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Multi time frame Simple MACD system

  • #281
  • Edited 2:56pm Sep 12, 2013 8:47am | Edited 2:56pm
I've completed 2013 Daily backtest of the majors:

EURUSD

1 loss
4 break even
3 win

Total: +2

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.png Size: 111 KB




GBPUSD

2 loss
1 break even
4 win

Total: +2

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 105 KB





USDJPY

6 loss
2 break even
5 win

Total: -1

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 113 KB





USDCHF

4 loss
2 break even
2 win

Total: -2

Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.png Size: 111 KB


If we had traded the 4 majors for all the 2013 we would be at +1 (minus spread)....
So, more or less we have breaked even in more than 8 months

Have you got the same results?
  • #282
  • Sep 12, 2013 9:19am Sep 12, 2013 9:19am
Quoting lucariga
I've completed 2013 Daily backtest of the majors: EURUSD 2 loss 4 break even 5 win Total: +3 {image} GBPUSD 3 loss 1 break even 4 win Total: +1 {image} USDJPY 5 loss 2 break even 5 win Total: 0 {image} USDCHF 5 loss 3 break even 2 win Total: -3 {image} If we had traded the 4 majors for all the 2013 we wold be at +1 (minus spread).... So, more or less we have breaked even in more than 8 months Have you got the same results?
Hi lucariga.

You are on an unstoppable mission!

I will do a chart comparison over the next day or so to see if I get somewhat close to your results. I even do my best not to skip any of the basic rules.

Nice work my friend.

1greyfox
  • #283
  • Sep 12, 2013 9:28am Sep 12, 2013 9:28am
Quoting 1greyfox
{quote} Hi lucariga. You are on an unstoppable mission! I will do a chart comparison over the next day or so to see if I get somewhat close to your results. I even do my best not to skip any of the basic rules. Nice work my friend. 1greyfox
Is long but worth a try.... I hope garfield fixes the EA soon, so we'll backtest faster...
  • #284
  • Sep 12, 2013 1:43pm Sep 12, 2013 1:43pm
Quoting magft
How does this look for an entry? Regards Mike
Hi Mike,

You mean the signal, the arrow in the chart? Great! Of course a red one for Short and a green one for Long. But.... only when there is a new and fresh signal . The sound-signal as it is now generates always a sound on every situation there are three green ones or three red ones. I prefer only when there is only a new/fresh signal. It would be great if you or somebody else can make this for both signals, sounds and arrows
Keep it simple without too many crappy indicators!
  • #285
  • Edited 2:22pm Sep 12, 2013 2:10pm | Edited 2:22pm
This is the 2013 backtest of DAILY AUDUSD:

1 loss
8 break even
1 win

Total: 0

Attached Image (click to enlarge)
Click to Enlarge Name: audusd1.png Size: 104 KB


Hey garfield, help me. Is there anything I'm doing wrong?
  • #286
  • Sep 12, 2013 4:45pm Sep 12, 2013 4:45pm
Quoting lucariga
I've completed 2013 Daily backtest of the majors: EURUSD 1 loss 4 break even 3 win Total: +2 {image} GBPUSD 2 loss 1 break even 4 win Total: +2 {image} USDJPY 6 loss 2 break even 5 win Total: -1 {image} USDCHF 4 loss 2 break even 2 win Total: -2 {image} If we had traded the 4 majors for all the 2013 we would be at +1 (minus spread).... So, more or less we have breaked even in more than 8 months Have you got the same results?
Hi lucariga

I went through your charts including the AUD/USD chart you posted after these charts were posted.
I am only attaching charts of the EUR/USD and GBP/USD as our results were slightly different. This may be caused by my breaking rules again, or it is something you may have just overlooked.

My results on the USD/JPY, USD/CHF, and AUD/USD were the same.

Garfield75 did say that he trades mostly the 4 hour chart, I think you are showing that the daily time frame may not be the best time frame to use.

1greyfox
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-09-12_EURUSD backtest.gif Size: 56 KB
Click to Enlarge Name: 2013-09-12_GBPUSD backtest.gif Size: 51 KB
  • #287
  • Sep 12, 2013 4:46pm Sep 12, 2013 4:46pm
USDJPY short trade on 4Hour yesterday was stopped out at breakeven.

USDCHF short trade on daily chart was trigger.
Trading is SIMPLE not EASY.
  • #288
  • Sep 12, 2013 4:52pm Sep 12, 2013 4:52pm
Quoting 1greyfox
{quote} Hi lucariga I went through your charts including the AUD/USD chart you posted after these charts were posted. I am only attaching charts of the EUR/USD and GBP/USD as our results were slightly different. This may be caused by my breaking rules again, or it is something you may have just overlooked. My results on the USD/JPY, USD/CHF, and AUD/USD were the same. Garfield75 did say that he trades mostly the 4 hour chart, I think you are showing that the daily time frame may not be the best time frame to use. 1greyfox {image} {image}

Yep. I trade the 4 hour chart. I don't trade any timeframe lower than 4 hour chart.

I am trading the daily chart, but daily chart I am using addition judgement to take or skip trade. example would be setup of long on EURJPY and USDJPY couple days back on daily chart. I skipped due to them being range bound on that timeframe.
Trading is SIMPLE not EASY.
  • #289
  • Sep 12, 2013 5:05pm Sep 12, 2013 5:05pm
Quoting garfield75
{quote} Yep. I trade the 4 hour chart. I don't trade any timeframe lower than 4 hour chart. I am trading the daily chart, but daily chart I am using addition judgement to take or skip trade. example would be setup of long on EURJPY and USDJPY couple days back on daily chart. I skipped due to them being range bound on that timeframe.
Hi Garfield75.

Thank you for your input about trading on the daily chart. I thought there had to be some judgment calls involved when deciding to take a trade or not, but since I don't recall you mentioning anything I was hesitant to comment too much.

BTW, I am also short on the USD/CHF pair also. Lets get some pips!

1greyfox
  • #290
  • Sep 12, 2013 5:14pm Sep 12, 2013 5:14pm
Here is my trade result for September, live account trading with 1% risk per trade.
Attached Image (click to enlarge)
Click to Enlarge Name: TradeResult.JPG Size: 172 KB
Trading is SIMPLE not EASY.
  • #291
  • Sep 12, 2013 5:16pm Sep 12, 2013 5:16pm
Quoting garfield75
{quote} Yep. I trade the 4 hour chart. I don't trade any timeframe lower than 4 hour chart. I am trading the daily chart, but daily chart I am using addition judgement to take or skip trade. example would be setup of long on EURJPY and USDJPY couple days back on daily chart. I skipped due to them being range bound on that timeframe.
Usually the bigger the TF the better...
So what are your additional rules for the daily TF?
I will backtest with them

Thanks
  • #292
  • Sep 12, 2013 5:21pm Sep 12, 2013 5:21pm
Quoting garfield75
Here is my trade result for September, live account trading with 1% risk per trade. {image}
Hi Garfield75

Thanks for sharing your results, the winners definitely outshine the losers. Very nice!

1greyfox
  • #293
  • Sep 12, 2013 5:23pm Sep 12, 2013 5:23pm
Quoting lucariga
{quote} Usually the bigger the TF the better... So what are your additional rules for the daily TF? I will backtest with them Thanks
Rules still remain the same.

It's do with the feel of the market, experience in trading and trying to pick additional information of the chart like ranging market, divergence, double/triple top, S/R areas etc.
That's why it's judgement call in addition to trading rules for entry & exit on daily chart.
Trading is SIMPLE not EASY.
  • #294
  • Sep 12, 2013 6:39pm Sep 12, 2013 6:39pm
I have connected the Mike's EA Demo account trade explorer to this thread.
Every one can keep track of trades made by the EA and check their chart. I will test is for a week at least to make sure it's following all the rules before releasing to everyone.


Thanks mike for putting in the effort.

Cheers
Trading is SIMPLE not EASY.
  • #295
  • Sep 12, 2013 6:51pm Sep 12, 2013 6:51pm
Quoting garfield75
{quote} Rules still remain the same. It's do with the feel of the market, experience in trading and trying to pick additional information of the chart like ranging market, divergence, double/triple top, S/R areas etc. That's why it's judgement call in addition to trading rules for entry & exit on daily chart.
Ok, thx.
Why on the 4 hr you don't need to watch all of those things?
I ask you because unfortunately I can't trade less than DAILY due to my job, and I wish your rules alone could be valid also on daily....

You said divergences, I've seen that grayfox trades divergences too, maybe that is the part I'm missing. How do you trade divergences?

Thank you guys
  • #296
  • Sep 12, 2013 7:50pm Sep 12, 2013 7:50pm
Quoting lucariga
{quote} Ok, thx. Why on the 4 hr you don't need to watch all of those things? I ask you because unfortunately I can't trade less than DAILY due to my job, and I wish your rules alone could be valid also on daily.... You said divergences, I've seen that grayfox trades divergences too, maybe that is the part I'm missing. How do you trade divergences? Thank you guys
I do watch some of those clues on on 4 hours chart too, but due to lower TF and price momentum, more often then not the price goes in the direction of the trade to give profit. I have quite a few examples where price went only few pips beyond my profit and then retraced back.

Without changing main topic of this thread, there are quite a few threads in FF on divergence, maybe you can PM 1greyfox and he will point you to right direction on learning how to spot and trade divergence.

Which pairs are you planning to trade on daily chart ?
Trading is SIMPLE not EASY.
  • #297
  • Sep 12, 2013 10:10pm Sep 12, 2013 10:10pm
Quoting lucariga
{quote} Ok, thx. Why on the 4 hr you don't need to watch all of those things? I ask you because unfortunately I can't trade less than DAILY due to my job, and I wish your rules alone could be valid also on daily.... You said divergences, I've seen that grayfox trades divergences too, maybe that is the part I'm missing. How do you trade divergences? Thank you guys
Hi lucariga

The divergence trading method I use is a completely separate animal from the method presented here. Divergence trading deals mostly with counter-trend trading, the method here is more of a trend following method. I was drawn to garfield75's method because it offers a different way of finding trade opportunities while still being based on the MACD.

1greyfox
  • #298
  • Sep 13, 2013 2:41am Sep 13, 2013 2:41am
Thanks everyone for adding graphics to the topic. With these examples it helps a lot checking if I do everything right.

However I am not sure if I have the right time setting (synchronized with Atomic Clock) for the charts in MT4 in relation to the charts I see in this topic. As I told you I am living in Europe. I was reading somewhere that MT4 uses the time setting of New York time especially for 4h charts. It confuses me a lot. Is there anybody who clarify this to me in easy English
Keep it simple without too many crappy indicators!
  • #299
  • Sep 13, 2013 6:09am Sep 13, 2013 6:09am
Quoting luvene
Thanks everyone for adding graphics to the topic. With these examples it helps a lot checking if I do everything right. However I am not sure if I have the right time setting (synchronized with Atomic Clock) for the charts in MT4 in relation to the charts I see in this topic. As I told you I am living in Europe. I was reading somewhere that MT4 uses the time setting of New York time especially for 4h charts. It confuses me a lot. Is there anybody who clarify this to me in easy English
Hi luvene.

The reason you may not be seeing the same times on the charts posted here as your charts is because the time on your charts is linked directly to when your broker's day ends. If you want your charts to look similar to some posted here you would have to download an MT4 platform that uses a candle close that matches the NY session close. I use FXDD so that should get you started. The 4 hour chart can show the most differences because of its candle close time.

Trying to sync times with atomic clock is over-complicating something that can be easily solved by using a different brokers charts for your setups and then just entering the trade with your regular broker. Keep it simple and trading can become enjoyable instead of a 'job'.

1greyfox
  • #300
  • Sep 13, 2013 6:22am Sep 13, 2013 6:22am
Quoting 1greyfox
{quote} Hi luvene. The reason you may not be seeing the same times on the charts posted here as your charts is because the time on your charts is linked directly to when your broker's day ends. If you want your charts to look similar to some posted here you would have to download an MT4 platform that uses a candle close that matches the NY session close. I use FXDD so that should get you started. The 4 hour chart can show the most differences because of its candle close time. Trying to sync times with atomic clock is over-complicating something...
Hi 1Greyfox,

Thanks again for as always quick response but why on the other hand should I use MT4 of FXDD? Alright, when I do so I have the same charts as most of us have in this topic with closing NY time but I wonder if this is better than mine with the closing time of my broker......?

What do you think? The system is real good and my opinion is that whatever Broker you are using the results are more or less the same.

I am looking forward as always to your reply.

Keep up the good work!

Thanks,
Luvene
Keep it simple without too many crappy indicators!
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