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4 Hour Strategy (MACD)

  • #3,441
  • Apr 12, 2007 6:51pm Apr 12, 2007 6:51pm
thx ozeeke

works great. Thx guys for the new macd

whats the 1H strat? What changes for the 1H strat? do U have to change the 5 13 1 to something eles?
  • #3,442
  • Apr 12, 2007 9:15pm Apr 12, 2007 9:15pm
Quoting O'Zeeke
osisisus, i dont know much about this but here is how i did it. , go to local disk C, program files, then open your trade platform(mine is interbank), experts, then indicators. load it in therer. thats how i did it and you may have to restart yuor compouter anyone else that can help?
I can see MACD_Coloured_v103 when I click on File in the MetaEditor. What do I have to do next? Can some expert here help me?
  • #3,443
  • Apr 12, 2007 9:31pm Apr 12, 2007 9:31pm
Quoting hifundu
I can see MACD_Coloured_v103 when I click on File in the MetaEditor. What do I have to do next? Can some expert here help me?
You need to look at the last entry on the MACD Coloured thread. The indicator will not work if you haven't got the .ex file loaded as well. All is explained on the thread.
I have had the same problems but it is all sorted after reading the thread.
  • #3,444
  • Apr 13, 2007 12:20am Apr 13, 2007 12:20am
I'm still long and looking up. What time period of MACD indicator do you guys like to use and what other indicators work well with MACD besides stochastic.
{Link Removed}
  • #3,445
  • Apr 13, 2007 7:50am Apr 13, 2007 7:50am
Quoting hifundu
I can see MACD_Coloured_v103 when I click on File in the MetaEditor. What do I have to do next? Can some expert here help me?
Another solution for color H1-H4 MACD indicator.
http://www.forexfactory.com/showthread.php?t=18311
Attached File(s)
File Type: zip fxb_macd_ind.zip   10 KB | 796 downloads
Ben
  • #3,446
  • Edited 10:01am Apr 13, 2007 8:13am | Edited 10:01am
Hi I will really appreciate any help with this doubt

Thanks


Quoting Nacho_1975
Hi All,
I was reading Phil's strategy and looks really really good.

I have one doubt. Phil mentioned in his pdf that he enter 0.2 lots (Opening next bar), 0.3 lots (30% retracement on Bar B(previous bar)) and enter 0.5 lots (50% retracement on bar B(previous Bar))

the question is, what happened if you don't have a retracement you just trade 0.2 lots?

Thanks for you help
Ignacio
  • #3,447
  • Apr 13, 2007 9:35am Apr 13, 2007 9:35am
I think the overall theme is scaling in to attain a blended price. This system works most of the time, we just have to focus on minimising our risk when it doesn't work. It will profitable over the long run, but only if we can avoid catastrophically wiping our accounts out with a couple of bad trades.

Starting small and scaling in while the price goes against you, you're risking less than if you had put the whole shebang on the table to begin with. And the trade is still on.

I would assume that if the trade immediately went in your favour, you would scale in with more lots/mini-lots, whilst reducing your stoploss. How and when you do this would depend on your profit targets, in conjunction with support/resistance levels and volatility in general etc...etc...etc...

My advice, backtest, backtest, and come up with a scheme that you're comfortable with.
"My main objective is to be professional but to kill him." - Mike Tyson.
  • #3,448
  • Apr 13, 2007 10:22am Apr 13, 2007 10:22am
We have seen difficult trades so far today.

Currency Pairs/Time/MACD/Trendwise/Entry price/Target/Result

1. GBP/USD /20GMT /TC /Trend/ 1.9769 /1.9864 /
*Previous 14 candles closed over 8 $ 21. Strong trend.

2. EUR/USD /0GMT /RT /Cunter / No Deal /
*Risky counter trade. My initial counter trade target is only to 8ema. Low R/R.

3. USD/CAD /0GMT /RB /Counter /1.1344 /1.1370(8ema) /
*Risky but better go for over 20pips target. R/R not bad.

4. EUR/CHF /4GMT /TC /Trend /1.6416 /1.6458(upper trenline) /

5. EUR/CHF /8GMT /Counter /Double Top /1.6373/20pips ? /
*Broke the trend channel at the previous candle.


We will definetly see RT on EUR/USD, GBP/USD at 16GMT.
I will stay sidelined as it is too big single candles now forming.
  • #3,449
  • Apr 13, 2007 10:55am Apr 13, 2007 10:55am
Quoting kappa
We have seen difficult trades so far today.

Currency Pairs/Time/MACD/Trendwise/Entry price/Target/Result

1. GBP/USD /20GMT /TC /Trend/ 1.9769 /1.9864 /
*Previous 14 candles closed over 8 $ 21. Strong trend.

2. EUR/USD /0GMT /RT /Cunter / No Deal /
*Risky counter trade. My initial counter trade target is only to 8ema. Low R/R.

3. USD/CAD /0GMT /RB /Counter /1.1344 /1.1370(8ema) /
*Risky but better go for over 20pips target. R/R not bad.

4. EUR/CHF /4GMT /TC /Trend /1.6416 /1.6458(upper trenline) /

5. EUR/CHF /8GMT /Counter /Double Top /1.6373/20pips ? /
*Broke the trend channel at the previous candle.


We will definetly see RT on EUR/USD, GBP/USD at 16GMT.
I will stay sidelined as it is too big single candles now forming.

Kappa,

these are trades that you actually executed? Does this means that today you did around 120 pips - your loss in Eur/chf?
If so...well done!! If not...well planned !!!!!
  • #3,450
  • Apr 13, 2007 11:06am Apr 13, 2007 11:06am
Quoting alcastro
Kappa,

these are trades that you actually executed? Does this means that today you did around 120 pips - your loss in Eur/chf?
If so...well done!! If not...well planned !!!!!
Some I did, Some I did not.
For GBP/USD pair, I was in bed. Bad luck. lol.

I am preparing this report to confirm that this system works most of times.
And I can get deeper insight to various pairs while writing this.

By the way, you will follow the current signal (short EUR/USD and other pairs) right now ?
  • #3,451
  • Apr 13, 2007 11:19am Apr 13, 2007 11:19am
I am in EUR/USD & GBP/USD

Thanks


quote=kappa;271640]Some I did, Some I did not.
For GBP/USD pair, I was in bed. Bad luck. lol.

I am preparing this report to confirm that this system works most of times.
And I can get deeper insight to various pairs while writing this.

By the way, you will follow the current signal (short EUR/USD and other pairs) right now ?[/quote]
  • #3,452
  • Apr 13, 2007 11:47am Apr 13, 2007 11:47am
Hi Nacho 1975,

I did not follow the signal.

Reasons :

1. Its Friday. I have no idea what G7 will end up distributing any message. This is a part of Phil's system (or conservative stance), no trade on Friday.

2. Both pairs previous candles closed above 8ema. Trend looks to continue.

3. Both EUR/JPY, GBP/JPY continue to fly higher. One reason of the demand for EUR, GBP. And USD/JPY can not break resistance around 119.50 since April 6. My scenario here is U/J ranging below 119.50, and G/U, E/U move slowly upward.

This is my personal view only. Anyway I stay away from late Friday trade.

Hope you a good luck !

By the way, I found many people using nacho for the name in this forum.
What does it mean ?
  • #3,453
  • Apr 13, 2007 12:04pm Apr 13, 2007 12:04pm
Hi
I am still on holiday and can only reply from time to time. Thanks for those that keeps the system
alive.
  • #3,454
  • Apr 13, 2007 12:49pm Apr 13, 2007 12:49pm
Quoting kappa
Hi Nacho 1975,

I did not follow the signal.

Reasons :

1. Its Friday. I have no idea what G7 will end up distributing any message. This is a part of Phil's system (or conservative stance), no trade on Friday.

2. Both pairs previous candles closed above 8ema. Trend looks to continue.

3. Both EUR/JPY, GBP/JPY continue to fly higher. One reason of the demand for EUR, GBP. And USD/JPY can not break resistance around 119.50 since April 6. My scenario here is U/J ranging below 119.50, and G/U, E/U move slowly upward.

This is my personal view only. Anyway I stay away from late Friday trade.

Hope you a good luck !

By the way, I found many people using nacho for the name in this forum.
What does it mean ?

In spanish: Nacho = Ignacio
  • #3,455
  • Apr 13, 2007 12:56pm Apr 13, 2007 12:56pm
Right is a nickname

Thanks for your feedback

Ignacio= Nacho

Quoting alcastro
In spanish: Nacho = Ignacio
  • #3,456
  • Apr 13, 2007 12:57pm Apr 13, 2007 12:57pm
Quoting Phillip Nel
Hi
I am still on holiday and can only reply from time to time. Thanks for those that keeps the system
alive.
Have a good holiday Phillip! And come back, we all miss you and your daily Wrapups .
  • #3,457
  • Apr 13, 2007 1:21pm Apr 13, 2007 1:21pm
Personally for me, the last two days were very hard. I didn't take TC signals neither on EUR/USD nor GBP/USD, because the price was near strong resistance levels (price levels 1.3500 and 1.9800) so I waited for retrace.
One more lesson - trend is your friend, and trust Phillip's system as it works excellent! So I was painfully wathing for the price climbing up.
Well, from time to time we all have to fight two evil twins (as Phillip called them) - Greed and Fear. I will spend my weekends reading the thread again and listening to all MP3 files, it will help me to restore confidence.
Thanks everybody contributing in this thread, I read it every day, and it helps me greatly.
Have a good weekend!
  • #3,458
  • Apr 13, 2007 2:09pm Apr 13, 2007 2:09pm
I thought I saw something about using this strat on a 1 H chart.
Is there a change to the macd settings for that?
R there any other changes that differ from phills 4 hour strat?
  • #3,459
  • Apr 13, 2007 2:25pm Apr 13, 2007 2:25pm
Quoting kappa
We have seen difficult trades so far today.

Currency Pairs/Time/MACD/Trendwise/Entry price/Target/Result

1. GBP/USD /20GMT /TC /Trend/ 1.9769 /1.9864 /
*Previous 14 candles closed over 8 $ 21. Strong trend.

2. EUR/USD /0GMT /RT /Cunter / No Deal /
*Risky counter trade. My initial counter trade target is only to 8ema. Low R/R.

3. USD/CAD /0GMT /RB /Counter /1.1344 /1.1370(8ema) /
*Risky but better go for over 20pips target. R/R not bad.

4. EUR/CHF /4GMT /TC /Trend /1.6416 /1.6458(upper trenline) /

5. EUR/CHF /8GMT /Counter /Double Top /1.6373/20pips ? /
*Broke the trend channel at the previous candle.


We will definetly see RT on EUR/USD, GBP/USD at 16GMT.
I will stay sidelined as it is too big single candles now forming.
Kappa,

I'm curious as to how you arrived at your target price of 1.9864 on the GBP/USD trade ?

Thanks
70% expectancy rate with proper SL placement.
  • #3,460
  • Apr 13, 2007 4:03pm Apr 13, 2007 4:03pm
I downloaded the new macd program with the red and green lines and
.015-.045 settings looks nice thx guys. But the print out of the strat says that the last setting on the macd should be MACD EMA 1. On this program like my last one the last setting says sma not ema. I try to change it to ema but I dont think I can. Will someone tell me if its just a typo on the print out or if there is a way to change it to ema. thx
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