4 Hour Strategy (MACD) | Page 275 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

4 hour strategy (the nausbot - 4 hour trader) 25 replies

4 Hour Strategy Macd+other Indicator 21 replies

X-1102 1 hour , 4 hour and daily Tf trades 7 replies

Create a verticle line at certain hour for every certain hour 16 replies

Is the "4 Hour Strategy (MACD)" the best system here at FF? 20 replies

Attachments: 4 Hour Strategy (MACD)
Exit Attachments

4 Hour Strategy (MACD)

  • #5,481
  • Edited 7:53am Jun 29, 2007 7:47am | Edited 7:53am
Hi Degitaldean,

You just made me feel how lazy I was today ! I did not even try to find the current support line you have drawn.

How about this upper trendline for your target ?

ps : I just hope that you could post your thought before positioning yourself before this move !
Attached Image
  • #5,482
  • Jun 29, 2007 8:18am Jun 29, 2007 8:18am
Quoting kappa
Hi Degitaldean,

You just made me feel how lazy I was today ! I did not even try to find the current support line you have drawn.

How about this upper trendline for your target ?

ps : I just hope that you could post your thought before positioning yourself before this move !
Hi Kappa,

Yes I spend a huge amount of time talking to my charts (no one else wants to listen to me talking about the markets..)

I closed the position at the daily price pivot for 74 pips, the average daily range has been fulled so i think it will retrace a bit baybe?

I will look for another entry on a TC.

Anyway back to talking to my charts

-D-
  • #5,483
  • Jun 29, 2007 9:48am Jun 29, 2007 9:48am
DigitalD:

I've been looking at the average daily range as well for probable movement. What period do you use???
  • #5,484
  • Jun 29, 2007 10:00am Jun 29, 2007 10:00am
Hi Phil, awhile back you back tested this system using daily chart. Can I use the same rules applied to the daily chart? are there any changes to MACD settings for this time frame?

many thanks,
  • #5,485
  • Edited 10:50am Jun 29, 2007 10:43am | Edited 10:50am
I think these indicators spoke very clearly I went short 106.57 and after US/CAD closed below the 100 SMA using 30 pip trailing stop closed at 1.0498 159 pips profit and went long @1.0500 and closed @1.0621 with 30 pip trailing stop.. What a nice 24 hours of trading.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_001.jpg Size: 69 KB
  • #5,486
  • Jun 29, 2007 1:37pm Jun 29, 2007 1:37pm
Quoting Palmer
DigitalD:

I've been looking at the average daily range as well for probable movement. What period do you use???
Palmer,

I dont use any really, but i know in my head its around 70-80 on the EURUSD i think. I might try to find an indicator to show it on the chart in the corner or something.

-D-
  • #5,487
  • Jun 29, 2007 3:19pm Jun 29, 2007 3:19pm
Some really nice trading today by our forum members! Congrats on the pippage!!

Ira:

Here is the pdf of the MP3for Lesson 5 Post 4341....I combined the MP3 w/Phillip's pdf. chart examples...don't know why I didn't think of that earlier...that way the references are in 1 place....

& Again...Phillip...Didn't realize how fast you talk ( ).....Thought you were pretty mellow until I tried to write word for word....Yikes...I have a new found respect for all the transcriptionists of the world!

Good weekend to all!

Pips
Attached File(s)
File Type: pdf Lesson 5 part 2 TL MP3 & PDF ex.pdf   134 KB | 1,258 downloads
  • #5,488
  • Jun 29, 2007 3:21pm Jun 29, 2007 3:21pm
Quoting ramrocket
Hi Phil, awhile back you back tested this system using daily chart. Can I use the same rules applied to the daily chart? are there any changes to MACD settings for this time frame?

many thanks,
ramrocket...

Look a few pages back...Phillip has a skype group to discuss daily and think he is in process of setting up a thread for it....

As far as I know all parameters are the same as the 4 hour....

Hope this was helpful
  • #5,489
  • Jun 29, 2007 3:37pm Jun 29, 2007 3:37pm
Hi Phillip!

Just wanna say your teaching is really the best I have learned so far!

Dear Friends and all,
I really appreciate the learning together, I hope I could contribute to the learning too!

I'm living in Singapore and using InterbankFX. So the MT4 I'm using is in GMT, whereas I am living at GMT+8 zone.
Nonetheless, The signals given is "trade-able"!

I am still catching up my reading of this thread, but so far so good! Phillip is the best teacher I had on Forex Trading!

For those who wonder if the 4hr MACD works, I have attached my demo account details, not very impressive, but it is profitable to trade just based on Phillip's strategy.

May all of us have an enjoyable weekend!

God bless!
Attached File(s)
File Type: pdf DetailedStatement.pdf   229 KB | 1,193 downloads
  • #5,490
  • Jun 29, 2007 3:42pm Jun 29, 2007 3:42pm
Hi all

This is another example of using 1H to support 4H and entering early to the trade .. Best wishes

Ammar
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 54 KB
Click to Enlarge Name: 1.jpg Size: 70 KB
  • #5,491
  • Jun 29, 2007 4:44pm Jun 29, 2007 4:44pm
Pips, Philip, Palmer and anyone interested.

Ive been backtesting something for the MACD system that i have been thinking about for a while now and it seem quite profitable.

Ive always wanted to add to my winning positions but never really got the MM down right along with entry, what i have been testing is adding to new positions that are over 80 pips in profit on the EURUSD. This is done at retraces to the 21 ema on the 1H. I have grown to really love the 1H retrace, If I miss the signal on the 4H due to the train leaving before i can hop on with good r-r then i keep an eye on the 1H.

I have backtested the 1H retrace on its own for a good period of time over the EURUSD & USDJPY, I like to always trade the touch of the 21 ema without using the MACD signal. I know this is not the rules but It works for me and after so much testing i have a good feel for the setups.
I use a 10 pip stop plus spread and i find that if the trade goes beond that then there is a very good chance that it will not play out, after 10 pips profit i move stop to b/e.
I took 3 of these this week 1st.b/e 2nd.+20 3rd+30.

SO anyway what do you guys & Girls think about the adding to positions??

Would be interested to know if Philip does this at all?

Right back to my charts.... OH MY GOD it friday the markets closed what am i going to do for 2 days now???? I know il back test

Enjoy your weekend and i hope next week brings some good trades for you all.

-D-
  • #5,492
  • Jun 29, 2007 5:10pm Jun 29, 2007 5:10pm
Hello people. glad to see some of you made good pips today. here is the tape script of lesson 4 , 6, and 7 . page 290,

Market Rhythm -lesson 4 -post number 4339.
Market Emotion- lesson 6-post number 4343.
Flight preparation-lesson 7- post number 4344.
dont know how to attatch the charts with it like PIPS the great did, but i guess you guys can print them out from the original post numbers as mentioned above.. Hope u dont have any problems opening these attatchments .thanks and good luck.
Nadia.
Attached File(s)
File Type: doc Market rythem.doc   48 KB | 1,082 downloads
File Type: doc Market Emotion.doc   32 KB | 919 downloads
File Type: doc FLIGHT PREPARATION.doc   48 KB | 902 downloads
TRADE WHAT YOU SEE... FOCUS ON SUCCESS
  • #5,493
  • Jun 29, 2007 5:27pm Jun 29, 2007 5:27pm
Quoting Digitaldean
Right back to my charts.... OH MY GOD it friday the markets closed what am i going to do for 2 days now???? I know il back test

Enjoy your weekend and i hope next week brings some good trades for you all.

-D-
Speaking of backtesting......

I am still in the process of reading through the thread, having reached post #2000 so far. I haven't done much backtesting except a little fooling around, but I want to begin to seriously, possibly this weekend, and I have a question for you more experienced in this 4H method.

When you do your backtests, do you attempt to replicate current conditions at the time, such as pivot points, news events, etc., or do you test strictly on the MACD signals and price in relation to the MA's?

Thanks all, and have a good weekend.

Richard
  • #5,494
  • Jun 29, 2007 5:30pm Jun 29, 2007 5:30pm
Quoting Day_Tripper2
I think these indicators spoke very clearly I went short 106.57 and after US/CAD closed below the 100 SMA using 30 pip trailing stop closed at 1.0498 159 pips profit and went long @1.0500 and closed @1.0621 with 30 pip trailing stop.. What a nice 24 hours of trading.

Thats not even the 4 hour strategy MACD indicator...
  • #5,495
  • Jun 29, 2007 6:12pm Jun 29, 2007 6:12pm
Quoting Richard7
Speaking of backtesting......

I am still in the process of reading through the thread, having reached post #2000 so far. I haven't done much backtesting except a little fooling around, but I want to begin to seriously, possibly this weekend, and I have a question for you more experienced in this 4H method.

When you do your backtests, do you attempt to replicate current conditions at the time, such as pivot points, news events, etc., or do you test strictly on the MACD signals and price in relation to the MA's?

Thanks all, and have a good weekend.

Richard
Hi Richard7,

Yhe way i do it is back test each patteren that way i know when one occors my % chances of winning, I do this candle by candle. I dont bother with support and resistance while back testing because i know that if it is profitable then it will be really profitable once i filter the trades and only take the best ones..

f12 on MT4 is to move candle by candle... hope this helps you out alittle, my testing shows that on the eurusd if you only take ever rounded top/bottomwith min 4 bars then you will be very profitable regardless of if you filter the trades.

Lower highs are also nice.

have fun

-D-
  • #5,496
  • Jun 29, 2007 6:14pm Jun 29, 2007 6:14pm
Quoting Day_Tripper2
I think these indicators spoke very clearly I went short 106.57 and after US/CAD closed below the 100 SMA using 30 pip trailing stop closed at 1.0498 159 pips profit and went long @1.0500 and closed @1.0621 with 30 pip trailing stop.. What a nice 24 hours of trading.

This has nothing to do with the system of this thread, also i dont see how your second trade was signaled by your indicators??

-D-
  • #5,497
  • Jun 29, 2007 6:48pm Jun 29, 2007 6:48pm
Nice, very frequent trading and 100% won... BUT you deposited 1000 dollars and from what I can see you trade whole lots, so your pip is worth 10bucks?.... Hm I would call that a "very" aggressive money management.
Sort of kamikadze style:-)

Also, some of your trades are just 2,5 or 6 pips up... taking whole lot this gives you measurable profit comparing to the 1000 base investment. However, I guess this is not very "according to the book" example.

Anyway, with 100% won you can do anything you wish of course:-)

elmer



Quoting sgfxtrader
Hi Phillip!

Just wanna say your teaching is really the best I have learned so far!

Dear Friends and all,
I really appreciate the learning together, I hope I could contribute to the learning too!

I'm living in Singapore and using InterbankFX. So the MT4 I'm using is in GMT, whereas I am living at GMT+8 zone.
Nonetheless, The signals given is "trade-able"!

I am still catching up my reading of this thread, but so far so good! Phillip is the best teacher I had on Forex Trading!

For those who wonder if the 4hr MACD works, I have attached my demo account details, not very impressive, but it is profitable to trade just based on Phillip's strategy.

May all of us have an enjoyable weekend!

God bless!
  • #5,498
  • Jun 30, 2007 1:40am Jun 30, 2007 1:40am
Quoting Richard7
Speaking of backtesting......

When you do your backtests, do you attempt to replicate current conditions at the time, such as pivot points, news events, etc., or do you test strictly on the MACD signals and price in relation to the MA's?

Richard
Hi Richard

I read (in one of Palmer's posts) that you should try printing a screenshot showing about a month or two's candles.I'd suggest that you then ,using good old pencils and rulers,establish your trendlines ,establish price action,look at candlestick emotion,MA's,etc and without cheating,see which trades you would've taken under MACD system,while keeping record of wins,losses,a-la Philip's first exercise.
Another poster (ttitto) suggested that it's difficult using the F12 button on MT4 because you always see half of the next candle.He also suggested that it's extremely difficult to backtest the system mechanically because you have to consider R:R ratio,position of MA's,trend,emotion,etc.These are all things you can't 'mechanise' for backtesting purposes.
It's a lot of work,but good practice and you'll be the better trader for it.
  • #5,499
  • Jun 30, 2007 4:41am Jun 30, 2007 4:41am
Quoting pips4uandme
Some really nice trading today by our forum members! Congrats on the pippage!!

Ira:

Here is the pdf of the MP3for Lesson 5 Post 4341....I combined the MP3 w/Phillip's pdf. chart examples...don't know why I didn't think of that earlier...that way the references are in 1 place....

& Again...Phillip...Didn't realize how fast you talk ( ).....Thought you were pretty mellow until I tried to write word for word....Yikes...I have a new found respect for all the transcriptionists of the world!

Good weekend to all!

Pips
Thank you Pips, BIL and Ira, the transcriptions are great and especially you Phillip for creating all those.
  • #5,500
  • Jun 30, 2007 9:20am Jun 30, 2007 9:20am
Hi all

Any one comments .. GBP/USD faced a montly and weekly trend line ..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 45 KB
Click to Enlarge Name: 2.jpg Size: 41 KB
43 traders viewing now