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Multi time frame Simple MACD system

  • #501
  • Sep 24, 2013 8:20pm Sep 24, 2013 8:20pm
Quoting orid
{quote} 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 {image}
I am assuimg thats becuase it's not able to switch between 4 and 5 digit broker automatically.

so if you want to set the value to 15 pips, then change it to 150
for 20 pips it should be 200.
basically multiply the pip with 10 and that is the value to be set in the EA.

Try that, it should work, if my assumption is correct.
Trading is SIMPLE not EASY.
  • #502
  • Sep 24, 2013 8:24pm Sep 24, 2013 8:24pm
Quoting garfield75
{quote} I am assuimg thats becuase it's not able to switch between 4 and 5 digit broker automatically. so if you want to set the value to 15 pips, then change it to 150 for 20 pips it should be 200. basically multiply the pip with 10 and that is the value to be set in the EA. Try that, it should work, if my assumption is correct.
Thanks you are a gentleman
  • #503
  • Sep 24, 2013 8:26pm Sep 24, 2013 8:26pm
Quoting orid
{quote} 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. {image}
I am based in Sydney!!!...
Someday, I might swing by your side of the woods and take you up on the offer of spare room !!!
Trading is SIMPLE not EASY.
  • #504
  • Sep 24, 2013 8:34pm Sep 24, 2013 8:34pm
Quoting garfield75
{quote} I am based in Sydney!!!... Someday, I might swing by your side of the woods and take you up on the offer of spare room !!!
your welcome , though at this rate I might be moving to the penthouse in perth lol
Is it ok to post that break even EA ? so others can try?
Regards Orid
  • #505
  • Sep 24, 2013 8:36pm Sep 24, 2013 8:36pm
Quoting orid
{quote} your welcome , though at this rate I might be moving to the penthouse in perth lol Is it ok to post that break even EA ? so others can try? Regards Orid
If it works and makes it easier to manage trade, please post it!!
Trading is SIMPLE not EASY.
  • #506
  • Sep 24, 2013 8:50pm Sep 24, 2013 8:50pm
I found this Im pretty sure its ok as ive been using it ,still trying to work it out, think im ok now with Garfields help
This is not the same one that was posted by mistake by furt which I believe was corrupt. but if not sure
Attached File(s)
File Type: mq4 Breakeven EA v1.mq4   2 KB | 490 downloads
please be carefull as im not very pc savy on checking these things
Attached File(s)
File Type: mq4 Breakeven EA v1.mq4   2 KB | 490 downloads
  • #507
  • Sep 24, 2013 9:23pm Sep 24, 2013 9:23pm
Million Thanks Garfield75 for sharing your trading system.. my first live trade AUD/NZD..
Attached Image (click to enlarge)
Click to Enlarge Name: audnzdh4.png Size: 44 KB
  • #508
  • Sep 24, 2013 9:49pm Sep 24, 2013 9:49pm
Quoting jeetvirk
Million Thanks Garfield75 for sharing your trading system.. my first live trade AUD/NZD.. {image}
nice work.. always good to start with a winner..

Make sure you got your position sizing calculation/trade size under control. That will make a lot of difference in the long run with live trades!!!
Trading is SIMPLE not EASY.
  • #509
  • Edited 10:17pm Sep 24, 2013 10:04pm | Edited 10:17pm
I know this is a what if ,but I have to tell it ,

two of the trades I posted yesterday NZ JPY NZ US I pulled out (manually)because of stalling they were two of my BE trades.

If you check they went to TP +50 and + 51 so there is a lot of weight in Garfield saying leave till TP or BE

So woulda coulda been + 206 yesterday
more important woulda coulda 6 win 2 BE no loss
1 hour is killing it at the mo
  • #510
  • Sep 24, 2013 11:58pm Sep 24, 2013 11:58pm
sell stop on nzd/usd on 1 hr chart, price is heading towards major daily support level .81580
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1.png Size: 104 KB
  • #511
  • Sep 25, 2013 1:25am Sep 25, 2013 1:25am
Quoting 1greyfox
{quote} 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...
100% agree. IMO the strenght of this system is the semplicity.... Let's keep it simple
  • #512
  • Sep 25, 2013 3:03am Sep 25, 2013 3:03am
CADJPY Stop moved to breakeven..

Time to freeroll...
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY.JPG Size: 191 KB
Trading is SIMPLE not EASY.
  • #513
  • Sep 25, 2013 3:23am Sep 25, 2013 3:23am
Quoting orid
I know this is a what if ,but I have to tell it , two of the trades I posted yesterday NZ JPY NZ US I pulled out (manually)because of stalling they were two of my BE trades. If you check they went to TP +50 and + 51 so there is a lot of weight in Garfield saying leave till TP or BE So woulda coulda been + 206 yesterday more important woulda coulda 6 win 2 BE no loss 1 hour is killing it at the mo
Pips in the account are the real pips. You learned for the next time...
Donīt think on maybes, follow your rules an look for a good risk/reward.
Good pips.
  • #514
  • Sep 25, 2013 4:27am Sep 25, 2013 4:27am
Quoting 1greyfox
{quote} 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...
I know what you mean about chart clutter, what i am trying to do is find filters for the EA that in manual trading dont apply as visually and "gut feel" stop bad trades.

If the pair has already covered its daily range its less likely (this is forex so who knows!) to move up above the range by much thus meaning a lower probability trade.

Orid is doing great on H1, the EA is using 1200EA currently but orid said he uses 200 but ignores it. I can add option to turn MA check on/off if it is required. But news and trades stalling stop trades, an EA doesn't know this so we need to think of suitable filters to mimic this. All im trying to do is stir up ideas really, though manual trading is looking good so far.

Attached is a script i've been using to enter the trades for the system, you enter "BUY or "SELL" and change other settings as required. It takes the previous candle high and low and sets the sl and tp accordingly. Should help with manual trading.

Regards

Mike
Attached File(s)
File Type: ex4 garfield75.ex4   10 KB | 450 downloads
  • #515
  • Sep 25, 2013 6:33am Sep 25, 2013 6:33am
Quoting magft
{quote} I know what you mean about chart clutter, what i am trying to do is find filters for the EA that in manual trading dont apply as visually and "gut feel" stop bad trades. If the pair has already covered its daily range its less likely (this is forex so who knows!) to move up above the range by much thus meaning a lower probability trade. Orid is doing great on H1, the EA is using 1200EA currently but orid said he uses 200 but ignores it. I can add option to turn MA check on/off if it is required. But news and trades stalling stop trades,...
Outstanding Mike, thankyou,
HeH you don't have a gizmo I can use to change colours on other folks charts they post? LOL !
Some of my trades today , some good trades went to BE , very hard . discipline. I know Garfield I didn't lose is main thing ,will pay in long run.
Attached Image (click to enlarge)
Click to Enlarge Name: au usd 25.png Size: 154 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eu usd 4hr 25.png Size: 156 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gb cad 4hr 25.png Size: 136 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbau 25.png Size: 147 KB
  • #516
  • Sep 25, 2013 6:55am Sep 25, 2013 6:55am
GBPUSD (H1)

Third retest of the resistance from 1.6060. I expect a breakout. Therefore long on GBPUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: g1.gif Size: 17 KB
  • #517
  • Sep 25, 2013 7:03am Sep 25, 2013 7:03am
beginner issues....
wrong macd values
correct chart attached
Attached Image (click to enlarge)
Click to Enlarge Name: g2.gif Size: 15 KB
  • #518
  • Sep 25, 2013 7:14am Sep 25, 2013 7:14am
Quoting jeetvirk
sell stop on nzd/usd on 1 hr chart, price is heading towards major daily support level .81580 {image}
Isn't it too dangerous placing a sell there? The tip of that Pin Bar from .8210 tells me price will react there as many buyers will jump in.
  • #519
  • Sep 25, 2013 7:21am Sep 25, 2013 7:21am
Trades today , better than I first thought.

H1 2 wins 3 BE no losses + 43 pip

H4 2 wins 1 BE (includes one win from last night) + 81 pip
Regards Orid
  • #520
  • Sep 25, 2013 7:29am Sep 25, 2013 7:29am
Based on orid success i have updated the EA to allow the MA check to be turned off for those wanted to test on H1 with no MA.

Everything else is the same, i think all bugs are ironed out but let me know if you see any spurious entries or BE now working etc.

Regards

Mike
Attached File(s)
File Type: ex4 MTF MACD Trader v1.ex4   20 KB | 536 downloads
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