4 Hour Strategy (MACD) | Page 687 | 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)

  • #13,721
  • Apr 16, 2008 5:37pm Apr 16, 2008 5:37pm
Quoting Phillip Nel
The triangle indicated a possible breakout to the top so did not take profit at TL. Stoploss just below the TL.
Thanks, but in my opiont I consider the candle previous your enter canle as the entry candle. I am nevous when face the start of your entry canlde because I think the trend has started already, it maybe retrace and nail me. I think I still have some misunderstand about zerobreak and zeroboucn singal for which is the singal candle and which is the entry one.
Plan your trades and trade your plans
  • #13,722
  • Apr 16, 2008 8:47pm Apr 16, 2008 8:47pm
Hi, I am beginner in fx, and i found this thread, and trading syste quite interesting.

I would like to know what's the meaning of the wording around the MACD, like VT, RB, RT, TC, i downloaded MACD_ColouredV105.

Also, for TRIX, how do we read it?

Also, I read from your post, there is an indicator to show either long or short, but i can't find it, can you please attach for me?

Thank you.

Zack
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0188.jpg Size: 136 KB
  • #13,723
  • Apr 16, 2008 8:48pm Apr 16, 2008 8:48pm
This is the one...
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Apr. 17 09.43.gif Size: 43 KB
  • #13,724
  • Apr 16, 2008 10:09pm Apr 16, 2008 10:09pm
I thought the question was relavent because technology has changed allowing individuals to participate in currency trading. FX was not nearly as accessible 5-10 years ago, so the backtesting 5-10 year ago may not be a fair assessment of the MACD system. I don't know and I'm not sure of many things when it comes to currency trading. I'm still faily new to this, so I'm looking for support, guidance, and an education. By the way, I used to be a professional athlete, so I do have some idea of what commitment and sacrifice means.

Quoting maxster
Do you realize how odd or uncommitted that question is? That is like a person that wants to be a pro basketball in the NBA asking his coach how long do I need to practice or do I need to practice.

If you want to make it replay every 4H bar using the F12 key concentrating on TC - do this every week for 1 year of data. Then next week pick a different year. Repeat this for months and months - you will start seeing things that will sharpen your edge.
  • #13,725
  • Edited 1:18am Apr 17, 2008 1:05am | Edited 1:18am
boght usdcad near the daily TL and after the CT in H4 in oversold area and R:R:1
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 26 KB
  • #13,726
  • Apr 17, 2008 2:21am Apr 17, 2008 2:21am
Quoting sleewc
Hi, I am beginner in fx, and i found this thread, and trading syste quite interesting.

I would like to know what's the meaning of the wording around the MACD, like VT, RB, RT, TC, i downloaded MACD_ColouredV105.

Also, for TRIX, how do we read it?

Also, I read from your post, there is an indicator to show either long or short, but i can't find it, can you please attach for me?

Thank you.

Zack

Welcome to the thread,

VT = V top
VB = V bottom
RT = round top
RB = round bottom
ZB = zero bounce
BOZ = zero break (I may have these 2 mixed up, check on your chart and it will be obvious which is which, I never actually look at the labels because the patterns speak for themselves!)

If you are interested in trading the 4hr system, you must go to the first page and work through all the posts listed there. You cannot possibly succeed with this system if you do not put the research time into it.

Sorry, I have no idea what TRIX is, can anyone else answer that?

I'm not aware of a long or short indicator either. The chart patterns and rhythm are your indication for long or short. This system requires human interpretation and application. It doesn't have any type of mechanical indicators as far as I'm aware. I'm sure someone will let me know if that's not the case!
May all your pips grow into great big fruitful trees
  • #13,727
  • Apr 17, 2008 2:29am Apr 17, 2008 2:29am
Quoting Bag Lady
Welcome to the thread,

VT = V top
VB = V bottom
RT = round top
RB = round bottom
ZB = zero bounce
BOZ = zero break (I may have these 2 mixed up, check on your chart and it will be obvious which is which, I never actually look at the labels because the patterns speak for themselves!)

If you are interested in trading the 4hr system, you must go to the first page and work through all the posts listed there. You cannot possibly succeed with this system if you do not put the research time into it.

Sorry, I have no idea what TRIX is, can anyone else answer that?

I'm not aware of a long or short indicator either. The chart patterns and rhythm are your indication for long or short. This system requires human interpretation and application. It doesn't have any type of mechanical indicators as far as I'm aware. I'm sure someone will let me know if that's not the case!
I see a word at the chart in this thread could it be an indicator that recognise the formation of macd.......exp:vt............
  • #13,728
  • Apr 17, 2008 2:42am Apr 17, 2008 2:42am
Quoting bshadroo
boght usdcad near the daily TL and after the CT in H4 in oversold area and R:R:1
Hi,
I long that too.the other reason is 1.00.But we have 1 news at 7EST for CAD and 1 important news about US at 8:30 EST.
I keep my SL tight

Thanks
Mike
Failure, is a wonderful teacher!
  • #13,729
  • Apr 17, 2008 3:15am Apr 17, 2008 3:15am
Quoting mike1349
Hi,
I long that too.the other reason is 1.00.But we have 1 news at 7EST for CAD and 1 important news about US at 8:30 EST.
I keep my SL tight

Thanks
Mike
i closed it -2,didnt fell good with it.prefer to buy eu
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.gif Size: 41 KB
  • #13,730
  • Apr 17, 2008 3:18am Apr 17, 2008 3:18am
EURUSD
LONG 1.5939
STOP 1.5909 (-30)
LIMIT 1.6000 (+61)

Long EURUSD based on 1 hour early entry open 8:00 GMT. Morning star formed on the 1 hour at the 7:00 GMT candle. Morning star on the 4 hour as well (and bounce off 8EMA). 4 hour MACD has not given a TC, but anticipated possible TC to develop. Will adjust stop appropriately to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: 9_EURUSD_Apr_17_08_4hr_1hr_1A.GIF Size: 31 KB
  • #13,731
  • Apr 17, 2008 3:53am Apr 17, 2008 3:53am
hope palmer sees this H1 trade and tells me how he thinks. i entered in the last H1 after the puulback to the TL.
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.gif Size: 15 KB
  • #13,732
  • Edited 5:43am Apr 17, 2008 3:55am | Edited 5:43am
Quoting Nipper
EURUSD
LONG 1.5939
STOP 1.5909 (-30)
LIMIT 1.6000 (+61)

Long EURUSD based on 1 hour early entry open 8:00 GMT. Morning star formed on the 1 hour at the 7:00 GMT candle. Morning star on the 4 hour as well (and bounce off 8EMA). 4 hour MACD has not given a TC, but anticipated possible TC to develop. Will adjust stop appropriately to BE.
Edit 1: Move stop to BE: 1.5939
This is single lot trade, so unable to take half profit at (+20/+30)
Edit 2: Stop hit at 1.5939
  • #13,733
  • Apr 17, 2008 4:05am Apr 17, 2008 4:05am
is there any indicator that can recognise the formation of the MACD?
  • #13,734
  • Apr 17, 2008 4:35am Apr 17, 2008 4:35am
Quoting Morelands
I thought the question was relavent because technology has changed allowing individuals to participate in currency trading. FX was not nearly as accessible 5-10 years ago, so the backtesting 5-10 year ago may not be a fair assessment of the MACD system. I don't know and I'm not sure of many things when it comes to currency trading. I'm still faily new to this, so I'm looking for support, guidance, and an education. By the way, I used to be a professional athlete, so I do have some idea of what commitment and sacrifice means.
Hi, I think I understand your question since I had a similar problem sometime ago as I am absolutely new to forex market. I read the thread and I thought I know and begin to practise on demo. But the results didn't reflect that. I began to wonder what was the problem and I remembered that while I was reading people had the same problem and they did backtesting to get to know the strategy better and now they are profitable.
Backtesting is the solution since you can accelarate the learning curve and gain experience without blowing up any real account. But the problem for me was that if you use F12 you don't get to see the big picture because if you zoom out you see what happens and then it is not a fair trade. Plus is very hard to draw trendlines. This is why you need a simulator in which you can trade as if you were on live.
I searched and I found two programs in which you can make trades even choose the speed of the candle at 1 min to get the feeling on how the price moves when you are in a trade. The programs are ForexTester and Testing Visualization: Manual Trading. I use the first one.
Regarding your question about how many years, I started from 2001 on EurUsd when the price was 0.9000 and it works. My first months of trading were ending on loss and of course I thought the method doesn't work because it was data from 2001, but then I realised the problem was me. After a year of backtesting it began to work with small results (at least I was on profit) because I began to know it. The number of years depend only on you. Personally, I plan to test it till 2008, as the pro traders have a lot of experience gain in time. Maybe after 7 simulating years I will have enough not to blow any account.
  • #13,735
  • Apr 17, 2008 4:58am Apr 17, 2008 4:58am
Quoting B@by trader
is there any indicator that can recognise the formation of the MACD?
There are two versions of MACD that show the formation. If you look close to the zero line you will see VT, TC, RB etc. That is the MACD pattern.
This is the link were you can find more information about them http://forexfactory.com/showthread.php?t=20349 and how to use them. I think you can set an alarm before a MACD pattern is going to form. I don't use it so I can't say exactly how you can do it but on that link you will find all the details as he created the indicator.
I have attached the 2 versions.
Attached File(s)
File Type: mq4 MACD_Colored_v103.mq4   13 KB | 552 downloads
File Type: mq4 MACD_Colored_v104.mq4   16 KB | 777 downloads
  • #13,736
  • Apr 17, 2008 7:10am Apr 17, 2008 7:10am
Quoting mike1349
Hi,
I long that too.the other reason is 1.00.But we have 1 news at 7EST for CAD and 1 important news about US at 8:30 EST.
I keep my SL tight

Thanks
Mike
My TP got hit with the news. 8 ema. +24 pips.
Price hit the 8 ema and came back down.

I usually don't get lucky in Forex
risky trade though

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 29 KB
Failure, is a wonderful teacher!
  • #13,737
  • Apr 17, 2008 7:10am Apr 17, 2008 7:10am
Quoting luckytiger
There are two versions of MACD that show the formation. If you look close to the zero line you will see VT, TC, RB etc. That is the MACD pattern.
This is the link were you can find more information about them http://forexfactory.com/showthread.php?t=20349 and how to use them. I think you can set an alarm before a MACD pattern is going to form. I don't use it so I can't say exactly how you can do it but on that link you will find all the details as he created the indicator.
I have attached the 2 versions.
want a brief explanation=vt...etc......long/short(and others)
  • #13,738
  • Apr 17, 2008 7:18am Apr 17, 2008 7:18am
Watching the EU...

4hr trying to come back above the 21 and 1hr trying to find support on the 89. Will wait until after the jobs #...
Attached Image
  • #13,739
  • Apr 17, 2008 9:43am Apr 17, 2008 9:43am
I have never seen a night like tonigh. All the majors are up and down, again up and down. I really thought that eu will retrace to test the triangle's horizontal line, but the true is out of my imagine. GU is about to break daily resistant line; UJ has maken two tails one is upward the other is downward.

Today's real chance is 9:00 GMT+1, which is behind the pin bar downward, whilst the price test the horzontal line and went up. What a pity is I was at bus at that time, and missed this chance.
Plan your trades and trade your plans
  • #13,740
  • Apr 17, 2008 9:51am Apr 17, 2008 9:51am
Quoting saka
I have never seen a night like tonigh. All the majors are up and down, again up and down. I really thought that eu will retrace to test the triangle's horizontal line, but the true is out of my imagine. GU is about to break daily resistant line; UJ has maken two tails one is upward the other is downward.

Today's real chance is 9:00 GMT+1, which is behind the pin bar downward, whilst the price test the horzontal line and went up. What a pity is I was at bus at that time, and missed this chance.
Which pair Saka?EUR ?
Failure, is a wonderful teacher!
14 traders viewing now