. But remember:
If you want to get the best out of this system you also need to check news. If there will be a news in few momet with strong reverse impact on trend, I always give up. I do not know if this is the example i'm explained. But do not worry, sometimes there's nothing to do. Trend Follower cannot be the Sacred Graal, but it's so close from it.
  • #2,352
  • Nov 4, 2008 3:50am Nov 4, 2008 3:50am
This is one example of perfect signal from yestrday. Break of support line which become resistance and our perfect signal occur at the beggining of new move with guppy contracted. I simply adore this system.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd perfect set up.gif Size: 44 KB
  • #2,353
  • Nov 4, 2008 4:17am Nov 4, 2008 4:17am
Quoting pilatus
This is one example of perfect signal from yestrday. Break of support line which become resistance and our perfect signal occur at the beggining of new move with guppy contracted. I simply adore this system.
I ride that signal: +380€
  • #2,354
  • Nov 4, 2008 4:23am Nov 4, 2008 4:23am
Hi. Thanks for sharing such a wonderful system with all. I,ve been demo-testing it & it has been so great. Infact I need not look for any other system cos this is all I need. Never understood a system like this one b4. Your explanations were detailed & very comprehensible. Thanks a lot. "THE LIBERAL SOUL SHALL BE MADE FAT & HE THAT WATERETH SHALL BE WATERED ALSO HIMSELF"(Proverbs 11:25). God Bless You. AMEN.
  • #2,355
  • Nov 4, 2008 4:47am Nov 4, 2008 4:47am
Quoting pilatus
This is one example of perfect signal from yestrday. Break of support line which become resistance and our perfect signal occur at the beggining of new move with guppy contracted. I simply adore this system.
pilatus, can you specify what have you used for exit on this trade?
  • #2,356
  • Edited 5:09am Nov 4, 2008 5:07am | Edited 5:09am
Quoting Retal1ator
Man I think this is a good entry, all entry rules are meet. But remember:
If you want to get the best out of this system you also need to check news. If there will be a news in few momet with strong reverse impact on trend, I always give up. I do not know if this is the example i'm explained. But do not worry, sometimes there's nothing to do. Trend Follower cannot be the Sacred Graal, but it's so close from it.

Retal1ator that is a good answer to that question.This no Holy grail or hail Mary passes.You got to be on guard with your stop loss.With the right signal your winning probability is 97% but at times the inevitable seems to happen.Don't let that bother you look for other better trades and opportunity.There is no problem with the system as given by the wicker.
  • #2,357
  • Nov 4, 2008 5:17am Nov 4, 2008 5:17am
Quoting pilatus
This is one example of perfect signal from yestrday. Break of support line which become resistance and our perfect signal occur at the beggining of new move with guppy contracted. I simply adore this system.
I got that trade.
  • #2,358
  • Nov 4, 2008 5:24am Nov 4, 2008 5:24am
Quoting valius
pilatus, can you specify what have you used for exit on this trade?
Valius. Honestly I did not take that trade because I was not on front of screen when signal occured. But, pivot line is the best exit. For that kind of exit you need to have expirience. On that way you need to watch higher time frame too and find mayor S/R levels. If you dont know how to exit use slope line. When slope line change color like on blue vertical line in example below it is time to exit. But you can trail if you want a little longer. There is one method for trailing same good as pivot or slope line. That method in our example of downtrend, is when last resistance become support you exit. So, as long as in downtrend every support become resistance you can stay safely in trade. Viceversa for long trade. Look red horizontal lines.
Hope this help.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd exit.gif Size: 45 KB
  • #2,359
  • Nov 4, 2008 5:37am Nov 4, 2008 5:37am
I pernonally exited when US closed (19:00 in Italy). At 1.2657, at the last resistance.
  • #2,360
  • Nov 4, 2008 5:44am Nov 4, 2008 5:44am
Thank You, pilatus.

I think that the best exit are pivot lines too.
6 traders viewing now