Trend Follower 5 Minute System

I used this system on demo and real account.I think best suitable timeframe is H1 and H4. You can miss some signals on these charts but they are more trustable then signals on 5min chart.
You can take +200 pips around every week on H1 and H4.
For example look at GBPUSD for last two days on H1. There are two excellent signals.
And for next week, look at USDCAD Daily chart.Signal will come when this day is close.I will open a long position USDCAD next week.

Look at this chart.After this candle close, i will open a long position but only problem is that today is friday

I have been watching this past few weeks and i will agree that 5 min. TF only
did not look very good .Need confirmation on 1 h TF or just plain 1 to 4 h TF.

Hi.
Thanks nicotine and plasvegas for answering. I will try 1h-4h time frame.I hope it will be good.

Thanks for helping

OK thanks Kuky

Guys you are going to loose money...be careful with those higer time frame. Just to alert you that you stop loss is much bigger if you trade on higer time frame. Now, are you able to put stop loss more than 150 pips? The problem is not in system, problem is in your way of trading. We had 4 excelent signals these last week. Mostly on eur/usd, usd/chf and aud/usd with average stop loss aobut 25-30 pips. I made more than 300 pips these last week. This is excelent system and do not need any change. Just have PATIENCE and you will discover good signals.

pilatus, yes SL is higher in 1h chart but profit is higher too. This is loss : profit ratio. You take 30 pips in 5min chart, i take 200 pips in 1h chart.
I think u are right but, it is about your capital.If u have a big capital u can use 1h chart if not u can use 5min chart.

And resistance isnt important in 1 hour chart.For example signal occurs in 5min chart but the price is on the resistance level, so u dont open a postion.But in one hour chart u can open it.
I use this system about 4 month in demo and real account all timeframes and 1H chart is suitable for me.
I will send some graphs and istatistics about this system today.

(Sorry for my english)

Who told you that I take 30 pips in 5 min TF?' Where did you read this data? Yes sometimes I take 30 pips but this is a situation where market gives me 30 pips, but sometimes it gives me 200-300 pips in one trade. When market gives me 30 pips it will give it to you too whatever time frame you use. If price do not go further it will not go on any time frame.
Next, if you think that support and resistance levels are not important in trading you will for SURE loose money. Remember one thing, ONLY thing that works all the time in spot forex trading are support and resistance levels and will always do. Every indicator that you can find in your tools on your platform most of the times DO NOT work in spot fx market. I am following another way of trading too, and I started to trade this other system recently and I can tell you that TF5min almost all the time match enter with this other system. This system is based on finding good support and resitance levels. Next, I do not know if that was his intentions but TheWicker developed this system which can find levels with big volumes. Market if you did not know is moving from one large volume to another. Just when price want to rocket from one volume to another one tf5min gives as signal. Do not want to argue with you which time frame is better but as I told houndred of time on this thread TheWicker is not stuoid guy and he intentionaly choose 5 min tf because he tested it and 5 min gives best results. But, what you want to trade is your part. As I tested a little this on higher time frame 30 min looks better than 1 or 4. But the best is 5 min. I am waiting to see your results in 1h.

Pilatus
when was nice signals for last week ???
I think 3 february 14,35 h. cenral europe Eur/USD and next ???
thank

Ok here are signal, pips are counted when slope line change direction/color. I have intentionaly remove pivot lines to get clear picture.

Two more nice examples:

And another one excelent signal:

Pitalus i think u dont understand me or i did not tell u because of my bad english.I dont want to say support and resistance levels are not important.
Now i can not tell it sorry about it, but i have experince in FX market more than 3 years.
Anyway These are some istatistics about this system from 13.01.2009 to 23.01.2009. ( GMT +2)
There are 3 loss postion and two of them are in m15 chart.I want to tell this, bigger timeframe is good for me maybe not for u but it is good for ME.
Everyone is free to use every timeframe

And i take about +60 pips in these positions , but look them u can take more, i exit early eveytime!

EDIT:

"TheWicker is not stuoid guy and he intentionaly choose 5 min tf because he tested it and 5 min gives best results." you said but wicker said that i didnt test it other timeframes and i think Paul tried it and gave some istatictics about 1h chart previous posts.

Buddy you do not need to apologize me, you are saying what you think and that is ok. Just want to save you time to experiment because soon or later you will doscover that original system is the best. Read the forum you will find a lot of people saying that after they tried a lot of improvement.

Pilatus
thank for your charts . I want ask, did you change gamma parameter in Laguere or what ?? In aud/usd trade from3 february my Laguerre even didnt drop below 0,15(just bounce from 0,15 level) and in your chart is nice cross under 0,15 to above . I didnt change parameter, my gamma is 0,66.

No buddy, I did not change anything in original settings. My gamma is 0,66 too, but problem is in brokers quotation. As you can see laguerre and MACD are changing their value according to price movement. So, if you broker has a slitly different price movement then mine laguerre will show different value too. This time my chart had set up, next time your chart will produce set up mine not. If you compare price movement of several broker you will find out that they are not the same.
That is something what should not bother you. IF you have set up trade if you have not set up do not trade. If you do not want to miss good trade use several brokers and compare, if you doubt in signal on one you can see what is happening on other.
It happen a lot of time that laguerre just rebound from 0,15 or 0,75 and on other broker chart laguerre cross 0,15/0,75. From my expirience a lot of time happen that price just rebound from 0,15 more than 0,75. But that is information which is not usefull in trading, just my expirience and do not use that data as benchmark for trading. IF you have good set up trade and if you doubt in signal pass the trade, that is my recommendation.
Read the whole thread here do some homework, there is a plenty of recommendation how to trade this excelent system and how to recognize good set up. I posted a lot of posts" how to" and if you just read them you will find out how to trade. Stick it with the original rules from TheWIcker. Sometimes makes me said when I see new trader of this system asking a question about improvement of this system. Why??
Because, that newbies do not want to learn and use information which are on the first post. Do you know why? Because newbies are impatient, they want signal all the time all day and every with 200 pips. That does not exists in trading spot fx. You can take what market is GIVING to you. IF there is range and no trend you can not trade this system. But that is good, because after range will come trend. Range people hate but I love it. Because range is a first signal that I should be alert because trend is prepairing to come. Price is moving from one range to another or from one volume to another. This system has very good capability to recognize rebound from level with big volume. Soemtime of course miss it but that all system do. If you arm yourself with patience and plan and wait for good set up you will be succesful. SO, if you want to save your time, and not to spare your time in changing this excelent system, rather learn how to recognize good signals. Or use shortcut and read this thread or read what TheWcker said only. I posted at least 20 times what good signal is. And I will do that again.
Good signal is where price is steady from some time before signal. Price is in some kind of small range, guppy are not expanded but rather contracted, sticking together, MACD and laguerre are in proper order and price can not break some mayor support/resistance from which( example: guppy are in short order and price all the time rebound from some resistance and can not break it) price will continue in trend.
See my last examples, you will see that guppy are not expanded much, that means price did not move so much before signal. YOu should look for that.
And that is all. All you need to know about trading this system is in last few sentences here. This is esential. One more thing, analyize higher time frame to recognize trend, and use only signals which are in direction of mayor trend.
I wrote this kind of post houndered times on this thread.
Any question you have post it here, but please save our time to discuss about changing something. If you discover that something should be changed than you first test it make better results and than post it here.
Good luck in your trading.

Nicotine, can you please tell me how much stop loss did you have on those 1 and 4 hours time frames? Becase if if you took 60-70 pips and your stop loss was 100 that is not good risk reward ratio....

Pilatus
thank you I red all your posts and I think I have no problem distinguish nice signal. One and only problem is keep attention and watch on chart. Often happen ,that I watching to chart whole day,I stopped observe chart,from any reason, for example 30 minutes and I missed signal. Thats just my luck. I have installed trend follower alert too ,but is no possible always hear the sound.
I would like ask do you watch on more than 1-2 pairs in same time ???

Well I have alert forwarded to my email. From my email to my mobile. SO I get on my mobile in 2 sec message after signal occur.G to tools/optins/e-mail and there you can set up to get signal on your mail. Ask you mobile provider hot to get email on your mobile that is all. But you can not trade on that way succsessfuly. You need to evaluate higher time frame, determine mayor support and resistance and plan your possible trade. Signal would not occur just like that. You have plenty of time to predict that signal can occur. IF guppy are set up for long but laguerre is highly up you can check from time to time that leguerre go down in oversold area.IF laguerre is once down you are near possible signal etc.
I watch all 7 pairs that Wicker recommended. All have in 5 min tf template and all of them naked on 1 hour in purpose to analyize trend and mayor support and resistance. If you mentioned that very important is tht guppy are contracted and when that almost all the time happen? That happen where new trend begin but not always, most of the time. Look at my chart that is case on usd/chf. But that is not the rule just help.
One thing else. I very well know and sometimes even count correlation between pairs. For example, if eur/usd go long, usd&chf mostly go short. Aud/usd go with eur/usd etc. So if I get signal on aud/usd I check if eur/usd is going in same direction too.

Pilatus
Yes
I agree .thank for advice.
I like to draw in chart trend line and SL level too. I see on potential of trade too . When daily average move is 200 pips and today we moved 190pips I dont take trade in direction of move . I dont like trade usd/jpy and gbp/usd because I think it needs bigger SL. Yes correlation is very helpful.

What about trade before open London.??? Do you take it ?? It dangerous because very often in open London price make spike,take SL and go your direction without you.