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Heiken-Ashi System

  • #21
  • Jan 16, 2007 6:42am Jan 16, 2007 6:42am
I have this running OK on the 2632 setting.
Looks very promising on 4hr+ timeframes.
Here's a screenshot on 4hr.
Attached Image
  • #22
  • Jan 16, 2007 6:49am Jan 16, 2007 6:49am
I don't use metatrader so could someone explain how a smoothed MA works. I have other types of MA but not one called smoothed.
Follow the money. Follow the money. Follow the money.
  • #23
  • Jan 16, 2007 6:54am Jan 16, 2007 6:54am
Quoting 5324736
I have this running OK on the 2632 setting.
Looks very promising on 4hr+ timeframes.
Here's a screenshot on 4hr.
Works well for me too with those settings
  • #24
  • Jan 16, 2007 7:10am Jan 16, 2007 7:10am
Interesting system. I'll be sure to give you some feedback once i get the oppurtunity to test it for a while. I've been experimenting with similar ideas as I'm also unable to watch the market on a regular basis.
Liberate me ex inferis
  • #25
  • Jan 16, 2007 7:28am Jan 16, 2007 7:28am
Which charts package offers the Heiken-Ashi indicator ? I use Trade Station 2000 and it does not seems to be available.

Thanks

Francis
  • #26
  • Jan 16, 2007 7:37am Jan 16, 2007 7:37am
Quoting colnc
What time frame are you using?
7:00 PM ET enter the trade, based upon the previous daily candle. Using GBP/USD only currently.
  • #27
  • Jan 16, 2007 7:38am Jan 16, 2007 7:38am
Quoting TiKin
Which charts package offers the Heiken-Ashi indicator ? I use Trade Station 2000 and it does not seems to be available.

Thanks

Francis
MT4
  • #28
  • Jan 16, 2007 7:40am Jan 16, 2007 7:40am
Quoting 5324736
I have this running OK on the 2632 setting.
Looks very promising on 4hr+ timeframes.
Here's a screenshot on 4hr.
Yes, with the 4 hour the stop loss and take profit would need to be adjusted obviously.

The reason this system has been so profitable is because of the Martingale money management. This increases our risk substantially. This is why we start with low lot size (low number of units at Oanda).
  • #29
  • Jan 16, 2007 7:44am Jan 16, 2007 7:44am
Quoting drick008
The same here. I have to set back the default (0, 1, 3, 2) and it showed.
Sorry, correct settings are 2632.
  • #30
  • Jan 16, 2007 7:47am Jan 16, 2007 7:47am
Trading this live now, yesterday's trade was profitable. Made $5.00 on the $3,000.00 account.
  • #31
  • Jan 16, 2007 7:48am Jan 16, 2007 7:48am
Trading this live now, yesterday's trade was profitable. Made $5.00 on a $3,000.00 account using 1000 units at Oanda.
  • #32
  • Jan 16, 2007 7:54am Jan 16, 2007 7:54am
OK MT4 offers the Heiken indicator, could you tell me MT4 users where we can find a company offering it as demo valid for a long period.
  • #33
  • Jan 16, 2007 8:06am Jan 16, 2007 8:06am
Quoting TiKin
OK MT4 offers the Heiken indicator, could you tell me MT4 users where we can find a company offering it as demo valid for a long period.
If you do a Google or Yahoo search you will find lots of companies offering a demo with MT-4. I personally use both North Finance and Velocity Trader's demos.
  • #34
  • Jan 16, 2007 8:13am Jan 16, 2007 8:13am
Quoting mikejody
Trading this live now, yesterday's trade was profitable. Made $5.00 on a $3,000.00 account using 1000 units at Oanda.
Mikejody,Thanks for sharing your method with us. The chart looks great with this indicator. Two questions for you: 1. What time frame are you using? 2. Are you trading manually or using EA? (Does Oanda allow EA?) And would you be willing to share the EA (one you used for backtesting) with us?Thanks in advance.Andy L
  • #35
  • Jan 16, 2007 8:32am Jan 16, 2007 8:32am
Quoting TiKin
Which charts package offers the Heiken-Ashi indicator ? I use Trade Station 2000 and it does not seems to be available.

Thanks

Francis
Francis if you look on the tradestation forums you can find heikin ashi elds
Therefore what??
  • #36
  • Jan 16, 2007 8:35am Jan 16, 2007 8:35am
Quoting AL4715
Mikejody,Thanks for sharing your method with us. The chart looks great with this indicator. Two questions for you: 1. What time frame are you using? 2. Are you trading manually or using EA? (Does Oanda allow EA?) And would you be willing to share the EA (one you used for backtesting) with us?Thanks in advance.Andy L
I see that question #1 is already answered. (daily candle).How about question #2?AndyL
  • #37
  • Jan 16, 2007 8:38am Jan 16, 2007 8:38am
Quoting AL4715
2. Are you trading manually or using EA? (Does Oanda allow EA?)
Oanda is a java based platform and does not allow EAs as they are for metatrader.
Therefore what??
  • #38
  • Jan 16, 2007 8:40am Jan 16, 2007 8:40am
Hi mike,

Thanks for sharing your system. Been looking over it, and there are a couple of things that jump out at me from a risk standpoint.

Quote
Stop Loss: 50 pips

Take Profit: 55 Pips

You risk 91% of what you could potentially make? Also with a ratio like that, and your backtesting results indicating 51% success, it seems as though profits would barely offset losses. Suppose if you will, you have 100 trades.

51 are winners for 55 pips: 2805 PIPS
49 are losers for 50 pips: -2405 PIPS

Yet your backtesting results indicate (INCREDIBLE) profitability. When you get a chance, could you clarify on what I am missing here?
  • #39
  • Jan 16, 2007 8:48am Jan 16, 2007 8:48am
Quoting kharvell
Hi mike,

Thanks for sharing your system. Been looking over it, and there are a couple of things that jump out at me from a risk standpoint.



You risk 91% of what you could potentially make? Also with a ratio like that, and your backtesting results indicating 51% success, it seems as though profits would barely offset losses. Suppose if you will, you have 100 trades.

51 are winners for 55 pips: 2805 PIPS
49 are losers for 50 pips: -2405 PIPS

Yet your backtesting results indicate (INCREDIBLE) profitability. When you get a chance, could you clarify on what I am missing here?
You double up after a loss to offset the negatives. I don't know if this system works good or not, but the daily straddle with double-up does.
  • #40
  • Jan 16, 2007 8:56am Jan 16, 2007 8:56am
Quoting llambert3
You double up after a loss to offset the negatives. I don't know if this system works good or not, but the daily straddle with double-up does.
Hmmm... So then you're betting that it will go in your direction? Too risky for me . Let me know (testers) if it ends up being good! Good luck to all
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