MACD 5 Min System

Ive been quiety working away on a 5 min system which shows some very good promise.

Firstly the indicators:
- MACD (values 38,120,20)
- MA - exp based on low value 60.

Currencies: I am currently using USD/CHF, EURUSD, and monitor about 3 others

SL:
- 5 pips behind the execution candle

Exit:
- 10 pip min and move to breakeven and let a portion of the lot run.

Timeframe : 5 mins during 07:00-18:00 GMT

BUY Execution: MACD crossover and the price is above the MA then buy next candle

In the pic below the yellow portion of the screen is the current trading timeframe (between 7am - 18:00).

Blue arrow: The MACD cross over occurs at 10am

Green Line: Execute

Exit 15pips

Green Line 2: We can re-enter at 11:30 for a potential 40 pips

Also on Friday we recieved a 2nd signal SELL

Red Arrow: 13:45

Entry (Green line 3): However the price does not go below the 60 EMA until 15:00 for a potential 90+ pips


I will try to answer any questions

Thanks

Thank for sharing your system.

Nice and simple. Will test along side my current scalping method. Quick question, How many trades would you say is produced on average?

Hi

You get approx 2 trades daily between the UK hours per currency

It would be good to get more data but i look at 3 currencies so approx 5 or 6 signals.

You will get failed trades (i.e. you do not reach the r:r of 3:1 (i.e. 15 pips to your SL of 5 pips) as seen on friday at 10:15 as the price was just ranging. However we picked up the trade 2 at 12: 35 which more than covered it (170+ pips)

This is one thing that i have noticed in all the forums - people who put up their systems and do not show the weaknesses (i.e. failed trades). I learn more from my mistakes (simply as I pay the market tutorial lessons!!)

Bravo!!! I like that r:r. Just make sure I have it correct. Your sl is 5 pips from entry not including spread. The target for BE is 10 pips. How long have you been trading this method?

ubp ive been trading this method on demo for the past 2 mths (backtesting and forward testing)

Hi there,

what is the avg. pip count per week?

Thank's

PC

On average i have been clearing 100 pips per week (I work full time as well so I trade between 7-8:30 and from 5-6 GMT)

Can I have MACD cross over indicator please.
Thank.
Cha.

On USDCHF - got my 15 pips (and let 0.1 lot run with a trailing stop) fo 25 pips in total

The stoc indicator below is another investigation to determine if there is any correlation between this strategy (none so far)

Hello everyone,
I've looked over Pervaz's sytem, and I've coded it as I understood it.
Attached it is, with the following configurable:
Lots,Slippage,StopLoss,TakeProfit,
TrailingStop,
MACDFastEMA,MACDSlowEMA,MACDSMA,
MAPeriod,MAMethod,MAApplyTo,
StartTradingHour, and EndTradingHour.

Hope You like it.

Hi Oksana,
Thx for your coder.
But my i know how to apply it to MT4? Please advice. Thx.

Save it to:
C:\Program Files\YOUR MT4\experts

Then turn off mt4 then turn it on again.
Drag and drop the ea to the chart from the navigator window(Ctlr+N)

And there You have it...
Cheers...

Oksana17

Thanks for that - I will check out the EA tongiht

Pervaz

Pervaz when you set it up can you post your settings please? Would be a big help.

Your welcome

In total 6 trades captured (with 1 lost trade)

Im going to slightly modify the rules with the SL (the SL should be based on the distance to the EMA) - TP still remains

Pervaz,
How long did You test this system?
What is the best timeframe and pair?

Pervaz,

Can you please post your MACD w/signal indicator & template? You wait for candle close to confirm entry correct? Have you found the M5 timeframe works the best in terms of collecting pips? I like the simplicity of this system. Thanks for sharing.

Lcfx

are u already test for euro/jpy ?