HAS Indicator - Misc indicators & EA's

I like this better. BUT don't you think that it would look better reversed? red wick = small red square just like the wick. You have it opposite.

My opinion

I like this better. BUT don't you think that it would look better reversed? red wick = small red square just like the wick. You have it opposite.

My opinion

So the Cable just gave a short signle in the 15 minute time frame

YES

It doesn't matter. I can see both ways being totally logical. I am leaving it alone.

My hats off to Matsu!

How would you place your stop in this 15 minute time frame short trade on the cable? 15 pips sound reasonable?

Oops! You're right. Attachment removed.

Sorry for the error .


Matsu

That my friend is the MILLION dollar question. Nobody really knows that answer. Nobody will really figure that out either. You can't predict with enough certainty how much movement any trade will make.

Yes you can look at res & supp or BB, MA's etc. That is whY I wanted a mechanical approach to take the psychological element out of the exit.

Next week I will introduce something that exceeds this entry and exit. We will all make more money with less uncertainty.

I've been using the indicator below for support and resistance levels. I have seen that this method will take you to the next support/resistance with a bit of certainty.

So, what I do is close half of my position when a level is reached (or crossed and price gasps for breath). I move s/l to b/e and leave the rest a bit more.

It may not give super pips, but it's safer and this is very important to me. I hope this helps.

Can you explain the "yesterday's quotations"?

Are these standard FIB levels?

Are the fib lines only for the right side of chart?

Thanks

Looking forward to that big post you've been talking about. If its really something amazing make sure its before the market open on sunday.

Thanks for the answer Stein... It helped alot! No offense to the period thing... I needed a laugh on a stressful trading night!


Bag

In my chart, the lines are dotted and take up the whole screen. As for the info on the left side, it is yesterday's High, Low and Close. Personally, I could do without it, but I do not know how to erase it.

Hi guys,

It seems to me that a couple of you are getting a bit lost with this method so I think we need a pick me up.

Always bear in mind that very few methods or traders have consistant success in every trade being profitable. This is paramount in trading, and is effectively the key, in that losses are minimised during periods when performance is below average. It seems that a day or two when trading is not as easy as it was have dented the confidence. Keep the faith.

Anyhow, I mentioned earlier that I was going to post some ideas that I have. I mentioned that I am mainly basing my current research on the cyclical activity of the markets. If I can achieve what I hope to I will use this as the ultimate filter on top of another strategy that provides the exact entry/exit rules. Essentially if I think the dominant cycle is up then I would only take long entries, or set an EA to only execute longs. Opposite for shorts. If I think that the direction is indeterminate then I would either stay out or reduce the position size.

One element I like of the 4TF indicator is it can effectively highlight the possibility of a cycle on different timeframes, therefore improving the chances of getting a positive trade. The problem is determining cycles this way is that they are lagged, so if you are about to get in according to the indicator you may be at the peak of the short cycle, and higher cycle timeframes are also at a turning point and you are not aware of this until they have turned. I wont continue with comment on cycles here until I have completed my work and determined if the MF HAS is a good indicator or not, and if it is what settings are best.

It may be useful for those who code the MT indicator to look at the possibility of having different settings for the higher timeframes as this may allow some flexibility in identifying the cyclical movements.

My ideas for an EA, either with or without any cyclical analysis, would be along the following lines.

1) Optional: Determine the direction or trade size using market cycles
2) When all timeframes, or 3 of 4 timeframes, align and in any determined cycle direction, then enter an order with a pre-determined SL at a defined % risk.
3) Exits are an issue. My suggestion would be to run a tight trailling stop. Yes you are going to get closed out sometimes before a big move your way, but I think that you are going to get the majority of trades closing at a profit. As a TP I would set it as the same as the initial SL.
4) If the shortest timeframe changes colour and then re-aligns with the longer TF, then re-enter if the cycles still line up.

I would appreciate it if anyone could comment on these ideas, and if the coding gurus could implement them if they think there is merit in them.

I would add that my intention would be to run an EA on charts with the shortest TF set at 5 min, and on multiple pairs. I have the current EA set up on several pairs but have only had one trade on USDJPY until I turned off the MM, despite there being many opportunities. This may need reviewing.

Comments appreciated.

G-Man

In closing I just want to say that everybody here wants the same thing. I originally started this thread to get people to see my question about this indicator. Now we have grown to umpteen posts and going strong.

I really take my hat off to everybody that programs these indictors. I know what it takes to concentrate and make these things function right. I just wish I found FF years ago.

I am by no means the last authority on anything. I just spend a lot of hours in front of charts like you guys. I have spent all my adult life finding various edges in games of chance.

I am used to making easy money the hard way. I have achieved everything I ever imagined in casino games and they are my personal withdrawl machine.

If interested and you recognize my last name go to Google and type "Steinitz" in there. My great great grandfather was the first world chess champion and every chess master knows steinitz for his opennings.

I will be back later to discuss a method that I have used before that I felt is the way to trade with a high degree of consistencty and success of course. I just never had the right indicator to confirm a strong trend.

Later.......

Steinitz

Steinitz, we know the entry has good. Have you even considered using the attached file as your exit strategy, set to 3x ATR ?

By eye, it seems to look very good at locking in those pips before you lose them. Van Tharp reckons you can make money just with random entry and a 3x ATR stop. I have also read about traders that have tried and confirmed that.

So the idea being is you place that in your lowest TF. If bar CLOSES above/below stop, time to get out. However if your standard HAS gets you out sooner (which most times it won't), take that exit.

I will look at it. Thanks!

hi guys ,interesting thread.i use a similiar kinda set-up and thought id drop in my .M.A.C.H.3 alert,if you use the settings MaMethod 1 , MaPeriod 11 it will give you an alert on the change on the 5 min time frame for your entries.

also noticed that the *4 tf has bar indicator* is not updating on time and needs refreshing

You're right of course.........I think that a lot of people can get too greedy. If you can nail a good entry point and it shows +Pips, a good trader will have the 'feel' to either take or ride the trade. There are losses at this game and a good trader accepts them knowing he can offset them with his mindset and strategy. Personally, I think that your strategy suits me over what I have looked at before and if it evolves into something that suits me better, I will use that too. I have far better entry points and if I can make 200pips a month, it will make me a millionaire. As was stated earlier, every pair has its own 'idiosyncrasies'. Thank you Steinitz and I look forward to your next thread.
You obviously know the 'Secret!'