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Simple MACD system based on 2 channels

  • #101
  • Aug 28, 2007 4:52am Aug 28, 2007 4:52am
Quoting investor_me
Hi again folks.

After working hard on the pivotmagic EA (which is getting popular every day), I found that simpler mechanisms are probably better for profit in the long run. I therefore developed an extremely extremely simple system based on 2 MACDs:

MACD1 is to identify the entry point: When the MACD moves from - to + do a buy and if it goes from + to - go do a sell. The fast and slow MAs are 1 point apart and should be quite high (250+)

MACD2 is to get the exit point: It's fast MA is always 100 but the slow one is the one used for MACD1. Once the value reaches the peak during the first cycle if it is a buy or a pit during the first cycle if it is a sell, then close the deal with profit. If the state is not profitable, just leave it.

In case MACD2 didn't produce profit, wait for a specific period (wait_time_b4_SL) and then exit with the least loss possible.

Check the code and you'll understand how this one works. The paramenters are good in default for EURUSD M5 charts. But you can always check other values, particularly MACD values.

Attached is also a test result for EURUSD during (4/7-6/26 2005). Really impressive!


Good testing for you all... and please update me with progress!

Attached is the source code. Please post comments/results when possible!

i_me

Hello Investor-me. This is great.I am testing this allright.Absloute amazing! It is really working. After mastering some installation problems, but now this really works. I don`t have to do anything at all. I even get the buy/sell signals dotted on screen..Really great stuff.
Would it be possible to get an alert sound integrated? Philcarib
  • #102
  • Aug 29, 2007 3:44pm Aug 29, 2007 3:44pm
investor_me provided "simple-macd-500.zip" as a visual aid to see how trades are triggered. My broker FXDD Mt4 does not allow 3rd party indicators. Can anybody help out on this? thanks
  • #103
  • Aug 30, 2007 12:57am Aug 30, 2007 12:57am
Quoting river7
investor_me provided "simple-macd-500.zip" as a visual aid to see how trades are triggered. My broker FXDD Mt4 does not allow 3rd party indicators. Can anybody help out on this? thanks
You can use any indicator that is written for MT4 with the FXDD MT4 platform. FXDD does still support MT3 but I don't think MT3 indicator files are the source of your problem. Did you open the zip file? What extensions did the files inside have? What folder did you save the contents of the zip file to? Are you sure you received indicator files not expert files?
  • #104
  • Aug 31, 2007 4:29am Aug 31, 2007 4:29am
I got the above visual indicator from day2#28. When I unzipped it, I got "simple-macd-500.tpl". It's not in the meta-editor. I couldn't find it in the navigator. I really don't know where to save it to, in meta-trader4.
The simple-macd v.1.3 is running on metatrader4. The EA icon, blue saucer and green circle with a white triangle, is on. I got the smiling face on upper right corner. Yet I haven't gotten any trades so far, on 5min or any timeframe. Oh, I want to thank you for your help. I sure appreciate all the help offered here.
  • #105
  • Sep 1, 2007 1:21am Sep 1, 2007 1:21am
river7,

I got your email. I need to read the thread and look at the EA's code before I can answer your emailed questions properly. I'll get back to you in a day or two.

As far as the template file, *.tpl, you need to save it to the template folder that is directly under the MetaTrader folder. The folder is on the same level as the experts folder. For example C:\program files\MetaTrader 4\templates. After you save the *.tpl file to the disk re-start MT4. Open a new chart. Right Mouse click in a blank area of the new chart and select templates from the menu. Then select the template file you just saved. There are several other ways of applying a template to a chart that work just as well.

As far as the EA goes - If you have the smiling face then the EA is loaded and operating. I have to think on what the blue saucer is. I'll cover the other things by email
  • #106
  • Sep 2, 2007 12:33am Sep 2, 2007 12:33am
nvwine, I got the above visual aid going. The blue saucer is the EA icon to the right of the meta-editor. I was told by FXDD tech-support that when EA is not on, that icon would turn red. So according to the visual indicator, whenever histogram crosses zero up, a buy would occur and close on first peak. A sale occurrs on zero cross downward, and closes on first bottom peak. Now if I only could get the EA to trigger some trades. Thanks for the progress so far. I sure appreciate it. One of these days, maybe I will even learn to write a simple program.
  • #107
  • Sep 10, 2007 3:26am Sep 10, 2007 3:26am
Quoting americanteek
its not an indicator, its an expert advisor
pls excuse me.
  • #108
  • Dec 19, 2007 2:41pm Dec 19, 2007 2:41pm
I think this thread had some good info but it all the sudden just died anyone still using the EA
I have tested it and it si doing pretty well for me....

M4x
M4X............ Hedging My Way To Profits!
  • #109
  • Jan 22, 2008 5:38pm Jan 22, 2008 5:38pm
Thanks for sharing. I am grateful.
  • #110
  • Mar 24, 2008 9:31pm Mar 24, 2008 9:31pm
I relize that I am being a bit late to this thread and this system and thread may be dead but I thought I would try this EA on one of my demo accts for a couple of weeks. It is my opinion after setting up and using this EA that it is worthless. I made no changes to the system other than lot size (.2), used 1.3V,
EUR/USD, 5min chart, results ---16 trades/16 Losses.
If no one is using this system any more I can see why, however if anyone has made changes to the system and fells it works I would love to try it.
  • #111
  • Jun 26, 2008 2:57am Jun 26, 2008 2:57am
Quoting investor_me
It is not restricted to any pair. Try it on all major ones. But the default values were for M5. Good luck testing
i tried this EA on EURNOK and it does not work. any ideas???
  • #112
  • Jun 26, 2008 3:08am Jun 26, 2008 3:08am
Any template or pic to see how t indicator looks like??
  • #113
  • Jun 26, 2008 3:15am Jun 26, 2008 3:15am
investor me....

i have tried to backtest version 1.3 and it does not seem to open any orders.

i have tried on several different macds and in different time frames with the same result. no orders are executed.

is there a new version 1.4 that you have come out with?

"inquiring minds want to know."
  • #114
  • Jun 27, 2008 8:55am Jun 27, 2008 8:55am
is investor me still around?
  • #115
  • Sep 22, 2008 10:56am Sep 22, 2008 10:56am
I loaded the ea and the boxes open with the specs to change the settings but i cant see the ea initiate to trade .Can anyone help me plz ?Maybe ill also try to add the macd indicator i seen provided in this thred also .Any tips pls reply .
  • #116
  • Nov 8, 2008 2:10pm Nov 8, 2008 2:10pm
This is from the guys at PFX.
Attached File(s)
File Type: pdf PFX - bonus_report_macd_strategy PFX 10 pgs.pdf   403 KB | 1,941 downloads
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #117
  • Nov 9, 2008 12:22am Nov 9, 2008 12:22am
Quoting blunderbuss
This is from the guys at PFX.
I don't know anything about the rest of this thread or the system... but the PDF in the above post is a good read, again don't know how well what they are taking about works but it's well written and has some good info in there!
  • #118
  • Nov 10, 2008 12:30pm Nov 10, 2008 12:30pm
I have more .pdfs. Have some!
Attached File(s)
File Type: pdf SFO - tech analysis good for all occasions (sfomag) Nov 2006.pdf   923 KB | 1,040 downloads
File Type: pdf ACTIVE TRADER - Cashing-In-On-Short-Term-Currency-Trends.pdf   255 KB | 1,072 downloads
File Type: pdf TAS&C - Pivot-Points (TAS&C).pdf   271 KB | 989 downloads
File Type: pdf TAS&C - Support and Resistance Precision (TAS&C).pdf   299 KB | 1,328 downloads
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
  • #119
  • May 4, 2009 3:52am May 4, 2009 3:52am
Hi , seems thread is stoped, its not working for me , there is no orders triggered pls correct if something wrong in below steps

01. Copied simple-macd-EA_v1.3.mq4 in expert folder, complied no errors
02. Copied template simple-macd-500.tpl in both experttemplate as well in expert folders
03. restart platform
04. Parameters Lots=1; TrailingStop=55; MACD_level=500; MAGIC=123456; tp_limit=100; wait_time_b4_SL=10000;

I dont see any activity , no orders ?

Any clues freinds
Rgds
Suri
  • #120
  • Jun 6, 2010 6:50am Jun 6, 2010 6:50am
I attached this EA to my demo account a week before and so far there have been only two trades ... EUR/USD M5. First brought in 830$ i.e., 83 pips from 31st May ... and the other was executed on Friday and brought in 243 pips ... but what has been is the strategy itself ... what is the strategy behind this system if you will only share with us ... I need to determine what stop loss it usually uses. The parameters given in the first page 259,260,9 and 100,259,9 do not match the execution of trades nor they match the exit point. So please if you could take the trouble in sharing the manual system or actual conditions behind the strategy with us ... it would be highly appreciated.

Thanks.
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