Golden-Cross Trading-Idea

Quoting SwingMan

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{quote} Hello @ENoris, I’m glad to see that you’re interested in the idea of the Golden Cross, and I’ll try to provide some explanations. Did I understand correctly that you’re around fifty years old, have some eye problems and struggle with laziness, and are considering early retirement? In that case, having a simple and profitable trading system to enjoy your free time would be important. As for me, I’ll be seventy-eight in the fall, have a small part-time job, and because I’m also lazy, I hardly program anymore. If I see that you or other members...

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Quoting SwingMan

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{quote} Comments: · The Golden Cross is based on the prediction of the crossing of two moving averages, with certain rules for TP (Take Profit) and SL (Stop Loss). The highlighted areas on the bars in the chart indicate a change in the local trend, meaning one should exit an existing trade at the close (or the next open). The bright backgrounds in the chart correspond to the indicator GC Trend_v2.2.(30). It’s essential to also plot the Donchian Channel (30)—I’ll explain why later. · Unfortunately, the charts I post now contain a mix of the two ideas:...

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Quoting SwingMan

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On this page I have made a few comments that one should read: https://www.forexfactory.com/thread/...3#post14975183

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Quoting ENoris

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Hi Everyone, I’m trying to solve SwingMan’s task (Ref Post #20 , Ref Post #295 ) to find the predicted Close price (C_6) on Day 6 where the 5 SMA of Open prices equals the 5 SMA of Close prices. Here’s a simple explanation focusing on SMA, as SwingMan recommended. As SMA is the average of the last 5 prices. The cross happens when the Open SMA equals the Close SMA on Day 6.

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double Get_CloseForecast(int timeFrame,int iBar)
  {
   double dCloseForecast = 0;
   double dMaOpen = iMA(Symbol(),timeFrame,MA_Period,0,MA_OpenClose_Method,PRICE_OPEN,iBar);
//             ****************************************
//             *           LWMA                       *
//             ****************************************
   if(MA_OpenClose_Method == MODE_LWMA)
     {
      double tmpS = 0,tmpW = 0,wsum = 0;
      for(int i = 0; i < MA_Period; i++)
        {
         wsum += (MA_Period - i);
        }
      double sumWCloses = 0;
      double tmpSW = 0,tmpWW = 0,wsumW = 0;
      for(int i = 1; i < MA_Period; i++)
        {
         tmpWW += iClose(Symbol(),timeFrame,iBar + i) * (MA_Period - i);
         wsumW += (MA_Period - i);
        }
      sumWCloses = tmpWW / wsumW;
      dCloseForecast = (wsum * dMaOpen - tmpWW) / MA_Period;
     }
   else
      //             ****************************************
      //             *           SMA                        *
      //             ****************************************
      if(MA_OpenClose_Method == MODE_SMA)
        {
         double tmpWW = 0;
         for(int i = 1; i < MA_Period; i++)
           {
            tmpWW += iClose(Symbol(),timeFrame,iBar + i);
           }
         dCloseForecast = MA_Period * (dMaOpen - tmpWW / MA_Period);
        }
//---
   return(dCloseForecast);
  }

double PredictedClose(double openPrices[], double closePrices[], double openDay6) {
    // Calculate sum of open prices for days 2 to 6
    double sumOpen = openPrices[1] + openPrices[2] + openPrices[3] + openPrices[4] + openDay6;
    
    // Calculate sum of close prices for days 2 to 5
    double sumClose = closePrices[1] + closePrices[2] + closePrices[3] + closePrices[4];
    // Solve for Close Price on Day 6
    double predictedClose = sumOpen - sumClose;
    return predictedClose;
}
// Example usage
void OnStart() {
    double openPrices[] = {0, 10, 11, 12, 13};  // Open prices for Day 2-5 (Index 1-4)
    double closePrices[] = {0, 10.5, 11.5, 12.5, 13.5};  // Close prices for Day 2-5 (Index 1-4)
    double openDay6 = 12;
    double predictedClosePrice = PredictedClose(openPrices, closePrices, openDay6);
    Print("Predicted Close Price for Day 6: ", predictedClosePrice);
}

Quoting SwingMan

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{quote} Hi @ENoris, I'm very impressed by your posts on calculating the predicted crossover of the two MAs. Nobody has the courage to do that! My recommendation would be to take your time and start programming slowly in MT4. Later, you can also implement your own ideas, and that's fun. Here's a function for calculating the crossover. Please check if it's correct! double Get_CloseForecast(int timeFrame,int iBar) { double dCloseForecast = 0; double dMaOpen = iMA(Symbol(),timeFrame,MA_Period,0,MA_OpenClose_Method,PRICE_OPEN,iBar); // ****************************************...

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Quoting ENoris

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#Post 445 Please explanation on the chart will be much appreciated (whre i have commenetd) I have also copied below: 1) These Orange backgrounds pointed by arrows represent the HTF i.e weekly but they should span at least 5/6 candle for a week, As pointed I am bit confused as why they are not spanning 5/6 candles and showing the correct HTF trend. 2) I am using the latest version 7.1 of the Golden Cross but on the top left it displays GC Signals v5.0 3) When I set the Comments/ Panel info from another indicators, the preious The one showing...

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Quoting SwingMan

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{quote} - For the trend for the Upper Time Frame, I originally considered the TFs. I think I also wrote somewhere that there are problems with the correct calculation and display of the background areas, so currently I simply use the moving average with a period of 30. For H4 charts, these 30 bars correspond to one week. - For comments in the upper left corner, the comments written by the most recently loaded indicator are always displayed. You can then allow the information to be displayed only for one of the indicators.

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Quoting ENoris

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Post #447 I’ve attached the D1 Gold Chart for reference. I’m a bit confused about the chart signals: On the top right, it shows a Sell Stop. On the bottom right, it shows an Entry UP. Any idea why both signals are appearing simultaneously? Thank you for your time and support. Best EN {image}

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Quoting ENoris

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Post #453 I entered a trade slightly later than the signals displayed in the bottom right. I risked 1% of my account at 76.50, marked with a blue horizontal line on my chart. I split the position into two lots to set take profit levels: TP1 and TP2. TP1 has been hit, and I’m now waiting for TP2 to see if it plays out. Let’s see how it goes. Any thoughts on managing split TP levels will be much appreciated. {image}

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