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HA T3-1 System

  • #561
  • Edited 2:17pm Feb 12, 2010 2:16pm | Edited 2:17pm
Quoting tonyb123
wes,the w-lnx is all the qualification you need along with the a.o for add on signals for the 30 min chart. remember you manage your trade on the higher time frame. if you are scared to manage the trade from the 4 hour you can at least manage it from the 1 hour chart to keep you in the good solid trends. use your stop loss on all your trades. tony
Yes thanks i am managing the trades on the 4 hr chart.
I also do use w-lnx for the add ons but wait for the first red or green bar on wae, this just seems to decrease the chances of getting a false signal while market is deciding what it wants to do.

I'm used to spending alot of time in front of the screen scalping and am hoping this is gonna bring me the pips with less screen time.
So far so good.
  • #562
  • Feb 12, 2010 2:17pm Feb 12, 2010 2:17pm
Quoting tonyb123
Hi Indrek, my stop losses are placed from the 30 minute chart just as all add on signals are taken from the 30 minute chart. when i say manage my trades from the 4 hour chart i mean to say make sure there is no sign of a reversal from the indicators. indicating to me that it may be time to close all my trades. i hope this answered your question , tony
Thanks. What about trailing? When you say that you trail by three last candle's high/low, do you mean three M30 candles or H4?
  • #563
  • Feb 12, 2010 2:24pm Feb 12, 2010 2:24pm
hi everyone, i have made a change to some of the pairs i have on my charts. I have deleted the eur/chf, gbp/chf and the eur/gbp. These pairs do not trend that much and two of them are prone to very large price spikes. i have replace them with the eur/cad. Just be cautious of the time you enter a trade with this one. The spread can get very high depending on your broker. Also if you have a broker that offers gbp/cad this is another good trending pair but again the spread can be very high. Tony
MY GRID. Markets are NOT random.
  • #564
  • Feb 12, 2010 2:27pm Feb 12, 2010 2:27pm
Quoting indrek
thanks. What about trailing? When you say that you trail by three last candle's high/low, do you mean three m30 candles or h4?
on the 30 min chart for all entries and stop losses. That is why i am not worried about getting stopped out. If the 4 hour trend continues you will have other entries on the 30 minute chart. Tony
MY GRID. Markets are NOT random.
  • #565
  • Feb 12, 2010 2:32pm Feb 12, 2010 2:32pm
Ok guys, if you have trades open now would be a good time to exit all your positions. Tony
MY GRID. Markets are NOT random.
  • #566
  • Feb 12, 2010 2:35pm Feb 12, 2010 2:35pm
Quoting tonyb123
hi everyone, i have made a change to some of the pairs i have on my charts. I have deleted the eur/chf, gbp/chf and the eur/gbp. These pairs do not trend that much and two of them are prone to very large price spikes. i have replace them with the eur/cad. Just be cautious of the time you enter a trade with this one. The spread can get very high depending on your broker. Also if you have a broker that offers gbp/cad this is another good trending pair but again the spread can be very high. Tony
Yeah i also deleted eur/chf today. Was in a trade that was looking good and more than 50 pips in profit when one of these huge spikes happened.
Deleted the pair straight away.
  • #567
  • Feb 12, 2010 2:36pm Feb 12, 2010 2:36pm
Hi Tony,

Great system you have here, many thanks for sharing this and all the help you are giving.

Noel.
  • #568
  • Feb 12, 2010 2:45pm Feb 12, 2010 2:45pm
Wesnel

Where can I get more info on the WAE indicator, how to use it etc. Sorry but I can not private message you on this question since I'm a junior member.

Thanks
  • #569
  • Feb 12, 2010 3:04pm Feb 12, 2010 3:04pm
Quoting tonyb123
on the 30 min chart for all entries and stop losses. That is why i am not worried about getting stopped out. If the 4 hour trend continues you will have other entries on the 30 minute chart. Tony
Why not using Parabolic for trailing? It is quite close to the idea of three last candles.
  • #570
  • Feb 12, 2010 3:06pm Feb 12, 2010 3:06pm
Hi,

1. If we are going by the alert price, do you set pending orders for this price?

2. I'm a little concerned with the repainting of the arrows, does entering on the alert price avoid this?

Thank you for your time.
  • #571
  • Edited 3:26pm Feb 12, 2010 3:14pm | Edited 3:26pm
Tony, I hope you do not mind if I post my template. It is following the very initial setup with an important difference - it combines H4 and M30.
I can see no sense in opening the same pair twice or even opening two different MT4s or accounts for managing the trades. Instead, I created one and only template where I just hided the indicators that I do not need both on H4 and M30. So, I just have to switch timeframes to see the whole picture.

I added: weekly pivot + monthly pivots and S&R lines, ATR in Pips, and magnified price.
ATR can be very well used for SL, TP, trailing. Pivots always deserve respect. When taking first signals from H4, daily pivots and weekly S&R lines do not matter; only weekly pivot and monthly pivot + S&R are in play.

I deleted: TrendLord Bars from M30 as I do not see any need for this indicator.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4.gif Size: 39 KB
Click to Enlarge Name: m30.gif Size: 39 KB
Attached File(s)
File Type: tpl # ha t3.tpl   8 KB | 512 downloads
File Type: ex4 ###Auto Pivot2.ex4   16 KB | 492 downloads
File Type: mq4 ATR in Pips.mq4   3 KB | 581 downloads
File Type: ex4 THV3 MMPrice.ex4   3 KB | 508 downloads
  • #572
  • Feb 12, 2010 3:48pm Feb 12, 2010 3:48pm
Indrek

I like your template will use it next week and see how it goes. Thanks for sharing.
  • #573
  • Feb 12, 2010 5:50pm Feb 12, 2010 5:50pm
Quoting indrek
tony, i hope you do not mind if i post my template. It is following the very initial setup with an important difference - it combines h4 and m30.
I can see no sense in opening the same pair twice or even opening two different mt4s or accounts for managing the trades. Instead, i created one and only template where i just hided the indicators that i do not need both on h4 and m30. So, i just have to switch timeframes to see the whole picture.

I added: Weekly pivot + monthly pivots and s&r lines, atr in pips, and magnified price.
Atr can be very well...
indrek, having the two accounts is important because there is not a period function built into the ha t3-1 indicator. So you will only get the alerts for the time frame you have your platform open to and alerts attached to. The trendlord is used on the 4 hour chart only so removing it from 30 min chart does not matter. As for how you manage your stop losses and whatever method you use is fine by me as long as the people coming to the thread are not confused over it or distracted from the original method. Other than that i welcome you here to learn and help others understand this system that is presented here. Thank you, tony
MY GRID. Markets are NOT random.
  • #574
  • Feb 12, 2010 5:59pm Feb 12, 2010 5:59pm
Quoting lgtj
i'm not sure how tony will address the timing of the indicators versus the entry, but i'll answer your question as to why i entered the market a few bars after the ha sell signal. The daily time frame is in a downtrend, an ha sell signal was given, and the ao was green and above the...
that was a perfect reason and a legit entry. Very good answer. Thanks,tony
MY GRID. Markets are NOT random.
  • #575
  • Feb 12, 2010 6:10pm Feb 12, 2010 6:10pm
Hi Tony,

If you have a good signal on H4 e.g. buy on HA, AO +ve, Trendlord green, then you get a sell on HA (but AO/Trendlord still on buy signal) , do you stop looking for an entry on M30 until you get all three signals on H4 in agreement.
Or is the buy signal invalidated only when you get all three indicators on sell in H4?

Thanks
  • #576
  • Edited 7:06am Feb 13, 2010 2:09am | Edited 7:06am
Quoting tonyb123
indrek, having the two accounts is important because there is not a period function built into the ha t3-1 indicator. So you will only get the alerts for the time frame you have your platform open to and alerts attached to.
I can activate both H4 and M30 charts for all traded pairs in one terminal using the same account. There is no limit for doing this in MT4.
The suggestion to open multiple accounts for managing one very simple system just sounded strange to me. But it is up to everyone, of course, how they technically trade.

I left some positions open for the weekend. Let us see what will happen on Monday
  • #577
  • Feb 13, 2010 5:33am Feb 13, 2010 5:33am
Quoting cbj
Wesnel

Where can I get more info on the WAE indicator, how to use it etc. Sorry but I can not private message you on this question since I'm a junior member.

Thanks
I'll only give a little info cause i don't want to clog up Tony's thread with info on a indicator he hasn't approved for his system.

Horizontal dotted line = Dead zone. when red or green histo below it there's not enough volume to warrant a trade.

Red Histo shows the current down movement
Green Histo shows current up movement
Yellow line indicates explosion in price up or down.

I just like this indicator for filtering out any false signals in times of market consolidation
  • #578
  • Feb 13, 2010 8:22am Feb 13, 2010 8:22am
Quoting Indrek
Tony, I hope you do not mind if I post my template. It is following the very initial setup with an important difference - it combines H4 and M30.
I can see no sense in opening the same pair twice or even opening two different MT4s or accounts for managing the trades. Instead, I created one and only template where I just hided the indicators that I do not need both on H4 and M30. So, I just have to switch timeframes to see the whole picture.

I added: weekly pivot + monthly pivots and S&R lines, ATR in Pips, and magnified price.
ATR can be very well...
Hi,
Thanks for providing the template, could you explain further on how to use this new indicator like weekly pivot + monthly pivots which relate to the SL&TP?and S&R lines, ATR in Pips, and magnified price.
As a newbies, never expose to this before.
  • #579
  • Edited 9:17am Feb 13, 2010 9:13am | Edited 9:17am
Hello everyone . As for opening two accounts . I find it much easier to have a second screen IF you have one . Hook it up to your laptop or desk top , (Make your adjustments for having two monitors) . Open your trading platform , load all the currencies , then the indies onto the currencies for 4-hr and 30 minute....so for 7 currencies there will be 14 windows ... 7 (4 hr.) and 7 (30 min.) ... i'l put them all on my main window . Which will be my main trading account . As you are loading them . Put them all on in a way that the 4 hr. pair will be laid out the way you want on your main screen . Then the 30 min. pairs loaded the same order as the 4 hr. pairs, for the second screen . I don't want to promote any broker , but mine lets me open up another main window . I just click the trading platform to open again . it loads up another trading platform same as the first one ... they look the same .. then i open up the 4 hr. currency pairs on one platform , and open the 30 min. pairs on the other window ....... very easy to follow . It takes a few minutes to set up , but well worth the time ........ when a trade is placed it shows on both time frames ....you can also see the trends start to develope on both wondows , makes it easier to decide to make a trade or not for me instead of clicking on different time frames or switching from demo to live account , can be Quite the pain in the ass some times ...so if possible hook up a second monitor if you can .... makes a huge differency and decision time is less stressfull.....hope this helps some out there .... I also hope i explained this so you can set this up the proper way for having two monitors . If not , i.m. me or send an e-mail , and i will respond when i can . No need to clog the thread up with follow up Questions ................... buffalopip
  • #580
  • Feb 13, 2010 11:46am Feb 13, 2010 11:46am
Hey gang,


Thanks for viewing this video. We had a great crowd and this is great for two monitor traders. So, if you have two monitors or just one, you can have two instances of MT4 going on your desktop. They can be demo or Live MT4's. You can have one MT4 Platform going for your 4 hrs chart and one MT4 going with your 30 minutes charts.. If you have any questions please email me here. Also in reference to this video, you can not hear anything for the first two-three minutes..Dont worry, when I explain how to do this, the sound will come on.

http://www.brilesmedia.com/factory/mt4/

jimbnc
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