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Trading Made Simple(r)

HMA have repaint ?

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Quoting emmanuel7788
{quote} I have 5 groups of currency pairs listed below, Group#1 AUDUSD EURUSD GBPUSD USDCAD Group#2 EURAUD EURNZD EURCAD EURGBP*** Group#3 GBPAUD GBPNZD GBPCAD Group#4 USDJPY AUDJPY EURJPY GBPJPY Group#5 AUDCAD AUDNZD NZDCAD With an initial $50K account deposit to start with, I allocate $10K to trade a pair from each group. I avoid taking trades in two pairs from the same group hence avoiding the correlation and increase risks. Only when the account grow and for every $10K growth, I will then add another pair from the same group but only when there...
This is really useful information, thank you.
Quoting tuxTrader
HMA have repaint ? {image}
If you compare the normal HMA it still shows up on mine, but Swingman's HMA is back to down.
Success means going from failure to failure without loss of enthusiasm
Quoting emmanuel7788
{quote} I have 5 groups of currency pairs listed below, Group#1 AUDUSD EURUSD GBPUSD USDCAD Group#2 EURAUD EURNZD EURCAD EURGBP*** Group#3 GBPAUD GBPNZD GBPCAD Group#4 USDJPY AUDJPY EURJPY GBPJPY Group#5 AUDCAD AUDNZD NZDCAD With an initial $50K account deposit to start with, I allocate $10K to trade a pair from each group. I avoid taking trades in two pairs from the same group hence avoiding the correlation and increase risks. Only when the account grow and for every $10K growth, I will then add another pair from the same group but only when there...
Thanks for the information Emmanuel, if you don't mind elaborating a bit more to help me solve this puzzle once and for all.

how do you decide the pairs to include in each group? Do you have any criteria or research?

According to the correlation tables (myfxbook and mataf), many pairs in different groups from yours are correlated, take both GBPUSD and GBPJPY as exemple, both are highly correlated between each other across different timeframes (H4, D1 and W1), do you consider such correlation tables usefull or not? If so how do you use it?

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I'm asking because this is something that confuses me a lot, not sure how do deal with exposure and end up missing a bunch of positions

thanks again, best regards
thinking outside the box
Quoting Mercennary
{quote} Thanks for the information Emmanuel, if you don't mind elaborating a bit more to help me solve this puzzle once and for all. how do you decide the pairs to include in each group? Do you have any criteria or research? According to the correlation tables (myfxbook and mataf), many pairs in different groups from yours are correlated, take both GBPUSD and GBPJPY as exemple, both are highly correlated between each other across different timeframes (H4, D1 and W1), do you consider such correlation tables usefull or not? If so how do you use it?...
Mercennarry, Easy to resolve: You simply open up pairs with same timeframe side-by-side, zoom out, and then scroll through past data and let your eye show you where the correlations (and anti-correlations) are.
The markets are speaking to you. Do you know their language? I M T
Quoting tuxTrader
HMA have repaint ? {image}

Yes, Your observation is correct. The HMA is a realtime indicator and it does repaint under certain price condition.

Study these screen shots 1 to 6 below and note the bar/candle time and the price action and the HMA respond to the price.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting Mercennary
{quote} Thanks for the information Emmanuel, if you don't mind elaborating a bit more to help me solve this puzzle once and for all. how do you decide the pairs to include in each group? Do you have any criteria or research? According to the correlation tables (myfxbook and mataf), many pairs in different groups from yours are correlated, take both GBPUSD and GBPJPY as exemple, both are highly correlated between each other across different timeframes (H4, D1 and W1), do you consider such correlation tables usefull or not? If so how do you use it?...
For now, just keep to the simple basics - what is BASE and QUOTE currency in each pair. The complex stuff like correlation and currency strength stuff for other time when we discussed weekly trade planning.

I simply group the pairs as follows

Group 1 are all USD pairs.

Group 2 are Euro crosses

Group 3 are Cable crosses

Group 4 are JPY pairs.

Group 5 are COMMOD currencies crosses

these 5 groups of 20 pairs will provide enough trade opportunities every 20-trading days cycle.

I will include Group 6 maybe in Sept, the SGD based pairs.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} Yes, Your observation is correct. The HMA is a realtime indicator and it does repaint under certain price condition. Study these screen shots 1 to 6 below and note the bar/candle time and the price action and the HMA respond to the price. {image} {image} {image} {image} {image} {image}
Hmmm. I see no repainting of the bars. What I DO see is real-time UPDATING of the OPEN candle as ticks come in.

In #1 and #2 the last candle stayed blue. #3, #4, #5 all have the next OPEN candle, and it is expected that it can change color, same as it is expected that an ordinary candle will change the size of the body and wicks before it closes. #6 shows the candle of the previous pictures finally closed as red. And the newly OPEN candle in #6 is red, but we don't know its final color nor size until it is closed.

Repainting is only if the candle changes AFTER it has CLOSED; I don't see repainting here.
The markets are speaking to you. Do you know their language? I M T
Quoting emmanuel7788
{quote} Yes, Your observation is correct. The HMA is a realtime indicator and it does repaint under certain price condition. Study these screen shots 1 to 6 below and note the bar/candle time and the price action and the HMA respond to the price. {image} {image} {image} {image} {image} {image}
Mine hasn't repainted, the HMA I'm using...
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Success means going from failure to failure without loss of enthusiasm
Quoting emmanuel7788
{quote} Yes, Your observation is correct. The HMA is a realtime indicator and it does repaint under certain price condition. Study these screen shots 1 to 6 below and note the bar/candle time and the price action and the HMA respond to the price. {image} {image} {image} {image} {image} {image}
exactly i saw the same progress (1 to 6) on that time. thank you for point.
Quoting lisat
{quote} Mine hasn't repainted, the HMA I'm using... {image}
you can't see repainting now! did you see the chart on that time ?
Quoting tuxTrader
{quote} you can't see repainting now! did you see the chart on that time ?
What I said was, the HMA I am using did not repaint, but the one that comes with the smTMMS indicator by swingman DID repaint.
Success means going from failure to failure without loss of enthusiasm
Quoting tuxTrader
{quote} you can't see repainting now! did you see the chart on that time ?
Did any of your CLOSED candles repaint? If no, then there is no repainting.
The markets are speaking to you. Do you know their language? I M T
Quoting tuxTrader
{quote} exactly i saw the same progress (1 to 6) on that time. thank you for point.

I noticed several times it repainted between 4 and 5 ... but I dont worry about such issues when price is choppy.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
EURJPY Aug 01 Weekly chart open positions {image} same parameters: SL 3.0 ADR(100) days TP 5.0 ADR(100) days Average entry price with 8 open positions is 120.868 ... if market retraces to that level I will perform my usual trading task with discipline... no ifs no buts. To maximize profits I am prepared to give back 50% of what the market gave me.

EURJPY W1 trade update Aug 01

Will be closing some soon and sweep the money back to my bank.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting DrDave
{quote} Did any of your CLOSED candles repaint? If no, then there is no repainting.
the subject is repainting of HMA, not the candle itself. when current candle on #1 and #2 closed, HMA is green. but after close of next candle (current candle on #3 , #4 and #5) HMA becomes red.
Quoting emmanuel7788
{quote} EURJPY W1 trade update Aug 01 Will be closing some soon and sweep the money back to my bank. {image}
Looks like you will need to spend some of that profit to rent a heavy duty truck to get all of that money to the bank.
The markets are speaking to you. Do you know their language? I M T
Quoting gkendrick
{quote} Here you go. Basically when you edit the Symbol Changer indicator the input tab is where you customize it. For example: MT Window creates a blank window. You could tell the Symbol Changer to put the symbols in the MT Window instead of on the chart. {file} {file}
is symbol changer v5 any better than previous version that was v2 i think?

Quoting tuxTrader
hi RobinHood, first of all thank you for this thread and doing great job. i'm working on a different strategy but since there's some similarities with this strategy (TMSr), i wanted to suggest replace two EMA(5) & HMA(12) with step ehlers - optimal tracking filter indicator with following settings. it gives more accurate entry and exit signal and help stay with trend and dont exit very soon. it doesn't repaint but there is only one note that it needs two continuous candle closed to sure for color change. {image} {image} for example kirinda got out...
how does this work on 15 min chart ? and on your figure ,it shows change of color on pass of 2 candles on our bias,we need to wait for 2 more candles to close on that color ,before we enter?
Quoting emmanuel7788
{quote} For now, just keep to the simple basics - what is BASE and QUOTE currency in each pair. The complex stuff like correlation and currency strength stuff for other time when we discussed weekly trade planning. I simply group the pairs as follows Group 1 are all USD pairs. Group 2 are Euro crosses Group 3 are Cable crosses Group 4 are JPY pairs. Group 5 are COMMOD currencies crosses these 5 groups of 20 pairs will provide enough trade opportunities every 20-trading days cycle. I will include Group 6 maybe in Sept, the SGD based pairs.
thanks emmanuel
thinking outside the box
Quoting DrDave
Just a thought... This is clearly a profitable, low-stress system to trade with. It obviously emphasizes a TIME rather than PRICE-centric approach. That is, with each tick of the clock (i.e. bar close) of the H4 timeframe, indicators are assessed to determine if a signal is displayed; price is not assessed for signal determination. So, if the core tenet of the entry is TIME/INDICATOR based, why is the exit based on price? And a somewhat arbitrary setting for the price. As a scientist, I have a fundamental question that I first apply--"What if...?",...
As was explained on the first post of this thread, there are many different possibilities for exit criteria, and it's up to you to choose a method that you're comfortable with. You like going for sure targets without leaving too many pips on the table? = You can go for a set price or ATR ratio of your SL. You like to let the trades ride a bit more? You can set it when the Hull MA changes colour. Or HA bars. Or an MA / Hull cross. Or something else.

There is no single official way to exit, so if you're uncomfortable with an exit based on price, you can choose a reversal of momentum for example. Your choice.
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