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4 Hour Strategy Macd+other Indicator 21 replies

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Attachments: 4 Hour Strategy (MACD)
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4 Hour Strategy (MACD)

Quoting reteid2222
I accidently found it today on a site which shows price action strategies.... I quickly coded a version of buy when the macd goes down after a high over 0.... The question was how to do sl/tp... Pips is useless because every pair has different volality... so 10 pips are very different in different pairs... And fixed sl never worked with high probabilty in my calulations... You can use a ema 100-200 for tp... Best for me on a quick test worked cci(14)>100 and vice versa.... Feel free to try out and comment...I ll test it next week.... {image}
Thanks for coming in with new ideas;
I am in the coding direction as well; just logged into this thread after a while; I will for sure look into your findings; we educate one another here; thanks for your contributions and do keep us posted;
Naustingfx
For versatility, I usually use ADR for TP and SL
I made universal dynamic levels for any pair. Calculated for N bars. Levels can be reconfigured. I will not refuse "thank you"
Attached File(s)
File Type: mq4 i_MACD-PRO_v1.03.mq4   14 KB | 197 downloads
Well, let's try to make an advisor. Of course, there is a lot of subjective in this system .. But you can try to program 2-3 patterns.
Ok Guys, Been a while but still working on this strategy. Here's todays lucky trade on USD/CHF for +204
First arrow close over the 89 and 200. Time to wake up and take notice. Pulls back along the 200 and makes a break for the 21 EMA and the following candle tries the 89 and closes back over the 200 SMA. Time to jump in and see what happens with a trade as the MA look to be good resistance. In my excitement almost forgot a rule. A break of the 200 to expect a retest and this it did of course with the next arrow. Now is the time to short this sucker.
I think Philip Nel would be pleased with this one and hopefully Nausting was also on this one. Good trading guys.
EDIT:- I use a MA alert for a break of the 200SMA and a grid bot to place trades along with a trail stop EA to protect the capital.
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Quoting Phillip Nel
I am using this 4 Hour strategy only for the last month(Jan2007) as I have papertraded for 2 years trying everything and or system I could find. (I am trading equities for almost 10 years)I have decided that I will only go live(after some losses-not to serious) after I have studied the field of forex and are satisfied that I have a system that works. I do believe that we are trying to make it to impressive and difficult. This system is simple and easy to understand. I have backtested and forward tested it over more than 200 trades and it gives 300+...
Great job.... maybe the system is too simple for me i don t understand all rulez...

But if here is a guy who could tell the exact rulez:
- which trades 2 take
- where 2 exit
I would create an analysis....like in the picture...

Enjoy Ur weekend....and stay green next week!
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Vucking good EA coder...
Quoting reteid2222
{quote} Great job.... maybe the system is too simple for me i don t understand all rulez... But if here is a guy who could tell the exact rulez: - which trades 2 take - where 2 exit I would create an analysis....like in the picture... Enjoy Ur weekend....and stay green next week! ...
Here U go for some rules, cant remember who posted them tho. Some parts are speculative but practice makes perfect I guess.
Attached File(s)
File Type: doc 4hr rules.doc   26 KB | 328 downloads
Quoting 40PipsAlan
{quote} Here U go for some rules, cant remember who posted them tho. Some parts are speculative but practice makes perfect I guess. {file}
Thank you very much I appreciate your effort... but that s not nearly the information I need to create and write the coding rules in mql code....
Vucking good EA coder...
Quoting reteid2222
{quote} Thank you very much I appreciate your effort... but that s not nearly the information I need to create and write the coding rules in mql code....
You clearly formulate the questions, and we will try to answer them
GC Long +66
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Quoting DJTrend
{quote} You clearly formulate the questions, and we will try to answer them
Sorry I ll try my best.. I have the feeling this strategy has much potential....

I need something like:
Buy: price over ma21>ma89 and macd changes from rising down to rising up....
That s one type of entry I could figured out....
Vucking good EA coder...
Quoting reteid2222
{quote} Sorry I ll try my best.. I have the feeling this strategy has much potential.... I need something like: Buy: price over ma21>ma89 and macd changes from rising down to rising up.... That s one type of entry I could figured out.... ...
Break of a MA like 89 or 200 and retest of one of the MA seems to be a big part of it.
Quoting reteid2222
{quote} Sorry I ll try my best.. I have the feeling this strategy has much potential.... I need something like: Buy: price over ma21>ma89 and macd changes from rising down to rising up.... That s one type of entry I could figured out.... ...
Rebound from MA 21 or 89 or 200 with color change to MACD. TP at the level of N% of the ADR of the current TF (by default 100-150%).
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Quoting Sorobanista
MACD good. {file} {image}
hi soro, many thanks dearest friend for the indicator. could you please explain how to use it , in other words the full rules and also could you post the moving averages indicator aswell and explain the full rules of your strategy pls including times frames etc etc. much appreciated and thanks in advance friend.
Say, “He Is Allah, [Who Is] One, Allah, the Eternal Refuge.
Does this strategy work on stocks as well?
Is it update valid to current market?
Still tinkering with this system guys. UJ M5 chart for +20. Break of the 365 and retest before moving away.
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Quoting 40PipsAlan
Still tinkering with this system guys. UJ M5 chart for +20. Break of the 365 and retest before moving away. {image}
Cross of the 21EMA and retest for another +10. End the day +3.34% on the account (demo)
EDIT:- Checking the LTF like M1 and M5 makes all the difference to the trade decision.
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Bit of Progress this week guys. +8% added to the demo. Will try and build on this next week. Keeping my selection of pairs down to make me focus a bit better. Good weekend guys
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A point of interest on my last pic. Notice the 200 closeover and retest. I am using an EA that takes some profit at 10 pips and leaves the rest to roll.
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Nice start to the week. +147 on Gold
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