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Trend Follower 5 Minute System

  • #2,781
  • Mar 16, 2009 11:13am Mar 16, 2009 11:13am
Quoting pilatus
I am very intetresting in your testing by simulator because honestly I do not know how to do that. So please if it is not problem with you, can you please explain in detail how you do that and what I need for that(indicators, EA etc) and post it here please. As I know you need to have EA for testing in strategy tester?? You can explain me that and send to message but it will be better if you explain that here so everyone can learn how to do that.
Thanks in advance.
Is a big pleasure to help you. Atached is the trading simulator. It has also a PDF file with instalation and user manual. Is very easy. You just run the file in the trade simulator, and use whichever template you want. In the scripts files you will find scripts to open and close the trades. You just pause where you want to open the trade and where you want to close it.

Additionally, I am attaching the Pivot indicator I use. This is the one that work for me with the trading simulator (I havent tried any other anyway). I toke it from THV template, but it works great. Additionally you can place your server time, and also when do you want to place the day cut for pivot calculation. Example. My Broker is GMT + 2, but I want the Pivot be calculated at 0 hours GMT, or at NY Close, so 22 GMT. You can chose which work better. Pivot indicators normally use server time for day open and close which is wrong for Pivot propuses. Thats why some times Pivot levels are not the same among different traders.
THere is other Trading simulator that is Vhands, but I dont really like it. If yu want you can find a thread in FF about that simulator.

Attached File(s)
File Type: mq4 SDX-TzPivots_v4.mq4   41 KB | 895 downloads


Attached File(s)
File Type: zip Trade Simulator.zip   491 KB | 1,285 downloads


If you have any question about any of those files, just let me know.
  • #2,782
  • Mar 16, 2009 11:18am Mar 16, 2009 11:18am
THis is how the trend simulator looks like.

Please dont look at the trade of the example, Is have not any logic. But it worked profitable

Attached Image (click to enlarge)
Click to Enlarge Name: Treding Simulator.png Size: 168 KB
  • #2,783
  • Mar 16, 2009 11:25am Mar 16, 2009 11:25am
Im new to the thread but the reasons I would stay out of it is the Resistance is too close to the entry. If you draw some TL notice that the current trend is down. As far as Ive gotten this is a breakout strategy so unless it breaks out of that trendline I wouldnt go long.
Attached Image (click to enlarge)
Click to Enlarge Name: cornflower1.JPG Size: 124 KB
  • #2,784
  • Mar 16, 2009 11:43am Mar 16, 2009 11:43am
Quoting kodflakes
Im new to the thread but the reasons I would stay out of it is the Resistance is too close to the entry. If you draw some TL notice that the current trend is down. As far as Ive gotten this is a breakout strategy so unless it breaks out of that trendline I wouldnt go long.
Too often TL is too subjective, and thus unreliable, see my figure, at the point of decision, I may say the price has broken an established TL.
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard01.gif Size: 34 KB
Learning never stops...
  • #2,785
  • Mar 16, 2009 11:46am Mar 16, 2009 11:46am
Quoting ThinkFX
Is a big pleasure to help you. Atached is the trading simulator. It has also a PDF file with instalation and user manual. Is very easy. You just run the file in the trade simulator, and use whichever template you want. In the scripts files you will find scripts to open and close the trades. You just pause where you want to open the trade and where you want to close it.

Additionally, I am attaching the Pivot indicator I use. This is the one that work for me with the trading simulator (I havent tried any other anyway). I toke it from THV template,...

Thanks ThinkFX,

I will test it when I have more time, and share anything interesting. I used Metastock to do back-testing, and never used the MetaTrader testing.

abc.
Learning never stops...
  • #2,786
  • Mar 17, 2009 4:03am Mar 17, 2009 4:03am
This one failed immediately, the move in the previous few hours is only about 50 pip. Rainbow width is just more than 20 pip at the time of entering, both not that big. No downward trend in Higher TF. Seem very unlucky for this one.
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard02.gif Size: 30 KB
Learning never stops...
  • #2,787
  • Mar 17, 2009 11:31am Mar 17, 2009 11:31am
Sad, but entered another failed trade, already check the Higher TF. I have already filtered and rejected most of the "valid" but not good signals.
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard03.gif Size: 31 KB
Learning never stops...
  • #2,788
  • Mar 17, 2009 12:09pm Mar 17, 2009 12:09pm
Hey ABC
Ive been noticing today just seems to be a good day to stay out everything that I thought about would have failed for all my strategies. So hopefully everything will tighten up and just spring out for some great profits
  • #2,789
  • Mar 17, 2009 12:21pm Mar 17, 2009 12:21pm
Quoting kodflakes
Hey ABC
Ive been noticing today just seems to be a good day to stay out everything that I thought about would have failed for all my strategies. So hopefully everything will tighten up and just spring out for some great profits
Thanks kodflakes for replying.
Could you elaborate a bit more why today is not a good day to trade?
Learning never stops...
  • #2,790
  • Mar 18, 2009 3:40am Mar 18, 2009 3:40am
Finally saw a great signal.... The bad thing was I was away from my computer and did not take it.
(Warning+, it is not a strictly theWicker trade, EUR/GBP, 40min before London open)
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard05.gif Size: 27 KB
Learning never stops...
  • #2,791
  • Edited 4:00am Mar 18, 2009 3:54am | Edited 4:00am
For your only benefits, don't take a trade when the price is not trending in the Higher TF. Or if you don't have the patient to wait for days for a trendy higher TF, at least you should take a trade only with the backing of S/R.

Otherwise, you will get something like the figure below.

This system works only if you filter the signal with at least some technical analysis skills. Someone did use this system to achieve 80%-90% winning rate (W/T: 27/30 and 62/75) journals were posted somewhere on this thread, but it is only achievable if some skills are used together with this system, not taking all signals generated by the EA.
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard06.gif Size: 34 KB
Learning never stops...
  • #2,792
  • Mar 18, 2009 5:17am Mar 18, 2009 5:17am
Hello

I have been following the system on demo as a back history every end of day , but when I applied it on live demo I found that after an entry signal appears and having colour , macd and rsi on correct position it some times give a reversal signal so I have to get off the trade with losses some times , later on when I check back the end of day history some time I dont find the reversal signal when the market goes again in the first main signal

Did any body else noticed this issue ?

Regards
  • #2,793
  • Mar 18, 2009 9:05am Mar 18, 2009 9:05am
After waiting for hours and hours, I got the following 2 signals from the Trend Follower (EURJPY, EURUSD). Trend follower is such a system, either it keep you waiting days for no response, or it call you for immediate action all of a sudden.
After looking at the higher TF, I decided to take the EURJPY, but it turns out EURUSD has a better results, anyway, I got nice pips this time.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Clipboard10.gif Size: 28 KB
Click to Enlarge Name: Clipboard11.gif Size: 37 KB
Learning never stops...
  • #2,794
  • Mar 18, 2009 9:06am Mar 18, 2009 9:06am
Quoting egawab
Hello

I have been following the system on demo as a back history every end of day , but when I applied it on live demo I found that after an entry signal appears and having colour , macd and rsi on correct position it some times give a reversal signal so I have to get off the trade with losses some times , later on when I check back the end of day history some time I dont find the reversal signal when the market goes again in the first main signal

Did any body else noticed this issue ?

Regards
Could you attach a pic for the problem?
Learning never stops...
  • #2,795
  • Mar 18, 2009 10:53am Mar 18, 2009 10:53am
Hello

Screen shot will not show what I am telling , it will show the signal arrow telling the right direction as it happens after , I was entering buy with the signal then its gaves me a sell signal later , I closed the postion and waited for another signal in another pairs , I later closed the chart and reponed it again , then I checked back that pair I didnt found the sell signal and only the buy signal is left as the pair later turned up again !!

You should follow up the signals as it occurs for a day or so on demo and write donw the sisgnals as it happens then by end of day close the chart and reopen and check back the signals and verify it , you see what I mean
  • #2,796
  • Mar 18, 2009 11:00am Mar 18, 2009 11:00am
abc, I noticed you posted up charts where you had multiple pivot lines in which to exit a position; did you exit at the first pivot point as the rules stated or did you risk waiting until it hit the second point?
  • #2,797
  • Mar 19, 2009 1:57am Mar 19, 2009 1:57am
Quoting Y2a
abc, I noticed you posted up charts where you had multiple pivot lines in which to exit a position; did you exit at the first pivot point as the rules stated or did you risk waiting until it hit the second point?
There is no clear rules on exit for me. Normally, I do manual trailing stop-loss and take-profit. One key purpose is to prevent a winner to become a lose. Another thing I will look at is the price action, in terms of the speed of price move. If it move quick, more likely to take profit a pivot point, if it move slowly, I will more likely to use the directional slope line.

Don't leave your computer without setting stop-loss!
Learning never stops...
  • #2,798
  • Mar 19, 2009 1:59am Mar 19, 2009 1:59am
Quoting egawab
Hello

Screen shot will not show what I am telling , it will show the signal arrow telling the right direction as it happens after , I was entering buy with the signal then its gaves me a sell signal later , I closed the postion and waited for another signal in another pairs , I later closed the chart and reponed it again , then I checked back that pair I didnt found the sell signal and only the buy signal is left as the pair later turned up again !!

You should follow up the signals as it occurs for a day or so on demo and write donw the sisgnals...
If I understand you correctly, I have seen the same problem, but because I don't turn-off and on the metatrader often. It is not a problem for me.
Learning never stops...
  • #2,799
  • Mar 19, 2009 12:36pm Mar 19, 2009 12:36pm
Quoting abc997
If I understand you correctly, I have seen the same problem, but because I don't turn-off and on the metatrader often. It is not a problem for me.
I recieved your message.Well, this is what I told you. We have established trends. If there is a trend there are good signals. It is very hard to find good signals where price is in range.
  • #2,800
  • Mar 19, 2009 4:25pm Mar 19, 2009 4:25pm
Quoting ThinkFX
Is a big pleasure to help you. Atached is the trading simulator. It has also a PDF file with instalation and user manual. Is very easy. You just run the file in the trade simulator, and use whichever template you want. In the scripts files you will find scripts to open and close the trades. You just pause where you want to open the trade and where you want to close it.

Additionally, I am attaching the Pivot indicator I use. This is the one that work for me with the trading simulator (I havent tried any other anyway). I toke it from THV template,...
Thanks buddy!
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