I am thrilled with HGB'nG this week. Live trading results: I had two days where HGI generated signals in time to catch some of the big moves we saw. Twice HGI generated a GU buy signal just before the market turned dramatically in the opposite direction. Hedging closed both positions at +30. The contrast between that and what would have happened were I still trading stop and limit orders makes me slightly queasy.
V 1w is in post 1, with two new HGI and one new semafor inputs.
HGI inputs, Copied from the updated user guide:
- FridayStopTradingHour: this tells HGB'nG to ignore HGI signals after this hour on Friday, to avoid getting into trades too late on Fridays. Input this hour in your own local time, in 24 hour format; ignore your broker time. Disable it by setting it to anything > 23.
- SaturdayStopTradingHour: the equivalent to FridayStopTradingHour for our friends in Upside Down Land.
- CloseImmediatelySemaforAppears: tells HGB'nG to close trades immediately a relevant semafor appears on the current candle. The rationale is that the hilo of the previous 34 H4 candles is the hilo of more than a week of trading. A lot of traders will have their take profit at these levels, and I have seen the profits of a number of grids drop substantially as the market begins an immediate retrace.
