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MACD Risk System

  • #21
  • Jan 20, 2011 12:34pm Jan 20, 2011 12:34pm
Quoting Bobcat2
SkyStriker,

Yes...I had your settings correct...problem persists. So, I installed MACD RISK on a different broker's MT4 platform, and it works just fine. My FXDD is a 4 digit setup whereas my PFG Best is a 5 digit setup. Could that be the culprit? I would expect all of the time frames to be flawed if that were the case.

Thanks for your help,
BC2
it could be corectly an problem of the trading platform version,they are many meta trader 4,look the same,but differently version,try other platforms it should work.
  • #22
  • Jan 20, 2011 12:59pm Jan 20, 2011 12:59pm
Quoting Bobcat2
SkyStriker,

Yes...I had your settings correct...problem persists. So, I installed MACD RISK on a different broker's MT4 platform, and it works just fine. My FXDD is a 4 digit setup whereas my PFG Best is a 5 digit setup. Could that be the culprit? I would expect all of the time frames to be flawed if that were the case.

Thanks for your help,
BC2
4-5 digit
Try this one
Attached File(s)
File Type: ex4 MACD RISK 4-5digit.ex4   7 KB | 829 downloads
  • #23
  • Jan 20, 2011 1:10pm Jan 20, 2011 1:10pm
Quoting SkyStriker
4-5 digit
Try this one
Seems to be working fine on all TF's at MBT as broker.

If you are going to keep improving the Indy, since you trade above the 0 line you could make it 4 colors to give it a "Lit" look as it crosses the line. Also the numerical values could be displayed on the chart and when you point your mouse at current bar.

I compared to other Indy's I use, it holds it own, but nothing special. Today is a smooth trending day on the Euro, about every signal I see is good, from stochastic to simple trend line break

cheers
  • #24
  • Jan 20, 2011 1:19pm Jan 20, 2011 1:19pm
Quoting goldsurfer
Seems to be working fine on all TF's at MBT as broker.

If you are going to keep improving the Indy, since you trade above the 0 line you could make it 4 colors to give it a "Lit" look as it crosses the line. Also the numerical values could be displayed on the chart and when you point your mouse at current bar.

I compared to other Indy's I use, it holds it own, but nothing special. Today is a smooth trending day on the Euro, about every signal I see is good, from stochastic to simple trend line break

cheers
What do you mean by 4 colors?
I am thinking about the mouse on bar digits,but I need to hide where the value comes from.
  • #25
  • Edited 1:59pm Jan 20, 2011 1:48pm | Edited 1:59pm
Quoting SkyStriker
What do you mean by 4 colors?
I am thinking about the mouse on bar digits,but I need to hide where the value comes from.

These settings just about nail your Indy

cheers
Attached Image
  • #26
  • Jan 20, 2011 2:08pm Jan 20, 2011 2:08pm
OK I will make it with 3 or 4 colors.
It will not be hard to do but it needs its time - you know
  • #27
  • Edited 4:26pm Jan 20, 2011 3:57pm | Edited 4:26pm
Quoting SkyStriker
OK I will make it with 3 or 4 colors.
It will not be hard to do but it needs its time - you know
I guess that was a bad illustration of 4 color MACD....using my personal style....this pic shows the 4 colors

cheers
Attached Image
  • #28
  • Jan 20, 2011 4:13pm Jan 20, 2011 4:13pm
Hi Skystriker

Thanks for sharing this system with us.

My question is what pairs does this work best on? and TF?
Best of luck with the system.

Cheers
  • #29
  • Jan 20, 2011 4:35pm Jan 20, 2011 4:35pm
Quoting goldsurfer
I guess that was a bad illustration of 4 color MACD....using my personal style....this pic shows the 4 colors

cheers

I know what a 4 colored histogram is
I will make it this night or tommorow - here it is 00:29 AM +2 GMT

Quoting momo2k11
Hi Skystriker

Thanks for sharing this system with us.

My question is what pairs does this work best on? and TF?
Best of luck with the system.

Cheers
I dont have the time for testing but as it is a MACD at the core so...if the MACD can be used on some pair MACD RISK can too.
That is why I told so many times see the smoothers option,but if you ask me...it is better to see the risk as soon as possible and the smoother can "blind" us.

I will be working on the indicator,so i am online and if you have any questions just ask.
  • #30
  • Jan 20, 2011 8:30pm Jan 20, 2011 8:30pm
Its so much easy to test with EA than manual visual testing. i visually scanned EU, GU, AU daily charts for last 3 years, i get around 700 pips each year. i take only first trade. if i have EA, then we can test for all signals.
  • #31
  • Jan 20, 2011 8:45pm Jan 20, 2011 8:45pm
Quoting roundrock
Its so much easy to test with EA than manual visual testing. i visually scanned EU, GU, AU daily charts for last 3 years, i get around 700 pips each year. i take only first trade. if i have EA, then we can test for all signals.
Here are the files...
Attached File(s)
File Type: mq4 MACD CHANCE v1.1.mq4   2 KB | 631 downloads
File Type: mq4 MACD RISK v1.1.mq4   3 KB | 656 downloads
  • #32
  • Jan 20, 2011 9:20pm Jan 20, 2011 9:20pm
do you use other indicator like rsi, obscillator?
thanks
i like your macd
  • #33
  • Jan 20, 2011 10:26pm Jan 20, 2011 10:26pm
Quoting roundrock
Its so much easy to test with EA than manual visual testing. i visually scanned EU, GU, AU daily charts for last 3 years, i get around 700 pips each year. i take only first trade. if i have EA, then we can test for all signals.
Did you also test/ compare regular MACD set 5 35 5?

See my previous post

cheers
  • #34
  • Edited 11:17pm Jan 20, 2011 11:04pm | Edited 11:17pm
Quoting goldsurfer
Did you also test/ compare regular MACD set 5 35 5?

See my previous post

cheers
Yes I did it a few days ago and it was more then 20% in favor of the MACD RISK.
At ~20% I've stoped counting.
The problem with all indicators is that the value is too volatile or too smoothen.
If you have a volatile indicator it will show you every price momentum loss as a TP or SL or new trade signal.
If you smooth the indicator you will be always too late(lags) for a good price entry.

So with this indicator i try to solve three problems - Entry,TP,SL


Take a look at the chart that i have attached.
The MACD is trending higher,but the MACD Chance is trending lower or is a hold.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd3.gif Size: 34 KB
  • #35
  • Jan 21, 2011 9:44am Jan 21, 2011 9:44am
Would be nice if the macd risk was able to alert when the color changes.

thx,
todd
  • #36
  • Jan 21, 2011 10:11am Jan 21, 2011 10:11am
Quoting SkyStriker
Yes I did it a few days ago and it was more then 20% in favor of the MACD RISK.
At ~20% I've stoped counting.
The problem with all indicators is that the value is too volatile or too smoothen.
If you have a volatile indicator it will show you every price momentum loss as a TP or SL or new trade signal.
If you smooth the indicator you will be always too late(lags) for a good price entry.

So with this indicator i try to solve three problems - Entry,TP,SL


Take a look at the chart that i have attached.
The MACD is trending higher,but the...

Sky,
So, do you want the MACD Risk to go in the opposite direction than the MACD Chance for a good entry?
  • #37
  • Jan 21, 2011 4:41pm Jan 21, 2011 4:41pm
Quoting todd960960
Would be nice if the macd risk was able to alert when the color changes.

thx,
todd
Thats easy
I will do it today.

Quoting cuddlebum
Sky,
So, do you want the MACD Risk to go in the opposite direction than the MACD Chance for a good entry?
I want the MACD risk > 0 if MACD > 0 for Long Position and MACD risk < 0 if MACD < 0 for Short Position
  • #38
  • Jan 21, 2011 7:51pm Jan 21, 2011 7:51pm
Hello Sky,
Please take a look at my picture. I was wondering why the increasing MACD Bars still red in colour? Could this be a bug?
Thank you
Attached Image (click to enlarge)
Click to Enlarge Name: tem.jpg Size: 55 KB
  • #39
  • Jan 21, 2011 8:52pm Jan 21, 2011 8:52pm
Quoting The7
Hello Sky,
Please take a look at my picture. I was wondering why the increasing MACD Bars still red in colour? Could this be a bug?
Thank you
Hi The7,
You must have some knowledge of technical analys right?!
Take a look at the pic that i have attached.
That range is a strong support/resistance level and the indicator is saying"Hey,the there is a strong downtrending mood right now...try again later".Take a look at CCI,RSI and other indicator that can show a local extremum and i am 99% sure that they will indicate the same thing...a top.
If you have any other questions,I will be happy to answer.

P.S Have a break from the market its a Friday you know
Attached Image (click to enlarge)
Click to Enlarge Name: the7.gif Size: 35 KB
  • #40
  • Jan 21, 2011 9:06pm Jan 21, 2011 9:06pm
this is awesome oscillator,i backtested it using an ea by entering positions on chanhing colours,and it lost all the money quickly
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