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Trend Follower 5 Minute System

  • #3,221
  • Sep 28, 2009 10:27am Sep 28, 2009 10:27am
Quoting mic7000
Does anyone have the GBP/JPY trade on the 10/08/09 ?

This trade would have been taken around lunchtime. I am currently paper trading and forgot to take a screen shot of this trade. My meta recently crashed and I needed to reinstall it, therefore I can't go back and look at the trade.

I would very very much appreciate if someone could take a screen shot of this trade and put it up for me.

Thanks!
Hope I helped. Is this that trade?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 91 KB
  • #3,222
  • Edited 11:00am Sep 28, 2009 10:48am | Edited 11:00am
Quoting pilatus
Hope I helped. Is this that trade?
Thanks You!!

Please will you able to take a screen shot showing what it would have looked like at the time you would have taken it. (i.e the red vertical line at 12.20 is at the far right of your screen). Just so I can see the price movement before hand.

Also, Can you give me the laguerre value please ?

Also, please give me your opinion on this trade.

Many thanks!!
  • #3,223
  • Sep 29, 2009 7:28am Sep 29, 2009 7:28am
Quoting pilatus
Hi!
Well, it is easy to be general after battle, but, I would probably not take this trade. Why? About 100 pips move behind me, risky trade. Next, last few weeks price on daily basis make less then 100 pips. Everything else is good.
Good Points as always from Pilatus I did not even think about this. Definitely something I will look at next time.

How long after a big move move would you take a trade is it say 1 Hour of steady price movement or 2 hours or more? Because we do need the movement before a signal to confirm we are in a trend?

Cheers mate
  • #3,224
  • Oct 1, 2009 1:55pm Oct 1, 2009 1:55pm
Quoting golden1
I have found complliments for myself that work great with this system.. to be very simple I am using 2 trix indicators for trend confirmation and
also confirmation of the trend not being exhausted.

I also have the thv trix on my charts for divergence and confirmation
as well. When these three line up with the trend follower system
its pretty much been really good. Hope it helps someone.

Brian
Golden1...
Can you post your indis and template for our use.
I like the look of your chart, very clear and neat.
Everything is so clear that my mind just follow the chart from top to bottom. I like your setting and might benefit me too.
How did you do with this system?
Untill then... Good piping...
  • #3,225
  • Oct 4, 2009 12:49am Oct 4, 2009 12:49am
Quoting TheWicker
Hello,

thanks for the invitation to the chat room. Everything that is needed to learn the trend follower is posted in my thread, my website and the Trend follower FAQ. I have explained every detail of my system. I hope that all of you have realized it by this time that the system works. All you need is practice, practice, practice. A quick note that I need to mention is, on the forex factory thread avoid reading most of replies that are not posted by me. Why so you may ask? Because of the behavior of people who find a system. The first thing they...
THANK YOU, THANK YOU and THANK YOU!!! You are a GREAT MAN !!!
  • #3,226
  • Oct 6, 2009 4:29am Oct 6, 2009 4:29am
Hi Pilatus

I normally don't trade for at least an hour before high impact USD and EUR news.

Do you think it is safe to trade through high impact GBP and CHF news (when the pairs being traded don't include either), or should I use a similar approach as I do with USD and EUR.

Please let me know the approach you take.
  • #3,227
  • Oct 7, 2009 2:35pm Oct 7, 2009 2:35pm
Quoting mic7000
Hi Pilatus

I normally don't trade for at least an hour before high impact USD and EUR news.

Do you think it is safe to trade through high impact GBP and CHF news (when the pairs being traded don't include either), or should I use a similar approach as I do with USD and EUR.

Please let me know the approach you take.
Hm good question. That depends on how you are good in understanding news impact and their behaviour on market. If you think that you can trade news try to follow some time how market behave and then trade when you get familiar with it. If you are newbie to trading avoid trading news.
I personally avoid trading during news release. It is easier and less stress.
Hope I helped.
  • #3,228
  • Oct 8, 2009 9:12am Oct 8, 2009 9:12am
Hi Pilatus,

Please provide your view on why you think this trade has failed. I am running GMT +2.

One thing you may say is that resistance line is close. But pipinaintez has put a similar trade up on post #3211 where DR is close to price and you advised to take that one.

Let me know what you think, Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: z - eurusd 0510 6130.gif Size: 99 KB
  • #3,229
  • Oct 9, 2009 10:43am Oct 9, 2009 10:43am
I have just downloaded the EA and read the manual. Backtesting on th H1 charts look good.

Thanks
  • #3,230
  • Oct 9, 2009 5:28pm Oct 9, 2009 5:28pm
Quoting mic7000
Hi Pilatus,

Please provide your view on why you think this trade has failed. I am running GMT +2.

One thing you may say is that resistance line is close. But pipinaintez has put a similar trade up on post #3211 where DR is close to price and you advised to take that one.

Let me know what you think, Thanks!
Buddy!
Do you see previous high from friday which act as strong resitance at the moment? Now tell me, why would you enter long few pips befofe resistance?
Look how price immeidately rebounded from that level on friday. What does that tell you? Strong resistance. And you can expect another rebound from it.
If price was above that level and rebound from it, for long, and you get signal, you would have much potential that price wants to go long. Just learn everything you can about support and resistance levels. They are not just or always pivots. Sometimes price stalls somewhere between.
When we have trend we have higher high higher low for long trend etc. and viceversa for short trend. So, look at picture of gbp/usd today. You will notice lower low lower high etc. and clear support and resistance levels which are changing roles from support to resistance. Here we have potential to enter a trade.
Hope I helped
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd1.gif Size: 83 KB
Click to Enlarge Name: gbpusd.gif Size: 92 KB
  • #3,231
  • Oct 10, 2009 8:12am Oct 10, 2009 8:12am
Hi Pilatus, its a nice feeling to have someone who understand this amazing system like you. I agree with you that to have an edge with this system one needs proper understanding of PA,S/R levels and Pivot Point. Thanks for your feedback on questions, its been very informative and it has help my learning curve alot.
Let God be true, and every other man be a liar
  • #3,232
  • Oct 10, 2009 10:04am Oct 10, 2009 10:04am
Quoting lkdolzfx
Hi Pilatus, its a nice feeling to have someone who understand this amazing system like you. I agree with you that to have an edge with this system one needs proper understanding of PA,S/R levels and Pivot Point. Thanks for your feedback on questions, its been very informative and it has help my learning curve alot.
No problem buddy. Well, I do not know much about fx trading but I do know logic and basic background.
You can do by yourself analysis like this it is not hard. On previous examples I have intentionaly removed pivots points to show s/r levles. Now if you put back pivots you will notice that price broke weekly pivot and rebound from it for short just few candles before signal to enter short. What does that means? Always keep an eye on monthly, weekly and daily pivot. If price is bellow all there of them that gives us information we are in short trend and we need to look for short oportunitiy like in gbp/usd example.
General rule for traders who trades by pivots.
If daily pivot is above weekly pivot and weekly pivot is above monthly pivot we are in long trend and we should look for long entry after some RETRACE and of course valid signal. Vice versa is for short.
Often, mentioned pivots are not in that order. So if weekly is above monthly we are still in long and vice versa for short regardless where is daily pivot. But if we have situation like on gbp/usd we first wait for price to be below daily pivot to look for short entry, otherwise is better to wait.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd11.gif Size: 44 KB
  • #3,233
  • Oct 12, 2009 2:59am Oct 12, 2009 2:59am
Hallo MT4 gurus,

First thanks for the chart. I'm new to forex & MT4.
I just download the free MT4, and tried to login to LiqCon-Demo server.
As I open the EUR/USD chart, I see the time was : 08.10 (server time),
after applied the trend follower template, the time of chart changed to 08.40.

How can I change the time to the server time or to my local time (GMT +7) ??

Thanks.
Best regards,
- utpala -
  • #3,234
  • Oct 12, 2009 6:51am Oct 12, 2009 6:51am
Quoting utpala168
Hallo MT4 gurus,

First thanks for the chart. I'm new to forex & MT4.
I just download the free MT4, and tried to login to LiqCon-Demo server.
As I open the EUR/USD chart, I see the time was : 08.10 (server time),
after applied the trend follower template, the time of chart changed to 08.40.

How can I change the time to the server time or to my local time (GMT +7) ??

Thanks.
Best regards,
- utpala -
Find broker mt4 with other server time.
  • #3,235
  • Oct 12, 2009 6:02pm Oct 12, 2009 6:02pm
hi i am just want to ask why my platforms did not get any signal that day
Check it out..

Attached Image (click to enlarge)
Click to Enlarge Name: gbp fxsol.JPG Size: 201 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbp alpari.JPG Size: 196 KB
  • #3,236
  • Oct 12, 2009 7:48pm Oct 12, 2009 7:48pm
Quoting pilatus
Find broker mt4 with other server time.
Hi Pilatus,

Thanks for your information. So, it's impossible ... I see ... Thanks.

- utpala -
  • #3,237
  • Oct 13, 2009 4:51am Oct 13, 2009 4:51am
Quoting minanaeim
hi i am just want to ask why my platforms did not get any signal that day
Check it out..

Attachment

Attachment
Hi Pilatus

I also have not got the signal that you have uploaded. My MT4 is consistent with whats above
  • #3,238
  • Oct 13, 2009 8:08am Oct 13, 2009 8:08am
Quoting mic7000
Hi Pilatus

I also have not got the signal that you have uploaded. My MT4 is consistent with whats above
People I really do not know what to say. This is my chart, look again. Next you should try to restart ema crossover signal indicator. That can sometimes put arrows in right position.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd11.gif Size: 90 KB
  • #3,239
  • Oct 13, 2009 10:44am Oct 13, 2009 10:44am
I am new in this post and will be using this system in demonstrative account to understand better, now if somebody has a bacana tip of as to dominate this system it could give to me?
  • #3,240
  • Oct 14, 2009 2:38am Oct 14, 2009 2:38am
Hallo TheWicker, Pilatus and others,

1) I found mq4 that tell my current local time. Is it possible to 'bundle' it together in the template, so I don't need to add it everytime I open the new chart (drag & drop, tick at DLL .. etc) ? If yes, how ?

2) Is it possible to call all mq4 indicator, so if ALL the rules match, it will prompt alert (like EMA crossing alert). In PHP we can call the function of other files / class, and work with them to build a new target. Is it possible in MT4 mq4 ? Any tips ? Any suggestion where can I get information about MT4 programming ?

Thanks.
Regards,
- utpala -
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