4Hour MACD Trading Journal

Due to my working condition I could not trade the 4Hour MACD as I could not be at 4Hour candle closures or watch my trades live. I did some backtesting and have came up with a plan where I can enter a trade with preset stoploss and profit target using the 4H MACD setups TC, BOZ, ZB. I will also start with $125 account and post short videos of each trade.
The backtesting was based on the EurUsd 12:00 and 16:00 candle closure on GMT+0 as well as the EurGbp 16:00, GbpUsd 16:00 and EurCad 16:00 candle closures on GMT+0.
I will only make trades on those times in those Currencies using the three setups from the 4Hour MACD thread.
I hereby would like to show people how they can increase an account based upon solid backtesting and constantly trading the plan as setout.
The Plan
1. I will only make trades on those times in those Currencies as indicated above using the three setups from the 4Hour MACD thread. TC(Trend continuation) BOZ(Break of Zero) and ZB(Zero bounce)
2. The 200sma as well as long term trendlines will be considered in determining stoploss positions as well as profit targets as well as if there is enough room to these levels to justify an entry in terms of risk:reward.
3. The Risk:Reward ratio will be 1:1 except on a Friday 12:00 candle closure signal where the position will be closed just before broker closure for the weekend and take whatever is on the table at that stage.
4. No Friday trades will be taken on any 16:00 candle closure setups
5. A trailstop of 75% of the profit target will be used to bring the position to breakeven when more then 75% of the target was reached but the target itself was not reached.
6. Initual risk will be 10% per trade of the capital available. That will result in increased or decreased position size as the trades are made.
7. Position size is determined on a 10% risk of available capital and the amount of pips risk so that each trade will have 10% risk no matter the amount op stoploss in pips.
8. During Decembers there will be no trades after 20Dec but that can be made earlier depending on the circumstances.

The backtesting as per picture included shows a total of 61 trades over a one year period backtesting with 46 correct trades and 15 wrong trades giving an accuracy level of 75%.
A max of 3 losses in a row was experienced and consecutive wins of 10 was recorded.
With the above as my arsenal I will trade as per the plan.

I will be posting very short videos about each trade. I will try to post the 16:00 candle setups live at entering.There will be approximate 5 trades per month on average.

Please dont make any comments or post any info here. You can discuss the trade on the 4Hour MACD thread itself.

http://www.forexfactory.com/showthread.php?t=14630

No trades video

02 Aug2011

EurGbp

Short @ 0.87138
SL 0.87557
TP 0.86713

I am not calculating the R:R exact to the pip to be 1:1. I am using eyesight and drag my SL and TP unto the chart from a script that I have to be more or less 1:1

Edit: LOSS of $12.5

Capital remaining $112.5

Short EurGbp

Entry 0.87150
SL 0.87324
TP 0.86986

Edit: Loss of $11.25

Capital remaining: $101.25

Long EurUsd

Entry 1.44303
Stoploss 1.43445
TProfit 1.45161

I could have set my stoploss at BE when the top TL was reached but decided to leave it running to go for the 1:1 risk:reward ratio as I did with my backtesting. The best would have been to set a trailstop of about 35 pips so that the SL could go to BE when the upper TL was reached. I entered a bit late as I came in a bit late.

Edit:
Have set a 31pip trailstop if the top TL becomes resistance again so that he position can go to BE.


EDIT: Loss of $10.12

Capital remaining $91.13

Due to my broker leverage of 1:50 my margin needed does not allow for a 10% risk anymore on the remaining capital. I will now switch to .25 minilots untill my account gets to over $100 again.

3 Losses in a row is the worst case scenario on my backtesting. This is going to be tough to get out here with the remaining capital but lets see what happens.

Long EurUsd
Entry 1.39303
Stoploss 1.40650
TP 1.37995

EDIT: Win of $9.11

Capital remaining $100.24

Hi
It should be Short and not Long.
Thanks
Phillip

GbpUsd

Short 1.57804
SL 1.58510
TP 1.57185

EDIT: Win of $10.00

Capital remaining $110.24

The difference between the time of the trade and the time of your post is more than 8 hours, this is no a live trading journal, you are back to hind sight trading after losing the first 3 live trades

I suppose that if I tell you why I could not post my trade you will not believe it anyhow just as you wont believe the ticket as well. All I am asking is was the setup according to my rules as set out in post No one of this journal or not. If yes then the the trade was true if traded or not. If no then I am bulldusting a lot of people.

But since I have someone really interested in this journal I will make sure that I post live trades except when we have thunderstorms because I am not putting my whole traderoom setup at risk. But I suppose that will be treated as Hindsight. What a pitty that the system is not followed to see if it works or not. The trade was a valid one according to the rules and I was hoping people see that and not the hindsight issue.

the ticket doesn't proof the system, you can place 10 tickets in one day then see which one was a success and then post it here and ignored the failed ones, live posting is the true indicator

There can be only one setup and one trade per pair after a candle closure that meets the criteria as set out in post one. I cannot make 10 tickets as there is only one setup with a risk:reward of 1:1.

I have only one question for you that I need an answer. Are you going to give me a chance to trade this system or are you going to sabotage it. I need to know because your answer will tell me what to do. Thanks.

First, I would like to apologize to Mr. Nel for posting here as I'm not suppose to. I'm still learning 4H MACD system, which I think is very good system. I like the way Mr. Nel explaining his system. Mr. Nel has been doing tremendeous work for this system, and I believe that this system is really works. Otherwise there's not gonna be lots of people following this thread. There are more than 4.5 millions views, which put this system no.2 after James16 thread. This is not gonna happen if this system is not working!

http://www.forexfactory.com/forumdis...esc&sort=views

In regards Ziko123 wants Mr. Nel to prove whether his system is working based on his live journal, I don't think that would be necessary. I believe Mr. Nel has his own reasons why not to post it live. But for reference this is a good site that one can consider.

http://www.myfxbook.com/help/metatrader-wizard

Whether Mr. Nel will use it or not, that's not important. I believe in his system, and I hope Ziko123 would stop creating a negative influence here. There are lots of people here who still need Mr. Nel guidance to post his thoughts! Thank you!

why a post by me was deleted, I proved my point any way, continue hind sight

EurUsd

Short
Entry 1.32775
Stoploss 1.33793
TP 1.3170

Edit: Win of $11.0

Capital remaining $121.24

EurUsd Long

Entry 1.34029
Stoploss ±1.33150(Was put on BE after 65pips)
Tp 1.34908

Edit: Win of $12.1
Capital remaining $133.34

EurUsd Long

Long
Entry 1.36611
Stoploss 1.35488
TP 1.37756

Edit: Win of $13.3
Capital remaining $146.6

Missed trade last night

Due to huge stop and 200sma

As per attached.

EurUsd Long

Entry 1.39325
Stoploss 1.38060 (Closed at 1.38570)
TP 1.40500
Edit: Loss of $8.76
Capital remaining $137.84