Ok Guys, let me answer some questions and also clear up some confusion.
On my live account I have been using 1 trade per crossover. If the blue line has crossed over the magenta line I will wait for the Hgi trend signal on the hourly time frame. I encourage traders to add on trades after the second Hgi buy signal and so forth, when they trade this on demo to get a good feel for it and see how we go with this.Are you running 1 buy/sell per crossover? or keep adding as per new HGI signals?
The beauty with this is you do not have to trade immediately when getting your Hgi signal. If I get an Hgi signal in Asia I will wait for London to open and see I i can get a better entry on any pull back. I have attached a chart below.I know it is probably signal, but do you open on signal, or candle close (if signal still exists)?
I think I came across a bit confusingly with this. I Will usually go to the 4hr time frame to see where the blue and magenta lines are in relation to the 1 hr timeframe. On the 4 hr timeframe it is ideal to see my daily stochs (Green) above the blue and magenta line for a buy signal and below for a sell signal and the hourly time frame to cross over in the same direction. It is not neccesary if you are only going to trade the hourly time frame but you need to be on the pulse if things go against your trade.I have posted the chart below to show you and I think it will answer Fx 800's question as well. I only trade with stochs on the daily time frame.So 4hr and 1hr stochs have to agree before an entry?
Do you use opp. crossover, yellow wavy, or both for exit conditions?
I close my trade if the blue and magenta line cross over in the opposite direction and I get and opposite Hgi trend signal.
It is very mechanical but yes some discretion is needed at times.How mechanical do you feel this is? ie do you use your discretion at any stage?
1 Hr chart and I trade London and New york only.Are you only trading the 1hr chart? What session are you trading then?
[/quote]Just to re-frame your explanation to make sure I understand it... if the 4hr and 1hr stochs agree, then wait for a directionally agreeing HGI Trend signal to buy/sell. Does that sound right so far?
the chart should be explanatory.
I will post some trades as and when they happen so all can get a clearer picture. Maybe some of you will come up with some good ideas that we all can incorporate. You will see on the chart that my sell trade was taken after asia close even though I had an Hgi trend signal in Asia. It is possible that down momentum is slowing down. The red Rsi line has allready moved above the blue and magenta line, just and indication that down momentum could come to an end but nothing confirmed yet. I will wait for the blue and magenta line to cross over in the opposite direction and an Hgi trend buy signal. My green daily stochs must also move up above the blue and Magenta line. This could possibly happen tomorrow. I wait patiently for this. On the 4 Hr chart a bit of a different picture. You can either wait for the green Daily stocks to move above the Blue and Magenta line and wait for a cross of the blue and magenta line and then go to the hourly timeframe and wait for an Hgi trend buy signal. This is an extra confirmation for those who like to make sure. Anyway hopefully time will tell what works best for all. Also note that you can use Baluda super slope for extra confirmation.
August has been a slow month and watching your trades is like watching grass grow.
Cheers
Leon
LW