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Multi time frame Simple MACD system

  • #461
  • Edited 3:08pm Sep 23, 2013 11:16am | Edited 3:08pm
Quoting magft
{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...
Hi Mike.

If I recall correctly, garfield75 mentioned that he didn't bother adding the ema to any chart smaller than the 4 hour because MT4 can't compute the larger numbers needed to plot the daily ema on the smaller time frames.

Once again, thank you for all the work you are putting into the EA.

1greyfox
  • #462
  • Sep 23, 2013 11:30am Sep 23, 2013 11:30am
Hi All,
Read the whole thread last week and first off - I want to thank Garfield75 for posting his system.
I have done 7 trades and had 4 winners and 2 losers, so far.
really like the simplicity of the system. thanks to all for there time and effort on the EA.
I have a couple of questions?

I loaded the 4H template from page -1 and I noticed that on the 3rd MACD settings - they are different from the chart on page-1. For the 4H TF the 3rd MACD settings on the chart are- 360, 780, 270. but when loading the 4H template the settings for the 3rd MACD are- 360, 780, 486. which should I be using??

Allso noticed that the bar count for the MACDs is set to 3000 when loading the 4H template but Garfield quoted someone later in the thread that this setting is 1000. which is correct?

Just to ask when loading the 4H template the MA is 1200 is this correct?
thanks all for your time and I will be testing this and will give you my rezults thanks
Live today like theres no tomorrow-- Prioritize like you will die today
  • #463
  • Sep 23, 2013 11:37am Sep 23, 2013 11:37am
Quoting 1greyfox
{quote} Good morning orid. Once again, ,nice trading. Since you are becoming the master on the 1 hour chart, would you let us know if your decision to take these trades is because the setup signal candle is 25 pips or more in size? Have you taken any trades on the 1 hour where it was less than 25 pips? If so, what were your results? Thanks for posting your charts, nice to see those colors! 1greyfox
I think most of the !hour trades have been between 22 and 32 pips and a couple 17 -20

maybe I should keep a journal
What I will do is keep a copy of the live trades for 24 hours , so if anyone asks to see any of my trades I can post for any (welcome criticism)
Live trading by end of week hopefully.
glad you like the colours .

regards Orid

Ps sent a PM
  • #464
  • Sep 23, 2013 11:50am Sep 23, 2013 11:50am
Quoting 1greyfox
{quote} Good morning orid. Once again, ,nice trading. Since you are becoming the master on the 1 hour chart, would you let us know if your decision to take these trades is because the setup signal candle is 25 pips or more in size? Have you taken any trades on the 1 hour where it was less than 25 pips? If so, what were your results? Thanks for posting your charts, nice to see those colors! 1greyfox
Sorry greyfox the results , It is 1 hour is 11 wins 4loss but havn't kept strictly to the rules , pulled out some of those wins and losses ( because almost at
tp) and news coming up or bed time . l will try to keep a better record from now , and try to be disciplined at leaving the trades on .
off to bed now .
may your pips be many
Orid
  • #465
  • Sep 23, 2013 12:05pm Sep 23, 2013 12:05pm
where did the trades go? i can't see them any more.
please post them again, don't get discouraged for only a week's results, Thanks!
  • #466
  • Sep 23, 2013 12:12pm Sep 23, 2013 12:12pm
Quoting orid
{quote} Sorry greyfox the results , It is 1 hour is 11 wins 4loss but havn't kept strictly to the rules , pulled out some of those wins and losses ( because almost at tp) and news coming up or bed time . l will try to keep a better record from now , and try to be disciplined at leaving the trades on . off to bed now . may your pips be many Orid
Forgot to mention The 4 hour are good too 5 wins @ about +45 average 1 loss . daily 1 trade a win @ + 72
Now going to bed night all
Orid
  • #467
  • Sep 23, 2013 1:27pm Sep 23, 2013 1:27pm
Quoting iamsovereign
Hi All, Read the whole thread last week and first off - I want to thank Garfield75 for posting his system. I have done 7 trades and had 4 winners and 2 losers, so far. really like the simplicity of the system. thanks to all for there time and effort on the EA. I have a couple of questions? I loaded the 4H template from page -1 and I noticed that on the 3rd MACD settings - they are different from the chart on page-1. For the 4H TF the 3rd MACD settings on the chart are- 360, 780, 270. but when loading the 4H template the settings for the 3rd MACD...
Hello iamsovereign.

Congrats on the wins! Very nice way to start a new method.

The pic on the first page showing the MACD settings for several time frames are the correct settings for each of the MACD's. 270 is the correct number for the third setting on the third MACD on the 4 hour chart.

3000 or 1000 is up to you, that number is for how far back you want to see the MACD on the chart, you may want to set it to 1000 because it will use less computer resources when having lots of charts loaded up.

You are correct, 1200ema is the correct setting on the 4 hour chart.

It will be nice to see some of your trade charts and results posted.

I wish you continued success.

1greyfox
  • #468
  • Sep 23, 2013 1:38pm Sep 23, 2013 1:38pm
Quoting orid
{quote} I think most of the !hour trades have been between 22 and 32 pips and a couple 17 -20 maybe I should keep a journal What I will do is keep a copy of the live trades for 24 hours , so if anyone asks to see any of my trades I can post for any (welcome criticism) Live trading by end of week hopefully. glad you like the colours . regards Orid Ps sent a PM
Hi orid.

Thanks for the information about the candle size range. If you do decide to keep a journal for your 1 hour chart trades, would you include the size of the setup candle, and the outcome of the trade. You can be the guinea pig for what works on that time frame.

Congrats on making the decision to open a live account, I am sure you'll have the support of everyone here.

I'll check the PM and may reply to it by e-mail depending on what is in it.

Get some sleep, you earned it.

1greyfox
  • #469
  • Sep 23, 2013 2:12pm Sep 23, 2013 2:12pm
Quoting sailorvt
where did the trades go? i can't see them any more. please post them again, don't get discouraged for only a week's results, Thanks!
Hi sailorvt.

I think he took it down because the EA has been updated. My guess is he'll open a new account using the updated EA for us to follow the results with.

I could be wrong, and often am but that seems logical to me.

1greyfox
  • #470
  • Sep 24, 2013 2:55am Sep 24, 2013 2:55am
Quoting sailorvt
where did the trades go? i can't see them any more. please post them again, don't get discouraged for only a week's results, Thanks!
I have removed that account as we have changed the EA.

Once some trades are active, I will link back 2 accounts to the thread again to track the performance with and without ATR/ADR condition filter.
Trading is SIMPLE not EASY.
  • #471
  • Sep 24, 2013 4:19am Sep 24, 2013 4:19am
Slight mod to the CheckADR indicator, i noticed that it wasn't refreshing properly so changed some of the logic and now seems to update each bar correctly now.
Attached File(s)
File Type: ex4 CheckADR.ex4   6 KB | 320 downloads
  • #472
  • Sep 24, 2013 5:34am Sep 24, 2013 5:34am
I've been doing some more testing with the EA ans i noticed that it was misreading the indicators. I've been through the code and found a typo which has now been fixed, not sure how i missed it but i'm happy now it works as required (like the earlier version before the ADR addition).

Regards

Mike
Attached File(s)
File Type: ex4 MTF MACD Trader v1.ex4   18 KB | 402 downloads
  • #473
  • Sep 24, 2013 5:50am Sep 24, 2013 5:50am
Should the ADR calculation include the sunday candles on H4 and H1 charts?

I think the current calculation includes the sunday candles and this may skew the values slightly.

Let me know your thoughts.

Regards

Mike
  • #474
  • Sep 24, 2013 6:07am Sep 24, 2013 6:07am
HELP ive been hovering over three trades @ + 70 pips for 3 hours should I pull the pin?
  • #475
  • Sep 24, 2013 6:16am Sep 24, 2013 6:16am
Quoting magft
Should the ADR calculation include the sunday candles on H4 and H1 charts? I think the current calculation includes the sunday candles and this may skew the values slightly. Let me know your thoughts. Regards Mike
Good morning Mike.

FXDD uses the NY close as the end of day, they don't produce the small Sunday candles on the 4 hour chart that other brokers do because of the time they choose to end/start a new day. This is a topic I can't provide any help with, sorry.

1greyfox
  • #476
  • Sep 24, 2013 6:19am Sep 24, 2013 6:19am
Quoting orid
HELP ive been hovering over three trades @ + 70 pips for 3 hours should I pull the pin?

Good morning orid.

I think I'll let you trade my account.

To pull the pin or not pull the pin, that is the question? What are your rules for exiting a trade? Would you feel cheated if you closed them now and later see them reach the final target? Are you happy with a 70 pip gain? What is causing your 'fear' at this time? On those trades, do they look as though price has just stalled or are you seeing signs of price reversing?

Many questions and no answers.

1greyfox
  • #477
  • Sep 24, 2013 6:24am Sep 24, 2013 6:24am
Quoting magft
I've been doing some more testing with the EA ans i noticed that it was misreading the indicators. I've been through the code and found a typo which has now been fixed, not sure how i missed it but i'm happy now it works as required (like the earlier version before the ADR addition). Regards Mike {file}
Good morning Mike.

Thanks for the update as I loaded up the previous updated version on a few charts this morning and noticed problems with the EA. No sense posting those pics now since you caught the 'bug' that may have been causing the problems I noticed.

1greyfox
  • #478
  • Sep 24, 2013 6:30am Sep 24, 2013 6:30am
Quoting 1greyfox
{quote} Good morning orid. I think I'll let you trade my account. To pull the pin or not pull the pin, that is the question? What are your rules for exiting a trade? Would you feel cheated if you closed them now and later see them reach the final target? Are you happy with a 70 pip gain? What is causing your 'fear' at this time? On those trades, do they look as though price has just stalled or are you seeing signs of price reversing? Many questions and no answers. 1greyfox
stalled back to 30 pips Post charts shortly impressive I think .
  • #479
  • Sep 24, 2013 6:38am Sep 24, 2013 6:38am
Attached Image (click to enlarge)
Click to Enlarge Name: a j 1hr 34p 24 sep.png Size: 162 KB
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Click to Enlarge Name: a us 1hr 16pip 24 sep.png Size: 155 KB
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Click to Enlarge Name: gb jpy 56p 1 hr 24 sep.png Size: 162 KB
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Click to Enlarge Name: nz jpy 50p 1hr 24 sep.png Size: 160 KB
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Click to Enlarge Name: nz us 1 hr 51p 24.png Size: 157 KB
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syill in some of these let you know how it goes. If it was live I would have pulled ouy at 70 pips or even less plus already have two wins from this morning.
Now im getting a swollen head mama mia
  • #480
  • Edited 7:19am Sep 24, 2013 6:52am | Edited 7:19am
Quoting orid
{image}{image}{image}{image}{image}{image} syill in some of these let you know how it goes. If it was live I would have pulled ouy at 70 pips or even less plus already have two wins from this morning. Now im getting a swollen head mama mia
Hello orid.

If it was live you'd have closed them at 70+, may I suggest then you do that on demo also. I say this because we should strive to trade demo as close to a real account as possible.

I also see on your charts that you have the 200ema of the current time frame showing. Do you use this ma to help you determine if you have a trade setup or not? I know that having an ma on the smaller time frames isn't part of garfield75's rules so I am assuming(bad choice of words) that this is one of your modifications to the method.

If you use the 200ema to determine whether a trade is valid then use the same rule of not taking a trade if you can't get at least a 1:1 Risk/Reward when trading towards it. This could have kept you out of a couple of trades including the gbp/jpy which is currently in profit. So, nothing is perfect in trading.

1greyfox
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