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Multi time frame Simple MACD system

  • #181
  • Sep 10, 2013 7:58am Sep 10, 2013 7:58am
Sorry, my English is not my first language But I think you don't understand my Dutch

I think it's really a great and simple system. I know a lot of systems and the mistakes many of us make. Using too many technical analysis in it. Most indicators are telling you the same. I understand the method for 95%. The only thing that I don't understand is that Garfield95 is trading on so many combinations at the same time on both 4H and Daily Charts....

You'd have a lot to keep an eye on it every 4 hours and also look at the Daily Charts at the same time. How many hours are you trading each day? Especially I mean this for the 4h Charts. You have to keep an eye on these ones every 4 hours.

You must also sleep or do you put the alarm clock interim once? I live in The Netherlands in Europe and therefore I am more focused on EUROPEAN pairs and USD pairs and possibly Swiss Franc combinations. Maybe there is someone who can tell me what is a good combination? I mean if there is pretty much trading on it and low spreads and volatile..... And for example what are the best trading times for all pairs available? Maybe there is somewhere on the Internet a file which clarifies what are the best time to trade for each FOREX pair? I am also interested in NZD and CAD but less in JPY.

Thanks again to Garfield95 and all the other ones especially 1Greyfox. Great job!

Cheers
Luvene
Keep it simple without too many crappy indicators!
  • #182
  • Sep 10, 2013 8:02am Sep 10, 2013 8:02am
Quoting sailorvt
"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!
I haven't analysized trades on lower TF, so can't really say what should be the minimum of pips to consider for trades.
Trading is SIMPLE not EASY.
  • #183
  • Sep 10, 2013 8:07am Sep 10, 2013 8:07am
Quoting 1greyfox
{quote} 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...

Thanks 1greyfox!! I have few traders friends and we normal use whatsapp to share trade setups and disucss trading opportunities!!!
Trading is SIMPLE not EASY.
  • #184
  • Sep 10, 2013 8:08am Sep 10, 2013 8:08am
Quoting quilin
Hi guys, USDCHF with TF 4H is showing a perfect long. The only problem: the price is really close to the 200MA Bye.
That trade is definately skippable due to 200 MA
Trading is SIMPLE not EASY.
  • #185
  • Sep 10, 2013 8:10am Sep 10, 2013 8:10am
Quoting BuySellDubai
Hi 1greyfox Here are my MACD settings MA settings are 1200/1200/200 {image}

MA setting for
1 hr should be 4800 - not sure if that will work with indicator
4 hr - 1200
Daily - 200
Trading is SIMPLE not EASY.
  • #186
  • Sep 10, 2013 8:11am Sep 10, 2013 8:11am
Quoting orid
Just plain blue in place of the lime green and leave red as is would be great thankyou Greyfox, and very much appreciated. Peter

What is your operating system ? are you logging in as administrator to your laptop/desktop ?
Trading is SIMPLE not EASY.
  • #187
  • Sep 10, 2013 8:16am Sep 10, 2013 8:16am
Quoting luvene
Sorry, my English is not my first language But I think you don't understand my Dutch I think it's really a great and simple system. I know a lot of systems and the mistakes many of us make. Using too many technical analysis in it. Most indicators are telling you the same. I understand the method for 95%. The only thing that I don't understand is that Garfield95 is trading on so many combinations at the same time on both 4H and Daily Charts.... You'd have a lot to keep an eye on it every 4 hours and also look at the Daily Charts at...
10 mins a day for daily charts as I look at that only once a day.
10 mins on charts every 4 hours. I only took at them at 7 AM, 11 AM, 3 PM, 7 PM my time. if I am awake I may look at 11 PM (maybe 1 or 2 days a week).
I also have MT4 mobile on my samsung S4. so once I am in the trade, can set a alert to send me a notification when price reachs 50% of the target so I can move stop to breakeven from my phone.

and I trade all pairs becuase I don't which onces will be winner and which won't. Si I just follow the rules to put trades on. Outcome is out of my control.
Trading is SIMPLE not EASY.
  • #188
  • Sep 10, 2013 8:20am Sep 10, 2013 8:20am
There are 7 pairs, which just confirmed trade setup for me on 11 PM 4 hours chart.
AUDCHF - long
CADCHF - long
EURAUD - short
EURCAD - short
GBPAUD - short
GBPCHF - long
GBPNZD - short

I am not taking any as it's time to sleep and I have had a great day in the market today.

Happy trading everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: Trades.JPG Size: 58 KB
Trading is SIMPLE not EASY.
  • #189
  • Sep 10, 2013 8:40am Sep 10, 2013 8:40am
Quoting garfield75
{quote} What is your operating system ? are you logging in as administrator to your laptop/desktop ?
Windows 7 I just log normally .
  • #190
  • Edited 9:29am Sep 10, 2013 9:24am | Edited 9:29am
Quoting orid
Just plain blue in place of the lime green and leave red as is would be great thankyou Greyfox, and very much appreciated. Peter
Hi orid.

I changed the color to blue and added blue to name of it, so all you need to do is place it your expert indicator folder then take a few minutes to replace the original ones on the templates with this one and all should be good. Don't forget to change the MACD settings.

Much success to you.

1greyfox
Attached File(s)
File Type: mq4 3colorMACD Blue.mq4   4 KB | 477 downloads
  • #191
  • Sep 10, 2013 9:33am Sep 10, 2013 9:33am
Quoting luvene
Thanks again to Garfield95 and all the other ones especially 1Greyfox. Great job! Cheers Luvene
Hi luvene.

Your welcome and I hope you find garfield75's method usable in your trading.

1greyfox
  • #192
  • Sep 10, 2013 9:55am Sep 10, 2013 9:55am
Quoting 1greyfox
{quote} Hi orid. I changed the color to blue and added blue to name of it, so all you need to do is place it your expert indicator folder then take a few minutes to replace the original ones on the templates with this one and all should be good. Don't forget to change the MACD settings. Much success to you. 1greyfox {file}
Thanks again greyfox very kind of you to alter that for me .
setting up shortly
peter
  • #193
  • Sep 10, 2013 9:55am Sep 10, 2013 9:55am
Hi Garfield,

I don't get it and it's very important that our charts matches with each other. When I look at your post #191 and I look at the trade or possible trade of GBPAUD I see in my chart that I got a signal to go short at my time in Europe at the candle from 16.00 - 20.00 yesterday which is yours from 00.00 - 04.00 today (10 september). I place an order to go short at the low of the candle where the signal has been generated at 1.7003.

Please, I want to do it real good, maybe I don't understand something or maybe this is normal that we have some differences? What do you think?

Thanks!
Luvene
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.png Size: 58 KB
Keep it simple without too many crappy indicators!
  • #194
  • Sep 10, 2013 10:42am Sep 10, 2013 10:42am
Quoting luvene
Hi Garfield, I don't get it and it's very important that our charts matches with each other. When I look at your post #191 and I look at the trade or possible trade of GBPAUD I see in my chart that I got a signal to go short at my time in Europe at the candle from 16.00 - 20.00 yesterday which is yours from 00.00 - 04.00 today (10 september). I place an order to go short at the low of the candle where the signal has been generated at 1.7003. Please, I want to do it real good, maybe I don't understand something or maybe this is normal that we have...
Hi luvene.

I know your question was for garfield75 and I hope you don't mind if I try to answer it by attaching a chart of the GBP/AUD 4 hour chart. As they say, a picture is worth a thousand words.

I also noticed that you have the ma set to 200 on your 4 hour chart, the correct setting should be 1200 in order to match the location of the daily ma. I am including a pic of what the ma setting should be for the 4 hour chart to match the daily.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD chart differences.gif Size: 52 KB
Attached Image
  • #195
  • Sep 10, 2013 10:58am Sep 10, 2013 10:58am
Quoting 1greyfox
Hi luvene. I know your question was for garfield75 and I hope you don't mind if I try to answer it by attaching a chart of the GBP/AUD 4 hour chart. As they say, a picture is worth a thousand words. I also noticed that you have the ma set to 200 on your 4 hour chart, the correct setting should be 1200 in order to match the location of the daily ma. I am including a pic of what the ma setting should be for the 4 hour chart to match the daily.
Hi 1Greyfox, thanks very much my friend. I was aware of the setting to 1200 MA I forgot to change it to 1200, I copied one Daily chart to this one, you can imagine that.....

Thanks for explaining the differences between my chart and the charts on MT4. I will download MT4 but I am afraid that it will confuse me. On the other hand, the only thing I have to do is place the orders at my own broker without looking at my charts. First, I have to download MT4.

Thanks again!
Luvene
Keep it simple without too many crappy indicators!
  • #196
  • Sep 10, 2013 12:27pm Sep 10, 2013 12:27pm
Quoting 1greyfox
Hi luvene. I know your question was for garfield75 and I hope you don't mind if I try to answer it by attaching a chart of the GBP/AUD 4 hour chart. As they say, a picture is worth a thousand words. I also noticed that you have the ma set to 200 on your 4 hour chart, the correct setting should be 1200 in order to match the location of the daily ma. I am including a pic of what the ma setting should be for the 4 hour chart to match the daily.
Hi 1greyfox, sorry for bothering you again. I downloaded MT4 but when I want to use MACD's I do not get it as the way I want it. When I look at your charts it looks nice and it is MT4 or isn't it?

Anyway, maybe you can help me. Maybe with a template or something like that. I think I missed something.... sorry for that but at the moment I can't do anything with MT4...
Keep it simple without too many crappy indicators!
  • #197
  • Edited 1:16pm Sep 10, 2013 1:14pm | Edited 1:16pm
Quoting luvene
{quote} Hi 1greyfox, sorry for bothering you again. I downloaded MT4 but when I want to use MACD's I do not get it as the way I want it. When I look at your charts it looks nice and it is MT4 or isn't it? Anyway, maybe you can help me. Maybe with a template or something like that. I think I missed something.... sorry for that but at the moment I can't do anything with MT4...
Hi luvene.

Glad to be of help.

In regards to your previous post, I completely understand the copying of a chart from one time frame to another and forgetting to make all the changes needed. I have made that mistake way too much. You are correct, you use the MT4 for the setup but place the actual trade on your regular brokers platform without using a chart.

Now, for this post.

Yes, my chart is of MT4, if you go to the 1st post of this thread you will find that garfield75 has pre-made templates for the various time frames. He also posted the 3colormacd indicator you need. The indicator gets placed in your experts indicator folder. Crogram FilesYour Brokers MT4 nameexpertsindicators

The templates get placed in the first template folder. Crogram FilesYour Brokers MT4 nametemplates
Restart MT4 and then open a chart and apply the template to the chart and it should look garfield75 template.

I hope this helps.

1greyfox
  • #198
  • Sep 10, 2013 1:37pm Sep 10, 2013 1:37pm
Quoting orid
{quote} Thanks again greyfox very kind of you to alter that for me . setting up shortly peter
Hi orid.

Your welcome.

Changing the color was easy once I figured out how the indicator was coded, it took some trial and error but finally found the correct area to change the color. As to doing actual programming, oh boy! the world would be in trouble.

Let me know if it is working properly.

Take care.

1greyfox
  • #199
  • Sep 10, 2013 8:37pm Sep 10, 2013 8:37pm
Quoting 1greyfox
{quote} Hi orid. Your welcome. Changing the color was easy once I figured out how the indicator was coded, it took some trial and error but finally found the correct area to change the color. As to doing actual programming, oh boy! the world would be in trouble. Let me know if it is working properly. Take care. 1greyfox
works perfectly thankyou all setup ,. Now I just have to persuade all you nice people to change your macds to the new blue colour so I can read your charts more easily LOL! actually not a bad idea really stands out for me anyway.
Btw Those templates on page one have the wrong settings I think.? I set all mine to the chart, also on page one hope thats correct.
have a great day everyone ,
Orid
  • #200
  • Edited Sep 11, 2013 12:04am Sep 10, 2013 8:54pm | Edited Sep 11, 2013 12:04am
just rechecked the templates . 4hr no. 3 mac is set to 360-780-486 chart says 360-780-270.
1hr n0. 2 mac set to 48-312-36 chart says 48-104-36.
hope I got that right might explain a few discrepancies between peoples charts if they are not checking.
have a good day .
Orid
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 127 KB
just a quick m15 trade on pivot tut tut ,just wanted to show off my colours
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