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Attachments: HAS Indicator - Misc indicators & EA's
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HAS Indicator - Misc indicators & EA's

  • #41
  • Mar 1, 2007 7:27am Mar 1, 2007 7:27am
Quoting steinitz
I am posting a screen shot of the wick length of the Heiken_Ashi_Smoothed indicator. The reason I am asking these questions is I think this indicator is about as close to the "holy grail" as I think I will find!

It is truly an amazing method to rid the whip saws and keep you in a trending trade. If not for finding this indictor I was ready to throw in the towel.

I thank the developer of this smoothed indicator and the author of this thread!

Now for my questions.

1. Obviously a bigger candle body a bigger move but what does the upper wick tell us about the trend strength?
2. Why are there so many upper wicks compared to almost non-existent lower ones?

Any help would be greatly appreciated!!!!!!!

Steinitz
Attached Imageshttp://www.forexfactory.com/attachme...1&d=1172579069
Hi Steinitz,

Thanks for your input, and explanation. A couple of questions if I may.

1) You refer to three timeframes, but largely for entry you reference two and use the third and longest timeframe for 'possible' exits. Have I understood that correctly ?

2) What StopLoss do you generally set, presumably this will depend on what timeframe you are trading off ?

I like some of the mehodology you have talked about, particularly the multiple TF's, and I agree with others in this thread, its probably the multiple TF that is giving you the edge.

Good luck to you.
  • #42
  • Mar 1, 2007 8:07am Mar 1, 2007 8:07am
Quoting Miguel
Very important question: Doesn't this Heishan Ashi indicator repaint?
No Miguel. Once the time frame on the candle is complete that's how it stays. It may change back and forth on the current candle, but once it's done - it remains.
  • #43
  • Mar 1, 2007 8:32am Mar 1, 2007 8:32am
Quoting mr.marketz
No Miguel. Once the time frame on the candle is complete that's how it stays. It may change back and forth on the current candle, but once it's done - it remains.
Very helpfull thank so much!
  • #44
  • Mar 1, 2007 9:36am Mar 1, 2007 9:36am
Quoting Daemien
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.
Oh Boy, you guys'n'gals are GOOD! Many Thanks to you all here on this thread for setting me up on the Metatrader with the Heiken Ashi. I really appreciate it.

Go get them Pips y'all!!

Cheers
  • #45
  • Mar 1, 2007 9:45am Mar 1, 2007 9:45am
1.Yes you have. Always exit on the longer TF. You can sometimes exit on a 3rd longer TF as long as the longest TF HAS/IS trending the desired direction. Two TF's are the usual....

2. I don't use a stop since I am using the color and body of candles for my exit. If you need to walk away place a protective stop of your choice. Examples would include but not limited to B/E, Above or below candle upon entry or arbitary.

Quoting rogerha
Hi Steinitz,

Thanks for your input, and explanation. A couple of questions if I may.

1) You refer to three timeframes, but largely for entry you reference two and use the third and longest timeframe for 'possible' exits. Have I understood that correctly ?
2) What StopLoss do you generally set, presumably this will depend on what timeframe you are trading off ?
I don't use a stop since I am using the color and body of candles for my exit. If you need to walk away place a protective stop of your choice. Examples would include but not limited to B/E, Above or below candle upon entry or arbitary.

I like some of the mehodology you have talked about, particularly the multiple TF's, and I agree with others in this thread, its probably the multiple TF that is giving you the edge.

Good luck to you.
  • #46
  • Mar 1, 2007 9:54am Mar 1, 2007 9:54am
Quoting mr.marketz
Somehow I knew someone was going to ask that...

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.

MM
I'd like to discuss it, really. I understand what you're saying -- I've learned several good systems, none have made me a TRADER. I still take one step forward, two back.

If you don't want to post it and iinvite hostility, pm me please, I'd like to hear what you have to say. I think I'm on the brink of the same conclusion, maybe you can save me some learning time and some grey hairs.
  • #47
  • Mar 1, 2007 10:06am Mar 1, 2007 10:06am
Quoting blueruby
I'd like to discuss it, really. I understand what you're saying -- I've learned several good systems, none have made me a TRADER. I still take one step forward, two back.

If you don't want to post it and iinvite hostility, pm me please, I'd like to hear what you have to say. I think I'm on the brink of the same conclusion, maybe you can save me some learning time and some grey hairs.
Blue,

If you get a chance, read the thread started by Down River Trader. Not necessarily his method of placing trades but the philosophy. I don't want to distract people from this thread as it deals with method and not ideology. If you have any specific questions by all means feel free to shoot me a message.

MM
  • #48
  • Mar 1, 2007 10:06am Mar 1, 2007 10:06am
Here is an example of a 3 TF trade that wasn't as easy to see from the beginning in terms of confirmation on all 3 TF's at once. But make no mistake it is a vailid 2 TF entry and you can exit on the 2nd TF when you see a hint of trend change (no change noticed on this example) or wait and see if the next lomger TF begins to show a new color for a yet longer move. It's like the movie "The Blob". It just gets bigger and bigger....
Attached Images
  • #49
  • Mar 1, 2007 10:15am Mar 1, 2007 10:15am
Here is an attachment of the last post with better images. This is a 1hr, 4hr and 1day trade timeframe.
Attached Images
  • #50
  • Mar 1, 2007 10:32am Mar 1, 2007 10:32am
Hi steinitz

posting your images as JPEG files or as actual screenshots, woud make them smaller and easier to handle, rather than saving them as bitmap images - which are bigger files.

Many thanks.
  • #51
  • Mar 1, 2007 10:53am Mar 1, 2007 10:53am
try this...i found this system somewhere..the best combination of ashi smooth system..lots2 of pips...

http://www.forex-tsd.com/manual-trad...entogg-78.html
  • #52
  • Mar 1, 2007 10:58am Mar 1, 2007 10:58am
I am posting this next example to show you when things go wrong. This is what will happen the majority of times and how to handle them. This indicator will keep you in the trade which is the most impressive aspect of this method/indicator.

Look at 1.bmp. You enter on AUD/USD on a 30 min. Like I said before typical entry will be 1-5 PIPS go by to confirm the trade/trend. You enter after looking at image 3.bmp which is the 1hr which shows confirmation as well.

Now go to image 2.bmp. You are seeing points in the trade that would normally signal to close the short but WAIT. Look at the 1hr chart image 3.bmp. It says to stay in. So you do.

Now look at the 1hr chart 4.bmp and later you find again some signals to exit this trade. But WAIT. Look at the 4hr chart 5.bmp before you decide to exit. Low and behold it says to stay in since the longer TF is in tact and doing fine.

This explanation tells a BIG story on how you trade this indictor. Yes you will have easy trades with no bumps. But when you have this common theme occur you will know how to handle them under the pressure of trading.

Steinitz
Attached Images
  • #53
  • Mar 1, 2007 11:01am Mar 1, 2007 11:01am
steinitz

I have been using this system since last year trading live [only demo'ed for less than a month], and it has worked for me. Its my primary trading system for trending and ranging markets.... I know there are many skeptics, but what works for one may not work for another - just like many other systems posted here and elsewhere.
  • #54
  • Mar 1, 2007 11:03am Mar 1, 2007 11:03am
Thanks I'll take a look.....

Quoting hanturaya
try this...i found this system somewhere..the best combination of ashi smooth system..lots2 of pips...

http://www.forex-tsd.com/manual-trad...entogg-78.html
  • #55
  • Mar 1, 2007 12:24pm Mar 1, 2007 12:24pm
I have a question about the entries.
You state that you see 1to 5 blue 15 min. candles, you switch to 30 min tf and wait to see hint of color change from red to blue...Do you enter before this 30 min bar closes?

What happens if the 30 min bar starts changing back to red after it you have entered when you saw it changing to blue?

i was interested in using this entry method on shorter time frames and possible pivot point support/resistance...maybe 5/15/30?
What is your opinion on this?

Thanks for this thread
  • #56
  • Mar 1, 2007 12:47pm Mar 1, 2007 12:47pm
You enter on the CLOSE of the 30M candle. This way you are dedicated to watching a new TF and will exit on that 30M if you see an immediate change in candle formations wick:body ratio or hint of color change or both. Any TF works. 1M 5M 15M no problem. 1D 1W 1M is fine too!

If the 30M goes gainst you and the 1Hr gives you no reason to stay you are out with most likley a loss on that quick entry and exit.

Quoting RickW00716
I have a question about the entries.
You state that you see 1to 5 blue 15 min. candles, you switch to 30 min tf and wait to see hint of color change from red to blue...Do you enter before this 30 min bar closes?

What happens if the 30 min bar starts changing back to red after it you have entered when you saw it changing to blue?

i was interested in using this entry method on shorter time frames and possible pivot point support/resistance...maybe 5/15/30?
What is your opinion on this?

Thanks for this thread
  • #57
  • Mar 1, 2007 12:53pm Mar 1, 2007 12:53pm
http://www.forexfactory.com/images/s...n/post_old.gif Yesterday, 10:29pm


http://www.forexfactory.com/images/icons/icon12.gif
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"......

Quote:
Originally Posted by amenlo9 http://www.forexfactory.com/images/buttons/viewpost.gif
very similar with HAMA PAD.but yours chat is much more clean.


http://www.forexfactory.com/images/misc/progress.gif

  • #58
  • Mar 1, 2007 12:54pm Mar 1, 2007 12:54pm
So after you would enter on the close of the 30 min candle, if the next 30 min candle went against you, do you wait until that candle closes before exiting?(assuming that the 1 hr candle is not in agreement with your initial entry)
  • #59
  • Mar 1, 2007 1:03pm Mar 1, 2007 1:03pm
Attached is the image from last night when I posted this prediction. No big deal just a winning trade. Ther was a moment that

Quoting steinitz
http://www.forexfactory.com/images/s...n/post_old.gif Yesterday, 10:29pm


http://www.forexfactory.com/images/icons/icon12.gif
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"......

Quote:
Originally Posted by amenlo9 http://www.forexfactory.com/images/buttons/viewpost.gif
very similar with HAMA PAD.but yours chat is much more clean.



http://www.forexfactory.com/images/misc/progress.gif

  • #60
  • Mar 1, 2007 1:12pm Mar 1, 2007 1:12pm
Yes. I have done all my back & fwd testing on close of candles. Of course nothing is in stone here. If you wish to add some finesse to entries and exits by all means there is some room for art and science. If you want a mechanical approach just wait for closes and close your eyes and pull the triggers.

Quoting RickW00716
So after you would enter on the close of the 30 min candle, if the next 30 min candle went against you, do you wait until that candle closes before exiting?(assuming that the 1 hr candle is not in agreement with your initial entry)
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