The original thread http://www.forexfactory.com/showthread.php?t=165948
Grew to a size that made it very difficult for new people to gain an insight into the original system.
Below is the 1st post on this new thread and will list the original indicators that are used now. Any repainting indictors will not be posted as they created many questions which already in the thread has been answered many times
This system can used on any time frame
I like using it on the 5min and 1min but also have it set up on the daily and hhour I personaly also use it on a daily time frame..
I use it primarily on EURUSD this was added 27th July 1020 and hence the change in the Thread title.
A few brief lines on the history,
I found and used a combination of 2 indicators BB MACD and Trend Magic ( TM).BBMACD was used for gauging of the trend i.e. up or down and the TM was used for entry and stop loss
The BBMCD and the TM were then combined into 1 indicator called the HA_0001a this indicator would give a green bar when a BBMACD and TM long signal was present and a red bar when BBMACD and TM sell signal was present
This was later developed into the Multy time frame version called HA_0001a_MTF although a good indicator which does not repaint people found it difficult to work with and I will explain why
When you have a 5min candle we know the bar opens at 5pm and closes at 5.05pm if we use an MLT indictor that shows 15mins then we have to realise that when the 5min bar closes the 15min bar part of the indicator still has 10 mins to run to complete… hence you get a signal on the 5min you look at the 15min and it confirms the same colour and you take the signal … after 10mins the bar ends on the 15min and its now showing the opposite colour and in hind sight you wouldn’t of taken and perhaps you lose. This caused massive problems when looking back on signals through out the day so although it doesn’t repaint I wont inc it here in this thread
Next post will show indicators and settings
PLEASE KEEP THE THREAD CLEAR OF ALL OTHER INDICATORS ATM
Grew to a size that made it very difficult for new people to gain an insight into the original system.
Below is the 1st post on this new thread and will list the original indicators that are used now. Any repainting indictors will not be posted as they created many questions which already in the thread has been answered many times
This system can used on any time frame
I like using it on the 5min and 1min but also have it set up on the daily and hhour I personaly also use it on a daily time frame..
I use it primarily on EURUSD this was added 27th July 1020 and hence the change in the Thread title.
A few brief lines on the history,
I found and used a combination of 2 indicators BB MACD and Trend Magic ( TM).BBMACD was used for gauging of the trend i.e. up or down and the TM was used for entry and stop loss
The BBMCD and the TM were then combined into 1 indicator called the HA_0001a this indicator would give a green bar when a BBMACD and TM long signal was present and a red bar when BBMACD and TM sell signal was present
This was later developed into the Multy time frame version called HA_0001a_MTF although a good indicator which does not repaint people found it difficult to work with and I will explain why
When you have a 5min candle we know the bar opens at 5pm and closes at 5.05pm if we use an MLT indictor that shows 15mins then we have to realise that when the 5min bar closes the 15min bar part of the indicator still has 10 mins to run to complete… hence you get a signal on the 5min you look at the 15min and it confirms the same colour and you take the signal … after 10mins the bar ends on the 15min and its now showing the opposite colour and in hind sight you wouldn’t of taken and perhaps you lose. This caused massive problems when looking back on signals through out the day so although it doesn’t repaint I wont inc it here in this thread
Next post will show indicators and settings
PLEASE KEEP THE THREAD CLEAR OF ALL OTHER INDICATORS ATM
Looking forward to your response.
).
