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Trend Follower 5 Minute System

  • #2,821
  • Mar 25, 2009 9:46am Mar 25, 2009 9:46am
Quoting abc997
I believe it is part of the features come together when you install a semi-automatic EA. This EA will not actually trade for you, but will give you an alert once all conditions meet, and keep a screenshot for your record.

Please check below:
http://www.forexfactory.com/showpost...postcount=1214
http://www.forexfactory.com/showpost...postcount=1219
Sorry did not answery on all your questions before. You asked about how many signals per week and how many pairs.
I am talking about all pairs per week can produce 1-3 good signals. That means signal which can give more than 100 pips or even 300 pips each.
  • #2,822
  • Mar 25, 2009 9:52am Mar 25, 2009 9:52am
Great, I got it up on the chart, thank you very much.
  • #2,823
  • Mar 25, 2009 10:33am Mar 25, 2009 10:33am
Quoting pilatus
Sorry did not answery on all your questions before. You asked about how many signals per week and how many pairs.
I am talking about all pairs per week can produce 1-3 good signals. That means signal which can give more than 100 pips or even 300 pips each.
It is not bad, I should say amazing, if you do it on a part-time base! I think I perform similar to you in terms of pips, but it is negative. See my statement attached. I take a trade only when all Trend Follower conditions meet and I take only 'very good' signal (as I consider). I always trade 0.01 lots at the moment.

Can anyone come to recuse me?
Attached Image (click to enlarge)
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Learning never stops...
  • #2,824
  • Mar 25, 2009 12:44pm Mar 25, 2009 12:44pm
Quoting abc997
It is not bad, I should say amazing, if you do it on a part-time base! I think I perform similar to you in terms of pips, but it is negative. See my statement attached. I take a trade only when all Trend Follower conditions meet and I take only 'very good' signal (as I consider). I always trade 0.01 lots at the moment.

Can anyone come to recuse me?
I was looking a little to your bad trades. Buddy, you are not sticking by the rule. First do not trade until eu is not open. Second, DO NOT use every signal trend follower EA gives you. It is only alert that all conditions are met but that doesnt mean that signal is good. Third, if I told you that you can have 1-3 good trades per week why do you take every possible signal?? I see that you made more than 1-3 trades.
I see that you enter even guppy are expanded on the tops and lows. Next your stop loss is incorrect. Stop loss by the rules is at least 5 pips plus spread bellow or above recent low or high. And in time like are now, so much volatile do not even think about to put stop loss less than 20 pips on any pair.
And one thing else, why do you trade pairs that TheWicker did not mentioned in his first post?
My conclusion, you do not follow the rules strictly and you put stop loss incorrect, and you want to trade every day so you took every possible signal which occur on your platform.
You are your biggest enemy, DISCIPLINE yourself.
BE PATEINT, doesnt mean to wait 2 hours for signal. Means wait even week if it not good set up. And one thing else, my suggestion for you is to put away EA and look for signals manually.
  • #2,825
  • Mar 25, 2009 2:22pm Mar 25, 2009 2:22pm
I have been trading this system for a year now. One thing I have learned is the slope is major resistance. When shorting price should be below the slope and vice versa. Another way to steal pips is when trending price will retrace and eventually head back to its trend. Getting back in after the retracement is usually good for 15 pips or so. I use stochs 5-3-3 for this type of trade.
  • #2,826
  • Mar 25, 2009 3:10pm Mar 25, 2009 3:10pm
Quoting sirogreness
I have been trading this system for a year now. One thing I have learned is the slope is major resistance. When shorting price should be below the slope and vice versa. Another way to steal pips is when trending price will retrace and eventually head back to its trend. Getting back in after the retracement is usually good for 15 pips or so. I use stochs 5-3-3 for this type of trade.
Excelent notice. Not part of the system but maybe can help that slope line position. I think that someone on the begining of this thread ask thewicker about that.
Can you give us your example of scalping with stochastic and rules. I like scalping and using few pips would not be surplus.
So please give an example.
Many thanks.
  • #2,827
  • Mar 25, 2009 5:22pm Mar 25, 2009 5:22pm
Quoting pilatus
I was looking a little to your bad trades. Buddy, you are not sticking by the rule. First do not trade until eu is not open. Second, DO NOT use every signal trend follower EA gives you. It is only alert that all conditions are met but that doesnt mean that signal is good. Third, if I told you that you can have 1-3 good trades per week why do you take every possible signal?? I see that you made more than 1-3 trades.
I see that you enter even guppy are expanded on the tops and lows. Next your stop loss is incorrect. Stop loss by the rules is at least...
Thanks pilatus for making an effort to look into my problem. Yes a few of them are before London Open, coz I live in Asia, but even for those trade within the time range, it is not better. I do select signals, otherwise there would be even much more trades (as I said in my message), unfortunately, somehow, I selected the bad signal. Performance is even worse than before selection. I just realised you takes only 1-3 trade per week for all pairs, and don't know how many other successful traders take.
Degree of expansion is a relative issue, I still don't grasp how expanded is expanded (No one has pointed out a good criterion for this). The non-mentioned pairs are used for my comparison, they are not theWicker's pairs. I set the initial stop-loss according to the rule, but trailing the stop-loss manually, and this sometimes stop-out the trade.
Now I will try to trade only after London open and take out non-mentioned pairs to see. But the main problem is my poor selection.
Learning never stops...
  • #2,828
  • Mar 25, 2009 5:32pm Mar 25, 2009 5:32pm
Quoting sirogreness
I have been trading this system for a year now. One thing I have learned is the slope is major resistance. When shorting price should be below the slope and vice versa. Another way to steal pips is when trending price will retrace and eventually head back to its trend. Getting back in after the retracement is usually good for 15 pips or so. I use stochs 5-3-3 for this type of trade.
Hi Sirogreness,
Thanks a lot for revealing yourself here and share your valuable experience. Welcome! Your first point has been mentioned before, but not used by all. If you now have 1 year of experience, I believe you are successful and have a good point. I will do some observation and testing for what you said.
Also, please elaborate a bit more about retracement.
Finally, can you tell a bit more about your performance with this system, if you don't mind, for example, how many trades do you take per full week?
More importantly, can you tell how the system is different during different period over the past year. Is it harder or easier now?
abc
Learning never stops...
  • #2,829
  • Mar 25, 2009 7:42pm Mar 25, 2009 7:42pm
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,...
Hi Think FX

I tried to open this trading simulator but once I download the file and try to open it says invalid or corrupt, am I doing something wrong?
  • #2,830
  • Mar 25, 2009 7:45pm Mar 25, 2009 7:45pm
Quoting abc997
Pipinaintez's brother, ask your brother don't give up. Just use a demo account to train up, but please don't give up. It is not easy, but every successful trader here go through such a learning curve.
Thanks for the Support.

Take on Pilatus' advice it may take time, that I must admit I haven't had to implement, but you will get there!
  • #2,831
  • Mar 25, 2009 9:27pm Mar 25, 2009 9:27pm
Quoting Pipinaintez
Thanks for the Support.

Take on Pilatus' advice it may take time, that I must admit I haven't had to implement, but you will get there!
Thanks! I will work hard to achieve it!

I can download and extract ThinkFX's simulator. Once I extract the "Trade Simulator.zip", I get the file "Trade Simuator" (with no file extension). Then I rename the extracted file "Trade Simuator" as "Trade Simulator 2.zip", and extract it further.
Learning never stops...
  • #2,832
  • Edited 11:04am Mar 26, 2009 4:23am | Edited 11:04am
Still waiting on EURUSD...
Triangles, where are you going today???
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  • #2,833
  • Mar 26, 2009 6:30am Mar 26, 2009 6:30am
Quoting Peretola
Still waiting on EURUSD...
Triangles, where are you going today???
DO not have idea where it can go. IF price rebound from 1,355 in either direction it could be possible direction of trade. But I am certain that will be strong move in direction where price will continue. Technically it is nice picture to go long.
So there will be a lot of pips in play. We will see.....still waiting...
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  • #2,834
  • Mar 26, 2009 9:37am Mar 26, 2009 9:37am
Sure. There are two vertical lines on my chart. The first was just short of a wicker signal because macd was not yet negative but the breakout occurred anyway. The second line represents where you could get back in. Stochs are in your favor and everything else looks great to ride to the next level of support. When the laguerre flatlines like that it means the strend is very strong, I will only hop on after the retracement if the laguerre is acting in that way. This is a good way to make pips if the original wicker signal is not there but shows itself with a breakout. I hope that makes sense. Happy Trading!!

Quoting pilatus
Excelent notice. Not part of the system but maybe can help that slope line position. I think that someone on the begining of this thread ask thewicker about that.
Can you give us your example of scalping with stochastic and rules. I like scalping and using few pips would not be surplus.
So please give an example.
Many thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: pic 2.gif Size: 47 KB
  • #2,835
  • Edited 10:43am Mar 26, 2009 10:26am | Edited 10:43am
Quoting sirogreness
Sure. There are two vertical lines on my chart. The first was just short of a wicker signal because macd was not yet negative but the breakout occurred anyway. The second line represents where you could get back in. Stochs are in your favor and everything else looks great to ride to the next level of support. When the laguerre flatlines like that it means the strend is very strong, I will only hop on after the retracement if the laguerre is acting in that way. This is a good way to make pips if the original wicker signal is not there but shows itself...
Thanks for explanation. So you want to say that you will enter a missed trade or move only if laguerre is flat and when stochastic retrace? Sorry but do not understand that "I will only hop on after the retracement"?? Which retracement?? Price or stochastic? Does stochastic need to be above/bellow 20/80 or you look just for cross of periods??
Thanks once again!!
  • #2,836
  • Mar 26, 2009 11:12am Mar 26, 2009 11:12am
I guess the easy answer would be a retracement on both, using price action as the determining factor. Make sure there is a 20 pip cushion between price and the next level of support/resistance. It is much safer if the laguerre is flat but if it is sharply in your direction it is still valid. Stochs rarely go to 80/20 for this type of trade, usually the trend is too strong. I feel comfortable if it gets near 50 and crosses.

Quoting pilatus
Thanks for explanation. So you want to say that you will enter a missed trade or move only if laguerre is flat and when stochastic retrace? Sorry but do not understand that "I will only hop on after the retracement"?? Which retracement?? Price or stochastic? Does stochastic need to be above/bellow 20/80 or you look just for cross of periods??
Thanks once again!!
  • #2,837
  • Mar 26, 2009 11:52am Mar 26, 2009 11:52am
Quoting sirogreness
I guess the easy answer would be a retracement on both, using price action as the determining factor. Make sure there is a 20 pip cushion between price and the next level of support/resistance. It is much safer if the laguerre is flat but if it is sharply in your direction it is still valid. Stochs rarely go to 80/20 for this type of trade, usually the trend is too strong. I feel comfortable if it gets near 50 and crosses.
Ok get it. Can you please if you have time post some more examples.
Many thanks.
  • #2,838
  • Edited 3:09pm Mar 26, 2009 2:58pm | Edited 3:09pm
Trades I took today.
1. EUR/USD short.Why? Guppy contracted price steady, clear signal and DT with nice reversal candle on 1h timeframe. No rebound for long.
2. GBP/USD short. Why? Same correlation like previous trade and explanation is on picture.
Total 70 pips.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbp.gif Size: 57 KB
  • #2,839
  • Mar 26, 2009 10:31pm Mar 26, 2009 10:31pm
Quoting pilatus
Trades I took today.
1. EUR/USD short.Why? Guppy contracted price steady, clear signal and DT with nice reversal candle on 1h timeframe. No rebound for long.
2. GBP/USD short. Why? Same correlation like previous trade and explanation is on picture.
Total 70 pips.
Well Done Pilatus!
Everyone see, high-probability trading involves a number of considerations rather than only a standalone system. I doubt an EA based just on the original theWicker's rules can produce a good consistence result.
Pilatus, just one question, for your first trade on EUR/USD, you talk about candlestick pattern. Is it a bearish reversal pattern or a continuous patterns on H1? I can't find it...
Attached Image (click to enlarge)
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Learning never stops...
  • #2,840
  • Mar 27, 2009 3:34am Mar 27, 2009 3:34am
Quoting abc997
Well Done Pilatus!
Everyone see, high-probability trading involves a number of considerations rather than only a standalone system. I doubt an EA based just on the original theWicker's rules can produce a good consistence result.
Pilatus, just one question, for your first trade on EUR/USD, you talk about candlestick pattern. Is it a bearish reversal pattern or a continuous patterns on H1? I can't find it...
It is bearish reversal but this long red candle on top. Look at pic.
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