Results 1 to 6 of 6
  1. #1
    Rookie Member sanecx's Avatar

    Macd/rsi/bollinger ema !!!



    Hey all.

    New to this and I really wanted some advice. I have read a few posts on here to find what I wanted but I have not been able to locate exactly what I am looking for.

    My Set-Up:

    1 minute chart with a standard Bollinger (BB), RSI-14 and standard MACD with hist.

    5 minute chart with standard BB and MACD with hist.

    My Strategy:

    1) Find the trend on the 5 minute chart by looking at the MACD.

    2) On the 1 minute chart, the MACD must be trending in the same direction as the MACD on the 5 minute chart.

    3) On the 1 minute chart, the RSI must be above/below 50 (depending on the trend being observed)

    4) If the above have been met, the entry must be one candle after the candle that crosses above/below (depending on the trend being observed) the BB MA. This point is important because I have found if the candle does not cross through the MA then the trade will fail.

    5)Expiry 5 minutes but it also works on 20 minutes (not tried on high timeframes however I can only expect it to work)

    I have backtested this strategy and it has had 100% success. In demo-mode, 100% success too.

    Now, I know that not all variables can be taken into account thus no strategy can be 100%, what I am looking to know is if anyone has tried exactly the same strategy or can better this one and how useful/successful it has been.

    Also, I found that if I skip step 1 and concentrate on 1 timeframe, I can trend in both directions, irrespective of the long-term direction as long as the points 2 and 3 are met and there is a strong enough trend for a reversal move - but I have not fully tested this and though present tests show it effective, I would appreciate any advice on this.

    I do feel it is quite simple but works well (so far in real-time trading I have had 12/12 (100%) success on the original strategy above) and can be a good way to take small trades and build up funds. It is more solid as less volatility in movement in high timeframes.

    Anyhoo, hope this helps anyone and I would like any feedback on this, good or bad or just know how others go on with it too.

    Dankie.

    Sane


    P.S. I tried to upload images but it keeps failing, sorry.

  2. #2
    Master Member Bogdan G's Avatar
    Well, it's a pretty specific strategy, so no, i havent used it before. However, i believe that multiple time frame analysis is somthing that will raise your ITMs
    Insanity: doing the same thing over and over again and expecting different results. Albert Einstein (attributed)

  3. #3
    Legendry Member Okane's Avatar
    I'm not the best when it comes to MACD and BB but I can tell you that what you need is more testing.
    Test, test test and I assume right now your most focus is on those indies. Once you have done
    a month or two of testing you should also gain some experience in reading the charts and that should boost your results.

    By the way, try to learn all you can about MACD, BB and RSI so you fully understand them.
    Live Webinar: Hidden Content
    Join My Skype Group: Hidden Content

  4. #4
    Rookie Member sanecx's Avatar
    Hey guys,

    Thanks for the input. I couldnt say i know everything about the indicators of my choice but based on the amount i have read up on them, and lack of new info in other material, I would say i am quite adverse in them. But always on the lookout for more info

    It definitely needs more testing and yes it is quite specific but i think that is what makes it quite good.

    I have tried several strategies from this site and others and one thing a lot lack is specificity. Hence why i sought to create something that was as specific as possible. I think in the back of my mind i want this to be as close as 100% accurate hence i posted it on here on hope i can have it thoroughly scrutinised by individuals with experience. I love to scrutinise something until i cannot anymore to see if something can be bettered or whether one should resign oneself that on this occasion it cannot. Either way works but dont we all crave the best

    Anyhoo, thanks peeps. Advice taken on board and love to hear more


    Sane

  5. #5
    Legendry Member milos's Avatar
    Quote Originally Posted by sanecx View Post
    Hey guys,

    Thanks for the input. I couldnt say i know everything about the indicators of my choice but based on the amount i have read up on them, and lack of new info in other material, I would say i am quite adverse in them. But always on the lookout for more info

    It definitely needs more testing and yes it is quite specific but i think that is what makes it quite good.

    I have tried several strategies from this site and others and one thing a lot lack is specificity. Hence why i sought to create something that was as specific as possible. I think in the back of my mind i want this to be as close as 100% accurate hence i posted it on here on hope i can have it thoroughly scrutinised by individuals with experience. I love to scrutinise something until i cannot anymore to see if something can be bettered or whether one should resign oneself that on this occasion it cannot. Either way works but dont we all crave the best

    Anyhoo, thanks peeps. Advice taken on board and love to hear more


    Sane
    http://forums.binaryoptionsthatsuck....2765#post72765

  6. #6
    Specialist Member Million Dollar Baby's Avatar
    Timeframes are very short and sample size is too small to say anything at the moment.

    If you skip step 1, that would negatively impact your strategy. So in my opinion you must keep multiple timeframes in your analysis. As for as improvements are concerned, once you trade more with it, you will get better idea of flaws in this strategy and then you will be able to optimize. As long as it performs well, stick to it.

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3