Little Silvertrend System

-daily charts
-silvertrend indicator

BUY-when the silvertrend is up (blue above red) we wait for a close of price inside channel and hold position untill it breaks out of channel
if it breaks above blue thats our target and below red thats our stop

SEll-when the silvertrend is down (red above blue) we wait for a close of price inside channel and hold position untill it breaks out of channel if it breaks below blue thats our target and above red thats our stop

I hope the chart makes it clear what i mean

some more charts

another chart

ofcourse their is no system with 100% winners !!
look at the chart

Hi Holland,

Thanks for sharing your system, it looks very interesting. I am anxious to test it out next week.

Is there any way you could put arrows on the chart whenever the red and blue lines cross?

Thanks.

But this indicator does repainting, doesn't it?

Regards - Xaron

xaron i think so but i dont think it is so important on daily chart
maybe on smaller time frames it repaints more then on daily

oakie u get automatic alarm when there is a change in direction with this indicator

Hmm... yes, but if it repaints it will repaint after several days... So the timeframe is irrelevant.

Regards - Xaron

Hi Holland,

thanks for your response on the alert. If a separate indicator could be created that puts arrows when the lines cross, the arrows would not repaint. So, if the lines repaint, you could see where they crossed originally.
Thanks!

yeah but unfortunatly im not a programmer....maybe we could just add an arrow ourself on the chart

Thanks for sharing your system. I think trading a trending market with this method will be easy BUT the challenge is in ranging markets, those ranging market trades could severely decrease what you earned during the positive trend trades. It would be helpful to traders for you to post several trades during ranging markets, and mark on the chart where you would enter and where you would exit. And also post on the chart during a ranging market why you would not take the trade if that is the case. I think if the market is ranging you could consider switching to the Weekly chart with this method until it starts to trend again on the Daily. cheers,Fritz

its a bad system. It repaints.

hey holly...... there are times when the use of highest(high and lowest(low can be helpfull..... and there are times when it can be a heist....

silvertrend uses both...... just my observation of the code and not meant to be any ying or yang towards the indicator itself.....

SsMax = High[Highest(NULL, 0, MODE_HIGH, SSP, i - SSP + 1)];
SsMin = Low[Lowest(NULL, 0, MODE_LOW, SSP, i - SSP + 1)];


you can accomplish something similar with the use of standard moving averages..... as example use the 10 period, one simple and the second linear weighted..... there will be a cross.....

or just using one moving average of the high and another of the low will create a channel.....

toss in psar , stoch and ya never know , it might do better than silvertrend..... h