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Joined Dec 2005
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Status: Self UNemployed Pipster
|378 Posts
I use a similar system developed by Rob Booker (robbooker.com). It uses a 5/15/63 EMA cross. I also use a McGrew MCAD with it for early warnings for tops and bottoms. Works for me.
I use a similar system developed by Rob Booker (robbooker.com). It uses a 5/15/63 EMA cross. I also use a McGrew MCAD with it for early warnings for tops and bottoms. Works for me.
Ignored
I have been told that McGrew's MCAD obligated you to use TradeStation, and they require a minimum $5000 account as well as charging $100 per month subscription. Since you use McGrew's MCAD could you tell me if this information is correct.
Also, from what I have been told of McGrew's system, it is a stand alone, and if I understand you correctly, you use a moving average cross system in addition to it. Do you feel that this is necessary? Or would you feel comfortable using McGrew's system by itself?
Thank you for your assistance in getting information about McGrew's MACD.
I use a similar system developed by Rob Booker (robbooker.com). It uses a 5/15/63 EMA cross. I also use a McGrew MCAD with it for early warnings for tops and bottoms. Works for me.
Ignored
Iīve mailed Mr. McGrew last year about his MACD-Indicator and he told me,
that he will develop it for Metatrader too. Do you know more about this.
Regards
Chris.
The trend is your friend, unless itīs about to end
Thomas DeMark
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Joined Dec 2005
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Status: Self UNemployed Pipster
|378 Posts
Quoting moonchild
Disliked
I have been told that McGrew's MCAD obligated you to use TradeStation, and they require a minimum $5000 account as well as charging $100 per month subscription. Since you use McGrew's MCAD could you tell me if this information is correct.
Also, from what I have been told of McGrew's system, it is a stand alone, and if I understand you correctly, you use a moving average cross system in addition to it. Do you feel that this is necessary? Or would you feel comfortable using McGrew's system by itself?
Thank you for your assistance in getting information about McGrew's MACD.
Ignored
McGrew MCAD is avalable on VT Trader as the Mac Dot system, I think that there is a version for MT4 too. for free. Also there is a clone out there by the name of Frutty Pebbles or some such. Before Phil McGrew set up his site and went all propritary on us (I don't realy blame him, it's a great indicator) he was great at helping others develop versions of his system.
Joined May 2005
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Status: I am not your bro
|1,302 Posts
Hello all,
I am fairly familiar with McGrew MACD since I wrote it. I went "commercial" because I trade full time and didn't have time to support hundreds of requests for free code and free support. In the absence of support the system can not be traded to its fullest extent and that is not good since my name is tied to the code. I offer it in TradeStation because that is the only language I understand. At one point I did consider conversion to MT4 but as a non-programmer I couldn't understand the language and the signals did not closely match those of TradeStation. The code is registered and copyrighted and I am not aware of "free" copies floating around but I do admit that trading Forex is a lot more profitable than being paranoid and chasing leads.
I am not here to sell you anything but if you have questions I will answer them.
I use Tradestation... and I've searched the Forums using your name and came up empty on results. (Could be just my search parameters were not well thought out) Is there some documentation on your MACD version somewhere that I can read ? Is there an ELD you can share - or is it available in the Tradestation Add-Ons section?
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Joined Dec 2005
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Status: Self UNemployed Pipster
|378 Posts
The McDot system that I mentenioned in my previous post has been removed form the VT Trader Forum. It was a great indicator and I thank Mr McGrew for his hard work on it. Someday when I move to Tradestation I will use it. I recomend it to all.
Joined May 2005
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Status: I am not your bro
|1,302 Posts
Wow! Thank you for the compliment Mr. Whipple.
I have information on the system but again, I'm not here to sell anything. You can PM me if you would like. I only stopped by to answer questions when a friend told me that my name had shown up on this forum.
While it used to be the case that you could access help from Phil and the code for the indicator at no charge, the only way to get it now (and get it right) is through Phil.
I think Phil did a lot of great work for free, for many people, and for a fee one time when I paid him $2,000 to teach at one of my seminars. The McGrew MACD is the kind of indicator/system that requires, in my opinion, some instruction and further help from the creator himself. I think Phil's decision to make money from his own creation was totally reasonable.
Although I've had my personal differences with Phil, I want to say that I agree that the only approved version of the indicator is available from Phil. In fact, I think the only available true version of it is available from him. Anything else you find out there is not likely to work very well because there are tricks of the trade and useful tips you're not going to get with a standalone indicator. Phil knows his stuff.
At Phil's request I tried to have the Fruity Pebbles indicator removed from a charting package but the charting package company didn't do it (unfortunately). If you find it out there, I think it's totally useless as an indicator or system and can't possibly endorse it at all. If you're interested in anything similar at all, talk to Phil.
There may be a mistaken impression out there that there is bad blood between Phil and I. It couldn't possibly be farther from the truth. I wish the best for Phil, still consider him a past friend, and believe that he has a lot of good to offer the traders of the world. If he feels differently about me, that would be his decision of course. Anything that I was ever able to do to help him I am glad that I did. Anything that I ever did to hurt him I am sorry that I did. But it needs to be made clear that I still have happy thoughts about our time working together.
McGrew MCAD is avalable on VT Trader as the Mac Dot system, I think that there is a version for MT4 too. for free. Also there is a clone out there by the name of Frutty Pebbles or some such. Before Phil McGrew set up his site and went all propritary on us (I don't realy blame him, it's a great indicator) he was great at helping others develop versions of his system.
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Joined Dec 2005
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Status: Self UNemployed Pipster
|378 Posts
I like the VT version that Claude wrote and use it a lot. It does, however give out false signals. I use it in conjunction with a 5/13/62 EMA and watch the MACD and slow stoch and rsi. I also watch candlestick paterns. That combo has won me a lot of pips. I am sorry that it is no longer freely avalable, but if I was in Mr. McGrew's shoes I would most likely do the same thing. (I am a programmer too)
Joined May 2005
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Status: I am not your bro
|1,302 Posts
Mr. Whipple,
In all fairness, I have never discussed trading the MACD Dots with you. I have also never seen the VT code and therefore can not vouch for it's authenticity when it was presumably converted from Easy Language. I suspect that if I had 30 minutes of your time to show you how the system should be traded you would have a more favorable outlook. I also have a 62 page PDF which describes how I trade.
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Joined Dec 2005
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Status: Self UNemployed Pipster
|378 Posts
Quoting philmcgrew
Disliked
Mr. Whipple,
In all fairness, I have never discussed trading the MACD Dots with you. I have also never seen the VT code and therefore can not vouch for it's authenticity when it was presumably converted from Easy Language. I suspect that if I had 30 minutes of your time to show you how the system should be traded you would have a more favorable outlook. I also have a 62 page PDF which describes how I trade.
Joined May 2005
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Status: I am not your bro
|1,302 Posts
No they are not. The code has EMAs in it to ascertain the current trend and I would argue that additional EMAs are not necessary. Rob has EMAs? Are there any numbers left for the rest of us?
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Joined Mar 2006
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Status: Enthusiastic Rookie
|38 Posts
I imagine your system has had an overhaul or two since you pulled it back to commercial. Would you post a copy of the version that was free for us to evaluate? Mcgrew-lite to create an addict or two???
Never mind. just read your post in the Public Domain thread.
Joined May 2005
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Status: I am not your bro
|1,302 Posts
Jersey Devil,
While I appreciate your offer I am going to decline for several reasons:
1. Dumbing down the code isn't going to offer you the best chance of success and it certainly wouldn't put the system capabilites in the best light.
2. I have clumsily stepped on a few toes ensuring that the code isn't publically posted. To do so now would certainly qualify me for a sound beating.
3. It wouldn't be fair to those who have paid for the system and the opportunity to learn it properly.
4. Without spending some time with you it is unlikely that you would be able to use the code to the fullest extent possible.
If I can chime in hear without getting a beating of my own, I would like to state for the record that it's my humble opinion that there is only one way to get the full benefit of using Phil's system. And that way is to get your help from Phil. If you find a dumbed-down version of it somewhere, it's best to ignore it. It's like finding a copy of the Stochastics with one of the lines missing or something.
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Joined Mar 2006
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Status: Enthusiastic Rookie
|38 Posts
Quoting philmcgrew
Disliked
Jersey Devil,
While I appreciate your offer I am going to decline for several reasons:
1. Dumbing down the code isn't going to offer you the best chance of success and it certainly wouldn't put the system capabilites in the best light.
2. I have clumsily stepped on a few toes ensuring that the code isn't publically posted. To do so now would certainly qualify me for a sound beating.
3. It wouldn't be fair to those who have paid for the system and the opportunity to learn it properly.
4. Without spending some time with you it is unlikely that you would be able to use the code to the fullest extent possible.
If you have additional questions contact me.
Best regards,
phil
Ignored
No problem. I was assuming that there was a difference between what you previously shared freely and what you now sell. Perhaps there is not, and if so your response is understandable.
