Trend Follower 5 Minute System

Thank you, very good things

Why has this thread become so quiet, Its simple and awesome system. Trading doesn't needs to be complicated with these rules and strategy.

Let the price actions do all the talking!

Yeah, this is a simple and easy system...dun know why it is so quiet now...

first of all many thanks to great TheWicker.
I am not professional programmer , I modified other guppy indicator for MT5 and made guppy indicator for trendfollower system for Metatrader 5.

Hi,
how is working this indicator?
What are rules for a buy order?
Can you explain on MT5 indicator please?

Thanks

Funny so using the "system" I noticed around 60% win ratio.

I then got the EA up and running to send me an email in which I LOST 80% of the time when I conducted a trade on my phone...

Anyone still using this system?

I will probably edit the coding as I do not feel the email is sent quick enough, I think there should be an ENTRY email and and EXIT email and no other emails because it can get quite annoying

This system is ideal for 1h and 4h time frame for beginners.5m tf is crazy mental waste of time and many for 99 percentage people on any system.

Your signature seems familliar for me..

Is any one trading this method. I would be interested in views on this please.

Hello,

I stumbled across this system looking to tweak my 5 minute chart strategy. I've downloaded and have been reviewing historical data in relation to the signals and instructions. Seems like it is a good system. I must say, I don't think one can be successful with this or any system if they don't understand basic price action.

Plus one key instruction was to wait for a pull back after a break out to enter (safer way to enter a trade). However, if you understand price action, and resistance levels, I don't see why one couldn't take the break out trades (more pips! more pips!). Just my opinion.

Also, if you shoot for a 1 to 1 win/loss ratio, or a 1 to 2 ratio, but not more than that, this system looks like it might be up in the 80-90 percent win/loss rate.

Anyway, I'd be interested to hear of anyone who'd like to share their experience with this system, if you been using it for a while...

So, my first trade, I gained 20% on my capital. Currently in a trade, up 10 pips. So far so good.

However, I don't think this is a "follow the signals" easy system that doesn't require you to think. Would love it if that were the case, but unfortunately not a perfect world...

There are many things to take into account when entering/exiting a trade. Obviously, the trend direction, which this tool make very clear. But there are also pivot points, never know if it will bounce or blast through. And finally, price action, i.e. candle stick patterns/formations. So, I think if you have a good understanding of these principles, you can be successful with this tool. I'm hoping I fit that category. We'll see...

I think the most benefit I find wit this tool, is it really helps you to see the trend of the market at a glance. So, if you are entering a trade on the 5M chart, be sure to check higher time frames to ensure the trend direction is the same.

I don't really enter or exit trades based on the arrows though, unless the price action agrees or it is bouncing off a pivot point. Seems like the arrows might be right 50% of the time, maybe. But you also have to factor in setting your SL and TP correctly, or it might not even hit the 50% win ratio. One way the arrows might be helpful, is if you enter a trade based on price action, trend, pivot points, and soon thereafter you see an arrow confirming direction, good confirmation. Or, if you see an arrow but nothing else to confirm entry, wait for a pull back, and if everything looks good, enter on the pull back. Having said all of this about the arrows, though, if you actually follow the rules, i.e. MACD above zero, and all the other stuff Wicker recommends, then it might have a really good success rate on the 5M chart, however, you'd be spending most of your time waiting for those signals. I don't think you would get more than 1 per week on any given pair. I'd prefer to use the tool a little less rigidly to pick up more trading opportunites, but that's just me...

Anyway, my thoughts so far on this, is I really like the tool. It enables me to enter trades with much more confidence. Anyone else have any thoughts on how they are using it?

As I was perusing the thread for the Trend Follower I noticed there were so many enhancements to the system that were spread out over the entire thread and hard to find except by going through every post.

You can use the little paper clip symbol next to the subscribe and +reply to Thread at the top of the screen but you still have to search through this list. If you use this list here and then search for the post it may help you to enjoy it more!

I needed a reference to all the enhancements as they progressed to the final version and that is the goal of this list below. Here you will find a complete listing of all the indicators and their post reference to find out more about them and the changes as they progressed. Most of the evolution of the indicators has been completed I noticed by the last one in the list as best as I can tell.

Lastly from reading through the thread I personally feel that you should first learn the basic original system, then add the indicator enhancements as you see fit to help you. Mostly I like the signal alert when conditions are present that could then involve my manual input whether I want to enter the trade or not based on my knowledge of the how the basic system works.

Use a good manual trade management ea to manage your trade once you enter it.

Here is a link to some very good free trading ea and other indicators: http://www.forexfactory.com/showthre...35#post7053135

I share all this in the same spirit that TheWicker shared his system with all of us.

I have also attached the file for downloading. Note that it was written using LibreOfficeWriter part of the Linux Ubuntu operating system that I use but I converted it Windows.doc.

Attachment

THE TRADING SYSTEM (ORIGINAL SYSTEM)
POST 15 TrendFollower.zip 20 KB | 28,881 downloads
POST 16 Laguerre.mq4 3 KB | 3,471 downloads
POST 1,904 SUMS UP ALL THE POSTS RELATED TO ORIGINAL SYSTEM
SECONDARY ENHANCEMENTS AS THEY PROGRESSED
TREND FOLLOWER ALERT
POST 58 # Trend Follower Signal.ex4 15 KB | 4,507 downloads
POST 78 # Trend Follower Signal v1.ex4 22 KB | 2,653 downloads
http://img72.imageshack.us/img72/508...fov2dc4.th.png
POST 435 # Trend Follower Signal.ex4 15 KB | 1,061 download
POST 2,291 Trend Follower Signals.txt 9 KB | 604 downloads
POST 2,292 Multi-Timeframe Rainbow Trend Follower v1.0.mq4 61 KB | 572 downloads
POST 2,293 Multi-Timeframe Rainbow Trend Follower v1.01 Compact.mq4 61 KB | 517
POST 2,300 Multi-Timeframe Rainbow Trend Follower v1.1.mq4 67 KB | 1,087 download
POST 3,682 Multi-Timeframe Rainbow Trend Follower v1.1.mq4 67 KB | 726 downloads
SIGNAL TREND FOLLOWER
POST 116 SignalTrendFollower.mq4 10 KB | 1,780 download
http://www.forexfactory.com/attachme...1&d=1186686947
POST 119 SignalTrendFollower.mq4 10 KB | 2,644 downloads
POST 203 SignalTrendFollower.ex4 12 KB | 2,181 downloads
POST 203 SignalTrendFollower.mq4 11 KB | 2,745 downloads
POST 243 SignalTrendFollower + SnapShot.mq4 11 KB | 1,799 download
POST 428 SignalTrendFollower.mq4 10 KB | 1,003 download
POST 428 SignalTrendFollower with email alert.mq4 11 KB | 864 downloads
POST 606 SignalTrendFollower + SnapShot.mq4 11 KB | 985 downloads
POST 819 SignalTrendFollower3.mq4 14 KB | 966 downloads
POST 827 SignalTrendFollower3b.mq4 21 KB | 1,042 download
POST 880 SignalTrendFollower3c.mq4 23 KB | 811 downloads
POST 883 SignalTrendFollower3d.mq4 25 KB | 1,066 download
POST 902 SignalTrendFollower3e.mq4 25 KB | 1,481 download
POST 1,214 SignalTrendFollower + SnapShot.mq4 11 KB | 933 downloads
POST 1,454 SignalTrendFollower with email alert.ex4 12 KB | 432 downloads
POST 1,454 SignalTrendFollower + SnapShot.mq4 11 KB | 397 downloads
POST 1,474 SignalTrendFollowerEA.mq4 21 KB | 527 downloads
POST 1,489 SignalTrendFollowerEA.mq4 21 KB | 461 downloads
POST 1,489 SignalTrendFollowerEA.ex4 21 KB | 355 downloads
POST 1,493 SignalTrendFollowerEA-V1.0.mq4 21 KB | 506 downloads
POST 1,531 SignalTrendFollowerEA-V1.0.mq4 22 KB | 584 downloads
POST 1,531 SignalTrendFollowerEA-V1.0.ex4 23 KB | 431 downloads
POST 1,609 SignalTrendFollowerEA-V1.0.mq4 22 KB | 496 downloads
POST 1,609 SignalTrendFollowerEA-V1.0.ex4 23 KB | 372 downloads
POST 1,653 SignalTrendFollowerEA-V1.0.mq4 22 KB | 435 downloads
POST 1,655 SignalTrendFollowerEA-V1.0.mq4 22 KB | 437 downloads
POST 1,663 SignalTrendFollowerEA-V1.0.mq4 23 KB | 420 downloads
POST 1,676 SignalTrendFollowerEA-V1.1.mq4 23 KB | 521 downloads
POST 1,681 SignalTrendFollowerEA-V1.1.mq4 24 KB | 632 downloads
POST 1,724 SignalTrendFollowerEA-V1.2.mq4 25 KB | 1,000 download
POST 1,756 TrendSystemSky_1_0.mq4 26 KB | 960 downloads
POST 1,798 SignalTrendFollowerEA.mq4 21 KB | 908 downloads
POST 1,798 SignalTrendFollower with email alert.ex4 12 KB | 820 downloads
POST 1,857 TrendSystemSky_1_0.mq4 28 KB | 1,079 download
POST 1,911 SignalTrendFollower3.ex4 13 KB | 683 downloads
POST 1,911 SignalTrendFollower3.mq4 11 KB | 897 downloads
POST 1,999 TrendFollowerRainbowMethodV2.mq4 11 KB | 610 downloads
POST 2,002 TrendFollowerRainbowMethodV21.mq4 11 KB | 844 downloads
POST 2,057 SignalTrendFollower + SnapShot.ex4 14 KB | 462 downloads
POST 2,178 SignalTrendFollower + SnapShot.mq4 11 KB | 451 downloads
POST 2,211 SignalTrendFollower + SnapShot.mq4 11 KB | 571 downloads
POST 2,336 SignalTrendFollower + SnapShot.ex4 14 KB | 480 downloads
POST 2,338 SignalTrendFollower + SnapShot.mq4 11 KB | 649 downloads
POST 2,581 SignalTrendFollowerEA-V1.2.mq4 25 KB | 886 downloads
POST 2,647 SignalTrendFollower + SnapShot.mq4 11 KB | 790 downloads
POST 2,938 SignalTrendFollower + SnapShot.mq4 11 KB | 1,025 download
POST 3,373 TrendFollower6.mq4 15 KB | 724 downloads
HIDE RAINBOW
POST 379 HideRainbow.zip 37 KB | 763 downloads
POST 409 HideRainbow.zip 37 KB | 739 downloads
TRADE MANAGER
POST 381 MTP1.3.mq4 8 KB | 1,325 download
POST 381 MTP Advisor4FF.doc 115 KB | 1,717 download
TRADERS DYNAMIC INDEX/EASY TREND
POST 434 Traders_Dynamic_Index.ex4 5 KB | 1,583 download
POST 434 easy_trend 5.tpl 24 KB | 1,739 download
POST 467 Easy Trend 5 new color template.tpl 25 KB | 1,564 download
POST 500 Traders_Dynamic_Index.mq4 9 KB | 1,132 download
POST 1,414 Traders_Dynamic_Index.mq4 9 KB | 702 downloads
PIVOT POINTS
POST 465 Pivot Points Multitimeframe.mq4 45 KB | 885 downloads
POST 928 MultiplePivotsV2.mq4 26 KB | 480 downloads
POST 1,291 Fibonacci Pivots.mq4 5 KB | 758 downloads
POST 1,291 Fibonacci Pivots.ex4 6 KB | 524 downloads
POST 1,545 Fibonacci Pivots.mq4 5 KB | 405 downloads
POST 2,781 SDX-TzPivots_v4.mq4 41 KB | 389 downloads
TREND FOLLOWER TEMPLATE
POST 618 Trend Follower - 5min Template.tpl 23 KB | 732 downloads
POST 1,168 Trend Follower - 5min Basic.tpl 24 KB | 972 downloads
POST 2,250 Trend_Follower.zip 23 KB | 713 downloads
POST 2,465 TrendFollower.zip 20 KB | 1,009 download
MACD DIVERGENCE INDICATORS
POST 749 FX5_MACD_Divergence_V1.1.ex4 11 KB | 826 downloads
POST 1,902 MTF_MACD_inColor.mq4 5 KB | 596 downloads
MARKET HOURS/SESSIONINDICATOR
POST 870 Market Hours.mq4 2 KB | 813 downloads
POST 1,597 Market Hours.mq4 2 KB | 527 downloads
POST1,597 Sessions Indicator.mq4 8 KB | 612 downloads
DAY IMPULSE INDICATOR TO FILTER TRADES
POST 1,072 DayImpulse2DD.mq4 4 KB | 868 downloads
POST 1,072 DayImpulseOverlay.mq4 3 KB | 826 downloads
RED ALERT TREND FOLLOWER INDICATORS
POST 1,231 RedAlertTrendFollower.mq4 10 KB | 1,025 download
POST 2,326 RedAlertTrendFollower.ex4 2 KB | 796 downloads
SIGNAL WATCHER
POST 1,243 SignalWatcher.zip 5 KB | 646 downloads
RAINBOW EA AND LAQUEREE
POST 1,283 rainbowEA.mq4 11 KB | 934 downloads
POST 1,283 lagueree.mq4 7 KB | 656 downloads
POST 1,344 Laguerre.mq4 3 KB | 299 downloads
POST 1,542 Laguerre.mq4 3 KB | 361 downloads
POST 1,836 Laguerre Alert.ex4 5 KB | 720 downloads
ONE HOUR CHART INDICATORS AND MISCELLANEOUS
POST 1,340 information.mq4 40 KB | 704 downloads
POST 1,340 News Alert Lag.mq4 2 KB | 679 downloads
POST 1,366 SignalBars v7 explained.pdf 192 KB | 5,992 downloads
POST 1,366 #Signal_Bars_v7.zip 74 KB | 850 downloads
POST 1,486 #Signal_Bars_v71.ex4 46 KB | 465 downloads
POST 1,581 #Signal_Bars_v7 Comment.zip 74 KB | 609 downloads
POST 1,883 FFCal.mq4 46 KB | 672 downloads
POST 2,244 Trend_Determination.pdf 560 KB | 1,695 download
POST 2,573 GMMA.ex4 5 KB | 525 downloads
POST 2,781 Trade Simulator.zip 491 KB | 714 downloads
POST 2,807 corelation.mq4 3 KB | 443 downloads
POST 2,807 corelation.ex4 3 KB | 253 downloads
POST 2,932 alaa.zip 541 KB | 570 downloads
POST 2,951 FFCal.mq4 47 KB | 416 downloads
POST 3,151 alaa.zip 541 KB | 981 downloads
POST 3,157 DoublecciWoody.mq4 6 KB | 354 downloads
POST 3,179 MTF Wave Convergence - Point Draw.ex4 31 KB | 801 downloads
POST 3,182 MTF Wave Convergence Example.pdf 68 KB | 1,041 download
POST 3,412 Laguerre+daily_pivots.zip 2 KB | 343 downloads
POST 3,516 Trend Follower Wicker v1.0.0.mq4 52 KB | 290 downloads
POST 3,516 EAHelper v1.0.6.mqh 50 KB | 196 downloads
POST 3,516 EMA Crossover Signal.mq4 4 KB | 177 downloads
POST 3,516 Laguerre.mq4 3 KB | 155 downloads
POST 3,516 Slope Direction Line.mq4 4 KB | 167 downloads
POST 3,546 Trend Follower Wicker v1.0.1.mq4 52 KB | 407 downloads
POST 3,546 EAHelper v1.0.8.mqh 51 KB | 289 downloads
POST 3,546 EMA Crossover Signal.mq4 4 KB | 240 downloads
POST 3,546 Laguerre.mq4 3 KB | 236 downloads
POST 3,546 Slope Direction Line.mq4 4 KB | 245 downloads
POST 3,597 Trend Follower Wicker v1.1.0.mq4 61 KB | 1,288 download
POST 3,597 EAHelper v1.0.9.mqh 58 KB | 985 downloads
POST 3,597 EMA Crossover Signal.mq4 4 KB | 836 downloads
POST 3,597 Laguerre.mq4 3 KB | 780 downloads
POST 3,597 Slope Direction Line.mq4 4 KB | 835 downloads
POST 3,715 eVOLution-histogram.1.5.ex4 19 KB | 372 downloads
POST 3,715 eVOLution-levels.1.9.ex4 17 KB | 349 downloads
POST 3,715 eVOLution-options.1.3.ex4 13 KB | 352 downloads
ORIGINAL INDICATOR MODIFICATIONS
POST 1,660 TrendFollowSignal.mq4 11 KB | 638 downloads
POST 1,660 EMA Crossover Signal.mq4 4 KB | 599 downloads
POST 1,660 Trend Follower - 5min Template.tpl 23 KB | 761 downloads
POST 1,686 GuppyHist.mq4 9 KB | 748 downloads
POST 1,686 GuppyHistMTF.mq4 2 KB | 699 downloads
POST1,798 TrendFollowSignal.mq4 11 KB | 773 downloads
POST 2,524 RSI Worms.ex4 10 KB | 581 downloads
POST 2,646 NEWEMA Crossover Signal.mq4 4 KB | 553 downloads
POST 3,152 mod v.lexs.tpl 23 KB | 673 downloads
POST 3,152 FlatTrend w MACD+.mq4 3 KB | 851 downloads
POST 3,152 HMA Russian Histo.mq4 2 KB | 745 downloads
POST 3,764 Guppy MMA.mq5 13 KB | 210 downloads
POST 3,764 Laguerre.mq5 3 KB | 162 downloads
POST 3,764 Trend Follower - 5min Template MT5.tpl 22 KB | 272 downloads

Is currently someone trading this system??

I've tried this system numerous times, and the conclusion I've come to is that it simply doesn't work for me, regardless of what time frame I use.

There are too many things to look at and try to keep track of, and I end up stressed out from all of the signals on multiple pairs, or even just one pair, trying to figure out if it is a good trade or not.

This might be a good system for some traders, but not a good system for me.

I've found a much simpler system works better for me. Simply price action on H1, H4, and D1 time frames.

Kind of breaking it down...

1) make sure all the indicators line up (there are numerous indicators if you include the colored lines)
2) make sure the pivot points line up and are in agreement with you trade, and give your trade enough room
3) Check higher time frames (assuming the 5 minute time frame is used) to make sure there isn't a conflicting trend or signal
4) Make sure you aren't trading during big news announcements or a spike could take you out (again assuming 5 minute time frame)
5) Also, make sure you are trading on a pull back and not a break out (again assuming 5 minute time frame, as many false break outs can occur on the shorter time frames)

In addition to the above, here is the standard analysis regarding R:R in that you need to make sure that your SL is the right ratio in relation to the profit target.

So, if all of the above sounds easy to master, and you like a step by step mechanical approach with multiple steps, then maybe this system will work for you...

Again, not saying it is not a good system, just not right for me. Maybe this will help someone else determine if if is right for them...

Wow..! What a fantastic effort is yours..!!
Hats Off to YOU..!
I astonish and amaze for you to take a lot of work even than the original author...!
Thanks a lot Goober1..!
And about the system.. I still trade the original system. Its a real trend follower system which safeguards us from a lot of bad trades.
Give the system to run alone for just 2 weeks... You will agree what I say..!
Thanks a lot to the original author.

Hello,
Do anybody still use this system?
tx

I apologize for not coming here in over a decade. I am still roaming this earth though. It seems that now for years (I do not know how many) neither pictures nor downloads or other things were working on the website where our trend follower is posted. I came just here to give you an update that I have now fixed the images and download links as well so you can continue using this system.

Best of luck and see you in another decade?

you are surely missed, i fell in love with this system. Are you still trading?