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4 Hour Strategy (MACD)

  • #20,881
  • Edited 5:21am Sep 2, 2009 5:00am | Edited 5:21am
Quoting Feliks
Over 7 months observing forex by tih strategy i realized we can create EA for this strategy How? I'll show the system, but need some coder's help for making EA.. Ok here we go..
System consist 3 part - Entry rules, Exit rules and Risk managment.
For entry rules I prefer using H4 -0.0045 and 0.0045 levels. Example for Buy condition

When price cross down -0.0045 EA cheking for buy stop. For this moment it wait for formation of local max on H1(or formation of fractal) after that EA put the buy stop to above of the fractal bar(spread + 1...

Ok 1st of all Fractal repaints.

If you really following this system for 7 months you should know that it can't be written in an EA.

The rules you stated have nothing to do with this strategy.

But if you think this could be a profitable system checkout programing discussion area.

All the best.
  • #20,882
  • Sep 2, 2009 5:07am Sep 2, 2009 5:07am
Quoting nasir.khan
Ok 1st of all Fractal repaints.

If you really following this system for 7 months you should know that it can't be written in an EA.

The rules you stated have nothing to do with this strategy.

But if you this could be a profitable system checkout programing discussion area.

All the best.
But how can we code local max(min) for entry in EA.. ? Can you provide me to programing discussion area..?
Think like an investor, Act as a speculator. Ferid H.
  • #20,883
  • Sep 2, 2009 8:33am Sep 2, 2009 8:33am
You can't program an EA simply because there are no rules. Everybody here tries to pick good entries based on his experience or other indicators.
  • #20,884
  • Sep 2, 2009 8:53am Sep 2, 2009 8:53am
Hi,

Shorted the EURUSD 1hr CHT for a quick 20 pips based on Phillip's 1hr TC suggestion.

Entered at the bar where the arrow is and the SL is at the arrow.

Andrew
Attached Image (click to enlarge)
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  • #20,885
  • Sep 2, 2009 10:06am Sep 2, 2009 10:06am
why did the pound go up so much but not the euro? dollar is weak but so is euro?
  • #20,886
  • Sep 2, 2009 11:46am Sep 2, 2009 11:46am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting yuan83
why did the pound go up so much but not the euro? dollar is weak but so is euro?
im not sure of the exact reason...the British data was pretty bad and US data was pretty good for today...despite dat we saw a decent rally in cable..im not sure if the BP oil discovery near da Gulf of Mexico relates to dis rally in anyway...herez da link... http://news.bbc.co.uk/2/hi/business/8233504.stm
  • #20,887
  • Sep 3, 2009 6:45am Sep 3, 2009 6:45am
Quoting andrewnair
Hi,

Shorted the EURUSD 1hr CHT for a quick 20 pips based on Phillip's 1hr TC suggestion.

Entered at the bar where the arrow is and the SL is at the arrow.

Andrew
Sweet. Nice trade there.

Now go for 200 pips
  • #20,888
  • Sep 3, 2009 10:38am Sep 3, 2009 10:38am
Hi,

Looking to long the USDCAD on the next 4hr bar which changes in abt 2.5hrs time.

SL at arrow and 1st PL at abt 30 plus pips or so.

What do ya guys think??

THanks for your help guys.

Andrew
Attached Image (click to enlarge)
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  • #20,889
  • Sep 3, 2009 12:58pm Sep 3, 2009 12:58pm
What about this eur/jpy? It seems quite a nice TC.

How did you trade go andrew? I dont watch that pair?
Attached Image
  • #20,890
  • Sep 3, 2009 1:59pm Sep 3, 2009 1:59pm
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting andrewnair
Hi,

Looking to long the USDCAD on the next 4hr bar which changes in abt 2.5hrs time.

SL at arrow and 1st PL at abt 30 plus pips or so.

What do ya guys think??

THanks for your help guys.

Andrew
on my chart, i hve an ugly candle which puts me off dis trade...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_sep04_09_4hr.gif Size: 14 KB
  • #20,891
  • Sep 3, 2009 2:02pm Sep 3, 2009 2:02pm
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting fxlan
What about this eur/jpy? It seems quite a nice TC.

How did you trade go andrew? I dont watch that pair?
dat appears to be a decent TC...i'll be goin' for dis one if it forms nicely...
  • #20,892
  • Sep 3, 2009 4:27pm Sep 3, 2009 4:27pm
hi,

no trade for me, the macd sig did not hold. looks like have to trade on mon, as tom the NFP's coming up. off day for me.

take care,

andrew


Quoting fxlan
What about this eur/jpy? It seems quite a nice TC.

How did you trade go andrew? I dont watch that pair?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 21 KB
  • #20,893
  • Edited 5:30am Sep 4, 2009 5:10am | Edited 5:30am
Hi all,

Although I am not trading today as the NFP's coming out, I just took a look at the charts and realize something.

Looking at the GBPJPY, according to Phillip's rules, he says that if the price breaks through the 21 MA, it will come back to the 21 MA and test it and then move toward the 89 MA. That's what I am seeing, someone please correct me if I am wrong.

I would have long at the opening of the 4hr bar at the arrow and the SL would have been placed at the arrow.

By now it would have been a free trade by closing 50% of the position. The finial profit target will be at the 89 MA below the trendline.

Let me know what you guys think.

Thanks again for all your replies.

Andrew
Attached Image (click to enlarge)
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  • #20,894
  • Sep 5, 2009 2:36am Sep 5, 2009 2:36am
Hi Andrew,

looking back at the 4H chart on the GBPJPY I think it is more conservative to change Phillip's rule like this: once price breaks through the 21 it goes back to it and retest the 55EMA (sionsmith's new trendline..). I think you would get more positive trades (for example the 18th of august..) and the breakthrough shouldn't be shy...
Cheers
  • #20,895
  • Sep 5, 2009 2:37am Sep 5, 2009 2:37am
Quoting andrewnair
Hi all,

Although I am not trading today as the NFP's coming out, I just took a look at the charts and realize something.

Looking at the GBPJPY, according to Phillip's rules, he says that if the price breaks through the 21 MA, it will come back to the 21 MA and test it and then move toward the 89 MA. That's what I am seeing, someone please correct me if I am wrong.

I would have long at the opening of the 4hr bar at the arrow and the SL would have been placed at the arrow.

By now it would have been a free trade by closing 50% of the...
You are absolutely right. GJ has crossed the 21 EMA and pulled back to it. It is highly likely now that it will continue to the 89. However GJ is very difficult to trade and I would urge anyone wanting to trade GJ to trade it on demo first. It whipsaws a lot and this system was not designed with that pair in mind.

I want to commend you on your learning. It is clear that you have been working hard on understanding the system and you understand the price action.

Also, the BOE rate decision is on Thursday so there may be some erratic behaviour on the GBP pairs as well this week.
  • #20,896
  • Sep 5, 2009 2:38am Sep 5, 2009 2:38am
My macd indicator is kinda messed up.
http://i29.tinypic.com/qot0n6.png

Look at those level lines are so close to each other. I think it's because my server price is 6 digits. Everytime I have to change the levels 15,30,45 in to150,300,450. What server are you guys using, which doesn't have this problem and is gmt2. thanks.
  • #20,897
  • Sep 5, 2009 3:55am Sep 5, 2009 3:55am
Quoting goldiger
My macd indicator is kinda messed up.


Look at those level lines are so close to each other. I think it's because my server price is 6 digits. Everytime I have to change the levels 15,30,45 in to150,300,450. What server are you guys using, which doesn't have this problem and is gmt2. thanks.
Hi Goldiger,

This post may be of some help. http://www.forexfactory.com/showpost...ostcount=19816
Most people use MIG. I think that using the colored macd on the standard template for the 4 hr chart may solve your problem.
  • #20,898
  • Sep 5, 2009 12:14pm Sep 5, 2009 12:14pm
Quoting xeneric
Hi Goldiger,

This post may be of some help. http://www.forexfactory.com/showpost...ostcount=19816
Most people use MIG. I think that using the colored macd on the standard template for the 4 hr chart may solve your problem.

Thanks buddy, but there is no "VT, RB, RT, etc" stuff. I'm thinking of using another mt4 server. Do you have the ip server of MIG?
  • #20,899
  • Sep 5, 2009 7:29pm Sep 5, 2009 7:29pm
guys,

can anyone please send me the link for latest 4HR MACD indicator ? MT4 here

cheers
Trading Forever !!!
  • #20,900
  • Sep 6, 2009 6:37am Sep 6, 2009 6:37am
Quoting cscheat
guys,

can anyone please send me the link for latest 4HR MACD indicator ? MT4 here

cheers
You can find both in Palmer's site (normal and decimal version)
http://www.fxtradeblog.com/
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