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Golden-Cross Trading-Idea

  • #381
  • Sep 3, 2024 6:55am Sep 3, 2024 6:55am
First Reversal Trade today made 2nd Target

Buy 69 exit 83
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  • #382
  • Sep 3, 2024 10:36am Sep 3, 2024 10:36am
This strategy is too good, even simpler than TMS, thank you SwingMan for the ideas I'll test your strategy
  • #383
  • Sep 3, 2024 12:45pm Sep 3, 2024 12:45pm
Quoting OAPDave
First Reversal Trade today made 2nd Target Buy 69 exit 83 {image} {image}
It's very good that you mention some possible trades, this way I can make comments from time to time.
There are also some improvements that need to be made, and I'll only take the time to do that if the idea is applied.

In the meantime @RiskFighter will also post an EA, maybe I will too, let's wait and see.

I didn't quite understand for which color(s) parameters should be available. It should be the text color for SmallWick?
If you need that, should I also add alerts?
  • #384
  • Sep 3, 2024 4:51pm Sep 3, 2024 4:51pm
Quoting SwingMan
{quote} It's very good that you mention some possible trades, this way I can make comments from time to time. There are also some improvements that need to be made, and I'll only take the time to do that if the idea is applied. In the meantime @RiskFighter will also post an EA, maybe I will too, let's wait and see. I didn't quite understand for which color(s) parameters should be available. It should be the text color for SmallWick? If you need that, should I also add alerts?
Hi Sir
As you can see my favored Chart back ground color is black
so it is hard to see the Letters & Numbers in Blue
I know guys love E.A. but they have never interested me, so I will leave that decision up to you
Thank you for considering my request
Dave

ps
Now their is a little interest I will show what I consider are possible trades
But
I sit you Tool Box of Indicators on my
Grid Charts
Hence I trade with a combination of your Tools my Grids and a little ADR

pps
Took your Hint to set the Slope Indicator to 5.1
Should the MA-Color match numbers ie 5.1 not default 5.2 now
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  • #385
  • Sep 3, 2024 5:36pm Sep 3, 2024 5:36pm
Quoting OAPDave
{quote}Hola señor. Como puede ver, mi color de fondo de gráfico favorito es el negro, por lo que es difícil ver las letras y los números en azul. Sé que a los chicos les encanta EA, pero nunca me han interesado, así que dejaré esa decisión en sus manos. Gracias por considerar mi solicitud, Dave. PD: Ahora que hay un poco de interés, mostraré lo que considero posibles operaciones, pero le pongo su caja de herramientas de indicadores en mis gráficos de cuadrícula. Por lo tanto, opero con una combinación de sus herramientas, mis cuadrículas y un poco...
I also love the black color can you share your template please
  • #386
  • Sep 3, 2024 5:40pm Sep 3, 2024 5:40pm
Quoting ange1agui
{quote} I also love the black color can you share your template please
Need to wait to see what the Boss produces
  • #387
  • Sep 3, 2024 5:45pm Sep 3, 2024 5:45pm
Maybe worth keeping an eye on ?
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  • #388
  • Sep 3, 2024 7:50pm Sep 3, 2024 7:50pm
is there any tradingview indicator that i can replicate with this strat? i want to test this
  • #389
  • Sep 4, 2024 1:47am Sep 4, 2024 1:47am
Quoting OAPDave
Maybe worth keeping an eye on ? {image} {image} {image}
Update
First Sell signal in (overbought zone)
Winning scalp Trade
Target 2
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  • #390
  • Sep 4, 2024 2:39am Sep 4, 2024 2:39am
In my humble opinion
Even if you scalp for a few pips per trade
You still need to keep an eye on the
Big Picture ?
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  • #391
  • Sep 4, 2024 3:51am Sep 4, 2024 3:51am
Colors not easy on the eye
hard to see finer detail
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  • #392
  • Sep 4, 2024 5:28am Sep 4, 2024 5:28am
Quoting OAPDave
...
In the near future I will make the changes for the text color.
---------------------------
It is not necessary to look far back in time.
The SmallWick idea relates to scalping on limited trend sequences. For trends from 6-8 bars there are about 66% bars with the same color, and of these about 66% are SW bars.
It is good to identify the existing trend on D1 or W1 in order to then scalp on H4 to possibly M15.

The slope indicator should be used to identify when the histograms have a full color (permission condition).
With 5/1 you sometimes have an earlier condition, and with 5/2 sometimes one or two later conditions are met.

It is essential to draw the Dochian channel. Good reverse trades arise when leaving the external lines. I will take this into account in the next version of the SW indicator.
If you need that, you can draw some lines within the channel.
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  • #393
  • Sep 4, 2024 5:55am Sep 4, 2024 5:55am
Quoting SwingMan
{quote} In the near future I will make the changes for the text color. --------------------------- It is not necessary to look far back in time. The SmallWick idea relates to scalping on limited trend sequences. For trends from 6-8 bars there are about 66% bars with the same color, and of these about 66% are SW bars. It is good to identify the existing trend on D1 or W1 in order to then scalp on H4 to possibly M15. The slope indicator should be used to identify when the histograms have a full color (permission condition). With 5/1 you sometimes...
Well
you are the Boss
Excellent summary of the method
Appreciated
Dave

ps

Will still find it hard to let go of my grid
But take your point
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  • #394
  • Sep 4, 2024 6:22am Sep 4, 2024 6:22am
Quoting SwingMan
{quote} In the near future I will make the changes for the text color. --------------------------- It is not necessary to look far back in time. The SmallWick idea relates to scalping on limited trend sequences. For trends from 6-8 bars there are about 66% bars with the same color, and of these about 66% are SW bars. It is good to identify the existing trend on D1 or W1 in order to then scalp on H4 to possibly M15. The slope indicator should be used to identify when the histograms have a full color (permission condition). With 5/1 you sometimes...
Attached Image (click to enlarge)
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  • #395
  • Sep 4, 2024 9:01am Sep 4, 2024 9:01am
Quoting OAPDave
Swingman I can live with this Color Scheme
Me too!
I think your second picture is OK now, you still need to add the Donchian Channel.
  • #396
  • Sep 4, 2024 10:26am Sep 4, 2024 10:26am
Quoting SwingMan
{quote} Me too! I think your second picture is OK now, you still need to add the Donchian Channel.
Like This ?
Attached Image (click to enlarge)
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  • #397
  • Sep 4, 2024 1:07pm Sep 4, 2024 1:07pm
Quoting OAPDave
Like This ? ...
It's very good like this (for me...).
The only thing I'm missing is the background color in the main chart, which would be a visual aid.

For the slope, you can experiment with 5/1 and 5/2 and see what you like better.

Just one request: maybe you can give some suggestions on how to use the intermediate lines in Donchian Channel.
My only idea is to make long trades above the median line and short trades below it.
  • #398
  • Sep 4, 2024 5:41pm Sep 4, 2024 5:41pm
Quoting OAPDave
Swingman Can you remember this Blast from the Past To be honest, in my humble opinion you were on the right track but it was not quite ( lets just say correct )
Yes, I enjoyed programming new and interesting things.
We will see whether they were or still are useful, or whether what I am programming now will continue to be used.
  • #399
  • Sep 4, 2024 6:04pm Sep 4, 2024 6:04pm
Quoting tapikotakupe
is there any tradingview indicator that i can replicate with this strat? i want to test this
Test it on MT4.
All you touch and all you see, is all your life will ever be.
  • #400
  • Sep 4, 2024 6:17pm Sep 4, 2024 6:17pm
Quoting OAPDave
...After having a look at the Donchian as you requested, this is the only way that would perhaps let me trade it in a Breakout manner, from the outside zones similar as Support & Resistance From my own method I would suggest that different time frames require a different setting ...
You can see that I don't trade the DC, it is used to mark the probable turning point in the trend.
I've also studied a successful DC system in the last few days, but it's not what interests me.
The DC is very good for pyramiding, for example, if the bars run along rising or falling external lines.

I also thought about adjusting the period to the timeframes, and for example took 25 for D1 (approx. 1 month).
But I think it is better to keep the 30 (H4/W1), because then the eye is also adjusted to the trends.
Then we'd have about 1 month for D1,
about 1 day for H1,
about half a day for M15.

The stochastic indicator with the same periods shows very nicely visually when you're in the extreme ranges, and it would be uneconomical to switch the periods when the timeframe changes. (It would also be possible to do this automatically in the programmed indicator).
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