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EURUSD 15min. Heikin-Ashi System

  • #21
  • Jul 7, 2010 11:37pm Jul 7, 2010 11:37pm
Quoting stifland
There's gotta be a MA delta indi out there that would plot the spread between the 2...anyone,anyone,, Bueller?
It's called the MACD... Find one that allows SMA
  • #22
  • Jul 8, 2010 10:40am Jul 8, 2010 10:40am
I really like this method (without testing yet) and appreciate you posting it. It doesn't seem that it would give many trades, however. How many trades do you average per month?
  • #23
  • Jul 8, 2010 10:56am Jul 8, 2010 10:56am
Quoting Dreamliner
I really like this method (without testing yet) and appreciate you posting it. It doesn't seem that it would give many trades, however. How many trades do you average per month?
This is not the only system I am using, but this particular one has given me average 3-5 trades per month, avg. 50pips per trade.

As you know, past performance is not a guarantee for future performance, so MM is the key.
  • #24
  • Jul 8, 2010 1:18pm Jul 8, 2010 1:18pm
Quoting candletrader
This is not the only system I am using, but this particular one has given me average 3-5 trades per month, avg. 50pips per trade.

As you know, past performance is not a guarantee for future performance, so MM is the key.

3-5 trades per month? or per week?
  • #25
  • Edited Jul 9, 2010 12:15am Jul 8, 2010 9:38pm | Edited Jul 9, 2010 12:15am
I know, it's a bit slow system...I have a current live trade open at the moment...it has 21 pips TP,and 15 pips SL...reasonable R:R

Will let you know about this system later...it is almost the same as the original, but it is based on stochastics with Heiken-Ashi of course!


==========================
Update: exited trade at 1.2684....breakeven....stochastics turning agaist the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: euro1.gif Size: 118 KB
  • #26
  • Jul 9, 2010 6:48am Jul 9, 2010 6:48am
Quoting reynante
just tried this on strategy tester for the last month, with a stop of 30 pips, lots of losses
strategy tester does not give accurate results. better forward test it
Twitter: @forexpokerpro
  • #27
  • Jul 9, 2010 10:30am Jul 9, 2010 10:30am
The last time the gap between 200-50SMA > 50pips was on Tuesday, July 6 @7pm(Eastern Time)...since then, no short trade has been taken yet.

The immediate trend still is up: 50SMA > 200SMA


Trying to catch some pips with the trend at the moment, went long @1.2624 at 8:45AM EST
Attached Image (click to enlarge)
Click to Enlarge Name: eur2.jpg Size: 161 KB
  • #28
  • Jul 9, 2010 11:01am Jul 9, 2010 11:01am
I was using Vhands trade simulator on strategy tester... how much more accurate do you need to be on a manual method as simple as this?

Quoting BBPI_fxtrader
strategy tester does not give accurate results. better forward test it
  • #29
  • Edited 6:37pm Jul 10, 2010 6:14pm | Edited 6:37pm
Quoting candletrader
The last time the gap between 200-50SMA > 50pips was on Tuesday, July 6 @7pm(Eastern Time)...since then, no short trade has been taken yet.

The immediate trend still is up: 50SMA > 200SMA


Trying to catch some pips with the trend at the moment, went long @1.2624 at 8:45AM EST
Still open long trade with +11 pips ahead...let's wait if no gap down on Sunday openning!

Still sticking to the original system of pressurize-depressurize concept, but meanwhile is fun to daytrade.

My daytrading eurusd(15min) system is a simple one...let's take a look at the snapshot attached in my last post above.

Why did I take that long trade:

1) No strong trend visible when 200-50SMA gets too close to each other < 20pips.

2) 3 Full-stochastics: 18,3,3 16,3,3 34,3,3

Red stoch: 8,3,3
Blue stoch: 16,3,3
Green stoch: 34,3,3

Red is the fast one...it moves alot,
Blue: is the balanced one, and
Green: is the slow moving one, and powerful money flow!

So when stoch. indicators are all below level 20, and 200-50SMA < 20 pips, going long is a high probability, high profit, and a low risk position...target is 2710.
  • #30
  • Jul 10, 2010 7:25pm Jul 10, 2010 7:25pm
Hi,
Is there a counter that could count the distance between the moving averages. Maybe it is more trouble than what it is worth to come up with something?
Ron
  • #31
  • Edited 9:24pm Jul 10, 2010 9:02pm | Edited 9:24pm
Quoting packgreen49
Hi,
Is there a counter that could count the distance between the moving averages. Maybe it is more trouble than what it is worth to come up with something?
Ron
I am sure there is...but for now is all manual labor!

I am now trying out the FXCM MT4 platform(5-digit broker)..would be nice an alert indicator to do the following:

A pop-up alert with sound&email functionality when only AND only when the following conditions are met:

Distance between 200SMA - 50SMA above/below 50/20 pips AND all the 3 stoch. indicators are above/below 80/20 levels.

Sure you smart mql programmers, can easily write this up in minutes....appreciate if you can help!
  • #32
  • Last Post: Jul 12, 2010 10:06am Jul 12, 2010 10:06am
Stopped out of last trade (-15pips).

My sentiment has now changed to mild bearish for eurusd.

Stochastics are are lining up for a short position...the green one yet to confirm. On the side-line.
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