Disliked{quote} Hi Lynnc, if you are using MT4 can you share the MACD indicator with alert? Tks P.Ignored
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MACD_Histogram_WIS mtf.mq4
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Disliked{quote} Hi Lynnc, if you are using MT4 can you share the MACD indicator with alert? Tks P.Ignored
Dislikedthis week not good in trading many big movement in the two direction it is like playing bing bongi am only +1.5%{image}Ignored
DislikedHello all, I’m enjoying working my way through this strategy and backtesting it - but I’ve noticed that the exit rule of waiting for a colour change leaves a lot of pips on the table as candles retrace in the second half of the hour (I trade off the 1 hour timeframe). I presume the logic of this is that waiting for the colour change is a way to stay in trades longer so you recoup your lost pips when there is a long trend. What are people’s views about the exit rules? Are most of you trading the strategy as written or are there any of you trying...Ignored
Disliked{quote} Thanks for the clear answer, sorry for late but it a busy week... I will do my change using 1H timeframe to see immediatly my trade (i need a quick feedback) I have to many manoths and 2 years of not consistency, i do not believe in me! I need to rebuild my credibility at my eys of myself. I though the behavioural lesson of ALI and a rigorous method would help me...i keep fighting. I will do my back test as you wrote, great method yours of using both configuration (HA and normal candles) here my 3 lost of this week: vertical red line was...Ignored
Pardon me for the random naming of the setups.
Ali actually did give you the advice: only take the A+ setup!
In your case here, you were simply in the wrong side and timing of the market, not because you misinterpret the system.
And if you want, you could follow my way as well on post #664: if MACD is above the zero level, only look for buys. If it is below the zero level, only look for sells. Of course the candles + Donchian + average channel must align as well.
Disliked{quote} Hi Lynnc, if you are using MT4 can you share the MACD indicator with alert? Tks P.Ignored
Disliked{quote} Hi Big Kev, this is a good question. Honestly I had the same question mark in my head as well. Your logic is correct. This system is designed to minimize loss and to ride the trend when there is a long one. But reading the way you said "candle retrace in the second half of the hour", correct me if I'm wrong but I assume you close your position when candle changes color BUT have not closed yet? Because the decision to close a position is to wait until the candle closes first. Also the introduction of 5 EMA can help you a lot. If you're in...Ignored
Disliked{quote} Thanks JPN. You’ve been a huge help. I’ve been closing my positions at the close of the candle, as per the rules. What I meant was more the observation that I’ve seen some quite big retracements go against me in the second half of the hour candle, so you’re sitting there watching your pips drain away! I think I might be a man after your own heart in terms of trading psychology - ie I don’t like watching drawdowns so maybe a fixed TP might be more my style.Ignored
Disliked{quote} Thanks JPN. You’ve been a huge help. I’ve been closing my positions at the close of the candle, as per the rules. What I meant was more the observation that I’ve seen some quite big retracements go against me in the second half of the hour candle, so you’re sitting there watching your pips drain away! I think I might be a man after your own heart in terms of trading psychology - ie I don’t like watching drawdowns so maybe a fixed TP might be more my style.Ignored
Disliked{quote} Hi Paolo, Ahh, I understand what caused those trades to be losses. From this whole conversation, we know that there are two types of setup: A+ setup: when candles align with the Donchian and average channel, MACD crosses, AND it also crosses over the zero level B setup: the one that you had with all those trades; the MACD crosses but did not cross over the zero level Pardon me for the random naming of the setups. Ali actually did give you the advice: only take the A+ setup! In your case here, you were simply in the wrong side and timing...Ignored
Disliked{quote} Hi Big Kev, this is a good question. Honestly I had the same question mark in my head as well. Your logic is correct. This system is designed to minimize loss and to ride the trend when there is a long one. But reading the way you said "candle retrace in the second half of the hour", correct me if I'm wrong but I assume you close your position when candle changes color BUT have not closed yet? Because the decision to close a position is to wait until the candle closes first. Also the introduction of 5 EMA can help you a lot. If you're in...Ignored
Disliked{quote} Yes of course. This is the one I am using. When the macd crosses it shows red or green. It makes it easier for me to see how long ago the cross was and then I just have to look at when its near or crossing the zero line. By the way, once there is a signal, I switch to m5 to make sure its not due a pullback first. {file} {image}Ignored
Disliked{quote} It helped a lot this post but still confusion on an important detail, i ask to ALI confirm: Question: Have i to close the trade (in lost for example) when candle changed color BUT WAITING THE CLOSE OF the candle it self as JPN said or cut off the lost even if the candle is not closed)? Sorry JPN i do not want to bypass you, it just a confirm. Good weekend PaoloIgnored
DislikedHello, i follow this here now for 4 weeks. Tremendous results. I have done it on germany dax40. What is about other indices? Do you mean, that this is at all a good idea?Ignored