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Attachments: 1M / 5M RSG System
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1M / 5M RSG System

  • #41
  • Dec 30, 2009 8:43am Dec 30, 2009 8:43am
Kirk
Your system looks good but for me I usually avoid having multiple charts,

I tried putting a MACD on 1 Min which is 105,170,5 instead of 21,34,1 and it gives exactly the same cross as 5 mins?

21*5 =105
34*5 = 170
1*5 = 5

Do you think it is valid as having all in one chart is useful for space?
  • #42
  • Edited 9:11am Dec 30, 2009 9:10am | Edited 9:11am
Quoting adler
Kirk
Your system looks good but for me I usually avoid having multiple charts,

I tried putting a MACD on 1 Min which is 105,170,5 instead of 21,34,1 and it gives exactly the same cross as 5 mins?

21*5 =105
34*5 = 170
1*5 = 5

Do you think it is valid as having all in one chart is useful for space?
Check out my charts below, 1M with the 105/170/5 and the 5M 21/34/1.

I have drawn a line on both at 11:45 - there is a definite difference between the crossover points. I don't know how this works, but from experience I am sticking to the dual TF as the 5M crossover seems to work well as a confirmation signal after the other 1M signals line up.

Does this make sense? Let me know...back to bed now lol...

Kirk.
Attached Image (click to enlarge)
Click to Enlarge Name: 1m vs 5m comparison.gif Size: 59 KB
Trade to Live - Don't Live to Trade
  • #43
  • Dec 30, 2009 9:16am Dec 30, 2009 9:16am
You can accomplish the same thing by putting the 5m MACD below the 1m chart and just hiding everything on the 5M with the 1M chart except the MACD.

Think I can give you an example with a posting here via 'Paint'.
Attached Image (click to enlarge)
Click to Enlarge Name: rsg.gif Size: 22 KB
  • #44
  • Dec 30, 2009 9:17am Dec 30, 2009 9:17am
Kirk get to bed buddy, the questions will still be here when you get up..
  • #45
  • Edited 9:34am Dec 30, 2009 9:27am | Edited 9:34am
I have changed the indicator alerts to the following:

RED now says "Wait for ORANGE alert"
ORANGE now says "Wait for GREEN alert"
GREEN (1M) now says "Wait for 5M Green alert"
Green (5M) now says "Go Signal Achieved - BUY / SELL" (as applicable)

Should make it easier - the alerts before were not as clear.

Kirk.
Attached File(s)
File Type: zip RSG.zip   19 KB | 881 downloads
Trade to Live - Don't Live to Trade
  • #46
  • Dec 30, 2009 9:29am Dec 30, 2009 9:29am
Quoting rebelheart
Kirk get to bed buddy, the questions will still be here when you get up..
LOL, thanks, I might just do that!
Trade to Live - Don't Live to Trade
  • #47
  • Dec 30, 2009 9:32am Dec 30, 2009 9:32am
Quoting Flamenco143
You can accomplish the same thing by putting the 5m MACD below the 1m chart and just hiding everything on the 5M with the 1M chart except the MACD.

Think I can give you an example with a posting here via 'Paint'.
How do you do that, mate? Please reply, that would make everything so much simpler!

OK, definitely off to bed now! *YAWN*
Trade to Live - Don't Live to Trade
  • #48
  • Dec 30, 2009 12:47pm Dec 30, 2009 12:47pm
Quoting kirkleaforex
How do you do that, mate? Please reply, that would make everything so much simpler!

OK, definitely off to bed now! *YAWN*
A little hard to explain but I'll try since I can't post the charts sequentually. I start with the 1M, regular size (about 3/4 page). Then I make the second chart which is the 5M RSG Macd. I make the 5M the same width as the 1M but not as large as the 1M. Then I place the 5M chart directly below the 1M.

Once they are positioned I then click and drag the border of the 5M MACD all the way up and eliminate the candle portion of the chart from even showing. So now all I see on the 5M chart is the MACD.

All that's left to do is resize the 5M chart so that it is the same width AND height as each of the MACD's on the 1M chart so they all appear to be the same size and match. The chart off to the side is the 5M before I've resized it. Then I stick it below the 1m chart and resize it as described above. The charts below could STILL use a little resizing to match up, but hopefully this gives you the process I use.

Hope this is fairly clear - as right now I'm operating on lack of sleep too!
Attached Images
  • #49
  • Dec 30, 2009 1:09pm Dec 30, 2009 1:09pm
Just a thought Flame.

Will be watching the thread to learn, but had to add the simple trade entry on that setup.

Enjoy and Happy New Year!
Attached Image (click to enlarge)
Click to Enlarge Name: Just a thought.PNG Size: 30 KB
  • #50
  • Dec 30, 2009 2:53pm Dec 30, 2009 2:53pm
ok flamingo ... sorry

andrews just wanted to make this strategy when the MACD GREEN is> 0.

I wanted them to see who speaks knowingly.

there will be a thread because my English is disastrous (very bad) and people would not notice.

writing through the google translator.

indeed, you like Paco de Lucia? ... play guitar very well ... look on youtube.

saludos amigo.
  • #51
  • Dec 30, 2009 3:26pm Dec 30, 2009 3:26pm
Quoting porfirio
ok flamingo ... sorry

indeed, you like Paco de Lucia? ... play guitar very well ... look on youtube.

saludos amigo.
Will PM you later as there are some things we can talk about, but I don't want to post anything here which doesn't support or promote the method/strategy presented by kirkleaforex
saludos amigo
  • #52
  • Dec 30, 2009 4:18pm Dec 30, 2009 4:18pm
Hello to all,
Signed in to the thread. Interesting idea, although I don't really like indicators (lagging). Nevertheless, the method seems to get us in the trend direction so I will test and let you know how it goes.....
More in 2010! Happy new year to all.
  • #53
  • Dec 30, 2009 6:18pm Dec 30, 2009 6:18pm
This indicator will also enable you to have your 5Min MACD cross on the 1Min chart. When you load this indi. on your chart go to inputs and where it says Timeframe you would enter 5 , then enter your settings 21,34,&5. You won't see the Histogram but you will clearly see where the MACD crosses the zero line which gives you your entry signal

This would be an alternative to Flamenco's idea if you don't want to resize two charts. By the way, Flamenco is an excellent trader and very creative {Ride Captain, Ride}

May you all enjoy good health and prosperity in the "New Year"....T-Wolf
Attached Image (click to enlarge)
Click to Enlarge Name: multi timeframe macd.gif Size: 29 KB
Attached File(s)
File Type: ex4 MTF_MACD_inColor.ex4   4 KB | 783 downloads
  • #54
  • Dec 31, 2009 8:54am Dec 31, 2009 8:54am
could you please explain the trading system once agian.

I have attached EUR/USD chart for reference.


I hav attached 1 min and 5 min tpl for chart with the indicators as suggested.

pl. explain the entry point SL and target for this attached chart.

This will help me understand the trading mechanism for this system

rgds,
Smok
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_02 Dec. 31 20.19.gif Size: 26 KB
  • #55
  • Dec 31, 2009 10:19am Dec 31, 2009 10:19am
Really nice setup, just two pointers.

1. When the 5 min macd crosses, like I said before,
I strongly recommend checking your 1 min macd's still
all agree with the trade. Preferably, they strongly agree
if you are using macd in color by mladen or
rads macd colored (on your 1 minute charts)
you can see the strength in color
as well and that helps.

If just one of the short term macds dont agree, if price hasn't
moved much since the signal, ie 5 min macd cross, then
you can also enter when the short term macd change back
to agree with the signal.

2. On the 1 min chart I recommend adding the 600 ema
in bold colors as it is strong support and resistance
on the 1 min and very reliable, along with the 144 or 200 ema.

All the best and Happy New Year!

Brian
  • #56
  • Dec 31, 2009 12:54pm Dec 31, 2009 12:54pm
I think N2 has a good point, like any system you need to be watching price action and only use the indi as a confirmation...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 79 KB
  • #57
  • Jan 1, 2010 3:14am Jan 1, 2010 3:14am
Quoting smok_signal
could you please explain the trading system once agian.

I have attached EUR/USD chart for reference.


I hav attached 1 min and 5 min tpl for chart with the indicators as suggested.

pl. explain the entry point SL and target for this attached chart.

This will help me understand the trading mechanism for this system

rgds,
Smok
Thanks for your question, however I cannot answer since the diagram for your 1M chart isn't included in your post. If it's not too late to go back and find the setup, can you please repost and I will answer your question.

Many thanks. Kirk
Trade to Live - Don't Live to Trade
  • #58
  • Jan 3, 2010 2:55pm Jan 3, 2010 2:55pm
Quoting thunderwolf
This indicator will also enable you to have your 5Min MACD cross on the 1Min chart.
Great share thunderwolf!
  • #59
  • Jan 3, 2010 3:27pm Jan 3, 2010 3:27pm
Hey Thanks to Twolf for that indicator he provided. I am having problems with it..His post said that you would not get the histograms..My attachment shows the histogram along with the cross lines...I have also attached the inputs tab in which I input the same numbers as T-wolf stated in his post...Any help would be thankful. I just need to get the histogram off and looking like t-wolfs post..Thanks for any advise or help..thanks
Attached Image (click to enlarge)
Click to Enlarge Name: platform.gif Size: 71 KB
Attached Image
  • #60
  • Jan 3, 2010 5:55pm Jan 3, 2010 5:55pm
Quoting jimbnc
Hey Thanks to Twolf for that indicator he provided. I am having problems with it..His post said that you would not get the histograms..My attachment shows the histogram along with the cross lines...I have also attached the inputs tab in which I input the same numbers as T-wolf stated in his post...Any help would be thankful. I just need to get the histogram off and looking like t-wolfs post..Thanks for any advise or help..thanks



Signal sma should be 1
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