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McGrew MACD & Other discussions

  • #1
  • First Post: May 20, 2006 11:07pm May 20, 2006 11:07pm
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.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #2
  • May 21, 2006 1:41am May 21, 2006 1:41am
Quoting MrWhipple
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 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.
  • #3
  • May 21, 2006 3:09am May 21, 2006 3:09am
Quoting MrWhipple
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.
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
  • #4
  • May 21, 2006 6:32pm May 21, 2006 6:32pm
Quoting moonchild
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.
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.

Check here http://www.visualtradingcharts.com/ and here http://forum.vtsystems.com/ for the vt trader versions. As a last resort contact Claude on the Factory he wrote the McGrew MacDot indicator for VT

Personally I use it with a 5/15/63 EMA cross system.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #5
  • Edited Jun 2, 2006 10:35am May 29, 2006 3:43pm | Edited Jun 2, 2006 10:35am
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.

Best regards,
Phil McGrew
  • #6
  • May 30, 2006 3:26am May 30, 2006 3:26am
Phil

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?

Thanks
Bakrob
  • #7
  • May 30, 2006 10:15am May 30, 2006 10:15am
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.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #8
  • May 30, 2006 1:04pm May 30, 2006 1:04pm
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.
  • #9
  • Jun 1, 2006 10:42am Jun 1, 2006 10:42am
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.

Rob
  • #10
  • Jun 1, 2006 11:29am Jun 1, 2006 11:29am
Quoting MrWhipple
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.

Check here http://www.visualtradingcharts.com/ and here http://forum.vtsystems.com/ for the vt trader versions. As a last resort contact Claude on the Factory he wrote the McGrew MacDot indicator for VT

Personally I use it with a 5/15/63 EMA cross system.
And how's working for you?
Rob is not using it anymore.
Try hard, think fast, die young
  • #11
  • Jun 1, 2006 11:46am Jun 1, 2006 11:46am
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)
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #12
  • Edited Jun 2, 2006 2:48pm Jun 1, 2006 11:55am | Edited Jun 2, 2006 2:48pm
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.

Best regards,
Phil
  • #13
  • Jun 1, 2006 2:01pm Jun 1, 2006 2:01pm
Quoting philmcgrew
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.

Best regards,
Phil
Thanx for the 30min.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #14
  • Jun 1, 2006 2:41pm Jun 1, 2006 2:41pm
Rob's EMA and Phil's indicator are related?
  • #15
  • Jun 1, 2006 3:51pm Jun 1, 2006 3:51pm
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?
  • #16
  • Edited 7:32pm Jun 1, 2006 7:29pm | Edited 7:32pm
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.
  • #17
  • Jun 2, 2006 3:22am Jun 2, 2006 3:22am
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
  • #18
  • Jun 2, 2006 3:42am Jun 2, 2006 3:42am
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.
  • #19
  • Edited 4:49am Jun 2, 2006 4:42am | Edited 4:49am
I have slpit this thread off of BGX, because BGX is not part of this and is not being discussed of late. This will allow discussion of both topics...

Here is the Bunnygirl Cross http://www.forexfactory.com/forexfor...ead.php?t=5445

Thanks Scott
  • #20
  • Jun 2, 2006 9:03am Jun 2, 2006 9:03am
Quoting philmcgrew
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
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.
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