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Multi time frame Simple MACD system

  • #21
  • Aug 29, 2013 5:15pm Aug 29, 2013 5:15pm
Thanks for sharing garfield75. Took USDCAD today. TP hit. Currently short AUDUSD.
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  • #22
  • Edited 12:36am Aug 30, 2013 12:06am | Edited 12:36am
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.
Doesnt this is maybe a little bit narrow minded? I mean for sure it is no bad idea, but why SHOULD it always be like this? If it works for you its great, but why should it work for everyone? By the way which Signal is not lagging?

And garfield, great work. But have you ever evaluated what happens after hitting the TP? Maybe there is more to get by pyramiding out? Just a thought.
  • #23
  • Aug 30, 2013 4:46am Aug 30, 2013 4:46am
Quoting hoss
I may have missed it, but what currency pairs are you using for this strategy? Thank you.
min scalp'



hoss !!

iam absolutely shocked to see you here !

you had dissapeared for the past few years, and now all of a sudden you turn up from no where !


i remember when i first started trading in 2009, the thread that you started ''eur/usd 1 min scalp '' fascinated me . but you were no longer active in that thread. i remember sending you message after message but got no no reply from you..

although i have moved on since and iam very profitable, iam still curious to know how well you did with your scalping method ? did it stand the test of time or did you lose everything later on...? do you still use it if not why not ?


i remember you stated on the thread you were ''nailing '' those pips quite effortlessley ! and i thought you had made millions and retired .
somewhere....?

an honest reply would be appreciated..
  • #24
  • Aug 30, 2013 4:51am Aug 30, 2013 4:51am
coming back to this thread, the macd indis deffinately repaint on the 1 hr so be very careful. i got 3 green bars showing a buy signal on all 3 macds.

after entering a buy trade and an hour later all 3 of the same green bars turned red !! so it was failed and fake trade !


not sure about the 4hr repainting, as not traded the 4 hr yet. but if anyone else has had experience with 4hr repaints, please feel free to share your thoughts.....

btw there appears to be a sell signal on audjpy 4hr.
  • #25
  • Aug 30, 2013 5:42am Aug 30, 2013 5:42am
AUDUSD no sell signal for me yet as candle still not closed. MACD still green.
Attached Image (click to enlarge)
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  • #26
  • Aug 30, 2013 8:51am Aug 30, 2013 8:51am
Nice system...
What about TP and SL?
Why you used 75 pips?
Is the same for all pairs?

Thanks in advance
  • #27
  • Aug 30, 2013 9:32am Aug 30, 2013 9:32am
Lucariga, read post 1. SL is top/bottom of the candle. TP = range of the candle.
  • #28
  • Aug 30, 2013 9:52am Aug 30, 2013 9:52am
Quoting Fbird
Lucariga, read post 1. SL is top/bottom of the candle. TP = range of the candle.
  • #29
  • Aug 30, 2013 11:22am Aug 30, 2013 11:22am
Quoting 4xPIPAHOLIC
{quote} 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.....
Great thread. After I looked at the 3 macd, I wondered if you ever tried it with 2. I'm going to give it a try on the shorter time frames. I'm going to set TP and SL with S&R. If anyone wants I'll keep you posted. Again thanks. Sounds promising
Gp
Nobody ever went broke closing a trade in profit
  • #30
  • Aug 30, 2013 9:31pm Aug 30, 2013 9:31pm
Quoting baoming
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.
nice work baoming...
My aim is to keep the system simple and profitable.
I don't trade lower than 4 hours, due to required screentime to monitor charts.
Trading is SIMPLE not EASY.
  • #31
  • Aug 30, 2013 9:32pm Aug 30, 2013 9:32pm
Quoting hoss
I may have missed it, but what currency pairs are you using for this strategy? Thank you.
I trade all pairs currently.
Trading is SIMPLE not EASY.
  • #32
  • Aug 30, 2013 9:35pm Aug 30, 2013 9:35pm
Quoting 00piotr2
How are your results, expectancy of pips per month?
Around 500 pips... However I measure my trading success in $ or % value not in pips. you can make 10% to 15% on this system per month following the rules of trading.
Trading is SIMPLE not EASY.
  • #33
  • Aug 30, 2013 9:38pm Aug 30, 2013 9:38pm
Quoting carlostedo
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?
Hi carlostedo,

Yes it does. 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, I skip the trade.
Trading is SIMPLE not EASY.
  • #34
  • Aug 30, 2013 9:40pm Aug 30, 2013 9:40pm
Quoting Fbird
Thanks for sharing garfield75. Took USDCAD today. TP hit. Currently short AUDUSD. {image}
Nice trades FBird, I missed them due to sleeptime .
Trading is SIMPLE not EASY.
  • #35
  • Aug 30, 2013 9:45pm Aug 30, 2013 9:45pm
Quoting Seikilos
{quote} Doesnt this is maybe a little bit narrow minded? I mean for sure it is no bad idea, but why SHOULD it always be like this? If it works for you its great, but why should it work for everyone? By the way which Signal is not lagging? And garfield, great work. But have you ever evaluated what happens after hitting the TP? Maybe there is more to get by pyramiding out? Just a thought.
Thanks seikilos. Yes I have toyed with the idea of pyramiding or opening multiple trades with different targets, haven't done much on it yet. it's definately on my to do list.
Trading is SIMPLE not EASY.
  • #36
  • Aug 30, 2013 9:49pm Aug 30, 2013 9:49pm
Quoting whatfx
coming back to this thread, the macd indis deffinately repaint on the 1 hr so be very careful. i got 3 green bars showing a buy signal on all 3 macds. after entering a buy trade and an hour later all 3 of the same green bars turned red !! so it was failed and fake trade ! not sure about the 4hr repainting, as not traded the 4 hr yet. but if anyone else has had experience with 4hr repaints, please feel free to share your thoughts..... btw there appears to be a sell signal on audjpy 4hr.
Just want to double check, did you wait for the candle to close on 1 hour before putting your trade on ?
Yes there is a trade setup on AUDJPY 4 hour chart.
Trading is SIMPLE not EASY.
  • #37
  • Aug 30, 2013 9:55pm Aug 30, 2013 9:55pm
Quoting gp00053
{quote} Great thread. After I looked at the 3 macd, I wondered if you ever tried it with 2. I'm going to give it a try on the shorter time frames. I'm going to set TP and SL with S&R. If anyone wants I'll keep you posted. Again thanks. Sounds promising Gp
Hi GP,

2 MACD will give you lot more trades, will also have higher number of losing trades, give it a go if you want, but PLEASE do it on DEMO.
Trading is SIMPLE not EASY.
  • #38
  • Aug 30, 2013 10:04pm Aug 30, 2013 10:04pm
Currently template settings are optimized for 4hours chart. As some of the traders are using lower timeframes to test this.
I will post 30 min & 1 hour templates. Will also post daily template for lazy traders like me, who can check the chart once a day and that's it.

All templates will be available by end of this weekend. However I am only trading the 4 hours and daily chart.
Trading is SIMPLE not EASY.
  • #39
  • Aug 31, 2013 9:30pm Aug 31, 2013 9:30pm
I currently have 1 trade open on Daily chart for AUDSGD. Let's see how it turns out next week.
Attached Image (click to enlarge)
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Trading is SIMPLE not EASY.
  • #40
  • Sep 1, 2013 1:50am Sep 1, 2013 1:50am
Hi Garfield, I too have a weekend short on the AUDUSD...

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