Golden-Cross Trading-Idea | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD, AUD/USD

Similar Threads

Looking for Death Cross and Golden Cross indicators 4 replies

Rsi cross indicator? (NOT cross 50, etc) 44 replies

anyone know how to fill this "blue" golden/death cross ema? 8 replies

golden and death cross system journal 2 replies

Royal Cross/Fresh Cross 7 replies

Attachments: Golden-Cross Trading-Idea
Exit Attachments

Golden-Cross Trading-Idea

  • #161
  • May 28, 2023 5:53pm May 28, 2023 5:53pm
Quoting mirgi
...Why wasn't there a horizontal sell arrow? {image}
You asked correctly.

Also in #Post 139 I wrote that the indicator had a small problem with the upper time frame.
In this case, the bar is on the border of the main trends and the long trend is wrongly assumed, so no sell arrows are drawn.
That's wrong, and the arrow at 04:00 is wrong too.

One should not worry because such cases are rare and are not always at a loss.

Of course there is an explanation and a solution. I think I wrote that whoever posts a statement will get a big bonus from me.
For people who don't understand how the system works and don't post any results or charts, I thought there was no point in revealing the great secret of the right interfaces in this thread...
  • #162
  • Edited 9:11am May 30, 2023 5:54am | Edited 9:11am
Hello Sir, Is quite difficult to understand all the system because in every post I learn something new to implement and I need to understand very well what is every parameter, so I am a completely newbie on this system, I need more afternoons than I thought. So, First, my first trouble, very basic:

I'm using the last version of Signals v4.7.1, and I have some doubt about background, my chart everytime I change it o refresh changes, with zones in grey and zones in blue, why happens?

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 23 KB


EDIT: On version 4.5 I don't have this problem

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB



And I assume that if I need to trade with Uppertrend, I need to see which colour is the last background colour, right? If blue, buy, if yellow, sell.

My other doubt, from the basics: Background colour for example in 4H, it forms when D1 candle close?


EDIT: on version
  • #163
  • May 30, 2023 8:27am May 30, 2023 8:27am
Quoting SwingMan
{quote} Hai chiesto correttamente. Sempre nel #Post 139 ho scritto che l'indicatore aveva un piccolo problema con la fascia oraria superiore. In questo caso la barra si trova al confine dei trend principali e si assume erroneamente il trend lungo, quindi non vengono disegnate frecce di vendita. È sbagliato, e anche la freccia alle 04:00 è sbagliata. Non bisogna preoccuparsi perché tali casi sono rari e non sono sempre in perdita. Ovviamente c'è una spiegazione e una soluzione. Penso di aver scritto che chiunque pubblichi una dichiarazione riceverà...
Hi @Swingman,
I'm testing version 4.5 because I couldn't download 4.7. There are many differences? I noticed that it doesn't update the wallpaper in time. What do the circled bars mean? Thank you

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (79).png Size: 24 KB
  • #164
  • Edited 9:27am May 30, 2023 9:10am | Edited 9:27am
Quoting amargam
... And I assume that if I need to trade with Uppertrend, I need to see which colour is the last background colour, right? If blue, buy, if yellow, sell.
That is interpreted perfectly.


My other doubt, from the basics: Background colour for example in 4H, it forms when D1 candle close?
This is poorly programmed. I would have to concentrate better to draw the background correctly, and will do that when i have time.
However, the signals are correct and one sees the trend.


In fact, the background on H4 corresponds to the close for D1-bar.

But, this is incorrect because the daily trend can change at any of the six H4 bars! It also took me some time to understand that there was an error.
In my charts (#Post 155) you can see arrows at the correct trend changes for D1 on H4, but without an accurate background. There is an MTF indicator for this and it is also being developed.
  • #165
  • May 30, 2023 9:35am May 30, 2023 9:35am
Okey, so my first trade in demo account, I'm only able to see the easiest part and I will explain why I put this trade on:




1. Alert on H4 comes and said me that put Sell Stop on 0.65249
2. To confirm this trade, I look on this left pannel and said me on H4, that H4 is SELL and D1 is SELL.

Attached Image (click to enlarge)
Click to Enlarge Name: Entrada 4h.jpg Size: 272 KB


3. To confirm this trade, I go to D1, that confirms that trend is SELL and also W1 is SELL.

Attached Image (click to enlarge)
Click to Enlarge Name: Confirmacion uppertrend D1 con W1.jpg Size: 237 KB


So all the trends goes in the same direction. I took the trade on H4 to get more vision.

I enter the trade with Sell Stop on 0.65249, Stop Loss on 0.65617 that is the HH of two last bars (for more security i put more distance). TP is calculated with 2:1 with SL.

Maybe one option to put SL is on the turning point, that is mark with a rectangle with line inside, the price is 0.65434, also this rectangle acts like Trail Stop to move SL in the sucessive bars.

I think that has some risk because of support on H4 but will see how goes, only need to see every 4 hours to check.

To check how the trend goes is with with Slope Indicator, but I need to work more with this indicator and LazyHedging Channel to understand how to get more reliable signals and calculate the exit of signal.

Please Swingman confirm if I'm wrong in any step, I will apreciate it!
  • #166
  • May 30, 2023 9:48am May 30, 2023 9:48am
Quoting DR81
{quote} Hi @Swingman, I'm testing version 4.5 because I couldn't download 4.7. There are many differences? I noticed that it doesn't update the wallpaper in time. What do the circled bars mean? Thank you {image}
Please use better color settings and bar charts, no candles.

Areas are drawn so that one can quickly see where the initial stop loss is and where the close of the second bar is, for a possible exit at the end of the bar.
  • #167
  • May 30, 2023 9:56am May 30, 2023 9:56am
Quoting SwingMan
{quote} Utilizza migliori impostazioni di colore e grafici a barre, niente candele. Le aree sono disegnate in modo che si possa vedere rapidamente dove si trova lo stop loss iniziale e dove si trova la chiusura della seconda barra, per una possibile uscita alla fine della barra.
Thanks so much for the tip @Swingman!
Is it possible to have version 4.7?
Thank you
  • #168
  • May 30, 2023 10:19am May 30, 2023 10:19am
Quoting amargam
Okey, so my first trade in demo account...
- In principle, one does not need a trend confirmation from W1.

- Study my exit recommendations. RR 2:1 does not fit the system. Check futures, sugar e.g., where RRs are also 10:1.

- Signals are good enough, they are generated from raw price action, and not derived indicators.
At the very beginning I wrote that one predicts the price at which the two MAs intersect and an entry level is calculated.

The other entry signal (the bold arrows) appear at the beginning of the trends, define the upper trend, and bring good profits.
  • #169
  • May 30, 2023 10:19am May 30, 2023 10:19am
Quoting DR81
{quote} Thanks so much for the tip @Swingman! Is it possible to have version 4.7? Thank you
Post 132
  • #170
  • May 30, 2023 10:25am May 30, 2023 10:25am
Quoting DR81
... Is it possible to have version 4.7? ...
Version 4.7.1 is in #Post 132.

Do you want me to understand that you haven't read ALL my posts yet ?
  • #171
  • May 30, 2023 10:27am May 30, 2023 10:27am
Quoting SwingMan
{quote} La versione 4.7.1 è nel #Post 132. Vuoi farmi capire che non hai ancora letto TUTTI i miei post ?
I've read them all multiple times @Swingman I don't understand why I can't download 4.7...
  • #172
  • May 30, 2023 10:48am May 30, 2023 10:48am
Quoting DR81
{quote} I've read them all multiple times @Swingman I don't understand why I can't download 4.7...
Try now
Attached File(s)
File Type: ex4 smGoldenCross Signals_v4.7.1.ex4   63 KB | 482 downloads
  • #173
  • May 30, 2023 2:01pm May 30, 2023 2:01pm
Quoting amargam
{quote} Try now {file}
Thank you very much! Very kind!
  • #174
  • May 30, 2023 4:34pm May 30, 2023 4:34pm
Quoting amargam
...AUDUSD... I enter the trade with Sell Stop on 0.65249, Stop Loss on 0.65617 that is the HH of two last bars (for more security i put more distance). ...
What must you do with this trade:

- The ChannelRange (BarRange) at the SignalBar at 16:00 is 189.
- The entry level is "CloseForecast - 1/2 BarRange"

- From the entry down, the price already surpassed this 189 range on the next bar.
- In order to avoid a price reversal with losses, one sets the BreakEven when this range is reached.

So that something is left over, one sets BreakEven=EntryPrice-20 points=0.65249-20=0.65249+Spread.
(Up to now the BE has not been reached)

- Because prices are near the lower Donchian Channel, one should watch carefully if reverse trading in the long direction will take place.
  • #175
  • May 31, 2023 3:24am May 31, 2023 3:24am
Swingman, I compare TDI with your signals, pretty slow the TDI and fake signals.

So, Donchian channels help us to determine a kind of end of trend or reverseal points.

Thank you for you system, for your work and help, the most accurate system on FF

need more work to study MM and exit, i will work more on this system, promise!
  • #176
  • May 31, 2023 8:00am May 31, 2023 8:00am
Quoting amargam
...need more work to study MM and exit...
In #Post 123 I made a suggestion to do a reasonable money management.
- Basically, the lots are calculated with the BarRange and 1% Risk (from Balance e.g.).

The loss on the Initial SL will be 1-2%, and the gains will also be 4-5%.

Important note: one can reduce the initial loss if half the lots are sold when half the loss distance is reached. So only 0.75 of the calculated loss is realised.

Same rule in profit for exit at 2xBarRange.
Sell half of the lots for a price retrace of 1xBarRange, the rest at 2xBarRange.

It would not be bad for you to summarize the rules I mention from time to time.
I don't feel like repeating myself, and sometimes I forget to share some things. Please don't post in the thread either.
At some point I can ask you to explain my trading rules to me...
  • #177
  • May 31, 2023 5:47pm May 31, 2023 5:47pm
The Exits on two levels (Bar Range = 189 points). See #Post 165 and 174.

(280 + 95 points) x (0.5 Lots) = 187 x Lots

vis-a-vis initial lots

(95 points) x (Lots) = 95 x Lots
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.rH4-2.png Size: 17 KB
  • #178
  • Jun 1, 2023 2:41am Jun 1, 2023 2:41am
Quoting SwingMan
The Exits on two levels (Bar Range = 189 points). See #Post 165 and 174. (280 + 95 points) x (0.5 Lots) = 187 x Lots vis-a-vis initial lots (95 points) x (Lots) = 95 x Lots {image}
What does the number 280 correspond to? I know that 95 is the half of bar range of channel oscillator.

its possible to know in 4h chart with an arrow when exactly trend change on D1? Because of problem MTF indi.

and the plotted lines on chart what indicators are? Im on the right way. Thank you and if you feel that im pretty insistent, tell me. Thank you
  • #179
  • Jun 1, 2023 4:49am Jun 1, 2023 4:49am
Quoting amargam
...What does the number 280 correspond to? I know that 95 is the half of bar range of channel oscillator. its possible to know in 4h chart with an arrow when exactly trend change on D1? Because of problem MTF indi. and the plotted lines on chart what indicators are? Im on the right way. Thank you and if you feel that im pretty insistent, tell me. Thank you
Hello!
280 and 95 are the points wins (entry to exit) - the thick green lines. I thought you checked that on your chart...

The thick red/blue arrows in the chart are the possible trend changes on D1, and the dashed lines are the MAs for this MTF indicator on D1. The thin solid blue line is the close forecast on D1.
This indicator is not ready yet.
  • #180
  • Jun 4, 2023 4:46am Jun 4, 2023 4:46am
Hello, Im preparing a kind of guideline or resume, but, due a lack of time from my baby and my job i can't spent the time that I want to this. Also I think there is nothing more to implement on signals because the predictions work well. Good idea to see on the same chart the MA's of D1 to catch the initial momentum of trend change.

- I think that predictions on trend change acts well like Trail Stop when we are in profit on last candle before new cross happens.
- It is possible, to make easier, an EA to calculate lotsize with BarRange and % equity? Because if we trade 20 pairs, it's difficult to do fast.

If you want to see the guideline or resume SwingMan please tell me, I don't want this thread dies. Regards.
5 traders viewing now