It's funny... no matter where you go, there is always SOMEONE who will tell the BUMBLEBEE he can't fly because his body is too big for his wings.
The BUMBLEBEE just keeps on flying.
Day-Trading 2.0 for small traders
- Thread starter jjrvat
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It's funny... no matter where you go, there is always SOMEONE who will tell the BUMBLEBEE he can't fly because his body is too big for his wings.
The BUMBLEBEE just keeps on flying.
The COLORED MACD bars may make it even easier to see.
Bright green, means increasing above the line and Bright red measind decreasing below the line.
In other words, long on bright green, short on bright red.
Exit when color turns from bright to dark.
You're missing my point...
MACD is just another way of looking at it... makes it easy to see/understand.
No, you don't need the MACD, not really.
But as a VISUAL AID and LEARNING TOOL, it sure is simple to see when to go long, sell, go short and cover.
Now, I'm just having way too much fun!
My new MOVING AVERAGE HEAT MAP shows what moving averages are on top...
I have a switch so it can by row by col or col by row.
I like col by row... I look at the 5 column and see INSTANTLY if the MA(5) is above or below all the other moving averages.
You get a different look on the H1 chart period.
I'll be quiet for a while unless someone asks me a question.
P.S. The yellow line is the EMA(240) that's why the 2 by 5 is green. The other line is the LWMA(240) which is above the EMA(240). HEATMAP just uses the EMA (for now).
Quote from TheRumpledOne:
The COLORED MACD bars may make it even easier to see.
Bright green, means increasing above the line and Bright red measind decreasing below the line.
In other words, long on bright green, short on bright red.
Exit when color turns from bright to dark.
Sorry. That doesn't work.
Given that the earliest you could enter using your rules is on the SECOND bright green or red bars (because a bar can change from bright to dark during its creation based on how the market moves), the rules you described are illustrated here.
Each vertical line goes from the bar AFTER its trigger. We are assuming perfect fills at the opening of each candle.
Horizontal lines have been drawn at the entry price for each position (the opening of green and red candles associated with the triggering bars of the MACD).
This strategy is not profitable, especially after commissions, for the chart posted.
edit - the strategy would be profitable if one could enter at the bigging of the candle which causes the MACD signal bars to change to bright or dark, but obviously that's impossible because you would be entering before confirmation.
A lot of charts that look amazing are realized to be unprofitable after you consider when you can actually enter.
edit - sorry this chart is really sloppy because I made it in a hurry, but you can see of the long trades, there are 3 profitable and 10 unprofitable, and of the short trades, one profitable and 1 unprofitable. Add up the ticks and subtract commissions (or not) and it's not profitable.
Maybe some modification of:
Go long when:
a) Slow MA is up
and
b) Fast MA is up (not yellow)
and
c) MACD changes to bright green
Exit when:
1.
a) MACD changes to dark green.
Or possibly:
Exit when:
a) MACD changes to dark green
OR
b) FastMA changes to not sloping upward
OR
c) SlowMA changes to not sloping upward
Go long when:
a) Slow MA is up
and
b) Fast MA is up (not yellow)
and
c) MACD changes to bright green
Exit when:
1.
a) MACD changes to dark green.
Or possibly:
Exit when:
a) MACD changes to dark green
OR
b) FastMA changes to not sloping upward
OR
c) SlowMA changes to not sloping upward
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