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| Basket Trading BALUDA'S CSS Crossovers https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=4910 |
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| Author: | TraderJoeForex [ Mon Oct 24, 2016 8:41 pm ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
When the global market trend line is pointing up then the average based on all the pairs selected is trending more than ranging... so any trend based system (like the way we are using CSS here) has a better chance of doing better when the whole market is pushing this way. Visa Versa for counter trend or other contrarian strategies where you would want the line pointing down showing the market is ranging more than trending. For us here we want the line pointing up i.e. delta to be +ve for sure. Open baskets will have increasing drawdown when the line is pointing down. The question is how do we define the turn .. i.e. what is the best timeframe to observe, how many candles do we look back and what is the minimum delta that is safe for us to jump back in. Also whether it is better to cut a whole basket if the Global trend turns against or hold and just stop adding until it turns back. Essentially this indicator shows the whole market cycle.. it is certainly very interesting to watch |
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| Author: | Haggadah [ Tue Oct 25, 2016 12:00 am ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
Is it possible to have a hot link from the DBoard by clicking the Pair to the individual Chart? Thank you. |
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| Author: | MathiasJ [ Tue Oct 25, 2016 12:13 am ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
Hi! I add that suggestion to my list. It is planned to happen together with the new layout. Br Mathas |
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| Author: | syberiapoya [ Tue Oct 25, 2016 12:28 am ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
Guys, I too noticed that CSS crossovers look exceptionally like a 7 period LWMA. I used the "MA In Color" indicator to better see it. Any thoughts about this? |
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| Author: | TraderJoeForex [ Tue Oct 25, 2016 1:47 am ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
Yes.. if you have read Bob's teachings prior to CSS you will note how well price crossing 7LWMA seems to offer a lot of correlation to a coming change in the direction of price action. I think CSS is based on TMA rather than LWMA but once the bar has closed the reading will be the same. They way I read it TMA just offers more information during the candle as it updates. |
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| Author: | Raj4x [ Tue Oct 25, 2016 5:00 am ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
It's indeed an interesting indicator, been watching it like you mentioned. Do you know what it's based on...i.e. how does it measure each pair and then come to a final curve? Cheers |
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| Author: | syberiapoya [ Tue Oct 25, 2016 10:26 am ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
OK, I appreciate the explanation. |
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| Author: | syberiapoya [ Tue Oct 25, 2016 10:38 am ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
During the last two days I had two 15% percent drawdowns that triggered a basket close. I've attached the set file that I've used. |
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| Author: | syberiapoya [ Tue Oct 25, 2016 10:43 am ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
However in one day, using TraderJoeForex's H1D1 set, I have a 4% drawdown & no basket closes. The basket has recovered from a bigger drawdown from USDCAD. |
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| Author: | TraderJoeForex [ Tue Oct 25, 2016 1:29 pm ] |
| Post subject: | Basket Trading BALUDA'S CSS Crossovers |
Just had my 3rd basket close since yesterday: 1 basket from M5H1 (magic 1) 2 baskets from H1D1 (magic 2) .. the drawdown being kept nice and low with H1D1 |
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