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5 Min TrendPipper - with Hull, Ema and Pivots

  • #101
  • Apr 6, 2011 1:11pm Apr 6, 2011 1:11pm
Quoting julie1585
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.

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
I'll compete with you tomorrow! I'm half way 'round the world from you, though, so you'll have a head start. I could use a dose of discipline myself, btw...

I traded GY this morning (New York time zone): executed a Long at 10:00, EST. Did not wait for a true pullback, and also waited for a better feeling that price was breaking out of consolidation.

I exited around 10:52 EST, just below the Open pivot point (which was 139.50), and netted about 52 pips, with spread factored in.

Entry: 138.903
Exit: 139.422

I missed the move on GU, and did not take any more trades since.

I may trade tonight (early Asian session, if markets are active and setups look favourable). There's Employment Change and Unemployment Rate coming out in Oz, so there may be some movement for a while.

Spot
Attached Image (click to enlarge)
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  • #102
  • Apr 6, 2011 1:25pm Apr 6, 2011 1:25pm
Quoting spot007
I'll compete with you tomorrow! I'm half way 'round the world from you, though, so you'll have a head start. I could use a dose of discipline myself, btw...

I traded GY this morning (New York time zone): executed a Long at 10:00, EST. Did not wait for a true pullback, and also waited for a better feeling that price was breaking out of consolidation.

I exited around 10:52 EST, just below the Open pivot point (which was 139.50), and netted about 52 pips, with spread factored in.

Entry: 138.903
Exit: 139.422

I missed the move on GU, and did not...
Hi Spot,

Excellent, glad you are able to make use of the system.

So we're on for tomorrow. I just need to trust my system, every day it proves to me it works, yet I don't stick to the rules.

Tomorrow morning I may go thru a few weeks and see when is the most opportune time to start trading the system to try define a GMT start time. Will look at volume and candle size and of course profitable/non profitable trades. Oh after I do my tax, I must do that first.

J
  • #103
  • Apr 6, 2011 1:32pm Apr 6, 2011 1:32pm
I'm in on your forex day parade !! Just one question, when i was trading the system today i noticed when price comes comes down to the 20 ema one of NON LAG's turn red most of the time . This made me gun shy a couple times today. But as soon price took of from that area it was a good trade and turned back green. Is their anyway to tweek these NON LAG's ?
  • #104
  • Apr 6, 2011 1:50pm Apr 6, 2011 1:50pm
Quoting julie1585
Hi Spot,

Excellent, glad you are able to make use of the system.

So we're on for tomorrow. I just need to trust my system, every day it proves to me it works, yet I don't stick to the rules.

Tomorrow morning I may go thru a few weeks and see when is the most opportune time to start trading the system to try define a GMT start time. Will look at volume and candle size and of course profitable/non profitable trades. Oh after I do my tax, I must do that first.

J
Hi Julie,

After the lags turn red or green, what if the price never re-traces to 20ema? We don't have a trade then?

Thanks
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #105
  • Apr 6, 2011 2:00pm Apr 6, 2011 2:00pm
Used a fixed TP of 15 pips .

6/6 90 pips

Pity I only trade 3 days a week otherwise I would have taken up the challenge!
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" Never let the past hold the future to ransom "
  • #106
  • Apr 6, 2011 2:03pm Apr 6, 2011 2:03pm
Quoting geo123
Is their anyway to tweek these NON LAG's ?
Geo,

Have you tried playing around with the settings to see if they can be tweaked?

You could probably try playing around with the "Price" setting, which is usually the type (i.e.: smooth, simple, weighted, etc). I'm not sure what the "filter" setting does, but it is something that you could try.

I also posted a multi time frame version of the NonLag yesterday, which is the one that I use. Although I'm just using the standard settings as provided by Julie, you could download and install that indicator and play around with different time frame settings to see if that helps...

If you figure something out, please share!

Spot
  • #107
  • Apr 6, 2011 2:32pm Apr 6, 2011 2:32pm
Quoting geo123
I'm in on your forex day parade !! Just one question, when i was trading the system today i noticed when price comes comes down to the 20 ema one of NON LAG's turn red most of the time . This made me gun shy a couple times today. But as soon price took of from that area it was a good trade and turned back green. Is their anyway to tweek these NON LAG's ?

Next time you see it can you post the chart so I can see what you mean. I think I understand.

I think you mean the 15 NLMA, top one on my chart, yes it often goes the opposite colour you want during the pullback (because it is the most sensitive) but if you don't wait for this to change it can mean the pullback is actually a reversal and it keeps you out of the trade.

As for tweaking, I was playing around with filter to get rid of the 1 block entries in the middle of trends but ended up putting it back to default 0.

I also tried changing the NLMA numbers, 10 instead of 15, 20 instead of 30 etc but again went back to the ones I have been using. But this is all on GBPUSD, I am mainly just studying that and want to get the settings right and be happy with them before adjusting for a different currency.

I also tried adding another EMA but actually the system works just fine as it is for GBPUSD, sure it misses some trends but it does catch a lot of pips each day and not many losing trades.

The area I am disappointed in is when I originally started this template/system I had it set so it was catching long trends, i have some charts saved somewhere and they had 50-80 pips trades on them. So whether I had different settings or indicators or perhaps I wasn't always intending to exit at first pivot point, not sure. I should have made notes as I was going along but I didn't, it just sort of evolved.

I will try to find the charts tomorrow and see if I can see the indicator settings on them.

Oh geez, its 3.30 am g'nite

J
  • #108
  • Apr 6, 2011 2:55pm Apr 6, 2011 2:55pm
Quoting TradeStar
Hi Julie,

After the lags turn red or green, what if the price never re-traces to 20ema? We don't have a trade then?

Thanks
TradeStar
This was a problem we had the other day on EURUSD, see post 76

http://www.forexfactory.com/showpost...0&postcount=76

Gleneagles suggested adding a smaller NLMA set to 4 or 5 to catch small pullback, or could enter on green candle after the reds, or add a 10 ema, but I haven't been looking at Euro much, and haven't decided yet if we need it. If it happens a lot then we should look at adding something in permanently.

But sometimes the move is just a sudden strong move and I don't see how we can catch those, if there is no retrace.
  • #109
  • Apr 6, 2011 3:05pm Apr 6, 2011 3:05pm
Thanks now go to bed! lol

Have been perusing your thoughts for a few days now. Like what I'm seeing. Will set up my charts soon so I can start monitoring. Will promise you many stupid questions, however I will try to only ask them once. (unless my a.d.h.d. kicks in ). Thanks for your time.
Darryl
  • #110
  • Apr 6, 2011 3:14pm Apr 6, 2011 3:14pm
Quoting julie1585
Exponential Moving average - 20 set to close on chart.

3 -NonLagMA (Hull MA) separate, set to 15, 30 and 50

Hull settings may need to be adjusted for currency and after forward testing.

Daily pivots, and Open, Yesterdays High and Close

I use both the ##SDXPivtos cos it has yesterdays high, today's open etc, and the Autopivot is handy cos it shows previous days pivot lines but unfortunately not highs or lows.

Market Open Times (adjust to your time zone) i use http://forex.timezoneconverter.com/ to check. Default settings are...
Hi Julie,

I'm with IG Markets using IT-Finance platform (not MT4). They don't have Non Lag MA or Hull MA indicators. I found one from ProRealTime website but it can only do the Sq-Root numbers (such as 4, 16, 36) MA. Is that the same with yours?

TA!
E.T
  • #111
  • Apr 6, 2011 3:33pm Apr 6, 2011 3:33pm
Here is an example of the non lags messing with my head. Is it ok take this trade that far off the 20 EMA ? thanks for any input.
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  • #112
  • Apr 6, 2011 4:06pm Apr 6, 2011 4:06pm
Added a flat trend indicator.
Attached File(s)
File Type: mq4 Flat_Trend.mq4   3 KB | 449 downloads
  • #113
  • Apr 6, 2011 6:17pm Apr 6, 2011 6:17pm
Quoting spot007
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
I am sory if your platform crashed, I also had so crash problems with some of the other market profile indis, and I believe there was some updates, but not for this indi. I will post it again downloaded right from the source. As not to clutter this thread , you can find out more at "Auction Market Theory and Market Profile thread", POC POINT OF CONTROL

fishman356


Attached File(s)
File Type: mq4 ay-MarketProfileDWM.v1.31.rev1.mq4   36 KB | 393 downloads
  • #114
  • Apr 6, 2011 7:22pm Apr 6, 2011 7:22pm
eurusd short 1.4326

gbpusd short 1.6325
  • #115
  • Apr 6, 2011 7:43pm Apr 6, 2011 7:43pm
Euro looking good pd...
.
  • #116
  • Apr 6, 2011 9:35pm Apr 6, 2011 9:35pm
Hello everyone, i just started reading about this strategy yesterday and i put it to test today.

I have added Bollenger Band and 200ema.

My goal is to be consistent and make 10/15 pips a day.

My first trade was successful.

I waited for the pull back at the 20ema after the breakout of lower Bollenger Band. I also draw a blue trend line of previous support turned resistance.

I took my profit at 200 ema.

STOP - 1.4328
Enter - 1.4322
Exit - 1.4312

10 pip profit.
Attached Image (click to enlarge)
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  • #117
  • Apr 6, 2011 9:41pm Apr 6, 2011 9:41pm
Quoting E.t
Hi Julie,

I'm with IG Markets using IT-Finance platform (not MT4). They don't have Non Lag MA or Hull MA indicators. I found one from ProRealTime website but it can only do the Sq-Root numbers (such as 4, 16, 36) MA. Is that the same with yours?

TA!
E.T
Hi ET,

No one seems to know what the Math is behind the Non Lag, it has been pointed out it is different from Hull but I started to test this theory and found the Hull coloured wave moves drastically around depending on which setting you use even for the one constant of 50.

More on this later.

For now all I can suggest is open a demo MT4, set up template and watch for trades, then enter on your platform. I believe many people trade this way if their platform is non Mt4. I have done it myself when I was with FXCM.

J

PS I replied to your pm before I saw the thread so ignore me asking you to post to thread
  • #118
  • Apr 6, 2011 10:21pm Apr 6, 2011 10:21pm
Thanks!
[quote=julie1585;4527345]Hi ET,

No one seems to know what the Math is behind the Non Lag, it has been
  • #119
  • Apr 6, 2011 10:49pm Apr 6, 2011 10:49pm
Quoting geo123
Here is an example of the non lags messing with my head. Is it ok take this trade that far off the 20 EMA ? thanks for any input.

Ok took me a while to see your point, cos to me it looks like a classic example of a perfect trade.

Moving away from EMA after the ENTRY candle is a good thing, it means trend is strong and holding. Entry was after a perfect pullback to 30 EMA.

more aggressive entry on the first red after pullback but I find some of these are not reliable, most reliable is when all NonLags are red, you give up a few pips, but in return less losing trades and stops rarely encountered.

Does that answer your question? The only issue I have with moving away from EMA is the SIGNAL candle, it is often far away and this is why we wait for pullback, after that we hope it moves away as long as we are in the trade.

Sometimes it doesn't pullback and we get left out. That is something I will look at when I have more time.

The main reason I wait for pullback and not enter on signal is to keep SL small. Notice if you enter on signal you need a larger stop loss and often have to sit and worry thru the trade being negative, is it going to turnaround or not?

If we wait it doesn't necessarily get us a better entry price but it does mean it usually doesn't turn around on us more than a couple of pips. And you don't have to make decisions, stay in or get out only to find it does turn around right after your stop gets hit. (oh dear brings back bad memories!!)


The SIGNAL tells me which direction

SHORTS: EMA = resistance and the PIVOTS = support.

LONGS: EMA = support and PIVOTS = resistance.

Use the EMA angle for confirmation and stay out of trades where price moves above and below EMA and EMA is flat.

Notice after London closed, the flat EMA, smaller candles, lower volume . In a word Yukky!

Gee wasn't I s'posed to be doing my tax this morning lol. Anything to get out of that.

J
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  • #120
  • Edited 11:57pm Apr 6, 2011 11:41pm | Edited 11:57pm
Quoting 50Cents
Hello everyone, i just started reading about this strategy yesterday and i put it to test today.

I have added Bollenger Band and 200ema.

My goal is to be consistent and make 10/15 pips a day.

My first trade was successful.

I waited for the pull back at the 20ema after the breakout of lower Bollenger Band. I also draw a blue trend line of previous support turned resistance.

I took my profit at 200 ema.

STOP - 1.4328
Enter - 1.4322
Exit - 1.4312

10 pip profit.
Hi 50 cents.

Nicely traded as it fell away from the MR1. Trade entries that coincide with these pivot points can work out really well.

Can I just point out for people learning my system it is not exactly to my rules as it didn't cross the EMA.

Sometimes price hits a resistance and drops away but then continues back to EMA, see chart example here the other day on EURO. Similar entry to yours today but it retraced 13 pips after rejecting a mid pivot.

After pullback to ema entry price is slightly better and earlier entry probably would have been stopped out if using 10-15 pips depending on spread and fill.

Sometimes at the pullback to EMA it just keeps on going, so my system is for price to cross it and close back under the EMA for confirmation.

Thank you for posting your trade. Please continue to post as we can all learn from each other.

J
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