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Trend Follower 5 Minute System

  • #2,581
  • Jan 21, 2009 2:04am Jan 21, 2009 2:04am
Thank
Attached File(s)
File Type: mq4 SignalTrendFollowerEA-V1.2.mq4   25 KB | 1,483 downloads
  • #2,582
  • Jan 21, 2009 6:25am Jan 21, 2009 6:25am
GBP USD Is showing an upcoming signal.

Support had becomed resistant, the Rainbow is wide, but not to much, and price action is low.

Id like to have opinions from some of the users of this system, to check if there is a upcoming signal.

Thanks
Attached Image (click to enlarge)
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  • #2,583
  • Jan 22, 2009 3:28am Jan 22, 2009 3:28am
Quoting BigB@ang
It's not released ... I'm developping it ... It's not ready yet ... but if you want you can test it
Ill give it a go and let u know
  • #2,584
  • Jan 22, 2009 5:26am Jan 22, 2009 5:26am
Sorry for my English, you can to some of the Forum change EA trend follower to reverse the open positions, or Buy with sell and vice versa, as i would like to use it to take the ritracciamenti subsequent to the signal.
Thank you

http://www.forexfactory.com/images/buttons/quote.gif


Quoting skyscraper
I received PM's regarding posting EA. I had stopped posting EA, because I found some people are offended. But anyway, if any of you thinks I should not post the EA then do let me know and I will stop doing it.

Attached EA is completely based on Wicker system. It has flexibility for you turn on and off some filter.

tadinda is doing an excellent job with testing and we are communicating in regular basis.

I will answer some of the question ask in EA regarding TP and all. Meanwhile , take the attached EA and play with it.


Download and compile it...
  • #2,585
  • Jan 22, 2009 5:41am Jan 22, 2009 5:41am
good afternoon evry body
is thise stategy still sucess & strong or no

and what the suitable currencies

thanks for you

alex
  • #2,586
  • Jan 22, 2009 6:46am Jan 22, 2009 6:46am
Great System Kudos The Wicker.

I have attached a Picture of a potential signal on USD/JPY on the 21st of January at 15.05 GMT. Sorry i don't know how to get the picture onto the main screen.

What I wanted to know is this a valid signal? I have come across this situation a few times where the guppy changes direction very quick. I basically have three questions.

1) Is this signal valid? If so why/ If not Why not?

2) I know the rules say green lines MUST be below red but on this signal they seem to overlap? Is this sufficient. You can't really tell if they are below. There is a glimmer of green below red on the siganl Bar. Also how can you tell they are heading south?

3) If the situation arises where greens are below reds BUT YELLOW ORANGE AND BLUE ARE NOT, But yellow heads south is that a valid signal?

Thanks for all your help in advance!
Attached Image (click to enlarge)
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  • #2,587
  • Jan 22, 2009 7:27am Jan 22, 2009 7:27am
these last signal is true signal or fals

thanks for you
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  • #2,588
  • Edited 7:45am Jan 22, 2009 7:31am | Edited 7:45am
Quoting ThinkFX
GBP USD Is showing an upcoming signal.

Support had becomed resistant, the Rainbow is wide, but not to much, and price action is low.

Id like to have opinions from some of the users of this system, to check if there is a upcoming signal.

Thanks
Attachment
This is not a good setup you are showing.

See the chart I have posted for a good example. Burn this picture into your brain and look for this type setup. After you have traded the system for long enough you will know the general pattern.

First, read the rules for the system which are on the first page of the thread.

Once you understand them then you will start to understand the setups better.

The best signals come out of areas of areas of consolidation (the trendlines are tightly bunched but in the proper order). The ones that occur after the price has moved "a lot" are lower probability trades. Sometimes they work out fine -- many times they don't. I suggest only taking the higher probability trades. Many times they come out of consolidations that occur immediately before the open of the London session or US.

These setups don't occur very often and they are hard to spot sometimes.

All this has been explained earlier in the thread. Read all of it to get a better understanding of the system and the best setups.

See this explanation by TheWicker for more info:
http://www.forexfactory.com/showpost...9&postcount=51

Good luck with it.
PD
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: trend follower setup-1.gif Size: 55 KB
  • #2,589
  • Jan 22, 2009 7:35am Jan 22, 2009 7:35am
Quoting alex90
these last signal is true signal or fals

thanks for you
If you are asking about the 18:10 candle; it is not a signal since the laguerre has not gone above 75 and moved down within the last one or two candles as stated in the rules in the first post.
  • #2,590
  • Jan 22, 2009 8:15am Jan 22, 2009 8:15am
Quoting PistolDave
If you are asking about the 18:10 candle; it is not a signal since the laguerre has not gone above 75 and moved down within the last one or two candles as stated in the rules in the first post.
ok im with u but look at these cahrt and look at the laguerrre
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  • #2,591
  • Jan 23, 2009 12:08am Jan 23, 2009 12:08am
Quoting PistolDave
This is not a good setup you are showing.

See the chart I have posted for a good example. Burn this picture into your brain and look for this type setup. After you have traded the system for long enough you will know the general pattern.

First, read the rules for the system which are on the first page of the thread.

Once you understand them then you will start to understand the setups better.

The best signals come out of areas of areas of consolidation (the trendlines are tightly bunched but in the proper order). The ones that occur...
Excelent explanation of good set up. Seems that you really good understand what qualitiy signal is. Every conditions are present in your example: price, steady for some time or as you say consolidation, price could not breach pivot point up and rebound from it, guppy not expanded, all conditions good considering MACD and LAG and most imortant thing signal is in direction of mayor trend. Excelent. I would really like to see more examples like this one here. Well done PD.
  • #2,592
  • Jan 23, 2009 9:02am Jan 23, 2009 9:02am
it is possible to edit EA expert trend follower so as to not operate if the price is below or above S3 and R3
esempio
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  • #2,593
  • Edited 9:26am Jan 23, 2009 9:25am | Edited 9:26am
Quoting alex90
ok im with u but look at these cahrt and look at the laguerrre
I did look at it.

That is exactly what I was trying to say in my answer to you.

The Laguerre on your setup has to start out ABOVE 0.75 and be moving DOWN from there.

That is clearly explained in the rules in the first post.

In your example does the laguerre ever get above 0.75? No.
  • #2,594
  • Jan 23, 2009 9:48am Jan 23, 2009 9:48am
Quoting pilatus
Excelent explanation of good set up. Seems that you really good understand what qualitiy signal is. Every conditions are present in your example: price, steady for some time or as you say consolidation, price could not breach pivot point up and rebound from it, guppy not expanded, all conditions good considering MACD and LAG and most imortant thing signal is in direction of mayor trend. Excelent. I would really like to see more examples like this one here. Well done PD.
Thank you pilatus.

That example is indeed a very good setup. Unfortunately they don't happen like that very often and I usually seem to be gone when they do happen.

I had quit studying this method for a long time and was working on some other systems when I came back to review it.

I was exploring the possibility of using this method for trading the daily TF, but it lags too far behind the price action to be of any use on that. It really is only effective on the M5 I think.

I don't see much use for this system, honestly. There are others that will produce many more setups in a day with just as much profit potential and no more risk than this one.

I'm mainly working with the THV v2 system by Cobra, and it's as good as any M5 trading strategy as I have seen. A lot better than this one. You can find it here on FF if you are interested.

This will probably be my last post on this.

Good trading to you,
PistolDave
  • #2,595
  • Edited 12:37pm Jan 23, 2009 12:25pm | Edited 12:37pm
Quoting barnaba
it is possible to edit EA expert trend follower so as to not operate if the price is below or above S3 and R3
esempio
Barnaba!
After I saw your chart I strongly recommend you to read book about trading called "Bird Watching in Lion Country" by Dirk du Toit. If you look for signals on such a big zoom that you have on and if you look only on 5 min time frame then you do not see what is really happening in market. All others indicator that you have on your chart are unnecessary and will more not help you than really help you. Do not be like fly from the picture.
Attached Image
  • #2,596
  • Jan 26, 2009 12:24pm Jan 26, 2009 12:24pm
Excelent signal today.
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  • #2,597
  • Edited 3:38pm Jan 26, 2009 2:51pm | Edited 3:38pm
Hey ,PILATUS I also take it !!!!! EXCELENT SIGNAL , what other system do you use?? sorry for my english

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Is this signal right on GBP/USD ??? If I were take it I get more than 100 pips

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  • #2,598
  • Jan 26, 2009 5:57pm Jan 26, 2009 5:57pm
Quoting Guserazo
Hey ,PILATUS I also take it !!!!! EXCELENT SIGNAL , what other system do you use?? sorry for my english

Attachment




Is this signal right on GBP/USD ??? If I were take it I get more than 100 pips

Attachment

I think it was a valid trade ...
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Juntando pips .... esa es la idea
  • #2,599
  • Jan 28, 2009 12:55pm Jan 28, 2009 12:55pm
Hi everybody there!
Iam new here,i want to thank all people who made this system,its very very great!

I need your help guys since iam looking for an indicator working good with trend following system and can alert me if there is possible trade because i cant stay all the day in front of my pc watching the charts! Many times i lost alot of trades because i didnt see it in time! Please help!

Thanks for helping
Hussam
  • #2,600
  • Jan 28, 2009 5:40pm Jan 28, 2009 5:40pm
Quoting BigB@ang
I think it was a valid trade ...
Hi BB nice template ,,

could you post it withe Gmma in sperate window ??


regards
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