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Trend Follower 5 Minute System

  • #3,401
  • Mar 22, 2010 7:59am Mar 22, 2010 7:59am
Hi all,
I found this thread on the weekend and found it thoroughly interesting. Nice system suited to those of us who can't seem to stomach holding onto a trade for too long.
Nice setup today, short on AUD/JPY netted 20 pips on my micro account.
Maybe more pips to come for those that can hold...
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  • #3,402
  • Edited 1:15pm Mar 22, 2010 12:13pm | Edited 1:15pm
Quoting pilatus
Hello!
On your example can you please mark signal candle or candle of entry and stop loss please??? And show us how many pips is your stop loss from entry???
Hi Pilatus,
thanks for answering.

My intetion is not to propose any new way to enter the trade or to set initial stop loss, but just a way to exit the trade as an alternative to the slope indicator.

In my picture there are two possible exit signal, one around 11.35/11.50 in case you entered the previuos entry signal (around 10.30) and another one around 14.30/14.40 (still in case you entered the previous signal around 13.45).

My personal way to set stop loss is around 20 pips plus spread and then follow manually the trade and close part of it when hitting pivots or S/R. I am tryign to let a part of the trade till the price crosses the cloud to get a smuch pips as possible. I guess the exit rule whith slop indicator is slower than with the Ichimoku cloud.

It would be nice if somebody can put this rule in the existign EA so we can test if this exit rules works better than the slope one.

Thanks
  • #3,403
  • Mar 23, 2010 3:19am Mar 23, 2010 3:19am
Quoting pulluca
Hi Pilatus,
thanks for answering.

My intetion is not to propose any new way to enter the trade or to set initial stop loss, but just a way to exit the trade as an alternative to the slope indicator.

In my picture there are two possible exit signal, one around 11.35/11.50 in case you entered the previuos entry signal (around 10.30) and another one around 14.30/14.40 (still in case you entered the previous signal around 13.45).

My personal way to set stop loss is around 20 pips plus spread and then follow manually the trade and close part of...
Ok I understand your intention and it looks promising with exits. But problem is if you enter to late because of anothers sort of candles. So please put the picture with exact stop loss and entry level and exit. So we can discuss about it.
Thanks.
  • #3,404
  • Mar 24, 2010 10:09pm Mar 24, 2010 10:09pm
is their a EA alert for this somewhere here

thanks
"The person who knows that enough is enough, will always have enough". .
  • #3,405
  • Mar 26, 2010 7:08am Mar 26, 2010 7:08am
[quote=jens;3581141]
Quoting pulluca
Hi to everybody on this great thread and thanks to all the contributors.

This is my first post. I would like to submit a couple of ideas to the group.

I have been studying and testing this system with the trade simulator since a while now and one day I decided to use some of the great ideas of Cobraforex used in the THV4 system. Not to enter the trade but to exit it.

In my chart I have added the Ichimoku Kinko Hyo and the Haiken Ashi.
I am testing the system with GBP/USD on M5.

What I noticed is that if I exit the...

Hi jens,
I use the Ichimoku Kinko Hyo with followign settings:
Tenkan - sen = 2
Kijun - sen = 5
Senku Span B = 8

Just set the colors as follow:
Tenkan - sen = None
Kijun - sen = None
Chinkou Span = None
Up Kumo = White
Down Kumo = White


Hope this helps.
Please let me have your feedbacks on the effectivness of the cloud for exit.
  • #3,406
  • Apr 9, 2010 3:07pm Apr 9, 2010 3:07pm
Perfect setups this morning and I missed its. (My broker's timezone GMT+1) Nobody writes, the life stopped here...?
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  • #3,407
  • Apr 12, 2010 11:39am Apr 12, 2010 11:39am
Looking at 1H, trend going down.
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  • #3,408
  • Apr 12, 2010 11:50am Apr 12, 2010 11:50am
Then look at 5m, based on wicker strategy entry was made. Not sure how much it can go down. Set TP.
  • #3,409
  • Apr 13, 2010 4:02am Apr 13, 2010 4:02am
Fantastic trades gyusz2 !

Can you share with us your templates and indicators that aren't in the original template?

Thanks for all!!
  • #3,410
  • Apr 14, 2010 4:44am Apr 14, 2010 4:44am
Quoting gyusz2
Perfect setups this morning and I missed its. (My broker's timezone GMT+1) Nobody writes, the life stopped here...?

What is the white indicator?

Thanks gyusz2.
  • #3,411
  • Apr 14, 2010 1:00pm Apr 14, 2010 1:00pm
Quoting paco_romero
What is the white indicator?

Thanks gyusz2.
This is the original trendfollower system, plus the white indicator is profx.
  • #3,412
  • Apr 17, 2010 2:31pm Apr 17, 2010 2:31pm
hello,

THX for this very interesting thread, i gave a try at this method on demo account and i gonna try it in live soon.

just my small contribution to convert indicators for MT5 (unfortunatly we would probably forced to move on...)

it would be nice to find a way together getting everything working on MT5.

good trading everybody

(pivots are just daily ones and i found them on the web)
Attached File(s)
File Type: zip Laguerre+daily_pivots.zip   2 KB | 844 downloads
if you win you can share if you loose you can try to sell your shit.
  • #3,413
  • Apr 18, 2010 9:00am Apr 18, 2010 9:00am
Can someone direct me to a .pdf that describes the rules of the system, which indicators to apply to charts ... etc?

I have downloaded the .zip file w/thread #15, and it appears to have most of the indicators. I have been able to find the missing indicators, along with the EA alert, but I have not found the primary .pdf describing the EA and the rules.

Thanks!
  • #3,414
  • Apr 18, 2010 1:25pm Apr 18, 2010 1:25pm
you can find all your needs in the first post, regarding the EA maybe with some courage you will find everything reading the whole thread.
if you win you can share if you loose you can try to sell your shit.
  • #3,415
  • Apr 20, 2010 8:15am Apr 20, 2010 8:15am
Hi Pilatus,

Please can you/someone explain why this trade failed.

There is a perfect bounce of this resistance line.

Thank You
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  • #3,416
  • Apr 20, 2010 9:08am Apr 20, 2010 9:08am
watching 30min chart it sounds like "support 3" is becoming a strong support, maybe...

http://imagebin.org/93721http://imagebin.org/93721
if you win you can share if you loose you can try to sell your shit.
  • #3,417
  • Apr 20, 2010 9:12am Apr 20, 2010 9:12am
Quoting kikoolol
watching 30min chart it sounds like "support 3" is becoming a strong support, maybe...

http://imagebin.org/93721http://imagebin.org/93721

Thanks for your reply, I was thinking that too.. but just saw the bounce from the resistance level and went in.

Also, would you trade EUR/GBP, or is it a pair like EUR/CHF, that does not move much?
  • #3,418
  • Apr 20, 2010 9:16am Apr 20, 2010 9:16am
i'm still learning, i can't tell you... but i don't trade these pairs
if you win you can share if you loose you can try to sell your shit.
  • #3,419
  • Apr 20, 2010 12:06pm Apr 20, 2010 12:06pm
Quoting mic7000
Hi Pilatus,

Please can you/someone explain why this trade failed.

There is a perfect bounce of this resistance line.

Thank You

Anyone else provide there view on this trade??
  • #3,420
  • Apr 20, 2010 4:08pm Apr 20, 2010 4:08pm
Quoting mic7000
Anyone else provide there view on this trade??
First page of this thread:
"Trading time: From EU open untill US close
Recommended Forex Pairs: USD/JPY, USD/CHF, GBP/USD, EUR/USD, USD/CAD, AUD/USD, EUR/JPY and Gold"

EurGbp, EurChf: not recommended pairs, too slowly. Anyway, this was not a good setup, i think guppy not contracted.
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