StockFetcher Forums · General Discussion · Kevin_in_GA Question on the MACD (2,3,1)<< 1 2 >>Post Follow-up
einok
msg #85820
Ignore einok
1/8/2010 1:49:52 PM

Hi Kevin,

Saw your post on
6/2/2009 7:16:25 PM

***Question****
Can you tell me the entry and exit criteria for this filter, both long and short?

Thanks
Erik

However, I prefer the following (thanks to M4M for the concept):

Fetcher[

show stocks whose weekly MACD Histogram(2,3,9) crossed above 0 1 day ago
and close is above 1.00
and draw weekly MACD(2,3) line at 0
]




I like this much better - earlier entry into stocks with upward momentum, and earlier exit if they run out of steam. Run this on almost any stock for the past three months - you'll find it to be surprisingly profitable.



Kevin_in_GA
4,548 posts
msg #85827
Ignore Kevin_in_GA
1/8/2010 6:30:15 PM

Gosh, I haven't used this one in a while. Not because it was bad or anything, but I felt that with MACD's you were looking too much in the rear-view mirror.

That why I shifted to Bollinger Bands in August, and more recently to VIX, volume and broader market signals that hopefully are more timely and accurate.

As the the answer to your questions, I would enter and exit at the close on the day the crossover occurred. I actually made good money using this on gold, silver and oil ETFs over the summer.

BarTune1
404 posts
msg #85831
Ignore BarTune1
modified
1/8/2010 8:02:01 PM

Kevin,

Seeing as you said you had luck with the commodities, I applied the above filter to symlist(gld,slv,oil) only.

I looked at a 12 month chart. It looks extremely profitable buying or selling those ETFs on the crossover.

Seems to catch all the swings; and, fairly early at that.




choymi8828
47 posts
msg #85836
Ignore choymi8828
1/8/2010 9:29:24 PM

Bartune1 / Kevin,

Please provide the location for the filter that Bartune1 mentioned in the earlier message for symlist(gld,slv,oil) only. T
hanks a lot.




Kevin_in_GA
4,548 posts
msg #85838
Ignore Kevin_in_GA
1/8/2010 9:35:09 PM

In review, I would agree. I was using this to time plays on the 2x leveraged ETFs on all three commodities.

The challenge in reviewing the data is that the final value of the MACD is not determined until the end of the week, so you have to be careful in thinking that you get the signal as early as it looks on the charts. More accurate would be to use weekly charts to review, and recognize that you could enter at the end of the week when the MACD signal is triggered. I would try to anticipate the weekly result, and got burned a few times (sounds familiar to many here).

Kevin_in_GA
4,548 posts
msg #85839
Ignore Kevin_in_GA
modified
1/8/2010 9:46:33 PM

choymi8828:

It is the filter in the first post. However, I would rewrite it as follows:


Fetcher[

chart-display is weekly
chart-time is 1 year

draw weekly MACD(2,3)

add column weekly MACD(2,3)

symlist(gld,slv,oil)
]



This puts it in weekly timeframe, and lets you see things a bit better.

BarTune1
404 posts
msg #85842
Ignore BarTune1
modified
1/8/2010 10:34:42 PM

Kevin,

I was playing around and used this filter in which you could pin-point a trigger day.

/*BUY or SELL EOD UPON CROSSOVER*/

symlist(gld,slv,oil)
show weekly MACD Histogram(2,3,9)
and draw weekly MACD(2,3) line at 0

chart-time is 12 months

I only have "chart time is 12 months" so I could review the signals that were triggered and commodity price action after the trigger. I now have this saved as filter with "chart-time 2 months" as its easier for me to read and I have already, to my satisfaction, validated the signal.

I will keep an eye on this one and likely take a shot next time one of these triggers.


mystiq
650 posts
msg #85853
Ignore mystiq
modified
1/9/2010 2:45:41 AM

try this:

Fetcher[
draw weekly MACD(2,3,1)
draw weekly MACD Histogram(2,3,2) on plot weekly MACD(2,3,1)
draw MACD (2,3,2) on plot weekly MACD(2,3,1)
volume > 30000000
]



Kevin_in_GA
4,548 posts
msg #85858
Ignore Kevin_in_GA
1/9/2010 8:08:17 AM

Now I remember why I stopped using this.

A simple test - does this beat using the standard 12,26,9 settings on the daily MACD? If so, it gives you a small advantage. If not, no need to use it.

Fetcher[

draw weekly MACD(2,3,9)
draw MACD(12,26,9)
symlist(gld,slv,oil)
]



Looking at the two MACD's there is no advantage, in fact you are probably at a disadvantage since the true weekly signal is not settled until close on Friday (which means you need to commit ahead of its final setting at some point during the week to match the standard MACD signal).

Going back through the start of 2009, I discovered that you did as well or better using the standard MACD. More risk, less return - THAT is why I started looking elsewhere for guidance.

gmg733
621 posts
msg #85865
Ignore gmg733
1/9/2010 10:13:23 AM

I use MACD(2,3,1) and it is a very reliable signal. Enter at 0 or a cross and a sharp RSI(2) move up. Exit either at MACD divergence or a recross of the 0 line. If you aren't a screen watcher, simply see the close above the EMA(5).

If you are a swing trade, you'll have the MACD confirmation on the day of the confirmation candle usually. Go find a swing trap and see how MACD behaves. If it doesn't go north, you pretty much know it is a swing trap. I am assuming too that you've identified the overall trend. :)

StockFetcher Forums · General Discussion · Kevin_in_GA Question on the MACD (2,3,1)<< 1 2 >>Post Follow-up

*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.


Copyright 2016 - Vestyl Software L.L.C.Terms of Service | License | Questions or comments? Contact Us
EOD Data sources: DDFPlus & CSI Data Quotes delayed during active market hours. Delay times are at least 15 mins for NASDAQ, 20 mins for NYSE and Amex. Delayed intraday data provided by DDFPlus