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Multi time frame Simple MACD system

  • #581
  • Sep 30, 2013 10:39pm Sep 30, 2013 10:39pm
Quoting 1greyfox
{quote} Hello my friend. Nothing wrong with the way those trades ended. BE is better than a loss. +78 is great! When you move your stop to breakeven, do you set it to BE+0 or do you add something like BE+5, so it earns something? I am currently in that EUR/CAD myself. I see you already moved the stop up to BE, mine is still in its original place. It will be interesting to see how it plays out because of our different trade management styles. You are by the book and I....well, not so much. Congrats, keep it up. 1greyfox {image}
Hi Greyfox ,
actually , I t was Be + 15 ,didn't say because not the rules and my mate Garfield might shout at me LOL.

But seriously I moved to be + 15 because it had reached + 65 and I thought a 50 pip breather was plenty, and if it did come right back , well 15 pips !!is something

Well my funds of $100,000 dollars have been accepted so now it will take me a while to set everything up properly.

so I don't make any mistakes with LIVE TRADING . (may not take so many trades now till confidence boosts)
Regards Peter
  • #582
  • Edited Oct 1, 2013 1:50am Sep 30, 2013 10:41pm | Edited Oct 1, 2013 1:50am
Only Joking,
it's actually $1000 He He !!
Thought I was rich didn't ya?
  • #583
  • Oct 1, 2013 2:23am Oct 1, 2013 2:23am
Quoting orid
Only Joking, it's actually $1000 He He !! Thought I was rich didn't ya?
Welcome to live trading Orid,

I am also on 4 hour EURCAD long trade.

Had a nice setup on GBPAUD this morning for a long, whihc triggered and close in profit within 1 candle. I love these setups, no sweat trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD-1st-Oct-2013.JPG Size: 180 KB
Trading is SIMPLE not EASY.
  • #584
  • Oct 1, 2013 2:44am Oct 1, 2013 2:44am
Quoting garfield75
{quote} Welcome to live trading Orid, I am also on 4 hour EURCAD long trade. Had a nice setup on GBPAUD this morning for a long, whihc triggered and close in profit within 1 candle. I love these setups, no sweat trade. {image}
Hi Garfield,
nice trade, and love those chart colors ,things people do for me i'm truly thankful ,
no joke its almost impossible for me to read the green and red ones, I have to call my wife.

Just had my first live trade a winner + 18 pips (H1) 10 cents a pip my account has jumped from $1000 to $1001.56. heh its a start pips are the main thing for me at the mo.
One thing baffles me live account showing slightly different macd colors to the demo both same broker and same feed so they say.?
Regards Orid
  • #585
  • Oct 1, 2013 2:59am Oct 1, 2013 2:59am
To much news for me for couple hours .
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 216 KB
heres the one chart with differences?
  • #586
  • Oct 1, 2013 3:25am Oct 1, 2013 3:25am
Quoting orid
To much news for me for couple hours . {image} heres the one chart with differences?
There are always difference between demo and live, not sure why though!!.
Same EA ,with same broker on demo and live will have different results.
Trading is SIMPLE not EASY.
  • #587
  • Oct 1, 2013 3:39am Oct 1, 2013 3:39am
Quoting garfield75
{quote} There are always difference between demo and live, not sure why though!!. Same EA ,with same broker on demo and live will have different results.
Garfield ,a question please,
Do you still take trades on the signals when there is a lot of high news, coming up .
Regards Orid
  • #588
  • Oct 1, 2013 3:48am Oct 1, 2013 3:48am
Quoting orid
{quote} Garfield ,a question please, Do you still take trades on the signals when there is a lot of high news, coming up . Regards Orid
Yes, that's becuase I am trading 4 hours charts.
Trading is SIMPLE not EASY.
  • #589
  • Oct 1, 2013 4:56am Oct 1, 2013 4:56am
My second live trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 145 KB
  • #590
  • Oct 1, 2013 5:09am Oct 1, 2013 5:09am
Quoting orid
{quote} Hi Greyfox , actually , I t was Be + 15 ,didn't say because not the rules and my mate Garfield might shout at me LOL. But seriously I moved to be + 15 because it had reached + 65 and I thought a 50 pip breather was plenty, and if it did come right back , well 15 pips !!is something Well my funds of $100,000 dollars have been accepted so now it will take me a while to set everything up properly. so I don't make any mistakes with LIVE TRADING . (may not take so many trades now till confidence boosts) Regards Peter
Hi orid.

Congrats on getting the live account up and running. I know you'll be successful. Be patient and do what you are doing currently and all should be fine.

Hmmm.... $100,000 I am sure if you take it steady your real $1000 will become a $100,000 Then I'll be hitting you up for a loan.

I don't think Garfield will object to you going to a positive number when setting the BE. Afterall, profit is profit!

1greyfox
  • #591
  • Oct 1, 2013 5:14am Oct 1, 2013 5:14am
Quoting garfield75
{quote} Welcome to live trading Orid, I am also on 4 hour EURCAD long trade. Had a nice setup on GBPAUD this morning for a long, whihc triggered and close in profit within 1 candle. I love these setups, no sweat trade. {image}
Good morning Garfield.

Congrats on the winner.

With the way you and orid are making a killing on the 1:1 settings, I might have to rethink my trade management style for your method and still use my larger profit targets for my other trading method.

1greyfox
  • #592
  • Oct 1, 2013 5:18am Oct 1, 2013 5:18am
Quoting orid
{quote} Hi Garfield, nice trade, and love those chart colors ,things people do for me i'm truly thankful , no joke its almost impossible for me to read the green and red ones, I have to call my wife. Just had my first live trade a winner + 18 pips (H1) 10 cents a pip my account has jumped from $1000 to $1001.56. heh its a start pips are the main thing for me at the mo. One thing baffles me live account showing slightly different macd colors to the demo both same broker and same feed so they say.? Regards Orid

Hi orid.

WOO HOO! ! It's party time down under.

Congrats on breaking in the live account in the right direction.

1greyfox
  • #593
  • Oct 1, 2013 6:25am Oct 1, 2013 6:25am
Quoting 1greyfox
{quote} Hi orid. WOO HOO! ! It's party time down under. Congrats on breaking in the live account in the right direction. 1greyfox
Now Now Greyfox settle down ,
I can only loan you 30% of that $1.56
Thanks mate , how do you trade when there is news a coming, stay out ?
Regards Orid
  • #594
  • Oct 1, 2013 6:58am Oct 1, 2013 6:58am
Quoting orid
{quote} Now Now Greyfox settle down , I can only loan you 30% of that $1.56 Thanks mate , how do you trade when there is news a coming, stay out ? Regards Orid
I'll take 30% LOL!!!

If the news is high impact(red) I stay out because of the market makers manipulation during that time. I can't think of a better way for the 'bigboys' to earn millions(billions) off of retail traders than during news events.

Now that the U.S. government is shut down I would hesitate on taking any live trades. Also, since it is now a tentative NFP week adds more uncertainty so I won't be trading live for the rest of this week and probably the first 2 days of next week.

As you tell I am cautious, maybe too cautious, but in 5 years of trading I have never blown up an account(real or demo), so I doubt I will change that feature about me.

Each of us has to choose what feels right for them. I might suggest that if you want to trade the news time do it on demo until your are confident with the results before attempting it live.

1greyfox
  • #595
  • Oct 1, 2013 7:07am Oct 1, 2013 7:07am
Quoting 1greyfox
{quote} I'll take 30% LOL!!! If the news is high impact(red) I stay out because of the market makers manipulation during that time. I can't think of a better way for the 'bigboys' to earn millions(billions) off of retail traders than during news events. Now that the U.S. government is shut down I would hesitate on taking any live trades. Also, since it is now a tentative NFP week adds more uncertainty so I won't be trading live for the rest of this week and probably the first 2 days of next week. As you tell I am cautious, maybe too cautious, but...
Thanks for the reply

I do hate trading when news around , never know what is going to happen , mind you its like that anyway , you wanna cheque or cash?
Orid
  • #596
  • Edited 8:05am Oct 1, 2013 7:54am | Edited 8:05am
Quoting orid
My second live trade. {image}
Hi orid.

Forgive me for offering my analysis on your AUD/USD trade, especially since it differs from the garfield75 reasons for taking it. The chart and analysis is based on my own thoughts but may provide useful information to you for future trades when you see something similar.

On my chart that I posted the little red candle(current), just closed(9AM NY time) in real time and it looks like it came very close to your stop, I hope it didn't hit it and price moves back up now.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: audusd analysis.gif Size: 93 KB
  • #597
  • Oct 1, 2013 7:59am Oct 1, 2013 7:59am
Quoting orid
{quote} Thanks for the reply I do hate trading when news around , never know what is going to happen , mind you its like that anyway , you wanna cheque or cash? Orid

Your welcome my friend.

Since you hate it, you may want to develop a trading rule to not enter trades that are either directly associated to the news event or just not trade for a few hours before or after high impact news. Since you like the 1 hour charts, you may consider the same rule for medium impact news also.

1greyfox
  • #598
  • Oct 1, 2013 8:17am Oct 1, 2013 8:17am
Quoting 1greyfox
{quote} Your welcome my friend. Since you hate it, you may want to develop a trading rule to not enter trades that are either directly associated to the news event or just not trade for a few hours before or after high impact news. Since you like the 1 hour charts, you may consider the same rule for medium impact news also. 1greyfox
I have been doing just what you suggested , thanks ,

but itchy fingers tonight ,very bad I know , I bailed out of the au/ Us - 2 pip

in this one now , in trouble lol.
early days.
Orid
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 153 KB
  • #599
  • Oct 1, 2013 8:42am Oct 1, 2013 8:42am
Well my trades today + 18 and a - 56 my worst loss since on this system , still it happens.
Regards Orid
  • #600
  • Oct 1, 2013 8:50am Oct 1, 2013 8:50am
my first real test on eurusd
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd MTF.JPG Size: 104 KB
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