• Home
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • User/Email: Password:
  • 5:01am
Menu
  • Forums
  • Trades
  • News
  • Calendar
  • Market
  • Brokers
  • Login
  • Join
  • 5:01am
Sister Sites
  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

RSI Multi Time Frame Indicator/System 146 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Help with simple multi time frame fractal comparison indicator 8 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

  • Trading Systems
  • /
  • Reply to Thread
  • Subscribe
  • 248
Attachments: Multi time frame Simple MACD system
Exit Attachments

Multi time frame Simple MACD system

  • Last Post
  •  
  • Page 1 23456 42
  • Page 1 234 42
  •  
  • Post #1
  • Quote
  • First Post: Edited Sep 21, 2013 5:53pm Aug 27, 2013 12:02am | Edited Sep 21, 2013 5:53pm
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
After going through lot of complex trading systems and indicators.. I have now using system which is very simple and seems to work well.
so I am sharing the system here with everyone. Please provide your view point and maybe someone can help me automate this system.
It uses only 1 indicator 3ColorMACD.

3 setting for the indicator on 4 hour chart
1) 12,26,9
2) 72,156,54
3) 360,780,270

3 setting for the indicator on Daily chart
1) 12,26,9
2) 60,130,45
3) 240,520,180

I trade it on 4 hours chart only.
Buy when all 3 setting of 3colorMACD turns Green. Buy stop order on top of the trigger candle with stop at the other end of the candle. Target is same distance as Stop. so it's always 1:1 R:R. Stop move to breakeven when price moves half way to the target.

on 4 hours chart, the MA is mapped to daily 200 MA position. so if that MA is within the RANGE (between Stoploss and profit target) of trade setup, skip the trade.
Also if the trade profit traget is less than 25 pips, skip the trade.

Currency Pair Exclusion List :-

  1. USDSGD
  2. AUDSGD
  3. EURGBP


Update - 1st Sept - 2013.
Added 1 hour and 30 min template for anyone interested to trade those timeframes.\

Update - 12th Sept -2013
Additonal templates with different colors can be found here - http://www.forexfactory.com/showthre...69#post6958269
Indicator with notification and alert added. MTF MACD Signal v1.1.ex4

Update - 21st Sept 2013
EA - http://www.forexfactory.com/showthre...26#post6978926

Attached Image (click to enlarge)
Click to Enlarge

Name: macd-settings.gif
Size: 9 KB
Attached Files
File Type: mq4 3colorMACD.mq4   4 KB | 10 downloads
File Type: tpl 4 hours-multitfmacd.tpl   2 KB | 6 downloads | Uploaded Aug 31, 2013 9:09pm
File Type: tpl 1 hour-multitfmacd.tpl   2 KB | 5 downloads | Uploaded Aug 31, 2013 9:09pm
File Type: tpl daily-multitfmacd.tpl   2 KB | 4 downloads | Uploaded Sep 3, 2013 7:29pm
File Type: tpl 30min-multitfmacd.tpl   2 KB | 4 downloads | Uploaded Sep 7, 2013 2:24am
File Type: ex4 MTF MACD Signal v1.1.ex4   8 KB | 9 downloads | Uploaded Sep 12, 2013 7:14am
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
  • Post #2
  • Quote
  • Aug 27, 2013 12:09am Aug 27, 2013 12:09am
  •  lazyegg
  • | Joined Aug 2007 | Status: Member | 224 Posts
Garfield &5

interesting, can you post some chart?
is this system only work for 4HR TF? did you ever try lower TF?

THX
Never say no to PIPS
 
 
  • Post #3
  • Quote
  • Aug 27, 2013 12:12am Aug 27, 2013 12:12am
  •  goldfinger
  • | Membership Revoked | Joined Oct 2007 | 1,020 Posts
welcome to glory hunters paradise
 
 
  • Post #4
  • Quote
  • Aug 27, 2013 12:51am Aug 27, 2013 12:51am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
Quoting lazyegg
Disliked
Garfield &5 interesting, can you post some chart? is this system only work for 4HR TF? did you ever try lower TF? THX
Ignored
thanks. I haven't tried this on lower TF as I don't trade lower than 4 hours due to noise and wipesaws.
I am going to start trading this on daily TF from next month - sept 2013 as well as on 4 hours.
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
 
 
  • Post #5
  • Quote
  • Aug 27, 2013 12:53am Aug 27, 2013 12:53am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
Here is a good example of GBPJPY 4 hours chart that I have a pending short trade open.
Entry at low of trigger candle.
Attached Image (click to enlarge)
Click to Enlarge

Name: GBPJPY.JPG
Size: 86 KB
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
 
 
  • Post #6
  • Quote
  • Aug 27, 2013 2:01am Aug 27, 2013 2:01am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
GBPJPY Trade has triggered, now wait to see how long it takes to get to profit target of 75 Pips
Attached Image (click to enlarge)
Click to Enlarge

Name: GBPJPY-Active.JPG
Size: 83 KB
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
 
 
  • Post #7
  • Quote
  • Aug 27, 2013 3:33am Aug 27, 2013 3:33am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
GBPJPY went in the right direction after london open. Moved trade to breakeven.. now just wait to hit TP..
Attached Image (click to enlarge)
Click to Enlarge

Name: GBPJPY-moved to breakeven.JPG
Size: 81 KB
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
 
 
  • Post #8
  • Quote
  • Aug 27, 2013 3:44am Aug 27, 2013 3:44am
  •  Davit
  • Joined Feb 2012 | Status: Member | 21,293 Posts
Hi Garfield

I don't know if you are doing this but selling and buying decisions should be considered where price is in relation to supply/demand and support/resistance levels.
For example all your 3 indicators can have green on top of swing and you go long and get crashed.
I just think mechanical signals specially lagging ones can't tell price Action.They are brilliant in past historical view but seldom accurate in real time.
Regards
In trading, you have to be defensive and aggressive at the same time
 
 
  • Post #9
  • Quote
  • Aug 27, 2013 3:49am Aug 27, 2013 3:49am
  •  cbj
  • | Joined Oct 2009 | Status: Member | 37 Posts
Hello All
New to the thread. What broker platform are you using? Thanks for the help.
 
 
  • Post #10
  • Quote
  • Aug 27, 2013 4:08am Aug 27, 2013 4:08am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
Quoting Davit
Disliked
Hi Garfield I don't know if you are doing this but selling and buying decisions should be considered where price is in relation to supply/demand and support/resistance levels. For example all your 3 indicators can have green on top of swing and you go long and get crashed. I just think mechanical signals specially lagging ones can't tell price Action.They are brilliant in past historical view but seldom accurate in real time. Regards
Ignored
Agree all indicators are lagging. as you can see with my example of this GBPJPY trade, it was in real time where I showed the entry and outcome of the trade. This system give me a fair number of postive trade, Risking 2% per trade, it is quite easy to make 10%-15% a month on this system without being too greedy.
Attached Image (click to enlarge)
Click to Enlarge

Name: GBPJPY-Trade Closed.JPG
Size: 156 KB
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
 
 
  • Post #11
  • Quote
  • Aug 27, 2013 4:09am Aug 27, 2013 4:09am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
Quoting cbj
Disliked
Hello All New to the thread. What broker platform are you using? Thanks for the help.
Ignored
I trade with 2 brokers - Axitrader and IBFX.
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
 
 
  • Post #12
  • Quote
  • Aug 27, 2013 5:53am Aug 27, 2013 5:53am
  •  juicyt
  • | Commercial Member | Joined May 2008 | 480 Posts
Hi, can you make up the past trades on the pics you put up?

Thanks
"Even if you fall down face first, you still went forward."
 
 
  • Post #13
  • Quote
  • Aug 27, 2013 11:23pm Aug 27, 2013 11:23pm
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
Quoting juicyt
Disliked
Hi, can you make up the past trades on the pics you put up? Thanks
Ignored
here are some example of winning trades.. let me know if you want to see few losing trades examples happy to post that too since there are always winners and losers in a trading strategy.
Attached Images (click to enlarge)
Click to Enlarge

Name: GBPCHF Trade.JPG
Size: 95 KB Click to Enlarge

Name: GBPCAD.JPG
Size: 99 KB Click to Enlarge

Name: CHFJPY Trade.JPG
Size: 83 KB
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
 
 
  • Post #14
  • Quote
  • Edited at 10:33am Aug 28, 2013 9:33am | Edited at 10:33am
  •  4xPIPAHOLIC
  • Joined Aug 2009 | Status: Member | 2,576 Posts
Quoting garfield75
Disliked
{quote} here are some example of winning trades.. let me know if you want to see few losing trades examples happy to post that too since there are always winners and losers in a trading strategy. {image} {image} {image}
Ignored

Well Done ! Continue, as long as it is profitable everything is accepted.....even lagging
Continue......

Long time ago I used to trade a system very similar.....I used 2 macd's(and traded the direction of the cross).....you can see my trade explorer (Boomerang) it was VERY PROFITABLE.....
The only reason I stopped was cause I discovered a better system....but it was profitable and a stepping stone for me.....
 
1
  • Post #15
  • Quote
  • Aug 28, 2013 7:50pm Aug 28, 2013 7:50pm
  •  baoming
  • | Joined Aug 2013 | Status: Junior Member | 1 Post
Thank you for this system & congratulations to this new thread, garfield75!
I manually tested it for 30 minutes using year 2013 EURUSD data with SL: 75 TP: 75. It's promising. And it's so easy to test!
The 'stop entry on top/bottom' really does filter out lots of false trades.
 
 
  • Post #16
  • Quote
  • Aug 28, 2013 10:51pm Aug 28, 2013 10:51pm
  •  whatfx
  • Joined Jun 2010 | Status: The Villain | 2,565 Posts
Quoting garfield75
Disliked
After going through lot of complex trading systems and indicators.. I have now using system which is very simple and seems to work well. so I am sharing the system here with everyone. Please provide your view point and maybe someone can help me automate this system. It uses only 1 indicator 3ColorMACD. 3 setting for the indicator 1) 12,26,9 2) 72,156,54 3) 360,780,486 I trade it on 4 hours chart only. Buy when all 3 setting of 3colorMACD turns Green. Buy stop order on top of the trigger candle with stop at the other end of the candle. Target is...
Ignored
a few clarifications required:

on the macd what are the settings for the following fields... ''count bars'', ''line'', and ''zero level'' ?


even if all 3 colours match, do you still have to wait for the macd to go above the zero line (on the first shorter macd) for a buy, and vice versa for a sell ?

even if all 3 colours match, do the bars on the macd have to be of certain size, length, because smaller bars dont really count right ?


how many bars of a certain colour must there be first before you can take the next colour change as a valid colour change ? for example if you only have one red bar and then a green bar appears, surely that cannot ba a valid colour change ?


when all 3 macd colours match, do you wait for that 4hr candle to close first and then enter on open of next 4 hr candle ? also, would it not be a good idea to enter on break of high / low of the signal candle ?

ta
 
 
  • Post #17
  • Quote
  • Aug 29, 2013 4:33am Aug 29, 2013 4:33am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 743 Posts
Quoting whatfx
Disliked
{quote} a few clarifications required: on the macd what are the settings for the following fields... ''count bars'', ''line'', and ''zero level'' ? even if all 3 colours match, do you still have to wait for the macd to go above the zero line (on the first shorter macd) for a buy, and vice versa for a sell ? even if all 3 colours match, do the bars on the macd have to be of certain size, length, because smaller bars dont really count right ? how many bars of a certain colour must there be first before you can take the next colour change as a valid...
Ignored
''count bars'' = 1000
''line'' = 2
''zero level'' = 0.0

even if all 3 colours match, do you still have to wait for the macd to go above the zero line (on the first shorter macd) for a buy, and vice versa for a sell ? No

even if all 3 colours match, do the bars on the macd have to be of certain size, length, because smaller bars dont really count right ? No

how many bars of a certain colour must there be first before you can take the next colour change as a valid colour change ? for example if you only have one red bar and then a green bar appears, surely that cannot ba a valid colour change ? Just 1 at minimum, question then is - what about ranging market, Since my trader are set on top of bottom of the trigger candle and cancel automatically when the next 4 hour candle opens, I not experinced ranging issue yet on 4 hour chart.

when all 3 macd colours match, do you wait for that 4hr candle to close first and then enter on open of next 4 hr candle ? also, would it not be dla good idea to enter on break of high / low of the signal candle ? Yes, Trades are setup on the close of the candle only, this way there is no issue with repainting. Entries are always on High/Low of the candle.
Trading is SIMPLE not EASY.
MFF 200K Return This Year: 0.6%
 
 
  • Post #18
  • Quote
  • Aug 29, 2013 3:43pm Aug 29, 2013 3:43pm
  •  hoss
  • | Joined Jun 2006 | Status: Lifelong learning... | 748 Posts
I may have missed it, but what currency pairs are you using for this strategy? Thank you.
 
 
  • Post #19
  • Quote
  • Aug 29, 2013 4:00pm Aug 29, 2013 4:00pm
  •  00piotr2
  • | Joined Aug 2012 | Status: Member | 42 Posts
How are your results, expectancy of pips per month?
 
 
  • Post #20
  • Quote
  • Aug 29, 2013 4:51pm Aug 29, 2013 4:51pm
  •  carlostedo
  • | Joined Jan 2013 | Status: Member | 63 Posts
First, thanks for the system. I tested and when I used your template on my mt4, a moving average appeared and i don't know the meaning of it. Have it a meaning?
 
 
  • Trading Systems
  • /
  • Multi time frame Simple MACD system
  • Reply to Thread
    • Page 1 23456 42
    • Page 1 234 42
0 traders viewing now
  • More
Top of Page
Forex Factory Blog Updated: Alerting All Members
  • Facebook
  • Twitter
About FF
  • Mission
  • Products
  • User Guide
  • Media Kit
  • Blog
  • Contact
FF Products
  • Forums
  • Trades
  • Calendar
  • News
  • Market
  • Brokers
  • Trade Explorer
FF Website
  • Homepage
  • Search
  • Members
  • Report a Bug
Follow FF
  • Facebook
  • Twitter

FF Sister Sites:

  • Metals Mine
  • Energy EXCH
  • Crypto Craft

Forex Factory® is a brand of Fair Economy, Inc.

Terms of Service / ©2022