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EURUSD 15min. Heikin-Ashi System 31 replies

Heikin-Ashi 2 replies

Heikin-Ashi Technique 2 replies

Regarding Smoothed Heikin Ashi indicator 0 replies

Trading with Heikin Ashi 9 replies

Attachments: Mister ED's 4 hour Heikin Ashi system
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Mister ED's 4 hour Heikin Ashi system

Hi LongBar,

The trades enter well but the stop just activated and the candle moved maybe 2 pips. I don't really know why it moved and took me out of the trade.
For the take profit / stop, could you possibly take 1/2 (partial) profit at 1x or 2x the ATR and let the rest run until an opposite signal generates?

It's almost there I think.

Infact whilst I'm asking is there any way to make the ATR multiply (by 2 for example) as i think that should be adjustable to suit different time frames. 6pip stop is just not enough on a 5min chart for example.

Thanks again. Juicyt
"Even if you fall down face first, you still went forward."
This is just my opinion.

Most (if not all) brokers will not guarantee stop losses over a weekend.

There is presently a working EUR/GBP trade. It appears there will be a long EUR/USD at the close of the next bar.

If the market gaps Sunday night, you could lose much more than you count on. EUR/USD seldom gaps more that 25 pips, but it could.

If you're trading for real money, it could hurt.

I would either not take late Friday trades or close all trades before your broker closes today.
Quoting Fx Optimist
Mister Ed thanks for this simple but effective method.

I wrote a small indicator that just displays the previous bar's range in pips, and also the ATR(20) value and its 50 % & 200 % values.

If the bar pip value is within the other two figures it's ok to enter a normal trade on HA color change, otherwise retrace.

Allows you to sum up the situation at a glance.

^ Chris ^
Hi Chris

I have used your indicator and it helps a lot. Could you make another that uses the figures from the current bar's data?

Mister ED
Quoting juicyt
Oh i didn't really know what those numbers before the times meant. Thanks, that worked just fine.

I'll let you know how it goes.

Juicyt

LongBar, could you please let me know what the take/profit & stop is set to? I couldn't really understand what you wrote previously and It might save me waiting around to see it activate. Thanks again.
Hey Juicyt,

The TP & SL settings are calculated according to Mister ED's strategy - see the document at the first post. Those are based on ATR(20) values belonging to the trigger bar.

longbar
Quoting Piglet
Sorry LB, I think I made a mistake and used wrong settings for the HA visible on that earlier chart. This chart with right HA settings looks ok, trades are opened correctly.

But, the problem is that the ea is not profitable. Those 9 trades on the chart cause roughly a 10% loss. If I use longer testing periods the result is the same.

So either the ea does not manage trades properly or the system is not that good after all.

Could you, or someone else check the trade management implmentation and verify that it also does in practice what it is supposed...
Hi Piglet,

The EA does not fully implement the strategy as of now. Provides the basic entry and trailing stop features, but lacking of counter-trigger, retracement trigger trades, also money management is not there yet.

Mister ED has other rules like which pair is traded on what days & bars. These are yet to be incorporated and would alter the results I guess. I am though very interested to see how the results change along the future improvements of the EA - will see

LB
Quoting juicyt
Hi LongBar,...
Hi Juicyt,

Makes sense to factor up/down the ATR based SL value for other time frames. I add this to list of EA feature improvements.

Thanks for the idea!

LongBar
Ok, that explains it. Looking forward to those enhancements...

P

Quoting LongBar
Hi Piglet,

The EA does not fully implement the strategy as of now. Provides the basic entry and trailing stop features, but lacking of counter-trigger, retracement trigger trades, also money management is not there yet.

Mister ED has other rules like which pair is traded on what days & bars. These are yet to be incorporated and would alter the results I guess. I am though very interested to see how the results change along the future improvements of the EA - will see

LB
Quoting Mister ED
Hi Chris

I have used your indicator and it helps a lot. Could you make another that uses the figures from the current bar's data?

Mister ED
This might work.
Attached Files
File Type: mq4 ATR in SL-TP(1).mq4   5 KB | 491 downloads
File Type: ex4 ATR in SL-TP(1).ex4   6 KB | 330 downloads
Hi Mr Ed,

Thanks. I changed the SL's to follow the HA High for (Longs) and HA Lows (short).

Note if the TP gets hit the SL then is adjusted and the gold SL line continues to be displayed as long as it is not hit.

There is one one trade at a time for this indicator. When I make the EA I'll support multiple concurrent trades.




Quoting Mister ED
Hi Mark

I like the idea of getting the indicator sorted first. It seems it may make doing the EA easier ( but I am not a programmer).

The trailing SL however seems to just follow the ATR. I like it to follow the top (long) or bottom (short) of the HA candles.

I also noticed that it only opens a trade at a time and appears to run it until it hits a TP or SL. On occasions the very next HA bar is completely the oppsite colour. In this case I bring the SL to the high of the bar and set up my new trade to open at the break of the signal bar. It's...
Attached Image (click to enlarge)
Click to Enlarge Name: sample.gif Size: 26 KB
Attached File
File Type: mq4 Heiken Ashi Mr Ed - Mark.mq4   14 KB | 477 downloads
Quoting syracuse4x
Someone had asked about a Heiken Ashi Smoothed with email alerts, it should be attached to this post
I'm pretty sure someone mentioned this earlier in the thread but there is a problem with the alerts.

The alerts are sent at the very second the heiken ashi bar changes. The problem with that is, the bar can change from long to short multiple times before it closes. It will essentially flood your pop up box before the bar has ended.

Ideally, we need the alert to sound when the bar has closed with a different direction. Would be quite handy if a programmer could do this.

Thanks for the great work
Todays improvement is the counter-signal: ongoing trade gets closed and a new in the opposite direction is submitted if the HAS changes colour as per the strategy rule.

Also some minor features like waiting for MT to download chart data if not yet arrived to avoid unexpected trades right at EA start up - at least I hope this would be resolved now.

Seems to me the EA is profitable on EURUSD using the daily time frame while not so positive on the 4H TF for the year 2009 backtest

Have a good weekend!
Attached File
File Type: mq4 MisterED_v0.4.0.mq4   16 KB | 307 downloads
I for 1 don't have the first clue how you do it, but i do appreciate the effort you put into it.

Thanks LongBar
"Even if you fall down face first, you still went forward."
Quoting juicyt
I for 1 don't have the first clue how you do it, but i do appreciate the effort you put into it.

Thanks LongBar

Thanks Juicyt!

I like Mr ED's system and am very curious to get experience with it - hoping for good.
"Unfortunately" I am able to create EA's so this one cost me some long nights alright...

Am about to do some longer term backtests over the coming days, will come back with summary if worthwhile
Results of the Week

Last week, trade 20.07.2009 - 24.07.2009, I received a 699 pip

It could get more, I'm not sold on Monday gpbusd I incorrectly calculating the length of candles (it was the first day of trading on the system)

Also, I have not designed the entrance to the eurgpb when the candle was more than 200%, whereas there was no need to buy and I have lost 25 * 2 pip

But I avoided the loss of audjpy I did not like the candle she was singing a hammer and I did not sell, of course the next candle, too, was a hammer but the deal has daily and weekly trend
Attached Images (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 10 KB Click to Enlarge Name: eurgpb.gif Size: 11 KB Click to Enlarge Name: gbpusd.gif Size: 13 KB
Quoting ZumaFX
Results of the Week

Last week, trade 20.07.2009 - 24.07.2009, I received a 699 pip

It could get more, I'm not sold on Monday gpbusd I incorrectly calculating the length of candles (it was the first day of trading on the system)

Also, I have not designed the entrance to the eurgpb when the candle was more than 200%, whereas there was no need to buy and I have lost 25 * 2 pip

But I avoided the loss of audjpy I did not like the candle she was singing a hammer and I did not sell, of course the next candle, too, was a hammer but the deal...
Hi ZumafX,

Can you post your account statement with the trades you did this week?
I would Love to see what I missed.
I am down on points overall, lost 81 pips for the week. I made 331 but lost a load on the 22nd.
I must admit I wasn't opening 2 trades at first so I didn't get the advantage of TP2.

Thanks,

Ian
Is it.
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
There is a new parameter ExitMethod to drive how the ongoing order gets closed off:

 

  1. Value 0: fixed TP is submitted which is the same as SL (=ATR)
  2. Value 1: No TP submitted but trailing SL used on new HAS bar

This could be also used for MT optimization passes (set Start/Step/Stop to 0/1/1) to compare EA setup(s) with different exit methods in an automated way.

LongBar

Attached File
File Type: mq4 MisterED_v0.5.0.mq4   17 KB | 300 downloads
statement
Attached Image (click to enlarge)
Click to Enlarge Name: statement.gif Size: 44 KB
Quoting ZumaFX
Results of the Week

Last week, trade 20.07.2009 - 24.07.2009, I received a 699 pip

It could get more, I'm not sold on Monday gpbusd I incorrectly calculating the length of candles (it was the first day of trading on the system)

Also, I have not designed the entrance to the eurgpb when the candle was more than 200%, whereas there was no need to buy and I have lost 25 * 2 pip

But I avoided the loss of audjpy I did not like the candle she was singing a hammer and I did not sell, of course the next candle, too, was a hammer but the deal has...
Hammer?
Daily and weekly trend?

What system are you using?
Quoting Mister ED
.. Have you any ideas about how to go about learning to code for MT4?

Mister ED
If you've done some programming before, just try and take an existing indicator or script and modify it ..
If you haven't, then a book may be a better start.
sezor
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