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Attachments: Double Russian
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Double Russian

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  • #1
  • First Post: Edited Nov 5, 2007 12:00am Nov 4, 2007 11:34pm | Edited Nov 5, 2007 12:00am
HMA_Russian_Color.mq4

I've been using a pair of Hull MAs, 8 & 15, set up in blue and red.
Only trade when both blue lines match up or when both red lines match up.

For the cautious, Exit is when one line turns the opposite colour
Reversal is when both colours line up against your previous direction

For the adventurous, Re-entry or Adding to position when one lines turns the opposite colour in the expectation that the previous trend will re-establish. Exit would then be when both lines go against you.

ie in the chart attached, on the right edge cautious can exit their trade while others might add to their short.

I'm not going to go into Stops etc, you're all big enough and ugly enough to work that out for yourself, or you shouldn't be here. Just wanted to share this unusual method of using the Hull MA
Attached Image (click to enlarge)
Click to Enlarge Name: double russians.gif Size: 14 KB
  • #2
  • Nov 4, 2007 11:47pm Nov 4, 2007 11:47pm
here's another example. You can see top left that things were a bit choppy,the topsy-turvy switching between blues and reds without establishing a parallel pair could have kept your from trading until a trend was properly established..
Then when a downtrend was established, there was a re-entry opportunity at around 116.50-ish
Attached Image (click to enlarge)
Click to Enlarge Name: double russians 2.gif Size: 15 KB
  • #3
  • Nov 5, 2007 12:15am Nov 5, 2007 12:15am
Is this a 4h chart on the USDJPY?? Your attachments are really light. Also is there another thread about this method??
  • #4
  • Nov 5, 2007 12:28am Nov 5, 2007 12:28am
Quoting Colostarr
Also is there another thread about this method??
dunno, there's tons of stuff about MAs, some good stuff about JMAs and HMAs but I've never seen anything about using 2 HMAs in this way

If there already is a similar thread then maybe the Mods can delete this thread, don't want to duplicate someone else's efforts
  • #5
  • Nov 5, 2007 4:19am Nov 5, 2007 4:19am
I am trying to get the indicator set up. When I dropped your indicator onto my chart, it only shows one line. How do you get the 2 lines. Sorry for the stupid question I am a bit of a newbie....Do I have to change the period or anything. Can you please give me a step by step setup...it would be greatly appreciated. Also, ou never answered before...is your chart the 4h USD/JPY?? Again, thank you for your help and personal time! I certainly appreciate it!
  • #6
  • Nov 5, 2007 4:30am Nov 5, 2007 4:30am
Quoting Colostarr
I am trying to get the indicator set up. When I dropped your indicator onto my chart, it only shows one line. How do you get the 2 lines. Sorry for the stupid question I am a bit of a newbie....Do I have to change the period or anything. Can you please give me a step by step setup...it would be greatly appreciated. Also, ou never answered before...is your chart the 4h USD/JPY?? Again, thank you for your help and personal time! I certainly appreciate it!
load indicator russian color and change period to 8.
load again the indicator and change period to 15.
then you have 2 lines
  • #7
  • Nov 5, 2007 6:18am Nov 5, 2007 6:18am
[quote=Colostarr;1699044]I am trying to get the indicator set up. When I dropped your indicator onto my chart, it only shows one line. How do you get the 2 lines. Sorry for the stupid question I am a bit of a newbie....Do I have to change the period or anything. Can you please give me a step by step setup...it would be greatly appreciated.

Also, ou never answered before...is your chart the 4h USD/JPY?? quote]

How do you get the 2 lines..........see MJ's notes below, but basically you need 2 sets of the same indicator and change the period settings.

is your chart the 4h USD/JPY. ..........Yes it is, but what it is is largely irrelevant. I'm not propounding that this works on any particular pair of time frame. I've found it to be very useful for
a) getting into a trade
b) staying in a trade when tempted to exit early
c) adding to a position
d) exiting a position on any pair. Personally I prefer to trade daily using Stop-Buys and Stop-Sells, sometimes I'll go down to 4 hr. And I only take the trades that are going in the direction of the main trend, I don't take the corrections, but that's just personal preference.
I've had a look at shorter time frames. The Ruusian HMAs certainly seem to work ok, but it's too scary for me down in the Land of Scalpers. My trigger finger isn't quick enough.

what more could you ask of an indicator ?

I'm sorry if this doesn't describe a full bells and whistles system. I know a lot of people like their hand held and to be told "when x does this, do y, then expect z, but aa might happen..."
Well, life's not like that, so I'm not going into minutae about every aspect of entering and entering the trade.
The point is that these Russian HMAs provide for me a very significant visual clue as to what the market is doing. I just want to share the suggestion with people who may care to use it or discard it at their pleasure.

happy trading,
  • #8
  • Nov 5, 2007 10:59pm Nov 5, 2007 10:59pm
I just got it setup...thank you..this is what I was looking for. An entry (from the 4h standpoint) and exit strategy. Thank you for your time and for posting this method!

[quote=rathcoole;1699233]
Quoting Colostarr
I am trying to get the indicator set up. When I dropped your indicator onto my chart, it only shows one line. How do you get the 2 lines. Sorry for the stupid question I am a bit of a newbie....Do I have to change the period or anything. Can you please give me a step by step setup...it would be greatly appreciated.

Also, ou never answered before...is your chart the 4h USD/JPY?? quote]

How do you get the 2 lines..........see MJ's notes below, but basically you need 2 sets of the same indicator and change the period settings.

is your chart the 4h USD/JPY. ..........Yes it is, but what it is is largely irrelevant. I'm not propounding that this works on any particular pair of time frame. I've found it to be very useful for
a) getting into a trade
b) staying in a trade when tempted to exit early
c) adding to a position
d) exiting a position on any pair. Personally I prefer to trade daily using Stop-Buys and Stop-Sells, sometimes I'll go down to 4 hr. And I only take the trades that are going in the direction of the main trend, I don't take the corrections, but that's just personal preference.
I've had a look at shorter time frames. The Ruusian HMAs certainly seem to work ok, but it's too scary for me down in the Land of Scalpers. My trigger finger isn't quick enough.

what more could you ask of an indicator ?

I'm sorry if this doesn't describe a full bells and whistles system. I know a lot of people like their hand held and to be told "when x does this, do y, then expect z, but aa might happen..."
Well, life's not like that, so I'm not going into minutae about every aspect of entering and entering the trade.
The point is that these Russian HMAs provide for me a very significant visual clue as to what the market is doing. I just want to share the suggestion with people who may care to use it or discard it at their pleasure.

happy trading,
  • #9
  • Nov 5, 2007 11:02pm Nov 5, 2007 11:02pm
So judging from your attachments....does it matter if the lines are perfectly parallel? I can see a few opportunities where the lines were not perfectly parallel, but it still seemed to work out towards the trend!
  • #10
  • Last Post: Nov 6, 2007 7:20am Nov 6, 2007 7:20am
Quoting Colostarr
So judging from your attachments....does it matter if the lines are perfectly parallel? I can see a few opportunities where the lines were not perfectly parallel, but it still seemed to work out towards the trend!
correct. perhaps "parallel" was the wrong word. I just mean that both MAs are the same colour at the same time.
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