EURUSD 15min. Heikin-Ashi System | Forex Factory

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EURUSD 15min. Heikin-Ashi System

  • #1
  • First Post: Edited Jul 12, 2010 10:21am Jul 7, 2010 12:04pm | Edited Jul 12, 2010 10:21am
After being on the sideline in this forum for many years, and busy making money in Forex, I will present you a system that will make you money, if you are a desciplined and a patience trader.

The concept:

Prices constantly is in the process of pressurizing and depressurizing...the idea is to capture pips when prices are being depressurized.


How do we define prices are pressurizing:

The gap between 50-200SMA's > 50 pips

When do we know prices are depressurizng:

Using 15min. Heiken-Ashi chart, when prices close below/above 50SMA(with Heiken-Ashi confirming the trend)


Attached is the example of a short-entry.

Simple system, yet very powerful!

Best of luck....

==============================================


See post #29 (http://www.forexfactory.com/showpost...6&postcount=29) for another daytrading system I use.
Attached Image (click to enlarge)
Click to Enlarge Name: Farah_System.jpg Size: 129 KB
  • #2
  • Jul 7, 2010 12:14pm Jul 7, 2010 12:14pm
what are the set up for your Heikin-Ashi system? would you post the file in mq4. Do you trade in according to a major trend or any direction?

Thank you for sharing
doura Return Today: 0.1%
  • #3
  • Jul 7, 2010 12:26pm Jul 7, 2010 12:26pm
what do you use as a stop if there is not swing high and just that big high at the top?
  • #4
  • Jul 7, 2010 12:28pm Jul 7, 2010 12:28pm
Quoting doura
what are the set up for your Heikin-Ashi system? would you post the file in mq4. Do you trade in according to a major trend or any direction?

Thank you for sharing
I use Oanda...in Oanda system, no setup is necessary....just click on the chart type, and select Heikin-Ashi...not sure how you do it in other trading platforms.

Trend is in the eyes of beholder...if 50SMA > 200 SMA that indicates uptrend(indicating prices are pressuring to the upside) and vice versa for downtrend...just place your entry according to the trade setup, and you are done.
  • #5
  • Jul 7, 2010 12:35pm Jul 7, 2010 12:35pm
Quoting reynante
what do you use as a stop if there is not swing high and just that big high at the top?
Good question...money management is the key. Your risk:reward must be greater than 1:1, when you place your SL/TP. No stop should be greater than 30pips...that's the max, and if your TP (200SMA) will give you greater than 1:1 risk:reward....take the trade.

Use any other form of MM that you feel comfortable.
  • #6
  • Jul 7, 2010 12:39pm Jul 7, 2010 12:39pm
Great system! Pretty much a nobrainer.

;-)
  • #7
  • Jul 7, 2010 12:46pm Jul 7, 2010 12:46pm
Quoting Arcturius4
Great system! Pretty much a nobrainer.

;-)
Yes especially with an alert when all conditioned are met
  • #8
  • Jul 7, 2010 1:22pm Jul 7, 2010 1:22pm
just tried this on strategy tester for the last month, with a stop of 30 pips, lots of losses
  • #9
  • Jul 7, 2010 1:31pm Jul 7, 2010 1:31pm
Quoting reynante
just tried this on strategy tester for the last month, with a stop of 30 pips, lots of losses
Then try it on a demo...and I will post live trades as they come....
  • #10
  • Jul 7, 2010 2:27pm Jul 7, 2010 2:27pm
so if 50 and 200 less than 50 pips apart---no trade on price cross, yes?
Have to wait on expansion, then next cross?
  • #11
  • Jul 7, 2010 2:58pm Jul 7, 2010 2:58pm
Quoting stifland
so if 50 and 200 less than 50 pips apart---no trade on price cross, yes?
Have to wait on expansion, then next cross?
Exactly...on the sideline until the two MA's are 50 pips apart...then immediate entry on the next close of Heiken-Ashi cross on 50SMA against the trend, toward the 200SMA.
  • #12
  • Jul 7, 2010 3:07pm Jul 7, 2010 3:07pm
Are the SMAs calculated against the price close, or the HA close?
  • #13
  • Jul 7, 2010 3:27pm Jul 7, 2010 3:27pm
Quoting Ronald Raygun
Are the SMAs calculated against the price close, or the HA close?
SMAs are against the price close.
  • #14
  • Jul 7, 2010 3:53pm Jul 7, 2010 3:53pm
candletrader, thank you for sharing!

Have you ever traded other pairs?

What gap between 50 MA and 200 MA would you recommend for GBPUSD, GBPJPY, EURJPY?
  • #15
  • Jul 7, 2010 4:00pm Jul 7, 2010 4:00pm
Quoting Fokusnik
candletrader, thank you for sharing!

Have you ever traded other pairs?

What gap between 50 MA and 200 MA would you recommend for GBPUSD, GBPJPY, EURJPY?
Only EURUSD...give it a try for other pairs, and share your result.
  • #16
  • Jul 7, 2010 4:00pm Jul 7, 2010 4:00pm
Quoting doura
what are the set up for your Heikin-Ashi system? would you post the file in mq4.
doura, I attached Heiken-Ashi file. As far as I understand the default settings are the same as in Oanda (the colors are different, but who cares)
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   4 KB | 633 downloads
  • #17
  • Jul 7, 2010 4:04pm Jul 7, 2010 4:04pm
Quoting candletrader
Only EURUSD...give it a try for other pairs, and share your result.
candletrader, thank you!

I think I'll compare these pairs' ATRs with EURUSD's ATR and change the gap accordingly.
  • #18
  • Jul 7, 2010 4:37pm Jul 7, 2010 4:37pm
Candletrader,

Thanks for sharing such a simple, straightforward system. I will try it out on a demo account.
  • #19
  • Jul 7, 2010 10:08pm Jul 7, 2010 10:08pm
There's gotta be a MA delta indi out there that would plot the spread between the 2...anyone,anyone,, Bueller?
  • #20
  • Jul 7, 2010 11:04pm Jul 7, 2010 11:04pm
Just passing through this thread - so please don't ask for alerts, email, a scratch on the back or maybe a kiss from Mom.

First look at this was for a Renko EA which I am writing. Too many false signals at cross for me.

Regards,

KingHigh
Attached Image (click to enlarge)
Click to Enlarge Name: decompress.gif Size: 34 KB
Attached File(s)
File Type: mq4 KH DeCompress v0.mq4   4 KB | 686 downloads
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