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HAS Indicator - Misc indicators & EA's

  • #181
  • Mar 6, 2007 7:15pm Mar 6, 2007 7:15pm
Listen that is funny and I know funny. Yes all issues concerning bar prices will be "on the close".



Quoting 4xMaster
Hi,
One question: in bullets 1 and 2 - we are talking only about the bars' close price, right? nothing should be done before a bar is closed (beside drinking a beer or two..) ?
  • #182
  • Mar 6, 2007 7:23pm Mar 6, 2007 7:23pm
Quoting steinitz
That is after my comissions of an average of 1 PIP round trip.
Hi,

Thanks for sharing your work with us and I really appreciated.
My question is how do you have only 1 PIP round trip? Which broker allow to have only 1 PIP?

TIA

Andy L
  • #183
  • Mar 6, 2007 7:37pm Mar 6, 2007 7:37pm
EFX Groups is a true non dealing desk broker. I can actually get in as tight as 1/10 of one PIP spread. They do charge a commission based on the currency you are in because of exchange rates based on the US dollar. The average round trip on 1 standard lot is about 9.00- 10.00.

5.00 to get in and 5.00 to get out plus the spread. Typical spread is 1 PIP. And all this time I was was a dealer getting hammered. These guys are not a dealing desk and you deal with major banks when you trade. Their platform is extensive and plenty of bells and whistles.

Quoting AL4715
Hi,

Thanks for sharing your work with us and I really appreciated.
My question is how do you have only 1 PIP round trip? Which broker allow to have only 1 PIP?

TIA

Andy L
  • #184
  • Mar 6, 2007 7:46pm Mar 6, 2007 7:46pm
This will be the last example I will post of this concept that I feel is too risky and not needed to be highly successful. It also makes trading this method very mechanical and almost too easy.

I have attached two failures by anticipating a color change. Just wait for the color change on the next higher TF before pulling the trigger.

Human nature is to make something complicated in the belief that the more complicated something isthe better it must be.


NOTE: 4XMaster please ignore everything I asked for involving penetration of price. You are left with very simple and easily programmable parameters.
Attached Images
  • #185
  • Mar 6, 2007 7:47pm Mar 6, 2007 7:47pm
Quoting steinitz

Is there anybody on here that can program an alert on one or more TF's?
I assume that everyone here is on Metatrader? I could do it for TS - but still don't have it quite exact I don't think. Here is a screen shot - comments welcome.
Attached Image
  • #186
  • Mar 6, 2007 7:50pm Mar 6, 2007 7:50pm
Why don't you post a screen shot in detail and I will look at mine to see if it looks the same.

Quoting stepwise
I assume that everyone here is on Metatrader? I could do it for TS - but still don't have it quite exact I don't think. Here is a screen shot - comments welcome.
  • #187
  • Mar 6, 2007 7:57pm Mar 6, 2007 7:57pm
Quoting steinitz
Why don't you post a screen shot in detail and I will look at mine to see if it looks the same.


Thanks Steinitz! I will do that...first I need to try one or two things - then I'll post sometime tomorrow. I appreciate your willingness to help!

Also, can someone tell me the cost of MT4 (including the ability to develop / program alerts and EAs)? If it's reasonable I can code it in both TS and MT4....
  • #188
  • Mar 6, 2007 8:08pm Mar 6, 2007 8:08pm
Quoting steinitz
The current candle "any TF" will always repaint. It has not finsihed the candle and the indicator is based of of "closing" prce.
I think repaint is a misnomer for this. The HAS candle is active during the candle's TF and when it closes it is done and does not change thereafter.

The HAS candle opens this way:

The "bottom" of the candle (which is the top for a red candle) is the average of the open and close of the previous candle. The other end of the candle is simple the opening price of the candle. It then moves as price moves for the duration of that candle's cycle.

The candle adjusts during the cycle of the candle, but is defined permanently at the close of the candle and does not change thereafter.

I find to get an accurate read it is best to use the HAS candle when it closes.
  • #189
  • Mar 6, 2007 8:10pm Mar 6, 2007 8:10pm
Yes this was live and yes I just made 1000.00.

I am really starting to think what I am doing is illegal. I once read that a famous author made so much money in one year they investigated to see if he new some inside information.

Attached Images
  • #190
  • Mar 6, 2007 8:14pm Mar 6, 2007 8:14pm
The price of all this software and programming etc etc is:

ZERO

Quoting stepwise
Thanks Steinitz! I will do that...first I need to try one or two things - then I'll post sometime tomorrow. I appreciate your willingness to help!

Also, can someone tell me the cost of MT4 (including the ability to develop / program alerts and EAs)? If it's reasonable I can code it in both TS and MT4....
  • #191
  • Mar 6, 2007 8:26pm Mar 6, 2007 8:26pm
Quoting steinitz
Yes this was live and yes I just made 1000.00.

I am really starting to think what I am doing is illegal. I once read that a famous author made so much money in one year they investigated to see if he new some inside information.

Steinitz this is a great system...I made $500 on EURUSD today and still going!
  • #192
  • Mar 6, 2007 8:26pm Mar 6, 2007 8:26pm
Great steinitz. I wont be sending any resignation letter, I'll just AWOL.
Keep it up buddy.

Quoting steinitz
Yes this was live and yes I just made 1000.00.

I am really starting to think what I am doing is illegal. I once read that a famous author made so much money in one year they investigated to see if he new some inside information.

  • #193
  • Mar 6, 2007 8:28pm Mar 6, 2007 8:28pm
Super! I can't believe this is happening. I have tried for 8 years with no success and no it's just pouring in. Look what Edison had to go through.

What TF 's did you use?

Quoting Spudfyre
Steinitz this is a great system...I made $500 on EURUSD today and still going!
  • #194
  • Mar 6, 2007 8:31pm Mar 6, 2007 8:31pm
Absolutely. Just tell them to kiss your ass from Canada. Just get a laptop and a GPS receiver and tell them to shove it.

The hookers are looking more attractive here in Vegas where I live!

Quoting meltri
Great steinitz. I wont be sending any resignation letter, I'll just AWOL.
Keep it up buddy.
  • #195
  • Mar 6, 2007 8:56pm Mar 6, 2007 8:56pm
Cable/$$ just formed a new signal long on a 4H. 1 hr has been long and 4h just made a blue wick on a red body. If you get in be patient. There will be some whips before it takes off.

Free money come and get it.........



:surprised
  • #196
  • Mar 6, 2007 9:18pm Mar 6, 2007 9:18pm
Hi All !

Here is the next version of HAS EA.
It follows exactly steinitz's rules. According to intial backtests the results are not too good, we still need to adjust/optimize it.
You have few parameters to play with:

x_magicNumber = 1234 ==> Just leave it as-is
x_numberOfLots = 2 ==> The number of lots for each trade
x_slippage = 3; ==> slippage
x_stopLoss = 50 ==> Your desired SL
x_3rdTFCloseConfirmation = true ==> you can toggle the 3rd TF confirmation for exit a trade
x_moneyManagement = true ==> if this set to true the x_numberOfLots is ignored and number of lots will be determined according to x_risk
x_risk = 10 ==> The precentage of your account that you want to risk for each trade, relevant only if x_monetManagement is set to true
x_exitByPriceBreak = false ==>You can decide if you want to exit a trade in case the price breaks the HAS candle
x_priceBreakPips = 3; ==> relevant only if x_exitByPriceBreak is set to true. determines the number of pips the price should be above/below the HAS candle in order for it to be cnsidered as penetration.

Please backtest/forward test the EA, and post/PM me all you impressions/suggestions/questions.

Good Luck !

Note: It goes without saying but i'll say it anyway: this EA is still in BETA, use it on your own risk.
Attached File(s)
File Type: ex4 AshiAshi-Ver1.1.ex4   10 KB | 765 downloads
The 4xMaster Here a Pip, There a Pip, Everywhere a Pip Pip
  • #197
  • Mar 6, 2007 9:23pm Mar 6, 2007 9:23pm
Hi Steinitz,

Just finished reading the entire thread (feel like I need to go and do a grey matter detox!!).

Have you made any sort of log of the times of the days that the strategy produces the better trades? It seems on a very brief oberservation, that the best trades are produced at times of increased volatility, being the opens. eg. your last gbp/jpy trade was around the tokyo open, hence the increased volatility and movement.

With regards to the current gbp/usd long, I would be very hesitant to take a trade at this time of the day. I am demo testing a london open system, and have been backtesting, and there seems to be a very consistent theme - between now and the frankfurt open, there will be ranging, bar some news event. It might make 15-20 pips, but there is a higher probability of it getting stopped out.

It will be very ineresting what happens to the current trade, and I am always ready to eat my words!!

Good luck with the current trade, and hopefully, I'll be in a better position to make some useful conrtibutions soon.

Regards,
K.
  • #198
  • Mar 6, 2007 9:40pm Mar 6, 2007 9:40pm
Quoting stav01
Hi. Can you tell me how you use it in ranging markets please (tranding is obvious).

Thanks.
Put Bollinger Bands around the price. If its a narrow band, you know its in a range, and I just trade off the bounces.
  • #199
  • Mar 6, 2007 9:49pm Mar 6, 2007 9:49pm
I am in no way the final authority on this indicator and frankly I like to keep things on the light side (if i'm winning ). I am posting this method because I truely like what I have seen and made thus far. I welcom all suggestions and with a group effort we should all be making serious money.

I presented this set-up because I feel it doesn't look like a good trade as first glance but the signals are there and I want to see how well this will do under less then obvious set-ups.

Welcome aboard mate.

Quoting kermut
Hi Steinitz,

Just finished reading the entire thread (feel like I need to go and do a grey matter detox!!).

Have you made any sort of log of the times of the days that the strategy produces the better trades? It seems on a very brief oberservation, that the best trades are produced at times of increased volatility, being the opens. eg. your last gbp/jpy trade was around the tokyo open, hence the increased volatility and movement.

With regards to the current gbp/usd long, I would be very hesitant to take a trade at this time of the day. I am demo testing a london open system, and have been backtesting, and there seems to be a very consistent theme - between now and the frankfurt open, there will be ranging, bar some news event. It might make 15-20 pips, but there is a higher probability of it getting stopped out.

It will be very ineresting what happens to the current trade, and I am always ready to eat my words!!

Good luck with the current trade, and hopefully, I'll be in a better position to make some useful conrtibutions soon.

Regards,
K.
  • #200
  • Mar 6, 2007 10:19pm Mar 6, 2007 10:19pm
4xMaster,

Many other HAS type systems have been coded with EAs have also failed miserably in backtesting. I do not know if its due to lack of tick data from MT4 [don't ask me the reason, but I always see this as being the issue for backtesting] or maybe the EA have to be able to somehow distinguish between a trending and ranging market or a better exit entry is required.

I guess if the EA method does not work, maybe just give one an alert if two out three timeframes agree to either go long or short. For me, I do not like staring at a screen all day waiting for a setup.
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