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4 Hour Strategy Macd+other Indicator 21 replies

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

Attachments: 4 Hour Strategy (MACD)
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4 Hour Strategy (MACD)

Price has moved back into the price channel (between the gold lines).
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Philip I just read and re-read ur lesson, i have a life acct now and willing to go on but i have something i will show u too look at too after i am convinced about it. you are a wonderfull good and great work.
Take care and enjoy your life
Quoting islandtrader
hi pete.alfa
To partially close a trade, right click on your trade in the trade window, choose 'close order' and there you can set the volume you want to close (1) and then click 'close' (2). Your position is now adjusted to the new volume.

Regarding trailing stop, NF seems only to allow minimum 100 pips s/l now, which is strange, I remember putting in smaller trailing stops before.

You might consider using an EA to better manage partial profits and trailing stop.

kind regards
Thank you Islandtrader.

Best regards and have more pipshttp://www.forexfactory.com/images/icons/dollar.gifhttp://www.forexfactory.com/images/icons/dollar.gifhttp://www.forexfactory.com/images/icons/dollar.gif

pete.
Quoting luckytiger
In order to take partial profit you need to have two seperated orders, for example you enter with 0.1 lot at 107.15 and another 0.1 lot at 107.15 and then you can set different take profits and stop losses. Most brokers with MT4 allow you to enter with two seperate orders. For the trailing stop, when you are in the window "Trade" click the right button of your mouse on the open trade and it will appear a window where you can choose your trailing stop.
Phillip tested his strategy using MIG as broker. If you want do have the same signals on the MACD and the same charts as Phillip you should try using MIG platform for analysis.
Thank you luckytiger,

How stupid I am - never thought of placing 2 orders
I'll download MIG platform tomorrow(when I'm free) & I'm going to enjoy learning from master phillip(Lion King) & you tiger & also everyone in this forum.http://www.forexfactory.com/images/icons/icon7.gif

best regards & thank you to all,

Pete
Quoting saka
The most simple way, first open a lot, then open another lot
Thank you Saka,

I've never though of that - stupid me. now I know it's so simple.

Best regards,http://www.forexfactory.com/images/icons/icon7.gif

Pete
I'm not sure if other know this about RT
BUt i just found a conformation on the 1hr.

MACD Round top must be symtrical (meaing not alot of movement up and down, nice curve to it).

Example GBP/USD July 10th 2008
4hr: Notice nice curve on price and MACD
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1hr: Notice the break of the zero line by the 9:00 candle. You can enter after the 9:00 candle because this is your conformation (break of the zero line on MACD). Enter trade on 10:00 candle (last red candle), 30 pip candle.
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30 min: if want enter more early, enter at opening of 9:00 candle. It give a beautiful TC down
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I hope this help someone. I need to do little more backtesting.
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Hi, I picked up a virus calles Antivirus 2008 Pro.

I have tried Microsoft onecare and trend housecall as well as Avast which is my antivirus on the laptop. They see the virus but cannot clean it. Does someone have a removal software otherwise I will have to format my laptop.

Thanks
Try uninstalling it manually first from Add/Remove programs....after you have done that download and install Spybot

http://www.safer-networking.org/en/download/index.html

Install, Download updates, Immunize and Scan. Fix the reported errors. You might be prompted to reboot and run another scan. Let me know if that fixes you up!

Thanks
You can also use ADAWARE for free for spyware, its similiar to spybot: http://lavasoft.com/products/ad_aware_free.php
For another free virus protection program you can use: AVG, http://free.avg.com/
Quoting HipsterPipster
You can also use ADAWARE for free for spyware, its similiar to spybot: http://lavasoft.com/products/ad_aware_free.php
For another free virus protection program you can use: AVG, http://free.avg.com/
I have been using both of those for years and never had a problem -- highly recommended in fact every one should have them or similar,each and every day there are more and more threats.
Good luck
Kerry
I have been studying the 4 hr system for about nine months and have been using it with success. Many times when I thought the movement would go one way it went another. I looked at the higher candles and noticed on the monthly candle we are in a channel (gbp/usd) for the past 8 months. I was wondering how this has affected others trading?
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Spybot and Adaware are nice, however SDFIX.exe and COMBOFIX.exe will remove any malware (IMHO)...including those nasties running in memory. Start in safe mode for the most effective scan. Read the 'readme' for both, this is very important!
sdfix - http://www.instalki.pl/programy/down...ware/SDFix.php
Quoting Phillip Nel
Hi, I picked up a virus calles Antivirus 2008 Pro.

I have tried Microsoft onecare and trend housecall as well as Avast which is my antivirus on the laptop. They see the virus but cannot clean it. Does someone have a removal software otherwise I will have to format my laptop.

Thanks
Hi, Phillip.
Here's a description of this virus - http://www.2-spyware.com/remove-antivirus2008pro.html - and instructions for removing it. Didn't try it myself, but hope it helps.
Hi, Seepiprun.
Nice explanation, just one small humble specification:

Quoting Seepiprun
...
1hr: Notice the break of the zero line by the 9:00 candle. You can enter after the 9:00 candle because this is your conformation (break of the zero line on MACD). Enter trade on 10:00 candle (last red candle), 30 pip candle.
...
according to basic explanation, break of zero line, or zero break or ZB is when MACD crosses 0 level in one direction and then returns (like on the image below). I do understand what you are describing, just specify the terms so that somebody new won't get confused. I'm captious about that because myself was making mistakes there not long ago And when MACD just crosses 0 level in one direction -this setup also may be profitable, but it's not named in Phillip's initial rules, remember that. By the way, I don't remember if such a setup got a specific name on the thread. Maybe "zero crossing", ZC?
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Yea, maybe someone with more experience with round tops can comment.


I made round top mistakes 4 or 5 times. I thought the MACD was going to be a RT, but just turned into a TC pattern.So I looked for some kind of conformation and that is what i found.

You are correct it is not zero break, because it does not turn around.

MACD just goes though zero (no name for this?)
Quoting Seepiprun
Yea, maybe someone with more experience with round tops can comment.
I made round top mistakes 4 or 5 times. I thought the MACD was going to be a RT, but just turned into a TC pattern.So I looked for some kind of conformation and that is what i found.
I'm far from being called "experienced", but for myself I decided that I stay out on RT's/RB's except if RT/RB is supported by a false breakout (like on image).

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You are correct it is not zero break, because it does not turn around.
MACD just goes though zero (no name for this?)
Haven't met any yet (if I'm not mistaken). My variant is Zero Crossing.
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Quoting Seepiprun
Yea, maybe someone with more experience with round tops can comment.
I made round top mistakes 4 or 5 times. I thought the MACD was going to be a RT, but just turned into a TC pattern.So I looked for some kind of conformation and that is what i found.
You are correct it is not zero break, because it does not turn around.
MACD just goes though zero (no name for this?)
From my experience with RTs and RBs I found out that the most important thing about them is the location. It should be at strong support and resistance area, swing high or swing low, all-time highs or lows and NOT in crowded places or consolidation areas.
It works best when the market is ranging and you have determined the range limits, and rarely when the market is trending (generally at the end of the trend it might work).
With a RTs and RBs you generally trade against the last move. Therefore you should be more picky with this kind of trades. For a better trade, it should be confirmed by a morning, evening star, engulfing bearsish, bullish pattern, hammer or any other reversal signs.
Quoting luckytiger
From my experience with RTs and RBs I found out that the most important thing about them is the location. It should be at strong support and resistance area, swing high or swing low, all-time highs or lows and NOT in crowded places or consolidation areas.
It works best when the market is ranging and you have determined the range limits, and rarely when the market is trending (generally at the end of the trend it might work).
With a RTs and RBs you generally trade against the last move. Therefore you should be more picky with this kind of trades. For a better trade, it should be confirmed by a morning, evening star, engulfing bearsish, bullish pattern, hammer or any other reversal signs.
...this was a very helpful post about RTs and RBs, thanks a lot!
Regards, Michael
Price broke away from the 89, and is now pulling back to the 21. (That's between the 38% and 50% fib retracement line too.) Now I am waiting for a TC pattern.

I thought the price would pullback from its surge ahead on Friday, but I'm too new at this and couldn't see the technical confirmation, so did not enter a trade. Kicking myself now as I see 50+ pips. I remember the times my gut feeling is correct, but easily forget the times it is wrong.

Did anyone take the pullback from the high, and what was the technical analysis?
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