Also another thing guys, When working with multi timeframe indicators it is utmostly important to ensure that your chart history is updated else your indicators will not work properly. There are history download scripts or you can do it manually by zooming in and out of the charts from the 1min to the monthly timeframe for the charts or currency pairs that you wish to trade.
Furthermore I have no answers.
Cheers
Wavegarrick's HGI Trading
- Wavegarrick
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Just al little synopsis on my my earlier example on EurNzd. All looks good for a swing to the upside, so far. However I need to wait for an hourly up trend signal now for confirmation.
Nothing cast in stone, confirmation is key.
Cheers
Leon
Nothing cast in stone, confirmation is key.
Cheers
Leon
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Thanks for all the thorough replies LeonWavegarrick » Mon Aug 20, 2018 7:39 am wrote: I close my trade if the blue and magenta line cross over in the opposite direction and I get and opposite Hgi trend signal.
With the above, do you mean, you close on opp. dir. AND HGI? or opp. dir. OR HGI?
Oh and another qn, how many trades would you do in a week? And do you watch the charts every hour or so? or do you need to be a bit more on the pulse?
Awesome
LW
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EURAUD looks good too.Wavegarrick » Mon Aug 20, 2018 5:30 pm wrote:Just al little synopsis on my my earlier example on EurNzd. All looks good for a swing to the upside, so far. However I need to wait for an hourly up trend signal now for confirmation.
Nothing cast in stone, confirmation is key.
Cheers
Leon
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- pathenry
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Add this to the indicator window 1 (Center) section of your windowsmilee89 » Tue Aug 21, 2018 7:21 pm wrote:I still miss the green line (stoc?) in the lower window.
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You won't really understand GRACE until you fully realise you've been GRACED.
- Wavegarrick
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Hi LW,lwtrade » Mon Aug 20, 2018 9:20 pm wrote:Thanks for all the thorough replies LeonWavegarrick » Mon Aug 20, 2018 7:39 am wrote: I close my trade if the blue and magenta line cross over in the opposite direction and I get and opposite Hgi trend signal.
With the above, do you mean, you close on opp. dir. AND HGI? or opp. dir. OR HGI?
Oh and another qn, how many trades would you do in a week? And do you watch the charts every hour or so? or do you need to be a bit more on the pulse?
Awesome
LW
If a trade goes into a loss immdediately I will close the trade immediately on an opposite cross of the blue and magenta line, but if in a nice profit I will wait for an opposite cross a well as an opposite Hgi Trend signal. It is up to each individiual to develop their own style. This is a short to medium term strat and trades can last 3 days or 3 weeks and more.
There are not many signals. I only trade positive swaps on my live account. Simple reason that I can hold my trades for a period of time. So not that many trades per week. I do encourage all to trade every signal when trading on demo to get a proper feel for this method.
For traders not at their work station often I suggest setting a stoploss and some sort of trail stop.
To make life easier for myself I check Rene's Hgi matrix every hour or so for hourly Hgi Trend signals. If my trade conditions are met I open the trade.
Cheers
Leon
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Nice one, thanks Pathenry. This should help a couple of guys out.pathenry » Tue Aug 21, 2018 9:59 am wrote:Add this to the indicator window 1 (Center) section of your windowsmilee89 » Tue Aug 21, 2018 7:21 pm wrote:I still miss the green line (stoc?) in the lower window.
Cheers
Leon
- Wavegarrick
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Yes it could be. Anyway I suggest that all do a proper forward test to evaluate the method properly.zafh » Tue Aug 21, 2018 5:24 am wrote:Something new to play around with, also a potential new HGI EA in the future as it is mostly mechanical.
Thanks for this.
There are other things one can do when trading manually of course by looking at sixths and so forth when making the trade decision.
My pleasure Zafh.
Cheers
Leon