Hi,
I am trying to understand how you play the HA method. Can you post a chart, please?
Al
I am trying to understand how you play the HA method. Can you post a chart, please?
Al
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DislikedI have a new potential method for HAS that I want to begin testing, it is completely untested yet. Here is the method: Monthly, weekly and daily bars must all be the same color (indicating a strong bias and trend toward one direction) the 4H must be forming its first bars of that color after the opposite color bars had a run. Now open a position in the obvious direction. both the SL and the TP will be double the DAILY ATR. This is to keep the R:R at 1:1, though because one is trading with the trend, the edge will be in the probability. Because double the daily ATR will be a high number, (between 100-200 for the EUR/USD), the significance of the spread will be minor. What does anyone think of this idea?Ignored
DislikedIt sounds like a good trend following system.
Have you tried back testing to see what the best SL and TP levels are?Ignored
DislikedI haven't done any testing, but I will backtest and that is the level I am going to start with. Any advice at what would be a more optimum indicator of volatility in the direction of the trend?Ignored