Using MACD, Stoc, and RSI all together.

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monkey180

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Hello All,

I have been SB the FTSE 100 for a couple of months now, on the 15m TF (90,110,15) MACD, and on a 2 - 5 Min MACD.

And I have found that the MACD can produce very good results, and very bad ones.

I found that you can make profits as long as you increase the size of your next bet, after a loss however this is very nerve racking, and feels like reckless gambling. And a spiral of this = blown account.

And I am now after some advice on how to combine these 3 indicators.

Is it basically, RSI in oversold, MACD Long Cross, and Stock Long Cross and then go Long / Visa Versa?

Thanks
 
Don't use them. They are of no use.

Have you ever heard of cause & effect? The effect is the price action you see - but what is the cause of the action? If you can understand what caused the price action that you see historically, you can start to think about the causes currently in place and what effects they may have on price.

Those are the sort of terms you should be thinking in.

All this maths stuff is pure mumbo-jumbo...


Still - if you want to look at different things, then here's a list:
Price
Volume
Volume Profile
Cumulative Delta
Time & Sales
DOM/L2

All show something different and all can be used to help you make a decision.
 
HI there,

Thanks for your reply, if you could just explain a little more on how you can use the list you said to make decisions.

Still - if you want to look at different things, then here's a list:
Price
Volume
Volume Profile
Cumulative Delta
Time & Sales
DOM/L2


Thanks
 
Let me help
He uses:
Price
Volume
Volume Profile
Cumulative Delta
Time & Sales
DOM/L2
Common Sense
Indicators=waste of time

Good Luck
 
I've said to you before and i'll say it again, learn to trade.

I'm not being a dick but if it was easy and you could just follow indicators we'd all be billionaires

Without knowing how to trade the indicators mean nothing, but you always ignore my advice
 
the old debate rears it's ugly head again. are indicators b0llocks?

imo the MacD is useless in isolation. but you would been a tarder if you used it on it's own.

the markets are full of patterns.

plenty of ways to skin a cat.
 
Last edited:
I think for a lot of these indicators, after using them for a while you get to know what the indicator would look like just from the price. But like you say, whatever works for you.

I spent years with stochastics on my chart; every month that went by I seemed to find more and more exceptions when not to use it. One day I woke up and said, what the hell is this on for?
 
tarders who say indicators don't work are talking guff. See pic of my set up.
 

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Jason101 said:
I think for a lot of these indicators, after using them for a while you get to know what the indicator would look like just from the price. But like you say, whatever works for you.

I spent years with stochastics on my chart; every month that went by I seemed to find more and more exceptions when not to use it. One day I woke up and said, what the hell is this on for?
Click to expand...

this

I have a macd on lower time frame charts, ichi moku on a weekly and the longest time frame (3 months, 4 hour candles) no indicators at all

I like using the macd divergence as a signal to possibly look at a trade although the decision is always made based on where I think buyers/sellers are lurking
 
Jason101 said:
omg
Click to expand...

yes it can be daunting to look at but once you get your head around it you can double your money every month. The great thing is with so many indicators it's never long to the next trade.:eek:

My proprietary indicators and templates are all available for $4995 (numbers limited)
 
MajorDutch said:
yes it can be daunting to look at but once you get your head around it you can double your money every month. The great thing is with so many indicators it's never long to the next trade.:eek:

My proprietary indicators and templates are all available for $4995 (numbers limited)
Click to expand...

:LOL:
 
If you want a decent system using MACD, check out Alexander Elder's Impulse System.

It works for me. I use it on the E-mini's with a 15 minute chart, an ADX over 25, and a rising 130ema as a long filter/ falling 130ema as a short filter.

It's a beautiful system.
 
monkey180 said:
Hello All,

I have been SB the FTSE 100 for a couple of months now, on the 15m TF (90,110,15) MACD, and on a 2 - 5 Min MACD.

And I have found that the MACD can produce very good results, and very bad ones.

I found that you can make profits as long as you increase the size of your next bet, after a loss however this is very nerve racking, and feels like reckless gambling. And a spiral of this = blown account.

And I am now after some advice on how to combine these 3 indicators.

Is it basically, RSI in oversold, MACD Long Cross, and Stock Long Cross and then go Long / Visa Versa?

Thanks
Click to expand...

I would NOT use RSI and Stoch as they are both oscillators. Pick one. Use the oscillator to enter and add to postions on the side of the MACD indicator.
 
Hi there,

Many thanks, I think the most profitable way is to try and trade with the trend.

For the FTSE 100 I am using the 100 EMA on 15 Mins, as finding the trend, what other ways can I try to find the trend accurately?

And also avoid the times when the market is sideways and choppy.


Thanks
 
One of the problems with indicators is that each indicator line is an average of a number of different values produced by repeating each calculation for each tick. If you program an EA carelessly, if will pick up the value from one tick which may be way different from the average value you see depicted by the line.

Another indicator problem is the time lag. By the time an indicator movement is able to be shown, events have moved on. This is not such a problem for longer term EAs but is a disaster for scalpers.
 
999cjb said:
One of the problems with indicators is that each indicator line is an average of a number of different values produced by repeating each calculation for each tick. If you program an EA carelessly, if will pick up the value from one tick which may be way different from the average value you see depicted by the line.

Another indicator problem is the time lag. By the time an indicator movement is able to be shown, events have moved on. This is not such a problem for longer term EAs but is a disaster for scalpers.
Click to expand...

Are you a hardcore PAA only guy?
 
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