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4 Hour Strategy (MACD)

  • #24,421
  • Jul 25, 2011 8:11am Jul 25, 2011 8:11am
on the 4 hour MACD settings what are the values for the fixed minimum and fixed maximum ?

also, i can seem to get the levels up on my chart even though i enter them in the settings. levels 0.00o, 0.0015, 0.0030, 0.0045 etc.

can someone adivse
  • #24,422
  • Jul 25, 2011 12:38pm Jul 25, 2011 12:38pm
Quoting whatfx
on the 4 hour MACD settings what are the values for the fixed minimum and fixed maximum ?

also, i can seem to get the levels up on my chart even though i enter them in the settings. levels 0.00o, 0.0015, 0.0030, 0.0045 etc.

can someone adivse

Hi
i am not using them anymore as the market volatility has changed a lot since 4 years ago and the 5figure decimal place was also introduced. They were only there to indicate oppertunities for counter trend trades.
Phillip
  • #24,423
  • Edited 8:49am Jul 26, 2011 6:41am | Edited 8:49am
Long EUR at 68's. Will post later

Edit: looks like it's going to test the break out level
  • #24,424
  • Jul 26, 2011 11:20am Jul 26, 2011 11:20am
Quoting Phillip Nel
Hi
i am not using them anymore as the market volatility has changed a lot since 4 years ago and the 5figure decimal place was also introduced. They were only there to indicate oppertunities for counter trend trades.
Phillip
what can we use in its place in todays market conditions ?

on the macd my fixed minimum and maximum are at default settings at 0.52 and 0.68.

of course this makes it difficult to draw the lines 0.0015, 0.0030 etc because they are too small to show up.

any alternative ?

do you have an updated version of this system for todays markets ?

iam also looking for a good reliable indicator that shows accurately way overbought / oversold levels on a 4 hour chart. does anyone know ?


thanks phil
  • #24,425
  • Jul 26, 2011 4:40pm Jul 26, 2011 4:40pm
Here is my trade. I'm still in it. It is a little slow developing but my tp is just below 1.44. The 1st chart is the daily. You can see the arrow showing the bullish candle inside the consolidation period. It closed right at the resistance level showing an increased chance of breaking out.
The second charts shows the TC indicated by the arrows. I did not enter there b/c it was right near the break out level. I went to the 1 hr to see what would happen (see the 1hr chart). Price broke out with a strong bullish candle showing higher prices to come. I entered there. Within that candle was a 5 min candle of 50+ pips...someone was buying big time. I was pretty sure price would contin up and it did.
Today's daily candle is still very bullish, so I'm going to hold on til 1.44 unless something signif changes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 072611-part1.gif Size: 37 KB
Click to Enlarge Name: 072611-part2.gif Size: 36 KB
Click to Enlarge Name: 072611-part3.gif Size: 33 KB
  • #24,426
  • Jul 26, 2011 9:33pm Jul 26, 2011 9:33pm
I'm out with a lousy 32 pips, divergence on MACD
  • #24,427
  • Jul 26, 2011 10:03pm Jul 26, 2011 10:03pm
Quoting Morelands
I'm out with a lousy 32 pips, divergence on MACD
Hi Moreland,

I was in that same trade yesterday. Entered 1.4385 and trail stopped with +107 pips. I am still looking for a long entry to get tp at 1.4570.

Currently I'm long in eurcad since yesterday(not liking it much).

Cheers.
  • #24,428
  • Jul 26, 2011 11:09pm Jul 26, 2011 11:09pm
I saw oppotunity in AUDUSD and took 133 pips +.I used also the 8 and 21 ema from the daily chart to support the trade.
Attached File(s)
File Type: doc AUDUSD.doc   608 KB | 415 downloads
Yvon
  • #24,429
  • Jul 26, 2011 11:10pm Jul 26, 2011 11:10pm
Quoting Morelands
I'm out with a lousy 32 pips, divergence on MACD
No matter, with the momentum of the AUD these day, you are making much more pips than you know.

David
  • #24,430
  • Jul 27, 2011 6:19am Jul 27, 2011 6:19am
Quoting nhuda
Hi Moreland,

I was in that same trade yesterday. Entered 1.4385 and trail stopped with +107 pips. I am still looking for a long entry to get tp at 1.4570.

Currently I'm long in eurcad since yesterday(not liking it much).

Cheers.
I hope it goes well for you. Last I check on the charts price was around 85's. I'm going on a few days of vacation, wish everyone the best

Raymond
  • #24,431
  • Edited Jul 28, 2011 9:22am Jul 27, 2011 11:20am | Edited Jul 28, 2011 9:22am
Attached Image (click to enlarge)
Click to Enlarge Name: ppp.gif Size: 94 KB


My trade last night.

Reason for short:

1. Congestion formed near MA 21(4H).
2. MACD (30, 78, 9) is in negative zone and lack of positive momentum.
3. Stochastic shows overbought and starts turning downward.
4. MACD(5,13,1) shows downward momentum.
5. ADX still in the sell zone.

Profit Taking: There are sell signal but not very strong, so I set the profit taking level (from H1 chart) at the closest support level.

Profit: 50 pips (70 USD$)
  • #24,432
  • Jul 27, 2011 1:47pm Jul 27, 2011 1:47pm
Quoting davidwu61
Attachment

My trade last night.

Reason for short:

1. Congestion formed near MA 21(4H).
2. MACD (30, 78, 9) is in negative zone and lack of positive momentum.
3. Stochastic shows overbought and starts turning downward.
4. MACD(5,13,1) shows downward momentum.
5. ADX still in the sell zone.

Profit Taking: There are sell signal but not very strong, so I set the profit taking level (from H1 chart) at the closest support level.

Profit: 70 pips
Good trade David!

I was waiting for this trade but I missed it. There is always next time.

Cheers!
  • #24,433
  • Jul 27, 2011 1:49pm Jul 27, 2011 1:49pm
Quoting Morelands
I hope it goes well for you. Last I check on the charts price was around 85's. I'm going on a few days of vacation, wish everyone the best

Raymond
I was taken out by the down move. So, -35 pips.

Have a great vacation!
  • #24,434
  • Jul 27, 2011 11:05pm Jul 27, 2011 11:05pm
I can't save the levels in MACD custom indicator. The levels are not clear when I used them in the ECN account. I tried change them to 450, 300, 150 etc and working. But they will change back to 45, 30, 15 later. How can I save the change.

http://www.forexfactory.com/attachme...1&d=1311825422
Attached Image (click to enlarge)
Click to Enlarge Name: Pic1.jpg Size: 110 KB
  • #24,435
  • Jul 28, 2011 2:20pm Jul 28, 2011 2:20pm
I believe you need to save the decimal custom indicator instead of the one you downloaded from Palmer's site
Raymond

Quoting baipeng
I can't save the levels in MACD custom indicator. The levels are not clear when I used them in the ECN account. I tried change them to 450, 300, 150 etc and working. But they will change back to 45, 30, 15 later. How can I save the change.

http://www.forexfactory.com/attachme...1&d=1311825422
  • #24,436
  • Jul 28, 2011 3:05pm Jul 28, 2011 3:05pm
Quoting baipeng
I can't save the levels in MACD custom indicator ...
Try this version MACD_Colored_v104 - five decimal problem solved there. Attached
Attached File(s)
File Type: mq4 MACD_Colored_v104.mq4   16 KB | 705 downloads
  • #24,437
  • Jul 28, 2011 4:00pm Jul 28, 2011 4:00pm
Quoting Phillip Nel
Hi.
I have started a new thread where I will be posting my 4Hour MACD trades as I trade them. I am enhancing my bussiness plan and are starting to trade the 4Hour MACD together with a 5min strategy in Forex.
The discussion around the journal must please be done here on this thread and not on the journal thread. I dont want to split this thread. You can allways refer to the post number in the journal thread here when you discuss a trade here that is in the journal
Thanks
Phillip

http://www.forexfactory.com/showthre...26#post4805026...

this back testing is misleading, there is a lot of losing trades that it doesn't include , for example there is a buy trade on 3/24/11 @16:00 on EURUSD (trend continuation) which failed
  • #24,438
  • Jul 28, 2011 8:36pm Jul 28, 2011 8:36pm
Quoting ziko123
this back testing is misleading, there is a lot of losing trades that it doesn't include , for example there is a buy trade on 3/24/11 @16:00 on EURUSD (trend continuation) which failed
I'd send you a private message but appearently you have turned off that function. I can only imagine why. Phillip has started a trading journal and you are more than willing to keep track of his trades for the next year. Watch his trades and see if it meets your standards and then comment after a year. His post is approx 2 pages back and lists his thread which you can click on.
I simply don't understand why you keep popping back up. I can only assume you are an unsuccessful trader and need to take out your frustration on someone or something. My advise is to look at yourself and realize you are the one to blame. My guess is you just need to work a little harder.
Raymond
  • #24,439
  • Jul 28, 2011 9:11pm Jul 28, 2011 9:11pm
Quoting Deathless
Try this version MACD_Colored_v104 - five decimal problem solved there. Attached
Thank you very much Deathless!!! the MACD_Colored_V104 works.
  • #24,440
  • Jul 28, 2011 11:07pm Jul 28, 2011 11:07pm
Quoting davidwu61
No matter, with the momentum of the AUD these day, you are making much more pips than you know.

David
Thant's perfect trade David!!! By the way, are you Chinese?
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