300+ pips MACD strategy Poll

We can see that this thread has 1000's of posts and seems to be popular among FF users.

Now here is the confession thread. How has this strategy been to you?

The 4 hour MACD strategy is excellent. The key to trading it profitably, imho, is in setting reasonable s/l based on support/resistance (not fixed), giving your trade time to develop and managing it. It's not an easy system, but it is extremely profitable if you can learn the market rhythm Phillip teaches, use price action and confirm momentum w/MACD. If you can excercise discipline and patience, then the system really works well. If you need to enter a trade everyday then it probably isn't the system for you.

For me, personally, it was exactly what I was looking for and fits my trading style well. Phillip also taught me how to let my trades run...without taking on extreme risk. This alone has added hundreds of pips to my account per month (usually from 1 or 2 good moves during the month).

Happy trading,
Pips

Read the pdf file, which is exactly the same as it has been since day 1. Then, print out six months worth of 4hr charts with the indicators. Go back to those 4hr charts and make notes on them based on what the method describes. There have been a few months where I made close to 300, maybe 50 or so short, but that is closer to 300 vs. 100. There are losses but the rules keep those to an acceptable level. Phillip has done a tremendous amount of work with this thread and is one of the most dedicated people I have 'met' even though I know him by text only.

Trade Well

using MACD on H4 is like playing chess...need set up and need alot of patience...its a boring game until u win those game...so what happen if u lose those game?...time wasting?ur dignity scrached?

if u ask me im a rally car gamer...always drifting...sometimes i drift well and sometimes i hit the wall...one thing that i sure is i will be on the finish line on the right time...

I utilize MACD, but as already stated, a 4 hour chart needs lots of patience without expecting to trade daily. I do, however, use the MACD along with a couple of other indicators that works very consistently. 300 PIPS a month is a piece of cake.

Could you please elaborate more on your specific system and these 2 indicators ? Thanks a lot ! scardi

I am new to forex but was lucky enough to find this system. It requires a lot of patience and dedication. Still in my first month of learning. will let u know when i make my first 300 pips. but there are people who have learned and are reaping the rewards. Phillip is an amazing teacher. . I made 75pips yesterday. This system is not for everyone but if it suits your trading style then u are on your way to success.
Good Luck!!!

This is my very first post on FF.I've been following the MACD thread since it's inception.I think it is very possible to earn 300 pips albeit by only trading one pair.This system folows the 'rules' and advice of experienced traders on FF,for e.g. R:R ratio should be good,let your profits run,know your entry,exit points,to name a few.Added to that the fact that phillip helps you through it with Daily Wrap-Ups, Lessons,etc helps you see where you went wrong.It's not the holy grail of trading,but it has been proven via backtesting and i myself have been forward testing it on a demo account.I've made 687 pips profit since 16 April 2007 trading only the EURUSD.Not quite 300/month yet but I'm getting there.

I think 300 pips is easily attainable for those traders trading more than one pair.Having said that,Philip advocates 'getting to know one pair' before adding another to your arsenal.
I have also seen aspects of this system on other threads,but I'm impressed with this strategy as EVERYthing w.r.t. making the trade gets addressed by the strategy.I'm talking about price action,being able to 'read' candlesticks,market emotion,trendlines.So before you pull the trigger,you've already done your homework.As your experience with MACD system grows and you get more accustomed to reading price action,etc,you get to know when to stay out of the market.This is perhaps the most valuable lesson I've learned from Phillip.
It's high probability trade follows the trend,and is reminiscent of a typical retracement strategy.As we all know,this type of trading has been proven to be highly successful over the years.
I'd recommend Phillip's thread to traders young and old,experienced or newbie.I've a feeling this thread is going to go on and on.
To Phillip,I'd like to say thank you for being so extremely generous and giving of your time and energy.I ,and so many others ,really appreciate it.

Doji Star.

Hi Mr Demark, might you happen to be the Mr Demark, the eminent author of "The New Science of Technical Analysis? If so I am humbled by you sir. BTW, i am getting along pretty well with the 4hr MACD strategy, last month about 140 pips.

Doji Star has said it all. Thanks Phillip.

master Phil has indeed taught us well..

I don't usually post, but this strategy has worked so well I have to pass on the pips!


Ive been trading full time since the new year, and have tested a few systems. I think the trick is to find something that works and tweak it to fit your trading style. Personally, I mixed this MACD system with VyNNer's 4h trade plan.

http://www.forexfactory.com/showthread.php?t=19867

I made a few variations on the rules to minimize loss (sometimes results in missed trades, but nothing to cry about)
I only trade the MACD signals in the direction of the trend except for rounded tops/bottoms. (I determine the trend with the daily stochastics, VyNNer's settings)

Enter a trade on the open of a new 4h candle, when price beats recent highs/lows. its hard to get a feel for where price is on a 4 hour chart, so I drop down to a 3rd trade plan, the 5 minute intra day system! (i switch back and forth between 5 and 15 minute)

http://www.forexfactory.com/showthread.php?t=11854

I watch 10 currency pairs, there's usually something interesting happening on at least one of these : EUR/USD, GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/CAD, EUR/JPY, AUD/JPY, NZD/JPY, CAD/JPY.
*when your new you should get the feel for the majors first

but like any other plan you need to control your emotions, since your trading a longer term time frame price might go against you in the short term; thats why your entry and exit strategy need to be planned in advance. There's plenty of time for this, because if its a valid signal you can see it coming the candle before; giving you a few hours to prepare.

This is a pretty complicated system, so if you decide to test it out please use a demo account until your 100% confident.


by the way, right now I'm +56 pips on EUR/USD, +41 pips on USD/CHF.
300 pips per month is very possible.


Happy Trading,

€€€

I personally do not use the MacD system but I do get over 300 pips a month . I use break outs of past supports and resistance, trend lines, weekly daily fib retracements ,some hedging strategy, daily and weekly average range for entry and exits. But I have as the result of Phillip's 4hr thread incorporated the 21 and 89 ema. Also I try to follow all of his posts as well as a couple of others on the forum to learn trading strategies, market motion and trading discipline. Listening to his approach on trading has helped with how to view trading in general. He also brought out the gbpusd weekly and how it does retrace to the 21 ema and to keep an eye on it before it started falling. Was able to pick up pips as a result of that little nugget of gold. So over all his thread has contributed to helping my trading and getting more pips.

I have only followed Phillip's system for the last 5 or 6 mths and have traded it exclusively for the last three. I'm not yet at 300 pips but I am well on the way and psychologically its been very good for me. I am still not entering all the trades that I could and I am a part time trader. By this I mean I am not able to watch all signals forming and even when they do form I am still uncertain as to where to set profit targets and stop losses because of the other factors such as Support/resistence lines and of course the news.

I will return in the next month to this thread to give you guys an update but I'm definitely on the way

I've been trading using Philip's 4hr MACD system exclusively for the last 7 months , of which first 4 months were purely on demo, later 2 months were demo + live and full on live since january 2008.

Demo months: Average over 300pips per month, worst performance was in Aug2007 (but was the month i felt i learnt most), Apart from that live account returns are in the double digit figure monthly.

Prior to June 2007, i have almost zero trading knowledge or experience. 4hr MACD system and contributors of the thread itself have directly influence my learning curve in trading of which i believe i have made rapid growth in my trading skills and knowledge.

This system works definitely. However, you need to customize your own trading plan to fit your personality and whatever that works best...ie your trading edge...

There is an arsenal of weapons in technical analysis which are used in this trading system. Be it trendlines, fibo , MAs, price action, candlestick formations, they all work...but you need to backtest, forward test which one works the best FOR YOU...i have to emphasise on that this system works and is profitable BUT you need to customize it to yourself in order to have a strong edge.

Last but not least, thank you Philip for your wisdom, generosity and kindness. Also the regular contributors Donna (pipsforyouandme) , Palmer, Nadia (BIL2205), ryanmcd and many others...thank you ...i felt i've learnt so much from the thread and you guys are fundamental in my formative year in trading!

I think I can.I know i will

lol those could be your last words before you walk off a cliff.....

Is there a summary of this 4h macd system, that does not consist of 25 pages like the original explanation of the system? Are there strict rules about them?

Seems it would be easy enough to develop an automated trading strategy out of this system, does anyone know of one?