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50 +/- MACD 4hour

  • #61
  • Jun 15, 2007 1:25am Jun 15, 2007 1:25am
hi the_guvnor,

thanks for your system
i want to ask : which ones must difference 50? (1st and 2nd) or (2nd and 3rd) or (1st and 3rd)?
  • #62
  • Jun 15, 2007 7:11am Jun 15, 2007 7:11am
Quoting the_guvnor
I Have thought of this. And dont think it would be very probable that a posistion would still be open when a reverse signal is generated.

But this has given me an idea for managing the exisits of the trade.
We could look for a reversal signal on smaller time frame to close the posistion. This would give me the problem of needing to look at the charts on a hourly basis, which is not practicle at the moment.

Maybe when im trading full time. I look into this idea in the future.
Yea i figured that it wouldnt be probable. Thanks
Live today as if you will stand before God tomorrow.
  • #63
  • Jun 15, 2007 8:54am Jun 15, 2007 8:54am
Quoting billbss
I just finished a backtest for 5/31/2006 to 6/01/2007.

I used 1 lot- 1 Stop Loss and 1Profit Target

The best combination was

SL= 100 pips
TP= 60 pips

Minimum difference between the MACDs (1st and 3rd)= .00038

Results= +3540 pips

Avg. per momth = +295
Interesting! How did your backtest of a 30 pip SL, 30/45 pip TP come out for the last year? The 1.67:1 RR is a little too big for me I think.
  • #64
  • Jun 15, 2007 8:55am Jun 15, 2007 8:55am
Quoting budi_838
hi the_guvnor,

thanks for your system
i want to ask : which ones must difference 50? (1st and 2nd) or (2nd and 3rd) or (1st and 3rd)?
See posts 17 through 23.
  • #65
  • Jun 15, 2007 9:24am Jun 15, 2007 9:24am
Quoting gnllr
Interesting! How did your backtest of a 30 pip SL, 30/45 pip TP come out for the last year? The 1.67:1 RR is a little too big for me I think.
I'll run it and post it here.
Bear in mind this is not a test of the original system. I am not trading 2 lots with 2 different profit targets.
Why not? Because I don't know how to program it that way...LOL

I noticed that it can be done. If I get time I'll try to do it.
  • #66
  • Jun 15, 2007 9:30am Jun 15, 2007 9:30am
Could someone please post examples of trades they have taken showing the MACD Difference in values? I guess i am still stuck trying to determine whether or not the trade i am taking is correct. I would greatly appreciate this as well as i am sure others here would as well. Thanks so much.
Live today as if you will stand before God tomorrow.
  • #67
  • Jun 15, 2007 9:57am Jun 15, 2007 9:57am
Quoting Pippy Cent
Could someone please post examples of trades they have taken showing the MACD Difference in values? I guess i am still stuck trying to determine whether or not the trade i am taking is correct. I would greatly appreciate this as well as i am sure others here would as well. Thanks so much.
Hope this helps.
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  • #68
  • Jun 15, 2007 10:48am Jun 15, 2007 10:48am
Thanks you very much for that. That chart pretty much cleared it up. I need to take a refresher math class i should have known better than to sleep in class..lol Thanks you and everybody else here who have taken the time to help people out. Be Blessed.
Live today as if you will stand before God tomorrow.
  • #69
  • Jun 16, 2007 11:11am Jun 16, 2007 11:11am
Is this thread not a rip-off of Phillip Nel's 4hr MACD strategy,which I might add is a highly successful strategy!
No wonder Daily FX made Phillip an offer of switching his strategy to their forum,because FF allows others to bastardise a genuin:madely wonderful system. : Like the cornflower system,this is just a rip-off of Phillip's system.
  • #70
  • Jun 16, 2007 11:33am Jun 16, 2007 11:33am
Don't understand your point Doji star, every system that appears on any forum is customized and modified for the individuals use.

Just look at something like the Bago thread, basics are put in place then improvements, confirmations etc are suggested and everyone takes away what they want and what they think can help them in their trading.

Systems aren't copyrighted unless of course they are commercial offerings.

If you read through Phillips thread others have taken the patterns that they like to work with, this is along the same lines, just another persons take on what is a good system.

We are all here to help each other and make money, its a good thing that people modify / improve / enhance each others work for the benefit of all, not a disadvantage.
  • #71
  • Jun 16, 2007 11:35am Jun 16, 2007 11:35am
This whole thread is just a rip-off of Phillip Nel's 4hr MACD strategy! I'd be amazed if it lasts longer than 100 posts!!
  • #72
  • Jun 16, 2007 11:39am Jun 16, 2007 11:39am
I suppose the acid test is: does the thread starter share your ideals,or is he in it just for recognition or an undeserved pat on the back?If it is a case of "improving trades" why didn'y he post this on Philip's thread? Like others have before him?
  • #73
  • Edited 12:07pm Jun 16, 2007 11:46am | Edited 12:07pm
Quoting Doji Star
Is this thread not a rip-off of Phillip Nel's 4hr MACD strategy,which I might add is a highly successful strategy!
No wonder Daily FX made Phillip an offer of switching his strategy to their forum,because FF allows others to bastardise a genuin:madely wonderful system. : Like the cornflower system,this is just a rip-off of Phillip's system.
I think i said that this is what its based on some where. But I wanted to make trade descisons based of static number diffrences between the macd signals.
This is because it would be easier for me to code a backtest of this system. Than to analyse shapes. Also I have removed the many moving averages that he uses.

If you want to discuss this further with me you can reach me on msn.

Dean


“Creativity is great, but plagiarism is faster.”
  • #74
  • Jun 16, 2007 11:57am Jun 16, 2007 11:57am
Quoting Doji Star
or is he in it just for recognition or an undeserved pat on the back?If it is a case of "improving trades" why didn'y he post this on Philip's thread? Like others have before him?
The threads purpose for me was to build a complete plan for any future trading that I may undertake and gain valuable input and critisicm. Its not egotisical its entirely practical.

Quoting Doji Star
If it is a case of "improving trades" why didn'y he post this on Philip's thread? Like others have before him?
As far as that goes I believe this goes of at a tangent from his original thread. Why should my trading plan be in someone else's stratergy thread?
  • #75
  • Jun 16, 2007 12:35pm Jun 16, 2007 12:35pm
Quoting the_guvnor
The threads purpose for me was to build a complete plan for any future trading that I may undertake and gain valuable input and critisicm. Its not egotisical its entirely practical.



As far as that goes I believe this goes of at a tangent from his original thread. Why should my trading plan be in someone else's stratergy thread?
Public Apology ,I apologise for my STUPID post. I was reprimanded in a gentle manner for my ignorance. I'm sorry for wasting your time and energy for even answering my post! I hope you'll allow me to add something of value to your thread,and I promise I won't post unless it DOES add value.As it turned out ,great minds think alike.You and Phillip stumbled upon something successful,something slightly similar,but unique.Philip,to his credit even made a 'get out of jail' posting for yours truly. I wish you both well, please forgive me and I hope you and Phillip and everyone else on this forum continue to share your expertise. Once again,I apologise for being so 'quick on the draw' ,probably cos I've been ripped off too many times in the past.
  • #76
  • Jun 18, 2007 4:18am Jun 18, 2007 4:18am
It appears from looking back at any lossing trades that most of there entry signals are in the 0.00150 to - 0.000150 range. I can eliminate more than half the losers by only taking signals outside of this range.
This stops a few winners but seems to be worth it.

Also the 1st lot with a 30 tp isnt as profitable as the second lot.
  • #77
  • Jun 22, 2007 4:59am Jun 22, 2007 4:59am
Hello Guv,

Thanx for sharing your profitable system. This looks good for those of us with day jobs or little time to monitor trades. Just one thing I was wondering about and that is my broker has the 4H bars at 6,10 & 2, wheras your bars are at 8,12 & 4. Does the system work irrespective of brokers 4H Bar setup?
Thanx again
Happy Day
TORAG
  • #78
  • Jun 25, 2007 9:33am Jun 25, 2007 9:33am
Dean,

You still here? I've backtested 2007 with these results so far for your +/- 150 adjustment:

Jan + 333 pips
Feb + 38 pips
Mar + 68 pips
Apr + 720 pips

Not too shabby...It's certainly a profitable system (like with all systems, have good money management though).

I was taking every signal even if there were trades already opened. Also, position 1 TP was 30 and position 2 TP was 45.

Anything new?

Glen
  • #79
  • Jun 25, 2007 12:30pm Jun 25, 2007 12:30pm
Glen, What is the +150/-150 adjustment? I understood he was not taking trades in the zone on the MACD between .00015 and -.00015. Is that what you did or something else. Maybe I misunderstood the filter. Thanks for the good work... good results.
  • #80
  • Jun 25, 2007 4:25pm Jun 25, 2007 4:25pm
Quoting mikeh3855
Glen, What is the +150/-150 adjustment? I understood he was not taking trades in the zone on the MACD between .00015 and -.00015. Is that what you did or something else. Maybe I misunderstood the filter. Thanks for the good work... good results.
Almost. Don't take the trades between 0.00150 and -0.00150. If the time to enter a trade was 8am and the MACD difference was outside this zone, I would take the trade. My backtest data includes taking every signal. For example, if I entered at 8am and there was another signal at 12pm (or 4pm or 8pm), then I'd take that too...just curious to see how the system would perform on every signal.

I've finished backtesting to today and thus far the month of June is not too good with the system: -202 pips. Still, overall monthly pip average is +180.

Some more interesting data:

Average # Trades/Month: 32.3
Average # Winners/Month: 17.3
Average # Losers/Month: 15.0

Hope this helps.

Glen
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