Multi time frame Simple MACD system | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

RSI Multi Time Frame Indicator/System 147 replies

Time Frame Vs Personality, Which to choose as Main Time Frame? Who Are You? 10 replies

Help with simple multi time frame fractal comparison indicator 8 replies

Time frame and Enter/Exit, Time frame and S/L, T/P relationships. 91 replies

Question on Lower Time Frame Indicators Vs. Longer Time Frame 7 replies

Attachments: Multi time frame Simple MACD system
Exit Attachments

Multi time frame Simple MACD system

  • #41
  • Sep 1, 2013 4:33am Sep 1, 2013 4:33am
Hi all,

for setting stop loss and profit target, do you use high/low of the candle or open/high?

thank you
  • #42
  • Sep 1, 2013 5:37am Sep 1, 2013 5:37am
Quoting pedross
Hi Garfield, I too have a weekend short on the AUDUSD... {image}
Nice trade. As the price has moved to more than half way to your target. Stop should be moved to breakeven to protect capital.
Trading is SIMPLE not EASY.
  • #43
  • Sep 1, 2013 5:46am Sep 1, 2013 5:46am
Yep, will do Mon Oztime
  • #44
  • Sep 1, 2013 10:07am Sep 1, 2013 10:07am
Nice and simple idea for a system. Quick questions....



What would you consider a fresh signal to avoid overtrading? Are we taking alternate signals?

Do we have any ideas on an alert that pops up when all 3 macd's are the same color?
  • #45
  • Sep 1, 2013 6:22pm Sep 1, 2013 6:22pm
Quoting mcbgun
Nice and simple idea for a system. Quick questions.... What would you consider a fresh signal to avoid overtrading? Are we taking alternate signals? Do we have any ideas on an alert that pops up when all 3 macd's are the same color?

A fresh signal is when
a) there are no open trades on the currency pair
or
b) open trade stop is already at breakeven.
Trading is SIMPLE not EASY.
  • #46
  • Sep 2, 2013 1:08am Sep 2, 2013 1:08am
AUDUSD Long trade has triggered.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.JPG Size: 96 KB
Trading is SIMPLE not EASY.
  • #47
  • Edited 2:49pm Sep 2, 2013 11:11am | Edited 2:49pm
Nice trade Garfield. This time was my turn to be asleep lol. Currently long USDCAD. Pending short on EU.

EDIT: pending order cancelled.
  • #48
  • Sep 2, 2013 7:10pm Sep 2, 2013 7:10pm
Most of the JPY pairs will setup for long trades on the next candle.
Trading is SIMPLE not EASY.
  • #49
  • Sep 3, 2013 3:04am Sep 3, 2013 3:04am
Hi guys !

My UC trade was stopped out at BE. Currently short pending on EU. Potential set up on UY, but I don't like the 100 round number resistance above, so I decided to pass on that one.
  • #50
  • Sep 3, 2013 3:39am Sep 3, 2013 3:39am
FBird - Which broker are you trading with ?

As I trade this system on daily timeframe too.. My GBPCAD trade just closed with 150 pips of profit.
I currently have 2 long trades open GBPJPY & GBPCAD both on daily timeframe.

No trades on 4 hours yet, there will be some when the current candle closes. Eur & GBP are the 2 trades likely to be confirmed.
Trading is SIMPLE not EASY.
  • #51
  • Sep 3, 2013 3:53am Sep 3, 2013 3:53am
Quoting garfield75
FBird - Which broker are you trading with ? As I trade this system on daily timeframe too.. My GBPCAD trade just closed with 150 pips of profit. I currently have 2 long trades open GBPJPY & GBPCAD both on daily timeframe. No trades on 4 hours yet, there will be some when the current candle closes. Eur & GBP are the 2 trades likely to be confirmed.
Hey garfield,
I'm very interested on daily TF cause of my 9-5 job.
Do you trade the daily and 4H with same MACD settings?
I'm visual backtesting this sistem on Daily, and I think is great. Anyway I generally obtain better results without trailing the stop to BE....
Maybe if someone can make an EA of this system we could fine tune the SL....

  • #52
  • Sep 3, 2013 5:04am Sep 3, 2013 5:04am
GBPJPY long
+ 80 pips closed
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.JPG Size: 259 KB
  • #53
  • Sep 3, 2013 5:10am Sep 3, 2013 5:10am
GBPCAD
pin bars
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.JPG Size: 270 KB
  • #54
  • Sep 3, 2013 5:32am Sep 3, 2013 5:32am
Quoting garfield75
FBird - Which broker are you trading with ? As I trade this system on daily timeframe too.. My GBPCAD trade just closed with 150 pips of profit. I currently have 2 long trades open GBPJPY & GBPCAD both on daily timeframe. No trades on 4 hours yet, there will be some when the current candle closes. Eur & GBP are the 2 trades likely to be confirmed.
I trade on IBFX. 4H only.
  • #55
  • Sep 3, 2013 5:43am Sep 3, 2013 5:43am
Quoting lucariga
{quote} Hey garfield, I'm very interested on daily TF cause of my 9-5 job. Do you trade the daily and 4H with same MACD settings? I'm visual backtesting this sistem on Daily, and I think is great. Anyway I generally obtain better results without trailing the stop to BE.... Maybe if someone can make an EA of this system we could fine tune the SL....
Daily and 4h with different setting. Templates posted on 1st page. EA would be great for this system, dont have any idea on how to do it.
Trading is SIMPLE not EASY.
  • #56
  • Sep 3, 2013 6:28am Sep 3, 2013 6:28am
Hi, very simple system, that's good. Only two things to comment. First of all in the configuration paramenters for the macds, i don't know if there is a mistake in the third one or not:

This is what you wrote in the first post:
3 setting for the indicator

1) 12,26,9

2) 72,156,54

3) 360,780,486

I imagine that the second macd is the macd for D1, (H4 parameters * 6), and the third macd is the macd for W1 (D1 parameters * 5). So, if this si correct, parameters for the third macd should be 360,780,270 instead of 360,780,486.

I don't know if I'm correct or not....

The other thing that I want to comment is about trailing stop. I've seen that you just take the TP as the range of the triger candle, but maybe it would be better if we use a trailing stop once we are close to the TP and try to ride big trends.... It is just and idea, maybe you have tested it and it fails.....
  • #57
  • Sep 3, 2013 6:55am Sep 3, 2013 6:55am
Maybe I missed it, but what would be the settings for daily time frame ?
Look at something long enough, you will eventually get it.
  • #58
  • Sep 3, 2013 6:57am Sep 3, 2013 6:57am
Quoting garfield75
{quote} Daily and 4h with different setting. Templates posted on 1st page. EA would be great for this system, dont have any idea on how to do it.
Unfortunately I don't trade with MT4, so I'm unable to open the templates. Can you tell me the settings?

Many thanks
  • #59
  • Sep 3, 2013 10:40am Sep 3, 2013 10:40am
Quoting garfield75
{quote} Daily and 4h with different setting. Templates posted on 1st page. EA would be great for this system, dont have any idea on how to do it.
Hi garfield75, thank you for share your TS.
i want try this system with the Daily Time Frame, but i cannot find the template in the first post.
Could you please add it, or share the settings?

Thank you, have a nice day.
  • #60
  • Sep 3, 2013 3:43pm Sep 3, 2013 3:43pm
This is H1 GJ chart. How do you manage this signal? Would you take this trade marked by red line?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-proh1.png Size: 49 KB
1 trader viewing now