4 Hour Strategy (MACD) | Page 802 | 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)

  • #16,021
  • Jul 10, 2008 1:21am Jul 10, 2008 1:21am
Quoting manto
...
Does everyone know how to handle the different datafeeds by brokers? Or should i have been long with my candles too and it was only my wrong decision? Just to learn and make it better next time.
Hi, Michael.
The question about different timezones and thus differences in candles is the one that quite many people face and have to solve for themselves. Here're possible answers as I see them (earlier post).
  • #16,022
  • Jul 10, 2008 1:37am Jul 10, 2008 1:37am
I am wondering what is the correct setting of the MACD!!

5,15,1
or
5,15,6

sonic
  • #16,023
  • Jul 10, 2008 1:37am Jul 10, 2008 1:37am
Quoting manto
This is may very first post on this forum and like other newcomers i want to thank Mr. Nel for sharing this system and the tons of work he does in this thread. Thank you, thank you!

The daily wrapup from yesterday gave clear reasons for going long in GBP/USD before outbreak. But when i compare this with my chart i see, i have other candles, so i decided wrong and stood beside. You see my chart in the attachment, look at the arrows in the chart and Macd: at time for decision (closing that one candle which hit the trendline) it seemed to me short because of that long tail. I saw the SHS on Macd, but it could just occur a zero-bounce Signal the next 2 candles.

Does everyone know how to handle the different datafeeds by brokers? Or should i have been long with my candles too and it was only my wrong decision? Just to learn and make it better next time.

Michael
This topic has been dicussed already in thread.
Signals are different bacause of brokers (their candles close in different time), that is the reason why "market rythm" must be mastered over MACD signals, a good option is take 1h entries based in "market rythm" or use Fibonacci as Phillip has explained before.
I hope it helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4h.gif Size: 23 KB
Click to Enlarge Name: 1h.gif Size: 22 KB
  • #16,024
  • Jul 10, 2008 2:14am Jul 10, 2008 2:14am
Thanks to mkain and Yorik, both answers do help!

wish you lots of pips,
Michael
  • #16,025
  • Jul 10, 2008 2:24am Jul 10, 2008 2:24am
Quoting sonicdeejay
I am wondering what is the correct setting of the MACD!!

5,15,1
or
5,15,6

sonic
add this to your chart, it can automatic generate colour MACD
Attached File(s)
File Type: mq4 MACD_Colored_v105.mq4   20 KB | 854 downloads
Plan your trades and trade your plans
  • #16,026
  • Jul 10, 2008 2:54am Jul 10, 2008 2:54am
Interesting breakout at USDCAD.. Will take a trade if MACD gives TC signal.
Got to run for exam
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD july 10th.jpg Size: 362 KB
  • #16,027
  • Jul 10, 2008 3:11am Jul 10, 2008 3:11am
Quoting hijackxx
Interesting breakout at USDCAD.. Will take a trade if MACD gives TC signal.
Got to run for exam
good point ,im watching it from yesterday ,even i have a saml profit in m5 TF yesterday ,now waiting for big movment starts
  • #16,028
  • Edited 5:46am Jul 10, 2008 5:00am | Edited 5:46am
Calculations:
Open price: 1.5702
SL Price: 1.5737, SL: 35 pips
TP price: 0.5/1.5680, 0.5/1.5616, TP: 54 (22, 86) pips
SINGLE OPENING.
R:R-ratio: 1.54.
Conclusion: trade is OK.

Price failed to move up from EMA21, has reached resistance line (about 1.5755 on my chart) and turned down, crossed EMA8..21 down and bar is closing over SMA89.

I'm not trading RT/RB's but learn to play RT/RB's supported by false breakouts, having noticed several such situations played by Phillip and other experienced members, such setups seem to be quite reliable.

In this case, though it seems like a false breakout (or maybe not a breakout but an "abortive" upmove), RR and SL are Ok, I'm out of a trade bacause of SMA89 being too close and support line under it (thick violet). Waiting for a possible TC from SMA89.
Attached Image
  • #16,029
  • Jul 10, 2008 5:04am Jul 10, 2008 5:04am
Quoting hijackxx
Interesting breakout at USDCAD.. Will take a trade if MACD gives TC signal.
Got to run for exam
cool!!

sonic
  • #16,030
  • Jul 10, 2008 5:07am Jul 10, 2008 5:07am
Quoting Yorik
Open price: 1.5702
.
Yorik why did u take a trade where there is a long tail underneath the body there? There has to be some conflict between buyers and sellers there.
My 2 cents.
  • #16,031
  • Jul 10, 2008 5:44am Jul 10, 2008 5:44am
Quoting hijackxx
Yorik why did u take a trade where there is a long tail underneath the body there? There has to be some conflict between buyers and sellers there.
My 2 cents.
Hi, hijackxx!
I didn't take this setup! Sorry for maybe misleading. This block:
Quote
Open price: 1.5702
SL Price: 1.5737, SL: 35 pips
TP price: 0.5/1.5680, 0.5/1.5616, TP: 54 (22, 86) pips
SINGLE OPENING.
R:R-ratio: 1.54.
Conclusion: trade is OK.
is generated by a special EA which I have written to calculate R:R for a trade in real time. And "Open price" here means not real opening but just the current price, at which a trade can be opened. Having R:R, SL and other things, I quickly copy them to my diary and then consider other factors and in the end make my decision. So those are only calculations but not a statement.

I didn't enter here! I will try to correct my posts to avoid possible ambiguity.
  • #16,032
  • Jul 10, 2008 6:26am Jul 10, 2008 6:26am
Quoting Phillip Nel
Info
i cannot open this file,do u people have problem too?
  • #16,033
  • Jul 10, 2008 7:32am Jul 10, 2008 7:32am
Quoting bshadroo
i cannot open this file,do u people have problem too?
The file was OK yesterday... try to download it once again. it happens sometimes when Internet connection is not good.
  • #16,034
  • Jul 10, 2008 8:53am Jul 10, 2008 8:53am
"..is generated by a special EA which I have written to calculate R:R for a trade in real time"
Yorik,where did you take this EA?Is it yours as I see or you took it from anywhere?Thanks.
  • #16,035
  • Jul 10, 2008 9:00am Jul 10, 2008 9:00am
Quoting hijackxx
Interesting breakout at USDCAD.. Will take a trade if MACD gives TC signal.
Got to run for exam
bye bye signal
  • #16,036
  • Jul 10, 2008 9:02am Jul 10, 2008 9:02am
do u think this is a good TC? im in doubt(keep in mind bernanke is speaking)
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #16,037
  • Edited 9:22am Jul 10, 2008 9:09am | Edited 9:22am
Quoting bshadroo
do u think this is a good TC? im in doubt(keep in mind bernanke is speaking)
I'm worried about the long tail before the green candle. Someone must have sold EU there.

edit: woops.. it shoots up. maybe a ZB on GU now? Will see
  • #16,038
  • Edited 9:19am Jul 10, 2008 9:16am | Edited 9:19am
The above EU TC trade seems like a picture perfect trade because

1) Good MACD Signal - smooth
2) The tail on the prev bar touches the 89 and then moves off it therefore good support
3) Above the trend line

Open 1.5722
SL 50 pips
50 % Close at 25 Pips
Rest with 25 pips trailing

Anoop

Edit 1

Closed first half with 25 pips
Next half trailing

PHILLIP NEL - YOU ARE A LEGEND
  • #16,039
  • Jul 10, 2008 9:20am Jul 10, 2008 9:20am
Quoting bshadroo
do u think this is a good TC? im in doubt(keep in mind bernanke is speaking)
yes , it was a good TC,50 pips in 15 minutes
lets switch to M1 chart to catch something
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 16 KB
  • #16,040
  • Edited 10:08am Jul 10, 2008 9:22am | Edited 10:08am
Price:
Bullish TC from SMA89; more a positioning trade for a breakout upwards, TP1 at the resistance line; not perfect, opening against possible resistance

Calculations:
Open price: 1.5725
SL Price: 1.5691, SL: 34 pips
TP price: 0.5/1.5745, 0.5/1.5796, TP: 45 (20, 71) pips
SINGLE OPENING.
R:R-ratio: 1.34.
Conclusion: trade is OK.

Decision:
opened as in calculation.

Edit1: TP1 (+20) closed, for another 0.5 set TS = 40 pips, closer/if to 1.58 might tighten it
Edit2: at 1.5895 changed trailing stop from 40 to 15 pips
Edit3: second half was closed at 1.5786 (+61). 0.5x20 + 0.5x61 = 1x40.5 pips
Attached Image
7 traders viewing now, 1 is registered:
sumitgpl