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Simple 5 Min Gold (XAUUSD) Strategy

  • #41
  • May 9, 2014 10:16am May 9, 2014 10:16am
second 1:1 for today, price almost touched my sl on demo, but it reversed and i closed for a 1:1. loving this thread so far. Just one question, if i compare the macd(1,13,1) and (5,13,1) the last one seems to be way easier to trade... any reason for the (1,13,5) or can i just use the (5,13,1)?

keep up the good work!
  • #42
  • May 9, 2014 10:35am May 9, 2014 10:35am
Quoting nevie2
second 1:1 for today, price almost touched my sl on demo, but it reversed and i closed for a 1:1. loving this thread so far. Just one question, if i compare the macd(1,13,1) and (5,13,1) the last one seems to be way easier to trade... any reason for the (1,13,5) or can i just use the (5,13,1)? keep up the good work!
Its ok. But purpose of mine settings for MACD is to peoper adjust highs and lows as compared to Price highs and lows... Sorry English is not my language, I don't know how I explain .

Simple look at lowest or highest candle then compare it with MACD Curve.. MACD highest or lowest bar should be under the price highest or lowest ..

Hope you understand,, if not then I will explain with images .
  • #43
  • May 9, 2014 10:48am May 9, 2014 10:48am
i think everyone would benefit if you could explain it with a image or 2, i see your from pakistan so it's quite understandable your english isn't that good, no problem.

anyway if you clarify your last post and what you mean by comparing the lowest and highest candle to the macd curve it would be appreciated
  • #44
  • Edited 11:44am May 9, 2014 11:22am | Edited 11:44am
Quoting nevie2
i think everyone would benefit if you could explain it with a image or 2, i see your from pakistan so it's quite understandable your english isn't that good, no problem. anyway if you clarify your last post and what you mean by comparing the lowest and highest candle to the macd curve it would be appreciated
Ok Look , if I set MACD ON 5 Min Chart wuth these settings ( 5 , 13 , 1)

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and if I set MACD ON 5 Min Chart wuth these settings (1 , 13 , 1)

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  • #45
  • May 9, 2014 12:28pm May 9, 2014 12:28pm
ok i understand that, but do u do this to know what is the lowest point, or if the high or low can be used to draw a trendline (so if the the lowest macd wouldn't be the lowest candle, you wouldn't use the low to draw a trendline)

because if i use your settings the lowest point in macd often still isn't the lowest point in price like this:

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here the macd high and price high aren't the same even though the macd is set to 1,13,1 so does this mean we dont use this high to draw a trendline if this happens or do we just ignore this and draw the trendline using the price high?

this should be my last question, thank for you patience
  • #46
  • May 9, 2014 1:00pm May 9, 2014 1:00pm
Quoting nevie2
ok i understand that, but do u do this to know what is the lowest point, or if the high or low can be used to draw a trendline (so if the the lowest macd wouldn't be the lowest candle, you wouldn't use the low to draw a trendline) because if i use your settings the lowest point in macd often still isn't the lowest point in price like this: {image} here the macd high and price high aren't the same even though the macd is set to 1,13,1 so does this mean we dont use this high to draw a trendline if this happens or do we just ignore this and draw the...
Your doubts are also my doubts but English is not my thongue so I usually wait for someone else to ask

Keep asking if is not a problem for rozeweb...
  • #47
  • May 9, 2014 2:25pm May 9, 2014 2:25pm
Quoting nevie2
ok i understand that, but do u do this to know what is the lowest point, or if the high or low can be used to draw a trendline (so if the the lowest macd wouldn't be the lowest candle, you wouldn't use the low to draw a trendline) because if i use your settings the lowest point in macd often still isn't the lowest point in price like this: {image} here the macd high and price high aren't the same even though the macd is set to 1,13,1 so does this mean we dont use this high to draw a trendline if this happens or do we just ignore this and draw the...
Hi, Nevie2, I know using these settings some curves are not exact as price. But those are less than using default settings( 5 , 13 ,1 ) . You can check yourself.
Settings ( 1 , 13 . 1 ) are more accurate than default settings ( 5 , 13 , 1)

2nd it is not most important , we have to see only price highs lows and MACD highs lows .

3rd , you can ask questions as many as you want . Questions will increase your and other traders knowledge including myself .
  • #48
  • May 10, 2014 2:13am May 10, 2014 2:13am
I think an additional thing is, the MACD is an Oszilator which means that when the market is losing some volatility and "power" MACD will show this in a divergence. Whichs means furthermore, price is making a higher high but the MACD bars are lower...
I think that is a point which we have to include in our thinking and looking on the screen.
  • #49
  • May 10, 2014 2:39am May 10, 2014 2:39am
Quoting Jeffray
I think an additional thing is, the MACD is an Oszilator which means that when the market is losing some volatility and "power" MACD will show this in a divergence. Whichs means furthermore, price is making a higher high but the MACD bars are lower... I think that is a point which we have to include in our thinking and looking on the screen.
Hi Jeffray

Thanks for your idea. I am already discussed this and I have opened a new thread for Divergence " http://www.forexfactory.com/showthre...87#post7460887 " I will mix both strategy and then put some more techniques so we will have an excellent trading system

Just wait for my new update.. and please keep suggesting me new ideas.
  • #50
  • May 12, 2014 2:44am May 12, 2014 2:44am
No Indicator, Simple strategy .. 10 pips profit

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  • #51
  • May 12, 2014 5:23am May 12, 2014 5:23am
Another more than 25 pips ...

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  • #52
  • May 12, 2014 7:59am May 12, 2014 7:59am
Sir, how is your Trendline, mine as below as I was observing if there was a potential double top so I drew it.
But when price's above 200MA, probably I won't short it. Followingly it breaks to go up for 60+pips.

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With harmony & happiness, you are trading.
  • #53
  • May 12, 2014 8:22am May 12, 2014 8:22am
Quoting Brucel0304
Sir, how is your Trendline, mine as below as I was observing if there was a potential double top so I drew it. But when price's above 200MA, probably I won't short it. Followingly it breaks to go up for 60+pips. {image}
Great Work . 200 EMA is an additional filter.

But you can still get quick 10 pips after closing the candle

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  • #54
  • May 12, 2014 10:45am May 12, 2014 10:45am
Looks Good Setup Let's see what happen

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  • #55
  • May 12, 2014 12:42pm May 12, 2014 12:42pm
Trade work on divergence but not with Trnedline breakout ..

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  • #56
  • May 13, 2014 6:55am May 13, 2014 6:55am
took this trade on my demo account a short while back:

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simple 1:1 rr trade again, good stuff so far, will keep at it.
  • #57
  • May 13, 2014 7:29am May 13, 2014 7:29am
Hi Nevie2,
That is really good trade and how did you get the blue arrow? I loaded the indicator, but i am not getting that. is there any seprate indicator needs to be added? if yes, can you please post it?

regards
velli
  • #58
  • May 13, 2014 8:00am May 13, 2014 8:00am
nope definitely no indicator, it's just a standart mt4 arrow (with slighly different setting wich don't matter at all) to make it more clear on the chart what i'm doing, you probably know but you can find them here:

Attached Image
  • #59
  • May 13, 2014 8:13am May 13, 2014 8:13am
Thanks Nevie2,
I got it now. I thought the indicator is giving an indication. it looks you drawn the arrow yourself. No problem
  • #60
  • May 14, 2014 2:55am May 14, 2014 2:55am
Again 40 Pips profit

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