HA T3-1 System

thank you today there is no much signals the markt move sloly not much volatility .

greet you ,

Yoenes

Hi lgtj and xhandal

I appreciate your comments. Both of you are right.Just my few thoughts:

1. I added Parabolic SAR just for myself because I found it's helpful for me. It helped me avoid some false signals.It's not part of the system so please feel free to ignore it.

2. I got the Sell signal on H4, at that time A.0 is below zero line and according to what I understood from previous posts of tony and the video it's a valid signal to go short.

3. About the Trendlord, once again, according to the video, it's used to measure the strength of the trend and at that time I think the long trend is weak. With me A.O has higher priority than Trendlord so I trade that setup

4. I also think it's not a perfect setup so the TP/SL were not too high

Once again it's very kind of you to look at my chart and give comments.

Thank you
Regards

Sorry, I just thought you used SAR for take that short instead analyze long TL bars as weakness . Yes tony says AO have priority about trend decision so, in this way, you got your reasons for try a short entry. This is riskier, I'm more conservative so, personally, I prefer wait red TL.
Just remember to move SL at BE when you got some pips profit, for GBP/JPY I think +50 pips are just ok for move SL at BE and reduce your inizial (and higher because of blue TL) risk .

No problem Xhandal.

Hope to see more comments from you

Thank you,
Regards

I agree.

For those that have been tracking this for a while :
If I want to be conservative and wait for 4H signal to be "perfect", i.e. :
HA arrow blue, AND AO not only above 0 but ALSO blue ,AND TrendLord not just blue but short (getting longer). The same for 30M, not just HA blue arrow, AND blue CCI bar but also AO above 0 AND blue.
Would I be eliminating too many trades ?
I guess the key question is on the AO; will waiting for it to be above/below zero AND correct color make it so you only get 1-2 trades a week ( watching 14 pairs) ?
I would much rather miss a trade then get in a loser.
Thanks
krly

Too much restrictive, you also get a lot of good trades with a nice risk/reward ratio without wait these "super conditions" , I think AO color isn't so important because when you enter a trade it change its color in your favor really quickly and it's just a waste of good opportunities wait for it. The final choice is yours , but remember that you have to accept some losses, a trading system with 100% success ratio doesn't exists , you kill this problem with a system with good success probabilities and using good money management and trade management, then you will start to have more money won than money lost. When you open a trade you have to think to your success as a probability, with this trading system you have it in your favor.
You have to:

-Use well the trading system, this means you have to respect always its rules
-don't risk more than 3%
-use good SL that most of the time don't get you out from a winning trade
-manage your trade moving SL to BE when most of the time it don't get you out from a winning trade or take some profits during the trade covering possible bad situations
-trail SL and most of the time it don't cut large possible profits

I wrote "Most of the time" because, if you respect these rules, you make money without any problem winning most of the time, and not only always....and yes, no one can win always .

So.... don't be afraid to have losses! they're part of trading and they just remember to you that you're not a wizard with magic abilities or a supernatural god! but a business man that invest his money and, if he respect some rules, always get more money back!

Sounds like to me you already answered your question.

Strive to take the best trades you can ....

not trade a lot.

The original poster (Tony) makes 100's of pips a day on days he places trades which he stated is not every day.
He waits for A+ situations...

I wonder what his pip value is????
(it is none of our business of course it is just a question to take thinking in another direction.)

we will all have losing trades, that's a cost of doing business. Manage them and move on.

Hi Xhandal, good post Sir, right in the bullseye !

Luke

Thanks Pilotui about yahoo set up ! And there is another setup i experiment since yesterday but it s free, and i receive alert on my cell phone inside of about 10 sec after the alert occured on my mt4 platform !

So for those who are interested to test it you must register for free on gawab.com and after that go on the email section of your mt4 platform and write it like Pilotui show us on his post and you only have to replace the yahoo name by gawab !

for the smtp section, write it like that: smtp.gawab.com:587 and all the other section exactly like Pilotui show us in his post 873 and be sure the email alert on the AO indicator is activated in the input section !

Don t forget to share your feedback !

Luke

Not afiliated with this company in any way, but I do use them and they have been really good so far....

www.mobile4x.com

Set up a free account. Create alerts. Will send sms messages to mobile phones when price target has been hit. Does not need MT4 to be functioning either. Service is free at the moment, but I don't know how long for.

Hi,

My signature on FF used to be, "I'd rather be out of a trade wishing to be in, than in a trade wishing to be out"; so I guess our basic feeling about trading is the same.

This being said, all the indicators used in the system here are lagging indicators, meaning that they are a visual representation of what happened in the past. In other words, if all indicators line up as you described in your post, all that means is that you HAD a perfect trend recently. Indicators won't and can't tell you what is going to happen next, it is your task as the trader to make an educated guess about the next move in the price action.

In my experience, looking at too many indicators at once can be paralyzing. Caution is especially advised (in my personal opinion) when looking at too many similar indicators, e.g. a combination of multiple moving averages (something like, "to go long, the 5MA has to cross above the 13MA while both are above the 50MA and 200MA, which must also have crossed in the direction of the trade"...). I prefer using a combination of a momentum indicator, like the slope of and distance from a moving average, with an oscillator to identify direction -- this may be going too far, but given the almost infinite volume of the currency market, I don't believe in overbought or oversold indications. I also look for so-called leading indicators like previous highs and lows for support and resistance.

I agreed with you when you brought up the AO as being key. What I find misleading is that this spells out to "Awesome Oscillator" -- unlike Stochastics, CCI, RSI, Williams % etc., the AO doesn't even attempt to show extreme overbought/-sold situations.

This has been mentioned here before, the AO in it's standard settings is based on the 5 and 34 period exponential moving averages. A reading above zero tells you that you last had a golden cross, the 5 is above the 34. A blue bar above zero means that the 5 and 34 are separating further, indicating increasing momentum. A red bar above zero means that they are closing in on each other, indicating decreasng momentum. So all the AO does is to help you visualize the relation of the 5 and 34 exponential moving averages. If you like trading cross-overs, then this is for you. (as an aside, you could easily build a template for the above MA "system" without showing moving averages by having two AOs on your chart, one set to 5/13, the other to 50/200; google for "awesome_signal_alert" if you want an indicator that lets you set the respective AO periods; I have posted it to this thread before.)

In the system here, using the AO for trend direction on the higher timeframe without caring about the color of the bar makes sense -- the direction is important, the color is mostly noise. On the lower timeframe the AO is used for adding to the position only, when momentum increases again (bar turns blue above zero, etc.). Using it for much more could easily get confusing, because the Heikin-Ashi actually also is derived from moving averages...

If you do some research on Bill Williams' "Chaos Trading", where the AO was first introduced, you will find out that the indicator was not developed to provide initial entry signals, but for add-ons. (I like this one: http://www.alpari.co.uk/en/alpari_ac...ill_chaos.html)

To sum up, the AO on the longer timeframe (as I interpret it) doesn't tell you when to get into a trade, but lets you know when to stay out of a trade. If it hovers around the zero line, the market has no momentum. Drawing the actual moving averages you would look at spaghetti wire. Don't jump in on any cross or the whipsaw can kill you in a ranging market; wait for the bars to move away from zero and show you some momentum. If it is in positive territory but rapidly decreasing towards zero (or vice versa for short signals), you are looking at a retracement; only counter-trend trades would take that. On the other hand, a red bar only slightly lower than a blue bar in positive territory (again, and vice versa) is not too much concern.

Okay, this got a bit long and heavy... Never mind. Good trading!

jesper

Hi guys...i cant seem to get this indicator to come up....does anyone have the mq4...i have searched and can only find the original .ex4

Indy works fine, no mq4 I know of, but from time to time I am wrong

Hey Free is ALWAYS better!

gmx works well too. It is slow, but I found that I get the text message within about 20 seconds. One thing I noticed is that you need to restart mt4 after putting the info in. After I did that, it worked like a charm.

Rick

For email alerts You can use www.inbox.com too. It's free. There is a note there that pop access is in beta state and after that it could not be free, but for now it works. I am using this account to forward alerts to my gmail adress, and then using gmail push feature they go to my windows mobile phone.

Yeah but right now they are in shut down ! Perhaps it s the price to pay sometimes for having something free !

Luke

Did anyone catch Audusd? Currently +50 pips.

i got the eurusd 70 pips