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Multi time frame Simple MACD system

  • #481
  • Sep 24, 2013 7:12am Sep 24, 2013 7:12am
Quoting 1greyfox
{quote} 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 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 for anything to help you determine if you have a trade setup or not? I know that having that 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....
I will remove the 200 ma I haven't been using it for the system, just noting how many trades went bad trading against it, seems to make no diff , but then neither does anything else?
closed the one trade for 35 sure enough it rocketed almost immediately to tp at 56 .

thems the breaks
  • #482
  • Sep 24, 2013 7:18am Sep 24, 2013 7:18am
Quoting orid
{quote} I will remove the 200 ma I haven't been using it for the system, just noting how many trades went bad trading against it, seems to make no diff , but then neither does anything else? closed the one trade for 35 sure enough it rocketed almost immediately to tp at 56 . thems the breaks

Just follow the rules. once the trade stop is moved to breakeven, it's a risk free trade, outcome either way, to TP or BE is not going to have any negative impact to your account!!
Trading is SIMPLE not EASY.
  • #483
  • Sep 24, 2013 7:36am Sep 24, 2013 7:36am
Quoting garfield75
{quote} Just follow the rules. once the trade stop is moved to breakeven, it's a risk free trade, outcome either way, to TP or BE is not going to have any negative impact to your account!!
Ok Garfield , thankyou I will do that from now,

" but its so hard seeing those pips handed back "!

slap slap stop that Orid be strong you pillock
I will.
I will.
Orid
  • #484
  • Sep 24, 2013 9:13am Sep 24, 2013 9:13am
thought this was a loss but turned and looking good after 6 hrs.
Attached Image (click to enlarge)
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  • #485
  • Edited 6:26pm Sep 24, 2013 9:49am | Edited 6:26pm
trades today ,
1 hour // 8 trades 4 win 4 BE no losses!!
+ 106 PIP
G nite all
Orid
  • #486
  • Sep 24, 2013 10:07am Sep 24, 2013 10:07am
Quoting orid
trades today , 1 hour // 8 trades 4 win 4 BE + 106 PIP G nite all Orid

Hi orid

Once again, CONGRATS, you are doing awesome my friend.

1greyfox
  • #487
  • Sep 24, 2013 12:10pm Sep 24, 2013 12:10pm
thanks for posting the EA magft

have loaded it on h4 20 pairs. will report back with results.

i noticed on the bottom of the on screen display that the EA is demo only and will expire at the end of october. can i ask is there any plans to remove the demo limitation, e.g. if testing goes well? or is it that there are plans for a commercial version?

cheers, blam

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}
  • #488
  • Sep 24, 2013 12:43pm Sep 24, 2013 12:43pm
Quoting blamshakk
thanks for posting the EA magft have loaded it on h4 20 pairs. will report back with results. i noticed on the bottom of the on screen display that the EA is demo only and will expire at the end of october. can i ask is there any plans to remove the demo limitation, e.g. if testing goes well? or is it that there are plans for a commercial version? cheers, blam {quote}
A full version will be released once we are happy it works correctly, the limitation is more to make sure people dont lose money trading it live before we have ironed out all the bugs. It doesn't matter how many disclaimers you write people still ignore them so this just makes sure.

Regards

Mike
  • #489
  • Sep 24, 2013 12:46pm Sep 24, 2013 12:46pm
thanks for the explanation mike

the original system is a good one, so looking forward to getting some trades with this EA this week. will report back after testing, have ADR = true on my demo


blam


Quoting magft
{quote} A full version will be released once we are happy it works correctly, the limitation is more to make sure people dont lose money trading it live before we have ironed out all the bugs. It doesn't matter how many disclaimers you write people still ignore them so this just makes sure. Regards Mike
  • #490
  • Sep 24, 2013 12:49pm Sep 24, 2013 12:49pm
Ok, i've been playing around with code and added the daily range to the indicator. So now if you check the data window it shows CandleSize, ADR, RoomUp, RoomDown, Trade and No Trade. Also if the blue bar is only half it means the CandleSize is greater then either RoomUp or RoomDn.

I then decided it would make more sense to visually see the room up/down so i wrote ADR Range indicator.

Have a play visually and see if you can spot anything useful.

Regards

Mike
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-24_184917.png Size: 21 KB
Attached File(s)
File Type: ex4 ADR Range.ex4   5 KB | 375 downloads
File Type: ex4 CheckADR.ex4   7 KB | 351 downloads
  • #491
  • Sep 24, 2013 4:17pm Sep 24, 2013 4:17pm
Quoting magft
Ok, i've been playing around with code and added the daily range to the indicator. So now if you check the data window it shows CandleSize, ADR, RoomUp, RoomDown, Trade and No Trade. Also if the blue bar is only half it means the CandleSize is greater then either RoomUp or RoomDn. I then decided it would make more sense to visually see the room up/down so i wrote ADR Range indicator. Have a play visually and see if you can spot anything useful. Regards Mike {file} {file} {image}
Hi Mike.

I'm not sure if I can wrap my head around this as I am seeing too much information on the chart. I get the idea of where you are headed, but I am wondering if the extra lines and indicator might start complicating things a little too much.

We might be adding too many things and this may cause confusion as to take a trade or not.

I made an adjustment to the Average Daily Range indicator to allow it not to show color if you choose, this will hide the line but make the information still available in the data window. It is attached below. I am also including a pic of how my chart looks with both the ADR and ATR. By putting the mouse over any candle it is easy to look at the data window and get the information needed.

In my old age, I like less on the chart, it is less strain on the brain and eyes.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-09-24_ADR ATR.gif Size: 62 KB
Attached File(s)
File Type: mq4 Average Day Range v1.0.mq4   4 KB | 376 downloads
  • #492
  • Sep 24, 2013 4:50pm Sep 24, 2013 4:50pm
Quoting orid
trades today , 1 hour // 8 trades 4 win 4 BE + 106 PIP G nite all Orid

u r on fire .

Thanks for helping to prove that, the system is easy to follow and profitable...
Trading is SIMPLE not EASY.
  • #493
  • Sep 24, 2013 4:56pm Sep 24, 2013 4:56pm
hey mike and garfield

not trying to jump in and make too many demands without contributing anything, just thought that given Orid's success trading this on the 1H timeframe, would it be possible to have an option in the EA to allow timeframe to be selectable? as a lot of us work full time and can no way trade 1H charts so would be handy for the EA to take those trades?

blam
  • #494
  • Sep 24, 2013 5:38pm Sep 24, 2013 5:38pm
Quoting blamshakk
hey mike and garfield not trying to jump in and make too many demands without contributing anything, just thought that given Orid's success trading this on the 1H timeframe, would it be possible to have an option in the EA to allow timeframe to be selectable? as a lot of us work full time and can no way trade 1H charts so would be handy for the EA to take those trades? blam

I think the EA works on 1 hour chart if you want to run it to see how it performace.
We are only testing it on 4 hours.
Trading is SIMPLE not EASY.
  • #495
  • Sep 24, 2013 5:38pm Sep 24, 2013 5:38pm
Got a pending short on CADJPY 4 hour chart
Trading is SIMPLE not EASY.
  • #496
  • Sep 24, 2013 5:53pm Sep 24, 2013 5:53pm
Quoting garfield75
{quote} u r on fire . Thanks for helping to prove that, the system is easy to follow and profitable...
Thanks are on you Garfield,
there where no 4 hr trades available for me yesterday , but at least so far your system is proving good on 1hour for those that have a few spare hours per day, as blamshakk said most people have to work ( im retired)

Yes very easy to trade ,Solid rules for entry, stop loss, BE , bit of common sense , ahem disipline

wow ive seen some threads here go for 50 posts or more on stop loss rules!!

Magic, what more could you ask for , best of luck you deserve it.

And thxs again to all that are striving to make the system even easier
Regards Orid
  • #497
  • Sep 24, 2013 6:00pm Sep 24, 2013 6:00pm
hey thats great news, i will load it on a 1 hr chrts demo now and report back performance later in the week

Quoting garfield75
{quote} I think the EA works on 1 hour chart if you want to run it to see how it performace. We are only testing it on 4 hours.
  • #498
  • Sep 24, 2013 6:15pm Sep 24, 2013 6:15pm
Quoting orid
{quote} Thanks are on you Garfield, there where no 4 hr trades available for me yesterday , but at least so far your system is proving good on 1hour for those that have a few spare hours per day, as blamshakk said most people have to work ( im retired) Yes very easy to trade ,Solid rules for entry, stop loss, BE , bit of common sense , ahem disipline wow ive seen some threads here go for 50 posts or more on stop loss rules!! Magic, what more could you ask for , best of luck you deserve it. And thxs again to all that are striving to make...
My mistake I had a pending order which triggered a 4hr last night , normally I close everything b4 bed , missed this one.
Looks good just put at BE
More jam than hartleys
Attached Image (click to enlarge)
Click to Enlarge Name: au nz h4 24.png Size: 166 KB
  • #499
  • Sep 24, 2013 8:10pm Sep 24, 2013 8:10pm
Quoting orid
{quote} My mistake I had a pending order which triggered a 4hr last night , normally I close everything b4 bed , missed this one. Looks good just put at BE More jam than hartleys{image}
hey Orid,

which part of Aus are u from ?

Cheers
Trading is SIMPLE not EASY.
  • #500
  • Sep 24, 2013 8:17pm Sep 24, 2013 8:17pm
Quoting garfield75
{quote} hey Orid, which part of Aus are u from ? Cheers
Albany wa ,
Would you know how to set this break even EA , when I set pip it goes straight to current price .
thanks in advance
We have a spare room if you are ever over this way.
Attached Image (click to enlarge)
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