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Multi time frame Simple MACD system

  • #381
  • Sep 19, 2013 2:44am Sep 19, 2013 2:44am
Quoting orid
{quote} Closed @ + 72 PIPS going out , see you later, Garfield did you get your TP on this? Orid

Just closed CADJPY hitting TP on 4 hours
Active trades
EURJPY - Long - 4 hours - Stop at BE.
GBPJPY - Long - Daily - Stop at BE
USDCAD - Short - Daily - Just Triggerd
Trading is SIMPLE not EASY.
  • #382
  • Edited 10:41am Sep 19, 2013 6:34am | Edited 10:41am
Quoting garfield75
{quote} Just closed CADJPY hitting TP on 4 hours Active trades EURJPY - Long - 4 hours - Stop at BE. GBPJPY - Long - Daily - Stop at BE USDCAD - Short - Daily - Just Triggerd
My trades today.

1 x daily gb/jpy +72 pips
1 x H4 e/j + 48
1 x H1 a /j +33
1 x H1 e/a -30
still in H4 Au /nz +12 at mo Edit closed (chickened out) @ + 27 // grand total = +150 ( lot of chart time too much for normal trading but good test)
must be beginners luck ?
Last charts ill post for now don't want Garfield to kick me off. One is the e/a loss
Attached Image (click to enlarge)
Click to Enlarge Name: 30 pip loss.png Size: 178 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 214 KB

regards Orid
  • #383
  • Edited 9:43am Sep 19, 2013 6:50am | Edited 9:43am
Hi Garfield.
how long do you leave a trade on? say on the 4 hr chart do you leave till it hits stop or tp or treat every trade as you see it. I missed one today through trigger happiness.
regards Orid
Ive sent you a PM
  • #384
  • Sep 19, 2013 12:37pm Sep 19, 2013 12:37pm
Quoting garfield75
{quote} Hey Orid, How did you go with your trades on GBPCAD and GBPUSD ? My Daily GBPCAD trade is at BE, NZDUSD trade hit target. Have pending short on EURGBP and long GBPJPY on daily chart. Due to right ranging market, i didn't take any 4 hours chart trade yesterday..
how do you identify ranging market ?

also you can use trailing stop for doing break even :just put trailing stop by value =tp/2 and when you wake up remove the trailing stop manually if activated
  • #385
  • Edited Sep 20, 2013 1:57pm Sep 19, 2013 2:24pm | Edited Sep 20, 2013 1:57pm
Quoting garfield75
{quote} Mindset is the biggest differentiator between winners and losers in the game of trading. I have the same issue as you with timing, since I live in Sydney. Since my system is based on multi timeframe and trend, most of the time news will move the market in the direction of the trend, worst case there is always stoploss to get you out of the trade without blowing your account. When a trade is triggered/active, I go to my MT4 platform on my VPS and put an alert on price at 50%. So when the price is at 50% it will trigger a notification, which...
hi
You can use an EA to put yours trades at breakeven...
Not the ones that i had posted... Sorry
  • #386
  • Sep 19, 2013 6:29pm Sep 19, 2013 6:29pm
Quoting orid
Hi Garfield. how long do you leave a trade on? say on the 4 hr chart do you leave till it hits stop or tp or treat every trade as you see it. I missed one today through trigger happiness. regards Orid Ive sent you a PM

I leave trades on till SL/TP is hit.
Trading is SIMPLE not EASY.
  • #387
  • Sep 19, 2013 6:32pm Sep 19, 2013 6:32pm
Quoting furt
{quote} hi You can use an EA to put yours trades at breakeven, this one is the simpliest: {file} this has multiple functions: {file} {image} there are a lot of EAs tha can do that, you can sleep... Good system by the way I´m testing it.
thanks furt for sharing these Trade management EA's.
Trading is SIMPLE not EASY.
  • #388
  • Sep 19, 2013 7:06pm Sep 19, 2013 7:06pm
Quoting furt
{quote} hi You can use an EA to put yours trades at breakeven, this one is the simpliest: {file} this has multiple functions: {file} {image} there are a lot of EAs tha can do that, you can sleep... Good system by the way I´m testing it.
Thank you Furt will take a look see.
Orid
  • #389
  • Sep 19, 2013 7:24pm Sep 19, 2013 7:24pm
The 1 hour multiMACD template seems to be off from the attached chart on the 1 hour.

The second MACD indicator according to the chart is 48/104/36.

The template is 48/312/36

Which is right?
  • #390
  • Sep 19, 2013 11:10pm Sep 19, 2013 11:10pm
Hi all nice 4 hr trade for freaky Friday
Just moved to BE
Orid
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 142 KB
  • #391
  • Sep 19, 2013 11:37pm Sep 19, 2013 11:37pm
Quoting soltanhadi
{quote} how do you identify ranging market ? also you can use trailing stop for doing break even :just put trailing stop by value =tp/2 and when you wake up remove the trailing stop manually if activated
how do you identify ranging market ?
  • #392
  • Sep 20, 2013 1:31am Sep 20, 2013 1:31am
Quoting garfield75
{quote} thanks furt for sharing these Trade management EA's.
Hey garfield, will you post the EA today?

Thanks in advance
  • #393
  • Sep 20, 2013 2:16am Sep 20, 2013 2:16am
Hi garfield, im a new to fx,im interested in yr trading system.wanted to try out but couldn't manage to get it into my terminal.can u help?
  • #394
  • Sep 20, 2013 3:27am Sep 20, 2013 3:27am
interesting thread>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
  • #395
  • Sep 20, 2013 3:49am Sep 20, 2013 3:49am
Quoting orid
Hi all nice 4 hr trade for freaky Friday Just moved to BE Orid{image}

hit tp + 39 id like to post some losers BUT!!! Not really ( im sure they will happen )
  • #396
  • Sep 20, 2013 4:57am Sep 20, 2013 4:57am
Quoting orid
{quote} hit tp + 39 id like to post some losers BUT!!! Not really ( im sure they will happen )
nice work!!! Losers will come, but it's lot easier to deal with when you start with sting of winners !!!
Trading is SIMPLE not EASY.
  • #397
  • Sep 20, 2013 5:03am Sep 20, 2013 5:03am
Quoting lucariga
{quote} Hey garfield, will you post the EA today? Thanks in advance
will post it this weekend!!!
Trading is SIMPLE not EASY.
  • #398
  • Sep 20, 2013 5:04am Sep 20, 2013 5:04am
Quoting soltanhadi
{quote} how do you identify ranging market ?

looking at price action, macd & candle size...
Attached Image (click to enlarge)
Click to Enlarge Name: Ranging Market.JPG Size: 108 KB
Trading is SIMPLE not EASY.
  • #399
  • Sep 20, 2013 5:20am Sep 20, 2013 5:20am
Quoting garfield75
{quote} looking at price action, macd & candle size... {image}
I think we need to find a way to distil that into the EA. Here is a trade the EA took on GU. I think maybe a max candle size might help to stop reversals like this one. Maybe use and ATR/ADR ratio so changes per pair or we manually fix per pair from testing. I also was wondering your thoughts on the min candle size being the same for H1, H4 and Daily charts. Ive been running on all pairs on these 3 timeframes and i need to review the trades this weekend to see if i can find a pattern for winners and losers.

Overall the EA is up 5% since 18th, was up to 7% so maybe some H1 losers reduced profits. I was messing with the EA code whilst running so missed a few of the winners this week.

The EA will be released soon for demoing, for those who dont know how to use MT4 with EAs please start using google to find out how to stop the floods of questions.

Regards

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-20_111429.png Size: 21 KB
  • #400
  • Sep 20, 2013 6:30am Sep 20, 2013 6:30am
A small one on H1 taken long timt to get to = 16 pips still going
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 133 KB
, also on this pair on daily thts up to 26 pips
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