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Trend Follower 5 Minute System

  • #3,161
  • Aug 9, 2009 11:31pm Aug 9, 2009 11:31pm
Hi my friend.As every one i aslo add my opinion about thise topics.For my opinion trend following system couldnot be in short term succesfully.Why ?
Becouse if you will take all siqnal of your system in short term you will see what kind of result will be.
Best Regards
  • #3,162
  • Aug 12, 2009 1:21pm Aug 12, 2009 1:21pm
Quoting Tofig
Hi my friend.As every one i aslo add my opinion about thise topics.For my opinion trend following system couldnot be in short term succesfully.Why ?
Becouse if you will take all siqnal of your system in short term you will see what kind of result will be.
Excelent explanation!
  • #3,163
  • Aug 15, 2009 10:22pm Aug 15, 2009 10:22pm
Good trade with 3 TP. I move my SL along with the trade. Eg, when TP1 is hit, i move SL to BE. TP 2 is hit, my SL to TP 1.

regards
forexsmgwee1
Attached Image (click to enlarge)
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  • #3,164
  • Aug 15, 2009 10:34pm Aug 15, 2009 10:34pm
GBPJPY
Attached Image (click to enlarge)
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  • #3,165
  • Aug 15, 2009 10:36pm Aug 15, 2009 10:36pm
Trades taken from past 2 days
Attached Image (click to enlarge)
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  • #3,166
  • Aug 16, 2009 9:00am Aug 16, 2009 9:00am
Quoting forexsmgwee1
Trades taken from past 2 days
Well done buddy. Excelent.
  • #3,167
  • Aug 16, 2009 9:25am Aug 16, 2009 9:25am
Quoting forexsmgwee1
Trades taken from past 2 days
  • #3,168
  • Aug 17, 2009 5:42am Aug 17, 2009 5:42am
Quoting pilatus
Well done buddy. Excelent.
higher time frames too like 15 minus or 1 hour ... or just 5 minus

thanks for infos
  • #3,169
  • Aug 18, 2009 3:14am Aug 18, 2009 3:14am
Quoting tafilian
Hi Pilatus
i need your help in using another method in which i use the CCI indicator to enter when it crosses the...
Hi Tafilian
can you post here the link for the different bars indicator, I coudn't find it Thanks
Ashi
  • #3,170
  • Aug 18, 2009 5:37am Aug 18, 2009 5:37am
how do i attach this trend follower to my trading station

can any one please

Austine
  • #3,171
  • Aug 18, 2009 5:46am Aug 18, 2009 5:46am
Quoting austineejo
how do i attach this trend follower to my trading station

can any one please

Austine
?
are u using MT4 or Tradestation?
  • #3,172
  • Aug 18, 2009 6:11am Aug 18, 2009 6:11am
Quoting austineejo
how do i attach this trend follower to my trading station

can any one please

Austine
Close MT4
For indicators (.mq4) navigate to
C:
Program Files
MetaTrader 4
experts
indicators
Copy & Paste indicators to this folder

For template (.tpl) navigate to
C:
Program Files
MetaTrader 4
templates
Copy & Paste template to this folder

Open MT4, click template icon in toolbar
select template name
  • #3,173
  • Aug 18, 2009 10:03am Aug 18, 2009 10:03am
thanks a million
  • #3,174
  • Aug 21, 2009 3:23am Aug 21, 2009 3:23am
the wicker, thanks for your system

1) do i need to wait to get a signal entry from say the 1 hr chart after the 5min has given same indication?

2) from your description the red colour seems to be the long term EMA but from what i downloaded the red colour is always on top of the medium orchid.
the colours i have in an uptrend are:
gold
blue
green
red
meddium orchid

i hope my download is accurate?

please help
  • #3,175
  • Aug 21, 2009 6:45am Aug 21, 2009 6:45am
Thanks very much The Wicker for share this method.

Regards
  • #3,176
  • Aug 26, 2009 10:12am Aug 26, 2009 10:12am
Quoting wiper
Sorry that the signal was super valid. I hope you could take a lot from it!!!

Did I tell it was not valid....

Newbies always want to get it right.

Good luck mate.

Wiper



sir can we use this indicators on commodities tradeing.
i am from india.
  • #3,177
  • Aug 27, 2009 12:45am Aug 27, 2009 12:45am
Quoting thewicker
just download the template and indicators here from this original blog and you will have the laguerre indicator, with correct settings. There are many modifications spread around the internet about this system or the indicator itself. You can avoid this easily by downloading it here.

What matters are the gamma settings. Those are set to 0.66! The standard laguerre is set to 0.7, but those 0.4 points can make a difference many times!



sir is this the perfect signal to short gold in 30min chart?
Attached Image (click to enlarge)
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  • #3,178
  • Aug 28, 2009 7:44am Aug 28, 2009 7:44am
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.

sir i took this trade in silver 15m
it was perfect
made good money on it
Attached Image (click to enlarge)
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  • #3,179
  • Aug 28, 2009 9:05pm Aug 28, 2009 9:05pm
Hi all,
I have been reading this thread and applied this technique in my scalping trading and have had good success. I would like to contribute an indicator which I’ve developed and used recently. I believe this indicator also helps in identifying key reversal points and aide in the entries and exits. I understand that the author of this techniques advise not to use too many indicators. How about just one more!
I don’t have a lot of documentation on this but this is how it works:
1. Underlying indicator: This indicator uses the zigzag indicators with multiple settings across multiple timeframes and identify where the peaks across the TFs coincide. The indicator draws peaks which I call level s 2-7. Usually levels 6 and 7 signal the impending/potential reversal. Note that these peaks also coincide with the various levels of R/S. Also note that new peaks move with the bars, but once they settle, that’s the point of reversal. The idea behind this indicator is to identify the waves within the wave within the wave… Once the waves converge then one of the 2 things happen: reversal or break-out. Also note, this indicator shows the peaks and the troughs of the waves. So if you see a purple #7 just appear and settle, there will be a matching on the reverse side.
2. MTF: The MTF peaks are added with the labels. Each TF can have 3 additional higher TFs overlaid on top and they are denoted by the level number and letters. For example 3.4 (1H) on 5M TF means: TF#3 relative to this TF (5M, 15M, 1H), peak #4 on 1H TF.
3. As default the indicator shows peaks #5-7 but you can turn on other peaks #2, 3, 4. You can also turn on the symbol of higher TF to overlay on the peaks. Personally, I prefer the letters and like to keep things a simple and clean.
This version is a Beta version and I would like to get feedback from some of the experienced traders. FYI, this indicator is intuitive once you get a hang of what it does. If you think you can incorporate this in the techniques and create the rules for it, great! If not, it doesn’t hurt my feeling. Good or bad, I’d like to know. I will release the source code once I have enough feedback and I need to do some clean up and documentation to make the code more readable.
FYI, there’s another similar indicator developed by a Russian and it’s called 3 Level ZZ Semafor. There documentation for this is in Russian so I can’t understand. I believe my indicator is a bit more elaborate since it accommodates single as well as MTF convergence. I overlaid my indictor and his indicator and the major peaks match.
Thank you all!
Attached File(s)
File Type: ex4 MTF Wave Convergence - Point Draw.ex4   31 KB | 1,361 downloads
  • #3,180
  • Aug 29, 2009 3:08am Aug 29, 2009 3:08am
Quoting penguyen
Hi all,
I have been reading this thread and applied this technique in my scalping trading and have had good success. I would like to contribute an indicator which I’ve developed and used recently. I believe this indicator also helps in identifying key reversal points and aide in the entries and exits. I understand that the author of this techniques advise not to use too many indicators. How about just one more!
[font=Calibri][size=3]I don’t have a lot of documentation on this...
i am geting this chart
wht r the rules
when to buy and sell
Attached Image (click to enlarge)
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