Enter EUR/USD short 1.3591.
SL: 1.3645 TP: 1.3510
SL: 1.3645 TP: 1.3510
4 hour strategy (the nausbot - 4 hour trader) 11 replies
4 Hour Strategy Macd+other Indicator 21 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies
DislikedHello all,
I have been studying this thread for a couple of days. I started from the very beginning, but as suggested by Phillip, I jumped to Page 289 and started to read onwards and at the same time, still need to catch up with everyday's posts to avoid from being left behind. However, up till now, I still can't see anything relating to 5 minute system. Could anybody kindly send me the documents in relevant to this?
Many thanks in advance.Ignored
DislikedHello all,
... up till now, I still can't see anything relating to 5 minute system. Could anybody kindly send me the documents in relevant to this?
Many thanks in advance.Ignored
DislikedHello Phillip,
I'm a candlestick pattern fan. Especially Engulfing and Star pattern.
And i found that your MACD setting confirm good signal.
So I try to combine your MACD and my favorite pattern and backtesting it for the last 5 month. And I found the result is amazing even when we follow it blindly (ignoring S/R, Trendline, MA's).
I attach the results of the system which I develop using you MACD setting and combined with Engulfing and Star pattern. Any suggestions will be appreciated.
AldhyIgnored
DislikedThank you Bil2205, perfect analysis. I hope level 1.36 is becoming a strong resistence. Even if word like "hope" must not be used.
GreetingsIgnored
DislikedHello sindutzz and thank you for the examples you showed all of us using Engulfing and Star candlestick patterns as a kind of a 'filter' for Phillip's MACD system!Well done, you're to be commended for your efforts,like Phillip said.
Using what you showed us, I 'transplanted' it to the EURUSD Daily Chart and...adding the ultimate filter of all, viz. TREND DIRECTION (which in EU's case is definitely UP!!Hence I only took BUY signals and left out counter-trend/SELL signals completely) discovered the following:
1-As of the 1st Jan 2007, there were 13 BUY signals, of which only 2 were losing trades and one (#7) was BE!
2-There were +945 pips up for grabs during this period. For traders unable to sit in front of their computers all day,this is onehelluva bonanza!
But in your 4hr examples, you used SL =30 and exit when price shows contra signal.I used tight SL=50 and exit also on contra signal.This tight SL would've made a difference to Trade #12.
if we let #7 run ,because the stop loss wasn't hit we could've made about 70 pips, but to stick to prescribed exit rules,let's call it BE.
NB-Position traders (add to their profitable positions) would've flourished using your filter!!
Once again, thank you for showing us your discovery!
TP counted at best result,just like your 4 hr examples.
I'll try and get around to checking this out on other pairs as well.Ignored
DislikedThe 5min system is under Forums>Tradingsystems>5Min Intraday systems. It has nothing to do with 4Hour system. It is totally on its ownIgnored
DislikedHi Elainehuang,and welcome.
All you have to do is go to the 5min thread posted by Phillip.You'll find it here:http://www.forexfactory.com/showthre...11854&page=109Ignored
DislikedDojiStar,
you read my mind!!!! After reading Sindutzz post (I was at my office) I was planning to do exactly what you did: take an E/U chart, see how this filter performed on the daily. So thank you very much for your efforts and for saving me time!!! Being a daily trader due to my full - time job, this could be an excellent way of applying Phillip's method. I am going to do the same excercise with the Cable and the us/Jp, and if the results are as promising as I believe they will be,I will forward test it for some time and jump into the live arena again.Ignored
DislikedThen this ought to make your day,Alcastro!
I'm posting daily charts for GBUSD and USDJPY.Remember, though, these are only 'following the trend' trades. I might also have made one or two mistakes and I didn't go into great detail, how many pips won/lost, etc.Just shows winning trades and losing trades.GU results disappointed me though.Also unlike,last time,SL is no longer = 50,but = Weekly ATR value of that pair.Something I learnt from Jacko,the trend-trade master.
Also posting USDCHF trades, BUT i made a mistake with the trend-direction!! It turned out to be profitable, though.
Keep me posted as to your results.Good luck and many pips to you.Ignored