Hi Guys,
I would like to share some infos with you. I found this strategy a couple of days before and I believe its making sense on the chart, not just because it worked on few trades I made to test it, but because after more then 6 years there are lot of discussion about the system.
I just realised I need to make some deep tests. Of course, I am not a MACD4H trader, but after read some posts and documents here, I will try to organize my tests from now on. And for that test, I will show you a plan I made so : (i) it will help me on tests, (ii) it could be also a reference to others that want to start test the system and (iii) I expect you all comment the plan suggesting any modify...
1) I will make lots of backtests on MT4: the faster way to test tons of entries and exits.
2) If I understood correctly, the system is based on observation, so it would be hard to develop an EA to trade it. So I will use:
a) A template I found here on the Thread by Phillp (attached);
b) A "Manual Trade" EA I found on internet (Attached);
- That way, I will make all the decisions of entry and exit manually by observating to MA´s and MACD on the backtest;
3) Rules of Entry and Exit (that was everything I could assimilate of the system by now):
a) Not trade when signal is between 89 and 200EMA;
b) Buy only when signal is above 89 and 200;
c) Sell only when signal is below 89 and 200;
d) Entries 1 candle after a pullback movement on 21EMA;
e) Exits Buy after last candle close below 21;
f) Exits Sell after last candle close above 21;
g) No TP e SL;
h) Always analyse divergence on MACD to confirm entries and exists;
- Of couser I am using 4H TF;
Well I will start the tests rigth now... and wait for comments.
I would like to share some infos with you. I found this strategy a couple of days before and I believe its making sense on the chart, not just because it worked on few trades I made to test it, but because after more then 6 years there are lot of discussion about the system.
I just realised I need to make some deep tests. Of course, I am not a MACD4H trader, but after read some posts and documents here, I will try to organize my tests from now on. And for that test, I will show you a plan I made so : (i) it will help me on tests, (ii) it could be also a reference to others that want to start test the system and (iii) I expect you all comment the plan suggesting any modify...
1) I will make lots of backtests on MT4: the faster way to test tons of entries and exits.
2) If I understood correctly, the system is based on observation, so it would be hard to develop an EA to trade it. So I will use:
a) A template I found here on the Thread by Phillp (attached);
b) A "Manual Trade" EA I found on internet (Attached);
- That way, I will make all the decisions of entry and exit manually by observating to MA´s and MACD on the backtest;
3) Rules of Entry and Exit (that was everything I could assimilate of the system by now):
a) Not trade when signal is between 89 and 200EMA;
b) Buy only when signal is above 89 and 200;
c) Sell only when signal is below 89 and 200;
d) Entries 1 candle after a pullback movement on 21EMA;
e) Exits Buy after last candle close below 21;
f) Exits Sell after last candle close above 21;
g) No TP e SL;
h) Always analyse divergence on MACD to confirm entries and exists;
- Of couser I am using 4H TF;
Well I will start the tests rigth now... and wait for comments.
Attached File(s)
.
. I recently took the Pound off my radar - I found I was spending too much time jumping between pairs and not seeing what I should be.:nerd: I have had a quick look at the Daily to see if it confirms your idea and the Rythym shows a break down thru the 21 , a minor pullback to it and now started the down run to...
. Meantime, have your plan set out and stick to it. Watch all of Phillip's videos about RYTHYM and see how he does things. Yvon ( Trademin ) is also very good at anticipating entries but these guys have been trading for a long time. Keep up your good work my friend. It is our mission to keep this thread going and with your help, we will do this.
