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Holy Cross System

  • #41
  • Dec 20, 2013 4:50am Dec 20, 2013 4:50am
Quoting guilherme
{quote} Hi Initia, Congrats for the share. It look a great system. Will try to test it too and maybe help on something. About this new indicator (the bars at lower window)....you have 3 colors ( green, red and black ). What´s the meaning of each one ? The black is the cross ?
The HolyCross.v1.0 indicator is used to signal when the HolyCross System requirement that price be above/below the HolyCross trend line and the HolyCross trendline be long/short on all timeframse (M1,M5, M15, M30, H1, H4 (selectable) ) concurrently. The indicator signals in a histogram for each time bar and it has has three color lines. A green line signals that AllAverages_v2.5_hc is indicating long and pricing is above AllAverages_v2.5_hc concurrently on all of the selected timeframes for that time bar. A red (tomato) line signals that AllAverages_v2.5_hc is indicating short and pricing is below AllAverages_v2.5_hc concurrently on all of the selected timeframes. A NavajoWhite line indicates that the condition of al timeframes having the same trend signal from AllAverages_v2.5_hc is not met. Some timeframes may be long and others short, or prices is not above the AllAverages for long or below for short. There is no "black" line.

Hope this clarifies things.
  • #42
  • Dec 20, 2013 8:23am Dec 20, 2013 8:23am
@ EasyRyder : thanks, you clarify very much things.

I can add : with this "price must be above the respective AllAverages line" or "price must be below the respective AllAverages line", price MUST CROSS the AllAverages line before, AND not too far from the AllAverages line. There you get the PERFECT signal.

@ guilherme : Thanks. Can't wait for your help.

@ lghr : I can tell that the preliminary simple ea AND the recode one too DON't meet the idea behind this system. Please read from the first post, recode the ea, test it, and if you wish share it with others here. Thank you.

....

Why "there is no period defined for D1, W1, and MN1"?
Well I don't need those periods, because this system based on DAILY price action, which represented by the price on each M1, M5 M15, M30, H1 and H4.

Why daily basis?
I found that the DAILY is THE STRONGEST averages of price action.


Good trading!
  • #43
  • Dec 22, 2013 2:57pm Dec 22, 2013 2:57pm
Hello all. I have come to respect the HolyCross trend indicator as a good indication of trend, and I am using it in my strategies. However, I found my original indicator (v1.0) posted on this thread to be cpu intensive when placed on multiple charts. The attached v2.0 should be much more efficient on multiple charts.

Good trading.
George
Attached File(s)
File Type: ex4 !!!!!!!!!!HolyCross_Signal.v2.0.ex4   7 KB | 491 downloads
  • #44
  • Dec 26, 2013 11:29am Dec 26, 2013 11:29am
Quoting EasyRyder
Hello all. I have come to respect the HolyCross trend indicator as a good indication of trend, and I am using it in my strategies. However, I found my original indicator (v1.0) posted on this thread to be cpu intensive when placed on multiple charts. The attached v2.0 should be much more efficient on multiple charts. Good trading. George {file}
Very nice, George.

Some entries I took with v2.0 (anyway it's still written v1.0 on the bar).

Attached Image (click to enlarge)
Click to Enlarge Name: ff2.jpg Size: 279 KB
  • #45
  • Dec 26, 2013 11:55am Dec 26, 2013 11:55am
Quoting Initia
{quote} Very nice, George. Some entries I took with v2.0 (anyway it's still written v1.0 on the bar). {image}

Attached you will find v2.1 which simply corrects the version number that is displayed in the corner of the Indicator Window to v2.1.

Hope it works well for you.

George
Attached File(s)
File Type: ex4 !!!!!!!!!!HolyCross_Signal.v2.1.ex4   8 KB | 597 downloads
  • #46
  • Jan 3, 2014 6:48am Jan 3, 2014 6:48am
Quoting EasyRyder
{quote} Attached you will find v2.1 which simply corrects the version number that is displayed in the corner of the Indicator Window to v2.1. Hope it works well for you. George {file}
I was using the holycross signal on 5 minute TF and noted reprinting of some bars from green to no color only to continue as the prevailing red. In what circumstances do you expect this? Thanks
  • #47
  • Jan 3, 2014 7:18am Jan 3, 2014 7:18am
Quoting aelimian
{quote} I was using the holycross signal on 5 minute TF and noted reprinting of some bars from green to no color only to continue as the prevailing red. In what circumstances do you expect this? Thanks

The phenomenon you are seeing will occur with any multi-timeframe indicator implementation that computes signals at the current time point. By attempt at explanation, if you are looking at a 5m chart, the indicator will calculate HollyCross signals for each higher timeframe -- 5m, 15m, 30m, H1, H4. When the 5m candle closes, the 15m, 30m, H1, and H4 candles will still be open. Lets look at the H4 candle, as it is the most extreme case. The H4 candle can remain open for nearly 4 hours after the 5m candle closes. If prices is floating up and down close to the LWMA 3, Weighted ma on the H4 chart, the signal on the 5m chart canl toggle on and off for up to 4 hours. The only way around this is to sense only closed candles on the higher timeframe charts. But if you sense the last closed candle on the H4 chart, then your signal is really 4 hours late. When you are trading the HollyCross strategy without the indicator, you simply go the H4 chart to see if the LWMA 3, Weighted is green and price is above it (for long). If you go back later (up to 4 hours later) price may no longer be above the LWMA 3, weighted. So you manual checking of the strategy conditions also "repaints". Which do you prefer -- a 4 hour late signal, or a current signal. Note that you will only see this "repainting" of the indicator when you open and close the indicator because opening and closing the indicator causes MT4 to recalculate the indicator.

Hope I have explained this clearly. Every time I produce a mtf indicator for a forum, I struggle with this explanation.

George
  • #48
  • Jan 3, 2014 7:52am Jan 3, 2014 7:52am
Quoting EasyRyder
{quote} The phenomenon you are seeing will occur with any multi-timeframe indicator implementation that computes signals at the current time point. By attempt at explanation, if you are looking at a 5m chart, the indicator will calculate HollyCross signals for each higher timeframe -- 5m, 15m, 30m, H1, H4. When the 5m candle closes, the 15m, 30m, H1, and H4 candles will still be open. Lets look at the H4 candle, as it is the most extreme case. The H4 candle can remain open for nearly 4 hours after the 5m candle closes. If prices is floating up and...
Thank you.
  • #49
  • Jan 3, 2014 8:41am Jan 3, 2014 8:41am
Quoting EasyRyder
{quote} Hope I have explained this clearly. Every time I produce a mtf indicator for a forum, I struggle with this explanation. George
Yea George, and so you produce some good for more

Anyone doing the backtesting? Come share the result here.

Attached Image (click to enlarge)
Click to Enlarge Name: ff.jpg Size: 263 KB


Good trading!
  • #50
  • Jan 3, 2014 9:33am Jan 3, 2014 9:33am
Quoting Initia
{quote} Yea George, and so you produce some good for more Anyone doing the backtesting? Come share the result here. {image} Good trading!

Nice set of signals, Initia!! Wait for a HolyCross trend, wait for a pullback from the trend, and enter on the trend resume. I note that in the case of the AUDUSD and the NZDUSD, the retrace is not seen in the indi signals. Let me give you something to think about. I could add another signal to the indi, such as "Stochastic_Signal_Enable". You could then put two instances of the indi on the chart. In one instance, you would set HolyCross_Enable = true and Stochastic_Signal_Enable = false. This would show you the trend. In the second instance of the indi, you could set HollCross_Enable = true and Stochastic_Signal_Enable = true. This would show you the trend plus the pullbacks, hence giving you notice of a possible entry. Does not have to be Stochastic. And the rules for the signal must be clearly defined. For example, is a retraced based upon OBOS of stochastic, or simply the slope of the stochastic line? Parameters of the stochastic could be external parameters so you could change them.

George
  • #51
  • Jan 5, 2014 1:42pm Jan 5, 2014 1:42pm
Quoting EasyRyder
{quote} I note that in the case of the AUDUSD and the NZDUSD, the retrace is not seen in the indi signals.
I took the entry on AUDUSD and NZDUSD is because the MA signs as a trend detector, major uptrend

And so guys Moving Average could be a trend detector, be a support or resistance, and even an indicator that buyer or seller's sentiment has changed.


.............

Quoting EasyRyder
{quote} Let me give you something to think about. I could add another signal to the indi, such as "Stochastic_Signal_Enable". You could then put two instances of the indi on the chart. In one instance, you would set HolyCross_Enable = true and Stochastic_Signal_Enable = false. This would show you the trend. In the second instance of the indi, you could set HollCross_Enable = true and Stochastic_Signal_Enable = true. This would show you the trend plus the pullbacks, hence giving you notice of a possible entry. Does not have to be Stochastic. And...
I guess stochastic is good to identify OBOS in the trend....

Good idea, George! Yes, add it to the indi, which is, as you said, would show the trend plus the pullbacks.

Just make sure each %K period is the same as the values on each MA_period for each timeframe; periodM1=720, periodM5=144 and so on.

Thank you.
  • #52
  • Jan 5, 2014 2:44pm Jan 5, 2014 2:44pm
[justify]Hi Initia. What do you say to buy signal on EURAUD, EURJPY? thank you.[/justify]
  • #53
  • Jan 5, 2014 7:46pm Jan 5, 2014 7:46pm
Quoting SimpleR
Hi Initia. What do you say to buy signal on EURAUD, EURJPY? thank you.
Hi SimpleR, sorry I don't understand the question.
  • #54
  • Jan 6, 2014 4:23am Jan 6, 2014 4:23am
Quoting Initia
{quote} Hi SimpleR, sorry I don't understand the question.
There was a signal to EJ, GJ, EA. I wanted to know your opinion. Sorry for my bad english.
  • #55
  • Jan 6, 2014 5:29am Jan 6, 2014 5:29am
Quoting SimpleR
{quote} There was a signal to EJ, GJ, EA. I wanted to know your opinion. Sorry for my bad english.
I see. But there was, right?

For now I see Sentix Investor Confidence can make EUR rising. While on my daily chart JPY and AUD is still strong. And GBP falls as Services PMI drops.
  • #56
  • Jan 8, 2014 8:21am Jan 8, 2014 8:21am
Hello all traders in here!

I like this system alot it is very simple to use,,,
Are you trading this strategy every day?
Would be nice if you conected this threead to a trading explorer

HAPPY TRADING ALL,
  • #57
  • Jan 8, 2014 2:28pm Jan 8, 2014 2:28pm
Hi all
6 tf in one chart, it look ok for me.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym15.png Size: 42 KB
  • #58
  • Jan 8, 2014 3:55pm Jan 8, 2014 3:55pm
Quoting FxHope
Hi all 6 tf in one chart, it look ok for me. {image}
Nice!
Does it show correct (the same as if you had six charts)?

You now always look on m15? They show wrong if you change time on chart right?

Happy trading!
  • #59
  • Jan 8, 2014 5:33pm Jan 8, 2014 5:33pm
Quoting KennyForex
{quote} Nice! Does it show correct (the same as if you had six charts)? You now always look on m15? They show wrong if you change time on chart right? Happy trading!
Yes it show correct. I change time frames and the vertical white line show the exact point for position.
  • #60
  • Jan 9, 2014 1:13am Jan 9, 2014 1:13am
Looks interesting. Is anybody coding an ea for that system or evolves the existing one?
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