Multi time frame Simple MACD system | Page 9 | 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

  • #161
  • Sep 9, 2013 11:19am Sep 9, 2013 11:19am
Quoting garfield75
{quote} 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.
Hi Garfield, I am new here and I have lots of experience with automatic and semi-automatic systems, especially on FDAX which is not Forex, but.....

I think your system is awesome and because it's not that difficult I like it very much. Because FDAX is also volatile which is almost normal with all Forex Pairs. I think this system will do also for FDAX and maybe other volatile indices. I want to try it also on Forex, GBP/USD and EUR/USD and maybe more. Do you have a favorable? Can you tell me something about your favorite pairs? And why do you use Daily MA 200 for skipping trades? What's better, 4H timeframe or Daily timeframe

Thanks!
Luvene
Keep it simple without too many crappy indicators!
  • #162
  • Sep 9, 2013 11:47am Sep 9, 2013 11:47am
Hi everyone.

Here is a EUR/JPY trade I was in a few hours ago, this trade was taken on the 1 hour chart. Since this was a smaller time frame setup I decided to go for about a 1:2 Risk/Reward ratio instead of the normal 1:1

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-09_EURJPY 1H 3macd.gif Size: 42 KB
  • #163
  • Sep 9, 2013 4:45pm Sep 9, 2013 4:45pm
Quoting luvene
{quote} Hi Garfield, I am new here and I have lots of experience with automatic and semi-automatic systems, especially on FDAX which is not Forex, but..... I think your system is awesome and because it's not that difficult I like it very much. Because FDAX is also volatile which is almost normal with all Forex Pairs. I think this system will do also for FDAX and maybe other volatile indices. I want to try it also on Forex, GBP/USD and EUR/USD and maybe more. Do you have a favorable? Can you tell me something about your favorite pairs?...
I don't have any favorable pair, Trade all when setup is correct.
4H timeframe is the best in my opinion, I also trade daily, but you are free to try any other time frame that suits you.
80% of the time when price reaches 200 Daily MA, it tends to go sideways for little while, don't want to get caught in that. Therefore I avoid trades when price is close to 200 MA.

Cheers
Trading is SIMPLE not EASY.
  • #164
  • Sep 9, 2013 4:47pm Sep 9, 2013 4:47pm
Quoting 1greyfox
Hi everyone. Here is a EUR/JPY trade I was in a few hours ago, this trade was taken on the 1 hour chart. Since this was a smaller time frame setup I decided to go for about a 1:2 Risk/Reward ratio instead of the normal 1:1 1greyfox {image}
Nice work 1greyfox. Do you trade 1 hour only ? is it during london or ny session ?
Trading is SIMPLE not EASY.
  • #165
  • Sep 9, 2013 5:36pm Sep 9, 2013 5:36pm
Quoting garfield75
{quote} Nice work 1greyfox. Do you trade 1 hour only ? is it during london or ny session ?
Hi garfield75

I trade anywhere from the 15 minute through the daily charts. I like either the 1 hour or 4 hour the best as I have noticed the whipsaw action is less then on the smaller time frames.

My trading day starts around 7AM NY time and will go to 10PM NY time. I look at charts throughout the day and if something looks good I'll jump in. I will take a break from 1PM -5PM NY time as the market just slows down too much for my liking.

My main style of trading is MACD divergences and I came across your thread when I was searching for more MACD stuff. Your thread caught my attention because of the use of 3 MACD's and the simplicity of your method. I know I don't follow your rules to the letter but I believe that in order for any method to work, each trader has to make the method their own and it has to fit the traders personality. I find your method beneficial when I am not actively searching for divergences.

How about you, would you be willing to share more about your trading style and how you developed this method?

Thanks for asking about me and I look forward to being helpful here if I am able to.

Have a great night.

1greyfox
  • #166
  • Sep 9, 2013 11:58pm Sep 9, 2013 11:58pm
Quoting 1greyfox
{quote} Hi garfield75 I trade anywhere from the 15 minute through the daily charts. I like either the 1 hour or 4 hour the best as I have noticed the whipsaw action is less then on the smaller time frames. My trading day starts around 7AM NY time and will go to 10PM NY time. I look at charts throughout the day and if something looks good I'll jump in. I will take a break from 1PM -5PM NY time as the market just slows down too much for my liking. My main style of trading is MACD divergences and I came across your thread when I was searching for more...
Hey 1GeryFox, Thanks for sharing your info.
I trade mainly 4 hr chart. Since I live in sydney most action in the market happens in the evening (family time) or mid-night (sleep time) for me.
Have trades lot of systems & strategies, have learned that simple systems with black & white rules and easy to follow them are better than overloaded indicators in the chart. True to my screenname, always trying to make a simple & lazy system that I can follow and trade easily without much screentime.

This system came about few months back, becuase I was trading a system with Fib, MA & Stoch indi put together. Where all had to line up a certain way, which is confluence of multiple inidicator. Idea that struck me was what about mulitple timeframe coming together. so I tried my theory/idea with few difference indicators and MACD seems to be the most reliable and easy to follow without any grey area for rules. So far it's looking very promising, 1% to 2% a day in equity growth is achivable even trading 4 hr chart with minimum equity risk.

Cheers
Garfield75
Trading is SIMPLE not EASY.
  • #167
  • Edited 4:04am Sep 10, 2013 3:45am | Edited 4:04am
Update on trades.

Yesterday - 9th Sept
Daily Chart
Long on GBPUSD
on 4 hour chart
EURCAD hit my stoploss.
NZDUSD - I skipped the trade. Should have taken it, turned out to be a winner

Today - 10th Sept
Daily Chart
CADJPY Long trade entry. Stop already moved to breakeven. Freeroll
NADJPY Long trade entry. Waiting to move stop to breakeven soon.
GBPUSD long entry from 9th sept. Price close to entry point.

on 4 hour chart
GBPAUD Short entry - Winner
NZDJPY Long entry - Winner
AUDJPY Long entry - Winner
AUDCHF Long entry - Skipped trade due to already open position in AUD. Didn't want to over expose to AUD.
Trading is SIMPLE not EASY.
  • #168
  • Sep 10, 2013 4:21am Sep 10, 2013 4:21am
It is always worth emphasising that current bar that appears to change colour, as one is watching, to give the 3 same colour bars on each MACD signal must close before a position is entered. A lot will skip the detail and dive in.

Yours is a simple but effective system that encourages novices to avoid cluttering charts with to many indicators.

I have paper traded your system and 1 R:R is achievable on 4H. I am looking at how 1H behaves for possible safer entries.

Have you considered catching some of the big moves using 1H?
  • #169
  • Sep 10, 2013 5:05am Sep 10, 2013 5:05am
Quoting 1greyfox
Hi everyone. Here is a EUR/JPY trade I was in a few hours ago, this trade was taken on the 1 hour chart. Since this was a smaller time frame setup I decided to go for about a 1:2 Risk/Reward ratio instead of the normal 1:1 1greyfox {image}
Hi and good call. I had 132.5 as possible target (on paper) as it was a recent high of range.

I have entered short from here to bottom of range with SL above May high.
  • #170
  • Sep 10, 2013 5:53am Sep 10, 2013 5:53am
Quoting BuySellDubai
It is always worth emphasising that current bar that appears to change colour, as one is watching, to give the 3 same colour bars on each MACD signal must close before a position is entered. A lot will skip the detail and dive in. Yours is a simple but effective system that encourages novices to avoid cluttering charts with to many indicators. I have paper traded your system and 1 R:R is achievable on 4H. I am looking at how 1H behaves for possible safer entries. Have you considered catching some of the big moves using 1H?
Thanks!!
Nope I haven't tried 1 hr to catch big moves yet!!
Trading is SIMPLE not EASY.
  • #171
  • Sep 10, 2013 6:08am Sep 10, 2013 6:08am
"Also if the trade profit traget is less than 25 pips, skip the trade."
i guess this is for 4hr chart?
the pips should be different when trading 15min and 30min and other time frames, right? do you have the number of pips for other time frames?
and should we take the pairs' volatility into account? because some pairs' range are much bigger than others.
Thanks!
  • #172
  • Sep 10, 2013 6:17am Sep 10, 2013 6:17am
Test trade only on 1H
USDCHF - possible long entry.

Long 0.9352 SL 0.9315 (below previous 4H) with TP - half +50 - half Open.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 9 KB
  • #173
  • Sep 10, 2013 6:19am Sep 10, 2013 6:19am
Hi Garfield , would like to thank you for this interesting trading system , seems quite good, short time ive tried it on demo,
I Have rather bad colour blindness and find it difficult to read the green and red lines on the macds, especially on the short lines ,ive changed the colour from green to blue and saved to a template but it always reverts back when reloading template, can you or someone advise on how to save the colour change please?
I wish everyone all the best with this new system .
Regards Peter
  • #174
  • Sep 10, 2013 6:33am Sep 10, 2013 6:33am
Quoting garfield75
{quote} Hey 1GeryFox, Thanks for sharing your info. I trade mainly 4 hr chart. Since I live in sydney most action in the market happens in the evening (family time) or mid-night (sleep time) for me.
Good morning/evening garfield75

Thanks for sharing a little about yourself also, I think everyone who gets started in trading tries many different methods before finding one or two that match the traders personality. I like the results of your journey as you developed a method that fits not only your personality but also works within the time you have for trading. That is a great accomplishment.

I have a good friend who lives in your neck of the woods. We meet up a few times a week on Skype and use a separate meeting room where we share charts and look for trade setups during the first few hours of the Asian session. This has helped both of us mature as traders, we benefit from each others thoughts about trade setups, and in hindsight the trades we had already taken. When you have someone to share your charts and do some analysis with it is amazing how much the other person sees that you miss when going over it yourself.

On another subject, I looked at your post on trades that you are in or have closed already, CONGRATS! You have clearly shown that simple trend following methods can be profitable even using a 1:1 Risk/Reward.

I your method because of the MACD use which coincides with my MACD divergence trading, so it is an addition to my method without having to learn a totally different trend trading style.

Have a great day/night and happy pipping!

1greyfox
  • #175
  • Edited 7:00am Sep 10, 2013 6:42am | Edited 7:00am
Quoting BuySellDubai
{quote} Hi and good call. I had 132.5 as possible target (on paper) as it was a recent high of range. I have entered short from here to bottom of range with SL above May high.
Hi BuySellDubai

Thank you. I did notice the higher possible target when I was setting up the trade parameters and decided it was too far back in time since there were closer previous highs to get through first. I didn't want to break to many of the rules outlined by garfield75. If we use the core principal of the 3 MACD as outlined I think we can make small changes to meet our own style without violating the basic rules of this topic thread.

I looked at some of the current EUR/JPY charts with garfield75's template attached and don't see a short setup at this time, so I guess your trade is based off of another method which might be considered off topic to the method being discussed here. I hope the trade succeeds for you.

1greyfox
  • #176
  • Sep 10, 2013 6:50am Sep 10, 2013 6:50am
Quoting BuySellDubai
Test trade only on 1H USDCHF - possible long entry. Long 0.9352 SL 0.9315 (below previous 4H) with TP - half +50 - half Open. {image}
Hi BuySellDubai

It looks like a nice setup.

What is your ma setting on this chart? I ask because my location for the daily 200 is in a different location. On either of our charts though it would have been a win if you are going for a 1:1

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-10_USDCHF comparison chart.gif Size: 31 KB
  • #177
  • Sep 10, 2013 6:53am Sep 10, 2013 6:53am
Quoting orid
Hi Garfield , would like to thank you for this interesting trading system , seems quite good, short time ive tried it on demo, I Have rather bad colour blindness and find it difficult to read the green and red lines on the macds, especially on the short lines ,ive changed the colour from green to blue and saved to a template but it always reverts back when reloading template, can you or someone advise on how to save the colour change please? I wish everyone all the best with this new system . Regards Peter
Hi orid.

If you tell me what color of blue you are using I can make that change in the indicator for you. Of course, you will have to delete the previous installed one and replace it with the updated one.

1greyfox
  • #178
  • Sep 10, 2013 7:01am Sep 10, 2013 7:01am
Hi guys, USDCHF with TF 4H is showing a perfect long.
The only problem: the price is really close to the 200MA

Bye.
  • #179
  • Sep 10, 2013 7:05am Sep 10, 2013 7:05am
Hi 1greyfox

Here are my MACD settings

MA settings are 1200/1200/200
Attached Image
  • #180
  • Sep 10, 2013 7:06am Sep 10, 2013 7:06am
Just plain blue in place of the lime green and leave red as is would be great thankyou Greyfox,
and very much appreciated.
Peter
4 traders viewing now