Multi time frame Simple MACD system | Page 17 | 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

  • #321
  • Sep 15, 2013 5:36pm Sep 15, 2013 5:36pm
Nice gap this morning on USDCHF in the right direction.
Stop on USDCHF moved to breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.JPG Size: 94 KB
Trading is SIMPLE not EASY.
  • #322
  • Edited 11:56pm Sep 15, 2013 11:40pm | Edited 11:56pm
Luvene:

The Swiss Army EA will allow you to implement a breakeven stop when a certain number of pips have been achieved (parameter).

Heck, it even has a feature to figure in commissions so it's a true breakeven stop.

It does trailing stops also, though that's not part of this system, if I'm understanding it correctly. But you don't have to use that.

Google Swiss Army EA V1.51. That will save you from having to sit in front of the computer or deal with alerts.
  • #323
  • Edited 1:53am Sep 16, 2013 12:55am | Edited 1:53am
Thanks Garfield75 and tx_sandman for answering me. I will try to do so.

Unfortunately I noticed that the alert indicator which Mike made there are some errors in it. Sometimes I see two green and 1 red and I get a signal for up.....
Look at the graphic. I don't understand. On some Charts everything is alright but at this chart...... I checked everything several times.

Cheers,
Luvene
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_16092013_4H.png Size: 68 KB
Keep it simple without too many crappy indicators!
  • #324
  • Sep 16, 2013 3:20am Sep 16, 2013 3:20am
luvene

This is the problem with MT4, on different brokers you can get different results. The picture below is my EJ H4 chart and all the bars are correct. I have tested it on TradeFort as well and the bars match right. I agree the alerts are not always right which i am looking into. My indicator doesn't repaint the 3colormacd indicator does as the coder goes from newest bar back whereas i go form oldest bar to new. This might be the issue, not sure.

As an aside, this is why i didn't post the EA. The thread is getting filled with comments about tools for the system rather than the system itself. This always happens, most of the time it is due to people not reading instructions or are too lazy to use google. Lets get back to posting charts of trades so we can all learn the system.

The EA still isn't trading exactly as garfield75 but we are working on resolving this. Once it is trading right we will post it so others can test across different brokers and try different settings. I've exposed all macd numbers and MA settings and also BE and minimum candle size so lots of combos to try for different pairs as I'm sure thee will be some tweaking to be done.

Regards

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-16_091103.png Size: 40 KB
  • #325
  • Sep 16, 2013 4:26am Sep 16, 2013 4:26am
Mike,

Thanks. You're right about that we should concentrate on the strategy itself but I don't like all the problems I have with MT4.....differences with timeservers and I was very happy in the first place with the MACD signal but unfortunately it doesn't work well.... No offense Mike, I appreciate your work!!! But when you have a lot of charts on your screen it is a must that you get an easy sound or another signal that you can open a trade. You must rely on this because when you have to look on all the charts it's a lot of work..... I hope I make myself clear.

Thanks,
Luvene
Keep it simple without too many crappy indicators!
  • #326
  • Sep 16, 2013 4:36am Sep 16, 2013 4:36am
Quoting magft
luvene This is the problem with MT4, on different brokers you can get different results. The picture below is my EJ H4 chart and all the bars are correct. I have tested it on TradeFort as well and the bars match right. I agree the alerts are not always right which i am looking into. My indicator doesn't repaint the 3colormacd indicator does as the coder goes from newest bar back whereas i go form oldest bar to new. This might be the issue, not sure. As an aside, this is why i didn't post the EA. The thread is getting filled with comments about tools...
Great stuff Mike, anyone else in this ?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 140 KB
  • #327
  • Sep 16, 2013 4:39am Sep 16, 2013 4:39am
Quoting luvene
Mike, Thanks. You're right about that we should concentrate on the strategy itself but I don't like all the problems I have with MT4.....differences with timeservers and I was very happy in the first place with the MACD signal but unfortunately it doesn't work well.... No offense Mike, I appreciate your work!!! But when you have a lot of charts on your screen it is a must that you get an easy sound or another signal that you can open a trade. You must rely on this because when you have to look on all the charts it's a lot of work..... I hope I make...
I do know what you mean and MT4 is crap really but it is the easiest way to trade for most retail traders. You stated earlier you are new to MT4, and that is why i wrote to he indicator to make life easier, i will look at the alert code again. As 1greyfox said its not too tricky to scan through the charts once every 4 hrs and check for a signal, the tricky bit is then entering the trades if more than one valid signal. This is where the EA will help as it calculates the stops and profit target and also monitors and moves to BE.

I need to free up some demo space and set the EA running but H4 EJ should be in a short and the moment, like orid has just posted.

Hope this helps

Mike
  • #328
  • Sep 16, 2013 5:33am Sep 16, 2013 5:33am
Quoting orid
{quote} Great stuff Mike, anyone else in this ?{image}
Good morning orid.

Good luck with the trade.

I didn't get in on that one but I am in the USD/CHF daily from last week, set at BE+3
I am triggered into the GBP/CHF 4 Hour long, aiming for the 1:1 according to the rules.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-16_GBPCHF 4H.gif Size: 31 KB
  • #329
  • Sep 16, 2013 6:04am Sep 16, 2013 6:04am
Quoting 1greyfox
{quote} Good morning orid. Good luck with the trade. I didn't get in on that one but I am in the USD/CHF daily from last week, set at BE+3 I am triggered into the GBP/CHF 4 Hour long, aiming for the 1:1 according to the rules. 1greyfox {image}
Thanks Grey fox , hope its ok with Garfield to post H1 trades , this looks like a winner , 3 wins out of four today on H1!!!!!
Regards Orid
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 132 KB
  • #330
  • Sep 16, 2013 6:08am Sep 16, 2013 6:08am
Quoting orid
{quote} Thanks Grey fox , hope its ok with Garfield to post H1 trades , this looks like a winner , 3 wins out of four today on H1!!!!! Regards Orid{image}

Nice work mate !!

Due to some social commitment, I missed all the trades this evening. There will be more tomorrow.
Trading is SIMPLE not EASY.
  • #331
  • Sep 16, 2013 6:14am Sep 16, 2013 6:14am
Quoting orid
{quote} Thanks Grey fox , hope its ok with Garfield to post H1 trades , this looks like a winner , 3 wins out of four today on H1!!!!! Regards Orid{image}
Congrats Orid.

That is great trading!

1greyfox

PS. Orid, I sent you a PM.
  • #332
  • Sep 16, 2013 10:26am Sep 16, 2013 10:26am
Hi Garfield75,

I get a signal. I place my order(s). But I don't get triggered because the price do not reach that level..... When must I cancel the order? How many Bars or is there another rule? Sorry if you told something about it before.

Thanks,
Luvene
Keep it simple without too many crappy indicators!
  • #333
  • Edited Sep 17, 2013 6:25am Sep 16, 2013 10:46am | Edited Sep 17, 2013 6:25am
Quoting luvene
Hi Garfield75, I get a signal. I place my order(s). But I don't get triggered because the price do not reach that level..... When must I cancel the order? How many Bars or is there another rule? Sorry if you told something about it before. Thanks, Luvene
Hi luvene.

Hope you had a good weekend.

As I understand garfield75's rule on this is, if the trade doesn't get triggered *'during' the candle after the signal candle, the order gets closed.
1greyfox

*The word 'during' has replaced the original word 'within' to add clarity.
  • #334
  • Sep 16, 2013 10:55am Sep 16, 2013 10:55am
Quoting 1greyfox
{quote} Hi luvene. Hope you had a good weekend. As I understand garfield75's rule on this is, if the trade doesn't get triggered within the candle after the signal candle, the order gets closed. 1greyfox
Thanks my friend I go on with this strategy but first I have to understand everything. The problems with MT4 will not help unfortunately.... I need MT4 for the signals but that's all. I place my orders on another Trading Platform and directly I put a horizontal Line on 50% of the Target and I watch every four hour. I removed the MACD signal indicator, it confuses me more than it helped me with the signals.....

Sorry Mike.... Maybe if you can make the indicator for generating only for a fresh/new signal that would be great.
Keep it simple without too many crappy indicators!
  • #335
  • Sep 16, 2013 12:04pm Sep 16, 2013 12:04pm
When you place the new pending order, you can right click on it to modify it & place an expiration time for the start of the new bar. Then, if it doesn't execute it will cancel as it should. Pendings are only good for the following bar.
  • #336
  • Sep 16, 2013 12:28pm Sep 16, 2013 12:28pm
Quoting orid
{quote} Thanks Grey fox , hope its ok with Garfield to post H1 trades , this looks like a winner , 3 wins out of four today on H1!!!!! Regards Orid{image}
well this ended going backward so I chickened out at +12 pips
total 4 x 1hr trades + 36 pips
one 4 hr trade on e/j loss - 37 pips
regards Orid
  • #337
  • Sep 16, 2013 1:04pm Sep 16, 2013 1:04pm
I take advantage of the MACD's different ways to position divergence as well, so for me personally I want to have many 3 MACD's around the chart.
  • #338
  • Sep 16, 2013 10:23pm Sep 16, 2013 10:23pm
Quoting 1greyfox
{quote} Hi luvene. Hope you had a good weekend. As I understand garfield75's rule on this is, if the trade doesn't get triggered within the candle after the signal candle, the order gets closed. 1greyfox

hi 1greyfox
i think what you said is not true
if you see this post :
http://www.forexfactory.com/showthre...30#post6919830
garfield75 gets a sell signal while next candle doesnt break the low of signal candle and that sell position goes to tp
so i think its better to check the past for that
  • #339
  • Sep 17, 2013 12:39am Sep 17, 2013 12:39am
Quoting soltanhadi
{quote} hi 1greyfox i think what you said is not true if you see this post : http://www.forexfactory.com/showthre...30#post6919830 garfield75 gets a sell signal while next candle doesnt break the low of signal candle and that sell position goes to tp so i think its better to check the past for that
hi soltonhadi,
That trade of Garfield was triggered on next candle after signal ,greyfox is saying if the trade had not triggered by the end of the candle, the order would have been closed.
Regards orid
  • #340
  • Sep 17, 2013 5:33am Sep 17, 2013 5:33am
On my 4H charts there is coming a possible entry at 14.00 PM my time. UK+1 time.

-EUR/USD LONG
-AUD/USD LONG
-USD/CHF SHORT

And Maybe GBP/CHF SHORT. Depends on the Slowest MACD, yet it is still green but maybe at 14.00 it will be red also.

Cheers,
Luvene
Keep it simple without too many crappy indicators!
2 traders viewing now