xard777 wrote: Thu Oct 22, 2020 1:30 am Does anyone have the script that takes an automatic snapshot when you close your trade?
(It is costing too much to take the screenshot first then close my trade :-)

Here is the entry for trade10, both MMAvg on the Index and the screen matched.
Xard777

xard777 wrote: Wed Oct 21, 2020 3:45 pm This however, does not translate too well on forex and the like... My Bad.
Xard777

Senior Rob wrote: Thu Oct 22, 2020 3:32 am

You don't do yourself justice, our kid! Even though you developed it for Indices, it works perfectly well on TRENDING currencies!
The strategy is to IGNORE the last semafor dot/square and trade off the CONFIRMED semafor dot/square on the next higher time frame.

Since this is a "SIMPLE TREND FOLLOWING TRADING SYSTEM" we need to trade in accordance with Newton's first law of motion which states:

""An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force"".

In trading terms this means PRICE will continue to go higher and make higher highs and higher lows UNTIL it reaches a SUPPLY level (or RESISTANCE) where sellers are waiting to SELL. Eventually the sellers will create a pull back and a lower high and lower low and then the RED semafor square/dot will be confirmed and glued in place.

As with ALL "Trend Following Trading Systems" this is CRAP when PRICE is trading in a range or consolidation and will drain your account if you try to use it to trade under such conditions.

Thanks Xard

Cheers,

Rob

LJC wrote: Thu Oct 22, 2020 4:07 am

Hi Rob, How do you know when the BIG semafor is confirmed?

LJC wrote: Thu Oct 22, 2020 4:07 am Hi Rob, How do you know when the BIG semafor is confirmed?

Senior Rob wrote: Thu Oct 22, 2020 4:39 am

Continuing with GBPCAD

PRICE has now reached D1 resistance so we start paying attention to the RED SQUARE TREND semafor BUT, we do not act on it and instead WAIT for further PRICE ACTION to develop.

In accordance with Xard's strategy, we trade off the 2nd DOT so, as of now, we are just WAITING for the 2nd RED DOT to print.

For the 2nd RED DOT to appear, PRICE has to make a lower high and a lower low. At the time we are at now, PRICE has printed a lower low - the GREEN DOT. To print the 2nd RED DOT, PRICE has to move higher from the GREEN DOT but NOT higher than PRICE at the RED SQUARE TREND. If PRICE does move higher then it will print a higher RED SQUARE TREND. If PRICE stays below the RED SQUARE TREND and prints a lower swing high above the GREEN DOT then it will PRINT the 2nd RED DOT.

At that time, the conservative and SAFE entry is when PRICE CLOSES below the TREND EMA.

Senior Rob wrote: Thu Oct 22, 2020 4:39 am

Continuing with GBPCAD

PRICE has now reached D1 resistance so we start paying attention to the RED SQUARE TREND semafor BUT, we do not act on it and instead WAIT for further PRICE ACTION to develop.

In accordance with Xard's strategy, we trade off the 2nd DOT so, as of now, we are just WAITING for the 2nd RED DOT to print.

For the 2nd RED DOT to appear, PRICE has to make a lower high and a lower low. At the time we are at now, PRICE has printed a lower low - the GREEN DOT. To print the 2nd RED DOT, PRICE has to move higher from the GREEN DOT but NOT higher than PRICE at the RED SQUARE TREND. If PRICE does move higher then it will print a higher RED SQUARE TREND. If PRICE stays below the RED SQUARE TREND and prints a lower swing high above the GREEN DOT then it will PRINT the 2nd RED DOT.

At that time, the conservative and SAFE entry is when PRICE CLOSES below the TREND EMA.

Senior Rob wrote: Thu Oct 22, 2020 4:39 am

Continuing with GBPCAD

PRICE has now reached D1 resistance so we start paying attention to the RED SQUARE TREND semafor BUT, we do not act on it and instead WAIT for further PRICE ACTION to develop.

In accordance with Xard's strategy, we trade off the 2nd DOT so, as of now, we are just WAITING for the 2nd RED DOT to print.

For the 2nd RED DOT to appear, PRICE has to make a lower high and a lower low. At the time we are at now, PRICE has printed a lower low - the GREEN DOT. To print the 2nd RED DOT, PRICE has to move higher from the GREEN DOT but NOT higher than PRICE at the RED SQUARE TREND. If PRICE does move higher then it will print a higher RED SQUARE TREND. If PRICE stays below the RED SQUARE TREND and prints a lower swing high above the GREEN DOT then it will PRINT the 2nd RED DOT.

At that time, the conservative and SAFE entry is when PRICE CLOSES below the TREND EMA.

RomanUkraine wrote: Thu Oct 22, 2020 4:53 am
But how do you know where to stop?