smilee89 » Fri Aug 24, 2018 6:37 am wrote:
However, my concerns are when/how can I rely on HGI or MA's cross signal.
In other words, what are the maximum bars I need to look back so I can be assure the signal is going to stay for good?
Just to add to what has been said previously. HGI looks to multiple indicators to generate its signals. Many of these have long look back periods on higher timeframes. As a result, HGI can't be used for visual backtesting AT ALL. The MA's are based on the D1 Stochastic and not HGI and are "set" at the close of each day. But while that might lead you to think that you can look back at the charts because they won't change, that 's not the case. They are set at the point where the price closed at the end of the day. If you were actually trading on that day, price may have been very volatile and the MA's may have given trend changes on the day that are no longer shown on the "set" picture because they weren't like that at the close of the day. ALL multi-timeframe indicators have this same issue. It's not an problem with the indicator - you would have the same issue if you looked at the higher timeframe charts yourself manually every hour. Look at the daily candle from yesterday and see if you can tell where price was at 9 in the morning.... you can't and neither can the indicators.
When using multiple timeframes, you have to trade with the best information you have to hand at that moment.
does gbpaud also have sell signal?
Thanks very much for sharing this strategy. I'm new so just want to confirm from you that gbpaud also has a sell signal.
Thanks!
You do not have the required permissions to view the files attached to this post.
Wavegarrick » Fri Aug 24, 2018 7:49 am wrote:Retireme has hit it on the nail. We are trading an edge and that is it. We are trading in the here and now. I get and Hgi trend signal and I take the trade if my conditions are met. No trade will guarantee a 100% outcome. It is the amount of times that I do get it right as apposed to getting it wrong that has made it profitable for me. There is no 100% guarantee anywhere in forex. If I had it I probably would not hang around SHF.
Most of us would prefer it if you did.
Read the effing manual, ok?
Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation. pianodoodler@hotmail.com is the account.
To see The Weekly Roundup of stuff you guys might have missed Click here
My special thanks to Thomas (tomele) for all the incredible work he does here.
An example of a sell trade just taken on GbpUsd. The blue and magenta lines have crossed over and I have an Hgi sell arrow. In this case super slope doing a cross over.
Cheers
Leon
You do not have the required permissions to view the files attached to this post.
. Gu initially showed promise of a down move . I closed at 35 pips minus profit with the move going against me