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5 Min TrendPipper - with Hull, Ema and Pivots

  • #21
  • Apr 4, 2011 9:52am Apr 4, 2011 9:52am
I looked for an example for a day the system doesn't produce many pips, and found that at least on that day it also doesn't produce too many losers.

25th Mar, there were at least 12 signals but only 3 valid entries, one Break even trade and one -7 pips and one +22 pips.

You can see price going above and below the EMA many times whereas in a good trend price mostly stays on the right side.
Example of good day following
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  • #22
  • Apr 4, 2011 10:14am Apr 4, 2011 10:14am
This example gave 156 pips for the day, 30th Mar, no losers.

4 signals, multiple valid entry points. Notice price touching 20 EMA then bouncing along it.

There were more entries but I discounted some if they are too close to a pivot point and don't give the trade room to mature.

Those I disqualified have a blue box highlighting why they were disqualified.
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  • #23
  • Apr 4, 2011 10:16am Apr 4, 2011 10:16am
Quoting julie1585
This example gave 156 pips for the day, 30th Mar, no losers.

4 signals, multiple valid entry points. Notice price touching 20 EMA then bouncing along it.

There were more entries but I discounted some if they are too close to a pivot point and don't give the trade room to mature.

Those I disqualified have a blue box highlighting why they were disqualified.
what kind of moving average magenta one?
Hero calls followed by margin calls...
  • #24
  • Apr 4, 2011 10:19am Apr 4, 2011 10:19am
Quoting belka
To find your saved templates, go to the Templates folder and then click the "Compatibility Files" menu bar on the upper side of your windows explorer

Oh thank you so much. Such a simple fix for a very annoying problem.
  • #25
  • Edited 10:42am Apr 4, 2011 10:27am | Edited 10:42am
Quoting PhAnTi'
what kind of moving average magenta one?

20 EMA set to close.

I go that idea from the http://www.forexfactory.com/showthre...=285131&page=1 - he uses 18 EMA with Momentum Indi on 1 hour, so while i was trying to make it fit a smaller time frame I noticed that price often bounces along the 18-20 ema in all timeframes 5m+

The 20 EMA basically ends up being your trend line.

Looking at todays GU you almost don't need any other indicators just go long above 20 ema and short below it. lol Can't get much simpler than that. And it produced about 140 pips today.
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  • #26
  • Apr 4, 2011 10:30am Apr 4, 2011 10:30am
Quoting julie1585
20 EMA set to close.
thanks bro
Hero calls followed by margin calls...
  • #27
  • Apr 4, 2011 10:33am Apr 4, 2011 10:33am
Julie,
Good job with your method.
I may be wrong but this looks a lot like bounce trades from the 20EMA and in that respect is very related to the CHOROS thread (although we mainly use the 10 ema, 35 sma and 50ema there). We also use Pivots a lot.
Your novelty of using the Hulls as filtering is very interesting.

Kostas.
  • #28
  • Apr 4, 2011 10:44am Apr 4, 2011 10:44am
Quoting PhAnTi'
thanks bro

lol, I be a sis
  • #29
  • Apr 4, 2011 11:35am Apr 4, 2011 11:35am
I'm impressed ;D
Thanks julie.
  • #30
  • Apr 4, 2011 4:42pm Apr 4, 2011 4:42pm
Quoting julie1585
lol, I be a sis
ha sry .... i call everyone bro ...doesnt matter if its a him,her or even an animal
Hero calls followed by margin calls...
  • #31
  • Apr 5, 2011 2:29am Apr 5, 2011 2:29am
Julie, thank you for your system.
Here is a question: what if after we have a signal and trigger candle forms (rejection of EMA20) - one or more NonLagMa indicators change color, is signal still valid or they should be the same color?
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  • #32
  • Apr 5, 2011 2:34am Apr 5, 2011 2:34am
Anyone get this entry on the pound today? 91 pips if you stayed for the full ride, I missed it.

You can see on the chart the signal was right on European Open (Tokyo Close) and entry just after London open.

After a horrible Asian session I got disgruntled and left the pound and started looking at the Euro instead. I did do a couple of small pound trades during Asian session, but I am going to put a big sign on my screen,

GO DO SOMETHING ELSE DURING ASIAN SESSION.
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  • #33
  • Apr 5, 2011 2:41am Apr 5, 2011 2:41am
Quoting julie1585
Anyone get this entry on the pound today? 91 pips if you stayed for the full ride, I missed it.

You can see on the chart the signal was right on European Open (Tokyo Close) and entry just after London open.

After a horrible Asian session I got disgruntled and left the pound and started looking at the Euro instead. I did do a couple of small pound trades during Asian session, but I am going to put a big sign on my screen,

GO DO SOMETHING ELSE DURING ASIAN SESSION.
Julie,

the big move was only because of major news for GBP. In your first post you said to be careful at news time. So you had taken the trade regardless the news?

PS:
On my chart the color for the first MA was yellow at the candle close you pointed at. So no entry...

Cheers,
Olarion
  • #34
  • Apr 5, 2011 2:53am Apr 5, 2011 2:53am
Quoting Olarion1975
Julie,

the big move was only because of major news for GBP. In your first post you said to be careful at news time. So you had taken the trade regardless the news?

PS:
On my chart the color for the first MA was yellow at the candle close you pointed at. So no entry...

Cheers,
Olarion
I agree.
All three weren't green until the close of the big candle.
It appears the same on Julie's chart.
  • #35
  • Apr 5, 2011 2:55am Apr 5, 2011 2:55am
Quoting julie1585
Anyone get this entry on the pound today? 91 pips if you stayed for the full ride, I missed it.

You can see on the chart the signal was right on European Open (Tokyo Close) and entry just after London open.

After a horrible Asian session I got disgruntled and left the pound and started looking at the Euro instead. I did do a couple of small pound trades during Asian session, but I am going to put a big sign on my screen,

GO DO SOMETHING ELSE DURING ASIAN SESSION.
100 % fundamental...worked with any system
Hero calls followed by margin calls...
  • #36
  • Edited 8:23am Apr 5, 2011 2:59am | Edited 8:23am
Quoting powerlexus
Julie, thank you for your system.
Here is a question: what if after we have a signal and trigger candle forms (rejection of EMA20) - one or more NonLagMa indicators change color, is signal still valid or they should be the same color?
Good question, I have two answers to this.

Firstly IF there was a strong signal earlier as there was on the big pound one, and the entry comes later without the 2 big NonLag's are changing colour to me that signifies good entry, strong trend in place. I don't like to enter if candle is wrong colour, and NonLag is wrong colour. The higher NonLag's never changed colour - good sign.

This candle was also closing above the MR1 so to me perfect entry point.

For instance would not enter on the smaller green candle in the red patch on NonLag, nor the bearish engulfing candle next to it. That's why the entry is the bullish candle above MR1 and NonLag is not red.

Short answer, yes to yellow, if other factors support it.

Secondly - the Non Lag Indicator that is not in a separate window actually doesn't show the yellow and I did toy with the idea of having the NonLag's on chart instead of separate so we don't get the yellow. I may go back to having the small NonLag's on chart and re-organising colours.
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  • #37
  • Edited 8:23am Apr 5, 2011 4:02am | Edited 8:23am
Quoting Olarion1975
Julie,

the big move was only because of major news for GBP. In your first post you said to be careful at news time. So you had taken the trade regardless the news?
PS:
On my chart the color for the first MA was yellow at the candle close you pointed at. So no entry...
Cheers,
Olarion
Quoting billbss
I agree.
All three weren't green until the close of the big candle.
It appears the same on Julie's chart.

Firstly 'be careful' doesn't mean don't trade, to me it means tighten stops, be aware, watch more carefully.

I saw this trade after the fact as I mentioned I missed it and was asking if anyone else got it.

Don't trade if you prefer not to, surely you would make your own decisions regarding fundamental/news trading, I only put that in to remind people to be aware of the fact that news will/may affect the trades.

I tried to make the rules as simple as possible and I could add 3 or 4 more rules around yellow colour, news, also add in candle patterns etc but I wanted a system with simple colour coded entry and few rules.

I don't do fundamentals and don't care what caused the move, I am however happy the system showed a valid entry, albeit confused slightly by the yellow factor. I have to admit I prefer 2 colour NonLag's and the NON separate one shows it as a valid entry.

Actually if you look very closely and zoom on a colour change candle the marker is half way thru the center of the candle and it is yellow on the left and green on the right, I read that as green, meaning at the close it turned green. So entry is at close/entry of next.

I have been counting those candles where it changes as the colour of the change, if that makes sense.
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  • #38
  • Apr 5, 2011 4:29am Apr 5, 2011 4:29am
Is this considered a setup now on eurgbp?
  • #39
  • Apr 5, 2011 4:48am Apr 5, 2011 4:48am
After some screen time with these indicators, I found out that It would be useful, imho, if NonLagMA_separate indicator would be displayed like some small rectangles or something in one gorizontal line, it's more visual frendly, imho, because in real time it is hard to see whith what colors last candle closed and candle which is forming currently.
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  • #40
  • Edited 8:24am Apr 5, 2011 5:26am | Edited 8:24am
Firstly thank you to all who have looked at and commented on this system. I really appreciate people who are taking a look and giving me some feedback.

What I would like is for people who are trading the system either demo or live to post their charts and results showing entry and exits. I would also like to see charts of trades on different currencies and times if you think the system works on that currency.

If anyone has suggestions for better settings for the NonLag's or even the EMA for a particular currency feel free to add your input.

Stop losses used and take profit/exit ideas also welcome. But please be specific. Phanti mentioned my stop loss I thought the was saying it was too small, turned out after a number of posts he thinks its too big lol. Wish I had known, I spent time assessing a larger stop loss, didn't realise he wanted it smaller.

Anyway I now tend to agree after another few days of trading will probably amend it to 10-12 pips even for the pound. If it proves feasible it may go to 8 who knows, why don't you guys give it try and see how you go. It does sort of depend on your entry compared to candles entry, and also if a pivot point close by etc so can be adjusted and I do adjust mine. 15 pips seemed to be a cover all and worked for most trades. But if you look away, news happens and your sl gets taken 15 pips is a lot I agree.

The more people that try the system and try different currencies/times/settings the better off we will be.

I don't really want more indicators unless they are particularly apt for this system and can be colour coded
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