Multi time frame Simple MACD system | Forex Factory

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Multi time frame Simple MACD system

  • #1
  • First Post: Edited Sep 21, 2013 4:53pm Aug 26, 2013 11:02pm | Edited Sep 21, 2013 4:53pm
After going through lot of complex trading systems and indicators.. I have now using system which is very simple and seems to work well.
so I am sharing the system here with everyone. Please provide your view point and maybe someone can help me automate this system.
It uses only 1 indicator 3ColorMACD.

3 setting for the indicator on 4 hour chart
1) 12,26,9
2) 72,156,54
3) 360,780,270

3 setting for the indicator on Daily chart
1) 12,26,9
2) 60,130,45
3) 240,520,180

I trade it on 4 hours chart only.
Buy when all 3 setting of 3colorMACD turns Green. Buy stop order on top of the trigger candle with stop at the other end of the candle. Target is same distance as Stop. so it's always 1:1 R:R. Stop move to breakeven when price moves half way to the target.

on 4 hours chart, the MA is mapped to daily 200 MA position. so if that MA is within the RANGE (between Stoploss and profit target) of trade setup, skip the trade.
Also if the trade profit traget is less than 25 pips, skip the trade.

Currency Pair Exclusion List :-

  1. USDSGD
  2. AUDSGD
  3. EURGBP


Update - 1st Sept - 2013.
Added 1 hour and 30 min template for anyone interested to trade those timeframes.\

Update - 12th Sept -2013
Additonal templates with different colors can be found here - http://www.forexfactory.com/showthre...69#post6958269
Indicator with notification and alert added. MTF MACD Signal v1.1.ex4

Update - 21st Sept 2013
EA - http://www.forexfactory.com/showthre...26#post6978926

Attached Image (click to enlarge)
Click to Enlarge Name: macd-settings.gif Size: 9 KB
Attached File(s)
File Type: mq4 3colorMACD.mq4   4 KB | 12,306 downloads
File Type: tpl 4 hours-multitfmacd.tpl   2 KB | 7,205 downloads | Uploaded Aug 31, 2013 8:09pm
File Type: tpl 1 hour-multitfmacd.tpl   2 KB | 6,246 downloads | Uploaded Aug 31, 2013 8:09pm
File Type: tpl daily-multitfmacd.tpl   2 KB | 5,378 downloads | Uploaded Sep 3, 2013 6:29pm
File Type: tpl 30min-multitfmacd.tpl   2 KB | 5,785 downloads | Uploaded Sep 7, 2013 1:24am
File Type: ex4 MTF MACD Signal v1.1.ex4   8 KB | 11,041 downloads | Uploaded Sep 12, 2013 6:14am
Trading is SIMPLE not EASY.
  • #2
  • Aug 26, 2013 11:09pm Aug 26, 2013 11:09pm
Garfield &5

interesting, can you post some chart?
is this system only work for 4HR TF? did you ever try lower TF?

THX
Never say no to PIPS
  • #3
  • Aug 26, 2013 11:12pm Aug 26, 2013 11:12pm
welcome to glory hunters paradise
  • #4
  • Aug 26, 2013 11:51pm Aug 26, 2013 11:51pm
Quoting lazyegg
Garfield &5 interesting, can you post some chart? is this system only work for 4HR TF? did you ever try lower TF? THX
thanks. I haven't tried this on lower TF as I don't trade lower than 4 hours due to noise and wipesaws.
I am going to start trading this on daily TF from next month - sept 2013 as well as on 4 hours.
Trading is SIMPLE not EASY.
  • #5
  • Aug 26, 2013 11:53pm Aug 26, 2013 11:53pm
Here is a good example of GBPJPY 4 hours chart that I have a pending short trade open.
Entry at low of trigger candle.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.JPG Size: 86 KB
Trading is SIMPLE not EASY.
  • #6
  • Aug 27, 2013 1:01am Aug 27, 2013 1:01am
GBPJPY Trade has triggered, now wait to see how long it takes to get to profit target of 75 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-Active.JPG Size: 83 KB
Trading is SIMPLE not EASY.
  • #7
  • Aug 27, 2013 2:33am Aug 27, 2013 2:33am
GBPJPY went in the right direction after london open. Moved trade to breakeven.. now just wait to hit TP..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-moved to breakeven.JPG Size: 81 KB
Trading is SIMPLE not EASY.
  • #8
  • Aug 27, 2013 2:44am Aug 27, 2013 2:44am
Hi Garfield

I don't know if you are doing this but selling and buying decisions should be considered where price is in relation to supply/demand and support/resistance levels.
For example all your 3 indicators can have green on top of swing and you go long and get crashed.
I just think mechanical signals specially lagging ones can't tell price Action.They are brilliant in past historical view but seldom accurate in real time.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #9
  • Aug 27, 2013 2:49am Aug 27, 2013 2:49am
Hello All
New to the thread. What broker platform are you using? Thanks for the help.
  • #10
  • Aug 27, 2013 3:08am Aug 27, 2013 3:08am
Quoting Davit
Hi Garfield I don't know if you are doing this but selling and buying decisions should be considered where price is in relation to supply/demand and support/resistance levels. For example all your 3 indicators can have green on top of swing and you go long and get crashed. I just think mechanical signals specially lagging ones can't tell price Action.They are brilliant in past historical view but seldom accurate in real time. Regards
Agree all indicators are lagging. as you can see with my example of this GBPJPY trade, it was in real time where I showed the entry and outcome of the trade. This system give me a fair number of postive trade, Risking 2% per trade, it is quite easy to make 10%-15% a month on this system without being too greedy.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-Trade Closed.JPG Size: 156 KB
Trading is SIMPLE not EASY.
  • #11
  • Aug 27, 2013 3:09am Aug 27, 2013 3:09am
Quoting cbj
Hello All New to the thread. What broker platform are you using? Thanks for the help.
I trade with 2 brokers - Axitrader and IBFX.
Trading is SIMPLE not EASY.
  • #12
  • Aug 27, 2013 4:53am Aug 27, 2013 4:53am
Hi, can you make up the past trades on the pics you put up?

Thanks
"Even if you fall down face first, you still went forward."
  • #13
  • Aug 27, 2013 10:23pm Aug 27, 2013 10:23pm
Quoting juicyt
Hi, can you make up the past trades on the pics you put up? Thanks
here are some example of winning trades.. let me know if you want to see few losing trades examples happy to post that too since there are always winners and losers in a trading strategy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHF Trade.JPG Size: 95 KB
Click to Enlarge Name: GBPCAD.JPG Size: 99 KB
Click to Enlarge Name: CHFJPY Trade.JPG Size: 83 KB
Trading is SIMPLE not EASY.
  • #14
  • Edited 9:33am Aug 28, 2013 8:33am | Edited 9:33am
Quoting garfield75
{quote} here are some example of winning trades.. let me know if you want to see few losing trades examples happy to post that too since there are always winners and losers in a trading strategy. {image} {image} {image}

Well Done ! Continue, as long as it is profitable everything is accepted.....even lagging
Continue......

Long time ago I used to trade a system very similar.....I used 2 macd's(and traded the direction of the cross).....you can see my trade explorer (Boomerang) it was VERY PROFITABLE.....
The only reason I stopped was cause I discovered a better system....but it was profitable and a stepping stone for me.....
  • #15
  • Aug 28, 2013 6:50pm Aug 28, 2013 6:50pm
Thank you for this system & congratulations to this new thread, garfield75!
I manually tested it for 30 minutes using year 2013 EURUSD data with SL: 75 TP: 75. It's promising. And it's so easy to test!
The 'stop entry on top/bottom' really does filter out lots of false trades.
  • #16
  • Aug 28, 2013 9:51pm Aug 28, 2013 9:51pm
Quoting garfield75
After going through lot of complex trading systems and indicators.. I have now using system which is very simple and seems to work well. so I am sharing the system here with everyone. Please provide your view point and maybe someone can help me automate this system. It uses only 1 indicator 3ColorMACD. 3 setting for the indicator 1) 12,26,9 2) 72,156,54 3) 360,780,486 I trade it on 4 hours chart only. Buy when all 3 setting of 3colorMACD turns Green. Buy stop order on top of the trigger candle with stop at the other end of the candle. Target is...
a few clarifications required:

on the macd what are the settings for the following fields... ''count bars'', ''line'', and ''zero level'' ?


even if all 3 colours match, do you still have to wait for the macd to go above the zero line (on the first shorter macd) for a buy, and vice versa for a sell ?

even if all 3 colours match, do the bars on the macd have to be of certain size, length, because smaller bars dont really count right ?


how many bars of a certain colour must there be first before you can take the next colour change as a valid colour change ? for example if you only have one red bar and then a green bar appears, surely that cannot ba a valid colour change ?


when all 3 macd colours match, do you wait for that 4hr candle to close first and then enter on open of next 4 hr candle ? also, would it not be a good idea to enter on break of high / low of the signal candle ?

ta
  • #17
  • Aug 29, 2013 3:33am Aug 29, 2013 3:33am
Quoting whatfx
{quote} a few clarifications required: on the macd what are the settings for the following fields... ''count bars'', ''line'', and ''zero level'' ? even if all 3 colours match, do you still have to wait for the macd to go above the zero line (on the first shorter macd) for a buy, and vice versa for a sell ? even if all 3 colours match, do the bars on the macd have to be of certain size, length, because smaller bars dont really count right ? how many bars of a certain colour must there be first before you can take the next colour change as a valid...
''count bars'' = 1000
''line'' = 2
''zero level'' = 0.0

even if all 3 colours match, do you still have to wait for the macd to go above the zero line (on the first shorter macd) for a buy, and vice versa for a sell ? No

even if all 3 colours match, do the bars on the macd have to be of certain size, length, because smaller bars dont really count right ? No

how many bars of a certain colour must there be first before you can take the next colour change as a valid colour change ? for example if you only have one red bar and then a green bar appears, surely that cannot ba a valid colour change ? Just 1 at minimum, question then is - what about ranging market, Since my trader are set on top of bottom of the trigger candle and cancel automatically when the next 4 hour candle opens, I not experinced ranging issue yet on 4 hour chart.

when all 3 macd colours match, do you wait for that 4hr candle to close first and then enter on open of next 4 hr candle ? also, would it not be dla good idea to enter on break of high / low of the signal candle ? Yes, Trades are setup on the close of the candle only, this way there is no issue with repainting. Entries are always on High/Low of the candle.
Trading is SIMPLE not EASY.
  • #18
  • Aug 29, 2013 2:43pm Aug 29, 2013 2:43pm
I may have missed it, but what currency pairs are you using for this strategy? Thank you.
Life is too short to have anything but delusional notions about yourself.
  • #19
  • Aug 29, 2013 3:00pm Aug 29, 2013 3:00pm
How are your results, expectancy of pips per month?
  • #20
  • Aug 29, 2013 3:51pm Aug 29, 2013 3:51pm
First, thanks for the system. I tested and when I used your template on my mt4, a moving average appeared and i don't know the meaning of it. Have it a meaning?
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