4 Hour Strategy (MACD)

LONG positions already in place for trailing stops strategy.

AJ update
As it happened

UC
Weekly update (1.35 is now become support)

Attached Image (click to enlarge)

NU
Sign of going down further after 2 months of consolidation between 0.69 - 0.71

Attached Image (click to enlarge)

I am watching current development at UJ

It just hit the black channel line, lets see what will bring the news tomorrow. Current rise should target 115.49 resistance. On the downside, below 111.95 minor support will turn bias neutral and bring consolidations first.

After hitting the channel line (black), the temporary top is in place 113.038, further consolidation could be seen to MA 365 at 111.58 or as low as 111.12 (cluster support), tentatively I would expect that it will hold. On the upside above 113.038 remains the 113.53 minor resistance. If broken the bias will be turned for 115.49 resistance.

UJ rally resumed after brief consolidation and reaches as high as 113.90 so far. Intraday bias is back on the upside for 115.49 resistance.

Thanks everyone for their continuous contribution to the Thread.. I Feel like I own the thread since i was around when it was stared when we shifted from Sir Philip Nel website to Forexfactory..
I happened to come across this post on mql5 web and its worth posting here.
Someone who has the idea of making an EA would be have somewhere to start. Have a look,

The implementation of the MACD pattern Trend continuation - expert for MetaTrader 4

The implementation of the MACD pattern "Trend continuation".
The EA was written in order to check the efficiency of the trading strategy described by the author. The received results and the description of the EA parameters is available in the 20th issue of the magazine. The magazine can be downloaded from our website http://www.fortrader.ru
Short description of the strategy:

1. Time frame: H4;
2. Symbol: EURUSD;
3. Volume: 0.1 lot
4. Indicators: ЕMA7, EMA21, EMA359, SMA89. MACD 5,13,1.

Searching for buy signal:

1. The MACD histogram must form a High above 0.0015;
2. Once a Low is formed above 0.0015, the histogram must go below -0.0005 and reverse with a value greater than 0,0005 without going below zero;
3. The stop loss is placed 10 points below the last local minimum;
4. The first target for the 30% position is closed at a price value higher than the 21-period Exponential Moving Average;
5. The second target for half of the positions is closed when the price reaches a value between the 89-period Simple Moving Average and 365-period Exponential Moving Average.
6. The third target for the remaining volume of the positions is closed when the price reaches a resistance level.

Searching for sell signal:

1. The MACD histogram must form a High above -0.0015;
2. Once a High is formed above -0.0015, the histogram must take a value higher than -0,0005 and reverse downwards with a value lower than -0,0005 without going above zero;
3. The stop loss is placed 10 points above the last local maximum;
4. The first target for the 30% position is closed at a price value lower than the 21-period Exponential Moving Average;
5. The second target for half of the positions is closed when the price reaches a value between the 89-period Simple Moving Average and 365-period Exponential Moving Average.
6. The third target for the remaining volume of the positions is closed when the price reaches a resistance level

When working on future, good results were received on the smaller time frames as well.
The offered EA has hard-coded default pattern parameters. The extended version of the EA can be downloaded in the issue of our journal. It comes with the ability to change and optimize the parameters, and with adaptive levels for calculating the take profit and stop loss.
!!! Note that different brokers have different quote properties and the results based on the given parameters may differ.


CAN SOMEONE CODE OUR STRATEGY FROM HERE? PLEASE

I can be reached on { email address deleted by staff }

Hi everyone, been studying this now for a bit, as far as I can but I can't figure out how the histogram numbers of 0.0015 etc correspond to the MACD indicator in trading 212?



Thanks

EDIT: Ah am I right in thinking that it corresponds directly, it's just that the scale of my MACD graph makes it hard to tell?

Also, the above strategy is for prices heading back toward the 21EMA, rather than bouncing off the 21EMA? Is this kind of two sides of the same strategy, or have I got it all completely wrong?

Thanks guys!

Greetings Fellow Traders

Is the stuff on on post 1 still valid. Could someone please direct me to the relevant or summary post. Any help will be appreciated.


Thanks

Yes, the summary is still valid and we still use it.

Thanks.

UJ fall from the top 114.36 extedns lower today. Mood direction MA 89 and Fundamental direction MA 365 both are almost neutral. I would expect that the intraday bottom to be contained not lower than the MA 365 and than since the price crossed MA 89 to retrace back to MA 21.

So far I see the whole decline from 114.36 as correction. And after breaking the MA 21 now at 113.15 I would expect the rally resumption. Above 113.15 (MA 21) will target 114.36 top (resistance) first. Above 114.36 will target 115.49 resistance first. Break there should resume whole rise from 98.97 to 125.85 high.

Do we still expect a rise from MA 365 on 4H chart of UJ, please apprise.

WTI moves up after ZB at MACD, Target MA 200/365

EJ is expected to form a ZB at MACD and move away from EMA21 with a target of previous day high. Any comments please.

I expect rise to MA 21 if the price moves above these candles.

CJ is expected to form a RB at MACD H4 as it finds support at 89 and 200. Also there is a hammer formed at H1 that supports the idea. Any comments from experienced members please.

Price is almost reaching to 365 and further below is 200. Lets see where it bounces back.

You are right. I think we have to wait till the Crude Oil Inventories are announced. It will be in 90min.