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Multi time frame Simple MACD system

  • #661
  • Oct 10, 2013 8:45am Oct 10, 2013 8:45am
my trades today disappointing .
1 hour 3 x loss - 66 pips
1 be + 5
Will get better.
confidence
Gnite all
Orid
  • #662
  • Oct 10, 2013 12:01pm Oct 10, 2013 12:01pm
Quoting orid
my trades today disappointing . 1 hour 3 x loss - 66 pips 1 be + 5 Will get better. confidence Gnite all Orid
Hi orid.

Seems to be a bad week for both of us. Oh well, it happens.

I won't be opening any trades because I doubt they would reach target before market close on Friday.

So, it appears to be an early start to the weekend and I hear the fish calling.

Enjoy the weekend.

1greyfox
  • #663
  • Oct 10, 2013 12:12pm Oct 10, 2013 12:12pm
Quoting ognen
Hmm... Losing stakes are usually not accepted as a trading experience that has to be taken into consideration. I must admit your(garfield75) trading has no good results at all. Like it or not, trading style must rely mostly on news processing, then apply tactics of trading by technicals. Sentiment cannot be recognized unless you allow a trend to be missed.

Hi ognen.

If you are referring to the trade explorer results, they are based on using an EA which is still being developed. The trades aren't based on human intervention(analysis). The EA gets a signal and sets the trade up and then we wait to see what happens next.

If you are referring to my results which uses different money(trade) management styles, oh well, sorry.

As to losing stakes not being accepted, I have NEVER found a method that doesn't produce losing trades, so losing stakes are part of the cost of doing business.

I don't understand your comment on sentiment, so I will not offer a reply because it would be based on what I think you are saying and not actually based on what you said.

1greyfox
  • #664
  • Oct 11, 2013 1:53am Oct 11, 2013 1:53am
Quoting ognen
Hmm... Losing stakes are usually not accepted as a trading experience that has to be taken into consideration. I must admit your(garfield75) trading has no good results at all. Like it or not, trading style must rely mostly on news processing, then apply tactics of trading by technicals. Sentiment cannot be recognized unless you allow a trend to be missed.
another one of those smart opinion !
Trading is SIMPLE not EASY.
  • #665
  • Oct 11, 2013 6:24am Oct 11, 2013 6:24am
I must say this live trading is a strange beast,
Ive lost almost 200 pips in two weeks .
go on the demo and made 30 pips in two hours/
  • #666
  • Oct 11, 2013 8:29am Oct 11, 2013 8:29am
Quoting orid
I must say this live trading is a strange beast, Ive lost almost 200 pips in two weeks . go on the demo and made 30 pips in two hours/
Good morning orid.

It sucks going through the initial trials from demo to real, I think the main difference is that the broker doesn't manipulate the demo price feed, but will manipulate the live feed if he can earn more profits by doing so.

Question(s):
On some of your losing trades, would they have been winners if you didn't move the stop to a BE+ position? My thoughts are as follows; since the entry to profit target might be smaller, maybe moving the stop to BE+ after price moves 50% to target is choking your trade. What would happen if you only moved your stop up 50% to the entry price when price moved 50% in your favor?

This should keep you busy over the weekend unless you are going fishing again. Remember the bait if you do go.

Enjoy the weekend everyone.

1greyfox
  • #667
  • Oct 11, 2013 9:38am Oct 11, 2013 9:38am
i would recommened global prime broker. just look up the reviews on forexpeacearmy. very good, honest ECN broker, absolutely no tricks, and the only retail forex broker that will produce receipts on request for every trade in terms of whick bank/liquidity provider filled the trade

Quoting orid
I must say this live trading is a strange beast, Ive lost almost 200 pips in two weeks . go on the demo and made 30 pips in two hours/
  • #668
  • Oct 13, 2013 8:43am Oct 13, 2013 8:43am
my demo continues to perform well on 4h charts, this EA definitely has an edge in the market

question to mike and garfield and anyone else who might know, please can someone explain why the EA did not take this trade on the 10th, (section just slightly below the crosshairs) , i figure it should have taken a buy on AUDJPY as all MACD's turned green?

any feedback would be appreciated

blam
  • #669
  • Oct 13, 2013 5:37pm Oct 13, 2013 5:37pm
Quoting 1greyfox
{quote} Hi ognen. If you are referring to the trade explorer results, they are based on using an EA which is still being developed. The trades aren't based on human intervention(analysis). The EA gets a signal and sets the trade up and then we wait to see what happens next. If you are referring to my results which uses different money(trade) management styles, oh well, sorry. As to losing stakes not being accepted, I have NEVER found a method that doesn't produce losing trades, so losing stakes are part of the cost of doing business. I don't understand...
EAs never gave me positive results as I made tests in the past 4 years. I even have made myself application in Excel which was doing calculations on mechanical trading style, but the research reveald me that chances are 50-50 when there are no constant losers. By my opinion it is waste of time.
Losing stakes are part of the trading, but not as constant losing stakes.
Sentiment is not predictable, it is assumable. So, sentiment can only be recognized after the action happened, and not before. I cannot offer more help then to say follow the news and process them. Nothing is much more worth than the news, including rumors of course. Technicals are only 20% reliable when analysing, and EAs are 0%.
  • #670
  • Oct 13, 2013 11:48pm Oct 13, 2013 11:48pm
Quoting ognen
{quote} EAs never gave me positive results as I made tests in the past 4 years. I even have made myself application in Excel which was doing calculations on mechanical trading style, but the research reveald me that chances are 50-50 when there are no constant losers. By my opinion it is waste of time. Losing stakes are part of the trading, but not as constant losing stakes. Sentiment is not predictable, it is assumable. So, sentiment can only be recognized after the action happened, and not before. I cannot offer more help then to say follow the...
Water off a ducks back .
My first trade today,
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 158 KB
  • #671
  • Oct 14, 2013 3:30am Oct 14, 2013 3:30am
so far today 1loss - 16
1 win + 17
now my desktop keeps freezing ?
May have to take it in.
Regards orid
  • #672
  • Oct 16, 2013 5:35am Oct 16, 2013 5:35am
Quoting orid
so far today 1loss - 16 1 win + 17 now my desktop keeps freezing ? May have to take it in. Regards orid
Good morning orid.

It has been a busy week here so I haven't done any trading but wanted to check in to see how things are going.

I noticed post #670, your screenshot of the AUDUSD 1H chart an indicator(ADR CandleSize Check), was your computer freezing up before you added this indicator or after?

I hope all is well otherwise.

1greyfox
  • #673
  • Oct 16, 2013 6:33am Oct 16, 2013 6:33am
not sure about that Greyfox .ive taken my pc in the shop suspects the mother board is kaput!
Im using a 12 year old laptop at the mo, painfully slow , cost me a fortune when i bought it all those yrs ago .
.Regards Orid
  • #674
  • Oct 17, 2013 5:33am Oct 17, 2013 5:33am
back to demo for me , bad three weeks since live, 1 hour has let me down .
I'm sure ill make heaps on demo .

Orid
  • #675
  • Oct 17, 2013 5:47am Oct 17, 2013 5:47am
Quoting orid
back to demo for me , bad three weeks since live, 1 hour has let me down . I'm sure ill make heaps on demo . Orid
Good morning orid.

That is really sad news, is there anything I can do to help?

If you want, you can e-mail me privately and send me a few of the trade charts for me to look over. Also, let me know what your exact rules have been and we'll see if we can't work out what might be hindering you currently.

1greyfox
  • #676
  • Oct 17, 2013 6:26am Oct 17, 2013 6:26am
Thanks greyfox , my charts that i kept are on the desktop in for repair , i havent been doing anything different to when i was on demo,
So I will go back to demo and try to fine tune . I have a couple ideas ideas, if I can keep to them the rules that is eh?
thing that really amazes me is how quickly the price gos against you , like seconds or minute or two.
yet how slow when it moves into profit, weird.
Keep on truckin.
Anyone else having any succes or not would be nice to hear your views.
Regards Orid
  • #677
  • Oct 20, 2013 11:45am Oct 20, 2013 11:45am
Hi All, especially Garfield and those active in helping others to find their way in this thread.
Thanks for sharing your system here!!!
I read all contributions here. Unfortunately I was not able to realy study / practice the system as I am still enjoying my holiday; but I can' t wait to step into it. ( itś a pitty that android MT4 doesnt allow for your own mt4 tools)

Tuesday I will be home and start doing the charts.
My aim is to use this system together with what I have learned thus far on Supply and Demand Zones, and the use of strong S&R levels from M1 W1 D1 and H4.

I hope it will strengthen my way off trading. I intend to keep you informed on how it is going. And maybe, but only after using it for a while, I can contribute to this thread and the whole of this system.

Regards,
Ben
  • #678
  • Oct 20, 2013 8:55pm Oct 20, 2013 8:55pm
Hi Ben welcome and good luck,
Demo for me this week.
  • #679
  • Oct 21, 2013 10:13am Oct 21, 2013 10:13am
Quoting campco
Hi All, especially Garfield and those active in helping others to find their way in this thread. Thanks for sharing your system here!!! I read all contributions here. Unfortunately I was not able to realy study / practice the system as I am still enjoying my holiday; but I can' t wait to step into it. ( itś a pitty that android MT4 doesnt allow for your own mt4 tools) Tuesday I will be home and start doing the charts. My aim is to use this system together with what I have learned thus far on Supply and Demand Zones, and the use of strong S&R...
Good morning Ben.

Much success to you on this new path you are about to enter. I think with some of the added things you plan to use to help decide to trade or not are beneficial. Even though a signal gets generated doesn't always mean it is worth trading and human analysis is always a good thing to do before jumping into a trade.

1greyfox
  • #680
  • Edited 6:33am Oct 22, 2013 5:36am | Edited 6:33am
Hi 1greyfox,

Thanks for you answer and welcoming.

As I said, on Tuesday I would start. Setting my charts now.
In page 1 first thread there is this scheme on settings for the several tf's.

I am wondering why the calculation in lower tf's is done different from the higher ones.
Let me explain: As I understand we have mtf in the H4 chart of H4, D1 and W1. Therefor we need these combinations:
12, 26, 9.
72, 156, 54.
360, 780, 270.
To get the 2nd series of setting we multiply 1st setting by 6 (6 times 4 hours in a day).
To get 3rd series we multiply by 5 (5 days in a week).

So far so good (I hope).

When I compare this to the smaller tf I do not find the same way of calculating:
Compared to the above, I would think in M15 we would have MACD's of M15, M30 and H1 (and therefor the multiplying by 2 and 4.

What did I miss here?

Regards,

Ben
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