IPhone 5 stolen? Can I track it after wiping?

My iphone was stolen, first I went to the icloud page from a notebook and enter the find my iphone button, the page try to locate my phone but it said it was offline so I put it in lost mode (put a password, my other cellphone number and the message that will display in the screen) then I press the erase option. When my iphone get internet connection it will erase all my data rigth? My question is: will it continue to track my phone after the wiping/erasing?

No but th guy who stole it could have disactivated the "iPhone tracker"

You shouldn't have wiped the phone. You should have waited for the phone to come online and then you'd have got the latest location