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Trend Follower 5 Minute System

  • #2,541
  • Jan 6, 2009 1:12pm Jan 6, 2009 1:12pm
Quoting fxairy
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...
I trade only this trading system, I do not live from trading so I have work too. Because of that work I can not take every signal, but I can show what is good signal. I will not suggest to abandon your real work because of tf5min system. Not because this system is not good enough but because trading is risky job.
I have never made statistics how often signal occur, because that does not depend on time, that depends on TREND. I can make every month 200 pips. Not week. I enter a trade rear time, because I have job to do and do not want to enter a trade on signal which is only good because all conditions are met. Next, conditions on market changed during time when trend follower was developed, and that means that price sometimes make signal often, sometime not. If you look on gbp/usd whole 2008 you wil find very rare signal at all. Why?? Who knows, probably because conditions on market changed.
I can not tell you if I can make 500 pips per week because that do not depends on my judgment, that depends on TREND again. I do not want to trade a lot this system because it is not scalp system, I want to trade rare and take what market is giving me, but I certainly do not want to enter every trade where conditions are met, just because they are. I want judgment to find a good signal, that is for me support and resistance level. That is way I am posting here signal which I took or I would took if I could. Ok maybe I made a mistake to not post signal when I lost trade. Ok I will do that in the future.
Next, I do not look much on 5 min timeframe, the most thing I do is that I evalute higher time frame, putting there trend lines, fib, and looking for significant support and resistance and PLAN where on chart, or, on what level signal can occur. Then, when I have my idea where market can go, I am looking for signal on 5min according to the rules of system. A lot of time price go in that direction but I do not get signal and I do not trade. I wait for antoher oportunity.
Conclusion!
This system is good but need some rules to be obeyed.
1. It need trending conditions
2. Need that all conditions are met with guppy contracted and steady price-and all that with rebound of significant support/resistance level - hooooh a lot of requirements-but this is way I trade this system.
3. MOST significant rule-need PATIENCE and not only for signal to occur, even for giving price time to develop in nice positive ride/trend.
Hope that helps!
  • #2,542
  • Jan 6, 2009 3:25pm Jan 6, 2009 3:25pm
Hi there,

Just wanted to know, how do you get "yesterday quotation" in the upper left hand corner.

If I add any indicator I loose that feature, I think it is pretty cool.

Thanks
WANT WHAT THE MARKET WANTS...
  • #2,543
  • Jan 6, 2009 5:00pm Jan 6, 2009 5:00pm
Hi

I stumbled across this thread a couple of days ago and was well impressed by the positive comments people had made. I am working my way through all the posts (up to 100 now) and one thing I have noticed is the numerous "improvements" people have offered to the original system I would like to just concentrate on those ideas that are sound so could the experts in this please advise on the following and make my reading easier

1. Has anyone manged to improve on the original strategy and if so how or should I ignore everything but just that stated in Whicker's manual

2.Are there any reliable EA's to assist in trading (ie To alert me to trade entry) and where are they to be found Many different EA's are contained in this thread and it is difficult to know which are good or bad

3. Has the recent market volatilty helped or hindered the reliabilty and success of using the system and in what ways

Some clarity on the above would help me focus on the important posts and ignore the misleading

Thanks
  • #2,544
  • Jan 6, 2009 5:59pm Jan 6, 2009 5:59pm
Quoting theorem
Hi

I stumbled across this thread a couple of days ago and was well impressed by the positive comments people had made. I am working my way through all the posts (up to 100 now) and one thing I have noticed is the numerous "improvements" people have offered to the original system I would like to just concentrate on those ideas that are sound so could the experts in this please advise on the following and make my reading easier

1. Has anyone manged to improve on the original strategy and if so how or should I ignore everything but just that...
I do not know what is the best indicator posted here to use to alert you when all condition are met, but i can tell to you that the wicker version is wit no doubts almost the best configuration. If you want you can visit my blog to check my personal setup with this system, i think you will find it helpful.
To answer your last question, high volatility market brought some loser trades, but the system seems to be profitable also in bad market condition.
  • #2,545
  • Jan 7, 2009 9:29pm Jan 7, 2009 9:29pm
hi guys, thx wicker for share this system with us, i was reading the post trying to understand the system, I thought I understood the system, but in my dema account only have loss trades, I would like help me please guys, and tell me heyy you are wrong in this part jeje i show you a picture of my trade and please tell me if my trade is good or bad please help me to learn byeee guysss and happy new year
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  • #2,546
  • Jan 8, 2009 12:31am Jan 8, 2009 12:31am
Hi guys,

I'm pretty new to Forex and other than learning about money management, I am also extensively trying to learn this 'Trend Follower' system. I think it's one of the easiest system to learn from scratch.

However I have met with a hitch.

I am unable to load the SignalTrendFollower indicator. There is not compilation error or any error dialogue box when I tried to load it in. It just won't run. Any ideas what could be the possible error(s)?

Thanks for any help given. Appreciate it a lot!
  • #2,547
  • Jan 8, 2009 4:56am Jan 8, 2009 4:56am
Quote
hi guys, thx wicker for share this system with us, i was reading the post trying to understand the system, I thought I understood the system, but in my dema account only have loss trades, I would like help me please guys, and tell me heyy you are wrong in this part jeje i show you a picture of my trade and please tell me if my trade is good or bad please help me to learn

The the green lines need to be clearly above the red for a long

see

http://www.bustathief.com/earn-money...rend-follower/
  • #2,548
  • Jan 8, 2009 9:23am Jan 8, 2009 9:23am
Quoting theorem
The the green lines need to be clearly above the red for a long

see

http://www.bustathief.com/earn-money...rend-follower/

thx theorem, and what think abaout that signal? good or bad, i enter in this trade few minutes ago i hope i win some pips bye
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  • #2,549
  • Jan 8, 2009 11:06am Jan 8, 2009 11:06am
Quote
thx theorem, and what think abaout that signal? good or bad, i enter in this trade few minutes ago i hope i win some pips bye

I am not the best person to advise on signals as I have only just discovered this thread myself I have spent quite a few hours reading it from the beginning and if you do the same you should find a lot of good advice I would say however that in my view the guppy bands are rather too wide apart for this to be a good signal.

Cheers
  • #2,550
  • Jan 8, 2009 2:02pm Jan 8, 2009 2:02pm
Quoting jerito
thx theorem, and what think abaout that signal? good or bad, i enter in this trade few minutes ago i hope i win some pips bye
I will answer on your both posts.
First, both of your signals are valid. On first is maybe guppy doubtful but let say that is ok. Problem with first signal is that is in Asian session, so not according the rules (read first posts, this system works best on Europe and New York session), second one is good same as first one but problem with this signal is that is too late. The huge move of 200 pips is behind you....where do you think this price can go?? more 200 pips down?? So, best signal is when price is steady for some time before signal where guppy are not so expanded. In your USD/JPY example guuppy are expanded and that means big move is behind you. Next, price is on DS2 level near monthly pivot. Too late and risky to enter a trade. So if you want to find good signal you can not just wait for signal, you need to analyze higher time frame to find significant support and resistance, you need to determine trend, use some fib. Then when you have plan where price can go you wait to enter on 5min according the system if signal occur of course.
My trick to valuate good signal is that I want to see that price rebound from some signficant support and resistance level before signal occur. Read my post on forum there are lots of nice examples.
Happy trading.!
  • #2,551
  • Jan 8, 2009 2:15pm Jan 8, 2009 2:15pm
Quoting deep3lue
Hi guys,

I'm pretty new to Forex and other than learning about money management, I am also extensively trying to learn this 'Trend Follower' system. I think it's one of the easiest system to learn from scratch.

However I have met with a hitch.

I am unable to load the SignalTrendFollower indicator. There is not compilation error or any error dialogue box when I tried to load it in. It just won't run. Any ideas what could be the possible error(s)?

Thanks for any help given. Appreciate it a lot!
Answer is easy. When you unpacked TF5min indicators make sure that you unpacked indicators in Metatrader/experts/indicators file, make sure that you copy or unpacked "tpl" to Metatrader/template file. Then close and restart your mt4 and open any chart pair in File/new chart and when you get chart, click right click on your mouse and find templates, put your cursor to template and then select "Trend follower - 5min template".
You do not need to drag indicators one by one to chart, just open template as I explain. But be sure that you extract indicators to indicator file in expert and Trend follower 5min.tpl to template file. That is all. Then close and start again your metatrader etc...
  • #2,552
  • Jan 8, 2009 2:54pm Jan 8, 2009 2:54pm
Quote
First, both of your signals are valid. On first is maybe guppy doubtful but let say that is ok.

I was surprised to see that you thought that both signals were valid If you look at the manual from Whicker he says the following for a long

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!

I interpret the 1st chart as that the green is crossing the red but at the time of the signal they are still both mixed together In other words an invalid signal.




  • #2,553
  • Edited 4:16pm Jan 8, 2009 4:04pm | Edited 4:16pm
For Theorem!
I was just asking myself where are those new experts in this system which show themselves here from time to time.?? This signal is invalid for you, but for me looks doubtfull. Did you read what I said?? I was trying to say that although guppy are "DOUBTFUL" LET US SAY for purpose to explain what good signal is, that is valid.But the truth is that is doubtful because of guppy.
Next, signal is invalid more because of time that appeared, than becuase of guppy order.
Now, look this signal long EXAMPLE closely, it is from THEWICKERS blog, and tell me please, where do you see green guppy above red on signal candle????
Maybe he posted invalid signal for example............in other words....
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  • #2,554
  • Jan 8, 2009 5:10pm Jan 8, 2009 5:10pm
Quoting pilatus
For Theorem!
I was just asking myself where are those new experts in this system which show themselves here from time to time.?? This signal is invalid for you, but for me looks doubtfull. Did you read what I said?? I was trying to say that although guppy are "DOUBTFUL" LET US SAY for purpose to explain what good signal is, that is valid.But the truth is that is doubtful because of guppy.
Next, signal is invalid more because of time that appeared, than becuase of guppy order.
Now, look this signal long EXAMPLE closely, it is from THEWICKERS...
Yes, this signal isn't so clear for guppy, but trading isn't just respect some indicator's rules. The wicker maybe watched higher TF and he saw the price was about to breakout...
  • #2,555
  • Jan 8, 2009 5:24pm Jan 8, 2009 5:24pm
Quoting pilatus
For Theorem!

Now, look this signal long EXAMPLE closely, it is from THEWICKERS blog, and tell me please, where do you see green guppy above red on signal candle????
Maybe he posted invalid signal for example............in other words....
In the example I accept it is difficult to make out where the green is at the signal candle but I presume that because it is above the red in the candle immediatley following then this makes it a good signal. Maybe he means to check both candles not just the signal

It is good to discuss these issues as it makes me think clearer about these tricky examples and I learn more Hope you are not offended by my newbie presumptions i hope to learn much from you
  • #2,556
  • Jan 9, 2009 10:37am Jan 9, 2009 10:37am
Quoting theorem
In the example I accept it is difficult to make out where the green is at the signal candle but I presume that because it is above the red in the candle immediatley following then this makes it a good signal. Maybe he means to check both candles not just the signal

It is good to discuss these issues as it makes me think clearer about these tricky examples and I learn more Hope you are not offended by my newbie presumptions i hope to learn much from you
Of course I am not offended do not worry. Look all examples which are on the thread and you will see a lot of good and bad examples. It is very important to understand difference between signals where all conditions are met and signals where it is worth to enter a trade. Both of them are ok according to infcators, lagg is ok, macd is ok, guppy ok. But that guppy ok dos not mean just green above red or vice versa. It si very importnat to enter a trade before nice move, so that you can ride that move. So if you enter a trade where guppy just begin new trend you have better chance to ride a trned than to enter to late where guppy are expanded. Because guppy expanded means that big move is behind you. To solve that problem, use S/R levels and steady price before signal, like in small range pips where price is moving horizontaly.
  • #2,557
  • Jan 9, 2009 11:16am Jan 9, 2009 11:16am
MR.TheWicker,
I have a question here...
1.Using this Trend Follower method,can I use only Green/red arrow,MACD,Slope direction line and laguerre,ignoring guppyMA...?
2.As long as GuppyMA shows correct signal (yellow above green and green above red or vice versa),can I always anter the trade?well,if yes,what other indicators should I check before enter the trade?

Thanks..I love this system,but I hope that I can understand more if you kindly answer this question...

Regards,
Bob
  • #2,558
  • Jan 9, 2009 1:36pm Jan 9, 2009 1:36pm
short trade coming for GBP/JPY
  • #2,559
  • Jan 9, 2009 1:51pm Jan 9, 2009 1:51pm
system says short GBP/JPY

5 lots short 136.83 - demo account

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  • #2,560
  • Jan 9, 2009 2:30pm Jan 9, 2009 2:30pm
This looks to me like a real peach and the hourly trend supports the short. However the only issue is that the MACD is at zero (shame) But could you resist it ?
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