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Golden-Cross Trading-Idea

  • #61
  • Mar 3, 2023 5:57am Mar 3, 2023 5:57am
Quoting T4Trade
Hello friends and SwingMan sir, As you are using crossing of two LWMAs (Linear Weighted MA) calculated with period 5 for Open and Close, we are very well aware of the fact that market is ranging more to trap the retail traders than going onto trend direction, so in my opinion if you can make the option of selecting the 3 time frames in the indicator and the indicator would draw a horizontal line on the highest time frame selected in the setting.so if we are in smaller time frame,we know that higher time frame cross is intact and another horizontal...
I don't know exactly why you should do that. Will think about it.
In my chart you can see very easily with the background colors which signals are to be traded exclusively.
  • #62
  • Mar 3, 2023 5:59am Mar 3, 2023 5:59am
Hi SM, I agree, the secret of success in trading is to teach the mind on thinking in multi time frame.ma
I use to trade from lower TFs confirmed by higher ones. The key is to watch what is happening in higher time frames from a lower chart.
In my humble oppinion and my poor english, Theres one thing that could make the difference in the actual Indicator you are building. It would be to option to draw the MAs and the crosses joint to everything else, from a current chart to Current+1TF, Current+2TF or even to +3TF.
The benefits would be to get into a trade of Higher TF from a lower one, decreassing the SL and increassing TP RATIO. Same risk, higher benefits.
It will erase the noise of the multi crosses on ranging market too.
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  • #63
  • Mar 3, 2023 6:01am Mar 3, 2023 6:01am
New version "smGoldenCross Signals_v3.3"

Some corrections have been made.

I believe that the signals/alerts are correct now.

Because in sideways zones the predicted close for a bar can move back and forth, it is recommended to take an offset to the entry (e.g. Offset_forEntrySignal=10).

For these sideways zones one should have a filter for false signals.
I will present something, but other suggestions can also be considered.
Attached Image (click to enlarge)
Click to Enlarge Name: GoldenCross-7.png Size: 38 KB
Attached File(s)
File Type: ex4 smGoldenCross Signals_v3.3.ex4   41 KB | 808 downloads
  • #64
  • Mar 3, 2023 10:08am Mar 3, 2023 10:08am
Quoting SwingMan
{quote} I don't know exactly why you should do that. Will think about it. In my chart you can see very easily with the background colors which signals are to be traded exclusively.
please consider my request because the background color repaints ,so i wouldnt trust the background color of small time frames.thanks
  • #65
  • Mar 3, 2023 10:14am Mar 3, 2023 10:14am
Quoting T4Trade
{quote} please consider my request because the background color repaints ,so i wouldnt trust the background color of small time frames.thanks
I think you will understand that I should now program my idea to the end.

In the meantime I'm thinking about your or other suggestions and if something is interesting I'll think about programming it.
  • #66
  • Edited 10:47am Mar 3, 2023 10:20am | Edited 10:47am
SM, Your trade system is simply amazing. Thanks

if it would be possible, to have the crossing signals of higher time frames in lower time frames charts, the all the minor noise will be erased and entries, multi confirmed, would be awesome.

My english is not very good, hope to be useful, what I meant to say. Thanks again
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  • #67
  • Mar 3, 2023 1:01pm Mar 3, 2023 1:01pm
Quoting ASniper
SM, Your trade system is simply amazing. Thanks if it would be possible, to have the crossing signals of higher time frames in lower time frames charts, the all the minor noise will be erased and entries, multi confirmed, would be awesome. My english is not very good, hope to be useful, what I meant to say. Thanks again
The crossing signals in the UpperTimeframe has one in the CurrentTimeframe as a color change of the background.

Please try to work with it, I don't have the time to program new ideas now, because my own ones aren't ready yet.
  • #68
  • Mar 4, 2023 2:50am Mar 4, 2023 2:50am
Quoting SwingMan
New version "smGoldenCross Signals_v3.3"
https://forex-station.com/viewtopic....40#p1295505140
  • #69
  • Mar 4, 2023 3:45am Mar 4, 2023 3:45am
Thank you @josi for your information.

Why didn't you post the informations about Adam Grimes here as well?
https://adamhgrimes.com/death-cross-omen-noise/
https://adamhgrimes.com/death-golden...s-deeper-look/

If the great Grimes had determined that the Golden Cross system had no statistical advantage, I would have saved my time and no more programming the system!

OK, this is the end of the fun, and I won't post any more until Grimes gives the green light to my system.
It is true that he evaluated something completely different, but the claim about the statistical advantage remains for everyone who has not yet understood what it is about.
  • #70
  • Mar 4, 2023 8:08am Mar 4, 2023 8:08am
Hai
Thanks for the new indicator. may i have one suggestion to use FRACTAL high low zigzag indicator attached to get breakout on trend zone .. see snap as marked.

yes, less signal can see , needs to test.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.png Size: 36 KB
Attached File(s)
File Type: mq4 High - low trend mtf 3 BT.mq4   17 KB | 434 downloads
  • #71
  • Mar 4, 2023 9:47am Mar 4, 2023 9:47am
SM, I have a humble offer for you. It is to collaborate and evaluate, probably a very profitable system. I have an own indicator that provides very good information about Price Action+Impulse at the same time.
Probably, this indicator, joint to your Golden-Cross sytem could be something unprecedented.
I am already trading with it, but tooks me a lot of time to realize the fundamentals to develop it.
Watch my posted images here and probably you will see the potential.

I have studied your past threads and I admire you because you are a great developer mind.

Thank you in advance.
My respects to you!
  • #72
  • Mar 4, 2023 10:25am Mar 4, 2023 10:25am
Quoting saljo
Hai Thanks for the new indicator. may i have one suggestion to use FRACTAL high low zigzag indicator attached to get breakout on trend zone .. see snap as marked. yes, less signal can see , needs to test.
What you posted is definitely correct.

One can use the visual information about the UpperTrend in different ways.

If you trade with the ZigZag from time to time, please post such trades.
  • #73
  • Mar 4, 2023 10:30am Mar 4, 2023 10:30am
Quoting ASniper
SM, ...I have an own indicator that provides very good information about Price Action+Impulse at the same time. ...
Watch my posted images here and probably you will see the potential.
I will definitely do that.

It has always interested me whether there is a better indicator than what I have developed...
  • #74
  • Edited 12:09pm Mar 4, 2023 11:57am | Edited 12:09pm
New version smGoldenCross Signals_v4.1

- Now one have the entry values in the trend change direction as additional information.
Attached Image (click to enlarge)
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The entries are calculated from the predicted close.

For example, for the long direction, half the value from the channel oscillator is taken as the offset from predicted Close to Entry,, and one can give as order the calculated entry as a Buy-Stop.

The entry value at the cross in short direction can be considered as exit for this trade, and if one have time, one can quickly evaluate the trades with this simple rule.
Attached Image (click to enlarge)
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If one put the parameter "Draw_Entrys_ForAllBars = true" one draw the predicted entries for all bars.

In this way, one can see that most of the forecast exit values will not be reached by the time the trend changes. When a signal comes, the trader can decide for himself whether to close the trade or not.
Attached Image (click to enlarge)
Click to Enlarge Name: GoldenCross-9.png Size: 13 KB
Attached File(s)
File Type: ex4 smGoldenCross Signals_v4.1.ex4   48 KB | 772 downloads
  • #75
  • Mar 5, 2023 7:02am Mar 5, 2023 7:02am
New oscillator "smGoldenCross Slope_v2.0"

One calculates the mean of the open and close prices.
For this moving average, the slope is calculated as the difference between the current value and the "Slope_Distance" value before it (e.g. 2 bars).

One is given a threshold as a proportion of ATR (e.g. Factor_SlopeFiltering=0.30), and for slopes below this value one can consider the trend as sideways.
(The blue line is the ATR value).

Gray histograms are drawn for slope values below the threshold, and in the normal case the histograms are drawn with different colors for rising and falling values.

The filtering can be switched off with the parameter (Draw_SlopeFilterLines=false).
Attached Image (click to enlarge)
Click to Enlarge Name: GoldenCross-12.png Size: 31 KB
Attached File(s)
File Type: ex4 smGoldenCross Slope_v2.0.ex4   20 KB | 680 downloads
  • #76
  • Mar 5, 2023 6:23pm Mar 5, 2023 6:23pm
SwingMan
Can you post the source codes for Indicators smGoldenCross Slope_v2.0.ex4
and smGoldenCross Signals_v4.1.ex4
  • #77
  • Mar 6, 2023 12:42am Mar 6, 2023 12:42am
Quoting ct1942
SwingMan Can you post the source codes for Indicators smGoldenCross Slope_v2.0.ex4 and smGoldenCross Signals_v4.1.ex4
Why?

Without feedback on the usefulness of the idea, there is no sense for me in posting source codes.
  • #78
  • Mar 6, 2023 2:26am Mar 6, 2023 2:26am
Quoting SwingMan
Thank you @josi for your information. Why didn't you post the informations about Adam Grimes here as well? https://adamhgrimes.com/death-cross-omen-noise/ https://adamhgrimes.com/death-golden...s-deeper-look/ If the great Grimes had determined that the Golden Cross system had no statistical advantage, I would have saved my time and no more programming the system! OK, this is the end of the fun, and I won't post any more until Grimes gives the green light to my system. It is true that he evaluated something completely different,...
Hi George,

You have such quick wit and a brilliant sense of irony what a fabulous dinner guest you would make. Fun, interesting and good natured what more could a host hope for?

More power to you.

Your current project is visually very easy to trade imho

Regards
lpp
I would like to die on Mars. Just not on impact..... Elon Musk
  • #79
  • Mar 6, 2023 5:08am Mar 6, 2023 5:08am
New version "smGoldenCross Signals_v4.2"

- Just a small change in the program, and a correction in the alerts.

I ran several pairs on H1 and some alerts seemed wrong to me.

If you find anything else suspicious, please post.
Attached File(s)
File Type: ex4 smGoldenCross Signals_v4.2.ex4   49 KB | 744 downloads
  • #80
  • Mar 6, 2023 10:16am Mar 6, 2023 10:16am
Quoting ct1942
SwingMan Can you post the source codes for Indicators smGoldenCross Slope_v2.0.ex4 and smGoldenCross Signals_v4.1.ex4
Why?

Without feedback on the usefulness of the idea, there is no sense for me in posting source codes.
2

  1. Sorry for having to ask....but I cant get the indicators to attach to the chart. When you posted source codes before I was able to attach those to chart....If anyone could suggest why ex4 files wont attach, I would be grateful.

Thanks

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