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Multi time frame Simple MACD system

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  • Post #61
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  • Sep 3, 2013 4:58pm Sep 3, 2013 4:58pm
  •  kukuso
  • | Joined Feb 2013 | Status: Member | 9 Posts
Quoting iwan73
Disliked
This is H1 GJ chart. How do you manage this signal? Would you take this trade marked by red line? {image}
Ignored
i believe this setup is for H4 and D1 timeframes. Re: post #1
 
 
  • Post #62
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  • Sep 3, 2013 5:24pm Sep 3, 2013 5:24pm
  •  chayon
  • | Joined Jun 2013 | Status: Member | 37 Posts
can anyone Make an Ea with this strategy ??
 
 
  • Post #63
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  • Sep 3, 2013 5:53pm Sep 3, 2013 5:53pm
  •  tradefish
  • | Joined Aug 2013 | Status: Member | 38 Posts
Hi again, more questions about the system. I attach a graph to explain some trades and if there are some mistakes correct me please.

I've done a very simple test from 5 august to now. I've made a total of 7 trades and I've not make a SL move to BE when we reach half the TP, and neither discard a trade if it is less than 25 pip TP. The only reason to do it this way is just to make some trades and see if I understand more or less how it goes....

Ok, the first doubt, for example after reaching TP in the first trade, do we enter inmediatly another trade as we have all three macds in green and we are no more in market?? Or do we need a transition from red to green or green to red to enter a new trade?
Another doubt, do we skip a trade if the bar is a very big one, like the one that I mark in yellow (fourth trade), or that doesn't matter at all..... In this case we reach TP, but maybe sometimes if TP is very far away it's nearly imposible to reach.....

Well, no more from now. In this case, if everything is correct we've had 4 winners and 3 losers.
Attached Image (click to enlarge)
Click to Enlarge

Name: macds.png
Size: 46 KB
 
 
  • Post #64
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  • Sep 3, 2013 7:25pm Sep 3, 2013 7:25pm
  •  garfield75
  • Joined Jan 2009 | Status: Member | 746 Posts
Quoting tradefish
Disliked
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...
Ignored
Hi Tradefish,

you are right there was a error on the setting and I have updated #1 post now with correct setting.
I haven't setting any trailing SL, due to limited time for trading, however if you find it to me more profitable, please share your result and point of view.

Cheers
Trading is SIMPLE not EASY.
 
 
  • Post #65
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  • Sep 3, 2013 7:27pm Sep 3, 2013 7:27pm
  •  garfield75
  • Joined Jan 2009 | Status: Member | 746 Posts
Quoting traco1
Disliked
Maybe I missed it, but what would be the settings for daily time frame ?
Ignored
i have posted the settings on #1 post
Trading is SIMPLE not EASY.
 
 
  • Post #66
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  • Sep 3, 2013 7:35pm Sep 3, 2013 7:35pm
  •  garfield75
  • Joined Jan 2009 | Status: Member | 746 Posts
Quoting iwan73
Disliked
This is H1 GJ chart. How do you manage this signal? Would you take this trade marked by red line? {image}
Ignored
I don't trade 1 hr chart, but that signal is valid.
At the open of the next candle, you would put a buy stop on top(high) of the green candle, with stop below (low) of the candle, target equal distance to stoploss. Once triggered, move stop to breakeven when price is half way between entry and target.
Trading is SIMPLE not EASY.
 
 
  • Post #67
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  • Sep 3, 2013 7:48pm Sep 3, 2013 7:48pm
  •  garfield75
  • Joined Jan 2009 | Status: Member | 746 Posts
Quoting tradefish
Disliked
Hi again, more questions about the system. I attach a graph to explain some trades and if there are some mistakes correct me please. I've done a very simple test from 5 august to now. I've made a total of 7 trades and I've not make a SL move to BE when we reach half the TP, and neither discard a trade if it is less than 25 pip TP. The only reason to do it this way is just to make some trades and see if I understand more or less how it goes.... Ok, the first doubt, for example after reaching TP in the first trade, do we enter inmediatly another trade...
Ignored
New trades are entered on the transition of red bar to green or green bar to trade. If you already have a trade open on the pair and it's not a breakeven, new trade signals should be ignored.
No skipping trade based on big candles. Skip trade only of candle size is smaller than 25 pips.
Also looking at the chart you have posted,
1) Third trade is not a valid entry as there were not transition from Red to Green.
2) Fifth trade entry is one candle late, also since you would have a open position already, whihc is not a breakeven, this trade should be skipped.
3) sixth trade entry should be at the high of the candle, therefore it wouldn't trigger and get cancelled after 4 hours.

Hope that clears up few things on the trade.

Cheers
Trading is SIMPLE not EASY.
 
 
  • Post #68
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  • Sep 3, 2013 8:53pm Sep 3, 2013 8:53pm
  •  mact4
  • | Joined Sep 2013 | Status: Member | 249 Posts
Quoting garfield75
Disliked
{quote} New trades are entered on the transition of red bar to green or green bar to trade.
Ignored
Hi Garfield,

This thread looks promising. I've been trading another MTF system but your system is certainly a lot easier to implement. So thank you for sharing.

I do have one question: for each of the MACD charts, do we simply ignore the line running through the bars (from left to right - I presume this is the MA line) and simply read the colour of the vertical bars?
 
 
  • Post #69
  • Quote
  • Sep 3, 2013 10:20pm Sep 3, 2013 10:20pm
  •  garfield75
  • Joined Jan 2009 | Status: Member | 746 Posts
Quoting mact4
Disliked
{quote} Hi Garfield, This thread looks promising. I've been trading another MTF system but your system is certainly a lot easier to implement. So thank you for sharing. I do have one question: for each of the MACD charts, do we simply ignore the line running through the bars (from left to right - I presume this is the MA line) and simply read the colour of the vertical bars?
Ignored
Thanks mact4. Please ignore white line running through....
Trading is SIMPLE not EASY.
 
 
  • Post #70
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  • Sep 3, 2013 11:31pm Sep 3, 2013 11:31pm
  •  Oyapoke
  • | Joined Feb 2011 | Status: Member | 67 Posts
Quoting garfield75
Disliked
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....
Ignored
Hello Garfield, I think your very promising method.
Two questions please :
1 - For the stop loss and take profit, do you take into account the wicks of the trigger candle ?
2 - Also in post N°1, you talk of « Buy stop order ». Do you place an order conditional on the highest of the wick (or lowest of the wick) ?
Thanks
Best regards

Oya
 
 
  • Post #71
  • Quote
  • Sep 3, 2013 11:42pm Sep 3, 2013 11:42pm
  •  garfield75
  • Joined Jan 2009 | Status: Member | 746 Posts
Quoting Oyapoke
Disliked
{quote} Hello Garfield, I think your very promising method. Two questions please : 1 - For the stop loss and take profit, do you take into account the wicks of the trigger candle ? 2 - Also in post N°1, you talk of « Buy stop order ». Do you place an order conditional on the highest of the wick (or lowest of the wick) ? Thanks Best regards Oya
Ignored
Hi Oya,

1) Yes. Wicks of the trigger candle is included.
2) Buy stop on the Highest of the wick and Sell stop on the lowest of the wick.

cheers
Trading is SIMPLE not EASY.
 
 
  • Post #72
  • Quote
  • Sep 3, 2013 11:59pm Sep 3, 2013 11:59pm
  •  Oyapoke
  • | Joined Feb 2011 | Status: Member | 67 Posts
Quoting garfield75
Disliked
{quote} Hi Oya, 1) Yes. Wicks of the trigger candle is included. 2) Buy stop on the Highest of the wick and Sell stop on the lowest of the wick. cheers
Ignored
Thanks garfield,

Best regards

Oya
 
 
  • Post #73
  • Quote
  • Edited 3:00am Sep 4, 2013 2:35am | Edited 3:00am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 746 Posts
Here is a great example of EURNZD trades I am currently in
1st trade triggered early morning my time at 7 AM my time (Sydney). as it moved in the right direction, I managed to move my stop to breakeven. Then another trade entry was confirmed at the close of 4 hr candle at 3 PM, which I setup and it has triggers.

Now it's just wait an watch game, till I can move my stop to breakeven for the second trade.

Update - Both trades hit the profit target just before london open.
Attached Image(s) (click to enlarge)
Click to Enlarge

Name: EURNZD.JPG
Size: 131 KB
Click to Enlarge

Name: EURNZD-update.JPG
Size: 134 KB
Trading is SIMPLE not EASY.
 
 
  • Post #74
  • Quote
  • Sep 4, 2013 3:44am Sep 4, 2013 3:44am
  •  kepo38
  • | Joined Dec 2011 | Status: Member | 146 Posts
Quoting garfield75
Disliked
Here is a great example of EURNZD trades I am currently in 1st trade triggered early morning my time at 7 AM my time (Sydney). as it moved in the right direction, I managed to move my stop to breakeven. Then another trade entry was confirmed at the close of 4 hr candle at 3 PM, which I setup and it has triggers. Now it's just wait an watch game, till I can move my stop to breakeven for the second trade. Update - Both trades hit the profit target just before london open. {image} {image}
Ignored
are not trades valid entry as there were not transition from Green to Red ?
 
 
  • Post #75
  • Quote
  • Sep 4, 2013 3:46am Sep 4, 2013 3:46am
  •  kepo38
  • | Joined Dec 2011 | Status: Member | 146 Posts
Quoting kepo38
Disliked
{quote} are not trades valid entry as there were not transition from Green to Red ?
Ignored
sorry, I thought the white lines.
 
 
  • Post #76
  • Quote
  • Sep 4, 2013 4:08am Sep 4, 2013 4:08am
  •  lucariga
  • | Joined Apr 2012 | Status: Member | 571 Posts
I've seen garfield's Daily settings on the 1st post:
3 setting for the indicator on Daily chart
1) 12,26,9
2) 60,130,45
3) 240,520,180

I've made some calculation, and I've noticed that the weeks on every month are 4,345 instead of 4 (365/7=52,143 weeks/year) --> (52,143/12=4,345 week/month)


So the Daily settings should be:
1) 12,26,9 (Day)
2) 60,130,45 (Week) --> *4,345 and we obtain the monthly settings
3) 261,565,196 (Month) --> signals are very different between this and 240,520,180

What you guys think?
 
 
  • Post #77
  • Quote
  • Sep 4, 2013 4:36am Sep 4, 2013 4:36am
  •  kepo38
  • | Joined Dec 2011 | Status: Member | 146 Posts
EURJPY - H4
yesterday
Attached Image (click to enlarge)
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Name: eurjpy.JPG
Size: 179 KB
 
 
  • Post #78
  • Quote
  • Sep 4, 2013 4:46am Sep 4, 2013 4:46am
  •  kepo38
  • | Joined Dec 2011 | Status: Member | 146 Posts
EURUSD - Daily
why last 3 signals are bad ?
Attached Image (click to enlarge)
Click to Enlarge

Name: eurusd.JPG
Size: 247 KB
 
 
  • Post #79
  • Quote
  • Sep 4, 2013 5:05am Sep 4, 2013 5:05am
  •  tradefish
  • | Joined Aug 2013 | Status: Member | 38 Posts
Quoting kepo38
Disliked
EURUSD - Daily why last 3 signals are bad ? {image}
Ignored
If that line above the price is the 200ema, I think neither of the last four entries are valid, as tne 200ema es between toy trade and your TP....
 
 
  • Post #80
  • Quote
  • Sep 4, 2013 5:21am Sep 4, 2013 5:21am
  •  garfield75
  • Joined Jan 2009 | Status: Member | 746 Posts
Quoting lucariga
Disliked
I've seen garfield's Daily settings on the 1st post: 3 setting for the indicator on Daily chart 1) 12,26,9 2) 60,130,45 3) 240,520,180 I've made some calculation, and I've noticed that the weeks on every month are 4,345 instead of 4 (365/7=52,143 weeks/year) --> (52,143/12=4,345 week/month) So the Daily settings should be: 1) 12,26,9 (Day) 2) 60,130,45 (Week) --> *4,345 and we obtain the monthly settings 3) 261,565,196 (Month) --> signals are very different between this and 240,520,180 What you guys think?
Ignored
not sure about your calculation here is how I calculate
12 (day) * 5 = 60 (week) as there are 5 trading days in a week.
12 (day) * 20 = 240 (month) as there are 20 trading days in a month on avg.
Trading is SIMPLE not EASY.
 
 
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