MACD Simple Cross System Page 9 Forex Factory

Feedback on Trading System

I built a forex trading strategy recently for a friend, and wanted to share it / get some feedback on it, as most of the systems I build trade stocks and are more fundamental/macro based!
The system was inspired by this forexfactory post: https://www.forexfactory.com/showthread.php?t=343533 but I've made a few changes.
The Filter:
I didn't like the proposed TMA slope indicator as the calculation and cutoff values seemed too arbitrary to me, so I take the 5 bar ROC of an EMA and smooth it. I divide this value by its standard deviation to scale it for higher timeframe analysis. I take the value of this adjustedSlope at the 4H, 1D, 1W timeframes, and sumproduct them with weights of 40%, 30%, 30% to give a little more strength to recent movements. I call this the overallSlope (for future reference).
I describe the the market regime under these rules:
(overallSlope > overallSlope[1] and overallSlope > 0) = bullish
(overallSlope < overallSlope[1] and overallSlope < 0) = bearish
(overallSlope > overallSlope[1] and overallSlope < 0) = neutral
(overallSlope < overallSlope[1] and overallSlope > 0) = neutral
Just like the system from ForexFactory, only long trades can be taken if its bullish, only short trades can be taken if its bearish, and either trade can be taken if its neutral.
The Setup:
I believe this portion is identical to the original stated system. Take the 50 bar Triangular Moving Average on the 4H timeframe, where the UpperBand is TMA + (2.5 * H4ATR) and the LowerBand is TMA - (2.5 * H4ATR).
If the market regime is bullish/neutral and the price has traded below the Lower Band then we're setting up for a buy and vice versa with a bearish/neutral market regime and price trading above the Upper Band.
I'm considering switching this to Median Absolute Deviation Bands as I like using the modified Z Score but I'm unsure of applying it directly to a price series instead of indirectly through an indicator or factor, I assume the median isn't very effective due to the actual series drifting, where as its (more) static when applied to Earnings Yield or something.
The Trigger:
For the trigger I'm on the 1H TimeFrame using the MACD histogram crossing 0, but the MACD is based on the Jurik Moving Average instead of the standard. A couple years ago when I first started getting into programming and playing forex, the JMA was something I stumbled on and wrote up and I really like it, it's very effective and smoothing a series, allowing the use of shorter lookback values without the MA being too "jittery".
Exits:
On the losing side, at open a stop loss is placed at (2 * H4ATR) below(above) the low(high) if we're going Long(Short). I'm currently split between two exits on the profit side. Right now my current exit criteria for a hypothetical long position is a bearish MACD Histogram crossover while we are above the TMA (the "midline"). The other strategy I'm considering is half off at the midline and the other half off at the Upper Band, but I think this isn't great because it can reverse and hit the stop effectively nulling the trade.
Risk Management:
For the risk management of the system I'm using position sizes standardized to risk 3% of the account on each trade by calculating how far away the stop is, and scaling the # of units until $risk = AccVal * .03.
Additional Comments:
As of right now I only have it fully coded on TradingView and I've made sure to use open prices for everything to avoid? (not sure if this completely handles this issue, please let me know) lookahead bias and I'm in the process of translating my code into my backtesting system but a lot of what I've built is equity related so I have some work to do to get it running right for forex. In TradingView I have it plot the Entry, Stop, and two targets, and the background shifts based on if it's long/short/flat. https://imgur.com/a/A1UQi04

I look forward to any thoughts or comments y'all may have, thanks for reading!
submitted by ilovemygirlfriend69 to Forex [link] [comments]

some helphul common terms for forex traders

Common terms:

submitted by livmarsh1992- to u/livmarsh1992- [link] [comments]

4 Hour Strategy MACD @ Forex Factory Best MACD setting - YouTube MACD Forex Swing Trading Strategy Technical Analysis Secrets: What Most Trading Gurus Will ... 4 Hour Strategy MACD @ Forex Factory How To Use and Read Forex Factory Calendar เทคนิคการใช้ MACD กับ Stoch ในตลาด Forex by MasterChet Your Trade Mentor - YouTube How To Trade The MACD Indicator In Forex

This is the basic script that shows MACD as described with settings in the thread https://www.forexfactory.com/showthread.php?t=14630 MACD Indicators Forex Downloads Forex MT4 2 line MACDDownload: 2line_MACD.mq4 Forex MT5 2 line MACDDownload: 2line_MACD_DL.mq5 MACD Quick Summary Trading with MACD indicator includes the following signals: MACD lines crossover — a trend is Forex Macd IndicatorWhile this could be interpreted to mean that about one in three traders does not lose money trading currencies, that’s not the same as getting rich trading forex. FX Trading steps Choose a currency pair. Decide which currency pair you wish to trade. … Decide on the type of FX trade. There are three ways to trade forex with City Index Spread […] Macd Forex Youtube Forex scalping is a trading strategy used by forex traders to buy or sell a currency pair and then hold it for a short period of time in an attempt to make a profit. A forex scalper looks to make a large number of trades and earn a small profit each time. Multi time frame Simple MACD system 821 replies. simple MACD and EMA cross 1 reply. Help with MACD & MA of MACD Cross indicator 0 replies. Simple MACD System - Make 100 Pips a Week! 15 replies. Simple MACD system based on 2 channels 122 replies MACD signal line is EMA(9) which introduces additional lag, but histogram is the difference between MACD and the signal line, which again offsets it. Consequently MACD histogram performs useful smoothing without lagging price too much. If price changes direction far enough, the sequence tends to occur as follows: 1. MACD histogram responds first by changing direction 2. MACD itself changes ... View Macd-rsi's profile on Forex Factory.

[index] [6853] [28780] [7449] [620] [7470] [25781] [1062] [4459] [962] [28460]

4 Hour Strategy MACD @ Forex Factory

Discover the truth about Technical Analysis — when to use it, when NOT to use it, and how it really works.Here’s the deal:Technical Analysis is not what you thi... Here are the best settings for MACD This is a forex trading strategy although you can probably also use it on other markets. We have MACD setup, fast length setup at 12, slow length set at 26 and smoothing set to 9. The theory of ... How To Trade The MACD Indicator In Forex . This strategy MACD Indicator Secrets: Strategy to Profit in Bull & Bear Markets will help you to increase your winning rate, and identify high ... The MACD indicator explained simply and understadably. // MACD trading strategy, MACD histogram, EMA - Duration: 9:52. David Moadel 279,079 views This video is unavailable. Watch Queue Queue. Watch Queue Queue Discover how MACD indicator can help you "predict" market turning points, increase your winning rate, and identify high probability breakout trades. ** FREE ... Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. เปิดสอนแล้ว!! Foreign Exchange (forex) หลักสูตรเดียวสามารถตอบทุกโจทย์การลงทุน เรียน ... How To Read Forex Factory and Investing.com Website Calendar News Data Tani Forex In Urdu And Hindi - Duration: 14:54. Tani Forex 10,207 views. 14:54.

http://binary-optiontrade.fulvori.tk