Re: G-Channel Trend Trading System for all timeframesMagic! Thank you for giving us a new, updated template I've added them to the original postMustafa wrote: Sun Oct 09, 2022 9:27 pm Thank you Jimmy for saving it! It is a good system. It incorporates some of the XARD without making the system heavy. Just to make it more efficient, I have removed the Trigger Zone indicators and added something else.... It will be truly a replica of Xard system without being heavy on the eyes...... Can be used on any timeframe and with any instrument now.... And my regards to the XU-Semafor BT developer.... Outstanding job... The new Template, additional indicator, and the new look all are there for everyone's perusal. The VQ indicator is a bit slower but it can be used for confirmation...
I put the system on 1Minute chart and asked myself if I can use the signal generated without changing the timeframe of my chart. The answer that came to my mind is: Yes! May be I am biased since it is my system. But let's break it down. I see a second dot which forms after the big Square dot, The dot forms under the avg. of the G Channel. It is confirmed by divergence on the RSI. I wait further till the candles change color. Now since Semafor and the Channel indicate the current trend is down, I place the trade and let it run till it makes me a decent reward. I close the trade. So I establish that when the following things occur in confluence, I can confidently place a trade which would have a high winning probability with enough confirmations. I wouldn't get many trades a day but the ones I get meeting all these conditions are good trades irrespective of whether they are winners or losers. The dot repaints but with RSI it becomes more predictable to know when a dot is going to stay... I hope the system has got enough checks and criteria to filter out some really good signals out of the chaos. It is these few signals which really count. One just has to be patient and observant. It is independent of Multi timeframe analysis...josi wrote: Sun Oct 09, 2022 10:18 pm Don't take this the wrong way - just a suggestion:
"the answer is" - not only - RSI but any reliable indicator. Why?
Because it is not about the indicator, at all, but about higher TF (i. e. the directional bias of your choice).
Thanks for the tips. I just learnt about the indi today, thanks to Jimmy's post.Alphonse91 wrote: Mon Oct 10, 2022 4:27 am The G channel is truly a hidden gem. I've used it since it was first posted in this forum. I personally make the upper band and the lower band invisible as they can behave like a fractal, though you can use them as a nice breakout indicator. The middle line is the gold, you can use it as a baseline, and you can also use it as an exit indicator if you counter-trade, it's also a solid S&R line. The wider the gap between the upper band and the lower band with the middle band indicates that the price is in a nice long trend. The smaller the gap tells you in a slow range activity.
" I wouldn't get many trades a day...." Well, as I can see on your chart, there are a lot, trading pullbacks off the G Channel Midline i.e. adding trades all the way down. Even countertrades off the dotted channel outlines make fun. No, not in an obvious trend of course. I would not do that.Mustafa wrote: Mon Oct 10, 2022 3:29 am I put the system on 1Minute chart and asked myself if I can use the signal generated without changing the timeframe of my chart. The answer that came to my mind is: Yes! May be I am biased since it is my system. But let's break it down. I see a second dot which forms after the big Square dot, The dot forms under the avg. of the G Channel. It is confirmed by divergence on the RSI. I wait further till the candles change color. Now since Semafor and the Channel indicate the current trend is down, I place the trade and let it run till it makes me a decent reward. I close the trade. So I establish that when the following things occur in confluence, I can confidently place a trade which would have a high winning probability with enough confirmations. I wouldn't get many trades a day but the ones I get meeting all these conditions are good trades irrespective of whether they are winners or losers. The dot repaints but with RSI it becomes more predictable to know when a dot is going to stay... I hope the system has got enough checks and criteria to filter out some really good signals out of the chaos. It is these few signals which really count. One just has to be patient and observant. It is independent of Multi timeframe analysis...
