Nice example, thanks !
Trend Follower 5 Minute System
I just started trading the system on demo recently, and I wanted to wish everyone here a blessed and safe holiday season -- and a very profitable new year.
I'm still reading through all the large number of posts to understand the system completely.
A special thanks to TheWicker and everyone who is helping to explain the system to us all.
Here's a small gift for everyone:
It's a youtube video called "The Whipsaw Song" by trading legend Ed Seykota.
It's not new -- it's been here before -- but it's funny and it's something to keep you entertained while you wait for the next trade. I hope you enjoy it.
http://www.youtube.com/watch?v=LiE1VgWdcQM
Best wishes,
PistolDave
I'm still reading through all the large number of posts to understand the system completely.
A special thanks to TheWicker and everyone who is helping to explain the system to us all.
Here's a small gift for everyone:
It's a youtube video called "The Whipsaw Song" by trading legend Ed Seykota.
It's not new -- it's been here before -- but it's funny and it's something to keep you entertained while you wait for the next trade. I hope you enjoy it.
http://www.youtube.com/watch?v=LiE1VgWdcQM
Best wishes,
PistolDave
- #2,528
- Jan 3, 2009 6:06am Jan 3, 2009 6:06am
- Joined Sep 2008 | Status: Trader | 2,298 Posts
Starting to see instead of just looking.
Hi..
Thanks alot for this great thread and the trend follower system...
Is there any EA for this system...??
I would be so grateful that somebody kindly put it here for me...
Thanks...
Ahmed
To answer your question, I think there will never be an EA for this strategy. When you open a trade with this method you have to check not only indicators signals but also major trends and see if the price is on a support/resistance level... For this reason, to avoid loss, I think it's better for you if you hold on with manual trading
Hi!
To answer your question, I think there will never be an EA for this strategy. When you open a trade with this method you have to check not only indicators signals but also major trends and see if the price is on a support/resistance level... For this reason, to avoid loss, I think it's better for you if you hold on with manual trading
hi, i have download the original TF system from The Wicker blog and use Pual EA. but i find that i only get my signal (EMA crossover signal) at the candlestick bar itself after the 2nd candlestick had formed. i never get my signal on its candlestick on the spot.
which mean i cannot take the trade At The SIGNAL BAR if all the condition met.
anyone have any idea what is happening?
thanks
which mean i cannot take the trade At The SIGNAL BAR if all the condition met.
anyone have any idea what is happening?
thanks
- #2,534
- Jan 5, 2009 11:17am Jan 5, 2009 11:17am
hi, i have download the original TF system from The Wicker blog and use Pual EA. but i find that i only get my signal (EMA crossover signal) at the candlestick bar itself after the 2nd candlestick had formed. i never get my signal on its candlestick on the spot.
which mean i cannot take the trade At The SIGNAL BAR if all the condition met.
anyone have any idea what is happening?
thanks
MACD would be ok to enter a trade.
Signal EMA cross never occur before candle close.
hi, Pilatus thanks for your kindly reply
i take the EURUSD 5M chart below as an example (though is not a good example) for clarification.
From what you have mentioned:
"Taking a trade when all conditions are met at signal bar means that you do not have to wait that second candle close and you can take trade immediately."
and The Wicker have mentioned in the TF FAQ:
"If all the conditions are met: a) At The SIGNAL BAR | WE TAKE THE TRADE
b) 1st BAR after SIGNAL (we have to wait for the close of that bar) | WE TAKE THE TRADE
c) if conditions are only met at 2nd BAR after SIGNAL or after (MACD only now crossed 0 or another indicator…)| We DO NOT TAKE THE TRADE
Again in other words:
We could also say that our entry is the first tick after the signal bar. We can not enter at the signal bar, because we have first to wait for the signal bar to occur.We then can enter right away at the next tick or we wait till the close of that tick for the conditions to meet, if they do meet, otherwise we don’t take the trade.
Does it mean that we cannot take the trade at the first line as the MACD is not yet above 0.
we only take the trade either at second line if we do not want to wait the close of the candle at the second line or at third line if we want to wait for the close of the candle second line?
thanks again
i take the EURUSD 5M chart below as an example (though is not a good example) for clarification.
From what you have mentioned:
"Taking a trade when all conditions are met at signal bar means that you do not have to wait that second candle close and you can take trade immediately."
and The Wicker have mentioned in the TF FAQ:
"If all the conditions are met: a) At The SIGNAL BAR | WE TAKE THE TRADE
b) 1st BAR after SIGNAL (we have to wait for the close of that bar) | WE TAKE THE TRADE
c) if conditions are only met at 2nd BAR after SIGNAL or after (MACD only now crossed 0 or another indicator…)| We DO NOT TAKE THE TRADE
Again in other words:
We could also say that our entry is the first tick after the signal bar. We can not enter at the signal bar, because we have first to wait for the signal bar to occur.We then can enter right away at the next tick or we wait till the close of that tick for the conditions to meet, if they do meet, otherwise we don’t take the trade.
Does it mean that we cannot take the trade at the first line as the MACD is not yet above 0.
we only take the trade either at second line if we do not want to wait the close of the candle at the second line or at third line if we want to wait for the close of the candle second line?
thanks again
hi, Pilatus thanks for your kindly reply
i take the EURUSD 5M chart below as an example (though is not a good example) for clarification.
From what you have mentioned:
"Taking a trade when all conditions are met at signal bar means that you do not have to wait that second candle close and you can take trade immediately."
and The Wicker have mentioned in the TF FAQ:
"If all the conditions are met: a) At The SIGNAL BAR | WE TAKE THE TRADE
b) 1st BAR after SIGNAL (we have to wait for the close of that bar) | [b]WE TAKE THE...
Not a any valid signal here sorry. IF at first vertical line macd was ok you could enter on close of that candle, but this is last time. The thing that is confusing you is that signal apear only when one candle close. So, when you get the signal you will get it for interval of 5 min just behind you. For example. You start to look your charts at 10:00 and on 10:05 new candles start to form. Just when new candle start to form you will get signal arrow but above the candle which form interval was between 10:00 and 10:05. If all conditions are met at...
so this is an example of trade that we should not go long.
Hi pilatus
I'm very glad to see you here in the new 2009.
Plz tell me, do u trade only by this trading system? If yes, I think you look at your monitor every 10-15 minutes in during the day. So every day.
Of course I try to do as you. But I working....in the my real life. And very hard to сombine this system with my work. I know this system very good..and I think, may be forgot about my real work? And trade by this system? ))) And.....how often you get signals? last 2 month? Can you make every week near 300-500 pips? Sorry but I really need in this answers
Thanks!
Juliya
I'm very glad to see you here in the new 2009.
Plz tell me, do u trade only by this trading system? If yes, I think you look at your monitor every 10-15 minutes in during the day. So every day.
Of course I try to do as you. But I working....in the my real life. And very hard to сombine this system with my work. I know this system very good..and I think, may be forgot about my real work?
And trade by this system? ))) And.....how often you get signals? last 2 month? Can you make every week near 300-500 pips? Sorry but I really need in this answers Thanks!
Juliya
Hi pilatus
I'm very glad to see you here in the new 2009.
Plz tell me, do u trade only by this trading system? If yes, I think you look at your monitor every 10-15 minutes in during the day. So every day.
Of course I try to do as you. But I working....in the my real life. And very hard to сombine this system with my work. I know this system very good..and I think, may be forgot about my real work?
Once you gained a good knowledge about forex and you've masterfulled this system you can also fuck up you current job and start to earn real money. It doesn't matter how much pips do you do in a month or a year....
If you do only 5 pips a day, for example, it's enough! 5 pips may be 50$ trading 1 lot/trade... but it can also be 5.000$... 50.000$... 5.000.000 and much more! It only depends by your found... And if you have a profitable system you can build your bankroll day by day...