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omersiddique  

Any chance you can make it so that we can select how far below or above the zero line the lines cross before alerting? I'm finding if it crosses below 0.05 on CADJPY it gives a more reliable signal.


Have you tried using the zigzag indicator and putting it below/above the last structure and taking 1:1.5 R:R? might be worth a test.


Couple of comments i left on the YouTube Vid.


Looking forward to hear from you.


Regards,


Omer

Justin Joseph Mcnabb  
omersiddique:

Any chance you can make it so that we can select how far below or above the zero line the lines cross before alerting? I'm finding if it crosses below 0.05 on CADJPY it gives a more reliable signal.


Have you tried using the zigzag indicator and putting it below/above the last structure and taking 1:1.5 R:R? might be worth a test.


Couple of comments i left on the YouTube Vid.


Looking forward to hear from you.


Regards,


Omer

Hi Omer, im just looking at that as a signal and its very rare to have the cross and still be over the 200ema. Im not sure how good it is as it would need to be back tested. Also it is of no use on 4hr plus as the MACD range is expanded. From looking at some charts it doesn't look like it performs much better over time. This indicator is best used with some confluence,  like say you use 1hr signals, structure on 4hr or daily will make it more probable. 1hr structure can also be good in spots that look like a break and retest. The lower the time frame you go, the less probable it becomes.
omersiddique  

Thanks Justin. Understood. Look forward to testing it.


Can you please advise which TFs and and Pairs you trade with this system?


Omer

Justin Joseph Mcnabb  
omersiddique:

Thanks Justin. Understood. Look forward to testing it.


Can you please advise which TFs and and Pairs you trade with this system?


Omer

1hr+ and all pairs. I looks for confluence though like structure and only trade from 8am London time until London close. I find signals after this time not so reliable, especially in early Asian session. Also if there is a signal on a few pairs with the same currency in it, you cannot take all the trades, for example: there is a decent signal on EURUSD, GBPUSD AND USDCAD. Because they are all USD you will be over exposed so best to choose only one. I would say once you get a signal on any pair look and see do you have another confluence for the trade
omersiddique  
Justin Joseph Mcnabb:
1hr+ and all pairs. I looks for confluence though like structure and only trade from 8am London time until London close. I find signals after this time not so reliable, especially in early Asian session. Also if there is a signal on a few pairs with the same currency in it, you cannot take all the trades, for example: there is a decent signal on EURUSD, GBPUSD AND USDCAD. Because they are all USD you will be over exposed so best to choose only one. I would say once you get a signal on any pair look and see do you have another confluence for the trade
Appreciate the advice Justin. Will let you know how i get on!
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