5 Min TrendPipper - with Hull, Ema and Pivots

I hate watching a trade move very fast and I am not in it, but I am trying to Trade a system and not just hop in and chase a move. With the 5 minute charts at least it wont take too long for another signal and/or entry in.

Gleneagles see post 76 has suggested a possible alternative if no pullback and good trend by using the NonLag set to 4 or 5 and using them to get back in. Looks good will look in more depth tomorrow.

you near sidney ? australia is a dream !

Julie must be in Western Australia, when she said this: it was 7pm here in the UK which is 7 hours behind her, so that is Western Australia, the UK is 9 hours behind Sydney.

gbpusd long out x1 +50 from 1010am est. entry, 1 of 3 lots

Julie.

M1/M5 trading seems to be my destiny.

Love what you are doing here and will setup a platform and give this a spin.

Appreciate all your efforts.

gbpusd and eurusd breakout at open of asian session long entry at 800pm est.

I like your system, here is some screen shots , I have changed some of the setting and added a few indi's, The m5 will be good for entrys and the m15, and h1 will help out for exits. I will also post the indis , credit to bandung and kill 56, for extra indi's . I have also added a 4 weighted ma with the 20 ems, and watch for the cross.

fishman356

Here is the indi's and template, I hope it helps your system.

fishman356

Hi guys,

yep West Aussie, soon to be in Queensland though (north of Sydney) for 4 weeks visiting my sister Luckilly my sister has said I can use her brand new laptop while I am over there (phew) otherwise I would have to deal with forex withdrawal symptoms.

Hi Julie and other group members,

I’ve done some searching and found another NonLag EMA SW indicator in dot form (or “lights” as the style is known in the THV forum, from such indicators as the MTF Trix and SwissArmy). This indicator I’m attaching here is called MTF_NonLagMA_v7.1 SW.mq4, and it includes the yellow-coloured transition period between green and red that we’ve become familiar with. I’ve compared it against the original NonLag_MA Separate.ex4 indicator that julie1585 provided, and it matches.

You will need to change the colours (if you don’t want to be confused), as this indicator was designed for a different trading system which uses non-standard colours for up and down. The pre-set colours are,: Aqua = our Yellow (transition), Dark Violet = our Green (up), and Yellow = our Red (down). I suppose you could always change the colours in the mq4 file, via the editor, so you don’t have to keep changing it whenever you attach the indicator to a chart.

I also retrieved another MTF NonLag MA used for that system, which puts 4 time frames in one window, but you cannot adjust the time frames, just the period. This indicator is not needed for TrendPipper, but I include it here for anyone who wants to play around with it. The filename is MTF_NonLagMAv7.1_4TF_Bar.mq4.

IMPORTANT: you need the standard NonLagMA_v7.1.mq4 indicator (and .ex4 file too) in your indicator folder in order for either of these two SW indicators to work. You don’t need to attach it your chart, but you definitely must have it in your indicators folder (and do not change the name), as the other two indicators are dependent on it being there. If you don’t have it in the folder, the SW indicators will cause your MetaTrader to hang when you attach them to your chart.

 

1. Import all the attached indicators to your MT4 experts/indicators folder.

 

1. Attach the MTF_NonLagMA_v7.1 SW indicator to your chart, and put in the TrendPipper settings (i.e.: Length = 15, etc). Make sure to leave TimeFrame at 0, as that is the current time frame of your chart, but you can play around with other time frames (though that is not needed for Julie’s system). You will need one window for 15, another for 30, and a third for 50.

Enjoy!

Spot007

Hi fisherman,

thank you for your interest and the indis and template, unfortunately not going to have time at the moment to try and understand those indis as I am getting ready for my trip. But if you would like to post charts with entry and exits and show how your indis improve on my system, please do so.

Thanks,
J

Hi all,

Have edited Post 1, and added Rules/Indicator settings and current indicators and template files to that post.

I didn't realise editing of later posts becomes unavailable.

Will keep post 1 up to date as possible.

Thanks again everyone for your input and suggestions.

Please post your trades.

Thanks
J

hi julie,

i have a couple of custom indicators that should help your system.

Thank you Spot for those, will give it a whirl. What's the difference btw, any improvement on the ones we have? I really don't want the yellow in my inidi so I probably won't use it, but will look at the mtf version.

Cheers,
J

Thanks Pipdude, they could be useful for some. Need to put the EMA to 20 for both, then it changes the candle colour as the price crosses and closes over the EMA. We don't want 20 and 21 as is in the default as this is a MA crossover and not part of my system.

I tried them out, but I like to see my real candles as i am a Steve Nison convert and can't help look at candle patterns now.

But thanks for those, some people might find it very useful and I like that is it colour coded

Cheers,
J

julie,

settings for that indicator are 1 20 1 1 0 0 0 0

Some people were asking Gleneagles if he had one that showed the yellow.

I was hesitant to try his version, as I like having the yellow too. It shows that the indicator is about to turn around. The SW indicator that I attached gives the same signals as your original Separate Window indicator.

I suppose it's a matter of preference!

I included the MTF version for anyone who wants to play around with it. I haven't done anything with it yet...

julie,

this indicator projects ATR, used for TP, change black color to another color, so as to see line on chart.

michael

Hi Fishman,

Your "Market Profile" indi and template crashed my MetaTrader. Is there another file that needs to be in the indis folder?

Also... how does one read that indicator?

Thx - Spot

Hi all,

Anyone trading this system today?

I only traded GU, system seems to be holding up, IF stick to the rules. And that's the issue I need to deal with still.

I am not disciplined with my trading, but if I keep proving to myself the system works by hi-lighting the trades each day I will eventually get it through my thick head.

Please don't pick on me for the news trade (lol), I forgot to check as I had visitors, was expecting the 4.25/4.30 candle to be an entry candle, my mouse was poised on MYFX TradeManager, to enter at close and I just saw a flash of red and my finger just clicked on the trade the second the smaller candle closed, which also happened to be news release time, the exact second I clicked lol.

There was a big pause and my entry turned up half way down the chart but my 10 pips sl held and it went on to add 30 pips in my account (26 pips if trade taken at close of candle as per system).

This is a small micro account with some left over funds in I am using at the moment. So it should give real action not just demo trading.

Not sure I would have actually taken it, had I waited for close, the candle being so large and it closed on today's open so not great entry point, but the system did prove it to be correct to enter at the close and as I was actually in the trade I included it.

I am going to do these charts daily, if only to prove to myself sticking to the rules makes pips. Whether you actually take the trade the system suggests or not is entirely up to your sense of trading at the time.

I did not take a couple of entries, as they were too close to a pivot point.

Am finding I am late to the party sometimes and my entries are on top of a largish candle, this is not ideal so one trade I put in a pending order at my preferred entry point to get a better fill and that worked well too.

The system made 80 pips (and I just closed another trade on GU for 10 pips), but not counting that if you take off 2 pips per trade for spread (mine is sometimes more and sometimes less) and 2 pips for exits being 2 pips away from pivot that's 20 pips off for the 5 trades, so feasible to have made 60 pips today.

Tomorrow my goal is:
1. Trade this system, only this system, and stick to the rules.
2. Close trades with 2 NLMA wrong colour preferably before sl hit.
3. TP at Pivot points.
4. Make 30 pips profit.


Anyone want to compete with me to see how many pips they get on GU trading this system to the rules?

Might help me be disciplined and I always love a competition.
J