How’s this working out? Anyone tried this on anything less than a 1 hour chart?
[I]I have found so far that adding a MACD (slow 10, fast 20, length 12) works pretty good as a confirm.
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Hi, been backtesting and you seem to be right, however I am confused with the MACD settings. Wouldn’t they be the other way around? (Fast 10, Slow 20)
Thanks
Hi all,
Longtime lurker here. Ive been really interested in this system ever since I came by this thread. I dont trade this system on my live account yet, so ive been demoing it for about half a month with the recomended pairs E/U and E/G but only on the hourly charts. My question is would the same parameters work off of the Daily if I was to place trades using the daily charts as opposed to the Hourly, and has anyone been successful with it using the 1Day charts to place their trades. Seems like you could easily double the ammount of PIPs if you went with the daily rather than the hourly.
Incidentaly im looking at the Daily Eur/Gbp chart right now(04/29 3:20 CST) and according to this system we’re about to see a trend reversal signaling a good time to go short on the pair. Anyone else see that?
Hey Kartik,
It looks like you are right about the EURGBP being pretty close.
The USDJPY looks like it is very close to signaling a long entry as well.
I haven’t tested this system out yet, in fact, I just finished reading through all the posts (wish I could have skipped half of them, they weren’t quite on topic), but I think that this system coming from another site only makes it that much more likely to work.
I will be trying this out on both those pairs if the signals happen.
Thanks!
Hdtunlimited,
Im only Demo trading it, so dont take my word for it. I would hate for you to lose your money since we dont know if the EMAs need to be tweaked for daily charts.
Memitim,
Good point about the MACD. I like it. I’ll be investigating this further.