4 Hour Strategy Macd+other Indicator 21 replies
Dislikedhey guys- anybody know how to get the correct ob/os lines on the MACD when you have 5 decimals on eurusd as opposed to the usual 4?
-Thanks v muchIgnored
To me, the fx market in overall is still correcting itself so far...and it is a bit challenging to gain profit lately.
Again, I SELL this pair as I still believe the 3 Little Sisters formation (see pink cirlces) in my h4 will worked out later.
SELL @ 0.7115
SL @ 0.7165 (50pips risk = same level with 3rd Sister)
Sometime we don't have any idea until when we should keep buying or selling for a certain currencies pair. So, I came up with this little idea to help us out.
I don't mean to change anything in our 4Hour MACD Strategy. This is only my opinion on how I look at the market strength in the medium term.
Using RSI Colored Bar introduced by Palmer a few months ago, I have RSI indicator in all my D1 charts. So, here they are:-
RSI 85 and above = Market Extremely Overbought
RSI 70 and above = Market Overbought
I just wondering if there is anyone here experiencing the same problem as mine with the adx and gap indikator that Palmer has posted in his website. I had those indicators in my mt4 already, but the problem is: no matter how hard i tried to have the color width changed into 2, i'm just going to have the width 4 again everytime i switch my timeframe one to another. It'll back to the same width 4 again as you can see in my picture2. This is very weird for me... Anyone here, Palmer maybe? Could you help me to fix it? Thank...Ignored
DislikedI believe that you can download it from Palmer's site. It think it is under "helpful indicators" which is under "the method".Ignored
DislikedMy MIG trade station didn't work well in recent days,so I download a new MT4. there are 5 decimal place instead of 4 decimal. how to change it?Ignored
I am fairly new to Forex trading and am very interested in paper trading this system.
I have managed to set up my MT4 platform with no problems, except for changing the MACD SMA indicator in MT4 to the MACD EMA that is required.
I have installed Fast EMA 5 and Slow EMA 13 but can only find MACD SMA1
Can anyone help?