Complex trading system #2 (“2-Cross”)

Hi Edward,
How do I get the code for the 2 cross trading system?
Thank you.

Darren
dgsteckman@yahoo.com

Hi Darren,

Are you asking about EA for MT4?
I'm sorry, I don't have one.
I have no MT4 coding skills.

regards,
Edward

Edward,

First off, thank you for these strategies. I'm a fairly new trader fresh out of a basic FX course & am now looking to develop a strategy of my own. I'm very intrigued with this 2-Cross method & have been playing with it in my demo account, mixing with other methods as well. I was curious if there was any specific reason why you recommend a 3 hour frame for this? I've noticed that the indicator (double cross) really does lag behind on the 3 hour chart & only gives a complete signal by the time the pip move is almost completed. I experimented with the 1 hour time as someone else mentioned and it seemed to give the signals just in time for the pip moves, but in the majority of my trades, I seemed to only take losses (lines would cross one way only to quickly round back the other way) so now I question the hour chart's accuracy and/or potential for false signals. Is there any light you could shed on this?

Thanks very much!

The higher the time frame the less false signals are expected. That's the only reason.
But actually you may try hourly time frame as well if you use this system for entries only. Exits should be found by using other methods.

Regards,
Edward

Hi Edward,

I believe most in this system among your various trading systems.
One simple question.
Altough 3H is the preferred timing, does it work in 2hours also? Did you test it? If not, I started testing it ;)

Thanks
cK

Hi cK,

I haven't used it for 2 hour time frame and would appreciate your research on that.
Thank you :)

Regards,
Edward

Thanks Edward,

Unfortunately yesterday I loose 50PIPs with the 2H set-up :(

Do not recommend definetly...

P.S: If I should have traded on the 4H it was working fine.

I thought it may be helpful for the others.
Best
cK

Hello all,
I feel like most of the people posting on this forum do not realize they are gaining or losing pips due to luck! Unless you are trading at pits and peaks and not making any note of it, there should probably be more consideration of time scales, supports, and resistance. I feel that those who are losing pips due to this system are not placing their buy at a support(downtrend) or resistance(uptrend), but rather going long or short the instant the indicators look right. Try observing a single currency pair historically. Pick a date(current works best), and start with a day chart, then progress down through 60 minute, 30 minute, using whatever intervals you have. Look at how that currency pair is almost always falling to "support" or rising to "resistance." Each one of those falls or rises is made up of more smaller scale falls and rises. This continues all the way down to the ticker. Most people can spare a few pips, so viewing the ticker may not be important, but even on a minute chart large fluctuations can occur, which can put many people at a loss.

To avoid this loss, you need to wait for the next support or resistance on the chart with the largest time scale you are trading with(the main one you use should be the largest one - so 1 to 3 hour is fine for this system). Sometimes, waiting for a support or resistance could take too long, and in that case I would honestly say just dont do the trade. Some people do have the capital to spare enough pips that these fluctuations should not matter, but most people probably do not, so just take a look at what I had to say and consider it.

Some tools you might find useful in analyzing when exactly the support and resistance levels occur are the SMA with a low period rate (20 - 25), and stochastics which are also very helpful, but can be misleading in some cases.

Good Luck to all and hope this helps!