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Zerolag MACD

  • #21
  • May 23, 2011 7:35am May 23, 2011 7:35am
3 positions open long
this one taken on the 1 min
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  • #22
  • May 23, 2011 7:46am May 23, 2011 7:46am
1min +1.7 pip
slippage, should have been +3 pips..
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  • #23
  • May 23, 2011 8:07am May 23, 2011 8:07am
+4.6 pips
bad entry, should have waited for confirmation on slow macd would have been more like 30 pips,
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  • #24
  • May 23, 2011 8:13am May 23, 2011 8:13am
closed for a loss
still up for the day...
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  • #25
  • May 23, 2011 8:37am May 23, 2011 8:37am
1 min +2.5
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  • #26
  • May 23, 2011 8:56am May 23, 2011 8:56am
1min +3.4
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  • #27
  • May 23, 2011 9:17am May 23, 2011 9:17am
1min +3pips
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  • #28
  • May 23, 2011 9:51am May 23, 2011 9:51am
5 min +3.5
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  • #29
  • May 23, 2011 11:04am May 23, 2011 11:04am
entered a little too early, again my bad habit not waiting for the slow macd to confirm cross, but was lucky...
5min +4.5
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  • #30
  • May 23, 2011 11:20am May 23, 2011 11:20am
going for a trade on the 30 min..
tgt is on the day chart, the 200ema
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  • #31
  • May 23, 2011 11:57am May 23, 2011 11:57am
1min +4.2
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  • #32
  • May 23, 2011 12:19pm May 23, 2011 12:19pm
Can you tell us, please, how you set your targets?

There's something i don't understand... some input on this would be greatly appreciated. Why do we need the 5,10,5 MACD since we enter on the cross of the 12,24,9?

Thanks
Stay on the PIPest side of life!
  • #33
  • May 23, 2011 12:30pm May 23, 2011 12:30pm
1 min +9.2
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  • #34
  • May 23, 2011 12:33pm May 23, 2011 12:33pm
Quoting PIPer
Can you tell us, please, how you set your targets?

There's something i don't understand... some input on this would be greatly appreciated. Why do we need the 5,10,5 MACD since we enter on the cross of the 12,24,9?

Thanks
Good question.
5,10,5 crosses early, and also shows divergence when a trade is setting up.
The actual entry is when the 12,24,9 confirms by crossing.

The combination of the two events gives a very high probability that the trade is good.
Taken alone, either one by itself has too much guess work...
  • #35
  • May 23, 2011 1:19pm May 23, 2011 1:19pm
1 min +4.3
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  • #36
  • May 23, 2011 1:25pm May 23, 2011 1:25pm
Jiva, what size stops do you use with spread?

Whats your pip count for the day today buddy? Been following your screenshots since morning when you started the thread, I have to say if you continue with your method the way you have been today, you're going to do really well. You're already good at executing your trades.

Just wanted to stop by and say well done

Vish
  • #37
  • May 23, 2011 1:34pm May 23, 2011 1:34pm
Quoting WilteredFire
Jiva, what size stops do you use with spread?

Whats your pip count for the day today buddy? Been following your screenshots since morning when you started the thread, I have to say if you continue with your method the way you have been today, you're going to do really well. You're already good at executing your trades.

Just wanted to stop by and say well done

Vish
Hi,
Been hanging out at http://www.forexfactory.com/showthre...53569&page=295

Thisis the most reliable strategy I've ever traded. I'm almost taking it for granted, it's so good.

Had 1 bad trade early today, got the entry wrong and tried to ride it out. Gave up on it. Tying margin up and I wanted to keep trading. Need the practice.
Aside from that things went pretty well.

Stops are above the recent swing high on whatever time frame the set up appears.
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  • #38
  • Edited 5:20pm May 23, 2011 4:38pm | Edited 5:20pm
I thought id have a look what you are up to these days, lucky i did! Im having a look at todays entries and its looking pretty nice i must say. Im not used to looking at heiken Ashi so i cant read the PA at all, but im not so sure i would need to. You are definetely unto something here. I can see how you would whanna leave the long entries alone if EMA 200 is above and vice versa.

SL around 20 something like that seems enough most of the time. Its very possible a really tight SL could be used instead, maybe like 8-10 and take a few losses now and then instead of one big one. But it all depends on how edgy you whanna be and stuff. TP seems to be around 10 often, see some 20 pipers for the brave at heart here and there.

Anyway i think id set my prefixed SL to 20 and TP to 15, dont think id want to let either run much longer then that.

Think im gonna check it out without the Haiken Ashi that stuff hurts my brain, at least until i get used to it.

MACD is really sort of laggy things, but somehow you made this a nice concert anyway. So it think this kind of trading hits home on an average of strategies being used that packs a lot of punch (money).

Anyway, im looking at M1 E/U for this so what im saying is about that.

I am sure you dont mind if i screw around with your stuff a bit right?

Thats how that looks like:
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My signature is: "Classified".
  • #39
  • May 23, 2011 6:33pm May 23, 2011 6:33pm
Quoting jiva34
Good question.
5,10,5 crosses early, and also shows divergence when a trade is setting up.
The actual entry is when the 12,24,9 confirms by crossing.

The combination of the two events gives a very high probability that the trade is good.
Taken alone, either one by itself has too much guess work...


Thanks for the prompt reply, i really apreciated it!

Can you, please, tell us how you set your targets?

Thanks
Stay on the PIPest side of life!
  • #40
  • May 23, 2011 11:15pm May 23, 2011 11:15pm
Quoting yaed
I thought id have a look what you are up to these days, lucky i did! Im having a look at todays entries and its looking pretty nice i must say. Im not used to looking at heiken Ashi so i cant read the PA at all, but im not so sure i would need to. You are definetely unto something here. I can see how you would whanna leave the long entries alone if EMA 200 is above and vice versa.

SL around 20 something like that seems enough most of the time. Its very possible a really tight SL could be used instead, maybe like 8-10 and take a few losses now and...
Welcome, my good friend...
Feel free to share your experience, insights, etc..
Maybe we can all learn something.

The "trading edge" comes from the 2 settings of zerolag macd.
I am amazed at the accuracy of this zerolagmacd. It gives much earlier signals compared to the standard macd.

HA candles make sense to me. I'm accustomed to seeing them. They filter out a lot of the static movements...

1 minute chart is my favorite...

I have some bad habits I need to get out of my trading. I still have a tendency to try to let a loser turn into a winner and then I will look for patterns to confirm that the trade will turn around. Meanwhile the losing trade gets bigger and bigger.

I need to just admit that the entry is not what I thought it was and get out asap. I'm getting closer to being able to do that. I think it is related to how much confidence I have in the actual strategy. Like if I am confident of the strategy I will get out right away and be ready for the next trade knowing that I can make back a small loss easily. But if I have doubts about the strategy then I may want to hang on because I don't think I can have winning trades. So I need to hold on to the loser hoping it will become a winner.

With this strategy I can break that pattern.
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