Multi time frame Simple MACD system

Quoting 4xPIPAHOLIC

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{quote} Well Done ! Continue, as long as it is profitable everything is accepted.....even lagging Continue...... Long time ago I used to trade a system very similar.....I used 2 macd's(and traded the direction of the cross).....you can see my trade explorer (Boomerang) it was VERY PROFITABLE..... The only reason I stopped was cause I discovered a better system....but it was profitable and a stepping stone for me.....

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Quoting campco

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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...

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Quoting nondisclosure00

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So, I've read the thread. And I have one question: I didn't find in the rules a 'defined exit rule'. Do we hold until TP/SL/BE/BE+? I only ask because I want to try to have the best possible understanding I can before I crank up the magic Meta Editor and create an EA for it. Thx!

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Quoting 1greyfox

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{quote} Hi nondisclosure00. Welcome to the thread and good luck to you. The normal trade rules are aiming for a 1:1 Risk/Reward ratio. If the setup candle is 30 pips in size then the trade profit target would be set 30 pips away along with a 30 pip stop loss. Good luck with your EA experiment. There is an experimental EA available in post #472 which you may want to look at. 1greyfox

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Quoting sardinian

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Hello everybody, I like this trading system because it fits good for me and is similar to a my trading system ( work in progress). About macd I want test this system not with 12 26 9 setting for low TF, which in my opinion is a trap for rats, but with 8.45 - 9 - 8.40. I know I can set only 8,9,8 ...I will share the results of backtest and demo asap. Just a question for Garfield:what is the security distance from the 1200 Ma? 100 pips? The tp / sl close to the Ma? I would like have strong rule and respect it. Thanks

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Quoting orid

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hi all live trade for me today, wish me luck,{image}

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Quoting nondisclosure00

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Hi grey. Thanks for the reply. So we are holding until a target is hit. Ok I'm sure the EA posted on #472 is a very good EA. I like to code my own, this way in only have me to blame when/if it goes wrong. {quote}

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Quoting orid

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Hi Garfield hope you don't mind, but I thought I would bring this up for a few comments, The trade i took this morning got me 21pips, Ive noticed a few of these trades go a long way , has anyone used the hieken ashi candles to stay in .? Id be up about 70 pis at mo . anyway two trades today + 40 pips.{image}

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Quoting 1greyfox

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{quote} Hello orid. Instead of adding indicators to the chart, why not try increasing your take profit settings? Since you don't know how far price will move until after it has moved that distance, how can you be sure if the heiken ashi(lagging indicator) would have given you more profits compared to just setting a larger take profit target(human analysis)? Hindsight is always 20/20 1greyfox

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Quoting orid

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{quote} sorry for my ignorance greyfox ,i didnt think the heikan candles were adding an indicator , more to changing the way we look at the price direction , if the candles stay same colour the trend is still in same direction? and lagging ? i thought they show exact same other than colour and shape . Not sure ive grasped the heiken ashi concept properly back to my studies. apologies for bringing this up , regards orid ps i should have stayed out of the market last two weeks as you suggested. while the mess was going on

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Quoting 1greyfox

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{quote} Hi Ben. Sorry for the delay in answering I was away all day today. When using the 15 minute chart and then using the 1 hour as the next higher time frame instead of the 30 minute is because there just isn't enough distance from the 15 to 30 to make the MACD's look much different. When jumping up to the 1 hour it is a multiple of 4 instead of 2 when looking at the 30 minute time frame. So, the 15 minute chart uses the 15 minute, 1 hour, 4 hour MACD's as the settings which shows a clear multiple of 4 when going from one time to the next one...

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Quoting orid

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live trade today bit late on enter hope it gets to tp before frankie or ill pull out{image}

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Quoting orid

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{quote} hi all That trade yesterday didnt go anywhere so i close - 1.5 pip before frankie open ,which ended being good choice. Im in two four hours today ive entered early , not complying with rules so wont post charts . The signal is there so . Regards Orid ,ps how is everyone else doing ?

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