Thread: Swing x1, x2, x3 Strategy by Kelvin

I must inform you I am an intraday swing trader, so I was curious about your thread name. But for some reason, my posts tend to start battles, so I will ask you a question. How do you understand you've reached a high/low since your screenshots all are historical? I don't believe you do. I would strongly advise demo trading till you figure out it. Only a tidbit, but a 12/26 MACD crosses the 0 line close to the crossover of EMA 12 and EMA 26. Not certain if this was your signal or not. Good Luck.

Originally Posted by ;

I should tell you that I'm an intraday swing trader, so I was curious about your thread name. For some reason, my posts have a tendency to begin fights, so I will only ask you a question. Since all your screenshots are historic, how can you understand that you have attained a high/low? I really don't believe you do. Until you figure out it I would strongly advise demo trading. Additionally, only a tidbit, but a 12/26 MACD crosses the 0 line near the crossover of EMA 12 and EMA 26. Not sure not or if this was your signal that is intended. All the Best.

How can you know, in live trading, that you have attained a high/low?

I know my highs/lows once the x1, x2 , x3 candle pattern forms.
X1 is obviously the changing topmost or lowest candle in a trend. It keep changing
x2 additionally keeps changing
BUT
X3 once it shuts pass x2 . . X1 gets fixed/locked

So I know my high/low just when x3 closes. While this occurs its time for entrance.

MACD

I use MACD figures. . The figures from the Worth and Signals
Not crossovers



@ X3 MACD Value has to be gt; Signal


@ X3 MACD Signal must be gt; Worth

Kelvin

Sounds Great.

Perhaps you have seen some cases where the X1, X2, x3 occurs as well as the MACD value/signal activate was correct, but price immediately went against the egy and triggered a losing transaction. I know this touches however is if you've seen an example where the x3 and MACD were in orientation but the market went another way. Note: I've done a quick look through some pairs from last week and could identify such a case.

If no situation exists then you likely have a satisfactory filter and as a result a great egy. Afterward its figuring out the cash management bit which works and the best way to make money. I'd suggest that should be figured out before embarking on the EA development. The exit and MM bit is usually more challenging than the entry.

Here is a good example on GBPUSD H1 March 16, and some other on March 15 - admittedly they're the exception. Seem to happen in really tightly ranging markets.

Originally Posted by ;

This is an example on GBPUSD H1 March 16, plus some other on March 15 - true they're the exception. Seem to happen in ranging markets. image

Yes there are instances like this also, although few. I yet have n't discovered a way to prevent those.

A fantastic Money direction egy will go a long way.

Hi Kelvin
This is quite intriguing...
I have spent the last hour or so trying to figure out a good filter for these transactions. I tried lots of indiors and configurations .
I put on ichimoku with only the tide revealing, then I took every sell when they looked over the tide and took every buy that appeared under the tide.
SL has been above/below the #1 candle.
TP was once the reverse sign showed up, on the opposite side of the tide. That would mean closing your open trade(s) and launching new trade going the other way. I say trade(S) since in the event that you get more than one sign you should take it. You might have 2 or more transactions at all would shut when the opposing signal shows up on the side of the tide.

I have tested this on EURUSD 1hr chart for each of March 2018 and it appears quite promising I can try more TFs and pairs once time permits.
On my chart you will see Aqua numbers under/over the corresponding transactions, these are the amount of pips won/lost in the trade. Those with SL means the SL was hit and the number of pips were lost. All numbers are based from the near price of3 candles.
Total pips gained without the 133 open trade is 290 pips.

on.

Chris


EDIT EURUSD 4hr August 30 2017 to now 783 pips with 66 pips available
USDJPY 4hr Sept. 01 to now 881 pips
GBPJPY 4hr Sept 01 till now 557 pips (quite volatile)
Gold 4hr sept 22 till now 1608 pips
OIL 4hr sept 01 till now 1168 pips with 252 available

I believe there is enough to warrant a forward test on several pairs. Can post 4 hr results.

Hello kelvin,
You can talk about the MACD indior which you are using.

FILTER FOR BUY
@ X3 MACD Value must be gt; Signal
FILTER FOR SELL
@ X3 MACD Signal must be gt; Value

that I backtested along with your rules, but sometimes, can you help me explain. Pls see more detail.

Originally Posted by ;

Hi Kelvin This is very interesting... I've spent the last hour or so trying to find out a fantastic filter for all these trades. I tried lots of indiors and configurations . I set on ichimoku with just the tide revealing, I took each sell when they appeared over the tide and took each buy that seemed under the tide. SL has been above/below the candle that was # 1. TP was when the reverse signal showed up, on the other side of this tide. That would mean shutting your open trade(s) and launching new trade going the other way. I say trade(S)...

Hello Chris

Well done. Ichimoku with just the tide appears a filter.

T.P
. . .TP when the signal showed up, on the other side of this tide. That would mean shutting your open trade(s) and launching new trade moving the other way... This seems right This implies also wining trades will run longer.

S.L
S.L is over x1 when on market position. On buy position s.l is under x1. Then also when there forms a counter setup.

Constantly keep me updated with much more of your test results. I thank you.

Regards
kelvin

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Enjoy new trading ideas being shared

Thank you for the machine, can pls upload templete?