stevehopwoodforex.com
https://www.stevehopwoodforex.com/phpBB3/
Print view

Macd Stochastic Fractal MA5/25 Daily Marylin
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1448		 Page 59 of 141
Author:  phil_trade [ Mon Jun 17, 2013 3:37 pm ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
dudest wrote:Hallo Phil,

First question:

#PERIOD_FRACTAL=PERIOD_D1; Period for fractal calculation
PERIOD_FRACTAL=1440

#PERIOD_RSI=PERIOD_W1; RSI period
PERIOD_RSI=10080

For a broker having 5 D1 bars per week, PERIOD_W1 should be 1440 x 5 = 7200, right?

Cheers
in Empty4, this is a standard choice for PERIOD !

PERIOD_M1 1 1 minute.
PERIOD_M5 5 5 minutes.
PERIOD_M15 15 15 minutes.
PERIOD_M30 30 30 minutes.
PERIOD_H1 60 1 hour.
PERIOD_H4 240 4 hour.
PERIOD_D1 1440 Daily.
PERIOD_W1 10080 Weekly.
PERIOD_MN1 43200 Monthly.
0 (zero) 0 Timeframe used on the chart.
Author:  dudest [ Mon Jun 17, 2013 3:50 pm ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
A humble observeration (for Niepce) [or Phil also]

A short while ago, I was testing out Scoob's D1 RSI trend filter condition (pasted below) on an EA I'm working on (trying to teach myself coding :))

In the running of the EA, came across issues with how the RSI was being computed (e.g opening of trades that should not have been entered, etc).

Researched quite abit on the Net, and on MQL4 forums, found that when using iRSI on PRICE_CLOSE, a shift of 0 sometimes gives weird results (don't know why). So it was recommend to shift by 1 bar, and use local variables when calculating the RSI

Cheers

E.G of use in Marylin: iRSI(Symbol(),PERIOD_RSI,14,PRICE_CLOSE,0) ==> shift is last digit

===

SCOOB's trend filter:

Take a 20 period, D1 Rsi:

Rsi > 55: trend is long
Rsi < 45: trend is short
Rsi is in between these values: market is ranging

.
Author:  dudest [ Mon Jun 17, 2013 3:56 pm ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
phil_trade wrote:
in Empty4, this is a standard choice for PERIOD !

PERIOD_M1 1 1 minute.
PERIOD_M5 5 5 minutes.
PERIOD_M15 15 15 minutes.
PERIOD_M30 30 30 minutes.
PERIOD_H1 60 1 hour.
PERIOD_H4 240 4 hour.
PERIOD_D1 1440 Daily.
PERIOD_W1 10080 Weekly.
PERIOD_MN1 43200 Monthly.
0 (zero) 0 Timeframe used on the chart.
Aaah, OK.

That's deceptive of them though... a standard bank week is never 7 days... and a standard NY-close week is 5 days...

Thanks
Author:  dudest [ Tue Jun 18, 2013 7:49 am ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
dudest wrote:A humble observeration (for Niepce) [or Phil also]
...
...maybe this does not bear much weight, given that the MACD and Stoch also have to be right in order for trade to be taken...

Cheers
Author:  dudest [ Tue Jun 18, 2013 7:53 am ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
Update:

1) Marylin (Vanilla) still holding on to AUDUSD long trade

2) Marylin (MPTM) closed long AUDUSD long trade at -150pips

I put in mind Phil's mantra --> it is impossible to avoid false signal; the key is to be around when the good trend happens, and let the winner run [ trade small (survive the losses), and keep winners for long ]

Cheers
Author:  phil_trade [ Tue Jun 18, 2013 7:59 am ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
dudest wrote:Update:

1) Marylin (Vanilla) still holding on to AUDUSD long trade

2) Marylin (MPTM) closed long AUDUSD long trade at -150pips

I put in mind Phil's mantra --> it is impossible to avoid false signal; the key is to be around when the good trend happens, and let the winner run [ trade small (survive the losses), and keep winners for long ]

Cheers
1) Marylin (Vanilla) still holding on to AUDUSD long trade
My virtual SL is 300 pips or reverse 3 MACD with minimum 10 pips delta between each.
I put in mind Phil's mantra --> it is impossible to avoid false signal; the key is to be around when the good trend happens, and let the winner run [ trade small (survive the losses), and keep winners for long ]
and you will got this :)
New Benchmark 7 devises 2009 2013 +150K$.PNG
Author:  dudest [ Tue Jun 18, 2013 8:21 am ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
phil_trade wrote:
1) Marylin (Vanilla) still holding on to AUDUSD long trade
My virtual SL is 300 pips or reverse 3 MACD with minimum 10 pips delta between each.
I put in mind Phil's mantra --> it is impossible to avoid false signal; the key is to be around when the good trend happens, and let the winner run [ trade small (survive the losses), and keep winners for long ]
and you will got this :)
New Benchmark 7 devises 2009 2013 +150K$.PNG
Yes Mr Phil :)!

My next query is on the 3 MACDs

1) why 3 MACD's?

2) how do they work exactly?

As you and Niepce said, I'm trying to figure out the best MACD and Stoch and RSI settings for my Broker (AxiTrader). I will post what I get for each pair (hoping I know what I'm doing :) )

Cheers
Author:  phil_trade [ Tue Jun 18, 2013 8:41 am ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
dudest wrote:
phil_trade wrote:
1) Marylin (Vanilla) still holding on to AUDUSD long trade
My virtual SL is 300 pips or reverse 3 MACD with minimum 10 pips delta between each.
I put in mind Phil's mantra --> it is impossible to avoid false signal; the key is to be around when the good trend happens, and let the winner run [ trade small (survive the losses), and keep winners for long ]
and you will got this :)
New Benchmark 7 devises 2009 2013 +150K$.PNG
Yes Mr Phil :)!

My next query is on the 3 MACDs

1) why 3 MACD's?

2) how do they work exactly?

As you and Niepce said, I'm trying to figure out the best MACD and Stoch and RSI settings for my Broker (AxiTrader). I will post what I get for each pair (hoping I know what I'm doing :) )

Cheers
1 - 3 MACD to ensure trend is well defined. With also a minimum delta pips between each bar to avoid ranging zone.

2 - Main entry signal is when 3 MACD show trend, STOCH confirmation without OBOS zone, and MA25 show end of reverse trend (aggressive entry) or confirm current trend (conservative entry ) -> Delta Pips MA25 is very important to select between aggressive and conservative mode.

3 - RSI W1 is only an option to take profit if RSI W > or < param. I use it for GBPUSD which show in past 4 years that it was a good option. Of course, we have to filter trade to avoid enter if exit filter is already achieved !
Author:  dudest [ Tue Jun 18, 2013 9:23 am ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
phil_trade wrote:
1 - 3 MACD to ensure trend is well defined. With also a minimum delta pips between each bar to avoid ranging zone.

2 - Main entry signal is when 3 MACD show trend, STOCH confirmation without OBOS zone, and MA25 show end of reverse trend (aggressive entry) or confirm current trend (conservative entry ) -> Delta Pips MA25 is very important to select between aggressive and conservative mode.

3 - RSI W1 is only an option to take profit if RSI W > or < param. I use it for GBPUSD which show in past 4 years that it was a good option. Of course, we have to filter trade to avoid enter if exit filter is already achieved !
Thanks Phil, explanation appreciated
Author:  dudest [ Tue Jun 18, 2013 9:27 am ]
Post subject:  Re: Macd Stochastic Fractal MA5/25 Daily Marylin
Another one Phil

StochLevelMaxToTrade=70; Upper stoch boundary to allow a long order. Automatically revert for shorts.

==> Does the above mean that we can take a long trade (among other things) if STOCH is LESS THAN or EQUAL to 70?
==> And for shorts: that we can take a short (among other things) when STOCH is GREATER THAN or EQUAL to 30?


StochOBOSToMoveSL=90; Upper stoch boundary to set SL to BE if crossed, for long orders. Automatically revert for shorts.

==> Does this mean that when STOCH gets to 90, a long trade will have SL set to BE?
==> (If yes, isn't this value very high (since uppermost boundary of STOCH is 100?) )

Thanks
All times are UTC Page 59 of 141

Powered by phpBB® Forum Software © phpBB Limited