Hi mike, I'm not using a MT4 broker (I'm using GFT and ABN AMRO) and my main chart where I conduct my analysis is MIG (trying to match Phillip Nels setups while following this great thread), but I also experiment with watching the 4H setups on other ...

4 Hour Strategy (MACD)

maxster, is that the sequence you would have looked at during the anticipation of a 4H TC, drilling down through the timeframes pinpointing an entry? 4h: breakdown through tl, then 200sma, retracement at least to 200sma anticipated, and following TC ...

4 Hour Strategy (MACD)

Thanks again Yorik, very cool features, and presented in a very clear way, it's a great help using this tool. Kind regards

4 Hour Strategy (MACD)

thanks, I'm currently experimenting with different platforms, IBFX (GMT), FXDD (GMT+3), and MIG (currently GMT+2), and on the IBFX candle close at 8pm the signals showed green light. Closed the trade due to low activity.

4 Hour Strategy (MACD)

I closed the position because it's sleep time and I don't want to let this trade unattended. Ok, the rule states that if price moved through the 89ema it tends to retrace to the 21 (or to 89sma if 21ema is above the 89sma), but price is very slow at ...

4 Hour Strategy (MACD)

GBP/USD MACD showing AT Price bouncing from 1.9700 level and trendline support Open price: 1.9729 long SL Price: 1.9680, SL: 49 pips TP price: 0.5/1.9750, 0.3/1.9795, 0.2/1.9860, TP: 56 (21, 66, 131) pips R:R-ratio: 1.14. Conclusion: trade is OK. ...

4 Hour Strategy (MACD)

Thanks, I like playing around with this EA, it's so much fun now to calculate R:R and to think about potential trades, stoploss, profit targets!

4 Hour Strategy (MACD)

Quiet week — Yes, it was a quiet week for me too, and I notice how I am starting looking for trades, but could withstand the (strong) urge for now to drop to lower timeframes until I get a better understanding of the 4h system.

4 Hour Strategy (MACD)

4HChanceEvaluator — Yorik, when I activate the Write2File it seems to produce quite a lot of txt files which I need to clear out of the files folder regularly, now I switch on the EA only if I look at a potential setup, and after that I delete ...

4 Hour Strategy (MACD)

In the txt file '4HChancesEvaluator' Yorik explains it very well how and what levels need to be set, at least dSLPrice (Stoploss) and dTarget1 (1st take profit level) otherwise 1st tp is 20 pips

4 Hour Strategy (MACD)

Hi Yorik, this EA is great, making the potential entry process so clear and easy to overlook... and being able to evaluate the trade itself in a much more objective way, thanks a lot for that!! One question though: how and when and to what location ...

4 Hour Strategy (MACD)

I like your very systematic approach, I'm inspired! I did it mostly mentally, but writing it down actually is a great training and keeps much more focused on the task.... As to the EUR/USD setup I' m not sure about that 1.6000 area, even though a ...

4 Hour Strategy (MACD)

USD/JPY long 103.30 looked like a good setup bounce of 103.00, tl, long wicks off 21ema 1hr charts shows bounces from 89 stop loss below recent lows, I know it's a big s/l -69 pips

4 Hour Strategy (MACD)

USD/JPY (13:50 GMT) potential setup? 16:00 (GMT+2) candle close in ten minutes MACD could close with positive bar, ZB trade Bounce of 21 and support

4 Hour Strategy (MACD)

Great TLs Nigel, thanks for pointing them out, with the bigger picture it makes more sense again

4 Hour Strategy (MACD)

Well I suppose I underestimated the power of last 4h candle bouncing from tl support and 61.8 fib, and closing back up above 89sma. But somehow I'm happy with my decision to stay out and to apply the rules as how >I understand them up to this point. ...

4 Hour Strategy (MACD)

GBP/USD - VT at 12:00 candle close (GMT+2) - nice bounce from trend line, but the tails of the previous 3 candles were suggesting further down move, 89 acted as support, becoming resistance - current candle may close below 21 and large stop loss of ...

4 Hour Strategy (MACD)

thanks luckytiger, indeed it's a good thing to be reminded of the rules on a regular basis, sometimes the mind just goes blank in the chaos of emotions

4 Hour Strategy (MACD)

GBP/USD — Looks like there was a 'lower high' signal back to the 200sma: -MACD making lower high -Stop loss 38, profit target 50, R 1:1.3 -signal candle close just below 2.000 -Rule: after price moved through the 200 it tends to test the ...

4 Hour Strategy (MACD)

No, I never had a MT4 crash, I can copy the template to different platforms, and they work fine... You may try this one, it uses MACD_Colored_v103 for 4hr charts (5,13,1) and MACD_Colored_v102 for 1hr charts (8,13,1)

4 Hour Strategy (MACD)