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HAS Indicator - Misc indicators & EA's

  • #481
  • Mar 9, 2007 6:49pm Mar 9, 2007 6:49pm
Can't wait to see your new method...
  • #482
  • Mar 9, 2007 7:01pm Mar 9, 2007 7:01pm
You picked a great trade to be in! Great job! If this trade hangs on it will turn the daily blue. Look at the price penetration on the daily chart. Use the line chart to see it penetrate red daily HAS candles.

Quoting acetrader
In reference to the USD/JPY trade I'm in what is now happening is the 30M
is now showing red, but the 1Hr shows blue for up trend, so what should I
do?? I will now keep an eye on the 1Hr tf as it is still showing blue. @ this
point we could tp if you didn't desire to hold over the weekend. Since I'm
up approx 74 pips & its near NY close before the weekend I will close & tp.
On this trade you can see the 4hr chart still shows a nice blue candle. If
this was not near the NY close on Friday I would continue to hold this trade
& follow is progress.

Any view on this trade?

AceTrader
  • #483
  • Mar 10, 2007 1:25am Mar 10, 2007 1:25am
Quoting steinitz
Thanks for your help. I am very busy running several business and if anyone like XOLLOSIS would like to prepare any PDF's or any tools for purposes of documentation I would sincerely appreciate it.

I will be busy this weekend gathering my thoughts on how to present this new method. Let's keep this thread alive since it is a great method for trending markets.

My favorite method will be next as that Is how I have traded before without the need to time the market so exactly. I look forward to all the programmers on here to assist with the next version for ranging markets.

Best!

Steinitz

Thank You Steinitz for sharing your method.

I used HA before, but HAS looks better. Can't wait to see the next method.


Regards,

M. Hafiz
  • #484
  • Mar 10, 2007 2:01am Mar 10, 2007 2:01am
Hi,

System looks great

Just a quick questin.

With the 4 TF HAS bar ind on a 1 min chart and lets say the 5min squares are red.
Then in the last few secnds of a 5min period the price moves and causes a blues bar on the HAS on a 5 min chart.
Finally, the question, back to 4 TF HAS Bar ind on the 1min chart what will happen to the 5 min squares:

1. Will the indicator repaint all the 5min squares blue for that 5min period.

2. Only show a blue square for the last square in the 5min period.

3. A Combo and the one I suspect; Option 2 until the chart is re-opened or the indicator reset and then Option 1.

I ask this as I have not yet observed the indicator with a live feed and I was once caught out doing backtesting using a MFT Ind, 60min on a 5min chart.

Help appreciated


Yelow
  • #485
  • Mar 10, 2007 5:33am Mar 10, 2007 5:33am
Yellow2

What do you think of the method I sent to you? If you compare Heiken Ashi
smoothed with what I have you will see Heiken Ashi Smoothed (HAS) is far
superior. HAS is simple in it design & offers several different
price levels to confirm your trade direction & the chart is uncluttered. Pull
up the USD/JPY & take a look @ the 15m, 30m, 1H & 4H charts......they are
all confirming up with the blue candle. I have been trading FX since 1999 &
stock 10 yrs prior & this method is better to trade FX.

Just wondering what you thought of this method so far. Will only get better
with STEINITZ new addition.

AceTrader
  • #486
  • Mar 10, 2007 10:14am Mar 10, 2007 10:14am
Let me just answer your question this way.

The last color bar while forming will alwats be in a unstable condition with likely color changes until that bar closes. Once closed it will remain that color regardless of any future action.

No repainting with this indicator. If did I wouldn't use as I feel there next to useless information to trade with.

Quoting Yellow2
Hi,

System looks great

Just a quick questin.

With the 4 TF HAS bar ind on a 1 min chart and lets say the 5min squares are red.
Then in the last few secnds of a 5min period the price moves and causes a blues bar on the HAS on a 5 min chart.
Finally, the question, back to 4 TF HAS Bar ind on the 1min chart what will happen to the 5 min squares:

1. Will the indicator repaint all the 5min squares blue for that 5min period.

2. Only show a blue square for the last square in the 5min period.

3. A Combo and the one I suspect; Option 2 until the chart is re-opened or the indicator reset and then Option 1.

I ask this as I have not yet observed the indicator with a live feed and I was once caught out doing backtesting using a MFT Ind, 60min on a 5min chart.

Help appreciated


Yelow
  • #487
  • Mar 10, 2007 10:32am Mar 10, 2007 10:32am
Hi Folks!

Maybe I am not understanding the method correctly when I ask this question. Thanks in advance, you are all very helkful and I am excited by the potential of this method.
Lets say I am watching the following TFs: 15M, 30M, 1H and 4H. I see the 15M turn blue so I start watching the 30M, when I see both the 15M and 30M turn blue it is safe to enter a long trade? Correct? Or I can wait for further confirmation of a stronger trade by waiting for the 1H to then turn blue. COrrect so far?
Now, lets say I entered this trade when the 15M and the 30M turned blue. If the 15M turns red I am supposed to look to the 30M and see when that turns red and if that turns red I am to look to the 1HR until that turns red. So, my question is, why do I even bother watching the lower TFs. WHy dont I place my trade and just start watching the 1H then? We appear to only be watching the lower TFs and then when they turn we just go to the higher TF anyways.
IS my question clear? Am I not understanding things correctly on when to enter or exit a trade? Thanks folks!
Believe and Achieve!
  • #488
  • Mar 10, 2007 11:24am Mar 10, 2007 11:24am
Quoting sirwolf
Hi Folks!

Maybe I am not understanding the method correctly when I ask this question. Thanks in advance, you are all very helkful and I am excited by the potential of this method.
Lets say I am watching the following TFs: 15M, 30M, 1H and 4H. I see the 15M turn blue so I start watching the 30M, when I see both the 15M and 30M turn blue it is safe to enter a long trade? Correct?

Correct.

Or I can wait for further confirmation of a stronger trade by waiting for the 1H to then turn blue. COrrect so far?

No. Use only 2 TF's to enter a trade. 5/15; 15/30; 30/1H; 1H/4H whatever you prefer. I generally use 15/30.

Now, lets say I entered this trade when the 15M and the 30M turned blue. If the 15M turns red I am supposed to look to the 30M and see when that turns red and if that turns red I am to look to the 1HR until that turns red.

Correct.

So, my question is, why do I even bother watching the lower TFs. WHy dont I place my trade and just start watching the 1H then? We appear to only be watching the lower TFs and then when they turn we just go to the higher TF anyways.
IS my question clear? Am I not understanding things correctly on when to enter or exit a trade? Thanks folks!

Well not quite that simple. You are following a progression through the time frames. Let's say you enter on 15/30 both blue. Now you just watch the 1H. The 1H turns is red...what do you do? But, if you were watching the 30m it is still blue, so under this system you would wait until the 30m turned red before going to the 1H.

In other words, the 1H is going to respond slower to a change in trend and in a best case scenerio the 1H is red when you enter the 15/30. By progressing from 15 to 30 ...by the time the 30 min turns red the 1H will be turning blue...and by the time the 1H turns red the 4H is turning blue.

If you just jump from 15 to 1H you are not giving the 1H enough time to respond and show you the longer term trend developing.


See above in blue.
  • #489
  • Mar 10, 2007 11:47am Mar 10, 2007 11:47am
Thanks Spudfire. I got ya. I guess in my brain was thinking that the 1HR would already be BLUE - but not necessarily.

Okay, so let me ask two more questions:

1) Same scenario: 15M, 30M, 1H and 4H. I enter when the 15/30 are both BLUE. I watch the 30 and it turns RED so I jump to the 1HR. If the one hour is RED also, do I exit the trade right then and there?

2) Same scenario: 15M, 30M, 1H and 4H. I enter when the 15/30 are both BLUE. I watch the 30 and it turns RED so I jump to the 1HR. The 1H is Blue so I continue to watch. When the 1H turns red to I jump to the 4H next or do I end the trade. And if I do jump to the 4H, then when it turns red to I jump to the daily? I guess I am confused as to how many TFs to conintue up with or when to exit.

Thanks! If I can grasp this piece, I think I am fine.

SirWolf
Believe and Achieve!
  • #490
  • Mar 10, 2007 1:59pm Mar 10, 2007 1:59pm
Quoting sirwolf
Thanks Spudfire. I got ya. I guess in my brain was thinking that the 1HR would already be BLUE - but not necessarily.

Okay, so let me ask two more questions:

1) Same scenario: 15M, 30M, 1H and 4H. I enter when the 15/30 are both BLUE. I watch the 30 and it turns RED so I jump to the 1HR. If the one hour is RED also, do I exit the trade right then and there?

2) Same scenario: 15M, 30M, 1H and 4H. I enter when the 15/30 are both BLUE. I watch the 30 and it turns RED so I jump to the 1HR. The 1H is Blue so I continue to watch. When the 1H turns red to I jump to the 4H next or do I end the trade. And if I do jump to the 4H, then when it turns red to I jump to the daily? I guess I am confused as to how many TFs to conintue up with or when to exit.

Thanks! If I can grasp this piece, I think I am fine.

SirWolf
1. I would unless the 15/30 are blue again. If the 15 has been blue for a while you might want to take a look at the 30 and see how it looks. If there is no sign of blue in the 15/30 out you get.

2. How many timeframes you want to run is entirely up to you. I just run 15/30/1H most of the time.

If you think about it, a 15/30 red means you should be going short so riding a 4H blue long at the same time is a contradiction.

For example, look at EUR/USD on Friday. The 4TF MTF HAS is 15blue 30red 1Hred 4Hred and we would be in a short position. The price has been trending up for almost 8 hours. If we go by the system rules we are still riding the 30red and still short. If you add another indicator like Mouteki, you would confirm that staying short is the right call. However the 15 is blue and I would keep a very close eye on the 30, if the 15 and 30 go blue I'm going long and won't jump to the 1H short. If you look at the 30 in detail, it looks like it may go blue.
  • #491
  • Edited 2:35pm Mar 10, 2007 2:15pm | Edited 2:35pm
It would seem to me that some some sort of adjustment might have to be made depending upon the ratios of the time frames being used.

For example, if you were using 15M as your lower time frame and 30M as your upper (confirming) time frame the ratio between the two would be 2:1. You're waiting for a time frame twice as great to confirm your lower time frame which is the TF you are actually trading.

If you were using 1H as your lower time frame, you would have to wait for the 4H to confirm your entry. The ratio would be 4:1 with this trade.

If you were trading the 4H, you would have to wait for the Day to confirm your entry. The ratio would be 6:1 (3 times greater then the 15M 30M scenario).

What's the difference you may ask. The difference is that you might be waiting longer than neessary for confirmation before you could enter the trade forfeiting precious pips in the process.

I'm sure I'm not the first that has noticed this. Perhaps its not all that
significant. I just hate to sit on the sideline waiting for more confirmation that may be necessary on the longer time frames.

Anybody have any thoughts about this?
  • #492
  • Mar 10, 2007 2:17pm Mar 10, 2007 2:17pm
Quoting sirwolf
Hi Folks!

...So, my question is, why do I even bother watching the lower TFs. WHy dont I place my trade and just start watching the 1H then? We appear to only be watching the lower TFs and then when they turn we just go to the higher TF anyways.
I watch the lower timeframes because if they are in alignment other techs like S/R, trendlines, etc. I can enter the trade earlier (more pips).

The longer TF's I think are good for determining the strength of the trend.

You enter either/or depending on your risk tolerance and trading style.
Is your SL my TP?
  • #493
  • Mar 10, 2007 2:23pm Mar 10, 2007 2:23pm
Quoting acetrader
Brad

Thanks for your comments, but I think I'm not getting the last 3-4 lines.
I'm farmiliar with ATR, Stoch, MACD & all the lagging indicator squad, but
was not sure how you are using these to trade. It appears they offer support & resistance & either trade the breakouts or the bounce. Is that
correct? Have not used many indicator in the past with the exception of RSI
& MACD @ times with RSI being the favored one. @ this time do you find
ATR Indicator working as I know all fail @ some point?

The knee print in the sand I understand as we have all been there.....Well
I guess all of us have. The 5%, is that the winning 5%? I feel more than 5%
win in this business......say 10-15 @ best.

Tks for your help.

Ace
At this time the atr levels indicator is working well on the 14 day setting. It defined swissie and euro very well Friday. Did well on cable 4 of 5 days this week. Of course Friday the action was so few pips neither side got hit. Put together with other signs of exhaustion of a move they can work very well. Learning this HAS method with his settings look like it fits together. If price has crossed more than 75% of the range the levels are reasonably firm lines.

Brad
  • #494
  • Mar 10, 2007 2:29pm Mar 10, 2007 2:29pm
I was just going to add that when the higher TF bar is in the changing mode since that bar has not closed yet you will not be entering in the beginning of a trend early enough. The lower TF is what comprises the next higher TF closed bar. If you jump to the higher TF first you lost some earlier movement.

I am off to start the new thread now......

Bye

Quoting Spudfyre
See above in blue.
  • #495
  • Mar 10, 2007 2:35pm Mar 10, 2007 2:35pm
Good question!

Since the platform MT4 supports fixed TF's I assumed we would all follow the TF's I mentioned in earlier posts. If you have the ability to keep everything 2:1 I would!

I just don;t have that luxury with MT4. Yes you would be waiting longer for an exit which would/could be less then optimal in timely entries and exits.

Good observation......

Quoting chazbo 3071
It would seem to me that some some sort of adjustment might have to be made depending upon the ratios of the time frames being used.

For example, if you were using 15M as your lower time frame and 30M as your upper (confirming) time frame the ratio between the two would be 2:1. You're waiting for a time frame twice as great to confirm your lower time frame which is the TF you are actually trading.

If you were using 1H as your lower time frame, would would have to wait for the 4H to confirm your entry. The ratio would be 4:1 with this trade.

If you were trading the 4H, you would have to wait for the Day to confirm your entry. The ratio would be 6:1 (3 times greater then the 15M 30M scenario).

What's the difference you may ask. The difference is that you would be waiting longer for confirmation before you could enter the trade forfeiting precious pips in the process.

I'm sure I'm not the first that has noticed this. Perhaps its not all that
significant. I just hate to sit on the sideline waiting for more confirmation that is necessary on the longer time frames.

Anybody have any thoughts about this?
  • #496
  • Mar 10, 2007 5:25pm Mar 10, 2007 5:25pm
BradOne

I have been giving the ATR @14 a go over today & it looks great & a great
fit for HAS. Your right the EUR/USD & USD/CHF went to the resistance &
turned. I can see this as an indicator to compliment any system. Tks
again for the indicator & how you use it.

AceTrader
  • #497
  • Mar 10, 2007 7:10pm Mar 10, 2007 7:10pm
Quote
Since the platform MT4 supports fixed TF's I assumed we would all follow the TF's I mentioned in earlier posts. If you have the ability to keep everything 2:1 I would!

I just don;t have that luxury with MT4. Yes you would be waiting longer for an exit which would/could be less then optimal in timely entries and exits.

You can use Period Converter Optimized indicator to make nonstandard timeframes. Almost any TFs really.

Go here and follow the instruction:

http://codebase.mql4.com/indicators/277/

Hope it helps.
  • #498
  • Mar 10, 2007 8:20pm Mar 10, 2007 8:20pm
Thanks to SPUD and others for the feedback. I understand now and will continue forward testing in DEMO mode with a new understanding of the method. Looking forward to seeing the newer method too.

Have a great weekend all!
Believe and Achieve!
  • #499
  • Mar 10, 2007 8:41pm Mar 10, 2007 8:41pm
I just followed the instructions and turned my 1hr into a 1hr. Looks like you have to go offline first then your chart will update in real time. Unsure about how you switch to other TF's since the upper toolbar is greyed out?

I will keep this indicator and instructions if needed some day. Right now everything is in accordance to the standard default.

Good to know!

Thanks

Quoting tkman
You can use Period Converter Optimized indicator to make nonstandard timeframes. Almost any TFs really.

Go here and follow the instruction:

http://codebase.mql4.com/indicators/277/

Hope it helps.
  • #500
  • Mar 10, 2007 8:48pm Mar 10, 2007 8:48pm
just followed the instructions and turned my 1hr into a 3hr.
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