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4 Hour Strategy Macd+other Indicator 21 replies

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Attachments: 4 Hour Strategy (MACD)
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4 Hour Strategy (MACD)

shoting gbpusd on candle close @1,5238, r=104

lower high and move off 21

edit:
0,5r reached, 1/4 tp taken, sl to be
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I saved a copy of your system coz it looks very interesting and well planned with compete details.

I do really appreciate your time and effort for sharing this to all FF traders.
More power to you.
Sorry for the late post. Here is a trade I took on the 20th. First chart is the daily. Notice the yellow fib and the 61.8% retracement from the 5th wave. The 61.8% is a strong resistance. When price gets around those retracements, I will start looking for candle formations and MACD divergence on the 4 hr. The next chart is the 4 hr. Notice the divergence on the MACD and the shooting star candle indicated by the arrow. I only got 60 pips on this...left a little meat on the bone, but it was a CT trade
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Here is something on my radar. Below it a monthly chart. Just thought people might be interested in the morning star forming (the month is not finished yet) indicating higher prices to come, very long term of course. However, big institutions like to trade longer time frames and I know this is showing up on their radar
Edit: The morning star is at the 50% retracement from the big move up. I forgot to put it on this chart before I erased it.
Raymond
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Quoting Morelands
Sorry for the late post. Here is a trade I took on the 20th. First chart is the daily. Notice the yellow fib and the 61.8% retracement from the 5th wave. The 61.8% is a strong resistance. When price gets around those retracements, I will start looking for candle formations and MACD divergence on the 4 hr. The next chart is the 4 hr. Notice the divergence on the MACD and the shooting star candle indicated by the arrow. I only got 60 pips on this...left a little meat on the bone, but it was a CT trade
Morland,
I notice you and some others have figures in the MACD window (like 24, etc.). What are these figures?
Thank you
Quoting MidnightRun
Morland,
I notice you and some others have figures in the MACD window (like 24, etc.). What are these figures?
Thank you
I think you are talking about the date I posted. Other than that I'm not sure what you are asking
Raymond
candle close, shorting cad @1,0354, r=50, bounce off 8ema

edit: 1/4 tp taken at 0,5r, sl set to be
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Quoting ashes
candle close, shorting cad @1,0354, r=50, bounce off 8ema
Ashes,
What is figure 1 in the MACD window next to the last MACD bar?
Thank you
Quoting MidnightRun
Ashes,
What is figure 1 in the MACD window next to the last MACD bar?
Thank you
not sure, might have sth. to do with the macd signal sma distance from 0 line. I don't relate my trading to it.

to MidnightRun


The number next to the last MACD bar says how many pips should the market move to change the color of MACD (for giving trading signal). The signal is given when the fast moving EMA (EMA 5) crosses the slow moving EMA (EMA 13). But... don`t forget the actual candle closing time which gives the signal, cause there`s no signal without candle closing. Only in case you have experience enough to be sure that the price is not going to chance the direction before candle closing you can place your trade 1 or 2 hours earlier before the actual 4h candle closing will take place. Keep in mind that MACD signal is only for timing your entry, everything else should be confirming the expected move.

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Can someone teach me how to edit and remove the number (986) next to MACD bar permanently?
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Quoting silverfox88
Can someone teach me how to edit and remove the number (986) next to MACD bar permanently?
I think it's because of MACD indicator (horizontal levels are kind of weird too), try with decimal version, you can find it here:
http://www.fxtradeblog.com/tools.html#indicators
I hope it helps.
Quoting mkain
I think it's because of MACD indicator (horizontal levels are kind of weird too), try with decimal version, you can find it here:
http://www.fxtradeblog.com/tools.html#indicators
I hope it helps.
Hi mkain,

Thanks for the link. I think it need to be edit in the formula created using Metaeditor. But I am not sure how to get it done.
Quoting silverfox88
Hi mkain,

Thanks for the link. I think it need to be edit in the formula created using Metaeditor. But I am not sure how to get it done.
That number is not so important in my opinion, I had similar problem, this is how my chart looks like with MACD decimal version.
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Quoting mkain
That number is not so important in my opinion, I had similar problem, this is how my chart looks like with MACD decimal version.
Yes, agree with you that the number is not important & that's why I want to remove it. Anyway, thanks for trying to help. Cheers...
easy way is to change colour to screen colour.Right click on screen,select indicators,macdcolored,edit,inputs,click font colour and chage to your screen colour.
Quoting silverfox88
Yes, agree with you that the number is not important & that's why I want to remove it. Anyway, thanks for trying to help. Cheers...
I noticed the earliest version of MACD which is listed in page 1 does not have the number which is i what needed

MACD_H4_300_v100.mq4
I was just wondering what anybody's opinion was on this set up. I intend to close my shorts and go long off 86.50 because of this being a monthly level. If we look at bullish divergence it's apparent on this chart but more apparent on the daily and the monthly for rsi and stochastics - well, pretty much any oscillator. Could be a trend change here but if there isn't, where next?

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Gone to a better place
Hi everyone , i' have tried the system , it works well for me . It's very kind when someone have MTF MACD with setting (5,13,1 - Just like the indicator in this post ) but what i want is that the indicator shows only the histogram bar in 4 or 5 TF ( we can choose the time frame ) .
It is quiet in here, the markets are slow these months. I want to share a trade that i took yesterday, it is my first trade for August.

G/U price closed below 21, retested it and with Phil's rules should go to the 89. That's exactly what happened. Nice pips in the pocket.

We have +50, I don't know how is in your plaece, but here it feels like you are sitting in a hot oven .
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