MTF HA HTID System

Hi All,

I guess the meeting and the system have both fizzled out.

pipsacker

I did not get any replies for the meeting...I wish to have the meeting but i will have it tomorrow at approximately 6pm EST. I will post the room info tomorrow afternoon for the Goto Webinar..

Jim

Thanks, Jim.

pipsacker

Hi, I cannot make the meeting room and I have not tested this yet, but I booked marked this thread on my list of systems to test. I don't think tony would have posted the system if it was not working for him and I just got a good "feeling" about the system when I reviewed it. People complained about the repainting, but that does not matter if the orginal signal is working.

Hello,
Here is the similar indicator which will not repaint. I have written indicator which looks the same in terms of trend indication that is blue and red bar histograms to indicate up and down trend respectively but the code is written such a way that it wont repaint. Although, there is slight lag but it is always better to stick to trend it is displayed once and not change it depending upon future values.
Please let me know if this works as you expected. In case any problem let me know and I will try to address it and fix them if possible.

what is it based on ?
is it similar to htid or did you add something else ?
just added it on my platform and want to see how it will move.

thanks in advance

Core logic is similar to HTID but I have implemented it in my own way to take care of repainting. Also, I changed look-back to 5 bars instead of 7 to make it faster. However, there may be little lag introduced so that once bar is closed it will NOT repaint. If there is high volatility then current bar may change its color in very rare cases but once bar is closed it will not repaint at all.

Please give it a try and see how it goes and let me know if there are any issues.

Ash

thanks for the answer !
i`ll try it this week and come back with some feed-back

I've noticed HTID is changing as market price moved few candlesticks already. How to use it a better wya, please advice. Thanks.

Max please post a screen shot of one of your recent trades... please

And Jim, lets set up a room... make it so we can get in there when we want and whoever is there can work together and lets try it out.. but I personally want to use the 1M like Max.. I think its the best. Lets see what we can do together!

Brian

[quote=tonyb123;4134667]hi everyone, here is a system that i have been playing around with for a couple months. Very simple and very profitable.

Thanks Tony, for starting this thread. Perhaps it is true that the 1 min is the most difficult chart and here is the GBP/JPY, the most difficult pair. This is where I have found that I have the most success though. I am working for a 5% daily goal trading between 8:30 am – 11 am EST, daily after the NY open.

This chart shows the late afternoon up until 5:15 pm. I am posting this chart to compare netFX’s non repainting indicator to the original HTID.

I read with some amusement, all the hysteria regarding the painting/non repainting issue…. For me it is a non issue as I trade first from the price action as it hits the areas of support/resistance shown on the chart. If the indicator spurs me to pull the trigger and then a few bars later it repaints, what do I care? It was that initial impulse to support a trade that is important.

First let me share what it takes to make me comfortable in this noisy short time frame….

-The Aqua line is the 200 SMA

-The Orange line is a 200 period Bollinger Bands, Std. Deviation of 1

-The light Orange line is a 200 period Bollinger Bands, Std. Deviation of 2

- The Yellow line is a 200 period Bollinger Bands, Std. Deviation of 3

Price loves to use these lines for targets for exits, and points of support and resistance for entries.

-The bright Magenta line is a new indicator I am experimenting with I found online in another forum and the jury is still out how useful it will be to me… It draws the bottom of a channel as price moves up or the top of a channel as price moves down … it seems pretty accurate.

-The line that follows the price helps decide direction and I think I like the Adaptive Laguerre Filter indicator posted by LouG better for this purpose…

-The gray line is the Stochastic RSI set to 21,21,5 and smoothed further by the Yellow Smoothed MA of it, 5 period and the Orange line is the 4 period Simple MA , smoothing the 5 period MA, or a derivation of the MA which is a derivation of the Stoch RSI set to a long period… Whew! I find it necessary to use this to smooth the noise of the 1 min period and only enter long when it is low below 20 and has made a cross or short when it is moving down and crossing 80. It must agree with the direction of the next indicator….

-My trend is defined by the Red and Green MTF swing indi set to the 5 min period….I found this on another thread dealing with 1 min scalping. This one trumps everything else. Only enter in the direction it is suggesting.

-That finally brings me to the Trend Bars… They seem like another very good noise filter but wouldn’t trade from them exclusively… they seem like one more good piece of evidence….to support entering a trade. If I would look at the 5 min version then I might be in a better position to trust it….

-Numbers 1-5 show the swings with it being too early for #5 to safely enter short. The gray StoRSI needs to cross its MA’s and they also need to cross and head down before I would enter this trade.

The beauty of scalping the 1 min chart is in keeping my exposure down and to be able to set tighter stops and not allow trades to fester. The ECN broker I use has tight spreads on the GY, generally below 2 pips.
I don’t mean to complicate this thread with this post. As I get more confident, I’ll simplify my chart. That’s the essence of this thread… Yet in order to trade successfully, one needs confidence and that can only come from hours of screen time, not from a magic combination of indicators.

If anyone would like me to post any indicators or a template, just ask.

Hi Jnevins

What do you use for stop loss and what is average target profit you can get on GbpJpy on 1 minute chart? Yes would like to play with your chart..thanks for offer to post indies/template. Have you tried on Eur/Usd
Thanks, Ed

Hi Ed,

I look at the BB lines and the 200 sma for evidence of where to place the SL... generally I like to keep it to 10 pips or less on the GY on the 1 min chart...Take profit is anything I can get... 5 - 15 pips depending on what's going on with the swing.

Morning is the best time to trade this... 8-12 noon EST

-Jerry

No, I've been spending all my time on the GY but it should work fine on any pair....

Many thanks Jerry, Will let you know how it goes, Ed

Thanks Tony,
I love heineken ashi.. Will check this out. Marking with vertical lines is one of my favorite ways to mark the trend...
Little warm and toasty for a while with all the flame throwers...
Personally I like to leave no stone unturned in my quest for the Holy Grail..
Simple simple simple. Oh, how we long for simplicity...
Will check this out.
HTID reminds me of the fisher transform....

thanks for ur TPL and indis can u pls give us perfect MTF indi and Ashn indi please

Here is a simplified version of the chart I posted yesterday... I am trying out a 2 period MTF RSI set to 15 minutes...The Smoothed Stochastic RSI is still a key component... The Jurik Bands might be a nice addition and I put back the ALF filter...

The #perfect Swing is posted on the previous page... Not sure what the Ashn indi is...

BTW... This is a 2 min chart generated by 2 pip constant range bars! We aren't looking at the 1 min chart here...