5 minute MACD system | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trend Follower 5 Minute System 3,787 replies

Anyone Knows how to read this MACD? What type of MACD is this? 6 replies

Traditional MACD histograms vs MT4's MACD Coding 8 replies

Help with MACD & MA of MACD Cross indicator 0 replies

no MACD line on MT4 MACD indicator 1 reply

Attachments: 5 minute MACD system
Exit Attachments

5 minute MACD system

  • #1
  • First Post: Edited Apr 16, 2009 6:06am Apr 15, 2009 12:08pm | Edited Apr 16, 2009 6:06am
I wanted to share this trading system I've come up with, I've been testing it for about 4 weeks, any ideas for improvements ?

The Indicators
60SMA
long term MACD 30,60.30
Short term MACD 12,26,5
5 min candle chart

The Rules

  1. I only trade from 7am to 1pm GMT, max 2 trades
  2. The long term MACD is used to give us the direction in which we can take trades, eg when the histogram is positive take long trades and when negative only take short trades.
  3. Once we have a trend going on the long term MACD look for a pullback on the short term MACD, it must go negative on the histogram for a least one bar, ofen it will go bearish for a few bars, on the first positive short term bar (wait for close of bar) go long with 2 lots. The long term MACD should still be going up.
  4. Stop goes below the lowest low of the last 3 bars.
  5. move stop to breakeven once first profit target is hit.
  6. Take profits on second postion at 2x risk

I have attached an image as an exsample,
[IMG]file:///C:/Users/Simon/AppData/Local/Temp/moz-screenshot.jpg[/IMG]

Attached Image (click to enlarge)
Click to Enlarge Name: audusd MACD5.jpg Size: 109 KB
  • #2
  • Apr 15, 2009 2:28pm Apr 15, 2009 2:28pm
Quoting pimonseter
I wanted to share this trading system I've come up with, I've been testing it for about 4 weeks, any ideas for improvements ?
Thank you for SHARE, nice that youve been testing FOR 4 WEEKS, and i would like to ask ... have you ever traded live any method ?

Thank you
Browsing forexfactory since 2006
  • #3
  • Apr 15, 2009 5:05pm Apr 15, 2009 5:05pm
Yes I've been trading live for 2 years, I will update with a better explanation regarding my system when i have the time.
  • #4
  • Apr 15, 2009 11:20pm Apr 15, 2009 11:20pm
Is there a way to get MT4 to overlay MACDs with the SAME zero line?

Thanks for sharing!
  • #5
  • Apr 16, 2009 1:23am Apr 16, 2009 1:23am
Thanks for sharing
  • #6
  • Apr 16, 2009 3:02am Apr 16, 2009 3:02am
I only take trades from the first two pullbacks that occur as indicatored by the long term MACD.
eg. The long term MACD starts to trend up, within the up trend I'm allowed to take two trades from pullbacks on the shorter term MACD.
If the long term MACD loses stream ie you get a signal to start looking for sell trades start the process again and wait for another pullback on the short term MACD.

I sometimes use the last swing low for my stop, this seems to work better for short trades, short trades seem to need more room to move, but that could also be because the overall trend has been up for the last few weeks.

I only take long trades with bullish candles and short trades with bearish candles.

Most of my testing as been with the EURUSD or AUDUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot008.jpg Size: 143 KB
  • #7
  • Apr 16, 2009 3:09am Apr 16, 2009 3:09am
Quoting Thruline
Is there a way to get MT4 to overlay MACDs with the SAME zero line?

Thanks for sharing!
Goto view/navigator (so you can see the nav window to the left of the screen)

Click to expand the Indicators list and drag the indicator you require to the frame you want to to be.

I don't really use MT4 sorry, when I tried to overlay two indicators I was having the same problem, there seem to be off-set for some reason.
  • #8
  • Apr 16, 2009 3:32am Apr 16, 2009 3:32am
Trade from this monring, second target was just below 7200 sometimes it's best to be a bit flexible with a few pips.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot004.jpg Size: 98 KB
  • #9
  • Apr 16, 2009 3:43am Apr 16, 2009 3:43am
That's very interesting,I will test it for sure!
  • #10
  • Apr 16, 2009 7:58am Apr 16, 2009 7:58am
I used the swing low for my stop in this trade
T1 = take profits on half
T2= take profits
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot006.jpg Size: 64 KB
  • #11
  • Feb 6, 2010 6:05am Feb 6, 2010 6:05am
Re FRIEND
I LIKE THIS SYSTEM

MUCH THANKS




Quoting pimonseter
I wanted to share this trading system I've come up with, I've been testing it for about 4 weeks, any ideas for improvements ?

The Indicators
60SMA
long term MACD 30,60.30
Short term MACD 12,26,5
5 min candle chart


The Rules[list][*]I only trade from 7am to 1pm GMT, max 2 trades[*]The long term MACD is used to give us the direction in which we can take trades, eg when the histogram is positive take long trades and when negative only take short trades.[*]Once we have a trend going on the long term MACD look for a pullback on the short...
  • #12
  • Feb 6, 2010 12:36pm Feb 6, 2010 12:36pm
please post your template..thanks..
  • #13
  • Feb 7, 2010 8:20am Feb 7, 2010 8:20am
Hi pimonseter!

This settings for MACD is awesome!
Itīs very accurate! And easy to follow the rules!

Thanks!
  • #14
  • Feb 7, 2010 11:32am Feb 7, 2010 11:32am
Hi pipmonseter,

Why do you use the sma 60?
in your further explanations you don't talk about it..

good system, thanks for sharing

dutchsignals
  • #15
  • Feb 7, 2010 10:30pm Feb 7, 2010 10:30pm
Quoting pimonseter
I wanted to share this trading system I've come up with, I've been testing it for about 4 weeks, any ideas for improvements ?

The Indicators
60SMA
long term MACD 30,60.30
Short term MACD 12,26,5
5 min candle chart

The Rules[list][*]I only trade from 7am to 1pm GMT, max 2 trades[*]The long term MACD is used to give us the direction in which we can take trades, eg when the histogram is positive take long trades and when negative only take short trades.[*]Once we have a trend going on the long term MACD look for a pullback on the...
what's the 60 sma`for?
what is your first profit target?
  • #16
  • Feb 8, 2010 1:06pm Feb 8, 2010 1:06pm
pimonseter looks like great system, thanks for sharing.
I just think that as long as SMA (which i believe is applied to PRICE_CLOSE) > Open[0] there is no need to wait FastMACDMain > 0 and FastMACDSignal > 0...
  • #17
  • Feb 15, 2010 5:04am Feb 15, 2010 5:04am
Helloo


I can,t understand hom to use MACD, RSI, EMA
  • #18
  • Feb 15, 2010 6:13pm Feb 15, 2010 6:13pm
Hi Pimonseter,

Please provide indicator and template. I would like to test it on demo and see how it works. Thanks.
  • #19
  • Feb 15, 2010 7:03pm Feb 15, 2010 7:03pm
Hi ,,, your systekm look great, thankyou very much.

Would it be possilbe for you to share the MACD you use and also

the template.

Thankyou in advance.
  • #20
  • Feb 7, 2011 6:48pm Feb 7, 2011 6:48pm
good systems. do you get in at the start of a long term macd move
0 traders viewing now