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Holy Cross System

  • #1
  • First Post: Edited 3:18pm Dec 8, 2013 2:58pm | Edited 3:18pm
Dear fellow traders,


It started when I tried to find a winning strategy. Look over here look over there. Try this try that. Til I came to this. Maybe there is NO holy grail. But what about the system I'm working on lately; checking up the DAILY price moving average, and take action, which I called Holy Cross

The Setup as chart (sample) below:



1. LWMA; I use AllAverages.ex4 because it tells me direction of trend.
Attach on each chart with the default Timeframe = 0, Price = 6, MA_Shift = 0, MA_Method = 3, ....

.... but MA_Period value: M1 = 720, M5 = 144, M15 = 48, M30 = 24, H1 = 12, H4 = 3. The values on each are the DAILY calculation divided by 2 (two); for early warning.

Price = 6 : Weighted Close (HLCC/4), and MA_Method = 3 : Linear Weighted (http://www.onlinetradingconcepts.com...AWeighted.html).


2. Default Parabolic SAR (http://www.onlinetradingconcepts.com...bolicSAR2.html).

The Indicator

AllAverages_v2.1 cc.ex4 http://www.forexfactory.com/attachme...6&d=1320348682

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 254 KB



What to look:

  1. H4 chart to see the big picture; Up or down trend by the look at the LWMA direction (green is up, red is down).
  2. Look at M1, is the trend major or minor*. Major trend would be better, or you will miss a lot of opportunities to make big profits.
  3. Determine the current trend from M1 chart.
  4. You should open position when the price cross the LWMA line on EACH timeframe.
  5. I use PSAR for the stop only (watch on M5 chart), but it could be the confirmation to open position only if the PSAR at the same point on every chart (it's a MUST on H1 and M15, do NOT trade against).

*Major uptrend is when the price above the LWMA while LWMA line is sloping up (green). Minor uptrend is when the price below LWMA while LWMA line is sloping up (green). Major downtrend is when the price below the LWMA while LWMA line is sloping down (red). Minor downtrend is when the price above LWMA while LWMA line is sloping down (red).


And so wether it long or short...

Entry Point : price crossing LWMA line on each timeframe (M1, M5, M15 and confirm by the higher timeframe so can gain more pips). Check the blue vertical and horizontal line on the chart.

Take Profit : you can set 15 pips per trade, or you can wait for stop and reversal (PSAR) on M15 chart to show up, or you can decide for yourself.

That's it.

Need help with opinions or suggestions so this system's worth while.

Thank you, FF. Thank you all. And sorry for english.

  • #2
  • Dec 8, 2013 3:24pm Dec 8, 2013 3:24pm
Thanks for your strategy. Can you upload more entry screenshots?
  • #3
  • Dec 8, 2013 6:36pm Dec 8, 2013 6:36pm
Hello!
could you pls show more charts?

thanks
.
Enter Signature
  • #4
  • Dec 9, 2013 12:26am Dec 9, 2013 12:26am
You're very welcome, guys, I just try to share some here.
Guess what the cross is not that holy.

This one works so far :

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud.jpg Size: 246 KB


See... it goes against the grain (LWMA).
  • #5
  • Dec 9, 2013 12:36am Dec 9, 2013 12:36am
more than 3 x 15 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud1.jpg Size: 262 KB
  • #6
  • Dec 9, 2013 3:30am Dec 9, 2013 3:30am
i was trying to use this strategy..

and here is the result.. but its to early to celebrate

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 35 KB
  • #7
  • Dec 9, 2013 3:35am Dec 9, 2013 3:35am
looking for the right entry..

Attached Image
  • #8
  • Dec 9, 2013 4:19am Dec 9, 2013 4:19am
This looks interesting. Subscribed
  • #9
  • Dec 9, 2013 5:34am Dec 9, 2013 5:34am
Good method. I use a similar system as well, thanks for sharing.

Can be difficult to monitor however on lots of pairs, an alert could be useful.

Also trading multiple pairs with a single cross will often give you the exact same signal at or very close to the time and will also be a stronger signal as it will show big strength or weakness in one currency if it falls or rises against it's crosses.

For example your long GBP/AUD trade could have also been taken on long EUR/AUD, and also short on AUD/USD.

Happy trading
  • #10
  • Dec 9, 2013 7:44am Dec 9, 2013 7:44am
Moving average and parabolic sar will not work long period. This system is doomed in advance.
  • #11
  • Dec 9, 2013 10:10am Dec 9, 2013 10:10am
Quoting griswold
i was trying to use this strategy.. and here is the result.. but its to early to celebrate {image}
Thanks for the trying. I can't do that (how to do that?). It sounds good.



Quoting griswold
looking for the right entry.. {image}
The right entry is when the price cross ALL of LWMA on each charts, on the major trend!, there would be delay though. See I dont wanna miss a thing (Aerosmith), so it's ok if we open position on the minor trend.

That is the Holy Cross all about; price crossing the LWMA no matter what, even though news or other events. (Am I speak english well?).

And as I mentioned "the confirmation to open position only if the PSAR at the same point on every chart (it's a MUST on H1 and M15, do NOT trade against).".

And it should be done simultaneously.
  • #12
  • Dec 9, 2013 10:14am Dec 9, 2013 10:14am
Quoting Samuelkanu
This looks interesting. Subscribed
Be my guest
  • #13
  • Dec 9, 2013 10:42am Dec 9, 2013 10:42am
Quoting Effex
Good method. I use a similar system as well, thanks for sharing. Can be difficult to monitor however on lots of pairs, an alert could be useful. Also trading multiple pairs with a single cross will often give you the exact same signal at or very close to the time and will also be a stronger signal as it will show big strength or weakness in one currency if it falls or rises against it's crosses. For example your long GBP/AUD trade could have also been taken on long EUR/AUD, and also short on AUD/USD. Happy trading
I hope so. Still working on. Could be great by your similar system's hand. And with the alert too please. Is it some kind of EA?

For lots of pair, I use to monitor them by dragging one pair to the H4 chart, one at a time. It's ok as long as I can check if the price close to the LWMA line.

Thanks for the suggestion.

That would be corelation, right? Correct me if I'm wrong.

O ya, happy trading!
  • #14
  • Dec 9, 2013 11:34am Dec 9, 2013 11:34am
Quoting GoogleTrader
Moving average and parabolic sar will not work long period. This system is doomed in advance.
Sorry, guys, as the wise man said: this system is doomed in advance, so it goes. Like a river flows surely I need to get a logical explanation about MA and PSAR meant from the wise man, in this thread. And oh for long period the wise man mean is how long? Or how short? This long? You don't know how long this is. That short you say, well I don't know how short it is.

Shall I stay? Would it be a sin? Because knowledge is power, I'll wait for the explanation, no matter how long.

Anyway take my hand, take my whole life too for I can't help to WOW! for your GoogleTraderTest1. How did you do that?
  • #15
  • Dec 9, 2013 12:40pm Dec 9, 2013 12:40pm
Quoting Initia
{quote} And oh for long period the wise man mean is how long? Or how short? This long? You don't know how long this is.
Take a random sample of your "signals" from this system, do the statistical hypothesis testing and you'll find answers to your questions.
  • #16
  • Dec 9, 2013 1:22pm Dec 9, 2013 1:22pm
Quoting GoogleTrader
Moving average and parabolic sar will not work long period. This system is doomed in advance.
i hate one liner .....first give some thing then talk like...s.ss. don't kill other initiate ...step...
Say something meaningful or Silence!!
  • #17
  • Dec 9, 2013 9:35pm Dec 9, 2013 9:35pm
Quoting GoogleTrader
{quote} Take a random sample of your "signals" from this system, do the statistical hypothesis testing and you'll find answers to your questions.
As trading is a way of learning process for me to grow, I did check out the link. I know it'll take some times to mastery. It will be paid. Thanks.

Just a thought it'd be very nice for your willingness to share your knowledge about technical analysis (or synthesis as well) and off course the process of system development, in a simple way (if any).

Well this system is ours, traders, who invest time to take steps in yet another right direction; take a random sample, just like our brother trader griswold did. I appreciate.

Pease do not take it as it is.
  • #18
  • Dec 9, 2013 9:43pm Dec 9, 2013 9:43pm
Quoting classy
{quote} i hate one liner .....first give some thing then talk like...s.ss. don't kill other initiate ...step...
Do not hate. Spread the love.

Nope. It drives me more.... Man with initia(te) won't be easy to be killed.
  • #19
  • Edited 11:33am Dec 10, 2013 8:52am | Edited 11:33am
Here is a trade from today on your system. Simply placed 100 pip TP and then went out for lunch. Came back to some nice pips.

I have added RSI, HA candles, and a volume indicator for myself.

Entry 1.8062

TP 1.7962

Minus spread = 94.5 pips.

Like I said before, however, this can be hard to monitor on more than one or two pairs if you do not have multiple screens or PC's running.

Perhaps a coder here on FF may perhaps create an alert for you or something that may help if you want to monitor more pairs.

EDIT: I placed my SL at 1.8083 which was the relative high + spread of the break out candles on each TF. As this is a momentum trade, there is no need to place a SL waaay back behind PSAR, if the trade goes against you, you should know immediately it is going against you and it is better to take the small loss.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.jpg Size: 100 KB
  • #20
  • Dec 10, 2013 9:29pm Dec 10, 2013 9:29pm
Quoting Effex
Here is a trade from today on your system. Simply placed 100 pip TP and then went out for lunch. Came back to some nice pips. I have added RSI, HA candles, and a volume indicator for myself. Entry 1.8062 TP 1.7962 Minus spread = 94.5 pips. Like I said before, however, this can be hard to monitor on more than one or two pairs if you do not have multiple screens or PC's running. Perhaps a coder here on FF may perhaps create an alert for you or something that may help if you want to monitor more pairs. EDIT: I placed my SL at 1.8083 which was the relative...
Well hey, glad to see it works. You know what you should go out for lunch some more

Heikin Ashi would be ok. I attach it to the chart. I'll see if it works for me. And errr... I don't use RSI and volume, I'm trying to keep my chart clean.

Yes maybe a coder who sees this thread can help, or buy me multiple screens? Anyone?

What do you mean with "As this is a momentum trade, there is no need to place a SL waaay back behind PSAR, if the trade goes against you, you should know immediately it is going against you and it is better to take the small loss."?
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