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Mister ED's 4 hour Heikin Ashi system

  • #1,261
  • Nov 25, 2009 1:35pm Nov 25, 2009 1:35pm
Quoting shiko
That's right. But markets change all the time. You cannot tune system to work in all market conditions if you only do everything mechanically and not discretionary.
I also have a system, but I use discretion as to when to trade and when not to trade., My system is discretionary. Not mechanical.
Cool!
  • #1,262
  • Nov 25, 2009 4:03pm Nov 25, 2009 4:03pm
I simply also use Heiken Ashi, this is why I am following this thread. But what is curious, Heikin Ashi is a lagging indicator and it is mostly good for lower time framnes up to 1 hour. It looks like it is used here for higher time frames.
  • #1,263
  • Nov 25, 2009 4:28pm Nov 25, 2009 4:28pm
Quoting shiko
I simply also use Heiken Ashi, this is why I am following this thread. But what is curious, Heikin Ashi is a lagging indicator and it is mostly good for lower time framnes up to 1 hour. It looks like it is used here for higher time frames.
Yep...the H4.
  • #1,264
  • Nov 27, 2009 7:34am Nov 27, 2009 7:34am
Quoting wrenski
Yep...the H4.

I believe H4 is not a good idea for Heikin Ashi. Too late. But in lower time frames especially 15 minutes it works beautifully. It actually shows how price direction is forming so that it is easier to make right entry in comparison to trading just candlesticks.
  • #1,265
  • Nov 27, 2009 9:18am Nov 27, 2009 9:18am
Quoting shiko
I believe H4 is not a good idea for Heikin Ashi. Too late. But in lower time frames especially 15 minutes it works beautifully. It actually shows how price direction is forming so that it is easier to make right entry in comparison to trading just candlesticks.

Thank you for your opinion, we appreciate it.
  • #1,266
  • Nov 27, 2009 9:46am Nov 27, 2009 9:46am
I think everybody should test according to their own time zone and broker. You'll see different results. I had poor results with H4 but much better results with H1. I'm trading everyday and and every hour with the EA. I'm testing with a $300 live account. I doubled my account with this system. I really appreciate Mister Ed and Longbars efforts and sharing of this wonderful system.
  • #1,267
  • Nov 27, 2009 10:35am Nov 27, 2009 10:35am
Quoting xiaojian
I think everybody should test according to their own time zone and broker. You'll see different results. I had poor results with H4 but much better results with H1. I'm trading everyday and and every hour with the EA. I'm testing with a $300 live account. I doubled my account with this system. I really appreciate Mister Ed and Longbars efforts and sharing of this wonderful system.
Hi Xiaojan

I agree strognly that these results do vary from broker to broker and time zone to time zone. This is probably due to the relationship of the candle close time to news releases etc. Different broker server times can give dramatically different candles lengths and open/close levels. It is important to always compare like with like.

It is interesting to see Shiko's results with a shorter timeframe. I have the feeling that sometimes I am getting in too late on a move, but sometimes it helps you avoid a false move. My trading can only really be done on 4 hour candles and so this is why I have based everything on these.

I am posting my trades every few days on my journal so that people can see what I am looking at. This week started badly but has been finishing well. I am now 30 pips short of breaking even this month, and at one stage was down over 1000 pips!!!

If people want to discuss the merits of the system I will give my input here, but this thread was really just to develop an EA. I am more than happy to continue the discussions in my journal thread so that this thread stays with the EA idea.

This month has not been a good one for the system but I suggested that early on. I would hope that things become less noisy in the market and some direction appears as in the last few days. But with things happening in Dubai who knows.

All the best
Mister ED
  • #1,268
  • Nov 27, 2009 10:45am Nov 27, 2009 10:45am
Quoting wrenski
Thank you for your opinion, we appreciate it.

Ah, I see. You will hear no of my opinion Wrensky. Good luck.
  • #1,269
  • Nov 27, 2009 3:28pm Nov 27, 2009 3:28pm
Quoting shiko
Ah, I see. You will hear no of my opinion Wrensky. Good luck.

OK.....and good luck to you too.
  • #1,270
  • Nov 30, 2009 5:53am Nov 30, 2009 5:53am
Hi Mr Ed,

Thanks for the system & for supporting this thread, looks really interesting. Also thanks to Longbar for all his work on the EA. As of yet I'm still showing negative on my back testing... hehe... but i'm sure there is potential here.

Cheers,
Barry
  • #1,271
  • Nov 30, 2009 6:52am Nov 30, 2009 6:52am
Quoting Barry777
Hi Mr Ed,

Thanks for the system & for supporting this thread, looks really interesting. Also thanks to Longbar for all his work on the EA. As of yet I'm still showing negative on my back testing... hehe... but i'm sure there is potential here.

Cheers,
Barry

Hmmm, your back testing is the very opposite of Mr. Ed's, his was all positive. Maybe you have something wrong on your EA.
  • #1,272
  • Nov 30, 2009 11:28am Nov 30, 2009 11:28am
Quoting shiko
Ah, I see. You will hear no of my opinion Wrensky. Good luck.
Hi Shiko,

I'm interested in your opinion, so keep it coming.

Thanks very much.
  • #1,273
  • Nov 30, 2009 11:50am Nov 30, 2009 11:50am
Hi Longbar,

Can you add ADX function into the EA? I want to only enter a trade if there's a trend present. We can use ADX > 20 to represent that.

Thanks,
  • #1,274
  • Nov 30, 2009 1:02pm Nov 30, 2009 1:02pm
Quoting enewbold
Hi Shiko,

I'm interested in your opinion, so keep it coming.

Thanks very much.
Hi Shiko

I would be interested to see what you have come up with. The system can always be modified by the individual to improve things.

Some degree of discretion will help. Using ADX may help to give an objective way to take trades, I haven't used it a lot myself.

However I would not have taken any of the signals today because of the large moves on Friday and the current uncertanties, and also because it is the last day of the month and the market can behave strangely at these times.

But I feel that everyone should be able to give some form of input as long as it is based on research.

All the best
Mister ED
  • #1,275
  • Nov 30, 2009 1:15pm Nov 30, 2009 1:15pm
Quoting xiaojian
Hi Longbar,

Can you add ADX function into the EA? I want to only enter a trade if there's a trend present. We can use ADX > 20 to represent that.

Thanks,
Xiaojian - are you still trading the H1 time frame with some success this month?
  • #1,276
  • Nov 30, 2009 1:39pm Nov 30, 2009 1:39pm
It's true there's uncertainty in the market. I made 2000 pips last night before 12am. however, I lost most of it back already. Waiting for a new trend to form.
  • #1,277
  • Nov 30, 2009 1:49pm Nov 30, 2009 1:49pm
Quoting xiaojian
It's true there's uncertainty in the market. I made 2000 pips last night before 12am. however, I lost most of it back already. Waiting for a new trend to form.
Are you still using the H1 time frame or are you back to the H4?
  • #1,278
  • Nov 30, 2009 2:36pm Nov 30, 2009 2:36pm
I'm still using the 1H candles. Therefore, I don't need optimizations for time. I found the systems makes big money while in trends and loose big in non-trend.
  • #1,279
  • Nov 30, 2009 2:41pm Nov 30, 2009 2:41pm
Quoting xiaojian
I'm still using the 1H candles. Therefore, I don't need optimizations for time. I found the systems makes big money while in trends and loose big in non-trend.

I think that is true with every system I've seen.
  • #1,280
  • Nov 30, 2009 2:49pm Nov 30, 2009 2:49pm
I think I'm a risk taker. That's why I'm testing with a live system. I agreed that Heikin Ashi seems to work better with smaller time frames. I'll test the 15-minutes and let you guys know how it goes.
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