It's a great system but I personally like to trade manually and you can bet that the results are better too this way.

Multi Ema Cross system

Well, I have also looked 30min TF but the stops were too big for my taste on that TF. Plus, I trade 5 pairs on 5min TF and get about 15-20 high probability trades per month. So imagine how much you will get them on 30min TF - maybe only 10. I think ...

Trend Follower 5 Minute System

I'm glad that this trade worked out for you but this is not a perfect signal. The slope was still red and short term traders were not quite on board with the investors (long term traders).

Trend Follower 5 Minute System

All the things mentioned by pipul8r are true. And one more thing. The slope was red and I would never have taken that trade because GMMA's were too apart for my taste. Overall it's not a good idea to trade during NFP week because the market is ...

Trend Follower 5 Minute System

This EA is very good for signals but it is not meant to be fallowed blindly.

Trend Follower 5 Minute System

Actually it is almost impossible to backtest this system because daily pivots, resistance and support levels are updated every day. What I do, is that I look every day for valid signals and write down my entries, TPs SLs and exits. And yes, I use ...

Trend Follower 5 Minute System

I have paper traded this system for almost 2 months now and the results for October are 404 pips. I trade G/U, A/U, E/U, CHF/U and USD/JPY. My trading begins at 8 am and ends at 5 pm GMT +2. Most of the trades were taken between 10am to 3pm. I took ...

Trend Follower 5 Minute System

Question to Wiper — I would like to ask you what exact levels do you use for Laguerre? The Wicker uses 0.15 and 0.75 but wouldn't it make more sense if we use proportional levels like 0.15 and 0.85? Hope you have time to answer

Trend Follower 5 Minute System

I personally set my TP's close to pivots. I also move my stops when I'm in profit (usually 10-15 pips profit). One may want to ask on which resistance(1,2,3) or support(1,2,3) to take the profit. On that mater I watch the GMMA's in the beginning of ...

Trend Follower 5 Minute System

Im using 5min TF. What laguerre is, is basically an advanced form of RSI as far as I understand it. It identifies overbought and oversold conditions in the market.

Trend Follower 5 Minute System

I would suggest to take only those trades where GMMA's are really compressed as this shows agreement between price and value. Today is a good example how good the GMMA's really are. The market moved sideways today and the MA's filtered out many bad ...

Trend Follower 5 Minute System

I'm not answering for Wiper but just giving my point of view. If I see a good trade and I think it has the potential to go and reach my target then if the slope isn't showing the same direction I still take the trade. But the slope line has to be ...

Trend Follower 5 Minute System

I attached E/U chart and drew a line were I think you got the signal. Basically this is more or less the only proper signal on E/U today. I didn't take it because it was out of my trading time but even if it was in I would not have taken it. Why? ...

Trend Follower 5 Minute System

These charts shown by mattrader have nothing to do with proper signals or entry points. I don't know why anyone should take a trade in those kind of situations/market conditions. But as mattrader said, it's everyones own call whether to take or not ...

Trend Follower 5 Minute System

Thank you for your answer. How many trades do you take on average per month? And how many pips?

Trend Follower 5 Minute System

To wiper: I have a question. Since you are trading this system live and with real money, do you protect your profits? I mean if trade is positive by lets say 10 pips do you move you stops to B/E etc? I just wonder how much room do I have to give a ...

Trend Follower 5 Minute System

The only thing that keeps this trade away from perfect is the slope direction. Although it's almost flat so I would have taken this trade if it was between my tradinghours. But this is just my trading style and it's not in the rules either. So a ...

Trend Follower 5 Minute System

I didn't take the USD/CAD trade because I don't trade that pair but I took 3 trades yesterday. GBP/USD at 2.0374 and took a loss on that one by -33 pips. This actually wasn't a perfect trade at all but since the conditions were met I took it. I also ...

Trend Follower 5 Minute System

I've been watching this thread from the beginning and recently started to forward test it manually. Every day when the trading session ends I check my charts and if there was a valid signal then I will write it down. I do intend to forward test this ...

Trend Follower 5 Minute System

Hi Wiper It's a nice setup. I didn't take it because it was too close to R2 for my taste. But do you consider resistances when taking a trade? I mean not for TP or SL but whether to take or not to take a trade?

Trend Follower 5 Minute System