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Trend Follower 5 Minute System

  • #2,401
  • Nov 7, 2008 2:51am Nov 7, 2008 2:51am
Quoting Retal1ator
Not so great today.
Realized P/L: -260€

One trade in SL
One trade missed (my fault...)
One trade closed @ +40€
Yesterday is gone.Today has come.You will recover today.
  • #2,402
  • Nov 7, 2008 4:03am Nov 7, 2008 4:03am
Quoting aje6767
Go long on USDCHF all condition met!
How did this turn out for you? Screenshot?
  • #2,403
  • Nov 7, 2008 4:14am Nov 7, 2008 4:14am
Quoting nicotine
First of all thanks for your reply.I want to ask some questions.
1) You said that "sharp decline against the trend". But the trend was going north and we go long (for 5min timeframe). So question is that how can we decide trend is going south or north ( For example at the H1 timeframe , if the guppy MMAs are in the right order and are they going north can we say trend is going south? but this can be different when we look W1 timeframe ? )

2) And other problem is about Fibonacci Pivots and Pivot Points Multitimeframe indicators. What is the difference among these two indicators? When we use Fibonnaci Pivots,when we use Pivot Points Mutitimeframe?

Sorry for my english.Thanks a lot.
First of all - i am not an expert of this system. I am a beginner just like you.

There was an upwards trend on 1H chart. MMA green lines were above red lines. There was lot of confidence that this trend will continue, but it failed. Anyway, guessing what is the trend at current moment is very subjective .

And i did not trade with pivots in the past, so i cannot answer your second question. But i think both of them are important. Also there are camarilla pivot points....
  • #2,404
  • Nov 7, 2008 7:39am Nov 7, 2008 7:39am
there were few chances to trade in Asia time...
everything goes by nature, don't think difficult.
  • #2,405
  • Nov 8, 2008 2:50am Nov 8, 2008 2:50am
Quoting navin44
How did this turn out for you? Screenshot?
Not much pips realised.Cosed up the trade at 16 pips profit when I percieved that the trade was not going my way.
  • #2,406
  • Nov 10, 2008 12:58pm Nov 10, 2008 12:58pm
Quoting Rastaman
You mean you went LONG at the 1st vertical
Hi Rastaman, my own indicator has displayed a wrong arrow, the up arrow is actually sell, I didnt realize it, thank you for your point out
  • #2,407
  • Nov 10, 2008 1:10pm Nov 10, 2008 1:10pm
Quoting pilatus
Hongkonger sorry but must tell you that you are again making rules that have nothing with TheWicker rules. Who told you how many pips guppy must be contracted, where did you read that guppy must not be wider that 80 pips or stuff like that???
If you are making your own rules to help you judge better that is ok but do not input you rules in forum and confuse other newbies here who will read your posts.
Again, nobody tell you that you can not enter on trade where guppy are expanded if you get valid signal, but you have better PROBABILITIES if you enter earlier.
P.S. In your post 2295 you said" the rainbow is not compressed, I think I will only take the rainbow width <= 60 pips.." and now your...
Absolutely ridiculous!! What I said must be modification to the Wicker's rule? You think that others has no brain and will only follow what I said without interpretation ? The thread has been talking about compressed rainbow will give high probability and expanded ones has more chance to fail, why cant we discuss about the width ? You own this thread? You regard Wicker's rules as bible without room for discussion ? Even Wicker said that there are a lot of handling depending on the trader's own experience.
  • #2,408
  • Edited 9:59pm Nov 10, 2008 1:17pm | Edited 9:59pm
Quoting nicotine
I open 4 positions today and all of them is about at 19:00 on GMT+2. And all of them hit the SL.I know this system isn't holy grail but i want to ask that, did i do something wrong,are they invalid signal or what ?

Note: I draw vertical lines when the signal arrow appear and the other candle.
Regarding your first trade in EURUSD, I think the rainbow is EXPANDED. What does expand mean? If I quantify it, someone here will come out to bite me immediately, actually it is nearly 130 pips wide, and I think it is a less probable trade according to my own backtesting result.
  • #2,409
  • Nov 10, 2008 3:48pm Nov 10, 2008 3:48pm
Quoting hongkonger
Regarding your first trade in EURUSD, I think the rainbow is EXPANDED. What does expand mean? If I quantify it, someone here will come out to bite me immediately, actually it is nearly 130 pips wide, and I think I am a less probable trade according to my own backtesting result.
you said rainbow expanded but i think red green and blue MA not expanded maybe yellow and oranges are expanded but this is not a rule for this strategy, isn't it?

and can someone explain waht is the difference between Fibonacci Pivots and Pivot Points Multitimeframe indicators?
  • #2,410
  • Nov 10, 2008 10:06pm Nov 10, 2008 10:06pm
Quoting nicotine
you said rainbow expanded but i think red green and blue MA not expanded maybe yellow and oranges are expanded but this is not a rule for this strategy, isn't it?

and can someone explain waht is the difference between Fibonacci Pivots and Pivot Points Multitimeframe indicators?
it is not a Wicker's rule but he states that there are a lot of discretions depending on the traders' experience. there was a discussion saying expanded rainbow is a less probable trade, but to what extent will be highly probable? Nobody can quantify it as you can see what happened to me

Fibo Pivots are pivots base on fibo levels, multi-timeframe pivots are pivots catering higher timeframes, as there was a discussion saying that the buy/sell signal is better to be confirming with higher-level timeframes. Someone like Rastaman few pages ago has made a user friendly graphical indicator for it.
  • #2,411
  • Nov 11, 2008 3:42am Nov 11, 2008 3:42am
Quoting hongkonger
Absolutely ridiculous!! What I said must be modification to the Wicker's rule? You think that others has no brain and will only follow what I said without interpretation ? The thread has been talking about compressed rainbow will give high probability and expanded ones has more chance to fail, why cant we discuss about the width ? You own this thread? You regard Wicker's rules as bible without room for discussion ? Even Wicker said that there are a lot of handling depending on the trader's own experience.
First of all do not get emotional is not good for trading. Second thing, people do not read and do not follow the rules and on that way they make this system harder to understand. No body told you what you can or can not post here, post what you want, but try to not make cofusion. Third I follow TheWickers rules strictly, this is the only right way to make profit. Some time in the future you will understand or you will get it.
  • #2,412
  • Nov 11, 2008 2:38pm Nov 11, 2008 2:38pm
http://www.forexfactory.com/attachme...7&d=1185619648
Quoting luxinterior
But for those who don't want to wait the 30 mins for rapidshare to give them access here it is...

Lux
can u tell me how to att. the file to the mt4 ?
  • #2,413
  • Nov 12, 2008 12:26pm Nov 12, 2008 12:26pm
For everyone have MSN Messenger and wants to chat about this method and/or trade together, please add me:
[email protected]

Thank you
  • #2,414
  • Nov 12, 2008 1:37pm Nov 12, 2008 1:37pm
Hello I'm searching for an indicator Laguerre which shows simultinowsly time periods as on picture I'm attaching .Is it an ordinary indicator or someone can put that one in the form as below.
Attached Image (click to enlarge)
Click to Enlarge Name: tfgbpjpy01082007infov2dc4.png Size: 148 KB
  • #2,415
  • Nov 12, 2008 2:03pm Nov 12, 2008 2:03pm
when i trade with this system about 45 days ago, i made good profits but in these days (about 15 days), many of my trades hits the SL.lots of my trades are loss. is this the same with u? is this because of high volatility?
  • #2,416
  • Nov 13, 2008 6:46am Nov 13, 2008 6:46am
My last results with this system:
Day / Balance
1 - 5000
2 - 5150
3 - 5380
4 - 5820
5 - 6240
6 - 5970
7 - 6060
8 - 6870

64.3% positive trades rate
  • #2,417
  • Nov 13, 2008 2:47pm Nov 13, 2008 2:47pm
Quoting nicotine
when i trade with this system about 45 days ago, i made good profits but in these days (about 15 days), many of my trades hits the SL.lots of my trades are loss. is this the same with u? is this because of high volatility?

Yes, high volatility,the period of the year and the general depression in the world economy that is global recession.
  • #2,418
  • Nov 13, 2008 8:08pm Nov 13, 2008 8:08pm
Quoting Retal1ator
My last results with this system:
Day / Balance
1 - 5000
2 - 5150
3 - 5380
4 - 5820
5 - 6240
6 - 5970
7 - 6060
8 - 6870

64.3% positive trades rate
congrates! nice pips you have there
A man with a DREAM will not be denied - L . Carrilo
  • #2,419
  • Nov 14, 2008 12:56am Nov 14, 2008 12:56am
Quoting Retal1ator
My last results with this system:
Day / Balance
1 - 5000
2 - 5150
3 - 5380
4 - 5820
5 - 6240
6 - 5970
7 - 6060
8 - 6870

64.3% positive trades rate
Men you are doing well.More pips to your palm.And more smiles to the bank!.
  • #2,420
  • Nov 14, 2008 6:20am Nov 14, 2008 6:20am
Hello fellow traders, I come here to share an update with you. Nothing important, just a notification that I have now closed comments to the trend follower post at my blog because it reached 140 replies and the page size is getting too big, plus loading times are getting higher.

So in the future you can contact me through pm here or in the contact form through my website. It is however best for everyone involved if you post your questions here in the public forum. Someone might have had the same question/problem as you before and can answer you quickest.

There are a few traders here who seem to have really mastered the system. I am proud of you, accept my congratulations.

To the rookies: These traders here can help you most so listen to them. My suggestion is as it was before to stick to the system rules as they are, so learn from the traders who are trading the unmodified trend follower. Why? Simple, because you need to learn to crawl before you can walk. Once you've been successfully trading the system for at least half a year, you can modify it as you please, because you will get the proper feel of the system and all the indicators and why they are setup the way they are. But chances are that you won't need to modify it, because its good just the way it is. You would do this only if you'd like to add a personal feel to the system your trading, to make it yours.

As much as anyone will try to tell you differently, forex is a gamble. But a controlled gamble. With proper rules and indicators we minimize the risk and maximize the potential profit.

Back to my point... Do not contact me for any problems regarding importing indicators, metatrader issues, basic questions that have been answered time and time again here in the forum or my website. Read the whole thread and you'll most likely see that your question has been answered already. If you do contact me anyway, I will most likely ignore your letter. Only contact me if you seriously have an unanswered questions or recommendation. I am getting such ridiculous emails/pms all the time, from people who are too lazy to go through the thread and find their answers on their own.

Best Regards,
TheWicker.
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