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Multi time frame Simple MACD system

  • #741
  • Nov 7, 2013 9:02am Nov 7, 2013 9:02am
Quoting nondisclosure00
Oops. Had the wrong opening prices on the EA. DOH! Still did pretty good on forward testing for that. LOL. Fixed. Will re-implement forward test. {quote}

Hi nondisclosure00

Hopefully now that you have made the correction to your EA, your results will be even better.

Good luck.

1greyfox
  • #742
  • Nov 7, 2013 9:03am Nov 7, 2013 9:03am
Hi everyone.

Here is a trade I opened a week ago that finally closed in profit.

It is on the CAD/CHF 4 Hour chart.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-11-07_CADCHF 4H.gif Size: 45 KB
  • #743
  • Nov 7, 2013 9:16am Nov 7, 2013 9:16am
Hi everyone.

On the current list of pending orders which were setup on Nov. 7, 2013 9AM eastern time, only one would be considered by me as a possible trade.
Attached Image


The CAD/JPY is the only one on the list that hasn't blown out the ADR.

Are we using the ADR or aren't we using it as a criteria for setting up pending orders? I don't know what the current garfield75 rules are because he hasn't posted any trades or given direction where this thread is supposed to be heading.

1greyfox
  • #744
  • Nov 8, 2013 8:08am Nov 8, 2013 8:08am
Hi garfield75.

I just noticed the trade log and saw an odd thing.

There were 3 duplicate trades placed. Needless to say with all the red letter news that was released the last couple of days, the Trade explorer account took a beating.

The other morning it was up over 100% gain for the year, and in just a couple of days it is down to 64.7%.

To me this demonstrates the need for human intervention instead of just letting a so called 'expert' advisor do the thinking for you. Sad to see a loss of over 34% on the account because of trusting a piece of software.

1greyfox
Attached Image (click to enlarge)
Click to Enlarge Name: trade log.gif Size: 11 KB
  • #745
  • Nov 8, 2013 7:55pm Nov 8, 2013 7:55pm
Quoting 1greyfox
Hi garfield75. I just noticed the trade log and saw an odd thing. There were 3 duplicate trades placed. Needless to say with all the red letter news that was released the last couple of days, the Trade explorer account took a beating. The other morning it was up over 100% gain for the year, and in just a couple of days it is down to 64.7%. To me this demonstrates the need for human intervention instead of just letting a so called 'expert' advisor do the thinking for you. Sad to see a loss of over 34% on the account because of trusting a piece of...
Hey Greyfox,

Those trades were duplicated due to "human intervention" .. I had to restart my VPS and MT4 terminals. So the EA added those pending trades again, which triggered. I was checking all my live accounts to make sure they were correct and didn't bother checking the demo account.

Another way of looking at this is 60%+ gain in the account in 3 months with minimal trading time. How many system out there can beat this ?

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #746
  • Dec 8, 2013 7:41pm Dec 8, 2013 7:41pm
I hope this post is not abandoned yet. I'm experimenting in this and things turned out so far so good.
  • #747
  • Dec 10, 2013 3:40pm Dec 10, 2013 3:40pm
Quoting skyline100
I hope this post is not abandoned yet. I'm experimenting in this and things turned out so far so good.
I will test this system during December, but it seems to be a good system.
  • #748
  • Dec 10, 2013 4:44pm Dec 10, 2013 4:44pm
When a place the MFT MAD Signal on chart, only grey bars appear. Can someone explain what I might be doing wrong? thank you.
  • #749
  • Dec 11, 2013 5:49am Dec 11, 2013 5:49am
Quoting Joeyd
When a place the MFT MAD Signal on chart, only grey bars appear. Can someone explain what I might be doing wrong? thank you.

can u post a chart to show what is the error?
Trading is SIMPLE not EASY.
  • #750
  • Dec 11, 2013 6:37am Dec 11, 2013 6:37am
Hi garfield75,
What if I increase the risk a little bit more in order to get 25%-30% a month? Do you think it is going to work with this system?
  • #751
  • Dec 11, 2013 2:02pm Dec 11, 2013 2:02pm
Also, I am wondering if I try to put a more tight stop loss and target a reward a little bigger, let's say 100 pips? Do you think it is possible to get better results?
  • #752
  • Dec 12, 2013 12:16am Dec 12, 2013 12:16am
Quoting Trader05
Also, I am wondering if I try to put a more tight stop loss and target a reward a little bigger, let's say 100 pips? Do you think it is possible to get better results?

you can give it a go, but that will be a variation of the system. what will be your rule of "Tight stoploss". Also 100 pips across all pair ?
Trading is SIMPLE not EASY.
  • #753
  • Dec 12, 2013 1:27am Dec 12, 2013 1:27am
Quoting chrispaul286
{quote} I will test this system during December, but it seems to be a good system.
Hi
december is not good month for testing any system... results obtained can vary from any other month of the year...
JacekPreserve Precious Capital
  • #754
  • Dec 12, 2013 5:44am Dec 12, 2013 5:44am
ah,"this ea has expired ".
  • #755
  • Dec 15, 2013 7:28am Dec 15, 2013 7:28am
I tried to backtest this EA on a demo account on ironFX MT4.
I placed the MTF MACD Signal v1.1.ex4 into C:\Program Files (x86)\IronFX MetaTrader 4\experts and 3colorMACD.mq4 into C:\Program Files (x86)\IronFX MetaTrader 4\experts\indicators
But it kept show "ArrayInitialize function internal error" and no trade was triggered when testing.
Tried google but no luck. Anyone can help?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 51 KB
  • #756
  • Dec 16, 2013 12:07am Dec 16, 2013 12:07am
Quoting skyline100
I tried to backtest this EA on a demo account on ironFX MT4. I placed the MTF MACD Signal v1.1.ex4 into Crogram Files (x86)IronFX MetaTrader 4experts and 3colorMACD.mq4 into Crogram Files (x86)IronFX MetaTrader 4expertsindicators But it kept show "ArrayInitialize function internal error" and no trade was triggered when testing. Tried google but no luck. Anyone can help? {image}
i think that EA has expired, which is why it's causing the error.
I don't have the source code for it, so can't post it.
Trading is SIMPLE not EASY.
  • #757
  • Dec 16, 2013 10:01am Dec 16, 2013 10:01am
this system looks more stable on daily charts
  • #758
  • Dec 18, 2013 2:08am Dec 18, 2013 2:08am
my trade explorer here is linked to an EA which trades based on same rule on 4 hours chart. Anyone want to use the EA please PM me.
Trading is SIMPLE not EASY.
  • #759
  • Dec 18, 2013 7:57am Dec 18, 2013 7:57am
Here is the Ea that will work on Demo and Live accounts until 28th February 2014. Please test and report bugs to me. If you have success with the EA please post your settings.

Skyline100 it looks like the indicator may not have complied correctly when MT4 loaded, closing and re opening usually helps.

Hope this Helps

Mike
Attached File(s)
File Type: ex4 MTF MACD Trader.ex4   18 KB | 1,014 downloads
  • #760
  • Dec 18, 2013 10:46am Dec 18, 2013 10:46am
started trading the EA on live account today!!!

Let's see how this performs!!
Trading is SIMPLE not EASY.
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