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Trend Follower 5 Minute System

  • #2,941
  • Apr 14, 2009 8:35am Apr 14, 2009 8:35am
Quoting raitchev
Is this signal valid?
Attachment
Excelent example. But, with one exception-signal before or during news relase, so not tradable. This time went to our direction but it could be opposite, so be carefull when important news are about to release. But I want that everybody who wants to trade with that system remember picture of good signal. Keep looking on that kind.
  • #2,942
  • Apr 14, 2009 8:50am Apr 14, 2009 8:50am
Could someone tell me what folder the screen shots are sent to...I have looked through the thread but can't seem to locate.

Thanks
  • #2,943
  • Apr 14, 2009 9:14am Apr 14, 2009 9:14am
Quoting earret
Could someone tell me what folder the screen shots are sent to...I have looked through the thread but can't seem to locate.

Thanks
See the little paperclip in the top right of the webpage?
Click it to download any file on this thread.
(it can be a goldmine
  • #2,944
  • Apr 14, 2009 9:30am Apr 14, 2009 9:30am
actually i was talking about which folder on my computer...once you load the screen shot indicator and then you get a signal, it is my understanding that the indicator sends a screen shot of that signal to a folder on my computer...what folder is it sending that screen shot to...is my question.

Thanks again
  • #2,945
  • Apr 14, 2009 9:40am Apr 14, 2009 9:40am
Quoting earret
actually i was talking about which folder on my computer...once you load the screen shot indicator and then you get a signal, it is my understanding that the indicator sends a screen shot of that signal to a folder on my computer...what folder is it sending that screen shot to...is my question.

Thanks again
It is C:\Program Files\MetaTrader - Alpari UK\experts\files\TrendFollower 2009 on my computer.
Learning never stops...
  • #2,946
  • Apr 14, 2009 10:11am Apr 14, 2009 10:11am
Quoting pilatus
Excelent example. But, with one exception-signal before or during news relase, so not tradable. This time went to our direction but it could be opposite, so be carefull when important news are about to release. But I want that everybody who wants to trade with that system remember picture of good signal. Keep looking on that kind.
Actually didnt go to our direction... only for 50 pips but my TP was @ +80 pips (next support line).
Anyway im just testing and learning this system @demo account and forgot to check for news release. Thanks for the advise.
Twitter @raitchev
  • #2,947
  • Apr 14, 2009 5:35pm Apr 14, 2009 5:35pm
Please, I need the Signal Arrow indicator

Thank
  • #2,948
  • Apr 14, 2009 11:10pm Apr 14, 2009 11:10pm
Quoting asquin
Please, I need the Signal Arrow indicator

Thank
This is what you need.
Attached Image (click to enlarge)
Click to Enlarge Name: clipboard14.gif Size: 30 KB
Learning never stops...
  • #2,949
  • Apr 15, 2009 5:56am Apr 15, 2009 5:56am
Hi Pilatus,

In the Forex Factory, there is always some news everyday if we look at the calender. What are the important news to avoid trading?.

Thanks


Quoting pilatus
Excelent example. But, with one exception-signal before or during news relase, so not tradable. This time went to our direction but it could be opposite, so be carefull when important news are about to release. But I want that everybody who wants to trade with that system remember picture of good signal. Keep looking on that kind.
  • #2,950
  • Apr 15, 2009 6:18am Apr 15, 2009 6:18am
Quoting forexmad
Hi Pilatus,

In the Forex Factory, there is always some news everyday if we look at the calender. What are the important news to avoid trading?.

Thanks
Excelent question.
Most important news are those which have red label on calendar. But, if you ask me I strongly recommend to avoid inerest rate statement and speech. Those are very dangerous and they usually have big impact on market and are very volatile. So do not trade in that time and half hour before and at least 45min after news.
Next, very important news are those which rapresent portion of inflation like GDP, CPI, PPI. Retail sales, unemployment data are important too.
Google some materials or pdf about news and read. Just to have sense what they means.
  • #2,951
  • Apr 15, 2009 1:06pm Apr 15, 2009 1:06pm
Quoting forexmad
Hi Pilatus,

In the Forex Factory, there is always some news everyday if we look at the calender. What are the important news to avoid trading?.

Thanks




Place this on your chart.It's a news indicator.
Attached File(s)
File Type: mq4 FFCal.mq4   47 KB | 827 downloads
  • #2,952
  • Apr 15, 2009 11:42pm Apr 15, 2009 11:42pm
thanks pilatus and aja6767
  • #2,953
  • Apr 16, 2009 4:37am Apr 16, 2009 4:37am
Trade I took today. Most of you will notice that I mostly trade eur/usd.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5min.gif Size: 38 KB
  • #2,954
  • Apr 16, 2009 6:14am Apr 16, 2009 6:14am
Hi Pilatus,
There are two signals, which one you took.
  • #2,955
  • Apr 16, 2009 6:44am Apr 16, 2009 6:44am
Quoting pilatus
Trade I took today. Most of you will notice that I mostly trade eur/usd.
hey pilatus...i am wondering what was your stop loss set? either way the stopped was hit, with sl al previus high or 20-25 pip....i took usd/chf at 9.00 GMT...the signal occured macd and lag were not good yet...i waited for closing at next candle.then every thing was great except...the gumpy on 5min was great,on 15 min also...on 30 and 60min chat the lines were not in right position but it seemed that they will go... got in at 1,1457 and got out at 1,1502...would you go in a trade? sorry for no sc, will be there next time... another question or request...that indicator which shows in what position are gummy lines and indicators in text on the top right of mt4...i loadad it, start it but nothing happenes, as i would do nothing...any idea? could you send me yours?
less is more
  • #2,956
  • Apr 16, 2009 6:49am Apr 16, 2009 6:49am
Quoting forexmad
Hi Pilatus,
There are two signals, which one you took.
Last one. On my pic there is only one signal. Took 10 pips after price went down for 35 pips.
  • #2,957
  • Apr 16, 2009 6:55am Apr 16, 2009 6:55am
Quoting mejo
hey pilatus...i am wondering what was your stop loss set? either way the stopped was hit, with sl al previus high or 20-25 pip....i took usd/chf...
I took stop loss by the rules. Read the first post and other posts. Can you be more specific and simple please, because I do not understand what you are talking about, sorry.
  • #2,958
  • Apr 16, 2009 8:30am Apr 16, 2009 8:30am
I have been watching this thread for several months and I just want to say thank you to Mr. Wicker for selflessly ( you know what I mean) sharing a great system, and to Mr Pilatus for putting so much effort on helping us understand the system

I have been working on my own system at the moment ( much of the inspiration comes from this thread), and I would say that for any great system, exit is equally important as the entry.

Wicker has give us clear entry points so we don't have to worry too much about that.

But for the exit, I think we should add a long period Slope Directional Line, so if the SDI changes color, we can close out our position, and my experences tell me that by looking at long term, we can increase our profit potential to more than 100 pips, this is important because in the end it is not win/loss ratio but payout/risk ratio that really matters.
  • #2,959
  • Edited 9:17am Apr 16, 2009 9:00am | Edited 9:17am
Quoting khaos420
I have been watching this thread for several months and I just want to say thank you to Mr. Wicker for selflessly ( you know what I mean) sharing a great system, and to Mr Pilatus for putting so much effort on helping us understand the system

I have been working on my own system at the moment ( much of the inspiration comes from this thread), and I would say that for any great system, exit is equally important as the entry.

Wicker has give us clear entry points so we don't have to worry too much about that.

But for the exit, I think we...
Excelent buddy. You are first one that noticed that. If that is case I can tell you my expirience. I was looking to enter and not go out as long we have guppy in order of our direction. Yes, on that way we can stay in a trade for days and during that time price can go up and down but generaly it is increasing pips in our direction. I have tested that on EUR/USD and I changed slope line from 80 to 400 set up. That means as long as I have guppy in my direction slope line is not changing color even semtimes my amount of pips drop 30% or even more.
I was thinking in my self....."why should I go out once I am in positive trade and guppy are still in my favor...????" That is how I made a little research. Those big run doesn't happen often and it is very rare.
With that set up I doubled amount of pips and entering signals remain same but exit is much more latter.
Try and you will see although I am not yet trading on that way. So 400 set up for SDI makes better results for longer term exit than 80.
I will post examples latter.
  • #2,960
  • Apr 16, 2009 12:40pm Apr 16, 2009 12:40pm
Hi Pilatus,

Besides seeing Guppy, s/r, pivot in 5 min chart, do you confirm anything in longer time frame. Do we need to see guppy in longer time frame. Some times, guppy shows short in 5 min and in 1 hr, guppy shows long, do we take trade in that case?.

Thanks

Quoting pilatus
Excelent buddy. You are first one that noticed that. If that is case I can tell you my expirience. I was looking to enter and not go out as long we have guppy in order of our direction. Yes, on that way we can stay in a trade for days and during that time price can go up and down but generaly it is increasing pips in our direction. I have tested that on EUR/USD and I changed slope line from 80 to 400 set up. That means as long as I have guppy in my direction slope line is not changing color even semtimes my amount of pips drop 30% or...
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