Well no trades triggered in my test yet after 24 hours.
MACD Simple Cross System 242 replies
Multi time frame Simple MACD system 823 replies
SAR system based on QQE Adv and MACD Platinum 226 replies
Moving Average Channels Trading System 5 replies
Simple MACD System - Make 100 Pips a Week! 15 replies
Quoting YardieDislikedWell no trades triggered in my test yet after 24 hours.Ignored
Quoting YardieDislikedWell no trades triggered in my test yet after 24 hours.Ignored
Quoting ZachDislikedHow would I backtest this system? What would I need on my charts.Ignored
Quoting fingotraderDislikedHi, interesting EA for sure.
Does anybody have a custom made indicator, so we visiably can see when trades are triggered and learn more by follwoing the trades in a visuasl way? I know there is defalut MACD in MT4, but im a bit unsure how to set it up for this method...any help will be much appreicated
Thanks guys,Ignored
http://img63.imageshack.us/img63/1248/simplemacd3ja.png
It was part of my backtest for May.
Notice how sell and buy orders are opened and closed. But note that there is also a stoploss value based on time. The further you go without a proper close value, the more you would tolerate higher loss.
Hope that helps. Please do your part in testing and contributing here!
i_me
Quoting investor_meDislikedHere's an illustration how the EA works.
It was part of my backtest for May.
Notice how sell and buy orders are opened and closed. But note that there is also a stoploss value based on time. The further you go without a proper close value, the more you would tolerate higher loss.
Hope that helps. Please do your part in testing and contributing here!
i_me
Ignored
Quoting YardieDislikedInvestor_me. Based on your backtesting, how many trades can one expect to open per week?Ignored
Quoting investor_meDislikedHi again folks.
After working hard on the pivotmagic EA (which is getting popular every day), I found that simpler mechanisms are probably better for profit in the long run. I therefore developed an extremely extremely simple system based on 2 MACDs:
MACD1 is to identify the entry point: When the MACD moves from - to + do a buy and if it goes from + to - go do a sell. The fast and slow MAs are 1 point apart and should be quite high (250+)
MACD2 is to get the exit point: It's fast MA is always 100 but the slow one is the one used for MACD1. Once the value reaches the peak during the first cycle if it is a buy or a pit during the first cycle if it is a sell, then close the deal with profit. If the state is not profitable, just leave it.
In case MACD2 didn't produce profit, wait for a specific period (wait_time_b4_SL) and then exit with the least loss possible.
Check the code and you'll understand how this one works. The paramenters are good in default for EURUSD M5 charts. But you can always check other values, particularly MACD values.
i_meIgnored
Quoting bluemoonDislikedMore optimization [too much?] gives $9774 @ 79.5% with 132 trades in the same 9 month period [as in the previous] and a drawdown of $2312.
Same setting as before but with the MACD level at 549Ignored
Quoting BemacDislikedI wonder, if you could explain your system in plain english. Not because I didnt read the thread, I did, but I cant transpose mq language as yet {still} and would like to try to code it for VT.
If you don't mind, would you also define the default parameters for a particular pair?
tia. and sorry if it's an inconvieniance.Ignored
Quoting bluemoonDislikedMore optimization [too much?] gives $9774 @ 79.5% with 132 trades in the same 9 month period [as in the previous] and a drawdown of $2312.
Same setting as before but with the MACD level at 549Ignored