5 Min TrendPipper - with Hull, Ema and Pivots | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Standard Pivots and Fibonnaci Pivots? 9 replies

Hull MA: Indicator was working - just stopped! (Hull 2 color) 6 replies

An experiment with cci pivots & 200 ema 11 replies

EMA's and MA's confiming small time correctoin ema's crossing 1 reply

:: Smithy's Live Trades :: (EMA's / Pivots / News Traps) 10 replies

Attachments: 5 Min TrendPipper - with Hull, Ema and Pivots
Exit Attachments

5 Min TrendPipper - with Hull, Ema and Pivots

  • #261
  • Edited 11:14am Apr 14, 2011 10:59am | Edited 11:14am
Quoting vyrexus
Hi pipdude,
Appreciate if you can share your template. I am using julie template.
I want to compare because on my chart there is indeed a sell signal for eu, but the price didn't retrace to ma(20), so no entry for me.

edited: sorry notice on your earlier post you are using ma(13), but still appreciate if you can share yours.

thanks
the template of my latest post is ma candles set at 20 ema cross, a THV3 T3 ma set at 8, 0.4, i will also use 13, 21, or 34 ema bands, set at high, low, close, ATR projection indi, and latest version of nonlag ma indi.

i don't wait for pullback to 20 ema for entry, i enter after the close of signal candle. i rely on choosing a signal that will likely breakout. price action and time of day. my familliarity with how eu moves, and noticing patterns in movement, also eu is less volatile and consistent in it's price movements, but i don't recommend this kind of entry.
  • #262
  • Apr 14, 2011 11:28am Apr 14, 2011 11:28am
Hi there Julie/Gleneagles,

Thank you for this system and the indicator.

I took some trades today and like the system very much. Please do let me know if I have not followed the system in any way. Thank you.

On the EURUSD my efforts resulted in the following results:

Positive - 5

Negative - 1
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 11.04.14.gif Size: 21 KB
  • #263
  • Apr 14, 2011 11:33am Apr 14, 2011 11:33am
On the EURJPY the results were as follows:

Positive - 6

Negative - 0
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 11.04.14.gif Size: 20 KB
  • #264
  • Apr 14, 2011 11:50am Apr 14, 2011 11:50am
Quoting Trader7
Hi there Julie/Gleneagles,

Thank you for this system and the indicator.

I took some trades today and like the system very much. Please do let me know if I have not followed the system in any way. Thank you.

On the EURUSD my efforts resulted in the following results:

Positive - 5

Negative - 1
You have lots of experience by now trading MTF ...should not be a problem for you
" Never let the past hold the future to ransom "
  • #265
  • Apr 14, 2011 3:25pm Apr 14, 2011 3:25pm
Quoting julie1585
Hi figaro can you post a chart please where you think it is 50/50 because that has not been my experience. I have posted quite a few charts where i mark all the signals and entries and usually it only has either 1 or 2 losing trades and often none. This is on the GBPUSD, can you tell us which currency and session time you talking about as this also affects the outcome.

Sometimes people have thought there was a trade when in actual fact they are going against my rules so please post a chart when making an observation for us all to see and discuss....
Hi Julie,

Annoyed at not having the same results as you, while I started again and I realized that I did not have the same input signals that other Mystery Mystery! ...
After two hours of searching, I found it! In fact, I do not know if it's a bug in my PC or Metatrader but I can not put together my system Renko and your system on the same platform if it's a catastrophe!

So I installed your system on another PC and there .... Miracle! it works!

That said, it's good to know! Attention to the coexistence of EA Renko with another system .... But I repeat: the problem may be only my own PC.

Julie, pardon for having doubted your method and Thanks again for your work.

friendly

Figaro
  • #266
  • Apr 14, 2011 7:26pm Apr 14, 2011 7:26pm
Quoting pipdude
eurusd short 1.4491 closed +100, long 1.4397

I envy you and keep up the good work.

I was thinking, can you explain more about your profit taking or you mainly rely on your experience on eu movement? Im looking to improve my target, though i have a daily goal but there is always room for improvement.

A chart of gu i entered not long(16pips) posted below.
Attached Image (click to enlarge)
Click to Enlarge Name: my chart.gif Size: 52 KB
keep it movin'
  • #267
  • Edited 10:17pm Apr 14, 2011 9:00pm | Edited 10:17pm
Quoting kola8701
I envy you and keep up the good work.

I was thinking, can you explain more about your profit taking or you mainly rely on your experience on eu movement? Im looking to improve my target, though i have a daily goal but there is always room for improvement.

A chart of gu i entered not long(16pips) posted below.
kola,

here's an example of seeing familiar price movement. notice lines of S/R on chart, and how price made a strong move up to test high, but failed to break and con't higher, price will often, then break lower even more strongly past support, this is a familiar pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader 5.png Size: 98 KB
  • #268
  • Apr 14, 2011 10:38pm Apr 14, 2011 10:38pm
Quoting kola8701
I envy you and keep up the good work.

I was thinking, can you explain more about your profit taking or you mainly rely on your experience on eu movement? Im looking to improve my target, though i have a daily goal but there is always room for improvement.

A chart of gu i entered not long(16pips) posted below.
notice pattern at asian open, similar movement. eu long stopped out +0, now short
Attached Image (click to enlarge)
Click to Enlarge Name: abo.gif Size: 26 KB
  • #269
  • Apr 15, 2011 7:07am Apr 15, 2011 7:07am
Quoting Gleneagles
You have lots of experience by now trading MTF ...should not be a problem for you

Hi there Gleneagles,

Thank you very much for your encouragement.

I am an ardent follower of your approach to trading and do examine the trades as shown in your charts that you post each week in the other thread.

I really like your "Little bites lead to a big banquet" approach to accumulating pips. And oh my what a banquet!!!

May the PIPS be with you.
  • #270
  • Apr 15, 2011 4:43pm Apr 15, 2011 4:43pm
Quoting kola8701
I envy you and keep up the good work.

I was thinking, can you explain more about your profit taking or you mainly rely on your experience on eu movement? Im looking to improve my target, though i have a daily goal but there is always room for improvement.

A chart of gu i entered not long(16pips) posted below.
kola,

my daily target is the ATR projection lines, 3 to 4x a week price will hit them, 1 day a week will surpass them, 1 to 2x a week won't get hit.
today hit for +100 pips on eu short.
Attached Image (click to enlarge)
Click to Enlarge Name: abo.gif Size: 21 KB
  • #271
  • Apr 16, 2011 1:58am Apr 16, 2011 1:58am
Quoting pipdude
kola,

my daily target is the ATR projection lines, 3 to 4x a week price will hit them, 1 day a week will surpass them, 1 to 2x a week won't get hit.
today hit for +100 pips on eu short.
Hey thanks for the info, can you please post your atr projection lines indicator?

Thanks alot in advance.
keep it movin'
  • #272
  • Apr 16, 2011 7:03pm Apr 16, 2011 7:03pm
hi kola,
pipdude have share the indicator in his previous post
http://www.forexfactory.com/showpost...7&postcount=98

but i am not quite sure on how to use it.

pipdude,
if possible i would like you to explain more on how to use it.if the market movement has reach it daily atr, would you be looking for a reverse position?
example, when a pair blows its north ATR, would you be looking to a sell position or you will stop trading for that day.
thanks in advance
  • #273
  • Apr 17, 2011 4:37am Apr 17, 2011 4:37am
Quoting vyrexus
hi kola,
pipdude have share the indicator in his previous post
http://www.forexfactory.com/showpost...7&postcount=98

but i am not quite sure on how to use it.

pipdude,
if possible i would like you to explain more on how to use it.if the market movement has reach it daily atr, would you be looking for a reverse position?
example, when a pair blows its north ATR, would you be looking to a sell position or you will stop trading for that day.
thanks in advance
Thanks vyrexus, I appreciate that.
keep it movin'
  • #274
  • Apr 17, 2011 5:26am Apr 17, 2011 5:26am
hi julie & guys,
on friday i have enter a sell position on eu, it hit my sl, but after that the price move to my direction. needs your guys wise opinion on which part do i do wrong/ should improve
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 34 KB

as you can see I open the trade according to:
a)NonLags all having a same colour(Signal)
b)price retrace to ema(20) and close below in ema line(colour is red)
c)During my opening, the NonLags again having a same colour(red)
d)the price is not too near to pivot level
e)the adx(14) is above 20(means the trend got enough strength support,correct me if i am wrong)

i exit the position because
a)set sl approximately between 10-13pips
b)2 of the 3 NonLag's are wrong color(in these case green)
c)previous candle close above ema(20) in green colour

appreciate your guys opinion
thanks in advance
  • #275
  • Apr 17, 2011 7:59am Apr 17, 2011 7:59am
Quoting vyrexus
hi julie & guys,
on friday i have enter a sell position on eu, it hit my sl, but after that the price move to my direction. needs your guys wise opinion on which part do i do wrong/ should improve
Attachment
as you can see I open the trade according to:
a)NonLags all having a same colour(Signal)
b)price retrace to ema(20) and close below in ema line(colour is red)
c)During my opening, the NonLags again having a same colour(red)
d)the price is not too near to pivot level
e)the adx(14) is above 20(means the trend got enough strength...
Hello Vyrexus

I am new to this system but any system like this will also require you to have a good understanding for "price action".

You may want to visit this thread
http://www.forexfactory.com/showthread.php?t=232466 and pay attention to posts by Paulus

In the chart you posted price never broke the "number 2" point.
(see thread about trading 123)

I would have never taken a trade short until the low, about 6 bars previous had been taken out.

You were right about price going to drop, you just go in too soon.

I have been backtesting this method with the attached indicator.
You can set MA1 to 20 ema, and MA 2 to a larger number (I use 55).

I find that this keeps me in on the right side of the trend, and out when things are changing.

OK...Question for you.
I see that you have a red line drawn when all the blocks lined up, is that an indicator or did you draw that line?
(if it is an indicator, can you let me know where it is?)

Thx!!

PGPB

PS. If my introducing the 123 pattern is not in line with this system please let me know.
Attached File(s)
File Type: mq4 MA ribbon filled.mq4   2 KB | 397 downloads
File Type: ex4 MA ribbon filled.ex4   3 KB | 302 downloads
  • #276
  • Apr 17, 2011 9:12am Apr 17, 2011 9:12am
Quoting pgpb
Hello Vyrexus

I am new to this system but any system like this will also require you to have a good understanding for "price action".

You may want to visit this thread
http://www.forexfactory.com/showthread.php?t=232466 and pay attention to posts by Paulus

In the chart you posted price never broke the "number 2" point.
(see thread about trading 123)

I would have never taken a trade short until the low, about 6 bars previous had been taken out.

You were right about price going to drop, you just go in too soon.

I have been...
Thanks PGPB,
Really appreciate your feedback.i would pay attention to the thread you referred, hope can learn from time to time.
i didn't wait for the price to break the previous low because i am afraid the trigger is too close with the nearby pivot point.and according to trend pipper's rule is not a good entry when trigger occurred near a pivot point.
also what convince me is the triggered candle(with arrow) is respecting my trend line which i draw earlier(yellow colour).
see pic
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 30 KB

Regarding your question, the vertical red line is drawed by myself manually.
lets just hope there is indicator for it in future.

I also have question regarding the indicator.what are the setting you used for ma1/2's price and method. Is it 0 respectively?because i check method 1 is sync with julie's ma(20). correct me if i am wrong.
thanks again.
  • #277
  • Apr 17, 2011 9:15am Apr 17, 2011 9:15am
Quoting vyrexus
hi julie & guys,
on friday i have enter a sell position on eu, it hit my sl, but after that the price move to my direction. needs your guys wise opinion on which part do i do wrong/ should improve
Attachment
as you can see I open the trade according to:
a)NonLags all having a same colour(Signal)
b)price retrace to ema(20) and close below in ema line(colour is red)
c)During my opening, the NonLags again having a same colour(red)
d)the price is not too near to pivot level
e)the adx(14) is above 20(means the trend got enough strength...
Hi Vyrexus,

According to your chart entry looked fine and to the rules, but when I checked my chart I noticed you entered right on the daily open price (not marked on your chart) and it bounced around there before finally breaking through.

Please note in my rules pivots are all pivots, incl mid pivots, yesterdays high, yesterdays low and todays open prices as these are all magnets and price either bounces, breaks through or hangs around while it decides what to do.

Personally I still use 15 pips for GBPUSD but can use 10 pips for EURUSD. Pound moves slightly more eratically.

The next entries made up for the loss as the trend took hold. So you were a little unlucky in the entry you took got stopped out, but if you had 15 pips it would not have.

Hope that clarifies things for you.
J
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdfri.gif Size: 23 KB
  • #278
  • Apr 17, 2011 9:46am Apr 17, 2011 9:46am
Quoting vyrexus
Thanks PGPB,
Really appreciate your feedback.i would pay attention to the thread you referred, hope can learn from time to time.
i didn't wait for the price to break the previous low because i am afraid the trigger is too close with the nearby pivot point.and according to trend pipper's rule is not a good entry when trigger occurred near a pivot point.
also what convince me is the triggered candle(with arrow) is respecting my trend line which i draw earlier(yellow colour).
see pic

I also have question regarding the indicator.what are the setting...
hi again,

personally i wouldnt pay too much attention to a very short angled trend line on 5 min chart unless it coincided with one from a higher timeframe.

If you want to check for trend notice the 20 EMA at the time of your entry was flat. Trend had not quite developed yet, and if you add a 60 sma the 20 ema was still above it, a few candles later the 20 ema went below the 60 sma and the trade was good.

I am thinking of bringingin the 60 sma, but do not want to make it into a moving average crossover system as I think crossovers are very unreliable. But you can add an extra filter only look for longs if 20 ema above 60 sma and vice cersa.

J
  • #279
  • Apr 17, 2011 9:52am Apr 17, 2011 9:52am
hi julie,
glad to have you back, how your new place?hope you can settled in quickly.
thanks for your input.i guess i should have stick to the rule which is 15 pip sl.should have taken into consideration the broker spread as well.
but your method is still working fine to me. i didn't pointed out earlier after the loss i have re-enter again on the next retrace. manage to bank in 30 pips.


also curious to know why my pivot line and your line is different. i am using the THV4 TzPivotsD (Black) indi.is it similar to you?
for your info my broker is on gmt 0 and i am living in gmt +8.what is the right setting for me?
thanks again.
  • #280
  • Apr 17, 2011 4:59pm Apr 17, 2011 4:59pm
Quoting kola8701
Hey thanks for the info, can you please post your atr projection lines indicator?

Thanks alot in advance.
already did, check page 2 of attachments, you'll find it there.
2 traders viewing now