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4 Hour Strategy (MACD)

  • #21,761
  • Jan 6, 2010 2:16pm Jan 6, 2010 2:16pm
Guys,

I have a question for anyone that can help me out, my broker MIG investments has recently moved to using an extra decimal point e.g. 1.60125 which has messed up the custom MACD v 102 indicator - has anyone coded another version to get around this problem or am I going to have todo it myself?

Any help would be grateful.

I will be also uploading the trade review from the trade I placed yesterday later on tonight.

Cheers WG
  • #21,762
  • Jan 6, 2010 3:06pm Jan 6, 2010 3:06pm
Quoting saka
This is my 1st trade in 2010, eu's trade.

Entered at 5th Jan 12:00 GMT+1, eu had formd a V top pattern with engulf. I looked at other pairs, and confirmed that dollar would become strong.

enter: 1.4414
SL: 1.4482
Risk: 3%
TP: 1.4330 with managment

Result: totally 20pips with 1% ROE
Hi Saka, great to see your trade. Well done.
I entered AU on 31 Dec on low volume and messed up some trades with breaking MM rules ;( now I have to be more patient and learn some more lessons.
Take care
  • #21,763
  • Edited 6:32pm Jan 6, 2010 4:14pm | Edited 6:32pm
Here is a slow trade I'm in for the day. The first chart is the daily. It shows a (almost) belt holding candle that broke though the neck line of the previous down moves from before the holidays. The next chart shows the fib of that move on the one hour. There was not a signif pullback on the 1 hr so when it broke and closed above the 100%/0% I opened a position. I'm still in but only about 30 pips in the positive after about 7 hrs. I have a trendline under the lows at 3 different points and if that is broken I'm out or if it hit 0.9237


edit: out for 27 pips

Edit 2: Got out 1 hr too early...rats...it just hit my profit target
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 010610-part1.gif Size: 53 KB
Click to Enlarge Name: 010610-part2.gif Size: 49 KB
  • #21,764
  • Jan 6, 2010 4:19pm Jan 6, 2010 4:19pm
Quoting welshguy2000
Guys,

I have a question for anyone that can help me out, my broker MIG investments has recently moved to using an extra decimal point e.g. 1.60125 which has messed up the custom MACD v 102 indicator - has anyone coded another version to get around this problem or am I going to have todo it myself?

Any help would be grateful.

I will be also uploading the trade review from the trade I placed yesterday later on tonight.

Cheers WG
I know you just have to add a zero after each number...15 to 150, but I have not done it to the custom indicator program. So if I want to focus in on it I just add the zero, but as soon as I change screens it goes back to the default (just being 15, 30...) I have not attempted to change it under the custom indicator yet. I going to tackle that over the week-end
Raymond
  • #21,765
  • Jan 6, 2010 6:26pm Jan 6, 2010 6:26pm
Quoting welshguy2000
Guys,

I have a question for anyone that can help me out, my broker MIG investments has recently moved to using an extra decimal point e.g. 1.60125 which has messed up the custom MACD v 102 indicator - has anyone coded another version to get around this problem or am I going to have todo it myself?

Any help would be grateful.

I will be also uploading the trade review from the trade I placed yesterday later on tonight.

Cheers WG
Check the www.fxtradeblog.com website for the 5 digit MACD version...

I've been a little under the weather this week and have put the charts aside until my head clears up....
  • #21,766
  • Jan 6, 2010 10:55pm Jan 6, 2010 10:55pm
Quoting welshguy2000
Guys,

I have a question for anyone that can help me out, my broker MIG investments has recently moved to using an extra decimal point e.g. 1.60125 which has messed up the custom MACD v 102 indicator - has anyone coded another version to get around this problem or am I going to have todo it myself?

Any help would be grateful.

I will be also uploading the trade review from the trade I placed yesterday later on tonight.

Cheers WG
WG,
here is the decimal one which is also on Palmer's site as well.......
Hope it helps
Attached File(s)
File Type: zip macdv102dec.zip   2 KB | 480 downloads
Keeping Life Simple
  • #21,767
  • Jan 7, 2010 8:03am Jan 7, 2010 8:03am
Thanks to everyone here for keeping this method the same since day one.

I've been a silent observer here for a while and I believe that this is one of the top learning and no nonsense threads anywhere. The James16 group and the people here in the 4 Hr method are the best!
  • #21,768
  • Jan 7, 2010 8:47am Jan 7, 2010 8:47am
Quoting Fish
Thanks to everyone here for keeping this method the same since day one.

I've been a silent observer here for a while and I believe that this is one of the top learning and no nonsense threads anywhere. The James16 group and the people here in the 4 Hr method are the best!
That is the key to solid trading.
  • #21,769
  • Jan 8, 2010 7:18am Jan 8, 2010 7:18am
Takin' the day off.....

Roll Tide!
Attached Image
  • #21,770
  • Jan 8, 2010 8:32am Jan 8, 2010 8:32am
hello Palmer,

wassssuuuuuuuppp...!!!!
  • #21,771
  • Jan 8, 2010 10:00am Jan 8, 2010 10:00am
When I put values
5 - fast Ema - Short periods
13 - slow Ema - Long periods
1 - MACD EMA - Signal periods

And I getting JUST one line and histogram stay on 0.
Please HELP
Please tell me how to configure VT Trader 2.0.
  • #21,772
  • Jan 8, 2010 11:51am Jan 8, 2010 11:51am
Hello Everyone. I too have been a silent follower of this thread for years and I love using Phillips methods, though I still have to work on the patience part .

Question: I had my email settings in MT4 working perfectly when I was using FXDD but then recently switched brokers to MBT. Now I setup my email settings in MT4 the same way I had them before and I can successfully send test messages but I don't receive alerts from the MACD indicator or manual alert entries. If I look in the journal it says message sent with no error but I never receive it. The test messages gets receieved almost instantly on my phone. Any ideas?

I also rebuilt my machine with a clean install of Windows 7 but I am not sure if that would have anything to do with it. The fact that test messages work fine has me stumped.

Thanks for any insights.

Topgun
  • #21,773
  • Jan 11, 2010 11:05am Jan 11, 2010 11:05am
I am looking at the USD/CHF and waiting for the current 4H candle close. This is a counter trend trade after a nice bearish move down and as you can see we might be forming a tweezer bottom if the candle closes with current conditions. I will then go long with 8ema and 21ema as my profit target. Will wait and see. will update in a few.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf countertrend trade.gif Size: 27 KB
Keeping Life Simple
  • #21,774
  • Jan 11, 2010 1:15pm Jan 11, 2010 1:15pm
Quoting Palmer
Takin' the day off.....

Roll Tide!

Roll Tide. Alabama represent!
  • #21,775
  • Jan 11, 2010 4:57pm Jan 11, 2010 4:57pm
Entry was made @ 1.01650
stop loss @ 1.01350
Target to the 8ema or middle of the 8 and 21ema, will watch this trade closely as it is a counter trend trade and with every counter trend trade, one must watch closely as it can turn around very fast and take but that is why we have proper money management and stop loss, always have a stop loss
Keeping Life Simple
  • #21,776
  • Jan 11, 2010 6:48pm Jan 11, 2010 6:48pm
out of my USD/CHF trade, one I don't like to hold on to counter trend trades too long and second I don't really trade the USD/CHF but closed with 10 pips in the bag so money management is key. I rather bag 1 pip than let it stop me out. Whenever there is any doubt and you are not confident about the trade you put in, close it no matter what..............
Keeping Life Simple
  • #21,777
  • Jan 11, 2010 7:31pm Jan 11, 2010 7:31pm
Quoting big_pipin
Roll Tide. Alabama represent!

Heck yeah! Rolando is going pro though, kinda figured that would happen. Hopefully Hightower's knee is better by the Spring game, still soakin' it all in..

oRange....Yo!

The EURUSD looks like it's trying to get going to the upside but I keep hearing talk about the Fed wanting to raise rates so it all comes down to the same story, I'll let the charts have the last word...on the sidelines for the 4 hour opportunities for now....Keeping an eye on the $Yen as well.
  • #21,778
  • Jan 11, 2010 7:33pm Jan 11, 2010 7:33pm
Quoting djkonik
When I put values
5 - fast Ema - Short periods
13 - slow Ema - Long periods
1 - MACD EMA - Signal periods

And I getting JUST one line and histogram stay on 0.
Please HELP
Please tell me how to configure VT Trader 2.0.
If that's Virtual Trader 2.0, you may want to send a ? to your broker about that one. The majority of people here use Metatrader. I'm sure VT supports these settings.
  • #21,779
  • Jan 11, 2010 7:35pm Jan 11, 2010 7:35pm
Quoting Topgun_68
Hello Everyone. I too have been a silent follower of this thread for years and I love using Phillips methods, though I still have to work on the patience part .

Question: I had my email settings in MT4 working perfectly when I was using FXDD but then recently switched brokers to MBT. Now I setup my email settings in MT4 the same way I had them before and I can successfully send test messages but I don't receive alerts from the MACD indicator or manual alert entries. If I look in the journal it says message sent with no...
Hmmm, you may want to drop by the Programming thread here on the FF for this even though it is not code related but there are plenty of MT4 tech heads there that could help with that one....
  • #21,780
  • Jan 11, 2010 8:27pm Jan 11, 2010 8:27pm
Quoting time1300
out of my USD/CHF trade, one I don't like to hold on to counter trend trades too long and second I don't really trade the USD/CHF but closed with 10 pips in the bag so money management is key. I rather bag 1 pip than let it stop me out. Whenever there is any doubt and you are not confident about the trade you put in, close it no matter what..............
As anticipated, price did move back up to between the 8ema and 21ema but I have since closed my trade and as Palmer suggested, am eyeing the 4h as we might get a continuation here...........will wait for the charts to confirm
Keeping Life Simple
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