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HAS Indicator - Misc indicators & EA's

  • #441
  • Mar 9, 2007 4:45am Mar 9, 2007 4:45am
On a slightly different tack, my Greed point I made earlier, is the want or need which leads the great minds to search for a solution..........long may the inventiveness of man continue. Love the way this thread is evolving....... .

Keep em coming and bag those pips!
  • #442
  • Mar 9, 2007 5:23am Mar 9, 2007 5:23am
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.
Can anyone please tell me how exactly should i use the Aroon Horn indicator for entry/exit confimartion ?

thanks
The 4xMaster Here a Pip, There a Pip, Everywhere a Pip Pip
  • #443
  • Mar 9, 2007 5:48am Mar 9, 2007 5:48am
Search at google and got "Wilhelm Steinitz". Is this your great grandfather? First world chess champion.. salute on him ....
  • #444
  • Mar 9, 2007 7:22am Mar 9, 2007 7:22am
Im looking at the 4TF HAS bar, and just to clarify, the top bar is the longest TF and the bottom bar is the shortest TF?
this is what I thought, but it says MTF HAS (15,30,60,240) 4 3 2 1...Implying that the 15M TF is the top bar?

does anyone know? thanks!
  • #445
  • Mar 9, 2007 7:55am Mar 9, 2007 7:55am
Quoting 4xMaster
Can anyone please tell me how exactly should i use the Aroon Horn indicator for entry/exit confimartion ?

thanks
See Post 114
  • #446
  • Mar 9, 2007 9:16am Mar 9, 2007 9:16am
Quoting leeroy brown
Im looking at the 4TF HAS bar, and just to clarify, the top bar is the longest TF and the bottom bar is the shortest TF?
this is what I thought, but it says MTF HAS (15,30,60,240) 4 3 2 1...Implying that the 15M TF is the top bar?

does anyone know? thanks!
The TF's are labeled on the indicator- just to the right of the bars. You have to shift your chart to see them. If you're using the original 4TF HAS, the font is black, so your chart background needs to be a different color than black.
Is your SL my TP?
  • #447
  • Mar 9, 2007 10:21am Mar 9, 2007 10:21am
Yes. Wilhelm Steinitz is the chess master I referred to.

Quoting wan_grunge
Search at google and got "Wilhelm Steinitz". Is this your great grandfather? First world chess champion.. salute on him ....
  • #448
  • Mar 9, 2007 10:24am Mar 9, 2007 10:24am
hello
just be aware when backtesting


"Its all MTF inducators repaint because its in developing stage until close of the underlying bar happens." see the pics
Attached Images
  • #449
  • Mar 9, 2007 10:57am Mar 9, 2007 10:57am
Quoting sshhmmuueell
hello
just be aware when backtesting


"Its all MTF inducators repaint because its in developing stage until close of the underlying bar happens." see the pics
I don't think that is the MTF indicators repainting problem. Everybody knows that when a candle is developing, an indicator will change state, which is why a lot of traders will wait for a bar close for confirmation.

In my experience 'repainting' occurs when in realtime a signal does or doesn't occur. Then after the bar has closed, if you reload the indicator or restart MetaTrader, it appears, or it appears in a different place to where is was originally painted.

These HAS indicators do not seem to do that.
  • #450
  • Mar 9, 2007 11:02am Mar 9, 2007 11:02am
Guys, what am I doing wrong, all of my 4TF HAS only shows red???
See attached picture.
Thanks
Dennis
Attached Image
  • #451
  • Mar 9, 2007 11:06am Mar 9, 2007 11:06am
I dont think so, I am kinda new to MT4.....
  • #452
  • Mar 9, 2007 11:16am Mar 9, 2007 11:16am
Quoting rogerha
I don't think that is the MTF indicators repainting problem. Everybody knows that when a candle is developing, an indicator will change state, which is why a lot of traders will wait for a bar close for confirmation.

In my experience 'repainting' occurs when in realtime a signal does or doesn't occur. Then after the bar has closed, if you reload the indicator or restart MetaTrader, it appears, or it appears in a different place to where is was originally painted.

These HAS indicators do not seem to do that.

did you look at the pictures??/
  • #453
  • Mar 9, 2007 11:32am Mar 9, 2007 11:32am
Quoting sshhmmuueell
did you look at the pictures??/
Yes, I am not using the 4HAS indicator, just the original HASmoothed.

What you are seeing there is probably why the guy who posted that indicator suggested a reload of the indicator to confirm.

So you're right, that one repaints, but the original one doesn't.

Either way, its not correct to say all MT indicators repaint because it is due to the bar/candle forming.
  • #454
  • Mar 9, 2007 12:21pm Mar 9, 2007 12:21pm
I think it would be a good idea if we can edit the first post of this thread to include all indicators used in this method as well as a PDF. This will answer alot of the redundant questions being asked.

As this thread grows and more and more traders join, you will see these questions asked over and over hundreds of times... Just trying to relieve a headache for Steinitz.

B.
"Skills pay the bill's!"
  • #455
  • Mar 9, 2007 12:34pm Mar 9, 2007 12:34pm
Quoting Matsu
I have made it easier to change bar width, bar colours, and text colour in this version.

Regards,
Matsu
Thanks! I love the indicator. I set up a multi screen with just the indicator showing. Looks like the attached. Now all I have to do is adjust tf's to what is best going forward and wait for the signals. One problem with backtesting is the color is not solid until close which on a 4 hour and up tf can change in and out. Pairs like gbpjpy can go up 200 and down 200 in 4hours and do. For catching trends and identifying entries or add points to trend this is impressive.

Thanks to all
Attached Image
  • #456
  • Mar 9, 2007 12:48pm Mar 9, 2007 12:48pm
From the demo testing I have done so far on this method I am most pleased
with the results. Am most interested in what Steinitz is working on that will
make this a better method. Whatever it is I'm sure it will get better. As we
all know by now nothing will ever be 100% accurate in this business, but
following the rules & adding whatever Steinitz developes should put the odds
more in our favor.

So far following the rules as Steinitz gave in the beginning I have had all
winning trades in the demo mode. There are times that you can enter the
trade on the 15M tf & have a signal comfirmation on the 30M, 1Hr & even
the 4Hr. This is a very strong signal when comfirmed on 4 tf's. Check the
USD/JPY pair @ this time to see what it is showing. Start on the 15M
15:30gmt candle & go forward thru to the 4Hr tf. & it shows we have a
very strong signal. I'm in this trade now on DEMO MODE & it is up approx
78 pips. Not a bad payday @ all if I was live. This great method can
only getter better with practice & adding whatever Steinitz puts together.
The only filters I am using @ this time are RSI @14 & MACD @15,26,1 &
they are comfirming signals from HAS. I'm not using any other indicators
that have been post on this thread, but that is not to say they don't have
value for this method. Frankly I have been to busy trading HAS to give
them a go, but will do so next week.

Not seeing many post their trades so far, if you have any results it would
great to see them. My results from Thur are #1.USD/JPY - +61 &
#2.GBP/CHF - +90. Previous results have also been posted. These are all
DEMO. I would like to thank STEINITZ & all the programmers & others
that are adding to the value of this method each day. Have A Great Weekend.


"THE HOLY GRAIL IS NOT THE METHOD TRADED, BUT THE TRADER"


AceTrader
  • #457
  • Mar 9, 2007 12:52pm Mar 9, 2007 12:52pm
Quoting steinitz
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.
What is happening to you here is typical when markets go from trending to ranging. This is where programing an expert to identify the change is tough when we as traders get so locked into trading a signal we ignore the basics. I know you are trying to create rules to follow exactly but rarely does the market give you that opportunity for long. Works in a trending market but not ranging which cable has been in this week unless you go short from the top of the range and long from the bottom. Your HA smoothed indicator, in fact on the 4hr chart is clearly defining this ranging market. Please note the attached. Trying to program the study of market structure into an expert has been worked on for a long time. For manual trading, what has been brought together here in a very short time is awesome.

Thanks
Brad
Attached Image
  • #458
  • Mar 9, 2007 1:10pm Mar 9, 2007 1:10pm
Hi Brad

Excellent explanation & I totally agree. For me this is better as a manual
method. You can only built so much into an EA according to traders
I know that are versed @ coding. If someone can develope an EA for this
method that would be great, but until then I'll stick with manual.
BTW: are those BOX Indicator lines on the chart you posted?


AceTrade
  • #459
  • Mar 9, 2007 1:19pm Mar 9, 2007 1:19pm
Yes a lot of redundent questions. Like I said we will have a new thread on Saturday night b-4 market opens Sunday. That is my goal. We are going to look at this method in a much different light.

The tools are here already and multiple TF's are the key to this.

Off the tables today to for hopefully a withdrawl.......



Quoting bagovino
I think it would be a good idea if we can edit the first post of this thread to include all indicators used in this method as well as a PDF. This will answer alot of the redundant questions being asked.

As this thread grows and more and more traders join, you will see these questions asked over and over hundreds of times... Just trying to relieve a headache for Steinitz.

B.
  • #460
  • Mar 9, 2007 1:31pm Mar 9, 2007 1:31pm
Well put. I agree. Infact I took Cable this week and got stuck afew pips but I trade live and I don't like losing. I will come back with another major tool in our toolbox. You can trade the new method in ranging markets! Actually it will do better in a ranging market with moderate vol then in a strong trending market.

We will have two ddifferent distint methods for all market behaviors.

Bye for now......

Quoting Bradone
What is happening to you here is typical when markets go from trending to ranging. This is where programing an expert to identify the change is tough when we as traders get so locked into trading a signal we ignore the basics. I know you are trying to create rules to follow exactly but rarely does the market give you that opportunity for long. Works in a trending market but not ranging which cable has been in this week unless you go short from the top of the range and long from the bottom. Your HA smoothed indicator, in fact on the 4hr chart is clearly defining this ranging market. Please note the attached. Trying to program the study of market structure into an expert has been worked on for a long time. For manual trading, what has been brought together here in a very short time is awesome.

Thanks
Brad
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