Zerolag MACD

Using two settings of zerolagMACD.
zerolagMACD 5,10,5
and
zerolagMACD 12,24,9

A cross of 5,10,5 gives early indication of trend change
Entry is when 12,24,9 crosses.

all time frames...

For key to setting zerolagMACD alert see http://www.forexfactory.com/showthre...84#post4642284

I am using Heinken Ashi which I prefer.
I watch for pivots and support and resistance..
the 200 ema..
market open and close and data release...

I like the way the template looks. Looks like a dragon

Mostly I am trading 1min and 5 min but I will look at higher time frames to keep perspective...

In the screenshot the stop is above swing high
the target is S1...

The screenshot shows what to look for. It wasn't an actual trade.

Interesting how the 5,10,5 will very often (but not always and it is not necessary but is really nice when it does) show a head and shoulders when there is a change of direction coming... but it is necessary to wait for the 12,24,9 for entry.

Since the 5,10,5 is so early there still may be upside before the actual turn. But when the 12,14,9 does turn the trade can be taken with confidence.

What to look for.

5 min chart +6.3 pips

what it looks like on the 1min

1 min +2.4 pips
(There was more to go)

1 min +3.5 pips

entered too early.
didn't wait for slow macd to confirm.
15 min chart

since I messed up the entry on lower time frames I looked at the 1h and it shows a long over due correction to the upside..
so I gave a bigger stop and set a higher limit.
I prefer quick in and out on the 1min...

1min +5.2

On that bad entry.
Got the cross on the fast zerolag,
waiting for confirmation on slow zerolag..
15min..
hovering around support at S2
looks like it was weak data going into London open sparked a sell off.

okay got confirmation for cross on slow zerolag..
15 min...
The trade should be good...

what looked like a cross may be a rejection..
slow zerolag..
It's a great set up for a super double bottom..

can see the possible double bottom setting up on the 5min

take the pain
day chart shows 200ema next stop..

lesson. wait for the set up. The strategy works if I follow it...
I know the best thing to do it to get out right away if the trade is wrong.
I just have to do it..

Still in, let it play out...

still looking at correction due on 1hr...

actual confirmation on slow zerolag 15m
Not the way I like to trade but maybe I will get out of this in one piece..
I could have taken several short trades on the 1min instead of trying to nurse this thing..

hi there thnx for posting your system , how long have you been trading this and what is your hit rate for this system ,I would have thought it would give more accurate signals on higher timeframes

I've been trading forever.
This particular strategy has evolved over some time. I've only started trading it in its present form since starting the thread.
It is good on all time frames.
Personally I don't like big drawdown, so I like to trade faster time frames.
this last trade I entered too early but by looking at higher time frames I decided it was okay to ride it out since it was due for a correction.
Looks like it is turning around on support at S2.
the 1hr looks good
I wouldn't be surprised if EURUSD corrected all the way back to the daily wood pivot (yellow horizontal line)

will try it out on few trades ,I like HA candles too

Great, thanks for your interest.
Keep us posted.
the more the merrier...

1m +2pips

did it again.
didn't wait for the slow macd to confirm a cross
1min chart

1hr shows upside
so now hold 2 positions long