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Golden-Cross Trading-Idea

  • #141
  • May 23, 2023 1:23am May 23, 2023 1:23am
Quoting SwingMan
{quote} I think the alarm is there. . {image}
I thought I would get an alarm when the limit setting arrow appears. What you are showing is the alarm when it has already hit the arrow.
  • #142
  • May 23, 2023 2:07am May 23, 2023 2:07am
Quoting Pandatronix
...Hey Swingman, What bands are you using there? Looks like donchian?
Yes, see #Post 134.
  • #143
  • Edited 1:47pm May 23, 2023 2:18am | Edited 1:47pm
Quoting mirgi
...I thought I would get an alarm when the limit setting arrow appears. What you are showing is the alarm when it has already hit the arrow.
The limit setting arrow and the entry value are drawn at each bar. If the limit is not reached, the arrow and the limit will be deleted at the next bar. Isn't that so?

With alarm and 20 pairs, 20 alarms would be sent every 4 hours.

The idea is to set stop orders, possibly with an EA, and when an entry level has been reached, one should get the corresponding warning (alert message).
  • #144
  • May 23, 2023 5:27am May 23, 2023 5:27am
Quoting SwingMan
{quote} The limit setting arrowand the entry value are drawn at each bar. If the limit is not reached, the arrow and the limit will be deleted at the next bar. Isn't that so? With alarm and 20 pairs, 20 alarms would be sent every 4 hours. The idea is to set stop orders, possibly with an EA, and when an entry level has been reached, one should get the corresponding warning (alert message).
But for manual trading, it would be good to receive an alarm when the arrow appears to set the limit and cancel the limit if the limit is not confirmed. What do you think? In the picture, I tested on M1 where the arrow appeared, but I did not receive the alarm.
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  • #145
  • May 23, 2023 6:30am May 23, 2023 6:30am
Quoting mirgi
... But for manual trading, it would be good to receive an alarm when the arrow appears to set the limit and cancel the limit if the limit is not confirmed. What do you think? In the picture, I tested on M1 where the arrow appeared, but I did not receive the alarm.
Please post a decent chart with a light background, I can't see the entry level at the last bar.
Please trade H4.

At each new bar is drawn simultaneously "Price for Crossing" and "Entry Price". You don't need an alarm to set a buy/sell stop.

These values are written in "Data Window", and when "Entry Price" is reached, an alarm comes up so you can follow the trade, e.g. an EA is trading.
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  • #146
  • May 23, 2023 10:56am May 23, 2023 10:56am
Quoting SwingMan
{quote} Please post a decent chart with a light background, I can't see the entry level at the last bar. Please trade H4. At each new bar is drawn simultaneously "Price for Crossing" and "Entry Price". You don't need an alarm to set a buy/sell stop. These values are written in "Data Window", and when "Entry Price" is reached, an alarm comes up so you can follow the trade, e.g. an EA is trading. {image}
Sorry for the colors. So there is no option to send an alarm when Entry Price (Limit) arrow appears? (Receiving an alarm when the arrow appears and not when it is reached) Sometimes it happens that an arrow appears and the price flies through Entry Price within 1 minute and it is not possible to react to it manually, especially when I am not sitting next to it. Please.
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  • #147
  • May 23, 2023 2:23pm May 23, 2023 2:23pm
Quoting mirgi
... So there is no option to send an alarm when Entry Price (Limit) arrow appears? (Receiving an alarm when the arrow appears and not when it is reached) Sometimes it happens that an arrow appears and the price flies through Entry Price within 1 minute and it is not possible to react to it manually, especially when I am not sitting next to it. Please.
In your chart the entry price is 138.742
When the bar opens, a small line is drawn in a rectangle, and when the price reaches this value, a horizontal arrow is drawn.

Entry prices are marked as an aid to each bar at the open of the bars.
I have given explanations in #Post 143 and 145.

Can anyone confirm that this is or not the case, and that alerts should be sent on each new bar?
  • #148
  • Edited 8:38pm May 23, 2023 3:28pm | Edited 8:38pm
Quoting mirgi
...So there is no option to send an alarm when Entry Price (Limit) arrow appears?...
I can imagine what you actually want!

If I'm not sitting in front of the screen every 4 hours and following the signals, but trade on my yacht with the mobile phone, one needs to get the signals from my VPS server via notify or email. Then I can enter the buy/sell-stop orders with an expiration time of 2x4=8 hours (two bars).

Ok, I would understand that, and if one trades 4-5 pairs and not 20, then one gets 4-5 messages with the current entry price for each pair.
Some levels will be reached, some will not, and after another 4 hours new messages will appear.
  • #149
  • May 24, 2023 5:13am May 24, 2023 5:13am
Quoting SwingMan
{quote} I can imagine what you actually want! If I'm not sitting in front of the screen every 4 hours and following the signals, but trade on my yacht with the mobile phone, one needs to get the signals from my VPS server via notify or email. Then I can enter the buy/sell-stop orders with an expiration time of 2x4=8 hours (two bars). Ok, I would understand that, and if one trades 4-5 pairs and not 20, then one gets 4-5 messages with the current entry price for each pair. Some levels will be reached, some will not, and after another 4 hours new messages...

But I don't get an alert when it a horizontal arrow is drawn. I only receive alarm when horizontal arrow was reached.

I see on the chart that a horizontal arrow has appeared, but I don't get any alarm about it, I only get the alarm when levels was reached.

If it worked so that I get an alarm when a horizontal arrow appears, eg buy, then I would immediately set the SL below the nearest LL and TP, eg. 2:1 and wait for the market to move and open the position or not.

Sorry my English is bad and maybe we don't understand each other.
  • #150
  • May 24, 2023 8:09am May 24, 2023 8:09am
Quoting mirgi
...maybe we don't understand each other.
Perhaps you are right about the understanding.
In my previous post I wrote what I assume what you need, and it's nice that you're trying to use the indicator!

Actually, I don't feel like explaining several times that when you're sitting at the computer, you don't need alarms. One just has to look at the clock from 8:00 a.m. to 8:00 p.m. every 4 hours.
The entry levels are written in a rectangle on the right side of the chart, and one only has to place the orders.

When one isn't sitting in front of the computer, like I'm trading on my yacht, then I get the alerts and messages on my mobile phone, and then I place the orders.

I'll add this option for alerts sometime later, but if you don't have a yacht, little helps...

On the other hand, only those who use the system correctly can buy a yacht in 1-2 years.
Please try to analyze and understand my exit rules in #Post 121. The fixed 2:1 RR rule seems to be fine just because it is mentioned in at least 50 other threads. With my rules, one easily achieves variable 5 to 10:1 RRs,
  • #151
  • May 24, 2023 8:35am May 24, 2023 8:35am
I also started with a small boat...
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and now with Golden-Cross...
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  • #152
  • May 27, 2023 1:54pm May 27, 2023 1:54pm
Quoting SwingMan
{quote} Perhaps you are right about the understanding. In my previous post I wrote what I assume what you need, and it's nice that you're trying to use the indicator! Actually, I don't feel like explaining several times that when you're sitting at the computer, you don't need alarms. One just has to look at the clock from 8:00 a.m. to 8:00 p.m. every 4 hours. The entry levels are written in a rectangle on the right side of the chart, and one only has to place the orders. When one isn't sitting in front of the computer, like I'm trading on my yacht,...
Oki Swing Man :-)

I'm sorry, but after a thorough study of how the indicator behaves, I understood what you wrote :-)
As I understood, if the trend is buy on D1 and H4, then it is important for me to monitor when the sell signal occurs on H4 and then I will place buy limits every 4 hours?
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  • #153
  • May 27, 2023 2:01pm May 27, 2023 2:01pm
and what about this, both sell limits were active, therefore loss-making, is that right?
Is it possible to add push notifications?
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  • #154
  • May 27, 2023 3:14pm May 27, 2023 3:14pm
Quoting mirgi
...if the trend is buy on D1 and H4, then it is important for me to monitor when the sell signal occurs on H4 and then I will place buy limits every 4 hours?
Now everything is correctly commented!

For long trends on D1 only Buy-Stop orders are allowed, and this always every 4 hours.

If you have questions like in your next post, it should be visible which pair is and the time scale, otherwise I can't check.
  • #155
  • Edited 9:59pm May 27, 2023 3:39pm | Edited 9:59pm
Quoting mirgi
...and what about this, both sell limits were active, therefore loss-making, is that right? Is it possible to add push notifications?
The second drawn signal 2-Buy may not be traded in the D1 short trend.
One could do that if the prices were much closer to the Donchian Channel.

The sell signals should be traded one, there are actually sometimes losses.

My broker (Pepperstone) doesn't have your 3-Sell. Check the prices because I believe that the Low has not reached the EntryPrice, otherwise the indicator would have drawn an arrow.

I'm still thinking about the push notifications.
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  • #156
  • May 28, 2023 3:01am May 28, 2023 3:01am
Hello Swingman, i’ve spent all the morning to re-read the thread, and i’m going to spend all my time focused on your system. I see it very profitable because I spent my time combine only golden cross with Rsi 4 cross EMA20, shift 2 and at same time cross 55 line to buy / 45 line to sell. Its a reliable signal to catch a reverseal but dont follow the big trend… this signal mostly occurs at the beggining of the golden cross of bigger TF, but sometimes its a false signal. maybe the key is follow the big trend.

one doubt i Have, what is for you barRange you mentioned in old post to go to breakeven?

I spent all afternoon to see charts.

Get that way my friend I appreciate your work!
  • #157
  • May 28, 2023 7:52am May 28, 2023 7:52am
Quoting amargam
...I spent all afternoon to see charts...
Very good that you did that!
Spend another 20-30 afternoons and you will slowly become familiar with the system...

Your analyzes with other indicators mean nothing to me unless you post some charts.
- I only compared the signals with the popular TDI indicator used in other 2-3 threads and didn't see any significant advantages or differences.

- The Donchian Channel is good for trading signals against the main direction.

- I have described my BarRange or ChannelRange somewhere. One should use it because it's better than the naked ATR.
  • #158
  • May 28, 2023 8:01am May 28, 2023 8:01am
Quoting amargam
... I see it very profitable because I spent my time
combine only golden cross with Rsi 4 cross EMA20, shift 2 and at same time cross 55 line to buy / 45 line to sell.
Its a reliable signal to catch a reverseal but dont follow the big trend…
this signal mostly occurs at the beggining of the golden cross of bigger TF, but sometimes its a false signal.
maybe the key is follow the big trend...
I didn't quite understand what you tested with the RSI.
The system is good, okay.

- I recommend trading only in the direction of the main trend for several reasons.
- Reversals only trade after longer trends and near the Donchian Channel.
- The BigTrend is marked with the background color.
  • #159
  • May 28, 2023 12:56pm May 28, 2023 12:56pm
Quoting SwingMan
{quote} The second drawn signal 2-Buy may not be traded in the D1 short trend. One could do that if the prices were much closer to the Donchian Channel. The sell signals should be traded one, there are actually sometimes losses. My broker (Pepperstone) doesn't have your 3-Sell. Check the prices because I believe that the Low has not reached the EntryPrice, otherwise the indicator would have drawn an arrow. I'm still thinking about the push notifications. {image}

My Roboforex broker
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hit sell stop at 134.642
  • #160
  • May 28, 2023 1:08pm May 28, 2023 1:08pm
Why wasn't there a horizontal sell arrow?

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