5Min Intraday System | Page 26 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Forex intraday using the 5min chart: EURUSD 108 replies

The Force 5min system 3,806 replies

Intraday Pound Trades on 5min chart [GBPUSD] 36 replies

5min Bollinger breakout system 42 replies

Attachments: 5Min Intraday System
Exit Attachments

5Min Intraday System

  • #501
  • Mar 13, 2007 5:10am Mar 13, 2007 5:10am
Quoting mtan_msg
Anyone knows where could I get the .mq4 for woodie ZLR ?
...send you a pm!

Please don't confuse this thread with basic woodie questions (start a new thread or pm me)! Thanks
  • #502
  • Mar 13, 2007 3:27pm Mar 13, 2007 3:27pm
Quoting Chandra
Pull the Moving Angle Indicator on to the window of SMAANGLE (Not on to the window of price chart). Now, after pulling the Moving Average Indicator on to the SMAANGL window, you get the option to apply it on to "first Indicator data". Apply it! In fact, as you have already found the apply to "first Indicator data" option, it means you were already pulled the MA indicator on to the SMAANGLE window. You get the "first Indicator data" option ONLY when the MA is pulled on to the SMAANGLE window.
Hi Chandra

Tx a lot, it works. I didn't know about the pull function. I had my 1st trade today @ 18H03 on GBP$ today and made 20 pips profit. Working on some rules for this system to work for me - will post in a few days time for comments. I do enjoy this system and see a great possibilities coming from this system.

I also have a profit factor calculation adapted from a e-article:

Average of all winning trades ($) X % positive trades of all trades
Average of all losing trades ($) % negative trades of all trades

Outcome:
1. Less than 1.5 = Not good
2. Between 1.5 & 3.0 = Good
3. More than 3.0 = Excellent

We are looking at more than 3.0 profit factor with this system.


Tx again

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #503
  • Mar 13, 2007 3:29pm Mar 13, 2007 3:29pm
Quoting kunz78
Megaforex

The name of the expert is "PhilNel Expert" and is an EX4 file and you can fid in the list of the attachments.

GoodLuck,

Mat
Hi Mat

Tx for your help, I was out of town for a few days.

Megaforex, hope your problem is solved. I am also learning a lot from all the participants.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #504
  • Mar 14, 2007 6:12am Mar 14, 2007 6:12am
Thanks for you help. I love you all.
  • #505
  • Mar 14, 2007 2:24pm Mar 14, 2007 2:24pm
Hi all

Just my own rules (summarised) for using Phillip's system to ensure one trades within the rules with discipline.

Willem
Attached File(s)
File Type: doc 5 min MA intraday trading system.doc   29 KB | 2,091 downloads
Willem Forex recipe for success = Patience, discipline & hard work.
  • #506
  • Mar 14, 2007 2:33pm Mar 14, 2007 2:33pm
Just to say I am still alive and well. Some trades I did today. The UsdJpy went so quick so i let it run and took profit at 20 pips
Attached Images
  • #507
  • Mar 14, 2007 2:36pm Mar 14, 2007 2:36pm
Quoting Golfer
Hi all

Just my own rules (summarised) for using Phillip's system to ensure one trades within the rules with discipline.

Willem
Thank you. That sums it all up.
  • #508
  • Mar 14, 2007 2:57pm Mar 14, 2007 2:57pm
Yet another 10 pips on UsdJpy
Attached Image
  • #509
  • Edited 4:59pm Mar 14, 2007 4:57pm | Edited 4:59pm
Quoting Golfer
Hi all

Just my own rules (summarised) for using Phillip's system to ensure one trades within the rules with discipline.
2. The criteria:

2.1 Wait for the 50SMA angle to be more that 20 degree (indicator will show bars more than 20 value)

2.2 Wait for 21EMA on SMAangle indicator to cross the 10 degree line

2.3 Wait for price to pull back through 10EMA to 21EMA

Willem
Hi Willem,
Good rules list!.
I have highlighted rule 2.1 and 2.2.
My question to you and to others is:
(i) The SMAANGLE idicator, does its hight represent the angle one to one basis? If the hight is 0.515000, what is angle?
(ii) Same question applies to the 21EMA drawn on the value of the SMAANGLE indicator. How does it represent the actual angle of the MA?
Phillip said, he will be "COMFORTABLE" that the angle is plus 20 degrees (or, minus 20 degrees) when the 21 EMA is at plus 0.1 (or minus 0.1).
-Chandra
  • #510
  • Mar 14, 2007 5:05pm Mar 14, 2007 5:05pm
Quoting Phillip Nel
Just to say I am still alive and well. Some trades I did today. The UsdJpy went so quick so i let it run and took profit at 20 pips
Phillip, How do you find time for all these trades!
If you tell us what time U start your trade, at what frequency you switch from 5-min to 4-hr to 1-hr and, finally to our day job, it helps us.

By the way, it is easy for you because you have 48 hours in your day in South Africa. We have only 24 hours for us here, all ice covered and semi-dark.
-Chandra
  • #511
  • Mar 14, 2007 5:07pm Mar 14, 2007 5:07pm
Quoting Phillip Nel
Thank you. That sums it all up.
Phillip, You say "It sums it all up", but I have raised some questions about measurement of angles of 50 MA on price chart and the 21 EMA on SMAANGLE indicator. I have posted those questions. Please have look and commnet.
Thanks.
-Chandra
  • #512
  • Mar 14, 2007 5:10pm Mar 14, 2007 5:10pm
Quoting Phillip Nel
Yet another 10 pips on UsdJpy
Phillip,
I notice in your 5-min chart you do not use that dot-alert EA. I feel the whole 5-min strategy is so simple you dont need any other help, except, if one wants let loose a EA to trade.
-Chandra
  • #513
  • Mar 15, 2007 1:05am Mar 15, 2007 1:05am
Quoting Chandra
Hi Willem,
Good rules list!.
I have highlighted rule 2.1 and 2.2.
My question to you and to others is:
(i) The SMAANGLE idicator, does its hight represent the angle one to one basis? If the hight is 0.515000, what is angle?
(ii) Same question applies to the 21EMA drawn on the value of the SMAANGLE indicator. How does it represent the actual angle of the MA?
Phillip said, he will be "COMFORTABLE" that the angle is plus 20 degrees (or, minus 20 degrees) when the 21 EMA is at plus 0.1 (or minus 0.1).
-Chandra
Hi Chandra

Tx for the comments. I did a bit of back testing over the weekend (took 4 weeks in January and analise all the trades on EURU$) and I found that if the SMAangle indicator is above or below 0.2, I do have a high probalility trade setup with a maximum of two pull backs - 2 trade setup. After that the price tends to cross over or becomes choppy.

I am not sure about the angle and high of the bars of the SMAangle indicator but that is what I've observed during that 4 weeks in Janaury. I am also not sure about the 21EMA on the SMAangle indicator. I only look for the 21EMA to cross the 0.1 line (Phillip's recommendation) and the SMAangle bars to be above 0.2 - then I am taking the trade.

Currently I am testing my rules with a demo account - I do believe in demo trading rather than exstensive paper trading/back testing.

Unfortunately our firewall here at work doesn't allow me access to InterbankFX's platform - so I cannot post my trade examples right now. I'll do that later this afternoon (South Africa time) when I am back at home (lovely sunshine in the centre of South Africa).

I'll also post the outcome of the analises on a Excel spreadsheet.

Talk to you later today

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #514
  • Mar 15, 2007 1:15am Mar 15, 2007 1:15am
Quoting Chandra
Phillip,
I notice in your 5-min chart you do not use that dot-alert EA. I feel the whole 5-min strategy is so simple you dont need any other help, except, if one wants let loose a EA to trade.
-Chandra
Hi Chandra

Sorry to comment on the question to Phillip but I also use the dot-alert indicator just to alert me of the first trade setup. I do use my laptop for other purposes (working on word documents) while my trading platform is open, therefore I don't look at the charts every 5 minutes (missed two great set-ups yesterday because the indicator was not yet installed on the JPY/U$ chart).

If you do have a PC with two or more screen - that it a different ball game.

The dot-alert EA just tells me that I should stop my other work, start looking at my trading platform and identify the correct trade setup according to my rules. After the initial/first alert, I tend to ignore the signals and take my own trades.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #515
  • Mar 15, 2007 1:20am Mar 15, 2007 1:20am
Quoting Chandra
Hi Willem,
Good rules list!.
I have highlighted rule 2.1 and 2.2.
My question to you and to others is:
(i) The SMAANGLE idicator, does its hight represent the angle one to one basis? If the hight is 0.515000, what is angle?
(ii) Same question applies to the 21EMA drawn on the value of the SMAANGLE indicator. How does it represent the actual angle of the MA?
Phillip said, he will be "COMFORTABLE" that the angle is plus 20 degrees (or, minus 20 degrees) when the 21 EMA is at plus 0.1 (or minus 0.1).
-Chandra
Hi Phillp

Could you please comment on Chandra's questions once your are back on this thread? I also would like to hear your comments because I am really interested in this system. A friend of mine and myself were looking for a system like this and this one definitely make sense to me. With the 4h MACD system, I want to take this further.

Willem
Willem Forex recipe for success = Patience, discipline & hard work.
  • #516
  • Mar 15, 2007 5:38am Mar 15, 2007 5:38am
Hi Mobsie,
Thanks for your effort.

I 'm trying your EA for 2 days, It 's so great, but why It open only 1 position in 1 time ? , is it right ?, How to open 1 position for each pairs at one time ? If I add EA to charts of 4 majors, can it open maximum 4 positions at the same time ( 1 position for each pair => 4 positions for 4 pairs) ?. Thanks.

Megaforex
  • #517
  • Mar 15, 2007 10:24am Mar 15, 2007 10:24am
Two trades I did today. Only got home when the first deal was done.
Attached Image
  • #518
  • Mar 15, 2007 10:36am Mar 15, 2007 10:36am
Info
Attached File(s)
File Type: zip 5 Min Strategy.zip   740 KB | 2,594 downloads
  • #519
  • Mar 15, 2007 1:09pm Mar 15, 2007 1:09pm
Phillip, thank you for the audio today, it was very helpful. One question though . . .

In post #485, you wrote that your settings on the SMAAngle indicator is:

50
0.15 (Angle Treshold)
2
0

But towards the very end of today's audio (about 6:10), you mentioned both .2 and .23 degrees. Please clarify the proper indicator setting.

Thank you kindly.
  • #520
  • Mar 15, 2007 1:23pm Mar 15, 2007 1:23pm
Quoting fxque
Phillip, thank you for the audio today, it was very helpful. One question though . . .

In post #485, you wrote that your settings on the SMAAngle indicator is:

50
0.15 (Angle Treshold)
2
0

But towards the very end of today's audio (about 6:10), you mentioned both .2 and .23 degrees. Please clarify the proper indicator setting.

Thank you kindly.
I just changed mine from 0.15 to 0.23 and it does not change anything. Can you check and let me know. The angle should be 0.23 to 0.25.
Thanks for showing it to me.
2 traders viewing now