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5 Min Gold (XAUUSD) Divergence Strategy

  • #41
  • May 14, 2014 6:13am May 14, 2014 6:13am
Quoting rozeweb
{quote} I have updated my thread and just added Hidden Divergence which is more powerful than regular Divergence.
Thanks for updating, i will practice and observe.. yes absolutely no 100% strategy, MM and diligence are key
  • #42
  • May 14, 2014 6:43am May 14, 2014 6:43am
GOOD STUFF... THKS...................................................
  • #43
  • May 14, 2014 12:19pm May 14, 2014 12:19pm
So do you trade on any specific time of the day? london session & us session typically?
  • #44
  • May 14, 2014 2:27pm May 14, 2014 2:27pm
Quoting Verve
XAU m5 sell, divergence... correct ? {image}

Hi everyone

This is a very interesting strategy. I just wondered if using a higher timeframe for the european/US session is not preferable due to much higher volatility during the day - makes the 5 min time frame very difficult to read.

Today for instance, double top with bullish divergence - thats how I read it anyway?
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm30.png Size: 45 KB
  • #45
  • May 15, 2014 12:59am May 15, 2014 12:59am
hai to all,

this is really good system,

those who feel difficult in remembering the divergence

please remember the following symbols,

BEARISH DIVERGENCE

<>
BULLISH DIVERGENCE

><

these two patterns consist both regular and hidden

the first half of the patterns for regular

and the second half of the patterns for hidden

happy trading
  • #46
  • May 15, 2014 1:04am May 15, 2014 1:04am
Quoting jmtini
{quote} Hi everyone This is a very interesting strategy. I just wondered if using a higher timeframe for the european/US session is not preferable due to much higher volatility during the day - makes the 5 min time frame very difficult to read. Today for instance, double top with bullish divergence - thats how I read it anyway? {image}
hai,

what is the strength indicator ( at top right corner) you are using?will you please share it?
  • #47
  • May 15, 2014 3:02am May 15, 2014 3:02am
Quoting jmtini
{quote} Hi everyone This is a very interesting strategy. I just wondered if using a higher timeframe for the european/US session is not preferable due to much higher volatility during the day - makes the 5 min time frame very difficult to read. Today for instance, double top with bullish divergence - thats how I read it anyway? {image}
Hi jmtini,

I am unable to understand your chart. How do you draw double top? And can you explain more about your point of view.
  • #48
  • May 15, 2014 3:03am May 15, 2014 3:03am
Quoting scalper.exp
hai to all, this is really good system, those who feel difficult in remembering the divergence please remember the following symbols, BEARISH DIVERGENCE <> BULLISH DIVERGENCE >< these two patterns consist both regular and hidden the first half of the patterns for regular and the second half of the patterns for hidden happy trading
You are the man . Great work
  • #49
  • May 15, 2014 4:14am May 15, 2014 4:14am
Quoting scalper.exp
{quote} hai, what is the strength indicator ( at top right corner) you are using?will you please share it?



Posted below

rgds
Attached File(s)
File Type: mq4 #4X 2010 Forex Power gold.mq4   5 KB | 1,033 downloads
  • #50
  • May 15, 2014 4:18am May 15, 2014 4:18am
Quoting rozeweb
{quote} Hi jmtini, I am unable to understand your chart. How do you draw double top? And can you explain more about your point of view.

Sorry don't know if I was reading it correctly! The MACD showed a higher high then the previous high although the chart did not show - is that hidden divergence? To be honest I don't know much about spotting divergence
  • #51
  • May 15, 2014 4:25am May 15, 2014 4:25am
Quoting jmtini
{quote} Sorry don't know if I was reading it correctly! The MACD showed a higher high then the previous high although the chart did not show - is that hidden divergence? To be honest I don't know much about spotting divergence
Please read the first post about hidden divergence.
  • #52
  • May 15, 2014 4:33am May 15, 2014 4:33am
Good strategy,

thank you ROZEWEB
INDICATO STRONG SR
  • #53
  • May 15, 2014 4:49am May 15, 2014 4:49am
Quoting scalper.exp
hai to all, this is really good system, those who feel difficult in remembering the divergence please remember the following symbols, BEARISH DIVERGENCE <> BULLISH DIVERGENCE >< these two patterns consist both regular and hidden the first half of the patterns for regular and the second half of the patterns for hidden happy trading
Hi My Friend Scalper.exp and My Friend Rozeweb

Sorry for my English.

Scalper.exp as this thread is great and closely related with your request by PM to me.., so i ask permission to our friend Rozeweb to post your request indicator here.
Maybe it's not perfect to show you divergence and maybe too many setting involve ..lol.
also i combine in one divergence indicator the option to select base oscillators, the default is calc type :4 - MACD with 5.21.3 for daily chart but of course you can use 'her' with LTF too. another base oscillators selection is calc type 0 - Momentum, 1 - Stoch, 2 - RSI, 3 - CCI.

Please forgive me, if this one is still in early version, since i just create 'her' today.

Hope you can enjoy 'her'

PS. this is example picture of 'her' and if you want to use 2 instances of 'her' in one chart, don't forget to give 'her' different ID.

Attached Image (click to enlarge)
Click to Enlarge Name: Divergence - Indicator example for Gold M5.gif Size: 83 KB


and My Friend Rozeweb, thank you and I wish you success with your trading system.
MTH
Attached File(s)
File Type: ex4 !___MTH MT4 B646 Standard Divergence Marker Indi.ex4   106 KB | 1,333 downloads
  • #54
  • May 15, 2014 4:53am May 15, 2014 4:53am
Quoting Kiads
{quote} Hi My Friend Scalper.exp and My Friend Rozeweb Sorry for my English. Scalper.exp as this thread is great and closely related with your request by PM to me.., so i ask permission to our friend Rozeweb to post your request indicator here. Maybe it's not perfect to show you divergence and maybe too many setting involve ..lol. also i combine in one divergence indicator the option to select base oscillators, the default is calc type :4 - MACD with 5.21.3 for daily chart but of course you can use 'her' with LTF too. another base oscillators selection...
Well done
MT4/MT5 EAs/Indicators/Alerts coder
  • #55
  • May 15, 2014 4:57am May 15, 2014 4:57am
Quoting FerruFx
{quote} Well done
Thank You for your continuous support Sir
  • #56
  • May 15, 2014 4:59am May 15, 2014 4:59am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 64 KB
INDICATO STRONG SR
  • #57
  • May 15, 2014 5:30am May 15, 2014 5:30am
Quoting Kiads
{quote} Thank You for your continuous support Sir
Hi Kiads, thanks for your contribution. I am checking your indicator, and of course you are very welcome to post your indicators , ideas and techniques. So we all together can make this strategy more powerful. Please continue to contribute
  • #58
  • May 15, 2014 5:44am May 15, 2014 5:44am
Quoting Kiads
{quote} Thank You for your continuous support Sir
You deserve it. You are doing a tremendous work here on FF especially in your own - well known - threads.
MT4/MT5 EAs/Indicators/Alerts coder
  • #59
  • May 15, 2014 5:51am May 15, 2014 5:51am
EU divergence.. going long
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 21 KB
  • #60
  • May 15, 2014 6:15am May 15, 2014 6:15am
Quoting Verve
EU divergence.. going long {image}

Hi Verve , I think divergence works well on EU GU with 15 Min timeframe and higher. You can test it on 5 Min and tell us
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