Hi,
I have a question to propose to everyone that is based on the infamous cross signal. I notice that a lot of people when posting their systems use crosses that happened in the past to show an entry point. I also noticed that the cross happens because the candle after the cross.
So the entry point is at the cross in the history, but wasn't a cross until the candle after. So everyone if taking that signal would be at least 1 candle late which could screw up at least 20% of the back testing and make what looks to be a good cross system, a terrible one.
Also, when forward testing, if a cross appears, and the signal is taken just to find out that the candle after the cross actually removes the presence of the cross all together!
I hope i made that clear to understand.
I have concluded that cross systems are garbage! Price is the ultimate indicator in my book.
I also wanted to state that i have been demo trading for a year and a half off and on and have never been consistently profitable for more than a month and a half.
I would like comments and criticisms. And maybe if someone could show me an indicator that doesn't change its mind weather there was a cross or not the day after i take the damn trade!
Take it easy everyone and happy trading!
I have a question to propose to everyone that is based on the infamous cross signal. I notice that a lot of people when posting their systems use crosses that happened in the past to show an entry point. I also noticed that the cross happens because the candle after the cross.
So the entry point is at the cross in the history, but wasn't a cross until the candle after. So everyone if taking that signal would be at least 1 candle late which could screw up at least 20% of the back testing and make what looks to be a good cross system, a terrible one.
Also, when forward testing, if a cross appears, and the signal is taken just to find out that the candle after the cross actually removes the presence of the cross all together!
I hope i made that clear to understand.
I have concluded that cross systems are garbage! Price is the ultimate indicator in my book.
I also wanted to state that i have been demo trading for a year and a half off and on and have never been consistently profitable for more than a month and a half.
I would like comments and criticisms. And maybe if someone could show me an indicator that doesn't change its mind weather there was a cross or not the day after i take the damn trade!
Take it easy everyone and happy trading!