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Trend Follower 5 Minute System

  • #3,361
  • Feb 13, 2010 2:31am Feb 13, 2010 2:31am
Hello guys
The system looks very good one.
Anyone try to use on higher TF Daily , 4H, 1H?
  • #3,362
  • Feb 13, 2010 5:42pm Feb 13, 2010 5:42pm
Quoting egkid
Hello guys
The system looks very good one.
Anyone try to use on higher TF Daily , 4H, 1H?

That's right, it's a pretty nice trend-based system for manual traders. Here's another trend-styled, 5M auto system that relies on entries from multiple timeframes:
http://www.mt4i.com/users/trendmaster
From the tips to the dips, it's all about the pips
  • #3,363
  • Feb 14, 2010 4:28am Feb 14, 2010 4:28am
Hi Urban and guys:

I'm just reading the system and looks really good... Thanks for sharing...

I've read the entire thread and have a little question:

Why the Laguerre levels are 0,15 and 0,75 instead of 0,15-0,85 or 0,25-0,75?

Do you see my point?

Thanks in advance.

Juan Pablo
Argentina
  • #3,364
  • Feb 14, 2010 5:35am Feb 14, 2010 5:35am
Hi there...

I made the spanish translation....

If Urban approve it, I can upload it.

Best regards....

Juan Pablo
Argentina
  • #3,365
  • Feb 14, 2010 9:42pm Feb 14, 2010 9:42pm
Quoting WilteredFire
Okay guys Im deciding to share some posts to help revive this method of trading but will not be sharing here to distract and take away from the Wicker but put things into a seperate thread otherwise people here might get confused. I'll start a new thread if anybody wants to learn more about spotting retracements and trends with m1 and m5, hopefully I can clarify some things for you all If i may.

God bless and thanks pilatus again for helping people here.
I love this system and would like to learn from your insights and refinements. Where do I go to find your new posts or thread?
  • #3,366
  • Feb 16, 2010 1:12pm Feb 16, 2010 1:12pm
simple trade in 5minute trading.by 18 of EMA(3,6,9,12,15,18)and MACD.we can look or find the best entry for buy and sell.iam sorry i can't post it with picture becouse i have problem how to insert the chart picture to show how its works any one can help me?
  • #3,367
  • Feb 17, 2010 6:39am Feb 17, 2010 6:39am
I missed that one because I've full time job... But I wanted just to said you guys that the system is still working. Simply, follow the rules and you will be rewarded. Yesterday EU(15:30-18:25GMT) +110 pips!!!!
Thanks again TheWicker
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.jpg Size: 246 KB
  • #3,368
  • Feb 19, 2010 11:46am Feb 19, 2010 11:46am
suscribe
"The person who knows that enough is enough, will always have enough". .
  • #3,369
  • Feb 22, 2010 3:51am Feb 22, 2010 3:51am
i read over most of the thread and was wondering if any of the original guys are still trading this. also was wondering if any one wanted to get in a chat room to trade together and discuss it on there.
  • #3,370
  • Feb 25, 2010 5:47pm Feb 25, 2010 5:47pm
Hello all,

I've just finished reading this great thread.
Thanks to author and all contributors to describe this
really good system.

One question I would like to ask - is about
indicator c) Volatility Channel.

They're shown on each and every chart of this system user.
However, there is no much rules and information at all -
how to use this channel.
What does it indicates?
How to use it for entry or exit?
Is it necesesary to have it on charts at all?

I've done a search on the thread, and I've read first 100 pages
in full (following posts - very quickly), but cannot find
decent answer to my question.
  • #3,371
  • Mar 1, 2010 1:12am Mar 1, 2010 1:12am
Hi everybody,
I developed an EA which relies on Trend Follower 5 Minute System. Anyway I noticed that the performance aren't so good as we can expect, in particular with the other pairs except EURUSD.
If I post it, is anyone interested in discussing about it?
  • #3,372
  • Mar 1, 2010 3:35pm Mar 1, 2010 3:35pm
Quoting Behemot
If I post it, is anyone interested in discussing about it?
I will be interested.
Interesting to check your exit logic & set of input pars for EA.
I'm developing my own full Indicator (to give trading signals)
according this system now.
Haven't started the exit part yet, but assume it
could be the most difficult one.
  • #3,373
  • Mar 2, 2010 6:43am Mar 2, 2010 6:43am
Quoting noone22
I will be interested.
Haven't started the exit part yet, but assume it
could be the most difficult one.
You're right, it's actualy the most difficult part. I decided to set a profit/risk ratio and then I choose the nearest pivot as take profit point for the first half part, the second one is closed by monitoring the slope direction line.

Have you got a better idea?
Attached File(s)
File Type: mq4 TrendFollower6.mq4   15 KB | 1,395 downloads
  • #3,374
  • Mar 2, 2010 10:33am Mar 2, 2010 10:33am
Once again on EU at 08:15 GMT +80 pips...
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Follower M5-EU.jpg Size: 201 KB
  • #3,375
  • Mar 2, 2010 3:32pm Mar 2, 2010 3:32pm
for the one's that trade this can you give an idea on how many sigals to entry you get on a avreage day

also whats your win rate with this

thanks
"The person who knows that enough is enough, will always have enough". .
  • #3,376
  • Mar 3, 2010 1:18am Mar 3, 2010 1:18am
i have a suggestion to minimize some of the losses. what if you put in the code for the ea to automatically move the sl to +1 once you are up 15 or 20 pips or a number that the user can define
  • #3,377
  • Mar 4, 2010 12:27am Mar 4, 2010 12:27am
Yes, what you said it's up to RefreshTrailing function.
  • #3,378
  • Edited 2:25am Mar 4, 2010 2:01am | Edited 2:25am
Excellent setup on AUD/USD at the moment
Lets see if it plays out

EDIT:
well... that failed
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 52 KB
  • #3,379
  • Mar 4, 2010 6:46am Mar 4, 2010 6:46am
I think the Guppy too expanded, or not?
  • #3,380
  • Mar 7, 2010 3:55am Mar 7, 2010 3:55am
Yes gyusz2, IMHO that one wasn't an excellent set up because Guppy was too expanded and a big move (+70 pips) was developed already. I agree with you. Probably, 7 hours before, when we noticed a bounce from the Pivot Level were a good one (not qualified as excellent A+ but almost a good one or less risky trade). Just my two cents!!
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