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Trend Follower 5 Minute System

  • #3,321
  • Jan 5, 2010 10:31am Jan 5, 2010 10:31am
Hi Guys,

I've been an avid reader of FF threads for quite a while but, have only registered recently. Although new to the site, I have been trading for many years.

The Trend Follower system, created by The Wicker, seems to be exceptionally good and, in fact, I have been back testing it for a few days. The author stated that the system should produce approx 3 trades per week per pair. This appears to be a conservative estimate from the signals that I have seen.

I've used several systems over the years, both of my own design and proprietory. They don't come much better than this. Now, if we can only capture those 100 pt reversal trades, then it would be sensational. Only joking!!
  • #3,322
  • Edited 4:06pm Jan 5, 2010 12:09pm | Edited 4:06pm
Quoting Alan5616
Hi Guys,

I've been an avid reader of FF threads for quite a while but, have only registered recently....
Thanks for the recommendation Alan. I've been trying to get away from scalp the last couple of months, but you may make me interested again. Hope you'll post some charts etc here soon using this method.
PS:
Could someone plz post the template with the rainbow plz? Been looking for it a while now under the paper clip with all images hidden but still haven't located it yet.
  • #3,323
  • Jan 5, 2010 9:59pm Jan 5, 2010 9:59pm
Quoting Alan5616
Hi Guys,

I've been an avid reader of FF threads for quite a while but, have only registered recently. Although new to the site, I have been trading for many years.

The Trend Follower system, created by The Wicker, seems to be exceptionally good and, in fact, I have been back testing it for a few days. The author stated that the system should produce approx 3 trades per week per pair. This appears to be a conservative estimate from the signals that I have seen.

I've used several systems over the years, both of my own design and proprietory....
Been forward testing this system for at least 3 months now and it is very reliable on 5 min TF. At least, in my experience.

On backtest over a 3 month period on 1H TF, the signals are even more reliable, but the signals are very very few, which is why I think the system might not be optimized for the higher TF.

Don't take my word for it, you should test it to prove it to yourself........
  • #3,324
  • Jan 5, 2010 10:28pm Jan 5, 2010 10:28pm
Quoting albertsy2
Been forward testing this system for at least 3 months now and it is very reliable on 5 min TF. At least, in my experience.

On backtest over a 3 month period on 1H TF, the signals are even more reliable, but the signals are very very few, which is why I think the system might not be optimized for the higher TF.

Don't take my word for it, you should test it to prove it to yourself........
have been used the system for 1 month, glad to heard that the system is promising.
wondering when you tested the system, had you followed all the entry rules suggested by the author or will you choose which single entry signal to go or not...
  • #3,325
  • Edited 2:04am Jan 6, 2010 1:57am | Edited 2:04am
5 minutes Trend Follower gave this over 50 pips valid short signal this morning on EU (also valid long on USDCHF but I took only EURUSD).I exited with +35 pips profit and now watching EU retracement for possible shorting signal (it might happen around my fib 61.8 i.e 1.43356) again and USDCHF for a possible rebounce on wkly pivot resistance turned support overlap with Fibo 76.1.

I'm not happy with my trade management yet, with a good one I could've been at least +50 pips.I'm happy with my +35 though.

Anybody with me here?

The system is great!!!
Attached Image (click to enlarge)
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Attached Image
  • #3,326
  • Jan 6, 2010 4:58am Jan 6, 2010 4:58am
Hallo Pilatus & others,

Have any one use bigger time frame like 30 minutes or 1 H ? If using this time frame, what is new value that must be change on the system ? I mean, what is the value of Laguerre, MACD, RainbowMMA_xx for 30m/1H time frame ?

Or we can use the same value (the 5 minutes one) for that ?

Thanks.
- utpala -
  • #3,327
  • Jan 6, 2010 5:24am Jan 6, 2010 5:24am
Quoting albertsy2
Hi Pilatus, was this in the Trend Follower rules? I don't remember seeing this.
Thewicker said that in some posts from begining. Read and discover.
  • #3,328
  • Jan 6, 2010 5:27am Jan 6, 2010 5:27am
Quoting utpala168
Hallo Pilatus & others,

Have any one use bigger time frame like 30 minutes or 1 H ? If using this time frame, what is new value that must be change on the system ? I mean, what is the value of Laguerre, MACD, RainbowMMA_xx for 30m/1H time frame ?

Or we can use the same value (the 5 minutes one) for that ?

Thanks.
- utpala -
Use the same becuase it si same thing, candles are candles.
  • #3,329
  • Jan 6, 2010 8:44am Jan 6, 2010 8:44am
Quoting tchunhei
have been used the system for 1 month, glad to heard that the system is promising.
wondering when you tested the system, had you followed all the entry rules suggested by the author or will you choose which single entry signal to go or not...
I was testing on the majors, since October. Yes, I was following all rules. Lately (end of December), I added one more -- that price should be below the blue rainbow lines if short, and above if long. Not really a major change to the rules, because the rules do state that all colors should point in the same direction, and usually the price is where it should be anyway if all colors are pointing the same way.
  • #3,330
  • Jan 6, 2010 1:31pm Jan 6, 2010 1:31pm
Today in evening we had 2 excellent signals. First one is eur/usd with nice rebound from previous resistance now support and second one on aud/usd with same thing signal, after ranging market, price break above resitance and that uper resistance became support and we get signal.
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Click to Enlarge Name: audusd.gif Size: 91 KB
  • #3,331
  • Jan 6, 2010 8:24pm Jan 6, 2010 8:24pm
Quoting albertsy2
I was testing on the majors, since October. Yes, I was following all rules. Lately (end of December), I added one more -- that price should be below the blue rainbow lines if short, and above if long. Not really a major change to the rules, because the rules do state that all colors should point in the same direction, and usually the price is where it should be anyway if all colors are pointing the same way.
the guide does not share a specific way to exit or stop loss, would you share also how you did that to acomplished the promising result?
  • #3,332
  • Jan 6, 2010 9:42pm Jan 6, 2010 9:42pm
Quoting tchunhei
the guide does not share a specific way to exit or stop loss, would you share also how you did that to acomplished the promising result?
Everything you need is there. Please take some time to read the manual. I will copy-paste the SL and Exit rules for you:


LongBuy
ENTRY: First We wait for a long signal alert
GUPPY MMA: The green lines must be above the red lines! Green, Red and Yellow lines must agree and head north. All the lines must be going in the same direction!
LAGUERRE: Laguerre line must cross the 0.15 from below and head up
MACD: This is important! When you get the signal MACD must be above 0
STOP LOSS: 5 points (+spread!) below recent LOW
ALTERNATE STOP LOSS: 20 points on default pairs and 25 point on more volatile pairs such as the GBP pairs and crosses. Choose whatever SL method fits you best
EXIT (combined): When you open a position you can then choose to close half of the position on the first pivot point and let the other half run till the slope direction line goes red
ALTERNATE EXIT: You can choose your own method and close positions at pivot points or when slope direction line goes red after a move, or when price (a new candle) opens on the other side of the volatility channel


ShortSell
ENTRY: First We wait for a short signal alert
GUPPY MMA: The green lines must be below the red lines! Green, Red and Yellow lines must agree and head south.All the lines must be going in the same direction!
LAGUERRE: Laguerre line must cross the 0.75 from above and head down
MACD: This is important! When you get the signal MACD must be below 0
STOP LOSS: 5 points (+spread!) above recent HIGH
ALTERNATE STOP LOSS: 20 points on default pairs and 25 point on more volatile pairs such as the GBP pairs and crosses. Choose whatever SL method fits you best
EXIT (combined): When you open a position you can then choose to close half of the position on the first pivot point and let the other half run till the slope direction line goes blue.
ALTERNATE EXIT: You can choose your own method and close positions at pivot points or when slope direction line goes red after a move, or when price opens on the other side of the volatility channel.
  • #3,333
  • Jan 7, 2010 12:21pm Jan 7, 2010 12:21pm
I really like this system, but is there anyway to enable the alerts to send a text message to my cell phone when the arrow pops up? Thanks in advance.
  • #3,334
  • Jan 7, 2010 1:51pm Jan 7, 2010 1:51pm
Quoting lcraft93
I really like this system, but is there anyway to enable the alerts to send a text message to my cell phone when the arrow pops up? Thanks in advance.
Sure it is, I have it. First you need to go in tools/options/mail and put there a regular mail, ad then ask your mobile provider to give you a phone mail. like [email protected] or something like that. Then you redirect mail you put in tools/options/mail to that mobile mail, and you will get instant message when you get signal. OF course I forget, you need to have an EA with switched email on. I use "signaltrend follower+snapshot".
Conclusion, when you get signal, EA will deliver message to first mail which will be redirected to last mobile (sms) mail which will send you instant message that you have signal. It takes about 5 sec after signal to get sms message.
Hope I helped.
  • #3,335
  • Jan 8, 2010 1:23am Jan 8, 2010 1:23am
Hi Pilatus

I was just browsing through this thread (I have not read all posts yet), and I see that you are using...

a. S&R lines (drawn by yourself)
b. trendlines (drawn by yourself)
c. formations (double top, head and shoulders, etc)

do you also use these for entry confirmation

a. pin bars
b. outside bars
c. inside bars
d. engulfing bars

or do you just use trendfollower alone for that?
  • #3,336
  • Jan 8, 2010 2:07am Jan 8, 2010 2:07am
Quoting albertsy2
Hi Pilatus

I was just browsing through this thread (I have not read all posts yet), and I see that you are using...

a. S&R lines (drawn by yourself)
b. trendlines (drawn by yourself)
c. formations (double top, head and shoulders, etc)

do you also use these for entry confirmation

a. pin bars
b. outside bars
c. inside bars
d. engulfing bars

or do you just use trendfollower alone for that?
Yes I do but I search for them on higher time frame, mostly exhaustion candles or doji. And I use fib on higher time frame to get a clear picture of trend or possbile reversal.
  • #3,337
  • Jan 8, 2010 11:53am Jan 8, 2010 11:53am
Thanks for your response Pilatus.

What is an EA though? I just have the original template with all the email stuff set.
  • #3,338
  • Jan 8, 2010 1:06pm Jan 8, 2010 1:06pm
Quoting lcraft93
Thanks for your response Pilatus.

What is an EA though? I just have the original template with all the email stuff set.
signaltrendfollower+snapshot is the name of EA I use to get signal on mobile
  • #3,339
  • Jan 8, 2010 2:57pm Jan 8, 2010 2:57pm
Guys.. i have read through the posts and loaded all the indicators ad the template. I have also signal trend follower2 + snapshot EA.

I notice that this EA does not have many paramaters - lot size etc. Is this ACTUALLY an EA or is it something else? Is there an EA for this system? If so, which post can i find it on - i seemed to have missed it.
  • #3,340
  • Jan 8, 2010 3:00pm Jan 8, 2010 3:00pm
The EA just gives signals and records a snapshot if needed. It doesn't enter trades.

Lux
MT4 EA, Indicator and Alert Coder Since 2006
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