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Heiken-Ashi System

  • #121
  • Mar 21, 2007 10:40am Mar 21, 2007 10:40am
Quoting BGazzoni
EA is not working. There's a error on OrdersHistoryTotal (), (392, 24) could you please fix this?

Thanks, ca
I forgot to mention that for the Martingale lot sizing, the EA searches through all available account history, looking for previous orders.

Can you give me more details about your error because I have run the EA, and DID get an error, but it had to do with arrays. It still placed its orders though. I've fixed the array problem. Tell me if you still have this error. Also, try changing the size of the account history by selecting a certain amount of time like "Last 3 months" or something. I don't know why that would do anything, but it might, you never know. Has anyone else been having a similar issue with the EA?
Attached File(s)
File Type: mq4 Heiken Ashi Martingale v1.1.mq4   18 KB | 2,394 downloads
  • #122
  • Mar 21, 2007 12:52pm Mar 21, 2007 12:52pm
Quoting BGazzoni
EA is not working. There's a error on OrdersHistoryTotal (), (392, 24) could you please fix this?

Thanks, ca
I was having the same problem with OrdersHistoryTotal until I upgraded to the new version of MT4. The EA seems to work for me now.

Hope that helps.
  • #123
  • Apr 10, 2007 1:24am Apr 10, 2007 1:24am
Quoting mhughes104
Is it 2632 or 2362 you have it different in your first 2 post

Thanks
Hughes,

The correct settings are "2632"; I also had problems with that dual post using 2 sets of numbers.


pipper
  • #124
  • Jan 22, 2008 1:47pm Jan 22, 2008 1:47pm
Thanks for sharing. I am grateful.
  • #125
  • Feb 5, 2008 3:20am Feb 5, 2008 3:20am
The Heiken-Ashi (smoothed) indicator looks quite nice and I have found it helpful in conjunction with my other indicator. But as Hanover points out, the HA(S) as written introduces quite a bit of lag due to the moving averages used.

One can do much better than the conventional indicator by using Ultra-Low-Lag smoothers such as the one in my thread "Optimised Trend Trading". This ULL-MA has a smoothing equivalent to a 40-bar MA yet with a lag of around 0.3 bar. While overshoot and price fidelity are slightly poorer than the Jurik JMA, the ULL-MA has much less lag than JMA and is also smoother than JMA -- these latter characteristics are all that matters for trading!!

So I use the ULL-MA to initially smooth the OHLC streams, then apply the HA calculations, then smooth again with the ULL-MA. Total lag <1 bar.

One could actually just trade this indicator alone, but like all MA systems, one can get whipped in ranging markets. So just combine this with your favourite trend/non-trend detection indicator and you have a good system.
  • #126
  • May 3, 2008 10:05am May 3, 2008 10:05am
what happened to this thread and method guys, u all go broke?
  • #127
  • May 3, 2008 1:53pm May 3, 2008 1:53pm
Quoting &gt;Apocalypto&lt;
what happened to this thread and method guys, u all go broke?
The thread and the method both died, because this is not a profitable way to trade, and I would recommend you avoid this.

Some guy by the name of Don Steinitz took this and made it into an EA and is promoting it heavily, but I would avoid him and his EA like the plague.

Live and learn. Don't trade with this method!
  • #128
  • May 21, 2008 7:41am May 21, 2008 7:41am
Quoting Dreamliner
The thread and the method both died, because this is not a profitable way to trade, and I would recommend you avoid this.

Some guy by the name of Don Steinitz took this and made it into an EA and is promoting it heavily, but I would avoid him and his EA like the plague.

Live and learn. Don't trade with this method!
Dreamliner could you please summarize why this is not a profitable way to trade. It looked very appealing in the beginning. But I read somewhere that on live systems the HA bars change color quite a bit which makes Heiken Ashi systems pretty ineffective in a live environment. Is it that or for other reasons that this system did not work. Thank you for your time.
  • #129
  • May 21, 2008 8:01am May 21, 2008 8:01am
Quoting nubchai
Dreamliner could you please summarize why this is not a profitable way to trade. It looked very appealing in the beginning. But I read somewhere that on live systems the HA bars change color quite a bit which makes Heiken Ashi systems pretty ineffective in a live environment. Is it that or for other reasons that this system did not work. Thank you for your time.
Here is the entire problem with this method:

"Start with .10/pip (1000 units at Oanda) or micro lot for every $3,000.00.
double up on every loss, maximum 5 losses"

This is martingaling and will break your account every time, no matter how much money you begin with, nor how small your lot sizes.
  • #130
  • May 21, 2008 8:36pm May 21, 2008 8:36pm
Looks a sound system for more melow trading. But might suffer in consolidation phases.
  • #131
  • May 22, 2008 5:30am May 22, 2008 5:30am
Quoting Dreamliner
Here is the entire problem with this method:

"Start with .10/pip (1000 units at Oanda) or micro lot for every $3,000.00.
double up on every loss, maximum 5 losses"

This is martingaling and will break your account every time, no matter how much money you begin with, nor how small your lot sizes.
Thanks Dreamliner. So it wasn't the Heiken Ashi signals that you didn't like. It was the money management approach? Thanks again.
  • #132
  • May 27, 2008 2:37pm May 27, 2008 2:37pm
Is it really possible to create an EA based on the changing colors of Heiken Ashi? Meaning that trading automatically based on the changing of colors of Heiken Ashi? For me, I think that with just that, we can generate profit anytime.. anyone can prove me wrong? hehe
  • #133
  • May 29, 2008 4:03am May 29, 2008 4:03am
try to create an HA EA and you'll notice that it's not that simple. most of the HA charts posted are the pretty ones...
  • #134
  • May 30, 2008 6:39am May 30, 2008 6:39am
Quoting rael
try to create an HA EA and you'll notice that it's not that simple. most of the HA charts posted are the pretty ones...
hey man, what do u mean by HA charts posted are pretty ones?
  • #135
  • May 30, 2008 8:18am May 30, 2008 8:18am
Quoting koripockies
hey man, what do u mean by HA charts posted are pretty ones?
He means that it's harder to trade those charts than what it look like. The price is never where you think it is when you are looking at an HA chart. Just take a chart and overlay it with a bar chart and you will see what I mean.

oo7_ts
  • #136
  • May 30, 2008 1:44pm May 30, 2008 1:44pm
Quoting oo7_ts
He means that it's harder to trade those charts than what it look like. The price is never where you think it is when you are looking at an HA chart. Just take a chart and overlay it with a bar chart and you will see what I mean.

oo7_ts
oh really? i'm using HA kuskus2 and when i overlay it, it is just the same. do the HA charts are different to each other?
  • #137
  • May 31, 2008 8:49am May 31, 2008 8:49am
Quoting koripockies
oh really? i'm using HA kuskus2 and when i overlay it, it is just the same. do the HA charts are different to each other?
Take a look at the following two charts. The chart without the price bars looks pretty easy to trade, but looking at the other chart, it's not that easy.

Attached Image (click to enlarge)
Click to Enlarge Name: HA Chart 1.jpg Size: 46 KB

Attached Image (click to enlarge)
Click to Enlarge Name: HA Chart 2.jpg Size: 60 KB


Have you traded this way at all. Try it and you will get a feel for what I'm suggesting.

oo7_ts
  • #138
  • Jun 1, 2008 3:04am Jun 1, 2008 3:04am
Quoting oo7_ts
Take a look at the following two charts. The chart without the price bars looks pretty easy to trade, but looking at the other chart, it's not that easy.

Attachment
Attachment

Have you traded this way at all. Try it and you will get a feel for what I'm suggesting.

oo7_ts
yeah in fact i did, but not on 1H TF, its too much risks for me. I prefer more less TF, like 30m and below.
  • #139
  • Jul 10, 2008 5:02pm Jul 10, 2008 5:02pm
Kia Ora from New Zealand!

When I googled 'Heiken Ashi' this forex factory thread came up top of the list.

This thread starts with a discussion of a simple system for daily entries using the HAS candle colour only, ie blue means buy, red means sell.

Along these same lines I have been tracking a 'sweet spot' for BUY entries on the AUDJPY daily. I see they like to get in about 20 pips below the blue daily HAS bodies.

Using the previous day's bollinger band midline for stop values is also very effective giving an excellent profit/risk ratio.

The attached chart shows this trading pattern over the past 3 months banking approx 12,000 pips.

Conclusions:
1. Daily HAS bodies reliably show trend & trend continuation.
2. Price action above/below HAS bodies are useful entry levels.
3. AUDJPY repetitive price patterns with great sensitivity to techical levels support the idea that AUDJPY traders are more technically oriented than traders of other pairs.

Note: My HAS indicator shows bodies only, I couldn't see any use for the HAS wicks so I dumped them.

Kia Kaha, Robert

http://picnac.com/images/334audjpy_1..._hastrader.gif
  • #140
  • Jul 10, 2008 9:35pm Jul 10, 2008 9:35pm
Quoting robdee
Kia Ora from New Zealand!

When I googled 'Heiken Ashi' this forex factory thread came up top of the list.

This thread starts with a discussion of a simple system for daily entries using the HAS candle colour only, ie blue means buy, red means sell.

Along these same lines I have been tracking a 'sweet spot' for BUY entries on the AUDJPY daily. I see they like to get in about 20 pips below the blue daily HAS bodies.

Using the previous day's bollinger band midline for stop values is also very effective giving an excellent profit/risk ratio.

The attached chart shows this trading pattern over the past 3 months banking approx 12,000 pips.

Conclusions:
1. Daily HAS bodies reliably show trend & trend continuation.
2. Price action above/below HAS bodies are useful entry levels.
3. AUDJPY repetitive price patterns with great sensitivity to techical levels support the idea that AUDJPY traders are more technically oriented than traders of other pairs.

Note: My HAS indicator shows bodies only, I couldn't see any use for the HAS wicks so I dumped them.

Kia Kaha, Robert

http://picnac.com/images/334audjpy_1..._hastrader.gif
Hello.
May be you can check in color parameter #0 and #1 and change to red and bule then you will see HAS wicks .

Can you share your EA and setting please?
Thanks.
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