Multi time frame Simple MACD system

Quoting 1greyfox

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{quote} Hello apfrezza. You obviously haven't read the thread, because if you did you would know exactly what the backtesting was checking for. PLEASE read and understand the thread and test it before you offer suggestions on improving it, or making a conclusion about this method not being profitable. In your own words, you clearly stated that 'YOU HAVEN"T TRIED IT YET....' . So, instead of voicing erroneous opinions based on a fantasy created in your mind, try actually trading this method and learn it and make a conclusion as to whether this method...

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It computes yesterday's range (range= high - low), the previous 5, 10 and 20 days ranges. And it calculates the "Average Day Range" of these four ranges (yesterday's+ Prev 5 Day Range + Prev 10 Day Range + Prev 20 Day Range)/4.
So, if yesterday's Day Range was 80, the Previous 5 Day Range was 110, the Previous 10 Day Range was 90 and the Previous 20 Day Range was 120, then the Average Day Range would be 100.
ADR is therefore a kind of weighted Day Range.

Quoting Syracuse

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Could someone please change the EA so that it has the settings for the daily charts.

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Quoting 1greyfox

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{quote} Hi garfield75 No problem, I did the EUR/JPY in the first results post, but I'll redo it with the 'outcome of setup' added in. Yes, I am using the testing method described by Mike, so if the ATR candle is larger than the Average Daily Range I then measure to see if the trade would have worked or not. I should have it completed and posted before Sunday night market open. Sunday night came early, it is still Saturday but I completed the testing on the 4 pairs your requested. 24 Total Setups 2 - Straddles of the Daily ma location(1200ema on...

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Quoting apfrezza

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{quote} Hi 1greyfox, I'm really sorry if it seemed I was criticising this strategy. However I only asked a question: is the original system (4 hrs tf) profitable or not??? it seemed you are trying to modify the original system with daily timeframe but in this case it is evident that there is no profit because macds are too slow and when all 3 are lined up the trend goes to an end!!!

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Quoting garfield75

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{quote} Thanks greyfox for back testing these pairs. couple of question 1) Which broker did you use to test ? 2) Did the timeframe include upto 20th Sept 2013 ? Cheers Garfield

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Quoting magft

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Here is the EA updated to check if the candle size is greater than the ADR skip the trade. You can turn the filter on/off using UseADR=true/false. The ADR is based on the following calculation taken from the indicator code: {quote} I'll update the indicator soon to help visually basktesting but the EA can be used visually. I have been running the EA on H1,H4 and D1 charts and its doing doing ok but still gives the profits back. I think if we can filter this down to improve winners and skip losers (any ideas?) we will have a good system. The message...

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Quoting 1greyfox

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{quote} Hi garfield75. It was my pleasure to help. Doing it actually helped me see visually all the setups that appeared since the beginning of the year. I think if more users did what I did they would have a better understanding of the method you presented to us. To answer your questions; I used FXDD for the visual backtesting on all pairs except the GBP/AUD and GBP/CAD, for these two pairs I used Alpari-US. Those two pairs were recently added to FXDD and didn't contain data from January 1, 2013 Yes, it did include the data through Friday NY close...

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Quoting 1greyfox

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{quote} Hi Mike. I like the idea of choosing whether to use the ADR to filter trades or not. Now everyone can decide for themselves which they like better. Are you using the 25 pip minimum size candle on all the time frames, or have you made the minimum smaller for the 1 hour chart for testing purposes? Thank you for explaining the decompiled code issue, I will be gentler in the future. Thanks for your work on this project, it is greatly appreciated. 1greyfox

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Quoting magft

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{quote} I like to add the option to turn on/off filters when testing as it gives more flexibility and code wise it is very simple to implement. I don't really have the time to test thoroughly so it is good that others can help do this, that is why i like to help out with the coding. I was going to ask the question what should the min candle size be for each timeframe, currently i have it set the same for all. Also the MA should be at 4800 not 1200 but i read somewhere is doesn't work correctly so i left it at 1200 in the AutoParams. For testing...

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Quoting garfield75

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there was a USDJPY setup on 4hr this morning, skipped it due to monday morning. 7 PM candle has confirmed a short trade on EURNZD...

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Quoting magft

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orid nice trades, what value for MA are you using? Here is an indicator that plots blue when the candle size is greater than the MinCandleSize(25pips) but less than the ADR and red if outside this range. Should help visualise when backtesting, if you look at the data window it gives the candle size and ADR as well for reference. Regards Mike {file}

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Quoting garfield75

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{quote} Cool, I can't comment on FXDD, I personally use Axitrader, IBFX and currently in demo with Alpari UK. Please take look at this chart which is with my Alpari account, where I have 2 GBPAUD trades executed, one to BE and one to profit, can you please both in Sept, but I can't see these trades in your list. {image}

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Quoting orid

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results today , No H4 trades{image} H1 eu/jpy BE GB/AU WIN GB /CAD WIN GB/US LOSS (Should have been BE missed moving stop tut) here is the loss

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