Mister ED's 4 hour Heikin Ashi system | Page 15 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EURUSD 15min. Heikin-Ashi System 31 replies

Heikin-Ashi 2 replies

Heikin-Ashi Technique 2 replies

Regarding Smoothed Heikin Ashi indicator 0 replies

Trading with Heikin Ashi 9 replies

Attachments: Mister ED's 4 hour Heikin Ashi system
Exit Attachments

Mister ED's 4 hour Heikin Ashi system

  • #281
  • Jul 22, 2009 6:10am Jul 22, 2009 6:10am
Although that is interesting it probably doesn't matter too much for this system. Just the colour matters not the length etc.

Juicyt
"Even if you fall down face first, you still went forward."
  • #282
  • Edited 6:53am Jul 22, 2009 6:15am | Edited 6:53am
Quoting AZBOfin
[/php]Am I right or do I get this completely wrong?
AZBOfin
I think you're right.

*edit*
I did some research into the proper syntax for the iMA function and AZBOfin is correct. When I made the necessary corrections to the smoothed HE custom indicator, the HE bars do look significantly different. I don't know if this will affect the historical results or not.
You are in a maze of twisty little passages, all alike.
  • #283
  • Jul 22, 2009 8:01am Jul 22, 2009 8:01am
You can send a modified version of the indicator?
I have no understanding of programming ;-)
Quoting stevegee58
I think you're right.

*edit*
I did some research into the proper syntax for the iMA function and AZBOfin is correct. When I made the necessary corrections to the smoothed HE custom indicator, the HE bars do look significantly different. I don't know if this will affect the historical results or not.
  • #284
  • Jul 22, 2009 8:20am Jul 22, 2009 8:20am
Quoting stevegee58
I think you're right.

*edit*
I did some research into the proper syntax for the iMA function and AZBOfin is correct. When I made the necessary corrections to the smoothed HE custom indicator, the HE bars do look significantly different. I don't know if this will affect the historical results or not.
I compared this modified version with the old one.
There is no difference in the colors (which would change the trade entries)

The only difference I see are the wicks on both sides of the bodies.
This would change the exits, unless the bodies are used and the wicks ignored.
  • #285
  • Jul 22, 2009 8:33am Jul 22, 2009 8:33am
Quoting billbss
I compared this modified version with the old one.
There is no difference in the colors (which would change the trade entries)

The only difference I see are the wicks on both sides of the bodies.
This would change the exits, unless the bodies are used and the wicks ignored.
Luckily it doesn't seem to affect the outcome of the system; nonetheless it's a clear error.

I've attached the modified smoothed heikin ashi indicator and named it with "rev 2" in the name so as not to conflict with Mister Ed's original.

I also took the liberty of changing the default inputs in the code to match Mister Ed's system inputs to this indicator (i.e. 2,6,3,2)
Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed rev 2.mq4   4 KB | 902 downloads
You are in a maze of twisty little passages, all alike.
  • #286
  • Jul 22, 2009 8:53am Jul 22, 2009 8:53am
Now can you change it so there are no tails either side so they stop getting in my way? Then we'd just get a green or red light.

Juicyt
"Even if you fall down face first, you still went forward."
  • #287
  • Jul 22, 2009 8:57am Jul 22, 2009 8:57am
Quoting juicyt
Now can you change it so there are no tails either side so they stop getting in my way? Then we'd just get a green or red light.

Juicyt
I fixed an obvious bug but I won't publish any modifications or "improvements" to Mister Ed's indicators. It's his thread and I don't want to hijack it and turn it into a circus.
You are in a maze of twisty little passages, all alike.
  • #288
  • Jul 22, 2009 9:04am Jul 22, 2009 9:04am
Quoting stevegee58
I fixed an obvious bug but I won't publish any modifications or "improvements" to Mister Ed's indicators. It's his thread and I don't want to hijack it and turn it into a circus.
Hi Steve

Thanks a lot for looking at the indicators. I certainly don't mind altering the indicator that has been used, I just don't want to start adding any new indicators in.

As has been noted with the retracement trades there are areas that need looking at but that is why I started the thread. I just think the spirit of the system should remain.

Work is really busy at the moment so I don't think I'll have a chance to look at anything until later tonight.

Thanks to all of you for your help and input.

Mister ED
  • #289
  • Jul 22, 2009 9:14am Jul 22, 2009 9:14am
Quoting stevegee58
I fixed an obvious bug but I won't publish any modifications or "improvements" to Mister Ed's indicators. It's his thread and I don't want to hijack it and turn it into a circus.
I tried your fix.
There are no distinct bodies or wicks. There is only a straight colored bar.
Is this what you see?
  • #290
  • Jul 22, 2009 9:28am Jul 22, 2009 9:28am
Quoting skissors
My EA does ignore < 50% and > 200% ATR candles and uses the top and bottom of the wick for long and short trails respectively. Soon I will add the option to select days that it places trades.


EDIT: I guess by "soon" I meant right away. Here it is, you can choose which days to trade.
Hi skissors.

Is there any chance you could make it so we can alter some parameters in a menu? For example, if i want to take profit (close one position) at 1.5x the ATR or 2x the ATR. Also if the stop could change the same way, that'd be great. I think if looking at shorter time charts it might pay to have a slightly larger stop and t/p but will only know if i can change things.

Thanks, Juicyt
"Even if you fall down face first, you still went forward."
  • #291
  • Jul 22, 2009 9:37am Jul 22, 2009 9:37am
Quoting billbss
I tried your fix.
There are no distinct bodies or wicks. There is only a straight colored bar.
Is this what you see?
I saw the same thing happen.

You have to exit and restart the platform. If that doesn't work, then remove the indicator from each chart and drag it back on.
You are in a maze of twisty little passages, all alike.
  • #292
  • Jul 22, 2009 10:36am Jul 22, 2009 10:36am
Hi Mister Ed,

Thank you for sharing your system with us. It looks like a very profitable system over time.

I created an indicator that visually displays your system (I believe) with dots for the entry/exits and lines for the TP and SL values including one line for the retracement level. I also added a way to select the days for each of the pairs.

So step 1: get the indicator right for the system and how it works visually. Step 2: write the EA.

If we get the indicator right it will go a long way to answer questions on how the system works and should we be in a particular trade or not.

I made one assumption on when a retracement level is calculated but is never reached i.e. price goes away from the retracement level and it never gets hit. In that situation, when the HA color changes I look to see if a new long or short is to be entered based on the signal candle length and ATR values.

On the charts you will see:

long entry dots - blue
short entry dots - red
long exit dots - aqua
short exit dots - magenta
TP value - pink
SL value - gold
retrace level - dark violet

For example, when a long trade is started, you will see a blue dot below the signal candle, a TP line (pink) above the candle and a SL line (gold) below the candle. The SL will remain constant until (if) the TP is touched, then the SL will rise if the price rises (ATR below the low). The TP line will not continue for that trade as it looks to not be needed anymore for that trade. When price touches the SL then an aqua dot will be below candle. Shorts are reversed with different colored dots but the TP and SL colors are the same as longs.

Each pair you listed has an input (except for gold) that can be entered to show the days to be traded. Enter 5 letters (one for each day of the week): either y or n.

Plus you can turn on or off the standard trades and the retracement trades independently.

Please take a look and let me know of any changes to get it to represent your system as you described.

Mark
Attached Image (click to enlarge)
Click to Enlarge Name: HA mr ed.gif Size: 24 KB
Attached File(s)
File Type: ex4 Heiken Ashi Mr Ed - Mark.ex4   10 KB | 672 downloads
  • #293
  • Jul 22, 2009 11:30am Jul 22, 2009 11:30am
Another stop out- AUD/JPY.
Not a good week for the system.
  • #294
  • Jul 22, 2009 11:35am Jul 22, 2009 11:35am
My nascent EA showed an AUDJPY sell signal before (just testing today so no trades). Now it's showing no signal on any of Mister Ed's pairs using IBFX.
You are in a maze of twisty little passages, all alike.
  • #295
  • Jul 22, 2009 11:37am Jul 22, 2009 11:37am

I have not climbed in these auctions (there was a EURUSD), it was evident that the price goes up.

I think that if the signal is the candle in the other direction it is better to wait or to rollback pending order at the end of candles

  • #296
  • Edited 11:55am Jul 22, 2009 11:44am | Edited 11:55am
Quoting stevegee58
My nascent EA showed an AUDJPY sell signal before (just testing today so no trades). Now it's showing no signal on any of Mister Ed's pairs using IBFX.
There was a solid sell signal on AUD/JPY on the FXDD 0800 Candle (0500 GMT). It came within about 10 pips of TP1 and turned and went the other way.

One problem I see is the scaled exit. When you get stopped out, you take the full hit- both positions.
The winning trades I've had take frequently less than that in profit.

I know this is a popular method, but I've never seen it work.

This is just my observation and Mr Ed can take it for what it's worth.
  • #297
  • Jul 22, 2009 11:53am Jul 22, 2009 11:53am
Quoting billbss
There was a solid sell signal on AUD/JPY on the FXDD 0800 Candle (0500 GMT). It came within about 10 pips of TP1 and turned and went the other way.
Hi billbss

Same here on IBFX

John from Durban
  • #298
  • Jul 22, 2009 1:48pm Jul 22, 2009 1:48pm
A/J is setting up for a long in a couple of hours.
  • #299
  • Jul 22, 2009 3:24pm Jul 22, 2009 3:24pm
I'm sure I'm thinking too much due to what I see as poor performance with this system but would it help if the system was filtered by the daily trend?
Its kinda painful to watch these trades go against me especially when I know the daily trend is against it.
  • #300
  • Jul 22, 2009 3:56pm Jul 22, 2009 3:56pm
"Now can you change it so there are no tails either side so they stop getting in my way? Then we'd just get a green or red light."

Simple. When you put the indicator on the chart, go to the Colors tab and set the first two colors to None. This will give you just the body and not the tail
0 traders viewing now