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

  • #361
  • Mar 8, 2007 11:41am Mar 8, 2007 11:41am
Quoting TradeStar
Very well explained. Thank you. It confirms my earlier understanding of what you were saying. Thanks again.

I would like to go back to the case study on GBP/JPY yesterday evening (EST), I saw red on 15 and went short and stayed on until it turned BLUE on 1 hr, then 4 hr but I was already down 300 Pips. (Price went from 223 to 226) Interesting thing is day still shows red!!!

Don't know this is a whipsaw or just I need to have a huge stop loss.. hoping it will come back to the downward trend again..

Love to hear your comment..
I would suggest that if you want to trade GBPJPY on 15/60/240/daily and you are following the rules then you would need a fairly substantial SL if you don't want to to get stopped out, especially during times of high volatility as we have seen for the past few weeks.

Personally I think 5/15/30/60 is a good set for this indicator/strategy. This means that most trends can take a decent anount of pips, and the SL need not be too big. I have a few ideas for this strategy in regard to an EA that I will post when I can define them in detial.

G-Man
  • #362
  • Mar 8, 2007 11:53am Mar 8, 2007 11:53am
This thread is growing very, very fast. I'm working my way through it, but it seems it's evolving every few posts. Is there a recent post somewhere with all the latest rules and fixed indicators/EA in one spot?
  • #363
  • Mar 8, 2007 12:20pm Mar 8, 2007 12:20pm
What does the period 8 refer to? If this is on a 15 min chart, should it be set to 15, for example?

Quoting chazbo 3071
The neat thing about the Modified Hull's Moving Average ( post 73) is that you can adjust the period setting and plot three time frames on one chart.

I plot the following on the 4 hour chart ( I trade the Daily Fozzy, but want to get a better entry on the 4 H Chart).

 

  1. Period 8 (default setting)
  2. Period 48 (8x6 periods in Day)
  3. Period 240 (48x5 periods in Week)

You have the trend of the 4H Day Week on one chart (4 H).

The Bible makes reference to the power when two or three are in agreement. This is certainly true when it comes to trends in trading.

The change of color corresponding to slope (trend) change makes it real easy to see in a glance if the three trends are in agreement. If so, you have a higher probability trade and one that has the potential for more pips.

This can be used for all time frames, although, you will have to adjust the period settings. As JokerWild pointed out, it is similar to HA Candles. It has the added advantage of plotting three TFs on one chart which is great if you are scanning many pairs.

  • #364
  • Mar 8, 2007 12:35pm Mar 8, 2007 12:35pm
Quoting Spudfyre
The Aroon indicator added to the HA Smoothed will give you early insight into what HA is going to do.

Many people don't use the Aroon because they look at it and say "WTF"! Which was my reaction until someone taught me how to use it.

This is how I learned to use the Aroon and use it every day with the HA Smoothed. It works very well.

I actually use the Aroon Horn indicator which was adopted for MetaTrader, but there is no real difference between it and the normal Aroon.

The Aroon has a red line and a blue line. The scale is 0-100 and represents a percentage. You want 3 level indicators on your Aroon, 70,50 and 30.

A strong up trend is when the blue hits 100 and stays above 70 while the red is below 30.
A strong down trend is when the red hits 100 and stays above 70 while the blue stays below 30.

Your buy signal for Long is when the blue line hits/crosses the 50 level, coming up from 30. I use HA Smoothed to confirm entry, but sometimes I wait until the blue hits 100 if the HA is not lined up yet.

Your exit signal for your Long is when the blue drops from 70 to 50...get out, expecially if the red is moving up from zero and is at 30 or 50.

The sell signal works the same with the red line.

The further apart the red and blue lines the stronger the trend.

If the red and blue lines are together, you are usually in a flat pattern with whipsaws.

I typically read the Aroon from the 1 Hr, but like HA I like to use at least 2 time frames to confirm...usually 30 min and 1 Hr.

There is more to the Aroon than I can express in words that comes from experience in using it. Again, this is an indicator that takes some practice when used with HA, but is extremely powerful for entry and exit into trends once you get the hang of it. Just watch it over and over for a week and what it does with the HA Smoothed and you will see the how they work together.
What period setting do you use on the Aroon indicator with HA smoothed? Very informative post.
  • #365
  • Mar 8, 2007 1:14pm Mar 8, 2007 1:14pm
Hi Folks!

I have been following this thread for thre past couple of days. yesterda I installed the EA and put it on the 1HR GBPUSD. I currentloy have 2 losing trades generated that are still running.

My questions

1) Are there recommended currency pairs, or can this be used on any pairs? Are there any that should be avoided and why?

2) Is there a specific time frame this EA should be used on? Or can it be used on many

3) If using the 4 TimeFrame Indicator, what time frame should it be applied to? Does it matter?

Thanks in advance, you guys are awesome! Keep the thread going and the pips coming.

SirWolf
Believe and Achieve!
  • #366
  • Mar 8, 2007 1:21pm Mar 8, 2007 1:21pm
I need some views on this question.......The short EUR/USD trade that I posted a few back is now getting into a bracketted mode, so what to do with
this already positive trade????? The 30m, 1hr & the 4hr are all showing red
HAS candle. My thoughts are to stay with the trade or do I close & tp of
about 43 pips. If I follow the rules I would stay the course until HAS give a trend change signal, is this correct?

Steinitz.....If this keeps progressing I might have enough pips to buys some
chips & join you @ the table.

Tks for any views.

Ace
  • #367
  • Mar 8, 2007 1:28pm Mar 8, 2007 1:28pm
I tested the EA last night and experienced the same behavior as
yours. Ofcourse nothing is wrong with the EA and thanks to 4xmaster. I guess checking the Aroon Horn will be a great addition.

The EA has a difficulty detecting the trend. It does not know
if it is trending or ranging. You have to analyze it yourself
by looking at 1 hr or 4hr TF. The EA trades based on the color
changes of 2-3 consecutive timeframe but it has no knowledge
of the true direction of the market. I guess the EA will be
profitable by setting a low TakeProfit like 6-10 pips.
Just my 2 cents.


Quoting sirwolf
Hi Folks!

I have been following this thread for thre past couple of days. yesterda I installed the EA and put it on the 1HR GBPUSD. I currentloy have 2 losing trades generated that are still running.

My questions

1) Are there recommended currency pairs, or can this be used on any pairs? Are there any that should be avoided and why?

2) Is there a specific time frame this EA should be used on? Or can it be used on many

3) If using the 4 TimeFrame Indicator, what time frame should it be applied to? Does it matter?

Thanks in advance, you guys are awesome! Keep the thread going and the pips coming.

SirWolf
  • #368
  • Mar 8, 2007 1:45pm Mar 8, 2007 1:45pm
The TF script is black. You have to switch to a background color other than black to see the TF next to each bar. And then use the chart shift function.

Quoting XOLOSIS
How rude of me, what I meant to say was thanks steinitz for sharing this with us. I'm glad many are doing well.

Now that example explains but which bar is which timeframe. How do you guys get the TF beside each bar? Cheers!

BTW I was in Vegas last month and had a ball, definitely going back.
  • #369
  • Mar 8, 2007 1:48pm Mar 8, 2007 1:48pm
Im going out to play poker today. I need a break. I'll answer these questions later. If you re-read my rules you stay in the trade until the current trade turns opposite color and the next TF is no help (wrong color). You might lose all your profit by mechanical approach but I am hoping that in theory this would be the best approach until proven wrong with the EA.

I need some chips!
  • #370
  • Mar 8, 2007 2:07pm Mar 8, 2007 2:07pm
are there alerts available for the HAS indicator? i.e. when it changes color on a particular TF.
  • #371
  • Mar 8, 2007 2:09pm Mar 8, 2007 2:09pm
Quoting BenQ
The TF script is black. You have to switch to a background color other than black to see the TF next to each bar. And then use the chart shift function.
I changed my script to lime. Attached below.

Hey Steinitz, thanks for the nice method. I'm several pips up. Now if eur/jpy will just stop changing colors maybe I'll stay that way, lol.
Attached Image
Attached File(s)
File Type: mq4 4 TF HAS Barlimefont.mq4   10 KB | 716 downloads
Is your SL my TP?
  • #372
  • Mar 8, 2007 2:13pm Mar 8, 2007 2:13pm
That is how I see it as well, just needed some comfirmation. On the 1hr
HAS (Heiken Ashi) is still showing down, but the 30m shows a change to blue.
I entered the trade on the 15m followed up on the 30m & now using the 1hr
as the current guide. This is still a in the profits trade following HAS rules.


AceTrader



"THE HOLY GRAIL IS NOT THE METHOD TRADED, BUT THE TRADER"
  • #373
  • Mar 8, 2007 2:16pm Mar 8, 2007 2:16pm
I just use the default settings for Aroon.

Wow! Go away for a few days and come back to 6,000 threads (ok not that many) to read. Great additional indicators presented and the EA work is a job to be congratulated. Keep it going!

Now to go play with all these new toys.
  • #374
  • Mar 8, 2007 2:25pm Mar 8, 2007 2:25pm
KENMANIA

Nice indicator. When it is up & running should I see the time frames on the
right side of my chart as yours is showing. Mine is missing. Tks

AceTrader
  • #375
  • Mar 8, 2007 2:42pm Mar 8, 2007 2:42pm
Quoting acetrader
KENMANIA

Nice indicator. When it is up & running should I see the time frames on the
right side of my chart as yours is showing. Mine is missing. Tks

AceTrader
Thanks but the credit goes to Matsu on the indicator as well as these other good folk. I just changed the font color.

If you still can't see the font after you load it make sure you have your chart shifted. (See image below)
Attached Image
Is your SL my TP?
  • #376
  • Mar 8, 2007 2:55pm Mar 8, 2007 2:55pm
Kenmania

Tks that did it.

AceTrader
  • #377
  • Mar 8, 2007 3:27pm Mar 8, 2007 3:27pm
Quoting meltri
I tested the EA last night and experienced the same behavior as
yours. Ofcourse nothing is wrong with the EA and thanks to 4xmaster. I guess checking the Aroon Horn will be a great addition.

The EA has a difficulty detecting the trend. It does not know
if it is trending or ranging. You have to analyze it yourself
by looking at 1 hr or 4hr TF. The EA trades based on the color
changes of 2-3 consecutive timeframe but it has no knowledge
of the true direction of the market. I guess the EA will be
profitable by setting a low TakeProfit like 6-10 pips.
Just my 2 cents.
Interesting comment - I just ran the EA on a 5M GBP chart and noticed during a ranging time (Feb 20 to 28) the EA was spanked really hard - $4,400 loss in 8 days! Also the exits seemed a little odd based from what I understand the rules to be (e.g. Sell trade #10 on Feb 22 at 4:50 - finally exited at 15:35 same day - think it should've happened around 13:30 (blue wick, red body on 30M chart).

I've included the backtest report for that time as well as the screen shots that the tester produced.

on the other hand, maybe I'm not fully understanding the rules...

any thoughts?


p.s. - not trying to be negative...thanks Steinitz for sharing your system along with the dedicated support and 4xmaster for putting in all the work to code it!
Attached File(s)
File Type: zip HAS 5M Sample.zip   224 KB | 652 downloads
  • #378
  • Mar 8, 2007 3:43pm Mar 8, 2007 3:43pm
If you were running it in 5M wouldn't you want to exit on 15M?
  • #379
  • Mar 8, 2007 4:33pm Mar 8, 2007 4:33pm
Alright, cant seem to get ea to place trades, I have enable expert advisor on, running on 15 min time frame, and allow live trading, any other ideas?
  • #380
  • Mar 8, 2007 4:51pm Mar 8, 2007 4:51pm
Quoting drayco
If you were running it in 5M wouldn't you want to exit on 15M?

Yes, only if you don't want to continue staying in the trade (not using second exit option) - then the exit would have taken place at 6:30 on the 15m chart.

But if we use Steinitz' (staying in the trade when current HAS candle turned blue), I think we'd exit with the 30M chart.

Looking at Steinitz' exit rules here's how I'm reading them:
1) Current timeframe changes color (5M) and next TF (15M) has opposite upper wick color or whole candle is opposite color.

Now with the rules for staying in...
2) Go to next higher TF (30M) and consider wick vs body color. I'm looking at 30M since I think the current TF is in reference to the 15M exit TF we are watching.

Because the EA didn't exit the trade from what I would have expected, I wasn't sure if I understood the instructions - but if I'm correct then the EA isn't exiting properly.
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