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Heiken-Ashi System

  • #141
  • Jul 12, 2008 9:21pm Jul 12, 2008 9:21pm
Fellow Heiken Ashi traders,

Started using this method in march/April. has been great!

I use in two methods I trade with.

Following chart is my system I created off HA. Great way to keep u inline with the trend.

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 29 KB
  • #142
  • Edited 3:26am Jul 13, 2008 1:41am | Edited 3:26am
Quoting johnedoe
C Ya felix no spamming here
LOL, I'm a fan of Felix's; he's saved me from buying many scam systems. But, if I understand Tdion correctly, he is NOT. (Tom, feel welcome to weigh in and correct me if I'm wrong!)

Sorry if I'm raining on anybody's parade, but there's nothing magical about Heikin Ashi. It's simply a lagging, trend following method; ultimately it works very similarly to a MA crossover. When the market trends, you win, in proportion to your MM (see post #139); when the market moves sideways, you lose, in like proportion.

The Heikin Ashi Smoothed.MQ4 indicator introduces a "triple lag" effect, due to the way it does its averaging. For more info, see my comments in post #20.

When I first saw H-A, I thought I'd found the grail, until I realized that I had to enter at the market price, rather than the price shown by the H-A candles. LOL. A warning to any newbies like me who are reading this, don't fall into the same trap! (If I understand correctly, oo7_ts is making this point back in post #137. The H-A candles make it look all too easy!)

The original poster on this thread used to call himself MikeJody (try the link in post #52). I don't know why he's subsequently changed his handle to Dreamliner.
Anyway, I note his caveats in posts #127 and #129.

David

[Edit] For more info on H-A: www.ensignsoftware.com/tips/tradingtips57.htm
  • #143
  • Jul 16, 2008 7:04am Jul 16, 2008 7:04am
Smoothed HA is just a Moving average fashioned as candles.
Period=6
Ma method=3 (Smoothed)
Applied price= Median (HL/2)

nothing special about Smoothed HA it's only pretty in the eyes
  • #144
  • Jul 20, 2008 2:55am Jul 20, 2008 2:55am
apocalypto...nice chart...where do i get the indicators? any template? wat is the setting?

any1 seen steinitz HAS robot?
  • #145
  • Nov 13, 2008 4:43am Nov 13, 2008 4:43am
I just saw the heiken ashi and added it to my custom indicators and am wactching the intraday market.

well the Smothened is delayed with abaout 5-6 candles in 5min chat.

It also does not give a perfect market entry/exit when the market is on its undecided state.

it prevents from entring into the market wrongly when the trending is good.

In a trending market thats the most perfect you can use. just make sure you enter when the smothened asked you to enter, thats a colour change.

It is also advisable to have the same chat EUR/USD, 2. Divide the screen with the chat and have one of the chat to have the normal heiken ashi in the MT4 trading platform and have the smothened in another to help filter the market well.

i enter a trade when the normal heiken ashi says enter and double the trade when the heiken ashi says enter.

then my exit is done with the normal heiken ashi.

But i need to knoe if there is a way i can add it to my chat to trade on its own.

i mean make it a robot trader to trade at will with the colour change?

More Pips all
Reall
Lekwas
  • #146
  • Nov 13, 2008 4:57am Nov 13, 2008 4:57am
Hi Apokalypto

which broker do u use and when platform.

i will love to have that type of platform. where the heiken ashi will be below the chat.

if there is a special way to do that i will love to learn.

Thanks

Reall
Lekwas
  • #147
  • Apr 7, 2009 2:17am Apr 7, 2009 2:17am
Dreamliner,

I've backtested your method, including your MM rules. I also came up w/ some promising results. I have used HAS for awhile, in combination with an envelope. I guage the trend, enter on pullbacks, and have had some success with it.

The bottom line is that you have done all the due diligence yourself here. You don't need the chattering masses to clog up your brain. What you've put together is elegant and could work. Now you just have to do it. Give it a try.

Find some people you trust, PM them, and get to work. Putting it out there to let everyone jump in and start shouting -- just to be heard -- is counterproductive to the business of trading.

Hope this bit of advice helps. On the other hand, I've noticed you're not a noob -- so why post in an open forum like this? I can't believe it is just to solicit ideas or educate...now go make yourself some money!

Cheers
  • #148
  • Jun 3, 2009 1:23pm Jun 3, 2009 1:23pm
Is it possible to put an audible alert once the HA indicator changes from red to blue ? Based on the indicator settings. (2,6,3,2)
  • #149
  • Sep 9, 2009 2:31pm Sep 9, 2009 2:31pm
Quoting reall
I just saw the heiken ashi and added it to my custom indicators and am wactching the intraday market.

well the Smothened is delayed with abaout 5-6 candles in 5min chat.

It also does not give a perfect market entry/exit when the market is on its undecided state.

it prevents from entring into the market wrongly when the trending is good.

In a trending market thats the most perfect you can use. just make sure you enter when the smothened asked you to enter, thats a colour change.

It is also advisable to have the same chat EUR/USD, 2. Divide the...
Hello,

I got late on this but would you mind clarify what you mean by;

Normal and smoothed HA. Also how to change parameters.The one HA indicator i downloaded from here ...is it set to 2632? I see colors 1234.Not sure what that means

Thanks
  • #150
  • Sep 13, 2009 6:47pm Sep 13, 2009 6:47pm
A small tip for my first post here:

A Heikin Ashi 2632 is the same that a 6 periods smoothed average of typical price...
  • #151
  • Oct 2, 2009 11:41am Oct 2, 2009 11:41am
I really like this indicator heiken ashi, but can someone recomend another indicator that can be used also with heiken ashi?
So far I am trying to look for candle reversals to confirm heiken ashi but maybe someone use a better option to complement Heiken.
Regards
Indicators always obey Price, not the other way.
  • #152
  • Oct 2, 2009 12:03pm Oct 2, 2009 12:03pm
HI max, check out the THV thread on the forum..

Rebel
  • #153
  • Oct 2, 2009 2:42pm Oct 2, 2009 2:42pm
Quoting rebelheart
HI max, check out the THV thread on the forum..

Rebel
I Wwill do it, thanks.
Indicators always obey Price, not the other way.
  • #154
  • Edited Oct 3, 2009 12:07am Oct 2, 2009 11:03pm | Edited Oct 3, 2009 12:07am
The problem with the system of this thread was the money management or martingale system, trading the HA can be very good when used as a trend following system, which means you may be in a trade for days or even weeks or possibly even months with proper trail of your SL.
And yes you can trade trends on smaller time frames as well.

You might want to take a look at these... Perhaps they will shed some additional light on HA....

What is Heiken-Ashi and how to trade it

Using the Heiken-Ashi Technique.

Heiken-Ashi.... A Better Candlestick

Mister ED's 4 hour Heikin Ashi system

This ought to keep you busy for a while and may help you set up your HA systems.

Last is this one to take a look at..... HA with MAs and PSAR


Here is a more current chart......

http://img132.imageshack.us/img132/1...ncapture2z.png
Same Whore .... Different Dress
  • #155
  • Oct 4, 2009 1:38pm Oct 4, 2009 1:38pm
Here is a post regarding trading and why martingale fails....

http://www.forexfactory.com/showthre...20#post3115320
Same Whore .... Different Dress
  • #156
  • Feb 28, 2010 12:21am Feb 28, 2010 12:21am
Quoting hanover
The Fibo method is less risky than the Martingale in the sense that the steps ascend more slowly. For example, the twentieth Fibo number is 6,765 while 2^19 = 524,288, which differs by a significant order of magnitude. But the Fibo method apparently requires two successive wins to return to breakeven; the Martingale only one. This is the kind of compromise that underlies any money management (MM) system, i.e. probability is in some way inversely proportional to payoff size. Casino games like Roulette offer a reasonable analogy....
Could you suggest any good websites or resources for statistics that can be applied to trading?
The greatest force on earth is compound interest.
  • #157
  • Feb 28, 2010 7:47pm Feb 28, 2010 7:47pm
Quoting Dreamliner
Hi Llambert3,

I cannot remember the date, I'm sorry. And I am doing so much backtesting that it is hard to even remember which month. Most months have a maximum of 4-5 losses in a row, occasionally there is a 6-7 month, but rarely.

As I mentioned, this is the drawback of this system, but what I care about right now is that it is a profitably system that even I can trade.
Dreamliner,
Thanks for sharing your system. It seems though that the SL of 50 is too small. I keep getting stopped out on aud/jpy. What SL have you been using?

Regards
  • #158
  • Feb 14, 2011 12:00am Feb 14, 2011 12:00am
Attached is my minor contribution to community

Attached Image (click to enlarge)
Click to Enlarge Name: HAS bar.png Size: 21 KB


Attached File(s)
File Type: mq4 HPT - Heiken Ashi Smoothed Bar.mq4   4 KB | 3,453 downloads


Attached File(s)
File Type: mq4 HPT - Heiken Ashi Smoothed.mq4   4 KB | 2,833 downloads
  • #159
  • Feb 20, 2011 6:20am Feb 20, 2011 6:20am
Hello Hanover,
I'm looking at your table,, it looks impressive.
http://www.forexfactory.com/attachme...1&d=1168976047

I'm quite new to trading,,,
How did you calculate this?
I mean,, is it something that can be done in Excel?
I'm not too share with heavy calculations,,but if I can see how it's calculated,
I think I can understand it easier.
Many Thanks
TheGhost
  • #160
  • Mar 5, 2011 9:54pm Mar 5, 2011 9:54pm
Hi, I need help on Heiken Ashi Smoothed Technique, the basic not in metatrader, example Heiken Ashi is

Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close

How in Heiken Ashi Smoothed?
i need modify in my chart, Thanks
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