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Trend Follower 5 Minute System

  • #2,881
  • Apr 3, 2009 7:18am Apr 3, 2009 7:18am
Quoting pilatus
Excelent signal. It is bad that news stoped you for taking more pips. PAy attention on R/R ratio when putting stop loss and take pofit orders. Please can you speak englsih on that thread. Thanks.
Excuse, my English is not very good.
Yes the signal was really very good.
On R/R which would be a good relation with this trading system?
  • #2,882
  • Apr 3, 2009 7:20am Apr 3, 2009 7:20am
Quoting forexmad
Hi Pilatus,

In this trade also, there is a big pip movement before the signal happened.
For my earlier trade, you mentioned it is better to avoid the trade if there is a big movement behind us. How do we differentiate in this circumstances.

Thanks
Lost trade.
Now look at this signal for today. Guppy are more contracted than in your yestrday examples which should be better signal. But look what happen. Price movement was not steady before signal. Rebound from resistance on high etc.
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  • #2,883
  • Apr 3, 2009 8:21am Apr 3, 2009 8:21am
Thanks Pilatus. both signal looks similar but 1 win and 1 loss. So the concept is don't trade if the price movement is not steady before signal.

Quoting pilatus
Lost trade.
Now look at this signal for today. Guppy are more contracted than in your yestrday examples which should be better signal. But look what happen. Price movement was not steady before signal. Rebound from resistance on high etc.
  • #2,884
  • Apr 3, 2009 8:34am Apr 3, 2009 8:34am
Also pls someone tell how to attach the EA to the graph. I tried to insert indicator TredFollower Signal EA into the graph, but i could not see the smile face on the right side of chart.

Thanks

Quoting earret
Hey guys i am looking for the Signal trend follower & snapshot indicator that works...i have loaded many but none seem to work. Can someone point me to the post with the version of the indicator that works?

By the way great thread...looks as though the key to the system is just patience and taking only the very best signals.

I will contribute when i can

Keep up the good work
  • #2,885
  • Apr 3, 2009 9:05am Apr 3, 2009 9:05am
Quoting forexmad
Also pls someone tell how to attach the EA to the graph. I tried to insert indicator TredFollower Signal EA into the graph, but i could not see the smile face on the right side of chart.

Thanks
First you need to put EA in your mt4/expert/. Reopen mt4 and then attach EA on chart. Once you have Ea on chart open EA, or during attaching it on chart click on "comon" and check "alow live trading" in lower left corner and you will get smile.
Ea you can find on this thread on upper right corner where is attachment symbol. There are all files(indicators, pictures, EA) which someone put on this thread.
  • #2,886
  • Edited 10:22am Apr 3, 2009 10:11am | Edited 10:22am
Hello.

It’s a great system,( Thank you very much The Wicker) but I have a little problem witch EA . I would like to check the EA on strategy tester , but I can’t

First I say that I have MT 4 from original site(metaquotes),
Trend Follower - Indicators, template from 1st site post#15 of this thread
and the EA is from pmurfin - site 8, post #119 of this threat .

The problem is witch the strategy tester. After compiling and start the strategy at the chart there is a smiling face – so that’s ok. , but on the strategy tester there aren’t any transactions.

I use many timeframes, periods and pair. Results are always the same -- no trades , no Grahp . report showing only mismatches charts errors.

Added some SnapShots




Someone help my please. The problem is only witch this EA

And Sorry for my bad English
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  • #2,887
  • Edited 4:25pm Apr 3, 2009 11:32am | Edited 4:25pm
Quoting Tom100
Hello.

It’s a great system,( Thank you very much The Wicker) but I have a little problem witch EA . I would like to check the EA on strategy tester , but I can’t

First I say that I have MT 4 from original site(metaquotes),
Trend Follower - Indicators, template from 1st site post#15 of this thread
and the EA is from pmurfin - site 8, post #119 of this threat .

The problem is witch the strategy tester. After compiling and start the strategy at the chart there is a smiling face – so that’s ok. , but on the strategy tester there aren’t any...
I am sorry buddy I tried that too but never succeed it.
The problem is that you need to find someone who can program this EA for testing. Next issue is not to find enter point, but is problem to find exit point. So if someone can program this EA for testing purposes and if that EA for example have exit according to changing slope line indicator color maybe it will make sense to try this system.
But, my opinion is that is very hard to test that system with EA and have precise data. Better is if you trade it on demo 1 month learn a little and trade and what you get for one month is accurate data how is that system reliable.
I tested it on that way, EUR/USD mostly and have about 75% of winning rate.
  • #2,888
  • Apr 3, 2009 5:19pm Apr 3, 2009 5:19pm
my second trade with this method and it is a winning trade too. Though the price movement was not steady before signal and rainbow is not contracted, but the signal appear inbetween resistance 1 and 2, so i take it with hope of bit luck. Here RR is 1:1. so far 2 out of 2, let see..
Quoting forexmad
my first trade with this method and it is a winning trade. I was not around during this trade so my tp is only 35pips. I am going place 10 trade in demo, if the win % is 70 then i will go live.
Experts of this thread, is this a fluke or valid signal?.
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  • #2,889
  • Apr 3, 2009 5:29pm Apr 3, 2009 5:29pm
Hi Pilatus,
a case like this, when signal(arrow) happend, laguerre is up and but macd not above 0. In the next candle after signal(arrow), macd above 0 and laguerre is already crossed 0.15, can we take this kind of trade?. Let say laguerre cross 4 or 5 candles before the signal, still it consider a valid signal?

Thanks
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  • #2,890
  • Apr 4, 2009 6:12am Apr 4, 2009 6:12am
Quoting forexmad
Hi Pilatus,
a case like this, when signal(arrow) happend, laguerre is up and but macd not above 0. In the next candle after signal(arrow), macd above 0 and laguerre is already crossed 0.15, can we take this kind of trade?. Let say laguerre cross 4 or 5 candles before the signal, still it consider a valid signal?

Thanks
Of course we can, excelent signal. Do not look on lagguere as line that should happen exaclty on signal candle. Laguerre is indicator that shows how is some price in overbought or oversold area. So mostof the time lagguere cross 0.15/0.75 one candle before signal, right on signal and one after signal candle. Everything that is ok. It is not ok to have signal after this or before mentioned.
So answer on you last question is NO.
Read the thread, there is everything explained.
  • #2,891
  • Apr 4, 2009 1:34pm Apr 4, 2009 1:34pm
Hi there,
As most traders on this thread say, this system needs a lot of patience to take the good signals, so sticking to one pair can lead to one or two trades per week, looking on many trades can be a good solution, but to do this an EA is necessary, otherwise one will be looking at many pairs all day long which is not practical.
By EA I don't mean auto trading, I think that this system will fail in Auto trading no matter how the EA is powerful. By EA, I mean just a signal generator, like the email alerts that were developed in the EA of pmurfin, when we have a signal, we just look at the chart, check if it is worth taking this trade (email alerts should also be disabled outside the European and american sessions).
For those who used the EA of Pmurfin, I have a question:
The conditions for a valid entry were developed by pmurfin as dscribed by the wicker, but I still find one difference in the MA crossing formula which generates the arrows of the indicator that was posted by the wicker.
Paul (pmurfin) and the wicker are not using the same method when checking for EA crossing.
I am not an experienced programmer, but it's easy to see the difference in the two codes:
Paul is using the basic formula for checking EMA crossing.
The wicker in his indicator, is smoothing his formula by adding the range variable and using the Lows and Highs of the candles. (As I said, I am not a programmer, I am just trying to do a basic analysis of the two codes!).

While backtesting, it happenned that Paul EA trigerred a valid signal while there is no arrow in the wicker indicator, it happens rarely, but it happens...

Can someone help, in comparing both codes and checking if this difference is generating false entry signals?
  • #2,892
  • Apr 5, 2009 5:39pm Apr 5, 2009 5:39pm
networker75

I do agree that it would be beneficial to help stay on top of the signals with some type of alert. It's just not practical for most to watch a 5 minute trading method all day waiting for a valid signal...especially when there are really only 1-3 A+ signals per pair on average per week.

I for one would greatly appreciate an EA that could email those alerts. I only wish that i could assist with the programming of that EA.
  • #2,893
  • Apr 5, 2009 9:33pm Apr 5, 2009 9:33pm
Does Anybody has backtested this method?. It would be of great help if someone back test for 200 trades and see the number of wins and losses. A positive result will give us a confidence.

Thanks
  • #2,894
  • Apr 6, 2009 10:38am Apr 6, 2009 10:38am
Quoting forexmad
Does Anybody has backtested this method?. It would be of great help if someone back test for 200 trades and see the number of wins and losses. A positive result will give us a confidence.

Thanks
I backtested the entire month of March 09, my results were approximately 69/31 Win/Loss ratio, take it as a grain of salt however, since my entry/exits might slightly differ from everyone else's.
  • #2,895
  • Apr 6, 2009 12:26pm Apr 6, 2009 12:26pm
Quoting Y2a
I backtested the entire month of March 09, my results were approximately 69/31 Win/Loss ratio, take it as a grain of salt however, since my entry/exits might slightly differ from everyone else's.

Was this backtest with one currency pair? I too have performed a backtest with one currency pair but on a different month. The only trades that i entered were those that happened after a valid breakout signal...i waited for the retracement and the next signal with the trend.

I consider these A+ signals and the results showed...16 total trades 14 winners & 2 Loosers.

There are obviously more signals to be taken and probably good signals at that but I have conditioned myself to take only these types of trades. It can definitely increase your confidence once you get good at recognizing them and that was my goal. I am at the point now where I can spot them without the alert.

I took one today on AUD/USD that as you can see turned out to be a very profitable trade.
  • #2,896
  • Apr 6, 2009 12:51pm Apr 6, 2009 12:51pm
Quoting earret
Was this backtest with one currency pair?...
My backtesting was for 6 pairs--EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, and USD/CHF.
  • #2,897
  • Apr 6, 2009 6:38pm Apr 6, 2009 6:38pm
I know I am asking too much. Since you took only 16 trades in a month, Can you post your entry signal with the screenshot in this forum. It will be helpfull for the new comers to spot the good trades like you.

Thanks,


Quoting earret
Was this backtest with one currency pair? I too have performed a backtest with one currency pair but on a different month. The only trades that i entered were those that happened after a valid breakout signal...i waited for the retracement and the next signal with the trend.

I consider these A+ signals and the results showed...16 total trades 14 winners & 2 Loosers.

There are obviously more signals to be taken and probably good signals at that but I have conditioned myself to take only these types of trades. It can definitely increase your...
  • #2,898
  • Apr 6, 2009 6:38pm Apr 6, 2009 6:38pm
Can you please explain how you entry/exit is different from others

Quoting Y2a
I backtested the entire month of March 09, my results were approximately 69/31 Win/Loss ratio, take it as a grain of salt however, since my entry/exits might slightly differ from everyone else's.
  • #2,899
  • Edited Apr 7, 2009 12:29am Apr 6, 2009 11:49pm | Edited Apr 7, 2009 12:29am
Wow Wow Wow!!!! 14:2??? 69:31????
Y2a, earret... you really make me feel myself an idoit...
Why look like everyone can do that, but I get failed trades always??????? Shame on me!!!
I really don't understand, I have worked hard already!!!
You can see my figures posted on page 186 and page 188 (by abc997).
I always get something like these!!!
Is it only me???
My God.. why treat me like that?

Y2a, by the way, I thought you are newbie, but now it seems you are quite experienced.
Learning never stops...
  • #2,900
  • Apr 7, 2009 12:11am Apr 7, 2009 12:11am
Quoting forexmad
I know I am asking too much. Since you took only 16 trades in a month, Can you post your entry signal with the screenshot in this forum. It will be helpfull for the new comers to spot the good trades like you.

Thanks,
No, he said he backtested ONE pair only and have 16 A+ trades. So if he really trade 6 - 8 pairs, there will be more than 100 A+ trades per month.
Learning never stops...
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