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Golden-Cross Trading-Idea

  • #121
  • Edited 3:27pm May 8, 2023 7:38am | Edited 3:27pm
Quoting ozkanim
@SwingMan What is your exit rule?
There are 4 or 5 exit rules, and please don't trade much on TFs smaller then H4!

As for the entry:
- For people who have little intuition, one is not allowed to make buy trades in the yellow area, only in the blue area. The background areas show the overall trend.
The indicator 4.5 does not correctly draw the beginning of the upper trend (MTF problem), and 4.7 is not ready yet. There are special rules for entries in this zone.

- I am very curious if someone can formulate why this border zone is critical for programming signals...

For Exit:
- Initial SL can be the LL of the last 2 bars
- If a BarRange is reached after entry, one can set BreakEven
- In your chart, the exit is at the close of the bar with the opposite direction signal (or the open of the next bar).
- In general one can exit after 2xBarRange from the HH.

(The small colored areas are drawn for easy direction orientation with the valid signals.)
  • #122
  • May 8, 2023 10:19am May 8, 2023 10:19am
Thank you for your suggestion regarding the timeframe. In the attached screenshot, I marked the 4 parameters required for login. Could you please confirm it's true or false thank you
Attached Image (click to enlarge)
Click to Enlarge Name: sketch-1683558988390.jpg Size: 171 KB
  • #123
  • May 8, 2023 12:41pm May 8, 2023 12:41pm
Quoting ozkanim
...In the attached screenshot, I marked the 4 parameters required for login. Could you please confirm it's true or false thank you
Is very good, and with the value from #4 (brown line) the entry level is calculated etc.

The ChannelOsc uses my method to calculate the BarRange I named.
It is actually a login parameter, a variant where the ATR is also taken into account, but is better for practice.

I recommend using this value in trading to calculate LotSize, BreakEven and TrailingStop.
If one does this and takes a risk of e.g. 1%, one can quickly approximate the percent profit and the results of the trades.
  • #124
  • May 8, 2023 2:41pm May 8, 2023 2:41pm
Quoting SwingMan
{quote} Is very good, and with the value from #4 (brown line) the entry level is calculated etc. The ChannelOsc uses my method to calculate the BarRange I named. It is actually a login parameter, a variant where the ATR is also taken into account, but is better for practice. I recommend using this value in trading to calculate LotSize, BreakEven and TrailingStop. If one does this and takes a risk of e.g. 1%, one can quickly approximate the percent profit and the results of the trades.
  • #125
  • May 8, 2023 3:21pm May 8, 2023 3:21pm
Hi @ozkanim,

- I'm curious when you will find out that you no longer need the TDI!

Perhaps you comment on some signals in comparison, but also compare your TDI entries after a signal, with the levels specified by the GC.
Can one identify advantages and disadvantages?

- One can also omit the slope indicator, which is generally very good.
When one trades manually, it is very helpful in determining where the initial impulse is weakening and an exit is near.
  • #126
  • Edited 3:29am May 9, 2023 3:17am | Edited 3:29am
Quoting SwingMan
Hi @ozkanim, - I'm curious when you will find out that you no longer need the TDI! Perhaps you comment on some signals in comparison, but also compare your TDI entries after a signal, with the levels specified by the GC. Can one identify advantages and disadvantages? - One can also omit the slope indicator, which is generally very good. When one trades manually, it is very helpful in determining where the initial impulse is weakening and an exit is near.
I keep the TDI indicator on my list for hidden incompatibility, but I'm considering removing this indicator as well.
  • #127
  • May 9, 2023 11:22am May 9, 2023 11:22am
Quoting SwingMan
{quote} What system are you doing this for, so I can track?
upcoming days we will start making a fresh ea, just based on this strategy, I will post an update for another ea, that we have made out of your strategy later this week.
  • #128
  • May 18, 2023 11:10pm May 18, 2023 11:10pm
Swingman is there any reason you used ma of 5 and why LWMA?.

Thanks
  • #129
  • May 19, 2023 1:48am May 19, 2023 1:48am
Quoting forexgrh
Swingman is there any reason you used ma of 5 and why LWMA?. Thanks
Just for visual testing.

- The signals are comparable to TDI signals, and Malone was not asked why he took his periods.
If TDI is commented on in hundreds of thousands of postings, I assumed that there must be something to it...

- Of course one can change the period, I did that and stayed with 5 because of the convenience. More important are the rules of what to do when a signal comes.

- I would keep the LWMA, it reacts fast enough.
  • #130
  • May 19, 2023 1:56am May 19, 2023 1:56am
Quoting SwingMan
{quote} Just for visual testing. - The signals are comparable to TDI signals, and Malone was not asked why he took his periods. If TDI is commented on in hundreds of thousands of postings, I assumed that there must be something to it... - Of course one can change the period, I did that and stayed with 5 because of the convenience. More important are the rules of what to do when a signal comes. - I would keep the LWMA, it reacts fast enough.

If you wanted to / had time to I would love to compare it to Simple MA of 8 on the Open / Close price.... (Not my idea) but something I have been trading this week with some success as I use your indi with longer time frames as confirmation Happy to share with you if you want.
  • #131
  • May 19, 2023 8:01am May 19, 2023 8:01am
Quoting ifx777
{quote} upcoming days we will start making a fresh ea, just based on this strategy, I will post an update for another ea, that we have made out of your strategy later this week.

Been following and catching up on this thread... Have you managed to get anywhere with this?
  • #132
  • May 21, 2023 2:42am May 21, 2023 2:42am
New version "smGoldenCross Signals_v4.7.1"

Quoting forexgrh
...If you wanted to / had time to I would love to compare it to Simple MA of 8 on the Open / Close price.... (Not my idea) but something I have been trading this week with some success as I use your indi with longer time frames as confirmation Happy to share with you if you want.
It would be nice to post examples of how you use the indicator as well.

The arrows for predicted closes and entry levels are only calculated for LWMA and SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.rH4.PNG Size: 40 KB
Attached File(s)
File Type: ex4 smGoldenCross Signals_v4.7.1.ex4   63 KB | 863 downloads
  • #133
  • May 21, 2023 5:27am May 21, 2023 5:27am
Quoting SwingMan
New version "smGoldenCross Signals_v4.7.1" {quote} It would be nice to post examples of how you use the indicator as well. The arrows for predicted closes and entry levels are only calculated for LWMA and SMA. {image} {file}
How would you filter out the 'choppy signals'? or rely on the winning ones being enough to recoup loss?
  • #134
  • May 21, 2023 6:46am May 21, 2023 6:46am
Quoting Pandatronix
... How would you filter out the 'choppy signals'? or rely on the winning ones being enough to recoup loss?
I recommend testing the signals and my rules, then you probably have the answer YES...

In general, one does not need a filter. The Donchian channel is good enough to determine where and how price action is taking place.

So far, however, no one has made an evaluation and posted it, so that I am not interested in developing it further for those who are not interested in the idea and do not bring any feedback.
  • #135
  • May 21, 2023 11:37am May 21, 2023 11:37am
Quoting SwingMan
{quote} I recommend testing the signals and my rules, then you probably have the answer YES... In general, one does not need a filter. The Donchian channel is good enough to determine where and how price action is taking place. So far, however, no one has made an evaluation and posted it, so that I am not interested in developing it further for those who are not interested in the idea and do not bring any feedback.
I'm currently waiting for the week to get started, will comeback after with results
  • #136
  • May 22, 2023 2:00am May 22, 2023 2:00am
@Swingman This is what I am using atm. Simple MA 8 / 8 on open close and DMI 8/8 showing only + and -.

I'm trading on 15 min time frame, wait for crosses to match and pull trigger. I was late on the trade shown but got lucky and still made money.

I'm using your template to confirm longer timeframes match..

Not going to discuss exits but there are some rules there to.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD.JPG Size: 148 KB
  • #137
  • May 22, 2023 7:48am May 22, 2023 7:48am
Hi SwingMan,
Thanks for the great idea and indicator. I am not able to write any experiences yet, I can see it in a week. I only have a question, is it possible to set an alarm on the arrows that mark the buy limit or sell limit, see the attachment. I looked in the settings but couldn't find it, I only get an alarm when the trend changes.
Thank you very much.
Attached Image (click to enlarge)
Click to Enlarge Name: Snímek obrazovky 2023-05-22 144341.jpg Size: 252 KB
  • #138
  • May 22, 2023 8:12am May 22, 2023 8:12am
Quoting mirgi
... is it possible to set an alarm on the arrows that mark the buy limit or sell limit
I think the alarm is there.
.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Signals.GIF Size: 92 KB
  • #139
  • May 22, 2023 8:25am May 22, 2023 8:25am
Actually I already know that the signals and the background are not correct at the last bar.

But if nobody examines the idea and determines exactly what is wrong, it can stay that way.

All the areas in the background are also partly wrong, but no one noticed that either, because only someone who has analyzed the idea can also say why.
  • #140
  • May 23, 2023 2:41am May 23, 2023 2:41am
Quoting SwingMan
Actually I already know that the signals and the background are not correct at the last bar. But if nobody examines the idea and determines exactly what is wrong, it can stay that way. All the areas in the background are also partly wrong, but no one noticed that either, because only someone who has analyzed the idea can also say why.
Hey Swingman, What bands are you using there? Looks like donchian?
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