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

  • #381
  • Mar 8, 2007 5:18pm Mar 8, 2007 5:18pm
Quoting BenQ
What does the period 8 refer to? If this is on a 15 min chart, should it be set to 15, for example?
The 8 is the default setting that can be used in any time frame.

For example, if you were using a 15 30 60 4H setup, you could plot the following on your 15 minute chart to show you the HMA trends for the 4 time frames: 8 (default) 16 (8x2) 32 (16x2) 128 (32x4)

You can do this on any TF using always using 8 as your first HMA.
  • #382
  • Mar 8, 2007 7:52pm Mar 8, 2007 7:52pm
Quoting acetrader
Kenmania

Tks that did it.

AceTrader
Is your SL my TP?
  • #383
  • Mar 8, 2007 8:33pm Mar 8, 2007 8:33pm
Stein,


I like your screen shots of your chart set up. Can you save it as a template and post it to share so we are all on the same page?

Thanks,

Bagovino
"Skills pay the bill's!"
  • #384
  • Mar 8, 2007 9:04pm Mar 8, 2007 9:04pm
Hey guys!

Just got back from the Bellagio and made 740.00 in 3 hours playing no limit. I love the tourists!

I have included my 3 templates. I am not totally convinced that I will use the 3rd template as I want to read more about the logic of the program and how it can predict areas of movement.

It does look nice and has a great little count down clock. Last night I went live and was up 10 pips and closed out 13 pips loss. The 1M, 5M didn't go anywhere and it looked like it could of if you compared it to a move just like it hours ago.

The great thing is "you can't fight the tape" as they say on Wall Street. Sometimes there is no logic why it doesn't perform like a perfect set-up. I just closed out following the colors.

Here are the attachments.
Attached File(s)
File Type: tpl 1.tpl   3 KB | 642 downloads
File Type: tpl 2.tpl   2 KB | 554 downloads
File Type: tpl 3.tpl   3 KB | 578 downloads
  • #385
  • Mar 8, 2007 9:15pm Mar 8, 2007 9:15pm
I have an observation. I believe that short term trading is a bit tougher then longer term for the following reasons:

1. Short term will have whips by nature of the TF (logical)

2. Spread must be considered in TP and/or commissions

3. Short term spikes due to electronic trading or news will be a big factor for success

4. This is subtle but because we are exiting on a fcolor change and this indicator helps keep you in a trade londer with its ability to average and smooth, the tendency will be to lose a large portion of profit from waiting for the exit on the shorter TF's

Therefore I suggest to trade longer TF's and even news want change the color easily because of the nature of this indictor taking averages and smoothing. Then when you do exit you will find you had accumulated enough PIPS after giving some back when this lagging indicator gets you out on the "late side".



I hope this makes sense. Just my 2 cents worth
  • #386
  • Mar 8, 2007 9:28pm Mar 8, 2007 9:28pm
I have made it easier to change bar width, bar colours, and text colour in this version.

Regards,
Matsu
Attached File(s)
File Type: mq4 4 TF HAS Bar.mq4   10 KB | 962 downloads
  • #387
  • Mar 8, 2007 9:35pm Mar 8, 2007 9:35pm
have an observation. I believe that short term trading is a bit tougher then longer term for the following reasons:

1. Short term will have whips by nature.

2. Spread must be considered in TP and/or commissions

3. Short term spikes due to electronic trading or news will become a big factor for success

4. This is subtle but because we are exiting on a color change and this indicator helps keep you in a trade londer with it's ability to average and smooth, the tendency will be to lose a large portion of profit from waiting for the exit on the shorter TF's

Therefore I suggest to trade longer TF's and even news releases won't change the color easily because of the nature of this indictor taking averages and smoothing. Then when you do exit you will find you had accumulated enough PIPS even after giving some back, when this lagging indicator gets you out on the "late side".



I hope this makes sense. Just my 2 cents worth
  • #388
  • Mar 8, 2007 9:36pm Mar 8, 2007 9:36pm
Can anyone tell me why the EA is not working on my MT 4 platform? It will put up an alert saying buy or sell, but then nothing changes in the trade tab.
  • #389
  • Mar 8, 2007 9:40pm Mar 8, 2007 9:40pm
Very nice indicator. It makes it easy to check different TF's without the need to draw a vertical line on one specific bar and flip through the different Tf's.

Can you somehow modify the code to incorporate a "split" bar. Meaning when we get that important bar that has a wick one color and body another somehow to program that to be displayed right along side the other bars?

That bar would be equal bar length (physically) but split 50/50 in the two colors.

Kind cool if you can.

Thanks




Quoting Matsu
I have made it easier to change bar width, bar colours, and text colour in this version.

Regards,
Matsu
  • #390
  • Mar 8, 2007 9:43pm Mar 8, 2007 9:43pm
Quoting steinitz
4. This is subtle but because we are exiting on a color change and this indicator helps keep you in a trade londer with it's ability to average and smooth, the tendency will be to lose a large portion of profit from waiting for the exit on the shorter TF's
I would have thought more profit would be lost on the longer TF's. If waiting for a 4 hour candle to close to confirm exit and the price is going against you, you can lose alot of pips in 4 hours!
Is your SL my TP?
  • #391
  • Mar 8, 2007 9:47pm Mar 8, 2007 9:47pm
Take a look at your charts and you decide. I have and I know very few if any successful scalpers out there. The longer TF gives you more wiggle room for noise and news.

Take a look and see what you think.

Quoting kenmania
I would have thought more profit would be lost on the longer TF's. If waiting for a 4 hour candle to close to confirm exit and the price is going against you, you can lose alot of pips in 4 hours!
  • #392
  • Mar 8, 2007 9:57pm Mar 8, 2007 9:57pm
Quoting steinitz
Take a look at your charts and you decide. I have and I know very few if any successful scalpers out there. The longer TF gives you more wiggle room for noise and news.

Take a look and see what you think.
I don't like scalping, either. I guess I'm just thinking of the "perfect" setups you spoke of, where you get in on the fifteen min. and ride it up to the daily.

I haven't studied it out yet, but right now I'm on a sideways move of the AUD/NZD, entered on the fifteen minute bar and if it goes the right direction I assume I can ride it up to as many TF's as it will go, but if I get just one opposite candle on my fifteen I'm out with just a loss of a few pips.

Thanks again for this Steinitz. It's a dandy method.
Is your SL my TP?
  • #393
  • Mar 8, 2007 10:07pm Mar 8, 2007 10:07pm
Im in GBP/USD on a longer ride. I am short and down about 25 PIPS. Thank God I won at poker today. The 4h and daily are red. I have a 50 PIP stop since I am not in love with this entry. The weekly has a split candle down too.

Let's see what happens. There were great trades last week.
  • #394
  • Mar 8, 2007 10:13pm Mar 8, 2007 10:13pm
Quoting steinitz
Very nice indicator. It makes it easy to check different TF's without the need to draw a vertical line on one specific bar and flip through the different Tf's.

Can you somehow modify the code to incorporate a "split" bar. Meaning when we get that important bar that has a wick one color and body another somehow to program that to be displayed right along side the other bars?

That bar would be equal bar length (physically) but split 50/50 in the two colors.

Kind cool if you can.

Thanks


How about this? (See attached chart) But it requires 2 seperate indicators due to MT's limitation, unless you can live with only 2 timeframes.

Matsu

ps. You icon is making it hard for me to resist responding
Attached Image
  • #395
  • Mar 8, 2007 10:21pm Mar 8, 2007 10:21pm
I can live with dual indictaors. If not I am happy with your original one. It must be a curse to have such brain power!



Quoting Matsu
How about this? (See attached chart) But it requires 2 seperate indicators due to MT's limitation, unless you can live with only 2 timeframes.

Matsu

ps. You icon is making it hard for me to resist responding
  • #396
  • Mar 8, 2007 10:34pm Mar 8, 2007 10:34pm
Quoting steinitz
I can live with dual indictaors. If not I am happy with your original one. It must be a curse to have such brain power!


Got to go now . I will check through the codes again later and post it here.


Matsu
  • #397
  • Mar 8, 2007 10:45pm Mar 8, 2007 10:45pm
Quoting JokersWild
It seems like maybe the blooms are coming off of the rose. Trading is about where is price action going relative to my entry. Fancy schmancy indicators are fun to look at and play with but usually disappoint especially when you play with real money. The problem the HAS is that often by the time everything is aligned the price has gone way beyond a desired entry leaving the gambler in a state of confusion. All indicaors do better on long time frames. Darn it was fun to look at all them perty colors. Hunt down pivot points and S/R's. Read the James16 thread. Stay a mile away from the EA being developed. just my 2cents.
Peace and Good Night
Darn...ya pissed in the punchbowl! :
Is your SL my TP?
  • #398
  • Mar 8, 2007 10:50pm Mar 8, 2007 10:50pm
Quoting JokersWild
It seems like maybe the blooms are coming off of the rose. Trading is about where is price action going relative to my entry. Fancy schmancy indicators are fun to look at and play with but usually disappoint especially when you play with real money. The problem the HAS is that often by the time everything is aligned the price has gone way beyond a desired entry leaving the gambler in a state of confusion. All indicaors do better on long time frames. Darn it was fun to look at all them perty colors. Hunt down pivot points and S/R's. Read the James16 thread. Stay a mile away from the EA being developed. just my 2cents.
Peace and Good Night
I agree. Price action is the best indicator, but the HAS has its benefits nonetheless...
  • #399
  • Mar 8, 2007 10:56pm Mar 8, 2007 10:56pm
Quoting karma729
I agree. Price action is the best indicator, but the HAS has its benefits nonetheless...

I think so too. HAS is sort of trading on price action- it's just smooooothed out.

Kinda like trading on novacaine.
Is your SL my TP?
  • #400
  • Mar 8, 2007 10:57pm Mar 8, 2007 10:57pm
Quoting Matsu
I have made it easier to change bar width, bar colours, and text colour in this version.

Regards,
Matsu
Matsu,

Good piece of work on this MTF HAS. I was just going to ask someone to do it. Thank you very much. BTW, this is my first post here.

BTW, if you are up to it, I have a couple of other custom indicators I would to have converted into MTF.

ENJOY,

fxcruiser
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