HA T3-1 System

Dear Friends

I started to use this sistem with great results but then something strange happened.


So I decided to show all of You this situation and ask for suggestion
if there is any possibility to avoid that in future?

First please see 4h chart
http://img192.imageshack.us/img192/5125/37388960.jpg





well at this point I was thinking that prices are going back to dwontrend so I switched to 30m chart
looking for good signal to enter

http://img139.imageshack.us/img139/1087/39505098.jpg

I used last signal because i met all conditions

1-Signal and w-linx ware both red-now it looks blu but when I was entering short i was red
2-AO was going to cross zero line and go down
3-on 4h chart there was still downtrend

Waiting for your reply

Thank You in advance
Darius

LATEST VERSION - "--- May 13, 2010 12:30 GMT --- " <-- Always ensure that when you load your EA Scanner the first settings shows these details, if not then you might be using an older version.

---------------------------------------------------------
Latest Release May 13, 2010 12:30 GMT by OFD (revamp and modification of signal confirmation as requested by all)
Previous Release May 10,2010 21:00 by FxDrive (suffix add on filter for brokers who suffix their pairs)
Previous Release May 10,2010 16:00 by OFD (fixed 5 digit spread filter)
---------------------------------------------------------

Okay guys so here is the EA Scanner I spoke about in the previous post.

But first, please note this is not perfect. I need your help in testing it thoroughly. You would understand that this baby has to scan almost 28 pairs and has to run calci's for 5 separate indicators (2 embedded) for each time frame. Moreover a number of checks to ensure that duplicate emails are not sent. It has the ability to decide on the direction of the 4H time frame by going back in time.etc. In short, there will be bugs in there and I promise to squash them if you guys are willing to help me.

How to Use it ?
1. Download the file and put it in your MetaTrader > Experts Folder
2. Attach it to Signal Time Frame Chart i.e. 30M chart of GBPJPY(most active) according to Tony's Strategy.
3. DO NOT FIDDLE with the Settings, if you want to trade as per Tony's Setup.
4. Incase you want to scan all 28 pairs just enter the variable 'SpreadLessThanOREqualTo' as 100.

IMPORTANT: Make sure you have the HA, W-LNX and Trend Lord in your Experts > Indicator folder and they should be named as 'Heiken_Ashi_Ma_T3-1', 'W-LNX' and 'TrendLord' respectively. Please note if you do not have these indicators download them from the first post and remember to name them exactly as stated in blue above. Names are case sensitive. I have embedded AO in the EA itself so you may or may not have the AO Indicator, it hardly matters.

This is all you have to do and you should start getting results. Initially please DO NOT rely on the alerts by this EA, please recheck each alert as per the rules of this method. Lastly, please do report all bugs and features you would like to see in this EA.

Bugs
1. There might be some issues with alerts on the 30M chart - OFD
2. Opening of properties dialog when the EA is running - rdwatkins

Add-Ons
1. Pair Selection by the user - Kosomolate
2. Automatic Trailing SL - rdwatkins
3. Add-On Signals Auto Order Execution - rdwatkins

People who are using Tony's Method especially the old guys please share your results with us. I would really like to see them so that I get the boost to keep on working on this EA.

Happy Trading,
OFD

Guys,

The release above features some signal confirmation requested by RD, Unimark and others. There are some additional variables in this release and I have decided to share the MQ4 version for all to see, verify and play with. I am no one to hold back something which is not only my hard work but every else's too. But please note the MQ4 is not commented because that is the way I work. I design them for my use only and this is the first time I am sharing these with the community so kindly excuse me for not adding comments.

TrendLordPrevColorCheck = true (default) <-- this if enabled tells the EA to check the color of the previous trendlord bars within x bars. and this x is defined as

TrendLordPrevColorCheckBars = 5 (default) <-- this means that if the current bar is red that the 5th bar before the current bar would have to be blue for the confirmation to hold true.

AOColorConfirmation = true (default) <-- this means that the signal will only be generated if the AO is less than 0 and red in color or more than 0 and blue in color

TDTFMACrossOverConfrimation = false (default) <-- this is basically a bug fix. What used to happen was there were times when all the conditions were met the MA's 3 & 5 used to hop a lot with the price which in turn used to cause the script to give buy signals on one scan, no signal on the next and again a buy signal on the next scan. This was causing some confusion so I have by default assumed that when the HA signal comes in with all conditions being met the 3 & 5 MA crossover will eventually take place sooner or later. For those who want a 100% confirmed signal switch this to true (Although not recommended).

ScanRunMessages = false (default) <-- I am very sure you all were also bugged by the emails which stated Scan Completed every now and then. So going forward I have set that as an option. Whenever you are doubtful that the scan is not auto running set this option to true. This ways if you receive the email the scan is running else no.

RunTDTFScanEveryXMins = 5 (default) <-- There was another concern that the scans are too quick. By default now the scan runs every 5 mins, you can play with this setting as you please.

All other changes remain the same. Will explain more about how this scanner works in the next post. Please note 30M alert issues are still there. Will try and investigate as to if they are working or not sometime end of this week.

RD if you can please go ahead and include these in the word doc and publish it for all that would be great.

Best,
OFD

Well,

I am sure many of you after running this version would say that it sends out too few signals or it is giving out incorrect alerts and all. As far as my testing goes, I am very sure that the alerts for the 4H time frame are corect as per the logic programmed.

But I have not rigorously tested the new version. So please feel free to bug test it first and throw up if you get any bugs.

Tony's method depends upon a lot of variables which cannot be programmed 100% by a machine. For his method I can do a lot of programming wrt to trade execution, SL management, Add-On trades, TrendLine movement, exit based on S&R... bla bla bla... But automating the signal would be hell tough since there are so many variables which are independent of each other and you use your judgment all the time. Probably that was the reason I liked his method at the first place because I knew it in this method what matters is separating the winners from the losers and if you are good at that, you can leave the other clerical work on this EA. Like taking add-ons, moving SLs and all.

The Logic behind the EA
Coming back, whenever you get a signal from the HA on the 4H, the EA runs a check to see if the AO is below/above 0 line. If it is great, it goes to the next step, if not it waits for the AO to fall below the 0 line for the next 4 bars as defined by the (TrendTFCozyNess) variable. Suppose if it does not the EA classifies it as a No Direction trade and moves on. But if the AO falls below 0 within these 4 bars now the EA runs another check to see if you want it to check the color of the Trend Lord (CheckForTrendLordOnTDTF). If the color is also RED, it agrees with the short and gives you a go ahead else it will again give you a No Direction indication. Now with the additional check in place (i.e. previous n bars should be blue/red in color on the Trend Lord -- TrendLordPrevColorCheck). The EA will look for the blue color x bar from the bar on which the confirmation for AO is received and that bar number is called (TrendLordPrevColorCheckBars).

So in all what we are basically doing is we are complicating things to the extent that if A=B and B=C and C=D and D=E then only give me a go ahead else keep it to yourself. And trust me using so many filters what we would do is we would reduce the number of trade outputs to less than 25% as per my guess. And let me assure this in no way would mean that these 25% are sure shot or high probability trades. It just means that the number of opportunities to make money are less than 25%.

Trend Lord - Height Check from EA. I have not programmed this in since this is extremely subjective and I do not want to give this EA thresholds to classify height for a pair which in my case would be incorrect. There are many times when a top is hinted in some of the most prominent indicators like RSI, Stocs, DeMark .etc. and we can easily get to know that by drawing trend lines on these indicators. Also known as the divergence study if you take it a step forward and combine price behavior with it. If you still want to know what I mean, please zoom out on your chart with the Trend Lord and have a good look at it, there is no way I can tell it to see this as a standard height for the indicator to pop-up and classify it as a high zone (I can but it wont be useful and you would reduce the 25% even further). Hope I made sense.

Trust me, it is very easy for me to build on filters to reduce the number of trades but it wont solve the purpose. My idea was to have a look at whats happening where at a glance and then investigate. All said, I am here to work with you guys so I thought rather than sharing some stupid notions and believing in them and saying that this can work this ways. Why not concentrate that energy on education ourselves to pick the right trade at the right time.

Now, I plan to do this by:
1. Keep myself abreast about Economic Developments on a Weekly Basis. Like this week CAD is strong and EUR is weak. Look at EURCAD you would know what I mean, this baby gave us a signal for it 18 bars back. I think for those who picked just this one trade, you would have a merry week and would end up with 1000 pips plus (500 pips it is already down and combine it with add-ons would surely make you reach near that level).

2. Keep in mind the RS of currencies. There is an interesting indicator floating around which plots the currency strength as bars above/below 0. Do not use the one with just numbers indicating strength. Read the article on the MQL titled Cluster Indicators and download the indicator CCFp from there -
http://articles.mql4.com/484 This would give you a good idea about how to use currency strengths to your advantage.

3. Play with time tested techniques - Trend Lines, S&R, Price Action, Fib (.50) and you should have an excellent idea of whats happening where. I have seen some people posts charts in this thread with S&R lines and all and trust me that is the best way to trade this strategy. Getting a sell signal at the exact point.

Tony's Strategy per se is excellent for letting us know the entry points. But when it comes to exits or when it comes to choosing which to pick and which to leave it is more of an art than a science and while programming these changes I realized it. Trust me these changes took me just 15 mins but after seeing the results I can be absolutely sure that it wont help us at all because we invariably are looking for the holy grail which does not exist. Instead we should try and educate ourselves when and in which circumstances we should look for a trade and when we should not.

And guys I am included in all this. I got so excited just by looking at that few pips which some one people made on this thread and decided to just jump straight into the action. So please don't think that I am excusing myself from the fact that I never asked for these changes. Infact I wanted them much more than all of you out there but now I realize what a fool I was. Its a great strategy, all it needs is timing and bang on it has the ability to make you many many more pips than you could imagine.

This can be made as a great Semi-Automatic EA but when to unleash the beast and when to tame it should be in your hands. Would love to hear your views guys.

All the Best,
OneFineDay

Great Job OFD, Started Testing it, I am Ok with Lesser Signal but Sure Shot Trades, rather than risky ones.

Yes we do need to use some personal judgement as everything cannot be automatic but having a sure shot signal confirmed by HA, TL and AO is a beauty to trade.

It is better to have one trade which give 200 pips than to have 10 trade and end up losing 200 pips.

Safety of our capital is of more importance than the number of trades. I find that this scanner is suggesting SL figure hope the figure has been arrived at with the SL logic of Tony , 30 pips plus the spread of the pair in question ( which has to be calculated as it changes with the broker )

By the way I saw the EUSD trade signal given by this scanner, it is a beauty .


Regards

Unimak

I agree with Unimak The better the signal the more i like it
Good Job OFD

I agree completely with unimak. Having a great solid trade well positioned with the highest probability of adding PIPS is what I am after.

If you look at the candle just before the one you've marked on the 4hr chart, there was a blue arrow displayed. You must wait for a red arrow to appear on the 4hr chart before you go to the 30 minute chart for your entry.

Hello Onefineday

I have few things that i like to ask about.
1. I have get an buy signal on the dashboard (i mean on the chart where all the information is given) on the NZDCHF but when i go to chek the chart manualy i see that the A.O is still below zero is this normal?
I have send an picture from the chart and the dashboard. is in this message below.

2. is it possibule to make the tekst on the screen (dashborad) little bit bigger?

3.Is that possibule that the color of the text when an signal is occurd to be in a differnt collor or on a differnt place on the screen? that can give us an quiqer picture when a signal occur.

I have download the new version now and i m still testing the old one so if i see some thing that can be better i will post it

For now thanks for all the work.

Greet you,

Yoenes

Yoenes most probably this seems like a Bug. Let me check and get back to you. Well as for updating the text, changing colors and all is concerned it is a Yes and a No.

Yes, I can and will surely do that. But not now because it involves coding it a little differently than using the simple 'comment' function which I have used currently.

Once we are happy with the internal mechanism and are 100% okay that this is what we are looking at. Then will surely give the code a revision. Will remove the unused bits and make it as fancy as possible. So until then, please bear with me. Hope you understand

Yoenes the code is good. Have a look at three criteria's now:

1. The HA is blue and has given a buy signal
2. The Trend Lord is blue and did have Red as the color within the past 5 bars.
3. As for AO, do one thing. Have a really good look at the AO Indicator values. It reads AO 0.0001 (which for the script is above 0 and should be blue because it is increasing).

This is the reason the buy was confirmed. Although the signal appeared 3 bars back but the buy was confirmed just now for you. Now how can I be double sure about this because NZDCHF values for me have dipped below 0 again in the pics below and the Dashboard has removed the AO confirmation and put the signal back saying waiting for the confirmation. Check the pics, will post a work around in the next post.

Yones and all,

This happens because as per Tony's rules he enters a trade on the current candle and does not wait for the candle to close and this is the reason why Dashboard has to refresh after every x mins to update the values for all currencies and see where the movement is. Which means it not only considers the values of the HA live but it also considers values of all other indicators live, which may keep on changing as the candle redraws itself within the 4H period.

Yoenes I was playing with an indicator where I was trying to evaluate a set of good values for the TrendTFCoziness variable, since this is the major brain of this system and getting this value right will actually help us eliminate a lot of false signals. Think of it this ways, do I want the Trend Lord and AO to give me alerts the same time the HA gives me an alert or am I ready to give it some space to breather and give me signals within the past x time frame. By default it is set at 4 but the lower you make it the better it is since all you get are bang on signals with all criterias meeting at the same time. I tried to incorporate this into an indicator (see the indicator attached)... this just plots the arrows received as per Tony's ruleson the chart and it helps us too see how effective is the TrendTFCoziness variable over the past time frame. Note: This code is not at all user friendly since was using it for myself and may have bugs (also note exit signals are not working, was typing them but got the msg for post on the forum. But if you have a slightest idea about coding you would be able to play with it and ascertain the best values for the indicator yourself. Please share with all once you have them. This one primarily helps with the TrendTFCoziness variable analysis.

Try changing 'i+1' to what you want.

As I said before Tonys method is quiet subjective and we are trying to make it more objective. Which ain't gonna happen so easily, so we can try our best. I am also in the same league trying that at least something figures out which is good for all.

best,
ofd

Yoenes,

Check now it must be giving you a buy again.. check the screen shots you would know it is not a bug but a programming logic which causes this to happen.

If I stop the script and tell it to refresh just the values for the HA and not other signal then...... mmmmm........ i think it can be done but the signals would come in much later especially the 0 bar signals but they would all be confirmed signals.

this for me would mean programming it all a lil' differently.

Yes i see the A.O is now above zero and the signal is confirmed.

i dont have any idea about programming sory about it.

But i hope we get the best out of it.

greet you,

Yoenes

Cool, let me know if you come across any bug. I am off from now till the coming Wednesday. Will work on it in peace and see if I can come up with some strategy or something which can help us all.

Till then lets run our brains full throttle and I think it would be good enough time to test this version out. If we are all satisfied with the way dashboard works will come back and put in colors alerts and all the fancy stuff.

Cya and Happy Pipping.

Hi to all,

Thanks to Tony for sharing this system with us.

Just need a clarification for below rule

On 4H
FIRST you wait signal from Trendlord and AO
THEN you wait the HA arrow

When the HA appears is it mandatory that TL and AO are of same color

or we move to 30 minute chart to search for an entry.

Thanks in advance..

Regards

I've finished the updates to the HA T3-1 EA Scanner Manual v0.2beta to help the regular members of this group learn how to use OFD's EA and for newbies to quickly learn about some of the basics of the method.

I will be updating this document as the EA progresses so that in the end we will have a complete manual and history of our efforts. Hopefully, this will help new arrivals to reduce redundant questions; giving them a snapshot of what has gone before. The other intended purpose is to help testers and contributors to quickly understand updates to the features & settings as OFD and others modify and add them. Testers can then proof their value or suggest modifications to hit the sweet spot benefiting all.


Enjoy,

RD Watkins

Thanks ever so much RDWATKINS,and OFD

How are people who are using this method now doing?

Who is successfully using it and do you always only
take 30m trades in the 4hr direction or other time frames??

The scanner, when it alerts to a 30m opportunity does that
mean necessarily the 4hr trend is correct for the 30m trade
or just that the 30m setup is according to rules, check
the 4hr and see if its the same?

thanks

PS: Anyone with a unique setup/adjustment of this
system that is working well for them please
post here or pm me so we can share.

Brian

Hello Tony,

Thank you for the great system.

Questions:

1) How do you evaluate Trend to know if it is a Retracement or a Reversal?
2) When you use the last 3 Bar HIGH + the Spread for stop loss, is that on the M30 or H4 time frame?

Please advise.