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HA T3-1 System

  • #821
  • Feb 19, 2010 12:44pm Feb 19, 2010 12:44pm
Just mentioning for me I can visualize it better that way, exact same system obviously, just I can see it better.

Brian

Quoting tonyb123
Hi guys, the HA are trend indicators. they help you determine if the trend is over or continuing. that is why i use the bars instead of the candles, you can see them over the HA. Also, i set my bar up as blue and my bar down as red to signal any change between the bar and HA. If you have a red HA and a blue bar that is a signal to watch for a change of the trend. It is also a place for me to tighten up my stop loss. Believe me i have a reason for every indicator on my chart. nothing is wasted. if there is something that can be done better i welcome...
  • #822
  • Feb 19, 2010 12:45pm Feb 19, 2010 12:45pm
I agree with Tony that the HA bars are useful. I also like to see/watch the "real" price bars.
I just changed the colors of the HA bars (not the arrows) to pink and light blue. This makes them relatively transparent and easier to see actual price as well as showing and divergences in colors...etc.
krly
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  • #823
  • Feb 19, 2010 12:54pm Feb 19, 2010 12:54pm
Quoting tonyb123
Believe me i have a reason for every indicator on my chart. nothing is wasted. if there is something that can be done better i welcome it. we all can learn something new. tony
I believe you Everyone must find own ways, there is no ready solutions for everyone.
For me, the other reason for avoiding HA candles is that they are too ugly. Have used HA bars instead.
Attached File(s)
File Type: mq4 Heiken Ashi_SWAlert.mq4   5 KB | 491 downloads
  • #824
  • Feb 19, 2010 12:56pm Feb 19, 2010 12:56pm
Quoting tonyb123
Hi guys, the HA are trend indicators. they help you determine if the trend is over or continuing. that is why i use the bars instead of the candles, you can see them over the HA. Also, i set my bar up as blue and my bar down as red to signal any change between the bar and HA. If you have a red HA and a blue bar that is a signal to watch for a change of the trend. It is also a place for me to tighten up my stop loss. Believe me i have a reason for every indicator on my chart. nothing is wasted. if there is something that can be done better i welcome...
Excellent point and explanation!
  • #825
  • Feb 19, 2010 1:02pm Feb 19, 2010 1:02pm
Quoting Indrek
I believe you Everyone must find own ways, there is no ready solutions for everyone.
For me, the other reason for avoiding HA candles is that they are too ugly. Have used HA bars instead.
cool, thanks for sharing. on my charts i have just set the HA body to #2. It's a lot smaller looking. thanks for the indicators, tony
MY GRID. Markets are NOT random.
  • #826
  • Feb 19, 2010 1:13pm Feb 19, 2010 1:13pm
Ok guys, i will be signing off for now. I will pop back in this weekend to answer questions and check things out. Thanks for helping one another out. I am going to be on the hunt for an A.O alert for the color change that may just make this system a lot easier to trade. If you have one and would like to share i would appreciate it. Market is closing in a few hours so start looking at closing your open trades. God Bless All and have a good weekend.. Tony
MY GRID. Markets are NOT random.
  • #827
  • Feb 19, 2010 1:16pm Feb 19, 2010 1:16pm
Quoting tonyb123
You can keep all those trades going on the 4 hour chart if your stop loss is huge but i stop taking the trades when i get a signal from the HA T3 in the opposite direction. i wait for a fresh signal on the 4 hour chart to drop back down to the 30 min chart. you are doing good from what i have seen. just look for those add ons from the A.O. you will have to be in front of your computer for those, i don't have an alert for that. tony
Alright, thank you for the feedback.

-Darren
  • #828
  • Feb 19, 2010 1:18pm Feb 19, 2010 1:18pm
Quoting tonyb123
I see someone hates this system. Must be a trade naked guy..lol. If you guys have the time give it a vote please but be honest. If you really hate it post a quick message why. You won't hurt my feelings i promise. I know it is a good system because, it has a little bit from some of the more profitable systems on the market. I want to help all who are looking for a simple way to trade. I love simple and i have tried to un complicate things as much as possible. That's why i picked the screen name tonyb-1-2-3.
Hi Tony, thanks for the Simple System. Can you set out the rules in a 1.2 3 manner. too much of noise from all the excited participant. I find it difficult to follow. Thanks a Mil.
Wickar
  • #829
  • Feb 19, 2010 1:46pm Feb 19, 2010 1:46pm
hi Pilotui:

One thing I noticed about your charts is that you could, if you wanted to, move the vertical line on the 4H over to when the TLord also switches colors. This is user-optional but doing so would be safer or less risky. The idea is that an established trend on a 4H chart does not change directions easily. And when it tries, there will be a supply/demand battle that could last for awhile with an indeterminate outcome. By waiting until all 3 indicators show (the HA candles, the AO and the TLord) you can (hopefully) avoid the chop and whipsaws that occur in those interim periods before the trend actually either reverses or continues. While you will probably sacrifice the maximum possible return this way, the risk is also reduced, often substantially. And I think getting that first entry into positive territory on a new 4H trend is one of the key factors to the successful use of this method. Once price moves far enough in your favor on that initial entry, then perhaps is the better time to increase risk with the reduced size add-on positions. Or not, in the end, it's all up to you.
  • #830
  • Feb 19, 2010 2:07pm Feb 19, 2010 2:07pm
Quoting Juan Grande
hi Pilotui:

One thing I noticed about your charts is that you could, if you wanted to, move the vertical line on the 4H over to when the TLord also switches colors....
Thanks for that...very insightful comment about the supply/demand push/pull. That makes sense to ensure the TL is following along.

Thank you

Darren
  • #831
  • Feb 19, 2010 4:30pm Feb 19, 2010 4:30pm
Hello everyone. I just wanted to post three trades that I took early this morning. I didn't make it home in time to close them. So I'll have to hold them over the weekend.
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  • #832
  • Feb 19, 2010 6:06pm Feb 19, 2010 6:06pm
Quoting krly
I agree with Tony that the HA bars are useful. I also like to see/watch the "real" price bars.
I just changed the colors of the HA bars (not the arrows) to pink and light blue. This makes them relatively transparent and easier to see actual price as well as showing and divergences in colors...etc.
krly

I am glad that somebody else also had visibility issues with the HA over the bars.. I jus did the same changed the colour to make visibility and therefore understanding more clearer.

Anyway this CombinationSetup is really something else.. Massive TY Tony, keep it up.. Cenzo
  • #833
  • Feb 19, 2010 6:18pm Feb 19, 2010 6:18pm
Quoting lgtj
Hello everyone. I just wanted to post three trades that I took early this morning. I didn't make it home in time to close them. So I'll have to hold them over the weekend.
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Hello lgtj

All your trade examples are conforming with the HA T3-1 System.

I ask me what is if we wait at M30 chart for a AO confirming signal, too ( we don't loose much pips) or go then in the market with one more entry.

That means at AUDJPY M30 11 bars later, at EURJPY M30 10 bars later and CHFJPY M30 4 candles later. The later entry makes ~5 pips difference, not much.

Kindest regards

Forexcube
  • #834
  • Feb 19, 2010 6:52pm Feb 19, 2010 6:52pm
Quoting West Ham
Would someone kindly explain how i download and set up on my meta trader platform please. I'm trying to download the items on page 1 into my indicators folder but i just get attachment already exists message.
I have managed to down load the Trendlord into my indicators folder but nothing else seems to be saving?
I'd be grateful for any assistance.

Thank You

Peter
Peter, its only coz ur an Iron...! C'mon the Hammers..

If your having problems getting your MT4 platform setup sorted, step back from this system and get that done first. You only need a clean pair on the platform.
If your problem is that you still can't see your templates, then they do not exist in the ExpertsIndicators folder. Download the files to your desktop and transfer to this location. Close MT, re-open MT..
If your problem is inserting the template, simply right click on your chart and go to the Templates menu item, select the HA T3..xxx templates. Thats it.
I personally have two charts one for the H4 and M30. This just means you need to do this process twice (two separate charts).

Hope this helps. Cenzo
  • #835
  • Feb 19, 2010 7:13pm Feb 19, 2010 7:13pm
Quoting goldsurfer
Good Trade!

I dropped the trend strength indy into the Lord window to help id the "pootered out" Trend Lord. Helps me anyways, you guys trading this let me know if it helps. Tony, if you don't like I will remove.

Cheers
Appreciate if you could tell me exactly what the Trend Strength is indicating in addition to the TrendLord, sorry if that sounds dumb to you..!
Also, what about the Trend Level indicator... How can this be included..? Thanks.
Cenzo
  • #836
  • Feb 19, 2010 7:24pm Feb 19, 2010 7:24pm
Quoting hwang ti puh
Hi Xhandal,

Good thread, to avoid pull back, make sure trendlord & AO signal come 1st before HA arrow on H4.Thanks!

Can you explain how you did FREEHAND DRAWING on you MT4 screen? Thank You.

ibsaved
  • #837
  • Feb 19, 2010 8:03pm Feb 19, 2010 8:03pm
Thank you Tony for giving us the edge in trading . I am trying to use your system on GOLD, SILVER and OIL ....should be able to become a better trader with the HA T3-1.

Have a great weekend Tony and all members of this thread. Will post my experience with these three commodities in the coming weeks...

take care
chanu
  • #838
  • Feb 19, 2010 8:18pm Feb 19, 2010 8:18pm
Quoting Indrek
I decided to hide the HA candles on my chart, leaving only arrows. My idea is that without seeing real candles, it is quite impossible to understand the PA. I am not sure if HA candles show visually anything at all. Possibly not.
This article is talking about some other things as well, but it offers a good summary of how to read the Heikin-Ashi candles:
http://www.investopedia.com/articles...heikinashi.asp

Just for the record, I hide HA myself and watch the price action on standard candles, with just the alert arrows from the indicator displaying.

Another approach is to use Heikin-Ashi Smoothed; they display more like a Moving Average and rarely hide the price candles. Caution, however, that they generate somewhat different signals from traditional Heikin-Ashi, so they are not part of the system described here and I won't attach them. Google if you like to experiment.
  • #839
  • Feb 20, 2010 5:34am Feb 20, 2010 5:34am
Thanks everyone for the replies on my question of downloading i have now completed the download and the charts are active.
And yes Cenzo i'm a life long 'ammer fan' ans still have my season ticket after 30 years!!

Peter
  • #840
  • Feb 20, 2010 9:33am Feb 20, 2010 9:33am
Just as an FYI, when it comes to the AO indicator crossing above or below the zero line. It is just a simple cross of the 5 SMA and 34 SMA. Just in case anyone was interested.
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