MTF HA HTID System | Forex Factory

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Attachments: MTF HA HTID System
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MTF HA HTID System

  • #1
  • First Post: Oct 30, 2010 5:28pm Oct 30, 2010 5:28pm
hi everyone, here is a system that i have been playing around with for a couple months. Very simple and very profitable.

it only requires 2 indicators and 2 timeframes to trade. (can use 3 timeframes if unsure of signal)

ha candles and htid indicator. That is all.

Htid is in exe so i do not know how it is calculated.

Time frame for trend is: 30 minute chart

timeframe for trade entry is: 5 minute chart

rules for entry:

Long trade : 30 minute chart identify trend

ha candles are blue and htid is blue, drop down to 5 minute chart.

Enter trade at the close of the 5 minute candle if both the ha candle and htid bars are blue.

If not, wait for condition to be met then enter the trade.

Opposite for short trade.

I use stoplosses of largest swing low or high on 5 minute chart that is over 15 pips minimum. Most times it is 20 or better.

Works very good at session opens.

Do not ask me for stats or records!!!! Trade it yourself for a week and you will see how good it is.

Stick to the rules and don't add indicators. It is plenty good as it is.

I will reserve the first few posts for examples so do not post yet.
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   4 KB | 3,363 downloads
File Type: ex4 HTID.ex4   3 KB | 4,666 downloads
File Type: tpl ha htid.tpl   3 KB | 3,047 downloads
File Type: mq4 BarTimer.mq4   3 KB | 3,040 downloads
File Type: mq4 Magnified Market Price.mq4   1 KB | 2,498 downloads
MY GRID. Markets are NOT random.
  • #2
  • Oct 30, 2010 5:30pm Oct 30, 2010 5:30pm
Here is an example of the 30 minute trend chart
Attached Image (click to enlarge)
Click to Enlarge Name: mtf 30 min trend long.jpg Size: 95 KB
MY GRID. Markets are NOT random.
  • #3
  • Edited 5:42pm Oct 30, 2010 5:31pm | Edited 5:42pm
Here is a long entry on the 5 minute chart. FIRST BLUE LINE ON THE CHART IS THE 30 MINUTE CHART SIGNAL. (FORGOT TO PUT THAT IN)
Attached Image (click to enlarge)
Click to Enlarge Name: mtf 5 min trade entry chart.jpg Size: 105 KB
MY GRID. Markets are NOT random.
  • #4
  • Oct 30, 2010 5:34pm Oct 30, 2010 5:34pm
Ok , that ought to do it you can post questions about this system if you are not clear about it.
MY GRID. Markets are NOT random.
  • #5
  • Oct 30, 2010 5:34pm Oct 30, 2010 5:34pm
Very simple (always the best!) and interesting strategy you have here Tony. Will start following it. Hopefully you won't have posters coming in and complicating it with a 100 other indicators!
  • #6
  • Oct 30, 2010 5:36pm Oct 30, 2010 5:36pm
Quoting flamenco143
very simple (always the best!) and interesting strategy you have here tony. Will start following it. Hopefully you won't have posters coming in and complicating it with a 100 other indicators!
yeah, i hope so too. Very easy system to use as is.
MY GRID. Markets are NOT random.
  • #7
  • Oct 30, 2010 5:53pm Oct 30, 2010 5:53pm
Btw, i know i will be asked, indicator does not repaint!
MY GRID. Markets are NOT random.
  • #8
  • Oct 30, 2010 5:59pm Oct 30, 2010 5:59pm
Quoting tonyb123
Btw, i know i will be asked, indicator does not repaint!
GTZ it burnt my lips

I will give it a try next week thx for the strat
  • #9
  • Oct 30, 2010 6:59pm Oct 30, 2010 6:59pm
nice and simple stuff tony thanks.just a question about the HTID the number of bars back cant be changed and there is no alert option maybe someone with coding skils could change that? i have been looking at higher TF and it looks promising. thanks again
  • #10
  • Oct 30, 2010 7:53pm Oct 30, 2010 7:53pm
Thanks Tony. definitely looks simple and promising. i got a question that in trending situation any system would work. how this one performs when market is sideways / ranging.
  • #11
  • Oct 30, 2010 8:05pm Oct 30, 2010 8:05pm
Ok.. if the 30M candle CLOSE with two blue or two pink, then this is a signal to go down to 5M and look for candle to close with the same.. two blue or two pink?!
Because in your example your signal 30M candle STARTS (your charts) 09:00, meaning it ends 09:30. And in your 5M chart you point out the first signal to take a trade is at a 5M candle that also STARTS at 09:00 and ends at 09:05.

In your example your 5M signal candle should actually be the one that starts 09:25 and ends 09:30 or starts 09:30 and ends 09:35.

Basically the time shown in your chart under the candle is the starting time of the candle.. not the ending time..

Not saying your system doesnt work, but maybe not as pretty entry candles as you would like..
  • #12
  • Oct 30, 2010 11:33pm Oct 30, 2010 11:33pm
Quoting frankiev2
Ok.. if the 30M candle CLOSE with two blue or two pink, then this is a signal to go down to 5M and look for candle to close with the same.. two blue or two pink?!
Because in your example your signal 30M candle STARTS (your charts) 09:00, meaning it ends 09:30. And in your 5M chart you point out the first signal to take a trade is at a 5M candle that also STARTS at 09:00 and ends at 09:05.

In your example your 5M signal candle should actually be the one that starts 09:25 and ends 09:30 or starts 09:30 and ends 09:35.

Basically the time shown...

Close of candle for 5 minute entry chart is the one you wait for. on 30 min chart you just wait for color change, you will know at the start what color it will signal.
MY GRID. Markets are NOT random.
  • #13
  • Oct 31, 2010 2:21am Oct 31, 2010 2:21am
Hi to all,
I've just signed in FF. (I've been a silent lurker for a couple of months)
I made it only to be able to join Tony's threads!
I don't know who you are, I don't know why you do this, but I realized that if there's just one way to achieve some success in forex trading for me I'll find it stiking to the rules of your trading systems. Each time you start a thread about a new system...it seems more easy and profitable than previous....
So, maybe you're crazy, maybe you're a genius, maybe you're not real.... but I can only say Thanks Tony!
God bless you!!!

Az
  • #14
  • Edited 6:00am Oct 31, 2010 4:05am | Edited 6:00am
here is the code from HTID.mq4 if somone like
generated by some decopliler =]
now we can change the period
Inserted Code
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red

int gi_76 = 7;
double gd_80 = 50.6;
int g_bars_88 = 1500;
double g_ibuf_92[];
double g_ibuf_96[];
double g_ibuf_100[];
double g_ibuf_104[];

int init() {
   IndicatorBuffers(4);
   SetIndexStyle(0, DRAW_HISTOGRAM, STYLE_SOLID, 3);
   SetIndexBuffer(0, g_ibuf_100);
   SetIndexStyle(1, DRAW_HISTOGRAM, STYLE_SOLID, 3);
   SetIndexBuffer(1, g_ibuf_104);
   SetIndexBuffer(2, g_ibuf_92);
   SetIndexBuffer(3, g_ibuf_96);
   IndicatorShortName("HTID (" + gi_76 + ")");
   return (0);
}

int deinit() {
   return (0);
}

int start() {
   double ld_8;
   double ld_16;
   double ld_32;
   if (g_bars_88 >= Bars) g_bars_88 = Bars;
   SetIndexDrawBegin(0, Bars - g_bars_88 + gi_76);
   SetIndexDrawBegin(1, Bars - g_bars_88 + gi_76);
   int l_ind_counted_4 = IndicatorCounted();
   if (Bars <= gi_76 + 1) return (0);
   if (l_ind_counted_4 < gi_76 + 1) {
      for (int li_0 = 1; li_0 <= gi_76; li_0++) g_ibuf_92[g_bars_88 - li_0] = 0.0;
      for (li_0 = 1; li_0 <= gi_76; li_0++) g_ibuf_96[g_bars_88 - li_0] = 0.0;
   }
   for (li_0 = g_bars_88 - gi_76; li_0 >= 0; li_0--) {
      ld_8 = High[iHighest(NULL, 0, MODE_HIGH, gi_76, li_0 - gi_76 + 1)];
      ld_16 = Low[iLowest(NULL, 0, MODE_LOW, gi_76, li_0 - gi_76 + 1)];
      ld_32 = ld_8 - (ld_8 - ld_16) * gd_80 / 100.0;
      g_ibuf_92[li_0 - gi_76 + 6] = ld_32;
      g_ibuf_96[li_0 - gi_76 - 1] = ld_32;
   }
   for (int li_40 = g_bars_88 - gi_76; li_40 >= 0; li_40--) {
      if (g_ibuf_92[li_40] > g_ibuf_96[li_40]) {
         g_ibuf_100[li_40] = 1;
         g_ibuf_104[li_40] = 0;
      } else {
         g_ibuf_100[li_40] = 0;
         g_ibuf_104[li_40] = -1;
      }
   }
   return (0);
}

edit
hmm set it to 5 anc check h1 or m30
it look realy good!
i would even say too good ;p
i think it will repaint because if it will not
than we can say that we found the honly grail =]
  • #15
  • Oct 31, 2010 6:13am Oct 31, 2010 6:13am
You are definitely corect. If this indicator does not repaint then I think we found something very interesting here.

However, remember the Author appears to indicate that it does not repaint.
So let us just wait and try it.

Thanks Tony.
  • #16
  • Oct 31, 2010 6:17am Oct 31, 2010 6:17am
Quoting tonyb123
Btw, i know i will be asked, indicator does not repaint!
Then you should check again, because HTID does repaint!! Quite heavy also..
  • #17
  • Oct 31, 2010 6:21am Oct 31, 2010 6:21am
Many thanks Tony. The entry rules are clear, but how about exits? Maybe hold a trade till the change color of the HTID on M30 or based on HA behavior.
  • #18
  • Oct 31, 2010 6:28am Oct 31, 2010 6:28am
HTID does repaint.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #19
  • Oct 31, 2010 7:33am Oct 31, 2010 7:33am
Quoting Goldflight
HTID does repaint.
It is logical. All indicators of this type repaint. Besides, I googled the indicator and found out that this indicator is being given as a "free bonus" for people who participate in a scammers webinar.
Not worth attention, is my conclusion.
  • #20
  • Oct 31, 2010 7:47am Oct 31, 2010 7:47am
If it repaints then why should Tony indicate that is DOES NOT REPAINT? May be the one Tony posted DOES NOT.

Where are you Tony, if you do not mind clarifying this we would surely aprreciate it.

Rather than make a quick rush to jugment I would wait and try it or wait for Tony.
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