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Golden-Cross Trading-Idea

  • #221
  • Jul 19, 2023 10:41pm Jul 19, 2023 10:41pm
Quoting ahlim1708
{quote} I took a Long position based on the previous 4HR Long entry signal.
And did you look at what D1 was doing before taking the position? Also S/R should be your guide while taking some trades, some might be continuation of long term trend or reversal.

Regards

SmartKenya
  • #222
  • Jul 20, 2023 1:00am Jul 20, 2023 1:00am
Quoting SwingMan
Here I post (exceptionally) for 7 days the indicators used in my previous charts ...
Bonjour
Thanks a lot Sir
jf
  • #223
  • Jul 20, 2023 1:11am Jul 20, 2023 1:11am
Hi,

Someone could share latest template.
  • #224
  • Jul 20, 2023 2:47am Jul 20, 2023 2:47am
Hey Swingman

Would you sell this GU?
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  • #225
  • Jul 20, 2023 2:52am Jul 20, 2023 2:52am
Quoting smartvin
Hi, Someone could share latest template.
https://www.forexfactory.com/thread/...5#post14432295
  • #226
  • Edited 4:50am Jul 20, 2023 4:04am | Edited 4:50am
Thank you SwingMan for your kindness.

For what i know the rules in a simple way :

- Buy or Sell when the emas cross ( major signal Golden Cross) if the Major trend is aligned

- Histogram needs to be also aligned

- To add positions for trend continuation lazy indicator needs to be giving Green Candles for Upward movement, above the 0 line ( Upward trend momentum) and the reverse for sell

- Be careful with signals around the edges of the Dochian Channel, bcs it can mean a trend reversal

Also if someone can help me configure the settings, i cant see most things due to colours.

Also i pretend to pass the challenge of the live account with this strat.

Edit - Found the template of Swingman Charts look better now.
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  • #227
  • Jul 20, 2023 4:06am Jul 20, 2023 4:06am
Quoting SmartKenya
...Would you sell this GU?
The best Short-Stop entry was yesterday at 1.30124.

Actually, one was able to start the Sell-Stop on 07.18 16:00 at 1.30219.

At 07.20 prices are moving away from the lower Donchian-Channel and there is probably a sideways trend.
The Short-Stop could have done one on H1 at 07:00.
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Attached File(s)
File Type: tpl GoldenCross Template.tpl   261 KB | 701 downloads
  • #228
  • Jul 20, 2023 6:22am Jul 20, 2023 6:22am
Thanks Swingman
Quoting SwingMan
{quote} The best Short-Stop entry was yesterday at 1.30124. Actually, one was able to start the Sell-Stop on 07.18 16:00 at 1.30219. At 07.20 prices are moving away from the lower Donchian-Channel and there is probably a sideways trend. The Short-Stop could have done one on H1 at 07:00. {image} {file}
  • #229
  • Jul 20, 2023 7:35am Jul 20, 2023 7:35am
Quoting Elme
Also if someone can help me configure the settings, i cant see most things due to colours.{image}
Here you go... Under Chart Properties
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  • #230
  • Jul 20, 2023 7:37am Jul 20, 2023 7:37am
Quoting SwingMan
{quote} The best Short-Stop entry was yesterday at 1.30124. Actually, one was able to start the Sell-Stop on 07.18 16:00 at 1.30219. At 07.20 prices are moving away from the lower Donchian-Channel and there is probably a sideways trend. The Short-Stop could have done one on H1 at 07:00. {image} {file}
Thank you for your insight I would have to add the Donchian-Channel seems helpful..

Regards

SmartKenya
  • #231
  • Jul 20, 2023 9:07am Jul 20, 2023 9:07am
So i took a long position on the live funded 25k account as a buy Limit since i couldnt do a buy stop, it was giving me error.

- H4 and Daily was long
- Signal do buy was a bit earlier but i saw the daily candle not close below the othe one, market wants to go higher,
- I was in the middle dochian channel line, so that was a bounce
- Take profit at the Top of the Donchian H4 channel.

Something i noticed, Why does it appear the stop loss and break even levels and entry on the daily time frame? Does the Ea execute this?

Also i am not receiving any alerts, only when i change the assets time frame.

Thank you @Swingman and @SmartKenya for the help
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  • #232
  • Jul 20, 2023 9:42am Jul 20, 2023 9:42am
Quoting Elme
...H4 and Daily was long - Signal do buy was a bit earlier but i saw the daily candle not close below the othe one, market wants to go higher, ...
On H4, one is a bit too close to the upper Donchian line, so one can't expect too much gain...
----------------------------------

- I wrote not to load the EA. At the moment there is only a sample of what it can look like.
- There is no need to check the TFs separately because the background shows the main trend.
- I think alerts only come when an entry level is reached.
- SL and BE values and lines come from the two indicators (for TF and Upper TF).

- There is no take profit level! Search what I wrote for exits.
The BarRange with multipliers => Level (Initial Stop, BE, Trailing Stop)
Sell half of the lots at 1/2 Level, the rest at that Level.

This also applies to profits, also to losses!
  • #233
  • Jul 20, 2023 9:43am Jul 20, 2023 9:43am
Got an Alert for the H4 Crossing BUy on VIX :

- The alert was near the top of the H4 Dochian channel, and i would dismiss this until i went to the Daily to see what it was going on.

On the Daily, i Saw a cross of the Ema's UP with a slope for the explosion.

Correct me if i am doing something wrong.
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  • #234
  • Jul 20, 2023 9:53am Jul 20, 2023 9:53am
Quoting Elme
Also i am not receiving any alerts, only when i change the assets time frame.{image} {image}
If you are receiving alerts then it means it is active... Then again I am using the version 4.7.1 of the signal indicator I haven't tried the EA so the other question I can't answer...

SwingMan is in a better place to advice here, he also warned not to use the EA yet!

Regards

SmartKenya
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  • #235
  • Jul 20, 2023 9:54am Jul 20, 2023 9:54am
Quoting Elme
Got an Alert for the H4 Crossing BUy on VIX...
I think it's ok.
On D1 prices can cross the W1 CloseForecast line in the next 3-4 weeks.

If you have the EA in the chart anyway, you can press the "Write Entry" button...
  • #236
  • Jul 20, 2023 9:55am Jul 20, 2023 9:55am
Quoting SwingMan
{quote} I think alerts only come when an entry level is reached.
Elme there is your answer..

SmartKenya
  • #237
  • Jul 20, 2023 9:59am Jul 20, 2023 9:59am
Quoting SmartKenya
{quote} Elme there is your answer.. SmartKenya
That's the way it is!

Maybe one can send alerts a bit earlier when the predicted close is reached.
But one should first gain experience which is better.
  • #238
  • Jul 20, 2023 10:01am Jul 20, 2023 10:01am
Yes, thank your for the fast responses.

The system is very good since it takes emotions away from the equation.

Here is my take profit level for VIX if it goes there.

Since we are operating at a possible reverse for buy, if i want to pyramid all the way up, should i follow the signals for buys?

Here is where i put my take profit on VIX

Closed my AUS200 trade in small profit since it was closer to the Channel on H4 and daily.

p.S: if we only take trades on the opposites of the Dochian Channel with the Trend aligned or a bounce in the middle i think we can make massive profits.
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  • #239
  • Jul 20, 2023 10:18am Jul 20, 2023 10:18am
Quoting Elme
Yes, thank your for the fast responses. The system is very good since it takes emotions away from the equation.{image}
You are welcome... I am still getting a grip of the whole system and am stuck with only 1 indicator the smGoldenCross Signal v4.7.1 with that only and what I understand about the market everything else is simple and as clear as the day.

I learnt that if it works don't try fixing it.. For now GoldenCross is working and working well.

My target is from 500$ - 1000$ then move to the Funded Account. The more I look at the charts I find golden hidden eggs popping everywhere.

I think about TP and SL that should each persons discretion but for me once I enter my TP is 2x SL and my SL is on the Last HH or LL the TP will be double that and this works very well, once am in profit I start taking bits from the trade and trail my SL.

Let's keep building

Regards

SmartKenya
  • #240
  • Jul 20, 2023 10:37am Jul 20, 2023 10:37am
I was looking at VIX and now the Trend is aligned for short, wich doesn't indicate the same thing on the Daily wich is doing a cross up near the bottom of the channel.

I am still confused about the rectangles and the arrows.

Also the Lazy oscillator needs to be aligned with our entry correct?
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