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Multi time frame Simple MACD system

  • #401
  • Sep 20, 2013 9:47am Sep 20, 2013 9:47am
That trade i posted for GU H4 was invalid looking back at the picture in post#399.

But i was looking at ADR, see pic and indicator attached, and i reckon a good filter apart from a minimum candle size of 25pips would be if the candle size is greater than the ADR there is a good chance price will reverse so skip trade. I'm still looking at the charts and checking losers but maybe someone else could take a look as well. In the picture the wrong trade, due to a restart, the bar was 164pips and the ADR was 66pips so skip trade.

This system shows good potential.

Regards

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-20_154359.png Size: 8 KB
Attached File(s)
File Type: mq4 Average Day Range v1.0.mq4   4 KB | 477 downloads
  • #402
  • Sep 20, 2013 12:31pm Sep 20, 2013 12:31pm
Quoting orid
{quote} 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{image}{image} regards Orid

Hi orid.

Oh my!!! I leave for a few days to take care of other business and when I come back I see you are ripping the forex market to shreds with your wins!

CONGRATS my friend, you are doing fantastic even without the EA.

Have a great weekend everyone and I am looking forward to start trading again next week, I need some of those pips orid, so save me some.

1greyfox
  • #403
  • Sep 20, 2013 12:52pm Sep 20, 2013 12:52pm
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 Iīm testing it.
I loaded up your breakeven file and it appears that this was/is a cracked product. There was a log file created with the following message.

2;228;;;using of decompiled source code is prohibited

There are too many useful products created by folks who want to help everyone for free, and yet there are a few who must 'borrow' other peoples work without compensating them for it. What a shame.

What if the product you uploaded had a bug implanted in it that when someone who was unauthorized to use it developed computer problems? Would you be willing to be held liable for such things? I doubt it.

Maybe you knew about this, maybe you didn't, but I think it should be removed from your post or maybe garfield75 can get it removed if your post is older than 24 hours.

1greyfox
  • #404
  • Sep 20, 2013 1:53pm Sep 20, 2013 1:53pm
Quoting 1greyfox
{quote} I loaded up your breakeven file and it appears that this was/is a cracked product. There was a log file created with the following message. 2;228;;;using of decompiled source code is prohibited There are too many useful products created by folks who want to help everyone for free, and yet there are a few who must 'borrow' other peoples work without compensating them for it. What a shame. What if the product you uploaded had a bug implanted in it that when someone who was unauthorized to use it developed computer problems? Would you be willing...
upsss sorry... I didnīt know...
  • #405
  • Edited 2:14pm Sep 20, 2013 1:58pm | Edited 2:14pm
deleted, sorry again...

I donīt test it but i hope this one could be useful (and legal)

http://codebase.mql4.com/8964
  • #406
  • Sep 20, 2013 3:35pm Sep 20, 2013 3:35pm
Quoting furt
deleted, sorry again... I donīt test it but i hope this one could be useful (and legal) http://codebase.mql4.com/8964

Hi furt.

Thank you for removing the 'offending' EA, you could have left the the other Trade Manager EA(THV CaveManager) as it is freely available right here on ForexFactory.

I am re-posting it here with the pdf for those who wish to try it out.

Have a great weekend.

1greyfox
Attached File(s)
File Type: pdf THV CaveManager EA v1.3.pdf   45 KB | 1,852 downloads
File Type: ex4 THV4 CaveManager v1.3.ex4   34 KB | 478 downloads
  • #407
  • Edited 6:40pm Sep 20, 2013 5:44pm | Edited 6:40pm
Quoting magft
That trade i posted for GU H4 was invalid looking back at the picture in post#399. But i was looking at ADR, see pic and indicator attached, and i reckon a good filter apart from a minimum candle size of 25pips would be if the candle size is greater than the ADR there is a good chance price will reverse so skip trade. I'm still looking at the charts and checking losers but maybe someone else could take a look as well. In the picture the wrong trade, due to a restart, the bar was 164pips and the ADR was 66pips so skip trade. This system shows good...
Hi Mike.

If I understand you correctly, we should add the Average daily range indicator to our charts and just do a visual backtest to check for entries that may have been skipped because of the close of a candle being too large. The ATR(120) period indicator has no bearing on checking, is that correct? Other than setting it to a period of 1 and then opening the data window(Ctrl+D) and using crosshairs to determine when the three MACDS and or the MTF MACD Signal indicator present an entry and then get the measure of candle size compared to the ADR. If candle is smaller then the ADR trade is valid as long as the candle was larger than 25 pips.

I know some are asking why ATR of 1. When you place your mouse or crosshairs on a candle it will tell you the exact size of it in the data window, just look for the ATR(1) in data window, then compare it to the Average Daily Range to see which is bigger.

I'll do visual testing this weekend starting with January 1, 2013 on the following pairs on the 4 Hour chart:
AUD/USD
EUR/JPY
USD/JPY

I will keep track of how many trades we shouldn't have taken based on candle size being larger than the ADR.

I hope I got it right.

I am attaching a pic to show what I am trying to explain. Hope you understand it, better yet, I hope I understand it. I apologize for the size of the pic, I should have made it smaller, but too late now.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: adr test.gif Size: 87 KB
  • #408
  • Edited Sep 21, 2013 5:26am Sep 20, 2013 8:01pm | Edited Sep 21, 2013 5:26am
Hi garfield75, magft(Mike), and everyone.

Well, you can tell I don't have much of a social life, here I am on a Friday night doing backtesting instead of other things.

Here are the results of the testing I did based on my prior post as I thought I understood what was trying to be accomplished.

Of the 3 pairs I visually backtested looking for the ATR to be larger than the ADR, there were 23 candles generated on the 4 hour chart for the pairs since January 1, 2013

Either the next candle produced a no entry by the close of that candle, or if it did get an entry resulted in a BE or losing situation. Some trades would have been filtered out by the normal rules(price straddling ma, or too close to ma for trade entry, etc...). I don't recall seeing more than 1 maybe 2 trades becoming full 1:1 winners.

I am attaching a pic of the dates and times of what I saw on my charts. Others may get different results based on when their 4 hour candle closes compared to mine which is based on the NY close as the end of the current day and beginning of the new day.

Based on my visual test for these pairs I would have to say that adding the ATR/ADR filter would be a good thing.

1greyfox
Attached Image
  • #409
  • Sep 20, 2013 9:32pm Sep 20, 2013 9:32pm
Here is the EA. Demo only and use it on 4 hours chart, would not recommend to use it on any timeframe less than 4 hours.

SERIOUS WARNING
Most Forex traders lose all their money.
Using the robot posted here in trading Forex does not guarantee success.
Trading this robot could lead to serious financial loss.
Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
To trade this robot, you have to understand:
How to use EA's.

garfield75's strategy

Inputs
Lots = 0.01
RiskPercent=2 //overides Lots and is percentage of freemargin/balance to be used for SL i.e. max loss per trade 2%
MinCandleSize=25 //minimum candle size in pips
RR_1to=1 //Risk:Reward ratio so 1 means 1:1 TP=SL, 2 means 1:2 TP=2*SL
IsECN=true //If ECN broker enters trade then sets SL & TP
MagicNumber=0 //sets trades magicnumber
TradeComment="" //comment
MaxSlippagePips=5 //max pips allowed for slippage
RetryCount = 10 //Will make this number of attempts to get around the trade context busy error.
AutoParams=true //Sets the MACD Params below based on thread values
MACD1Param1=12
MACD1Param2=26
MACD1Param3=9
MACD2Param1=72
MACD2Param2=156
MACD2Param3=54
MACD3Param1=360
MACD3Param2=780
MACD3Param3=270
MAPeriod=1200 //MA period on current Tf
MAShift=0 //MA shift
MAMode=MODE_EMA //EMA
MAPrice=PRICE_TYPICAL //Typical Price (HLC)/3
BreakEven=true //Set to Breakeven
BEPercent=50 //% of TP to set BE
BreakEvenPipsi=0 //fixed value of BE pips
BreakEvenProfit=5 //amount of profit locked in pips
CloseAllTradesAtEquity=true //Close all trades on account once equity above % below
PercentEquityIncrease=7.0 //% to close all trades at
TradingDayStart=1 //Start of trading week 0=Sunday
TradingHourStart=8 //Start of trading week broker time 8=8am
TradingDayEnd=5 //End of trading week 5=Friday
TradingHourEnd=8 //End of trading week broker time
Trade24hrs=false //If true ignores set times
ShowAlerts=false //sends alerts if ture
PrintToJournal=true //send output to expert tab
Attached File(s)
File Type: ex4 MTF MACD Trader v1.ex4   19 KB | 1,407 downloads
Trading is SIMPLE not EASY.
  • #410
  • Sep 20, 2013 9:39pm Sep 20, 2013 9:39pm
Quoting 1greyfox
Hi garfield75, magft(Mike), and everyone. Well, you can tell I don't have much of a social life, here I am on a Friday night doing backtesting instead of other things. Here are the results of the testing I did based on my prior post as I thought I understood what was trying to be accomplished. Of the 3 pairs I visually backtested looking for the ATR to be larger than the ADR, there were 23 candles generated on the 4 hour chart for the pairs since January 1, 2013 Either the next candle produced a no entry by the close of the next candle, or...
Thanks greyfox to do the back testing on Friday night, hope you at least had a glass of wine next to you to keep you company!!!.

Introduction of ATR/ADR is interesting, never looked at them before within this strategy, seems to improve the % return on equity based on your testing.

@Mike - possible for you to update alert indicator and EA with ATR/ADR ?

Cheers
Trading is SIMPLE not EASY.
  • #411
  • Sep 21, 2013 3:36am Sep 21, 2013 3:36am
Hi All,

I'm trying to understand if this system is profitable or not.

On top of this thread there is the overview of the trades that was made using the system, I presume. All the last trades seems to be profitable but the performance of the week, month and year are all negative indicating a loss of 106 pips! What does that mean?
  • #412
  • Edited 3:54am Sep 21, 2013 3:39am | Edited 3:54am
Quoting 1greyfox
{quote} Hi orid. Oh my!!! I leave for a few days to take care of other business and when I come back I see you are ripping the forex market to shreds with your wins! CONGRATS my friend, you are doing fantastic even without the EA. Have a great weekend everyone and I am looking forward to start trading again next week, I need some of those pips orid, so save me some. 1greyfox
Thankyou for the Grats Greyfox
im sure there are heaps of pips here for everyone. After me !
What you think of new colours Huh? must be pretty brightish and gory for most but good for me thx again
Thankyou for your backtest on the ADR
wish I could be more productive in this way. maybe in the future with experience.
One thing you have me worried about is that you apologise in post 407 for the size of the picture you posted , seems I need to apologise also for my picture sizes, obviously I should have checked how to reduce the sizes ,but I honestly didn't realize I was flouting the rules I will have to check how to reduce the size before posting again,
So my apologies everyone .
have a good day.
Orid
  • #413
  • Sep 21, 2013 3:49am Sep 21, 2013 3:49am
Quoting magft
That trade i posted for GU H4 was invalid looking back at the picture in post#399. But i was looking at ADR, see pic and indicator attached, and i reckon a good filter apart from a minimum candle size of 25pips would be if the candle size is greater than the ADR there is a good chance price will reverse so skip trade. I'm still looking at the charts and checking losers but maybe someone else could take a look as well. In the picture the wrong trade, due to a restart, the bar was 164pips and the ADR was 66pips so skip trade. This system shows good...
Hi, Mike , Garfield , Greyfox , just like to thank you for all the great work you are putting into this system, very much appreciated looking forward to learning from you guys and everyone else here ! all the best! (Now to check on how to post those pics tut tut tut)
regards Orid
  • #414
  • Sep 21, 2013 4:56am Sep 21, 2013 4:56am
Quoting apfrezza
Hi All, I'm trying to understand if this system is profitable or not. On top of this thread there is the overview of the trades that was made using the system, I presume. All the last trades seems to be profitable but the performance of the week, month and year are all negative indicating a loss of 106 pips! What does that mean?
Are you trying to judge this by just looking at the account which is 1 week old or have you gone through all the posts on this thread ??
Trading is SIMPLE not EASY.
  • #415
  • Sep 21, 2013 6:07am Sep 21, 2013 6:07am
Quoting orid
{quote} Thankyou for the Grats Greyfox im sure there are heaps of pips here for everyone. After me ! What you think of new colours Huh? must be pretty brightish and gory for most but good for me thx again Thankyou for your backtest on the ADR wish I could be more productive in this way. maybe in the future with experience. One thing you have me worried about is that you apologise in post 407 for the size of the picture you posted , seems I need to apologise also for my picture sizes, obviously I should have checked how to reduce the sizes ,but I...
Good morning orid.

When I post a pic of a trade chart, I don't adjust the size because I think it is better full size. When I took the pic of the full MT4 platform to include the data window, the pic is the actual size of the monitor display itself and I felt it might be oversized for some. If it was a normal trade chart I wouldn't change it, but since I was drawing lines and doing explanations on the chart itself, I felt it may be difficult for some to follow what I saying because they had to scroll the pic up and down or from side to side to see where the arrows pointed to. I am out of breath with that explanation, more coffee please!

I don't think you need to adjust your screenshot size because everyone has the option after the attachment is loaded up to click on it to have it fit their monitor size. You aren't flouting any rules for posting orid with the size of the pics you post.

If people take the time to read the thread from the beginning they will understand why you have your colors setup that way. After speaking with you and to make this thread easier for you is why I made changes to the colors I use on my charts along with making changes to the indicator itself to allow the different colors and widths of the histogram on the 3 MACD's which are used.

I have attached the modified indicator at the end of this post, I removed the hardcoding that prevented any color changes, also removed the restrictions on setting the width of the lines of the histogram. Also, you can change the color of the signal line and style of it, or set color to none to make the signal line not visible on the chart(which I don't recommend). I renamed it to 3colorMACD Modified.mq4 to avoid confusion with the previous version 3colorMACD BLUE.mq4 which had the colors hardcoded in it. Orid, you do not have to download this new named version as it is the same one I emailed you last week, just the name was changed to prevent confusion on the forum.

1greyfox
Attached File(s)
File Type: mq4 3colorMACD Modified.mq4   4 KB | 1,146 downloads
  • #416
  • Sep 21, 2013 6:14am Sep 21, 2013 6:14am
Quoting garfield75
{quote} Thanks greyfox to do the back testing on Friday night, hope you at least had a glass of wine next to you to keep you company!!!. Introduction of ATR/ADR is interesting, never looked at them before within this strategy, seems to improve the % return on equity based on your testing. @Mike - possible for you to update alert indicator and EA with ATR/ADR ? Cheers
Good morning garfield75.

I hope you are enjoying your weekend.

Hmmmm.... wine and backtesting, perfect together! I can only imagine the results after a bottle(I mean glass) of wine. I was sober and hopefully alert when I did the testing.

May have some today after I attend the funeral of a fellow firefighter(retired) in remembrance of him.

Take care everyone.

1greyfox
  • #417
  • Sep 21, 2013 6:47am Sep 21, 2013 6:47am
Quoting garfield75
{quote} Are you trying to judge this by just looking at the account which is 1 week old or have you gone through all the posts on this thread ??
Hi garfield75.

I think we both already know the answer to your question even before apfreeza replies.

1greyfox
  • #418
  • Sep 21, 2013 6:57am Sep 21, 2013 6:57am
Quoting 1greyfox
{quote} Good morning orid. When I post a pic of a trade chart, I don't adjust the size because I think it is better full size. When I took the pic of the full MT4 platform to include the data window, the pic is the actual size of the monitor display itself and I felt it might be oversized for some. If it was a normal trade chart I wouldn't change it, but since I was drawing lines and doing explanations on the chart itself, I felt it may be difficult for some to follow what I saying because they had to scroll the pic up and down or from side to side...
Thanks for clearing that up for me
  • #419
  • Sep 21, 2013 8:15am Sep 21, 2013 8:15am
I have been following this thread since its inception with interest, great to see how its developed and i'm looking forward to having a play with the EA.

Thanks to all who have contributed esp Mike, Garfield and Greyfox
  • #420
  • Sep 21, 2013 10:18am Sep 21, 2013 10:18am
Quoting garfield75
{quote} Are you trying to judge this by just looking at the account which is 1 week old or have you gone through all the posts on this thread ??
Hi Garfield,

please believe me I was absolutely not critic about the system. I was only trying to understand what was that statistic on top of the page.

If you say it is only a 1 week result, then I understand. I would like to try your system that it seems to me interesting. I have also an idea on how to improve it a little bit...

We could use the Fibonacci tool. I mean the idea is when there is a triggered candle we can use a Fibonacci between the high of that candle and the low. Then we could have the stop loss at 0% and 2 take profit: the first at 161,8 and the second at 261,8...

I hope I have been clear with my explanation.
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