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4 Hour Strategy (MACD)

  • #24,661
  • Oct 3, 2011 1:11am Oct 3, 2011 1:11am
LOST OF 47 PIPS. -bad trade!
Attached File(s)
File Type: doc 110930AUDNZD.doc   587 KB | 345 downloads
Yvon
  • #24,662
  • Oct 3, 2011 3:08am Oct 3, 2011 3:08am
Quoting trademin
LOST OF 47 PIPS. -bad trade!
hello,my friend .you always do well .i am sorry you lost pips .i meet this problem ,too. some times ,i just set up the sl below the 21ema ,then price break the 21ema ,BUT ,finnaly CLOSE above it .so ,i prefer to see the close price ,if the close price is above 21ema ,then the trend is right .the close price of the bar is more important ,i think .

and ,i think if you change your trend line more accurately, it will be different .maybe you can set up the sl below the trend line ,it will be better .

however ,we wil win the next time ,because this system is great .

and dont you take notice of the attachments batton ? then you can upload your chart directly ,or you have to write the doc document.
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Attached Image
A chart helps those who can read it.
  • #24,663
  • Oct 3, 2011 8:14am Oct 3, 2011 8:14am
Quoting geniusztc
hello,my friend .you always do well .i am sorry you lost pips .i meet this problem ,too. some times ,i just set up the sl below the 21ema ,then price break the 21ema ,BUT ,finnaly CLOSE above it .so ,i prefer to see the close price ,if the close price is above 21ema ,then the trend is right .the close price of the bar is more important ,i think .

and ,i think if you change your trend line more accurately, it will be different .maybe you can set up the sl below the trend line ,it will be better .

however ,we wil win the next time ,because...
thanks for the comments,
the trade is not that bad, but when I dig , I really dig! I loose too. the past month I almost double the account (I shouted like tarzan! :-) ) then lost,start digging! (Tarzan was far away! :-) )
I am still on board, in the(little bigger boat) boat,floating, but I still need to pump the water out, that's what I meant a couple weeks ago. It is probably because I augmented the value ($) of a lot.- I think it's because of emotion involved.- still something to control.
I agree on your drawing completly! I saw it just before I put it on FF! but I showed it the way it was!- I did it intentionnaly.-when the trade is a mistake it is a mistake!

about the attachments batton: I load "Word" because I don't know how to load just the chart. I don't know how to do it from A to Z! - just because of that! :-)

again thanks for the comments,
have a nice day,
Yvon
  • #24,664
  • Oct 3, 2011 8:40am Oct 3, 2011 8:40am
Quoting trademin
thanks for the comments,
the trade is not that bad, but when I dig , I really dig! I loose too. the past month I almost double the account (I shouted like tarzan! :-) ) then lost,start digging! (Tarzan was far away! :-) )
I am still on board, in the(little bigger boat) boat,floating, but I still need to pump the water out, that's what I meant a couple weeks ago. It is probably because I augmented the value ($) of a lot.- I think it's because of emotion involved.- still something to control.
I agree on your drawing completly! I saw it just before...
i hope it helps .
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A chart helps those who can read it.
  • #24,665
  • Oct 3, 2011 8:56am Oct 3, 2011 8:56am
Quoting geniusztc
i hope it helps .
it is the first part that I don't know how to do it : how to save a chart from the platform to the desktop!

thanks again for your help,
Yvon
  • #24,666
  • Oct 3, 2011 9:06am Oct 3, 2011 9:06am
Quoting trademin
it is the first part that I don't know how to do it : how to save a chart from the platform to the desktop!

thanks again for your help,
right-click on the screen,then you will see the button "save as picture ".
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A chart helps those who can read it.
  • #24,667
  • Oct 3, 2011 9:25am Oct 3, 2011 9:25am
last trade on EURUSD, a test of showing the chart,
thanks again Geniusztc,
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Yvon
  • #24,668
  • Oct 3, 2011 9:54am Oct 3, 2011 9:54am
Quoting geniusztc
right-click on the screen,then you will see the button " save as picture ".
Normal selection then is " Active chart (as is) " but if you choose " Active workspace " is looks like this (or whatever you have on screen
Attached Image (click to enlarge)
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OPPORTUNITY IS NOWHERE
  • #24,669
  • Oct 3, 2011 11:01am Oct 3, 2011 11:01am
Quoting Callisto
Normal selection then is " Active chart (as is) " but if you choose " Active workspace " is looks like this (or whatever you have on screen
you really impress me!- It takes guts to trade like you do!

congradulation!--- the way you trade is still in my dreams for me!

what makes you so confident in a trade, if you wish to give me an annswer I'll apreciate!
keep having a nice day! (:-)
Yvon
  • #24,670
  • Oct 3, 2011 1:42pm Oct 3, 2011 1:42pm
http://www.forexfactory.com/showthread.php?p=4944256
  • #24,671
  • Oct 3, 2011 2:36pm Oct 3, 2011 2:36pm
Hi

I’ve been reading about this strategy and like to try it. However, I am having trouble setting up my MACD indicator. I use Interactive Broker’s Trading Work Station (TWS) and when I try to set up the MACD to 5,13, 1 EMAs, it does not work. I called them and was told that I can’t have the value 1. The lowest I can input is 2 (5,13,2). Is this a significant deviation from the strategy? How does this affect the strategy? If there are other TWS users, I appreciate your suggestions to overcome this problem.
Thank you,
  • #24,672
  • Oct 3, 2011 2:54pm Oct 3, 2011 2:54pm
How sweet is it to have a working & back tested system tht works. [GBPUSD] Have seen this so many times during my back testing and i just had to make a new order [full stop]
On the [EURUSD] i saw the consolidation [tails] @ 4HR and went to lower timeframe [15 min] for entry.
Market went to 89 n away, MACD had a TC, all lined up to a sell. there was news and that worked well to break the minor resistance. to the next resistance was ma TP.
thts a clear 100 pips.
MWAH. Wishing u a pip filled days...

Anticipation:- EURJPY would hit a low of 90.50.. in few weeks to come...

Comments r always welcome.
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  • #24,673
  • Oct 3, 2011 5:50pm Oct 3, 2011 5:50pm
Quoting Azie
Hi

I’ve been reading about this strategy and like to try it. However, I am having trouble setting up my MACD indicator. I use Interactive Broker’s Trading Work Station (TWS) and when I try to set up the MACD to 5,13, 1 EMAs, it does not work. I called them and was told that I can’t have the value 1. The lowest I can input is 2 (5,13,2). Is this a significant deviation from the strategy? How does this affect the strategy? If there are other TWS users, I appreciate your suggestions to overcome this problem.
Thank you,
It does not matter, just focused on the histogram. (5,13,x) or (5,13,1) show the same histogram. Howoever, your macd histogram may not be correct if you are not using the Metatrader, confirmed this using a demo metatrader account.
  • #24,674
  • Oct 4, 2011 9:25am Oct 4, 2011 9:25am
LOST 110 PIPS...not proud.
Yvon
  • #24,675
  • Oct 4, 2011 11:14am Oct 4, 2011 11:14am
Quoting davidwu61
It does not matter, just focused on the histogram. (5,13,x) or (5,13,1) show the same histogram. Howoever, your macd histogram may not be correct if you are not using the Metatrader, confirmed this using a demo metatrader account.
Thank you, I downloaded Metatrader Demo and compared it with IB and they do look a bit different. But I do get very similar signals.
  • #24,676
  • Oct 4, 2011 11:37am Oct 4, 2011 11:37am
Quoting trademin
LOST 110 PIPS...not proud.
It not matters the pips, it is your POSITION SIZE that will make or break you; are you using 2% of account risk?

Do you use an online calculator to adjust POSITION SIZE for each trade according to the Stop Loss?

Have you seen this one?

http://www.earnforex.com/position-size-calculator
OPPORTUNITY IS NOWHERE
  • #24,677
  • Oct 4, 2011 12:23pm Oct 4, 2011 12:23pm
Hi
Trademin it is part of trading to lose as long you traded your plan and not emotions.
This is a trade i have just taken and i will manage it accordingly. I anticipate it to test the weekly resistance which is at 1.0700-1.0750.
Thanks.
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  • #24,678
  • Oct 4, 2011 12:41pm Oct 4, 2011 12:41pm
Quoting Edonya
Hi
Trademin it is part of trading to lose as long you traded your plan and not emotions.
This is a trade i have just taken and i will manage it accordingly. I anticipate it to test the weekly resistance which is at 1.0700-1.0750.
Thanks.
thanks for supports,
emotions get to me sometimes,,,

I wish you the best for the trade you just took,
Yvon
  • #24,679
  • Edited 9:25pm Oct 4, 2011 12:51pm | Edited 9:25pm
Quoting Callisto
It not matters the pips, it is your POSITION SIZE that will make or break you; are you using 2% of account risk?

Do you use an online calculator to adjust POSITION SIZE for each trade according to the Stop Loss?

Have you seen this one?

http://www.earnforex.com/position-size-calculator
Thank you for the advice about position size and bringing that site to me,
I am taking a look at it right now.
Yvon
  • #24,680
  • Oct 5, 2011 8:54am Oct 5, 2011 8:54am
I have decided to show my charts trading the 4hour MACD on the 1 hour chart . Stops are a bit smaller but the trading is more active . Other than that there is no difference in the way of taking the various signal :

- TC signals
- Cross of the zero line
- DIV

Initial stop as outlined by Philipp is the determined by the previous bar low range . Profit target on 1 lot is the same in order to have a 1/1RR

Please let me have your comments

Good trading

zaba1
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