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Attachments: Simple MACD system based on 2 channels
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Simple MACD system based on 2 channels

  • #41
  • Jun 28, 2006 5:42am Jun 28, 2006 5:42am
Hi Investor Me,

I accidently deleted your last post. I could not see the correct button.

sorry,

Could you delete your chart and then resave it as a zip file and the upload that?
It is messing up the screen size. 600 x 600 is what FF allows.

Also, would you mind reposting your last post?

Thanks scott
  • #42
  • Jun 28, 2006 5:53am Jun 28, 2006 5:53am
Quoting smjones
Hi Investor Me,

I accidently deleted your last post. I could not see the correct button.

sorry,

Could you delete your chart and then resave it as a zip file and the upload that?
It is messing up the screen size. 600 x 600 is what FF allows.

Also, would you mind reposting your last post?

Thanks scott

No problem. I'll repost my last reply. But if you don't mind, I would rather change the size of the image to less than the allowed 600x600. Some members would like to see it directly rather than download, unzip, and open.

thanks
  • #43
  • Jun 28, 2006 5:56am Jun 28, 2006 5:56am
Quoting investor_me
No problem. I'll repost my last reply. But if you don't mind, I would rather change the size of the image to less than the allowed 600x600. Some members would like to see it directly rather than download, unzip, and open.

thanks
Yes of course, that will be fine... Scott
  • #44
  • Jun 28, 2006 6:00am Jun 28, 2006 6:00am
Quoting piccolo
my problem is the huge stop loss I wouldn't tolerate (psychologically) on a live account..
I'm glad to tell you that this will hopefully be eased by an ongoing project to integrate some money management schemes within the EA to reduce/increase lot size based on profitibility and loss. A friend is already working on that and hopefully we could post the new version with this feature.
  • #45
  • Jun 28, 2006 7:29am Jun 28, 2006 7:29am
oh, i think there was a misunderstanding, sorry for that! I know what a expert adviser is and what a indicator is, what i didnt know is that the attached file a ea was.
But once again my question about the macd:

"I dont know where to exit and when to enter:
Is it right, that i have to BUY, when the red vertically lines cross the yellow lines from below and when the red lines cross the yellow lines from above i have to sell?. The same at exit?
Below i posted a picture of my chart, just to give you an example."

http://img67.imageshack.us/img67/4327/chart3pd.th.gif

I think my problem is how to read the macd, because i learned that the macd has only two lines, which signal buy and sell (after the crosses), but in metatrader there is somehow only one line and all these vertically red lines (i also read the help, but didnt help me), so maybe you would be that nice and could explain it to me.
Best greets
mike
I'm getting there ... slowly
  • #46
  • Jun 28, 2006 7:59am Jun 28, 2006 7:59am
Quoting miketoll
oh, i think there was a misunderstanding, sorry for that! I know what a expert adviser is and what a indicator is, what i didnt know is that the attached file a ea was.
But once again my question about the macd:

"I dont know where to exit and when to enter:
Is it right, that i have to BUY, when the red vertically lines cross the yellow lines from below and when the red lines cross the yellow lines from above i have to sell?. The same at exit?
Below i posted a picture of my chart, just to give you an example."

http://img67.imageshack.us/img67/4327/chart3pd.th.gif

I think my problem is how to read the macd, because i learned that the macd has only two lines, which signal buy and sell (after the crosses), but in metatrader there is somehow only one line and all these vertically red lines (i also read the help, but didnt help me), so maybe you would be that nice and could explain it to me.
Best greets
mike
You've done well except that for the top MACD, you made the fast EMA 259 and the slow EMA 260. You should reverse them. There is also no need for the second MACD in v1.1. But for the sake of simplicity, it is good to have two MACD indicators.

When the top MACD value crosses zero, that's a buy/sell position. When the bottom MACD reaches a peak or a pit, that's a close order position.
  • #47
  • Jun 28, 2006 8:43am Jun 28, 2006 8:43am
I guess I'm just thick as a brick ....but this still does'nt make any sense to me....

crossing 0 ok i got that but what the heck is the peak or pit your talking about?
Same Whore .... Different Dress
  • #48
  • Jun 28, 2006 8:45am Jun 28, 2006 8:45am
Have the EA running OK but no trades have been triggered so far. Is this normal? Anyone else running the EA on the 5 minute chart without producing a trade?
  • #49
  • Jun 28, 2006 11:21am Jun 28, 2006 11:21am
Hi There,

First, I would like to know if these results with the EUR/USD you obtained in a Live account or in Paper Trading?

Second, how and where do I set up this strategy to do my own backtesting? Which broker do you use for that? Is by any chance InterbankFX?

Regards,

GothamPiP



Quoting investor_me
Hi again folks.

After working hard on the pivotmagic EA (which is getting popular every day), I found that simpler mechanisms are probably better for profit in the long run. I therefore developed an extremely extremely simple system based on 2 MACDs:

MACD1 is to identify the entry point: When the MACD moves from - to + do a buy and if it goes from + to - go do a sell. The fast and slow MAs are 1 point apart and should be quite high (250+)

MACD2 is to get the exit point: It's fast MA is always 100 but the slow one is the one used for MACD1. Once the value reaches the peak during the first cycle if it is a buy or a pit during the first cycle if it is a sell, then close the deal with profit. If the state is not profitable, just leave it.

In case MACD2 didn't produce profit, wait for a specific period (wait_time_b4_SL) and then exit with the least loss possible.

Check the code and you'll understand how this one works. The paramenters are good in default for EURUSD M5 charts. But you can always check other values, particularly MACD values.

Attached is also a test result for EURUSD during (4/7-6/26 2005). Really impressive!


Good testing for you all... and please update me with progress!

Attached is the source code. Please post comments/results when possible!

i_me
  • #50
  • Jun 28, 2006 2:07pm Jun 28, 2006 2:07pm
hmm is still dont know how to read the macd exactly, beacuse after your definition, it would mostly have resulted into a loss, here is an example, how i would read the macd now:
http://img440.imageshack.us/img440/2336/chart2xn.th.gif
Is buy and sell right?
If not, what is right?
Thanks in advance
mike
I'm getting there ... slowly
  • #51
  • Jun 28, 2006 5:52pm Jun 28, 2006 5:52pm
Quoting miketoll
hmm is still dont know how to read the macd exactly, beacuse after your definition, it would mostly have resulted into a loss, here is an example, how i would read the macd now:
http://img440.imageshack.us/img440/2336/chart2xn.th.gif
Is buy and sell right?
If not, what is right?
Thanks in advance
mike
The setting for this MACD, pair and timeframe makes it a loss. The buy point is right but the MACD values are not favorable. But the exit point is at the top of the hill (max point of that MACD segment and not the next intersection.
  • #52
  • Jun 28, 2006 5:53pm Jun 28, 2006 5:53pm
I think I resolved the issue that prevented simultaneous trades in different pairs.

Check this updated and corrected version (1.20)

It was such a silly mistake that I'm embarrassed to admit
Attached File(s)
File Type: mq4 simple-macd-EA_v1.2.mq4   9 KB | 1,952 downloads
  • #53
  • Jun 28, 2006 5:57pm Jun 28, 2006 5:57pm
I thought you only recommend the EA's use on the EURUSD 5 minute charts only? If not what other pairs do you suggest that we test it on? I assume that you would like us to test the EA on other pairs. After about 2 days, no trades have been triggered on the EURUSD using 5 minute chart.



Quoting investor_me
I think I resolved the issue that prevented simultaneous trades in different pairs.

Check this updated and corrected version (1.20)

It was such a silly mistake that I'm embarrassed to admit
  • #54
  • Jun 28, 2006 6:03pm Jun 28, 2006 6:03pm
Quoting Yardie
I thought you only recommend the EA's use on the EURUSD 5 minute charts only? If not what other pairs do you suggest that we test it on? I assume that you would like us to test the EA on other pairs. After about 2 days, no trades have been triggered on the EURUSD using 5 minute chart.
It is not restricted to any pair. Try it on all major ones. But the default values were for M5. Good luck testing
  • #55
  • Edited 8:33pm Jun 28, 2006 6:18pm | Edited 8:33pm
When I attempted to compile the EA, I get the following errors MACDSignal3 -5 -variable not defined.

I changed the following

old
double MACDSignal1,MACDSignal2;

New
double MACDSignal1,MACDSignal2,MACDSignal3,MACDSignal4,MACDSignal5;

and I was able to comple just fine.

--- There's no space in MACDSignal5; above, some sort of formatting issue
  • #56
  • Jun 28, 2006 7:18pm Jun 28, 2006 7:18pm
I'm curious as well. I'd like to plot this on a graph and look at it manually. What are the two MACD settings?



Quoting lonespruce
Just curious - the visuals that are posted here - obviously they do not appear when you attach the EA. My question is what MACD setting are you using to achieve that "look", because mine looks nothing like that.

Thanks,
lonespruce.
  • #57
  • Jun 29, 2006 2:48am Jun 29, 2006 2:48am
Quoting Purple
I put it on Eur/USD and turned the chart to one minute.

It sold one lot minutes before at 1.2585.
My this trade was closed auto on its own at 125.52 yesterday.

It just sold another lot at 125.48.
  • #58
  • Edited 4:06am Jun 29, 2006 3:49am | Edited 4:06am
Version 1.3 attached adds some dynamic adjustment to the traded lots in an attempt to reduce loss as much as possible.

Try it on USDCHF & EURUSD for the M5 timeframe.

Check it out. It's time to go for forward testing with this one I believe
Attached File(s)
File Type: mq4 simple-macd-EA_v1.3.mq4   10 KB | 3,047 downloads
  • #59
  • Jun 29, 2006 7:29am Jun 29, 2006 7:29am
NO trades triggered for me yet on the EURUSD 5 minute chart... Hmm. I will test out the new version on the EURUSD and USDCHF charts.



Quoting Purple
My this trade was closed auto on its own at 125.52 yesterday.

It just sold another lot at 125.48.
  • #60
  • Jun 29, 2006 10:53am Jun 29, 2006 10:53am
just to clear it, the macd value are the red vertically lines, eh?
Could you just post a little example (of the macd used in metatrader, beacause this is the only macd i dont understand), of a buying and a selling situation with explaining it a little bit. It just dont want to get into my head.
This would be really nice.
Thanks in advance.
mike
I'm getting there ... slowly
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