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[Batcheler]

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 )

BY the way, if this is wrong-headed and screwier than eNNya, I rapidly bring down this thread! THank you! )

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.

[Batcheler]

Was starting to relaxedly lay down and read my new book "Freakonomics" from amazon for my holiday weekend enjoyment, noticed I missed USDJPY set-up since was out eating, but noticed USDCHF about to take. Boom, the slants were there as described (talkin' 5Min of course), enterred trade, wasn't but a few bars and only a page read from book, and I captured the 11 pips before it further wavered around. Boom, today's doggily pip duty done! You see folks? A little time a day, four major charts up and check it once in awhile, 200 pips per month is double your money every 5 months, can't be all bad this way! LOL

[Batcheler]

Hmmmm, awfully quiet at this new thread for such a major find! LOL
Anyhoo, have nice BBQ and blessing thoughts for those that gave the most for this country!

Here is snipurl to get here fast!: http://snipurl.com/jbsmacd

I'm planning on Sigs right after 5pmEST of Daily bars for this macd-rsi strategy. Thing is, since lots of time no trades are one in (yoda speech, maybe see star wars again today! lol) that probably means you see nothing here if 15 minutes passed and no post of a trade, then it's no trade or no change to trade already in. OK? I might make some commentary from time to time about the "macd may be getting close to a set-up", or "make sure your trail_stop is set right to catch the best amount of pips if....", but otherwise it be quiet here, EXCEPT this thread can also serve to learn to do the 5Min bar macd-rsi, as mentioned in above posts. Guess it won't be a problem with whom I have thus far confided in this strategy, as they were merely prospects for automating, which may eventually be in the works.

OK, happy memorial day to you all!

Ohhhhh, before I forget, let's clarify the strategy so folks get it bit by bit absorption:

1) For a Buy entry: If red & blue MA lines of macd(9,12,26) are above zero a wee bit and the oscillator is near .0001 (EurUsd, don't know what it is from other pairs, but it's eyeballable!) and the edge is still in upward motion slightly even, and same for RSI(60) at that bar (slightly up), then it's a buy trade!

2) For Sell entry: If red & blue MA lines of macd(9,12,26) are below zero a wee bit and the oscillator is near -.0001 (EurUsd, don't know what it is from other pairs, but it's eyeballable!) and the edge is still in downward motion slightly even, and same for RSI(60) at that bar (slightly down), then it's a sell trade!

3) There is also the sell retracement trades to enter: If after the crossings the reverse is true of the oscillator hump (front-edge is going in opposite direction and near -.0001 for sell retracement and +.0001 for positive retracement, with some directional slant greater than zero), then you have a retracement trade entry!

4) Set a trail_stop mentally or for real on your platform. If it occurs before the crossing, then that's it, otherwise close trade at the crossing.

I've done tick-bars, 5Min and Daily study of chart eyeball and trade-wise in past couple of days, it seems surefire, but if someone can prove otherwise, be glad to trash this thread and re-study anew, I'm merely sharing for mutual study and mutual learning gain, not trying to be an already learned gnome or some book or holy grail.

That's it, works like a charm if you peer strong enough at charts and train your mind/eye/trade-puching-fingers enough to get here. Hope you see it.
Be glad to help if you can't. Hope someone can post eventually to seeing it, then post to demo-ing it.....then as I did yesterday, post for money wins!!

[knocks420]

I currently use a very similar MACD/RSI strategy to the one you described however I am looking more for reversals. I have noticed a tendency for the weekly price to have at least one, if not more, major swings from an oversold to overbought (or vice versa). I monitor the fundamentals and also the MA's (5/20) to get a clue for direction. Use the MACD cross to confirm the buy. Use trail stops and keep it tight when the price gets to overbrought (oversold) situation. The money management part still needs some tweaking. It worked exceptionally well up until the EUR started really tanking a few weeks ago. I know this needs a lot more refinement but I think its definetly something. I also try and use a quick scalping strategy on the 5 min which may have some potential.

[Batcheler]

Originally Posted by knocks420

I currently use a very similar MACD/RSI strategy to the one you described however I am looking more for reversals. I have noticed a tendency for the weekly price to have at least one, if not more, major swings from an oversold to overbought (or vice versa). I monitor the fundamentals and also the MA's (5/20) to get a clue for direction. Use the MACD cross to confirm the buy. Use trail stops and keep it tight when the price gets to overbrought (oversold) situation. The money management part still needs some tweaking. It worked exceptionally well up until the EUR started really tanking a few weeks ago. I know this needs a lot more refinement but I think its definetly something. I also try and use a quick scalping strategy on the 5 min which may have some potential.

hi knocks420, when attempting in afternoon yesterday I had a couple 3 pip losses, so am equity-wise back to zero. But in looking at charts during movements in early part of morning I see what I did wrong! It's foolish to presume one can suck blood out of a turnip (i.e., afternoon dead market time), so I think this has to be one of the rules before starting-up a 5Min bar scalping, market needs had moved some decent degree, then a slanted macd oscilator plus rsi slanted same says "there's power there babe!" lol

Weekly, wow, that's way out there knocks, seems just in thought that any system you'd have to have a big enough account to handle the risk-money-management, as the swing during a week can cut into it bad, and such a system would not be so good on annual returns. Think the pro concensus is the smaller tye periodicty system the more pip gain per month can be had, until you start gettin' into 5Min and shorter where system vs. pip-spread is another battle that enters the arena. Just my thoughts, for it's 2 cents worth.

[Batcheler]

Just did it for 15 mins this 3:25amPST, did it in 3 bites, 5, 3, and 3. Seems a bit wavery so each time didn't want to over-step my luck. But ultimately got my daily dosage. First looked and saw the few bars of a downtrend, so seeing that looked for minus slant on macd oscillator and rsi. Each time going for a scalp bite, afterwards, downtrend action didn't stop, so I went back in. I think the waveryness is the back-'n-forth tug of all the thousands of other scalpers, no doubt. I use 10 pip stop_loss, so worse could happen is with surprise splash one losses for yesterday too.

[tntrader]

I have an expert that uses a method similar to that. It has worked extremely well for me over the past 2 weeks.

[Batcheler]

Originally Posted by tntrader

I have an expert that uses a method similar to that. It has worked extremely well for me over the past 2 weeks.

are you refering to 5Min scalping or longer periodicties? can you share more on that? thx for your inputs tntrader.

[Batcheler]

Trade Sig Daily Bar (5/31)

none yet, as new macd+rsi pure TA strategy system, with no name yet, is still in a Short from 5/12, so we'd have to wait for something new.

[knocks420]

Hey,

Question for you, how much leverage are you using per trade? I believe you said you are using a 10 pip SL? I'm in two positions right now, both down -6 pips with a 10 pip SL. Hope things change so I can get some sleep!

[Batcheler]

Originally Posted by knocks420

Hey,

Question for you, how much leverage are you using per trade? I believe you said you are using a 10 pip SL? I'm in two positions right now, both down -6 pips with a 10 pip SL. Hope things change so I can get some sleep!

correct, but perhaps even I myself am jumping-the-gun on lack of experience to do real-dough, so may try doing demo for more practice/observation. I too just lost 7 pips tonite, it was 11:47pmPST, and again I got anxious to do trade when market strength/energy too lite.

[Batcheler]

Obviously this nameless Daily_macd+rsi is still in a trend, to be only gotten out of some day by a trail_stop. I run the strategy each day with new bar data anyway. It's still, obviously, in a Short. Nice thing too about a neat straight strategy to run is its answer is in 30 sedonds or less! What a relief for me!

During entry in a trend, one can increase, within prudent limits, the mini or lot sizes count on your demo or real_dough platform to garner larger gain during the trend more. Only when I have the 2.0 version from TD someday will I be able to write a program to simulate that in the strategy.

I now took a jpg screen-shot to show you attached its performance........BACK-TESTED!......Whewwww! lol


+3300 is the top of the green equity curve. THe underwater slow down losing curve during one section in 2004 is about -750 for 1 mini (see red underwater bottom curve), which is easily taken in by 1) during the trends we're doing 2-4 minis, no doubt. And 2) during a flurry of these little losses after little losses, we can simply cut-out 'til better times start rolling again. Note that recent May downtrend is doing nicely!!!!!!

I'm continuing with strategy test variations as we speak, so those periods may improve, although from what I say, need not.

So what you all think, I miss anything? I took a look at the column "drawdown" throughout the different bar by bar moments, doesn't look like anything devastatingly humongous amongst them. I will study those again to figure a stop_loss setting. If there is anything .8% next bar lossy, why, that's already part of the setting in this strategy to cut-out denoted by the empty colored arrows on the chart! So what you see is what you get! So our SL is therefore probably 100 pips, and should ballpark follow what the strategy day by day says to do.

If in a trend like these past days, most often I won't need to post if nothing different, because this kind of strategy simply continues in said trend regardless of nearby and recent ups 'n downs! (HaLeLuYa!!! )

This thread is in longer term recommendations thread dept, so not only was fooling around with 5Min_bars against that, but it's pretty nervy, IF-y, and needing further study, which after all I gone thru, am just happy for this new un-named macd_rsi_daily gizmo! lol

OkYdOkY!?

[knocks420]

JB,

I'm having the hardest time in the world following your posts. Must be the alcohol (I usually look at moneytec at night). Anyway, that -6 turned to a +49 but I only had 1,000 units. I'm trading a real account. The Aussie -6 position I took for +3 pips later turned into 50+ too without coming near SL. I'm kicking myself. Also made +3.5 pips with 30,000 units about 10 minutes ago. I really think this is a winner. Too bad I'm not smart enough to understand your entire post and could pick up on your backtesting strategy results. Their good right??

[Batcheler]

Originally Posted by knocks420

JB,

I'm having the hardest time in the world following your posts. Must be the alcohol (I usually look at moneytec at night). Anyway, that -6 turned to a +49 but I only had 1,000 units. I'm trading a real account. The Aussie -6 position I took for +3 pips later turned into 50+ too without coming near SL. I'm kicking myself. Also made +3.5 pips with 30,000 units about 10 minutes ago. I really think this is a winner. Too bad I'm not smart enough to understand your entire post and could pick up on your backtesting strategy results. Their good right??

Theyr'e for Daily bars.
What are these "1,000" and "30,000" units you're talking about?
Can you tell me what tikes and other conditions you look for to do this other than the macd + rsi info I passed on? Would appreciate because I seem real lame re: time to try this 5Min stuff at wrong time of market action. THx knocks.

[knocks420]

I'm trading actual dollar values on the Spot market, not futues. 10,000 units = $1/pip, $30,000 = $3/pip. Trading an RSI/MACD on 5 minutes is hairy, especially with large leverage. I would like to trade with the overall trend however I have made some money going against.