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Phillip Nel replied Nov 13, 2008I am watching it — I am watching it and it is crazy. There are some important guys speaking at the moment. Might be the reason.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 13, 2008No Problem — I also get slack and do trades away from the rules. Especially if I have a good month and then are being send back to mother earth with a bang. I just did reduce my stoploss because I liked the setup on that trade.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 13, 2008Crazy — The markets are crazy. Trend traders is hammered. Up then down. One really have to be carefull.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 13, 2008Stoploss — I knew I am going to be hammered for this one. But I wanted to be honest by showing the loss. I liked the setup (engulfing candle)and was anticipating that it wont retrace that far because of the engulfing candle. Well, the story ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 12, 2008Strange — First time I saw that. If you close MT4 and open it again does it still give the gap. I am using MACD v 102 Edit Rightclick on the graph and refresh. That sometimes help
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 12, 2008Very good — yes, there were very good 1H TC signals.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 12, 2008Trade — The candle close was 1.2642 on my platform. By the time I took the trade the price came down as I did not took the trade exactly at candle close and opening of the next.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 12, 2008Yes — I would have taken it if the EurUsd did not give a signal. I would have been stopped out.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 12, 2008EurUsd Trade — I got stopped out on this trade for -45pips. I split my stoploss into 30 and 60pips. TC off the 8ema. This is part of the game.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 11, 2008Trade — The signal TC candle was the breakout candle and the fact that it was a TC helped me to take the trade. If there were no MACD confirmation I would have waited for a pullback.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 11, 2008EurUsd Trade — Breakout of triangle giving a TC signal. Stoploss can be made smaller just above the breakout level Entry 1.2635 Stoploss split(30 and 60) average 45 TP at 161% Fib at 1.2500. I will watch 1.2600 closely Edit 1 1.2600 reached. ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 10, 2008Risk Reward — I work the Risk:Reward ratio out according to what the graph tells me and not on the lots I entered. It tells me if the trade is worth it or not. I enter on that and then scale out with 2 profit takings and sometimes I let both ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 10, 2008Bubble Created by the Mafia — Economic boom - a fable..? Once there was a little island country. The land of this country was the tiny island itself. The total money in circulation was 2 dollars as there were only two pieces of 1 dollar coins ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 10, 20083-4 Bars — I personally like the Zerobreak to be not more then 4 bars.
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 9, 2008Original Backtesting — When I did my original backtesting before going live testing the ratio was pretty close to what yours are showing. I got a figure of 70% to 30%. When I did some filtering like R:R ratio as well as trendlines and market ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 9, 2008Reducing amount risk per pip — I agree 100%. It is better to reduce the amount of risk in terms of position size than splitting up the stoploss. It is more of an emotional easing that I introduced this type of stoploss. When the candle is huge ...
4 Hour Strategy (MACD)
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Phillip Nel replied Nov 8, 2008Stoploss — Yes you are correct. But there are many different ways in doing a stoploss according to each traders risk profile. Do some backtesting and see how many TC signals were given this year and how many of the next candle did retrace ...
4 Hour Strategy (MACD)