There are no new trades being triggered at the 4h bar that just opened. (certain pairs can only be traded on certain days)
Can anyone else confirm that???
Can anyone else confirm that???
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
DislikedThere 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.Ignored
DislikedThere are no new trades being triggered at the 4h bar that just opened. (certain pairs can only be traded on certain days)
Can anyone else confirm that???Ignored
DislikedThere 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.Ignored
DislikedI'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.Ignored
DislikedHi Demons
It is difficult when the system goes through a bad patch like the past few days. I regularly try to think up filters but they end up just fitting the latest trades and do not not appear to be robust enough to work in all markets.
Over analysing and imagining how trades will work usually gets me in trouble. I agree that it works with some people, just not with me. Hence my idea for a no thought system.
Remember over the year so far I have had winning days only 64% of the time. However on a winning day I average 409 pips versus a losing...Ignored
DislikedThe previous bar was less than 50% of ATR so according to system, no trade.
Did you take it??Ignored
DislikedThe previous bar was less than 50% of ATR so according to system, no trade.
Did you take it??Ignored
DislikedHi 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...Ignored
DislikedThe attached EA is a first cut from tonight. I make the source code available so feel free to incorporate new features.
The EA will trade that pair and time frame it is placed on, so by default it should be dropped on a 4H chart. Please ensure you have the Heiken_Ashi_Smoothed.mq4 in your expertsindicators folder.
Have fun!Ignored
DislikedYes.
On my FXDD platform the signal bar was 72 pips.
The ATR was 68 pips.Ignored
DislikedThe attached EA is a first cut from tonight. I make the source code available so feel free to incorporate new features.
As it stands the EA evaluates the basic setup using HA smoothed and ATR indicators. If HA colour change takes place longer than over the last 3 bars then the trigger is skipped. The 50%-200% rule is followed for position opening, fixed TP & SL is submitted with the market order. No SL trailing is implemented though, neither the 200%+ retracement rule - to be done in the coming days
As this is only the first cut without any...Ignored
DislikedThe attached EA is a first cut from tonight. I make the source code available so feel free to incorporate new features.Ignored
DislikedPlease see the attached chart. The bar in question is only 31 pips long while atr is close to 70 (7/23 00:00 candle) If I am mistaken please point it out. Thanks.Ignored
DislikedI can't tell from looking at your chart how long it shows the bar to be.
It's the last white one, about 4 bars back.
It looks plenty big- mine was 72 pips.
The one to its right is 31 pips, on my chart. I'll bet that's what you're looking at.
That is one bar too late.Ignored
DislikedMister Ed thanks for this simple but effective method.
I wrote a small indicator that just displays the previous bar's range in pips, and also the ATR(20) value and its 50 % & 200 % values.
If the bar pip value is within the other two figures it's ok to enter a normal trade on HA color change, otherwise retrace.
Allows you to sum up the situation at a glance.
^ Chris ^Ignored
DislikedLongBar
Welcome to FF and MrEd's trading system.
Great job indeed. Nice and clean code
If you don't mind I'd like to point a couple of things out.
I like the fact that you hardcoded the HA parameters. However, for backtesting and optimizing purposes it could be beneficial to have these as external definitions. same goes for the ATR period when calculating the signal or the % bracket for the ATR span.
to me it seems you're taking the ATR from the current candle. shouldn't this be the previous one (line 179)?
i really hope you don't...Ignored