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Multi time frame Simple MACD system

  • #261
  • Sep 12, 2013 5:40am Sep 12, 2013 5:40am
Quoting magft
Here is an indicator that checks for all 3 MACDs showing the same colour. I've "borrowed" the alert code from elsewhere so it may not be perfect yet but will check current bar if required or just on previous bar. It will Alert, playsound and send email if setup correctly in MT4. When you first put the indicator on a chart it may give the wrong message but after that it seems to work correctly. Hope this helps Regards Mike {file}
Mike, thanx but...

Maybe a stupid question but in what Map should I place this file?

Regards,
Luvene
Keep it simple without too many crappy indicators!
  • #262
  • Sep 12, 2013 5:45am Sep 12, 2013 5:45am
Quoting luvene
{quote} Mike, thanx but... Maybe a stupid question but in what Map should I place this file? Regards, Luvene
This is an indicator so it goes in the same directory as 3colorMACD.mq4, as it uses this to generate signals.

You then drag onto chart of interest and you will get a histogram at the bottom of the screen showing signals.

Regards

Mike.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-12_114622.png Size: 10 KB
  • #263
  • Sep 12, 2013 5:46am Sep 12, 2013 5:46am
Quoting luvene
Hi, As I told before I am not a FOREX trader but these strategy seems to me also very good for indices like FDAX, ES, NQ and Gold. Besides these four I am using it now for two FOREX pairs, EUR/USD and GBP/USD. So I have to watch 6 ones for 4h and 6 for Daily. That will do! I love this strategy. Thanks, Luvene
Hi luvene.

I agree with you, I believe a signal is a signal no matter what currency, index, CFD, Stock, etc you place this template on. The list is endless to the possibilities, only time and the amount of monitors you have hooked up limits what to watch.

Much success to you.

1greyfox
  • #264
  • Sep 12, 2013 5:50am Sep 12, 2013 5:50am
Quoting garfield75
I have activated mikes's EA on 4 hours chart on demo account with Axitrader. Here is the link to the account - http://www.myfxbook.com/members/garf...macd-ea/693487 Going to track it with my live account with same broker.. Once again - Thanks mike for putting in the effort.
Is it possibile to have a copy so i can backtest the daily TF? (Even by pm)
  • #265
  • Sep 12, 2013 5:50am Sep 12, 2013 5:50am
Quoting BuySellDubai
{quote} Excellent work.
Thank you!
  • #266
  • Sep 12, 2013 5:55am Sep 12, 2013 5:55am
Quoting lucariga
{quote} Is it possibile to have a copy so i can backtest the daily TF? (Even by pm)
The ea is not ready yet for forum release. I am working with mike to get all the bugs iron out!!
Once done we will post it here.
Trading is SIMPLE not EASY.
  • #267
  • Sep 12, 2013 5:55am Sep 12, 2013 5:55am
Quoting magft
{quote} I noticed a slight error to do with the AutoParams setting, it was always using D1 settings! This is now fixed in v1.1. Regards Mike {file}
Hi Mike.

You're the man!!!

Thanks for taking the time to improve the method for spotting setups without creating clutter.

One question, in the original post for this indicator, has that been updated to the newest version?

1greyfox
  • #268
  • Sep 12, 2013 5:58am Sep 12, 2013 5:58am
Quoting BuySellDubai
Hi Garfield75 Here is my second attempt USDCAD 4H Short. Please let me know if I am on the right track. {image}

SL Hit.
W/L/E = 0/1/0
pips = -20
  • #269
  • Sep 12, 2013 5:59am Sep 12, 2013 5:59am
Quoting 1greyfox
{quote} Hi Mike. You're the man!!! Thanks for taking the time to improve the method for spotting setups without creating clutter. One question, in the previous post, has that indicator been updated to the newest version? 1greyfox
Post #263 Should be v1.1.

Regards

Mike
  • #270
  • Sep 12, 2013 6:03am Sep 12, 2013 6:03am
Quoting garfield75
{quote} The ea is not ready yet for forum release. I am working with mike to get all the bugs iron out!! Once done we will post it here.
Perfect!!!!
  • #271
  • Sep 12, 2013 6:13am Sep 12, 2013 6:13am
Quoting BuySellDubai
{quote} SL Hit. W/L/E = 0/1/0 pips = -20
Quick question what was the pip size of the USDCAD trigger candle on your trade ?
Trading is SIMPLE not EASY.
  • #272
  • Sep 12, 2013 6:20am Sep 12, 2013 6:20am
Quoting magft
{quote} This is an indicator so it goes in the same directory as 3colorMACD.mq4, as it uses this to generate signals. You then drag onto chart of interest and you will get a histogram at the bottom of the screen showing signals. Regards Mike. {image}
Thanks Mike, it works well And no errors !
Keep it simple without too many crappy indicators!
  • #273
  • Sep 12, 2013 6:22am Sep 12, 2013 6:22am
Quoting garfield75
{quote} Quick question what was the pip size of the USDCAD trigger candle on your trade ?

17.4 pips on my Alpari demo.

I think I should have ignored this trade as it was below 25 pips!
  • #274
  • Sep 12, 2013 6:28am Sep 12, 2013 6:28am
How does this look for an entry?

Regards

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-12_122821.png Size: 13 KB
  • #275
  • Sep 12, 2013 6:31am Sep 12, 2013 6:31am
Quoting BuySellDubai
{quote} 17.4 pips on my Alpari demo. I think I should have ignored this trade as it was below 25 pips!
yes.. based on the candle pip size, this trade setup wasn't valid.
Trading is SIMPLE not EASY.
  • #276
  • Sep 12, 2013 6:32am Sep 12, 2013 6:32am
Quoting magft
How does this look for an entry? Regards Mike {image}
I am in this USDJPY short trade already.
Trading is SIMPLE not EASY.
  • #277
  • Sep 12, 2013 6:38am Sep 12, 2013 6:38am
Quoting lucariga
{quote} EURUSD win USDCHF loose (trade not to take as per the rules) USDJPY loose EURJPY floating Not a very good day...
Also EURJPY is a looser

So to summarize 1 win and 2 loose for the moment
  • #278
  • Edited 6:57am Sep 12, 2013 6:40am | Edited 6:57am
Quoting magft
{quote} This is an indicator so it goes in the same directory as 3colorMACD.mq4, as it uses this to generate signals. You then drag onto chart of interest and you will get a histogram at the bottom of the screen showing signals. Regards Mike. {image}
that's great Mike thankyou, even has my colours
  • #279
  • Edited 8:07am Sep 12, 2013 6:49am | Edited 8:07am
Now that I fixed my MACD issue, waiting for the EA, I can manually backtest some pairs on 2013 DAILY TF.

USDCHF

5 loose
2 break even
2 win

TOTAL -3

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 83 KB
  • #280
  • Sep 12, 2013 7:46am Sep 12, 2013 7:46am
Hi everyone.

The EUR/USD trade on the daily chart I was in got closed at BE+3 when the USD unemployment number came out.

Congrats to those who won on this trade.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-12_EURUSD Daily.gif Size: 38 KB
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