Cross-X is a trend following indicator that delivered signals to traders on the Tradingview platform. It is easy to use, smooth, highly profitable and do not repaint.
Cross-X is a trend following trading system
Trend trading (or trend following) is an outstanding way to profit from large moves in the markets without spending a lot of time in front of the computer. Trend traders identify trends and find low risk entry points from which they hold their position until the trend reverses. This style works in all market and can be highly profitable given sufficient diversification, strong risk control and the discipline to stick to the system. Trend trading is usually considered a mid to long-term trading strategy, traders are who will identify a trend and ride it from start to finish, ignoring day-to-day fluctuations.
How it works
Trend is your friend
Cross-X strategy is designed to help you identify trends as early as possible and exit the market before they reverse. Both the opening price and closing price, plus momentum, psychology, price action, strength of a trend, the trading range of every individual candle provide a wealth of information that can be used to identify the ebb and flow of the trend. Candle colors: Green = signal is buy.Red = signal is sell. This indicator is very easy to use.
The bigger the timeframe, the stronger the trend
As a rule, the bigger the timeframe, the stronger the trend. For this reason, trend trading is much more powerful and yields better returns if it takes place on bigger time frames. So, I would recommend using Cross-X on higher timeframe (3 day timeframe is recommend).
Note: You don’t need to upgrade TradingView, our product works with 100% functionality on the basic plan of TradingView (free). You can use it in 1 day timeframe but show the results of 3 Day timeframe.
You should wait until a candle closes before entering.
A signal is confirmed only once the candle is closed. Meaning a signal could appear on your chart but is not confirmed until that candle is closed and the next candle has started. So, you need to wait the candle to close for the signal to be valid.
Start using it
The main features of CrossX are buy/sell signals and candlestick coloring. It is calculated based on opening price and closing price, momentum, volume , price action and strength of a trend.
Buy signal (buy tag and green candle) appear when market is in a new uptrend. Represents an entry/buy in. You need to wait the candle to close for the signal to be valid and taking a signal.
Sell signal (Sell tag and red candle) appear when market is in a reversal, sideways or downtrend. Represents an exit/sell. You need to wait the candle to close for the signal to be valid and taking a signal.
This strategy is ideally used for trend following traders on higher timeframes such as 12H, 1D, 2D, 3D, 1W. Trend trading is usually considered a mid to long-term trading strategy. CrossX is which will identify a trend and traders will ride a trend from start to finish, ignoring day-to-day fluctuations.
CrossX works on any market including cryptocurrency (Recommend Bitcoin), stocks, indices, futures and commodities (Not recommended for forex). And it works on all timeframes but it has performed well in a higher timeframes.
You can use the VDO below to see that How it works? and How to access to the script?
The CrossX Pro V.3 settings are described below
Strength of trend: Determine trend strength, calculations are based on momentum of price. This is a consistent parameter therefore you do not change it.
Volatility: Volatility is the trading volume and frequency of price changes. This is a consistent parameter therefore you do not change it.
You can adjust Input parameters however you find best. The default which generally have a great performance across every market but trading is very personal per asset and timeframe.
Fix to timeframe or multiple time frame: Multi-timeframe analysis (MTF) is a process in which traders can view multiple timeframes at once on a single chart. Multi-timeframe analysis is the process of looking at multiple timeframes at once and using them to make better decisions when trading or investing. You can have several timeframes visible at once so you always know the most important price levels. Complete details click here. https://www.tradingview.com/chart/TLT/gfhcvho3-How-to-Use-Multi-Timeframe-Analysis-and-What-It-Means/
Smoothness: It is the level of smoothness of the buy/sell signal.
Sensitivity: It can be adjusted for decreasing or increasing the amount of signals on your chart. The lower the sensitivity the less signals appear. 8 is the default setting, the default which generally have a great performance across every market.
Noise: It can be adjusted for reducing noise. Behaving like a subset of sensitivity. The lower the value the less noise appear. 555 is the default setting, the default which generally have a great performance across every market.
It helps to identify bear and bull markets. Calculations are based on 18 weekly MA, EMA and WMA. If the price is above the cloud, indicating that it is a bull market. If the price is below the cloud Indicates a bear market.
Take Some Profit
When the price reaches a significant price level it will show the take some profit (TSP) signal. It can appear more than one TSP signal at a time during a trade.
Please note that the default which generally have a great performance across every market.
The Importance of Backtesting Trading Strategies
Backtesting is the general method for seeing how well a strategy or model would have done ex-post. Backtesting assesses the viability of a trading strategy by discovering how it would play out using historical data. If backtesting works, traders and analysts may have the confidence to employ it going forward.
In simple words, backtesting a trading strategy is the process of testing a trading hypothesis/strategy on prior time periods. Instead of applying a strategy for the time period forward (to judge performance), which could take years.
Backtesting results of Cross-x Trading Strategy
A strategy performance report may contain a tremendous amount of information regarding a trading system’s performance. While all of the statistics are important, it’s helpful to narrow the initial scope to five key performance metrics:
Net Profit: Displays the net profit or loss during the specified period. Profit is displayed as a positive number, Loss is displayed as a negative number.
Percent Profitable: Displays the percentage of completed trades that were profitable, during the specified period. Percent Profitable = Winning Trades divided by Total Number of Trades.
Profit Factor: Displays the amount made in relation to the amount lost. This value is calculated by dividing Gross Profit by Gross Loss. By definition, a value greater than 1 means the trades have a positive net profit.
Maximum Drawdown: Display the largest cutback in profit. the maximum drawdown metric refers to the “worst-case scenario” for a trading period. It measures the greatest distance, or loss, from a previous equity peak. This metric can help measure the amount of risk.
Average Trade: displays the average result of all trades, calculated as Net Profit/Total Number Trades.
This is backtesting of the cross-x indicator with Bitcoin. We backtest it in 3 day time-frame because it has the best results.
Backtesting results of Cross-X strategy for the last 6 years in Tradingview.
Backtesting results of Cross-X strategy for the last 2 years in Tradingview.
Backtesting results of Cross-X strategy for the last 1 year in Tradingview.
Trade Like a Pro
Highly Net Profit, highly Percent Profitable, highly Profit Factor and non repaint. You can use the link and VDO below to see more details about backtesting of CrossX strategy.
To see more details of CrossX Pro backtesting on tradingview :Click here
One-time payment for lifetime access and updates. The product does not include strategy version. Only indicator version (study).
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Attention: The indicators will be located within TradingView and is a permission based plug-in feature. Within 24 hours of completing your purchase, you will receive it and no refund for crossX indicator.