Hi, JB here. I noticed how hot MACD(9,12.26) and RSI(60) is. on anything from 5Min to Daily bar. Anyone else with such find on any threads out there?
But it's the MACD with oscillator on c*m*s platform. No, not a Rep, am just here like you, looking. So hope this thread isn't torn down because this looks hot. Just saying what chart platform so we have initial basis of agreement on what chart/math I'm looking at. Besides, their demo platform is indefinately free, so I've used it all along without having to do biz there, so that should satisfy the purity of said forum,
Yep, I'm the poor bloke with 15,000 visitors thrashing thru "eNNya's" hopes, LOL Arriving at some pure TA thing is a bit of surprise for me, although underneath it all, don't we all wish such for self and others here? So I put up this thread temporarily in order to garner lookingness support, not sure I can do this alone. Some have already chatted with me by email and said although they see it chart-wise, they've learned back-testing is the order of the day. I can't agree more, but when I keep looking at the simple basic "slight tilt of any sort in RSI(60) and MACD-oscillator on increase after crossing", and see its good on everything from 5Min to Day bars, Whewwwwaaaa!!!! So, am I getting delusional here, or what people? Was a bit maybe with eNNya neural-nets, but it's a long ways off for her or "SoNNya" brands to come to any conclusion there yet, as I'm trying to get Hurst-TA into my earlier TD software, as well as checking out better trend holding RSI'd eNNya-Ib, so hope isn't dashed there by long shot, just month of May put a real damper on her style! lol
But even this simple MACD, with 2 minis and 1K on account would have accumulated $300 from 5/12 to now [eNNya lost $220 so far](20% risk money management because when the conditions are met, I'm not sure I see any scenarios where it's not in a trend!)
So if you haven't gotten their software/platform/chart deal yet, go there and get and install. Set general properties to 2000 bars, go to Daily bars, right-click chart and select straqight "MACD". (even though says "MACD" straight like that, it's with an "oscillator" that seems to show rate of accumulation of area between red & blue MA). So strategy isssssssssss: (drum eroll please! lol
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BY the way, if this is wrong-headed and screwier than eNNya, I rapidly bring down this thread! THank you!
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Look where oscillator bars are increasing or decreasing after crossings. It would be pure after crossings for retracements, probably the crossing or both red/blue slightly above or below zero for trade entries cfondition. If at that point RSI(60) [oh yea, insert RSI and change properties from 14 to 60] the RSI also goes in same direction as the MACD (it need be also of slight slant), then that's a trade entry. Exit is next reverse crossings or trail_stop if it happens first (set trailings on platform, I may use my fxcm as I have accouint there).
Need troopers out there on these 4 majors, mostly on EurUsd at first, but we could do this as joint forces, someone to major in USDCHF, someone else USDJPY, etc. So let's start and look over the past of 2000 bars of EurUsd and tell me if you see otherwise. There no doubt will be the rare occassion, think a 40 pip stop should do it on these rare moments of Daily Bars. 'Cause I'm tellin' ya folks, sure seems like a natural fundamental law here, and rather than impose on some of my comm-lines that I shared the 5Min-bar version with them, I want to get feedback and progress as a group on this in Day Bars manner. So any takers or dart-throwing doubters, welcome, we need this proofed-up or ditched ASAP!
Currently, no trade to enter on EurUsd. I close any trades on my fxcm in favor of any MACD-RSI set-ups (i.e., getting close to a trade for opening one)and do only paper-test for eNNya research.