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4 Hour Strategy (MACD)

  • #30,841
  • Jan 21, 2020 12:51pm Jan 21, 2020 12:51pm
Quoting 40PipsAlan
Nice one, slowly but surely wins the day Update:- trail stop taken out for 18 pips. I moved it close by as price was sitting on the weekly pivot. {image}
Excellent!
I was in approximately similar trade in AudUsd...you are connected... If you keep it simple this way always, then you will hardly have a negative trading week. Add some filter so as to only take what I call perfect trades.
Regards
  • #30,842
  • Jan 21, 2020 3:11pm Jan 21, 2020 3:11pm
Quoting 40PipsAlan
{quote} How about a written version? {image}
Thank you very much Allen, just trying to understand the system. Still needs to go through a lot.

Overview we should not enter trades between 89 and 200 SMAs even though MACD agrees. Whenever MACD agrees we need to check the crossover trades and continuation trades of a each EMA or SMAs. Do we have any trading steps on each crossover and where to exit ? and where to place TP and SL when placing the orders.

Also I couldnt able to configure MACD: MACD settings at 1. Fast EMA 5 2. Slow EMA 13 3. MACD EMA 1 , I do not know why whenever I attach MACD and enter these values, the indicator detached by itself, I tried this in different platforms, I am familier with MT4 , Indicators and EAs, couldn't able to figure out what I am doing wrong. Can any one help please. Or please share your templates and indicators , so that I can try and apply the same.

Thanks,
MT
  • #30,843
  • Jan 21, 2020 3:12pm Jan 21, 2020 3:12pm
Quoting 40PipsAlan
{quote} Ah you mean the simulator EA? Used in the strategy tester part of the MT4 program. select the EA you want to test (LFH_simulator) and input the currency pair and TF with visual mode and use date, click start and a new chart appears, pause the process with the pause button (my laptop needs the Fn buttton as well) and apply the 4HMacd template. To make a trade double click the buy open or sell open script and input your lotsize and SL and TP in pips. {image}
Thank you very much Allen, thats my question, Sure I will try.
  • #30,844
  • Jan 21, 2020 3:26pm Jan 21, 2020 3:26pm
Quoting MalvernTrust
{quote} Thank you very much Allen, just trying to understand the system. Still needs to go through a lot. Overview we should not enter trades between 89 and 200 SMAs even though MACD agrees. Whenever MACD agrees we need to check the crossover trades and continuation trades of a each EMA or SMAs. Do we have any trading steps on each crossover and where to exit ? and where to place TP and SL when placing the orders. Also I couldnt able to configure MACD: MACD settings at 1. Fast EMA 5 2. Slow EMA 13 3. MACD EMA 1 , I do not know why whenever I attach...
Here you go. see if this works out.
Attached File(s)
File Type: tpl 4HMacd.tpl   8 KB | 277 downloads
File Type: zip Indicators.zip   54 KB | 338 downloads
  • #30,845
  • Jan 21, 2020 6:48pm Jan 21, 2020 6:48pm
Quoting 40PipsAlan
{quote} Here you go. see if this works out. {file} {file}
Thanks very much Alen , really helpful and appreciate your time.

Looks like Long GBPJPY at 143.45 SL 142.55 , and I have placed SL just below the MA200 and MA2

Reason
MACD double bottom on 4H,
Just price is crossing MA 21 and MA 8
Price already crossed MA 200,MA 89 and MA 365
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  • #30,846
  • Jan 21, 2020 7:08pm Jan 21, 2020 7:08pm
Short AUU JPY Trend Continuation
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  • #30,847
  • Jan 21, 2020 8:21pm Jan 21, 2020 8:21pm
EURNZD looks like a Buy Crossing up above 200 MA and 89 MA
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  • #30,848
  • Jan 22, 2020 10:59am Jan 22, 2020 10:59am
EURCAD - Short idea, waiting for the MACD sell signal . But price should not not close above the 200 MA, then its not a valid signal. Price is in between 89 and 200 MAs so at this point its ranging . Just my understanding corret me if i am wrong.
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  • #30,849
  • Jan 22, 2020 1:23pm Jan 22, 2020 1:23pm
Quoting MalvernTrust
EURCAD - Short idea, waiting for the MACD sell signal . But price should not not close above the 200 MA, then its not a valid signal. Price is in between 89 and 200 MAs so at this point its ranging . Just my understanding corret me if i am wrong. {image}

Sounds about right to me. Make sure you check the higher TF for trend direction and possible SR areas that you can trade from. Still learning myself and just watching EU for the moment whilst I wade thru the zillion posts. We probably need some input from the masters of this system to guide us in the right direction.
  • #30,850
  • Jan 22, 2020 2:38pm Jan 22, 2020 2:38pm
Quoting 40PipsAlan
{quote} Sounds about right to me. Make sure you check the higher TF for trend direction and possible SR areas that you can trade from. Still learning myself and just watching EU for the moment whilst I wade thru the zillion posts. We probably need some input from the masters of this system to guide us in the right direction.
I am looking forward to see how masters responding. But MACD didnt turn red yet, we may need to wait few more hours to decide.

Do we have any trade plans how to follow this system , I see first page of the forum has all the info, there are so much information available.That would be helpful how masters are trading by using this 4H MACD method.
  • #30,851
  • Jan 22, 2020 4:22pm Jan 22, 2020 4:22pm
Posting some reading material from ones of the masters. Something to study during your 9-5 lunchbreak. I will do part2 from Jonny tomorrow. Hopefully someone will find it useful rather than going thru the whole thread or if you arent online all the time like myself.
Study, study and more study and when you are sleeping study it.
Attached File(s)
File Type: docx JonnyPips Posts1.docx   4.5 MB | 272 downloads
  • #30,852
  • Jan 23, 2020 9:59am Jan 23, 2020 9:59am
Gives you a nice warm feeling when it goes you way. I call it lucky.
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  • #30,853
  • Jan 23, 2020 12:24pm Jan 23, 2020 12:24pm
Jonnypips posts 2.
Attached File(s)
File Type: docx JonnyPips Posts2.docx   4.8 MB | 238 downloads
  • #30,854
  • Jan 23, 2020 12:39pm Jan 23, 2020 12:39pm
Final Jonnypips posts. Who's next
Attached File(s)
File Type: docx JonnyPips Posts3.docx   1.9 MB | 231 downloads
  • #30,855
  • Jan 23, 2020 9:58pm Jan 23, 2020 9:58pm
Quoting 40PipsAlan
Final Jonnypips posts. Who's next {file}
Thank you Alan
  • #30,856
  • Jan 23, 2020 10:01pm Jan 23, 2020 10:01pm
I see one of the stratgies for continuation trades

RULES FOR 4-HOUR MACD FOREX TRADING STRATEGY
This MACD forex trading strategy has many possible setups. Philip Nel recommended trend continuation setups for beginners. I interpreted the strategy and came up with the following trading rules to trade continuations. These rules side-stepped the need to look for chart patterns.
LONG TRADE

  1. Price is above 89 EMA
  2. MACD is above zero
  3. MACD falls
  4. Buy once MACD rises (if MACD is still above zero)

SHORT TRADE

  1. Price is below 89 EMA
  2. MACD is below zero
  3. MACD rises
  4. Sell once MACD falls (if MACD is still below zero)


https://www.tradingsetupsreview.com/...ding-strategy/

That would be very helpful if Masters or experinced fellow traders can share other approach like crossover trades by using other MAs and MACD combinations.

Thanks,
MT

  • #30,857
  • Edited 8:37am Jan 24, 2020 5:50am | Edited 8:37am
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  • #30,858
  • Edited Jan 25, 2020 2:16am Jan 24, 2020 1:54pm | Edited Jan 25, 2020 2:16am
Ok guys, trading results for the week with 7 trades. Profit of almost 1.5R. big dud on EC so will go look at that again and see why I took that trade. Have a good weekend.
Update:- Poor entry on the EC. I figured it was going to reverse at the 200 but it spiked up over the 365 before coming back down. My SL was just near the trend line.
typo, I meant the 200 line not the 89, have changed it now
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Attached Image
  • #30,859
  • Jan 24, 2020 3:55pm Jan 24, 2020 3:55pm
Quoting 40PipsAlan
Ok guys, trading results for the week with 7 trades. Profit of almost 1.5R. big dud on EC so will go look at that again and see why I took that trade. Have a good weekend. Update:- Poor entry on the EC. I figured it was going to reverse at the 89 but it spiked up over the 365 before coming back down. My SL was just near the trend line. {image} {image}
hi every one
and hi alan
you have good results
I would do anything for 100 pips on every week
I started read pdfs you posted
thank you for hard work
also trying a m5 strategy from someone else and I want this h4 strategy too
  • #30,860
  • Jan 24, 2020 4:07pm Jan 24, 2020 4:07pm
Quoting forexdg
{quote} hi every one and hi alan you have good results I would do anything for 100 pips on every week I started read pdfs you posted thank you for hard work also trying a m5 strategy from someone else and I want this h4 strategy too
Welcome forexdg, I too would like 100 pips every week but consistency is my problem, good one week and the following week a big loss.
Study is the key to success. I intend to go thru the whole thread and make some more notes from the other masters. Hopefully we will get some guidance from the experts on this system too so that we can improve on our trading.
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