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Attachments: 1M / 5M RSG System
Exit Attachments

1M / 5M RSG System

  • #61
  • Jan 4, 2010 1:34am Jan 4, 2010 1:34am
Hey kirkleaforex
I have been trading similar system now for several months and have been looking for my primer which is MACD an alert. I downloaded your MACD but the alert does not work for me . If it is possible can you look into it a bit more also if it is possible to let users choose the alert type? So if one would like to use it with several pairs then one would know what pair alerted.

Regards
Kristjan
  • #62
  • Edited 7:13am Jan 4, 2010 6:59am | Edited 7:13am
Many thanks go to Buffalopip for sharing his MACD Alert indi, which I am now using.

I have found it very difficult to locate a MACD with sound alert but this one has it all. Kristjantelve, it may be the answer you are looking for also.

Try it out - I have given the latest template files and reposted the MACD Alert indi below. See pics of the new setup also.

There was an unbelievable signal just a few hours ago at 0805, which would have netted you around 80 pips. You would have been stopped out initially with the 20 pip retrace, but on re-entry there was a killing to be made.

EU is still heading North in my opinion, but let's wait for the signals to line up again and see.

Kirk.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1m rsg.gif Size: 30 KB
Click to Enlarge Name: 5m rsg.gif Size: 29 KB
Attached File(s)
File Type: tpl 1m rsg.tpl   4 KB | 771 downloads
File Type: tpl 5m rsg.tpl   2 KB | 733 downloads
File Type: mq4 MACD_ColorHist_Alert.mq4   11 KB | 892 downloads
File Type: ex4 MACD_ColorHist_Alert.ex4   14 KB | 725 downloads
Trade to Live - Don't Live to Trade
  • #63
  • Jan 4, 2010 7:22am Jan 4, 2010 7:22am
Quoting kirkleaforex
Many thanks go to Buffalopip for sharing his MACD Alert indi, which I am now using.

I have found it very difficult to locate a MACD with sound alert but this one has it all....
Nice thread and method Kirk. You're right about the last set up. I placed my buy order last night before I went to bed and woke up this morning to find that my order was stopped out by that retracement. Then price took off. Too bad I was sleep when the move happened. I'll be following along and thanks for this simple scalping method.
  • #64
  • Jan 4, 2010 8:04am Jan 4, 2010 8:04am
Quoting kirkleaforex
Many thanks go to Buffalopip for sharing his MACD Alert indi, which I am now using.

I have found it very difficult to locate a MACD with sound alert but this one has it all....
Thank you will give it a try.

Regards

Kristjan
  • #65
  • Jan 4, 2010 5:55pm Jan 4, 2010 5:55pm
Hey guys, no news in sight for quite a while so thought I'd give this trade a go.

Sideways market so unsure of outcome; this will be a test.

Entered at 1.4417 with 1 lot with 10 pip SL. Will post results.

Kirk.
Attached Image (click to enlarge)
Click to Enlarge Name: new trade taken 2350.jpg Size: 119 KB
Trade to Live - Don't Live to Trade
  • #66
  • Jan 4, 2010 7:30pm Jan 4, 2010 7:30pm
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

Hello Jimbnc,

Could you please share your indicator? The one labelled Ir Eko Cahyono.
I have one that is similar (nina), but it eats up lots of computer memory.

Thanks.
  • #67
  • Jan 4, 2010 11:47pm Jan 4, 2010 11:47pm
Trade taken earlier at 2350 was stopped out for -10 pips. Started to take off and was up 25 pips or so early but retraced. Never mind, was a test run only for a ranging market.

New trade taken at 0335, 1 lot at 1.4424, 10 pip SL; see below diagrams.

Kirk.
Attached Image (click to enlarge)
Click to Enlarge Name: new trade taken 0335.jpg Size: 115 KB
Trade to Live - Don't Live to Trade
  • #68
  • Jan 5, 2010 3:46am Jan 5, 2010 3:46am
A good result this time with almost 50 pips in the bank.

Reasons for taking profit at this level were:

- negative divergence on the 1M chart for both red and orange MACD's;
- this divergence corresponded with the first dark green bar showing on the 1M green MACD, indicating weakness;
- this also corresponded with the first green dark bar on the 5M green MACD, indicating weakness.

Very nice result, considering we were still ranging a little at the initial signal.

Kirk.
Attached Image (click to enlarge)
Click to Enlarge Name: result 0335 trade.jpg Size: 120 KB
Trade to Live - Don't Live to Trade
  • #69
  • Jan 5, 2010 3:53am Jan 5, 2010 3:53am
Strong 5M signal at 0820 however several reasons for not taking the trade:

- price too close to 600EMA;
- BOTH red and orange 1M MACD's were rising, even though they were below 0;
- price had just rapidly fallen 50 or so pips and on the 5M chart was close to the 144EMA.

See diagrams.
Attached Image (click to enlarge)
Click to Enlarge Name: trade not taken 0820.jpg Size: 116 KB
Trade to Live - Don't Live to Trade
  • #70
  • Jan 5, 2010 3:29pm Jan 5, 2010 3:29pm
This is my first programming effort. I modified the MACD alert a bit so now each person can select what kind of audio alert he wants for the indicator. You can convert text into a *.waw fail here http://www2.research.att.com/~ttsweb/tts/demo.php then download it to your MT4 sound folder, rename it to what ever fail name you want when you have done that attach the modified indicator to your chart and in indicator settings replace the SoundAlert.Long and Short fail names you gave to your audio fails you made before. I attached the sample audio fails for euro and the indicator has already as default the euro built in so if you want to use it on euro you do not have to do nothing more than just place the audio files to the MT4 audio folder and apply the indicator to the chart.

Regards

Kristjan
alias Cribu
Attached File(s)
File Type: zip MACD indi with alert.zip   83 KB | 735 downloads
  • #71
  • Jan 5, 2010 5:44pm Jan 5, 2010 5:44pm
I can't take credit for the indie... was just sharing what another helpful person was kind enough to share , and in return post it here hoping it would help .... appears it has .... glad i could help ..........buffalopip.....
  • #72
  • Edited 6:55pm Jan 5, 2010 6:33pm | Edited 6:55pm
Thanks Kirk!

I combined RSG System with my strategy - the result of two days "training" in the attached files! And how your success?

The principle of my strategy: a tendency to M15 and H1. Orders open on the M5 and M1.

I wish all the profit!

Zukkerro

Add to my post: trends clearly seen through the trading system "Vegas"!

Very simple and clear! You can add the MACD and scalp and with RSG and Vegas. Go on template - especially to help newcomers navigate the trend!


P.S. Sorry for my english - translate the messages using the Google-translate!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: RSG_1.jpg Size: 239 KB
Click to Enlarge Name: RSG_2.jpg Size: 151 KB
Click to Enlarge Name: RSG_3.jpg Size: 77 KB
Attached File(s)
File Type: tpl 6_vegas.29.12.2009.tpl   1 KB | 535 downloads
  • #73
  • Jan 5, 2010 7:42pm Jan 5, 2010 7:42pm
Don't you think that 2 moving averages for such little timeframes would be more than enough?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 58 KB
Best regards, Andrew Forex
  • #74
  • Jan 5, 2010 10:51pm Jan 5, 2010 10:51pm
Hi Kirk

So you do not trade aginst the 5 M (144 EMA) , For example If the price action under the 144 on the 5 M and Over 144 On M1 You don't buy based on M1 , Correct you wait for the price to go down under the 144 on M1 to sell correct?




Quoting kirkleaforex
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.
  • #75
  • Jan 6, 2010 1:17am Jan 6, 2010 1:17am
Quoting kristjantelve
This is my first programming effort. I modified the MACD alert a bit so now each person can select what kind of audio alert he wants for the indicator. You can convert text into a *.waw fail here http://www2.research.att.com/~ttsweb/tts/demo.php then download it to your MT4 sound folder, rename it to what ever fail name you want when you have done that attach the modified indicator to your chart and in indicator settings replace the SoundAlert.Long and Short fail names you gave to your audio fails you made before. I attached the sample...
I have used that site link and downloaded three alerts to test:

1) 1 minute green MAC D crossed zero - wait for 5 minute go signal;
2) 5 minute go signal achieved - buy euro;
3) 5 minute go signal achieved - sell euro.

I am very thankful for your input to help make things simpler and more automated.

Kirk.
Trade to Live - Don't Live to Trade
  • #76
  • Jan 6, 2010 1:21am Jan 6, 2010 1:21am
Quoting Zukkerro
Thanks Kirk!

I combined RSG System with my strategy - the result of two days "training" in the attached files! And how your success?

The principle of my strategy: a tendency to M15 and H1. Orders open on the M5 and M1.

I wish all the profit!

Zukkerro

Add to my post: trends clearly seen through the trading system "Vegas"!

Very simple and clear! You can add the MACD and scalp and with RSG and Vegas. Go on template - especially to help newcomers navigate the trend!


P.S. Sorry for my english - translate the...
Hi Zukkerro and thanks for your input. I am a big fan of Google Translate also! I will review your template and indicators and let you know what I think.

To be honest I am more keen on losing indicators rather than having ones added to this system, but all ideas are welcome here. Let's see what others think?

Thank you. Kirk.
Trade to Live - Don't Live to Trade
  • #77
  • Jan 6, 2010 1:27am Jan 6, 2010 1:27am
Quoting Andrew Forex
Don't you think that 2 moving averages for such little timeframes would be more than enough?
Hey Andrew Forex, welcome to the thread.

I am unsure of your level of experience with the forex, however your idea may well be appropriate for some who are better at judging price action than myself. Perhaps I could lose the 13/21 cross, but I still find it useful to some degree.

Indeed, some traders like trading "naked", i.e. without a single indicator, while at the other extreme some like their screens to look like a colourful piece of art.

For me, I need to hear the alarms bells as a setup develops and then wait for confirmation on the 5M TF. A simple 5M EMA crossover does not always mean a perfect setup, and I find the 1M signals go some way in helping me feel more confident in taking a trade or not.

If you feel that 2 MA's on these smaller TF's is enough for you to trade well, then I am envious! LOL

Kirk.
Trade to Live - Don't Live to Trade
  • #78
  • Jan 6, 2010 2:59am Jan 6, 2010 2:59am
Quoting tazzam72
Hi Kirk

So you do not trade aginst the 5 M (144 EMA) , For example If the price action under the 144 on the 5 M and Over 144 On M1 You don't buy based on M1 , Correct you wait for the price to go down under the 144 on M1 to sell correct?
Hey mate, thanks for the question.

The 144EMA is something I like to use as I notice price action changes often around this MA on all TF's. Apart from that I like it because it is a Fibonacci number, as are all of the MA's that I use in this system.

Although I don't mention it in my system notes, I will be more cautious about taking a sell signal when price is above the 144EMA on 1M. It is not a hard and fast rule, because I will generally take a trade based on the 5M GO signal regardless; the 10 PIP SL is not a big amount to lose, and I can re-enter any time if the signals are still there.

It is something that I have spent a long time watching on the screen and I will get a "feel" whether I should trade or not if price is on the "wrong" side of the 144EMA, partly based on the red and orange MACD action, partly based on price action etc.

If you are not that concerned about losing the odd 10 pips here and there, then perhaps (on a DEMO) take every trade signal regardless of where price is, and trial whether there is much difference between taking trades where price is on the same side as the 144EMA and where price is on the other side.

Does all of this make sense? Did I answer your question? Hope so!

Kirk.
Trade to Live - Don't Live to Trade
  • #79
  • Jan 6, 2010 3:54am Jan 6, 2010 3:54am
Quoting Andrew Forex
Don't you think that 2 moving averages for such little timeframes would be more than enough?
Отвечу по русски Так удобнее Для ребят сделаю перевод.

Если твой вопрос касался моего скрина про систему Вегас - то там каждый мувинг отвечает за свою функцию и без каждого из них система не будет работать.

Translate:

If your question was about my system Scrin Vegas - there every MA responsible for its function, and without each of them the system will not work.
  • #80
  • Jan 6, 2010 7:33am Jan 6, 2010 7:33am
Quoting kirkleaforex
Hey Andrew Forex, welcome to the thread.

I am unsure of your level of experience with the forex, however your idea may well be appropriate for some who are better at judging price action than myself. Perhaps I could lose the 13/21 cross, but I still find it useful to some degree.

Indeed, some traders like trading "naked", i.e. without a single indicator, while at the other extreme some like their screens to look like a colourful piece of art.

For me, I need to hear the alarms bells as a setup develops and then wait for confirmation on the 5M...

I use 8 and 21 simple MAs on that chart . But actually, that does not matter what settings to use. I need MAs to define the trend direction and points to jump in the market. For exits there should be some strict rules and a great number of indicators will be useless, especially while explosive reversing the price.
Best regards, Andrew Forex
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