Third Screen Strategy - Dr. Alexander Elder | Page 55 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #1,081
  • Jun 4, 2013 3:05pm Jun 4, 2013 3:05pm
Quoting soccerfan
{quote} ""newbie "" question...?????
How's it working out for you? Trolling that is.

When you stop trolling and read the question like an intelligent trader instead of a ........., then you would understand that it's a question to clarify a possible misunderstanding or difference in the EA programming. When you're done trolling, let us know.
  • #1,082
  • Edited 3:35pm Jun 4, 2013 3:21pm | Edited 3:35pm
Quoting 100PipsADay
{quote} Hi WhatFx,
MACD - I don't pay attention to MACD bars moving up or down. I only pay attention to the Fast EMA being above or below the Slow EMA. {image}
Hey soccertroll,
Did you even read the thread before you came in here trolling? Here's one of several post by 100pip in the thread.
  • #1,083
  • Jun 4, 2013 4:27pm Jun 4, 2013 4:27pm
Quoting MKFXTrader
{quote} Pippy, You have alot of patience. Must be because you are near the beach. Anyways, I had read that your directional bias is once the MACD MA's cross(MACD line and signal line) not necessarily when the histogram falls below or above the zero line. I've been trading the system for awhile with the cross of the two MACD lines. I understood this to be your original method. I noticed the EA is setup on the histogram zero line cross.
Results will never be more than a day apart so it doesn't really matter in the long run. Either way is fine...
  • #1,084
  • Jun 4, 2013 4:29pm Jun 4, 2013 4:29pm
Quoting MKFXTrader
{quote} One last thing. Have you been testing it on 6 or 12 hours delay? I believe 100 pip has his set on 6 hours.

I take the default of 6 hours.
  • #1,085
  • Jun 4, 2013 4:40pm Jun 4, 2013 4:40pm
probably there is something wrong here.
The triangle for the direction of the macd D1 is down and red, whereas the macd_ajustable is positve and green.
Also, the EA makes a sell. This is not good. The daily macd is UP, so the EA should seek for buys.

It would be easier , if the EA had a version number. What version am I running here ?
Attached Image (click to enlarge)
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  • #1,086
  • Jun 4, 2013 4:40pm Jun 4, 2013 4:40pm
Quoting MKFXTrader
{quote} Hey soccertroll, Did you even read the thread before you came in here trolling? Here's one of several post by 100pip in the thread.
Only joking mate...!!!

There is a point to be made though, a question posted by one person is deemed as a newbie question by another..!! Be nice to newbies

Thanks once again to the guys who are informing us all of this great method,

Hope you don't mind me posting a chart in an attempt to be helpful to newbies...they must read the thread from the beginning of course...!!!

Attached Image (click to enlarge)
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Onwards and upwards...
  • #1,087
  • Jun 4, 2013 4:57pm Jun 4, 2013 4:57pm
Quoting rexio
probably there is something wrong here. The triangle for the direction of the macd D1 is down and red, whereas the macd_ajustable is positve and green. Also, the EA makes a sell. This is not good. The daily macd is UP, so the EA should seek for buys. {image}
I noticed the same PROBLEM...from the latest EA posted by 100PipsADay in the post below:
http://www.forexfactory.com/showthre...19#post6729119

For examples,
GBP/USD, AUD/USD, AUD/NZD - on the daily chart...MACD is blue (up), but the top triangle is red and pointed down.
EUR/JPY - on the daily chart...MACD is red (down), but the top triangle is green and pointed up.
  • #1,088
  • Jun 4, 2013 5:13pm Jun 4, 2013 5:13pm
Quoting kokopelli
{quote} I noticed the same PROBLEM...from the latest EA posted by 100PipsADay in the post below: http://www.forexfactory.com/showthre...19#post6729119 For examples, GBP/USD, AUD/USD, AUD/NZD - on the daily chart...MACD is blue (up), but the top triangle is red and pointed down. EUR/JPY - on the daily chart...MACD is red (down), but the top triangle is green and pointed up.



Yup same issue here GBP/USD D1 is up but the EA opened a Sell trade on my Demo.

Code bug ??
  • #1,089
  • Jun 4, 2013 7:16pm Jun 4, 2013 7:16pm
so who is buying aud/usd as oer this strategy / good buy on that.
  • #1,090
  • Jun 4, 2013 8:02pm Jun 4, 2013 8:02pm
Quoting whatfx
so who is buying aud/usd as oer this strategy / good buy on that.
Might be good long term buy; this is where Third Screen MACD & 20 EMA - 50 EMA are different as the 20-50 is selling the AUD-USD right now, while MACD is buying; who is right?
It takes a lot for me to IGNORE you, but you can try.
  • #1,091
  • Jun 4, 2013 10:18pm Jun 4, 2013 10:18pm
Quoting rexio
probably there is something wrong here. The triangle for the direction of the macd D1 is down and red, whereas the macd_ajustable is positve and green. Also, the EA makes a sell. This is not good. The daily macd is UP, so the EA should seek for buys. It would be easier , if the EA had a version number. What version am I running here ? {image}

put white background on yours chart - you will see what version is it (top right corner)
Forex can only be understood backwards, but it must be traded forwards.
  • #1,092
  • Jun 4, 2013 10:23pm Jun 4, 2013 10:23pm
Quoting Erebus
{quote} Might be good long term buy; this is where Third Screen MACD & 20 EMA - 50 EMA are different as the 20-50 is selling the AUD-USD right now, while MACD is buying; who is right?
I trust this strategy and will stick to my trading plan. Buy it is gentleman.
  • #1,093
  • Jun 4, 2013 10:25pm Jun 4, 2013 10:25pm
Hello Everybody,
It seems you are facing problem with EA. I got several PM. I send an update to 100PipsADay. I don't know whether he posted it or you guys using it. I found MACD is not functioning well. I was trying to incorporate MACD within the EA. But it works only one direction i.e BUY. It needs time to fix the problem.
It is advised to all to use the earlier version of the EA along with MACD3SS.

Kind regards,
Khaled
KISS - Keep It Simple Smart !!!!
  • #1,094
  • Jun 4, 2013 10:27pm Jun 4, 2013 10:27pm
Quoting khaled_ctg
Hello Everybody, It seems you are facing problem with EA. I got several PM. I send an update to 100PipsADay. I don't know whether he posted it or you guys using it. I found MACD is not functioning well. I was trying to incorporate MACD within the EA. But it works only one direction i.e BUY. It needs time to fix the problem. It is advised to all to use the earlier version of the EA along with MACD3SS. Kind regards, Khaled
Thank you for your hard work my friend.
  • #1,095
  • Jun 4, 2013 10:51pm Jun 4, 2013 10:51pm
Quoting khaled_ctg
Hello Everybody, It seems you are facing problem with EA. I got several PM. I send an update to 100PipsADay. I don't know whether he posted it or you guys using it. I found MACD is not functioning well. I was trying to incorporate MACD within the EA. But it works only one direction i.e BUY. It needs time to fix the problem. It is advised to all to use the earlier version of the EA along with MACD3SS. Kind regards, Khaled
I will stay with Earlier version , Did not use newer version as older one is safe ,
  • #1,096
  • Jun 4, 2013 11:26pm Jun 4, 2013 11:26pm
Quoting fani
hi i see many people here are trading GBPAUD , so i wanted to ask your views on this pair , well it had a good run this month , now do u guys see a potential for a reversal , i mean 1.5882 is a strong resistance and has held it so many times , well i went short on this pair when the price was on 1.5400 and now i am almost 500 pips negative , help me guys i dont know what to do cos i cant think of anything ,
Just to refresh this "RESISTANCE" theory, I'm sure it works as he says, but you have to remember what currencies are - they are the total sum of the state of 2 countries economies.

Sure you will find top tops and bottom, but if it was purely a mathematical problem, it would be solved by now.

BTW, how is that short trade working for you now, still hanging in their, using the old, when the PAIN of losing just 1 more dollar is more than the PAIN of admitting I'm wrong type of STOP LOSS ?



I know, better behave myself, here is good suggestion, find a book "The Way of the Turtle" by Curtis Faith : there is pdf download free

They would actually be BUYERS right now, and loving it!

Good luck all. it is Make Money Wednesday
Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #1,097
  • Jun 4, 2013 11:33pm Jun 4, 2013 11:33pm
Quoting khaled_ctg
Hello Everybody, It seems you are facing problem with EA. I got several PM. I send an update to 100PipsADay. I don't know whether he posted it or you guys using it. I found MACD is not functioning well. I was trying to incorporate MACD within the EA. But it works only one direction i.e BUY. It needs time to fix the problem. It is advised to all to use the earlier version of the EA along with MACD3SS. Kind regards, Khaled
I'm glad I was tired from the insomnia last night, slept in, didn't feel like updating my charts and Templates, so now I missed out on that

Good luck with re-writing the code

It takes a lot for me to IGNORE you, but you can try.
  • #1,098
  • Jun 4, 2013 11:56pm Jun 4, 2013 11:56pm
Demo test utilizing EA is only 2 weeks old but have really only been testing for a week or so.

Over 5,000 pips profit giving a return of over 20% in that short amount of time... I couldn't ask for more.

Folks, if you aren't already trading this strategy live and making money with it you may seriously want to consider doing so. This month is off to a great start with my live accounts as well and we are less than a week in to June!
  • #1,099
  • Jun 5, 2013 12:01am Jun 5, 2013 12:01am
Great thread 100pips, all your work is much appreciated. thanks to you so much ( I got the EA working at last..!! )

Best regards to you all

  • #1,100
  • Jun 5, 2013 12:14am Jun 5, 2013 12:14am
to avoid confusion did William's hit EA level here is William's Percent Range with an alert.
Attached File(s)
File Type: mq4 William's Percentage Range Alert.mq4   4 KB | 568 downloads
Forex can only be understood backwards, but it must be traded forwards.
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