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Multi time frame Simple MACD system

  • #301
  • Edited 12:59pm Sep 13, 2013 6:49am | Edited 12:59pm
Quoting luvene
{quote} 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
Hi luvene.

When I first entered the Forex world 5 years ago I was taught that the NY close was the accepted practice, so that is why I use a broker who follows that practice. I did use brokers whose daily candle close differed from NY, but finally concluded they were good only up a point, that point being I wouldn't use them for the 4 hour or Daily charts, only 1 hour or less because that matched up the best with everyone else's charts and trading. The other point that makes the NY close correct is that is when the swap fees are settled.

If you got the impression that you should leave your broker, that was and is not my intent, I apologize. I understood your initial post with time synching to mean your were trying to match charts posted here to what you see on your MT4 charts. The only way they will match is if you use the same brokers MT4 as the person who is posting.

In the final analysis, each of us can only trade what we see on our own charts.

I do appreciate that you find my posts useful, even though at times I do take the long road to provide a short reply.

Once again, I apologize if I wasn't clear and meant no harm.

1greyfox
  • #302
  • Sep 13, 2013 7:14am Sep 13, 2013 7:14am
Mike has updated and fixed some codes with EA.
I will create a new demo account on monday and start the updated version on it.
Fingers cross, we should be able to relese the EA by end of next week for everyone to test and use.
Trading is SIMPLE not EASY.
  • #303
  • Sep 13, 2013 7:48am Sep 13, 2013 7:48am
hi Garfield 75, question please , you only use the macd,s to match up the colours? ive noticed Mikes Mtf indicator works without the mac d.s on the charts cleans the charts up. or do you use the three mac d., in other ways as well? hopefully not getting ahead of my self here.
Regards Orid
  • #304
  • Sep 13, 2013 9:29am Sep 13, 2013 9:29am
Hi garfield75, congrats on the system. Looks like a promising strategy. had a quick look and I will give it a go. Cheers and thanks for sharing.
  • #305
  • Edited 12:08pm Sep 13, 2013 10:51am | Edited 12:08pm
Hi,

pfff.............. I saw at 18.00 I've got a message....this means 18.00 my Time is 16.00 for the system.... very confusing.....
I wish I have a broker with MT4 with the same timeserver as my own time, otherwise it's too much confusing......

I have a question and I hope I did well....it confuses me a lot. And I hope I make myself clear with this problem

Look at the 4h chart. When you look at the chart you see the last Bar there is a time of 12.00. This means as I understood (!) the Bar begins at 12.00 and ends at 16.00. In that particular Bar I've got a signal to go Long, three green Bars, alright.

I placed the order at 16.00. My thoughts was there is coming a new bar now but.................... at the moment I don't see a new Bar.
Why is that? The time is after 16.00......

Does this mean that I have to wait until this current Bar is closed??????
Please help!

Thanks,
Luvene
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 34 KB
Keep it simple without too many crappy indicators!
  • #306
  • Sep 13, 2013 12:12pm Sep 13, 2013 12:12pm
Quoting luvene
Hi, pfff.............. I saw at 18.00 I've got a message....this means 18.00 my Time is 16.00 for the system.... very confusing..... I have a question and I hope I did well....it confuses me a lot. And I hope I make myself clear with this problem Look at the 4h chart. When you look at the chart you see the last Bar there is a time of 12.00. This means as I understood (!) the Bar begins at 12.00 and ends at 16.00. In that particular Bar I've got a signal to go Long, three green Bars, alright. I placed the order at 16.00. My thoughts was...

Hi luvene.

The time zone differences are probably due to where your broker has their servers located, very often it will be different from your local time zone.

If you drew that vertical line directly on the 4 hour chart and not a lower time frame chart and then switched the chart to the 4 hour chart, then you are correct that the candle opened at 12:00 and the next new candle should be open at 16:00 On the other hand, if you drew that vertical line on a 1 hour chart and then switched to the 4 hour time frame, then all that is known is that the 12:00 is located somewhere within that 4 hour time period. By now you are probably pulling your hair out screaming at me.

My initial thought is since it is Friday and you are 6 hours ahead of where I am, could it possible that your broker has closed for the weekend and that is why the new candle didn't appear?

Also, you do have to wait until the current candle has closed before setting up your order because the signal may change during the active candle.

1greyfox
  • #307
  • Edited 6:42pm Sep 13, 2013 12:26pm | Edited 6:42pm
Quoting orid
hi Garfield 75, question please , you only use the macd,s to match up the colours? ive noticed Mikes Mtf indicator works without the mac d.s on the charts cleans the charts up. or do you use the three mac d., in other ways as well? hopefully not getting ahead of my self here. Regards Orid
Hi orid.

I had the same thoughts as you so I added the MACD signal to the chart and scrolled back and the MACD signal indicator matched up with the 3MACD's on all the pairs I looked at. Unfortunately, a previous poster noticed that you would receive an alert with the opening of each new candle(I can't confirm that because I set the alert feature to false). I am attaching a couple of pics to show the settings of the MACD signal and also how I set the charts up for the 4 hour time frame.

Now, it takes only a minute or two every 4 hours to see if a new signal bar has printed or not. no audible alert needed. You could also do this for the daily charts. just rename the profile differently than you dd for the 4 hour.

1greyfox
Attached Image (click to enlarge)
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Attached Image
  • #308
  • Sep 13, 2013 1:25pm Sep 13, 2013 1:25pm
Quoting 1greyfox
{quote} My initial thought is since it is Friday and you are 6 hours ahead of where I am, could it possible that your broker has closed for the weekend and that is why the new candle didn't appear? Also, you do have to wait until the current candle has closed before setting up your order because the signal may change during the active candle. 1greyfox
Hi 1Greyfox, no, that's not the case.

Indeed, you are right that timeserver of my broker is 2 hours earlier than my time. The time now in MT4 is 18.22 and my time is 20.22......

It confuses me a lot but I can handle it. It would be better if I can find a broker with the same servertime as my own local time.......

I understand that I have to wait until the current Bar is closed..... because of the different times I was confused. That seems normal......

Thanks again, I apappreciate!
Luvene
Keep it simple without too many crappy indicators!
  • #309
  • Sep 13, 2013 8:00pm Sep 13, 2013 8:00pm
Quoting orid
hi Garfield 75, question please , you only use the macd,s to match up the colours? ive noticed Mikes Mtf indicator works without the mac d.s on the charts cleans the charts up. or do you use the three mac d., in other ways as well? hopefully not getting ahead of my self here. Regards Orid
Hi Orid,

I use the MACD's other ways to spot divergence too, so for me I need to have all 3 MACD's on the chart.

Cheers
Trading is SIMPLE not EASY.
  • #310
  • Sep 13, 2013 11:25pm Sep 13, 2013 11:25pm
Quoting 1greyfox
{quote} Hi orid. I had the same thoughts as you so I added the MACD signal to the chart and scrolled back and the MACD signal indicator matched up with the 3MACD's on all the pairs I looked at. Unfortunately, a previous poster noticed that you would receive an alert with the opening of each new candle(I can't confirm that because I set the alert feature to false). I am attaching a couple of pics to show the settings of the MACD signal and also how I set the charts up for the 4 hour time frame. Now, it takes only a minute or two every 4 hours to...
Hi greyfox, Yes I also have alerts turned off , Lot Quicker to check now with Mikes great work, Looks like I will have to read up more on divergencies .so I can still use the macd to my advantage, and also not waste your good work on the colour change,
Regards Pete
  • #311
  • Sep 13, 2013 11:29pm Sep 13, 2013 11:29pm
Quoting garfield75
{quote} Hi Orid, I use the MACD's other ways to spot divergence too, so for me I need to have all 3 MACD's on the chart. Cheers
Thankyou Garfield ,Looks like I have a lot more reading to do.
Regards Orid
  • #312
  • Edited 2:05am Sep 14, 2013 1:52am | Edited 2:05am
Quoting 1greyfox
{quote} Hi orid. I had the same thoughts as you so I added the MACD signal to the chart and scrolled back and the MACD signal indicator matched up with the 3MACD's on all the pairs I looked at. Unfortunately, a previous poster noticed that you would receive an alert with the opening of each new candle(I can't confirm that because I set the alert feature to false). I am attaching a couple of pics to show the settings of the MACD signal and also how I set the charts up for the 4 hour time frame. Now, it takes only a minute or two every 4 hours to...
Hi 1Greyfox / Mike and others. Sorry, I don't get it, maybe because English is not my mother language. As I looked to the image of the settings of the signal I noticed that alertsOn is false But how do you get a signal when you do so? OK, I understand it works and that's the main thing. However, it would be great when you get only a message or signal when there is a fresh/new signal. As it is now every time when 3 MACD's matches with the same color you get a signal/message over and over again.

I hope I've made my point. Maybe this is not possible but now when you are watching many pairs you get many messages every 4 hours...

Cheers!
Luvene


Note : another interesting article http://www.metatrader4.com/forum/89 about changing time in Metatrader4. Unfortunately, you can't do this and that's the reason why I don't like MT4 unless all the other features are great.
Keep it simple without too many crappy indicators!
  • #313
  • Sep 14, 2013 2:28am Sep 14, 2013 2:28am
Quoting luvene
{quote} Hi 1Greyfox / Mike and others. Sorry, I don't get it, maybe because English is not my mother language. As I looked to the image of the settings of the signal I noticed that alertsOn is false But how do you get a signal when you do so? OK, I understand it works and that's the main thing. However, it would be great when you get only a message or signal when there is a fresh/new signal. As it is now every time when 3 MACD's matches with the same color you get a signal/message over and over again. I hope I've made my point. Maybe this...
Hi Luvene,
with the setting: "alertsOn" you can choose if you want the alerts or not.

if NOT: no alerts, you simply need to check the bar color every 4 hours. This is your "visual" job.
if YES: you can set all the parameters below. if you want the "message alarm" ( pop-up window message), if you want the "sound alarm" ( sound ), or "email alert" ( if you want the email alert, you must configure your metatrader platform ).
For finish "alertOnCurrent" means if you want also the alarm when the current bar changes color. ( this is not so good becaouse the current bar repaint, and you get a lot messages for nothing i think ).

Have a nice day.
quilin
  • #314
  • Sep 14, 2013 2:39am Sep 14, 2013 2:39am
Quoting quilin
{quote} Hi Luvene, with the setting: "alertsOn" you can choose if you want the alerts or not. if NOT: no alerts, you simply need to check the bar color every 4 hours. This is your "visual" job. if YES: you can set all the parameters below. if you want the "message alarm" ( pop-up window message), if you want the "sound alarm" ( sound ), or "email alert" ( if you want the email alert, you must configure your metatrader platform ). For finish "alertOnCurrent" means if you want also the alarm when the current bar changes color. ( this is...
Thanks Quilin, one last question : great remark "alertOnCurrent" Does this mean if I set it on false that I get a signal when the next Bar is going to open and so the previous Bar is closed with all three MACD's having the same color? That would be nice and much better I think
Keep it simple without too many crappy indicators!
  • #315
  • Sep 14, 2013 2:48am Sep 14, 2013 2:48am
Quoting luvene
{quote} Thanks Quilin, one last question : great remark "alertOnCurrent" Does this mean if I set it on false that I get a signal when the next Bar is going to open and so the previous Bar is closed with all three MACD's having the same color? That would be nice and much better I think
Yes Luvene, that's perfect.
bye.
  • #316
  • Sep 14, 2013 3:11am Sep 14, 2013 3:11am
Hi,

Does anybody know MT4 Broker who are using the same time server as I have? I live in Holland, my time is UK Time + 1.

Thanks!
Luvene
Keep it simple without too many crappy indicators!
  • #317
  • Edited 9:05pm Sep 14, 2013 5:45am | Edited 9:05pm
Quoting luvene
{quote} Hi 1Greyfox / Mike and others. Sorry, I don't get it, maybe because English is not my mother language. As I looked to the image of the settings of the signal I noticed that alertsOn is false But how do you get a signal when you do so? OK, I understand it works and that's the main thing. However, it would be great when you get only a message or signal when there is a fresh/new signal. As it is now every time when 3 MACD's matches with the same color you get a signal/message over and over again. I hope I've made my point. Maybe this...
Good morning luvene.

The reason I changed the alertsOn to false is because I only look at the charts once every 4 hours and it is easy enough to visually see if there is a color change or not.

I read the posts at the link you provided and I got the impression that all that dealt with was changing the display to your local time instead of the broker server time. Even if that option was available, unless your broker chose to use NY session close for the daily candle(which affects mostly the 4 hour time frame) your charts would still look the same as they do now. If the time difference is bothering you that much you might be able to make a chart of some sort listing the time on MT4 and then next to it put your local time. This way when you look at the MT4 chart you then glance at your time sheet to what time it would have been.

I am sorry I can't offer any more thoughts on this topic to help you.

Thank you garfiield75 for your patience with this 'time' topic in order to help a fellow user, but now I think it is heading way off topic and we need to get back to what this thread is about.

1greyfox
  • #318
  • Sep 15, 2013 3:19am Sep 15, 2013 3:19am
Quoting luvene
Hi, Does anybody know MT4 Broker who are using the same time server as I have? I live in Holland, my time is UK Time + 1. Thanks! Luvene
Hi Luvene , I do have the same situation with times on my broker IC markets, Don't know if this might help ,but I just trade what I see on the charts. ive, downloaded FXDD demo so I can see exact same as other guys but it doesn't differ that much.
If you need to know exact time of candle closing times, you can download an indicator which will show you exact time to close of current candle to the second ,on your charts, there are quite a few just choose one you like . You most likely know all this already , if not, hope this helps,
Regards Orid
  • #319
  • Sep 15, 2013 4:31am Sep 15, 2013 4:31am
Quoting orid
{quote} Hi Luvene , I do have the same situation with times on my broker IC markets, Don't know if this might help ,but I just trade what I see on the charts. ive, downloaded FXDD demo so I can see exact same as other guys but it doesn't differ that much. If you need to know exact time of candle closing times, you can download an indicator which will show you exact time to close of current candle to the second ,on your charts, there are quite a few just choose one you like . You most likely know all this already , if not, hope this helps, Regards...
Hi Orid and others,

I have decided to go on with MT4 and with the Broker I have now, unless server time is -2 in relation to mine. The only thing I want to know now is following : when we are in a trade, and I will follow the rules exactly, than we have to move the stop-loss manually to our entry-point when we reached 50% of our possible Target/Profit. But, this means I have to watch the trade permanently and I will do this only once in every 4 hours. Maybe there is a script in MT4, or something else, the possibility of a so called adjustable order like most trading platforms have. When we reached a certain level the order changes in any kind of order you want. Example : we go long at EUR/USD on 1.3300 and our Profit is 1.3350. Then it would be great if the level of 1.3325 is reached the order will change our initial STP 1.3250 to 1.3300. Is this possible in MT4? Adjustables are great, of course you can change your order also to a Trail when a certain level is reached.

Cheers!
Luvene
Keep it simple without too many crappy indicators!
  • #320
  • Sep 15, 2013 5:32pm Sep 15, 2013 5:32pm
Hi Luvene,

Here are some links to videos on setting up alerts in MT4.

Inserted Video

Inserted Video

Inserted Video


Some of your question related to MT4 usage and functionality can be found quite easily by using google.
Trading is SIMPLE not EASY.
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