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HAS Indicator - Misc indicators & EA's

  • #21
  • Feb 28, 2007 11:51pm Feb 28, 2007 11:51pm
Ok.. i'll learn deeper with this indicator..

Let's share together to improvement...

  • #22
  • Feb 28, 2007 11:51pm Feb 28, 2007 11:51pm
Quoting steinitz
Basically you take the shortest TF and when you see a change in color from red to blue go long. However, not so fast buddy boy. You must look at the next TF that is double the previous i.e 15M to enter so you look at the 30M. If the 30M is not ALSO blue don't enter. A tpical trade would be the following:

15 minute is trending up and you see 1-5 blue bars. So the 15M has been moving up for a short while causing the 30 minute to just start creating it's 1st blue bar. Now go long. You can exit when the 30 minute just starts to hint of a red bar.

If you want a longer trade you can stay in until you see the 1 hour just turn from red to it's 1st blue bar. Now you exit on the 1 hour when you had enough fun or the blue bar on the longest TF being the 1h in this example just hints of a change in direction. That would be a small body with higher wick:body ratio and the start of a color change.

I hope this makes sense. Look at my charts !!!!!!! Study study study
How does this indicator differ from 12 ema?

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #23
  • Feb 28, 2007 11:59pm Feb 28, 2007 11:59pm
It appears as though this indicator will have a lot of the same problems as others during tighter ranging markets. How do you handle these market times? In your opinion is it okay to lose say... 120-150 pips on 3,4,5 consecutive losses to grab that big 200-250 trend?

I suppose my question is, what do you expect out of Ashi during flat markets? Also, how would you handle the trades highlighted in the first image?

BAD ASHI http://i136.photobucket.com/albums/q...kkjay/ASHI.gif

***** FORGET THE LAST VERTICAL BAR, MY MISTAKE.

GOOD ASHI http://i136.photobucket.com/albums/q...kjay/ASHI2.gif


Don't take it as negative, you should see me pick at other systems. I like to be constructive and offering images and questions will best serve to get answers.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #24
  • Mar 1, 2007 12:01am Mar 1, 2007 12:01am
I have come to believe that there are many indicators out there and all of them work to some extend and do not work to some extent.

Virtually any indicator I think will work ever so much better if it is used on several different time frames at the same time and an entry does not take place until and unless all 2 or 3 time frames agree. That may actually be what makes this system so successful, not the indicator itself but the fact that it is designed to be used on several time frames at once.

Good luck with your system and never stop using multiple time frames, you may find that that is your Holy Grail, not the indicator.
  • #25
  • Mar 1, 2007 12:12am Mar 1, 2007 12:12am
On your 1st post I can't see the chart up close enough but if you get a reversing color on the TF that you are hoping to stay with (typically the longer one) before you exit look at one more TF longer to see if it tells you to stay in.

1-3 TF 's are very important to the success of this strategy. Sometimes you will stay in the trade too long (hind sight 20/20) and loose back all your profit without warning. That is just part of the game. I really don't want to get too involved with exits since there are so many ways to protect ones capital in any trade going the right direction.

You might take a pre determined PIP goal. If you do you better test to see what R/R is needed to be profitable.

P.S. Right now the EURO/$$ is making a nice little 15m to 1hr short.

Quoting StockKJay
It appears as though this indicator will have a lot of the same problems as others during tighter ranging markets. How do you handle these market times? In your opinion is it okay to lose say... 120-150 pips on 3,4,5 consecutive losses to grab that big 200-250 trend?

I suppose my question is, what do you expect out of Ashi during flat markets? Also, how would you handle the trades highlighted in the first image?

BAD ASHI http://i136.photobucket.com/albums/q...kkjay/ASHI.gif

***** FORGET THE LAST VERTICAL BAR, MY MISTAKE.

GOOD ASHI http://i136.photobucket.com/albums/q...kjay/ASHI2.gif


Don't take it as negative, you should see me pick at other systems. I like to be constructive and offering images and questions will best serve to get answers.
  • #26
  • Mar 1, 2007 12:14am Mar 1, 2007 12:14am
I agree. Multiple timeframes is a must for any strategy. At least 2 TF's and maybe 3 for better entry and success.

Quoting moonchild
I have come to believe that there are many indicators out there and all of them work to some extend and do not work to some extent.

Virtually any indicator I think will work ever so much better if it is used on several different time frames at the same time and an entry does not take place until and unless all 2 or 3 time frames agree. That may actually be what makes this system so successful, not the indicator itself but the fact that it is designed to be used on several time frames at once.

Good luck with your system and never stop using multiple time frames, you may find that that is your Holy Grail, not the indicator.
  • #27
  • Mar 1, 2007 12:14am Mar 1, 2007 12:14am
Quoting moonchild

Good luck with your system and never stop using multiple time frames, you may find that that is your Holy Grail, not the indicator.
I do believe that is the correct answer. I believe the original post by stating 15, 30 and 60 minutes should be used together is a key point.

Also, it is true that an indicator will not always win. I think many struggle because they look for one that will and then give up on it when it hits them in the gut several times in a row.

I like ASHI, with 15,30 and 60 mins I will take a look when I get a free moment.
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #28
  • Mar 1, 2007 12:18am Mar 1, 2007 12:18am
Jim I don't know anything about the 12 EMA. If you want a deeper analysis of this method you can look up an earlier post with the link. The program is actually a little complicated and that comes from my observation only. I have programmed in other languages but not familiar with Metatrader.

Quoting jarroo
How does this indicator differ from 12 ema?

Thanks,

Jim
  • #29
  • Mar 1, 2007 12:21am Mar 1, 2007 12:21am
very similar with HAMA PAD.but yours chat is much more clean.
  • #30
  • Mar 1, 2007 12:29am Mar 1, 2007 12:29am
Thank you. FYI the EURO fell about 6-7 PIP since my last post. I'm going to bed.

I'll talk to you guys later and if you have any questions I will look them over tomorrow.

Good trading and remember the "Secret"......

Quoting amenlo9
very similar with HAMA PAD.but yours chat is much more clean.
  • #31
  • Mar 1, 2007 1:01am Mar 1, 2007 1:01am
HOLY GRAIL... come on dude you haven't even tested this thing yet. Anyways I'll go easy on the bashing and contribute instead.

This an old set up I used to play around with - it incorporates what you guys are trying to do as far as entries based on multi time frames. This just makes it possible on one screen. Attached template (5M) and image, but it should be self explanatory.

Enjoy,
MM
Attached Image
Attached File(s)
File Type: tpl ha 5m.tpl   2 KB | 1,374 downloads
File Type: mq4 #HeikenAshi.mq4   4 KB | 1,388 downloads
File Type: mq4 #MTF Forex freedom Bar.mq4   8 KB | 1,615 downloads
File Type: mq4 Heiken_Ashi_Ma.mq4   4 KB | 1,478 downloads
  • #32
  • Mar 1, 2007 1:08am Mar 1, 2007 1:08am
mr marketz, did you have any good results with this strategy?
  • #33
  • Mar 1, 2007 1:11am Mar 1, 2007 1:11am
I seem to have forgotten the secrect. Could you please remind me of it.



Quoting steinitz
Thank you. FYI the EURO fell about 6-7 PIP since my last post. I'm going to bed.

I'll talk to you guys later and if you have any questions I will look them over tomorrow.

Good trading and remember the "Secret"......
  • #34
  • Mar 1, 2007 1:23am Mar 1, 2007 1:23am
Quoting bisar_x
mr marketz, did you have any good results with this strategy?
Somehow I knew someone was going to ask that...

This will probably sound a bit "out there" but here it goes, "good results do not depend on strategy". They depend on something else - something every trader needs to discover on their own. Two traders will attempt this method and within one week, one would have gained 15%, and the other would have lost 35%.

I don't like to discuss this much, because I usually get hostility in the responses. Those who need to understand this concept the most, aren't tuned in to this mode of thinking as of yet. The ones who do understand this, already know it. So it's almost pointless to talk about.

Try it out for a few days, and let me know if it works for you.

HINT:

Set up on all pairs try to enter the trades right of the MA with stops below the lowest penetrated peak.


Good luck,
MM
  • #35
  • Mar 1, 2007 2:19am Mar 1, 2007 2:19am
Quoting nikim
I seem to have forgotten the secrect. Could you please remind me of it.
The "SECRET" = The "Law of Attraction"... you are what you think/dwell upon... so goes the book/DVD... certainly a worthy read imo.

On using HA candles? I will on occasion for whatever reason, but i will always have a duplicate chart w/regular candles next to it!

: ) Thom
  • #36
  • Mar 1, 2007 3:18am Mar 1, 2007 3:18am
thx for the tips mr marketz, maybe i will but for the moment i m busy testing another sistem.
Good luck!
  • #37
  • Mar 1, 2007 5:31am Mar 1, 2007 5:31am
This an old set up I used to play around with - it incorporates what you guys are trying to do as far as entries based on multi time frames. This just makes it possible on one screen. Attached template (5M) and image, but it should be self explanatory.

Apologies for sounding a little dumb, but new to the Forex! I have read the forums and I would like to try and trade with the Heishan-Ashi. I have joined MetaTrader and have an account with the MIG platform.

I have downloaded the links Heishan_Ashi_smoothed.EX4 and tried to view it to no avail.......CAN anybody help???
  • #38
  • Mar 1, 2007 7:07am Mar 1, 2007 7:07am
Very important question: Doesn't this Heishan Ashi indicator repaint?
  • #39
  • Mar 1, 2007 7:08am Mar 1, 2007 7:08am
Hi Geordieboy,

You have to place all indicators in a specific directory:

Program Files/Metatrader/experts/indicators

Make sure you close down metatrader & then load it back up. It will appear under the 'Custom Indicators' area.

And the only 'dumb' question is the one that is unasked

Take care,

D.


Quoting Geordieboy

Apologies for sounding a little dumb, but new to the Forex! I have read the forums and I would like to try and trade with the Heishan-Ashi. I have joined MetaTrader and have an account with the MIG platform.

I have downloaded the links Heishan_Ashi_smoothed.EX4 and tried to view it to no avail.......CAN anybody help???
  • #40
  • Mar 1, 2007 7:12am Mar 1, 2007 7:12am
Quoting Geordieboy
This an old set up I used to play around with - it incorporates what you guys are trying to do as far as entries based on multi time frames. This just makes it possible on one screen. Attached template (5M) and image, but it should be self explanatory.

Apologies for sounding a little dumb, but new to the Forex! I have read the forums and I would like to try and trade with the Heishan-Ashi. I have joined MetaTrader and have an account with the MIG platform.

I have downloaded the links Heishan_Ashi_smoothed.EX4 and tried to view it to no avail.......CAN anybody help???
Here are some useful tutorials
http://www.forexfactory.com/showthread.php?t=8984
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