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I'm looking to use the MACD indicator to do my daily trading, unfortunatley I use the one that come s with Metastock and I back test the stocks and my results are not that great. I'm looking for short term trading withe the MACD. Does anyone have any suggestions how I can improve my trading with using Metastock?
Thank you.
nasdaqtrader |
Regards,
Frank Koenig
Trade Like a Pro
Trend is your Friend |
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The 'vanilla' MACD has never been a huge success, in my book. However, there are a number of variations that have much better success.
Have a read through, cover-to-cover, twice, of the MS Users Manual, then get the Equis Formula Primer and learn to use the MS Formula Language to create your own better working version of the MACD. Jose has already done some work in the vicinity, you can see some of his work: http://www.metastocktools.com/#metastock
Hope this helps.
wabbit :D
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Hi Nasdaqtrader,
I would try to get as much info as I can on MACD.Like Wabbit said read through the formula primer and experiment with your own moving averages .As you'll come to realize that its just a composition of a fast MA - slow MA and then a MA of the result with a zero line.I suggest you plot the 2 MA's on the chart also so you could see how they behave in relation to the MACD.
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Ask yourself: "What do I want the MACD to do for me?"
If the answer is a general "profitable system" response, then don't waste anymore time on this needle-in-haystack pursuit.
Fit the tool to the task, not the other way around.
Journeys without destination can be interesting, but will most likely lead nowhere.
jose '-)
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hey nasdaqtrader.... thats a good question..... how much improvement are you after..... as an example, from a convenient time frame, 2000, till now and 10k starting amount, what kind of returns are you shooting for.... with a realistic number of trades involved, maybe less than a hundred......
macd is almost my favorite .....h
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Jose wrote:Journeys without destination can be interesting, but will most likely lead nowhere.
"The longest journey starts with a broken fan-belt"
wabbit :D
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You might try the ZeroLag MACD or a variation of it... that's what I'm using. Just Google it...
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Here is an interesting MACD setup I use:
For UP bars I use this fml: PeakBars(1,MACD(),29) Color=Green and Style set to Histrogram
For DN bars I use this fml: TroughBars(1,MACD(),29)*-1 Color=Red and Style set to Histrogram
Plot both in an inner window and merge scales.
Just keep in mind the ZigZag effect of the Peak/Trough functions. It is my experience the signal is about 3 bars late but I like the visual effect for confirmation of faster signals. Charley
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Thanks for the help crwinnr5.
I like the macd peaks/trough that arnoldi
wrote back in 1997.
stldesigner
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PEak trough zig zag are not late they are fake. They change the place of the vuy and sell signals. I do not suggest to use them. Their past perfermonce is perfect but trading with them is very risky.
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