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Multi time frame Simple MACD system

  • #761
  • Dec 19, 2013 8:58am Dec 19, 2013 8:58am
Quoting garfield75
started trading the EA on live account today!!! Let's see how this performs!!
Wish you all the best!

Q: Can I keep the EA running for 24 hours instead of 1 to 8? My Broker is GMT+0 which means that I will be trading only the Asian session if I stick to 1-8 only. Advise pls.


Q: If I am not sure if my broker is ECN or not, what should I select? (I phoned them to inquiry but as you know, they have no clue).

Q: Please share your LIVE trading on one of the explorers so that we observe how things are going.

Thanks!
  • #762
  • Dec 19, 2013 3:19pm Dec 19, 2013 3:19pm
Quoting Walad100100
{quote} Wish you all the best! Q: Can I keep the EA running for 24 hours instead of 1 to 8? My Broker is GMT+0 which means that I will be trading only the Asian session if I stick to 1-8 only. Advise pls. Q: If I am not sure if my broker is ECN or not, what should I select? (I phoned them to inquiry but as you know, they have no clue). Q: Please share your LIVE trading on one of the explorers so that we observe how things are going. Thanks!
yes, the EA runs 24 hours
doesn't ,matter with broker being ECN or NOT
My live result is already is linked with forex factory trade explorer.
Trading is SIMPLE not EASY.
  • #763
  • Dec 19, 2013 3:53pm Dec 19, 2013 3:53pm
garfield,

when i tried the EA, i noticed that SL was set to the lowest of the swing, not the low of the triggering candle. TP was set to NOTHING - unset. The trade was a LONG one of course.

Is that behavior normal from the EA?

Can you send your LIVE parameter settings pls.? [copy and paste]
  • #764
  • Dec 22, 2013 7:33am Dec 22, 2013 7:33am
Quoting magft
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 {file}
Thank you magft, I will try to backtest it as soon as possible.
  • #765
  • Dec 23, 2013 4:19pm Dec 23, 2013 4:19pm
Hey Guys,

Can someone please tell me that, does indicator repaints the past signals? I know it is not a repainting indicator on live trading, but what about back-tests? can this indicator repaints the signals which was generated in past?
  • #766
  • Dec 27, 2013 7:38am Dec 27, 2013 7:38am
Quoting garfield75
started trading the EA on live account today!!! Let's see how this performs!!
Hey Garfield, I'm happy to see that this thread became so frequented. I didn't follow it for a while. A couple of questions:

1)Is the EA you are using on the live account attached to this thread, the one posted on post #759?
2)Are you closing positions manually or is all executed by EA?
3)How many pairs are you trading?
4)Are you still trading 4H timeframe or you switched to another?


Many thanks in advance
  • #767
  • Dec 29, 2013 12:12am Dec 29, 2013 12:12am
Quoting wahaj
Hey Guys, Can someone please tell me that, does indicator repaints the past signals? I know it is not a repainting indicator on live trading, but what about back-tests? can this indicator repaints the signals which was generated in past?
as far as I know this Indi doesn't repaint once the candle is closed.
Trading is SIMPLE not EASY.
  • #768
  • Dec 29, 2013 12:13am Dec 29, 2013 12:13am
Quoting lucariga
{quote} Hey Garfield, I'm happy to see that this thread became so frequented. I didn't follow it for a while. A couple of questions: 1)Is the EA you are using on the live account attached to this thread, the one posted on post #759? 2)Are you closing positions manually or is all executed by EA? 3)How many pairs are you trading? 4)Are you still trading 4H timeframe or you switched to another? Many thanks in advance
1)Is the EA you are using on the live account attached to this thread, the one posted on post #759?
-- I havn't posted this EA, it follows the same rule for trade entry.

2)Are you closing positions manually or is all executed by EA?
-- All executed by the EA, I have an condition set, once floating profit reaches 5.0% of the account equity, the EA will close all open positions.

3)How many pairs are you trading?
--- 16 pairs
-- AUDCHF,AUDUSD,CADCHF,CHFJPY,EURAUD,EURJPY,EURNZD,EURUSD,GBPAUD,GBPCAD,GBPCHF,GBPUSD,NZDUSD,USDCAD,USDCHF,USDJPY

4)Are you still trading 4H timeframe or you switched to another?
--- Only 4 hours
Trading is SIMPLE not EASY.
  • #769
  • Edited 3:06am Dec 29, 2013 2:24am | Edited 3:06am
Quoting garfield75
{quote} 1)Is the EA you are using on the live account attached to this thread, the one posted on post #759? -- I havn't posted this EA, it follows the same rule for trade entry. 2)Are you closing positions manually or is all executed by EA? -- All executed by the EA, I have an condition set, once floating profit reaches 5.0% of the account equity, the EA will close all open positions. 3)How many pairs are you trading? --- 16 pairs -- AUDCHF,AUDUSD,CADCHF,CHFJPY,EURAUD,EURJPY,EURNZD,EURUSD,GBPAUD,GBPCAD,GBPCHF,GBPUSD,NZDUSD,USDCAD,USDCHF,USDJPY 4)Are...
Many thanks for your reply. I love the idea for your exits. How did you choose your pairs (and why you don't trade for example EUR/AUD or EUR/GBP etc...) ?

Do you think you will share your EA?

Thanks again. Love this simple system
  • #770
  • Dec 29, 2013 3:39am Dec 29, 2013 3:39am
Quoting lucariga
{quote} Many thanks for your reply. I love the idea for your exits. How did you choose your pairs (and why you don't trade for example EUR/AUD or EUR/GBP etc...) ? Do you think you will share your EA? Thanks again. Love this simple system
After 5 months on demo with 290 trades these pairs performed the best so I am using these in the live account.

I am not posting it on the forum, can send a copy if you are interested, please PM me your email.
Trading is SIMPLE not EASY.
  • #771
  • Dec 29, 2013 6:38am Dec 29, 2013 6:38am
Quoting garfield75
{quote} After 5 months on demo with 290 trades these pairs performed the best so I am using these in the live account. I am not posting it on the forum, can send a copy if you are interested, please PM me your email.
I've PMed you. Thanks in advance
  • #772
  • Dec 29, 2013 11:14am Dec 29, 2013 11:14am
The strategy looks simple and powerful!
  • #773
  • Dec 29, 2013 2:10pm Dec 29, 2013 2:10pm
Helpppp, I have the MACD's on a chart, but they are of one color. Can someone explain how to 'download' and how to attach it to a chart so I can create a template. I thank you in advance.
Reno
  • #774
  • Dec 30, 2013 1:11am Dec 30, 2013 1:11am
Quoting garfield75
{quote} After 5 months on demo with 290 trades these pairs performed the best so I am using these in the live account. I am not posting it on the forum, can send a copy if you are interested, please PM me your email.
Hi Garfield

Could you please send me your EA? My e-mail ID: [email protected]. Somehow I am not able to PM you.

With regards,

Pramod
  • #775
  • Dec 30, 2013 11:21am Dec 30, 2013 11:21am
Garfield,

I think that your EA would do better if it opens only ONE trade per 4-8 hours, why? In order to avoid closely correlated pairs. Apart from EURUSD vs. USDJPY, most of the remaining pairs are correlated.

This will also lower the drawdown of the account, i.e., lowering the risk.

What do you think? Review the statement of the 5-months demo and see for yourself that multiple pairs where triggered almost in the same minute.
  • #776
  • Dec 31, 2013 2:47am Dec 31, 2013 2:47am
Quoting Walad100100
Garfield, I think that your EA would do better if it opens only ONE trade per 4-8 hours, why? In order to avoid closely correlated pairs. Apart from EURUSD vs. USDJPY, most of the remaining pairs are correlated. This will also lower the drawdown of the account, i.e., lowering the risk. What do you think? Review the statement of the 5-months demo and see for yourself that multiple pairs where triggered almost in the same minute.
How would you chose which to open and which to discard?
If you want to avoid correlations problems, you can share the risk between all the trades you are going to open. For example if you want to risk 2% on a single trade and you have to open 4 position at the same time, you can open each position with 0.5% of risk.
  • #777
  • Jan 3, 2014 12:20pm Jan 3, 2014 12:20pm
Quoting gupta_pramod
{quote} Hi Garfield Could you please send me your EA? My e-mail ID: [email protected]. Somehow I am not able to PM you. With regards, Pramod
Have you received the EA from Garfield? I've PMed him without reply.... Maybe he's on holliday.... Happy new year everyone
  • #778
  • Jan 4, 2014 1:37am Jan 4, 2014 1:37am
Hi Lucariga

Happy New Year 2014. I think we can test the EA posted by Mike on Post # 759. The EA is valid till Feb 28th only. I tested the Garfield's 4H manual system on 16 pairs. Closed 6 trades this week with 100% success rate. Maybe, I will try the EA next week. I am going to use the Garfield75 script for my 4H manual trading next week. Does the EA work on 4H or 1H TF and do I need to upload the EA on all the 16 pairs I want to trade or only one pair?

With regards,

Pramod
  • #779
  • Jan 4, 2014 3:34am Jan 4, 2014 3:34am
Quoting gupta_pramod
Hi Lucariga Happy New Year 2014. I think we can test the EA posted by Mike on Post # 759. The EA is valid till Feb 28th only. I tested the Garfield's 4H manual system on 16 pairs. Closed 6 trades this week with 100% success rate. Maybe, I will try the EA next week. I am going to use the Garfield75 script for my 4H manual trading next week. Does the EA work on 4H or 1H TF and do I need to upload the EA on all the 16 pairs I want to trade or only one pair? With regards, Pramod
I think you should use it on all pairs. How did you take profit? at 1:1 R:R or as soon as all floating positions reached +5%?

To summarize:
1) you wait for all 3 macd became same color
2) If the 200 ema is not between your entry point and your TP, you pull the trigger
3) Where you place your SL?
4) Where you place your TP?

Thanks
  • #780
  • Jan 5, 2014 1:40am Jan 5, 2014 1:40am
Quoting lucariga
{quote} I think you should use it on all pairs. How did you take profit? at 1:1 R:R or as soon as all floating positions reached +5%? To summarize: 1) you wait for all 3 macd became same color 2) If the 200 ema is not between your entry point and your TP, you pull the trigger 3) Where you place your SL? 4) Where you place your TP? Thanks
I placed the pending orders when all 3 MACDs became same color at 4H charts and took profit with 1:1 R:R. My SL was set at low or high of previous 4H candle.
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