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Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid

  • #41
  • Oct 25, 2011 7:56am Oct 25, 2011 7:56am
Nice work guys - including all other senior members giving suggestions of HA and ichimoku - really looking nice there

However, for the sake of this thread and it's rules, could we try to stick to the discussion of the main rules? - This is so cause I wanted to really keep it very simple and almost like a no brainer - you know like fat and lazy rich man like of system

Appreciate all your efforts to improve the ideas stated here but yeap for the sake of the thread, could we test out the rules as per stated on post #1?

Thanks guys! Looking forward to seeing results!

P.S Guys teach me about ichimoku! Lol and nice job with that HA informational "booklet" buddy!
A trader must be humble - else the market would humble him.
  • #42
  • Oct 25, 2011 8:24am Oct 25, 2011 8:24am
ty for posting i will look at it later on tonight
  • #43
  • Edited 9:42am Oct 25, 2011 9:07am | Edited 9:42am
I think the original rules are good, but because of the nature of HA candles, I don't think it's all that great using it without "backup" indicators. They just serve as confirmation, and don't take long to check out.

Adding Ichimoku helps in identifying support/resistance which could help immensely in ignoring fake breakouts. Here's a great link explaining the system in a concise way: LINK

Having said that, I don't wanna derail the thread, so if you want to stick to the base rules, I respect that. I just think that adding the rest will greatly improve your system. The Chikou Span for example tells you at one glance whether the momentum points up or down over a certain period. Only takes 2sec to glance at it

@SwingMan: The graphs you posted are from 21st October...I wouldn't hold my breath for a Euro rally right now. The world will wake up over the coming days, and realize that Merkozy's plan to solve the leverage issue is...wait for it...waaaaaaaait for it...MORE LEVERAGE. Anyone with a brain can see that medium/long term, this won't go well. If they don't achieve a resolution this week, the Euro will tank, and if they do, it'll result in a short term rally followed by a collapse. All those countries needing financial bailouts aren't sticking with the austerity measures, and that includes Italy, which is a lot worse than Greece given the size of its economy.
  • #44
  • Edited 10:28am Oct 25, 2011 10:17am | Edited 10:28am
I'm trying to follow Hedayat's line of reasoning...I want to know what he is trying to teach.

Instead of jumping in with a different system, why not start your own thread? Post your comment similar to the following:

"I have a slight twist to Hedayat's system and if you'd like to see it, go to [link]."

That's only being polite and respectful to Heydayat.
  • #45
  • Oct 25, 2011 10:37am Oct 25, 2011 10:37am
Quoting 4exNinja
I think the original rules are good, but because of the nature of HA candles, I don't think it's all that great using it without "backup" indicators. They just serve as confirmation, and don't take long to check out.

Adding Ichimoku helps in identifying support/resistance which could help immensely in ignoring fake breakouts. Here's a great link explaining the system in a concise way: LINK

Having said that, I don't wanna derail the thread, so if you want to stick...
Yea buddy agree with you on the fakeouts needing to be filtered. I appreciate the idea. Especially so since scanning the backtests, I have spotted some really bad fakeouts which may mint a few pips by the time the candle colour changes but not worth the time we would be holding onto the trade for.

My real problem is not really with entries though..the exits need to be toyed with very much.

Could you explain, as per your previous post with a picture, how exactly and concretely you based your entries and exits on and the theory behind it? I am seeking a solid exit point at the moment on D1 chart though.

Thanks once again buddy for the efforts.
A trader must be humble - else the market would humble him.
  • #46
  • Oct 25, 2011 10:39am Oct 25, 2011 10:39am
Quoting tenthman
I'm trying to follow Hedayat's line of reasoning...I want to know what he is trying to teach.

Instead of jumping in with a different system, why not start your own thread? Post your comment similar to the following:

"I have a slight twist to Hedayat's system and if you'd like to see it, go to [link]."

That's only being polite and respectful to Heydayat.
Hey buddy, thanks for the support buddy.

I am actually more or less fine with refining entries and exits on my idea - would be worth a few hundred pips on exits each time.

You have any ideas on those, please shoot it on this thread would love to see it.

After all, we are seeking healthy conversations!

Have fun buddy!
A trader must be humble - else the market would humble him.
  • #47
  • Oct 25, 2011 10:51am Oct 25, 2011 10:51am
Quoting SwingMan
As a general information: the book of the Heikin-Ashi inventor has just been released.

- In his free newsletter you can see that he also uses the Ichimoku indicator.

- For his haDelta indicator I have written two indicators: one as an oscillator, the other as arrow signals. Because the author does not publish the exact formula, I've programmed quite a similar indicator.

A lot of fun.
Hey buddy, could you explain a little on how the ha delta and ha arrows work?
If it could give us better entries and exits, we could incorporate that into our method

Thanks for the indis buddy have loaded them up but unsure on usage though haha
A trader must be humble - else the market would humble him.
  • #48
  • Oct 25, 2011 10:58am Oct 25, 2011 10:58am
Quoting tenthman
I'm trying to follow Hedayat's line of reasoning...I want to know what he is trying to teach.

Instead of jumping in with a different system, why not start your own thread? Post your comment similar to the following:

"I have a slight twist to Hedayat's system and if you'd like to see it, go to [link]."

That's only being polite and respectful to Heydayat.
Just to be clear, I am NOT dissing the system or trying to derail the thread...so if Hey wants to stick to the original rules so will I.
  • #49
  • Oct 25, 2011 11:18am Oct 25, 2011 11:18am
Quoting 4exNinja
Just to be clear, I am NOT dissing the system or trying to derail the thread...so if Hey wants to stick to the original rules so will I.
The ichimoku looks interesting..hmm support resistance sure would be helpful!

Lol you guys changed my name totally!
A trader must be humble - else the market would humble him.
  • #50
  • Oct 25, 2011 11:35am Oct 25, 2011 11:35am
Quoting Hedayat SM
The ichimoku looks interesting..hmm support resistance sure would be helpful!

Lol you guys changed my name totally!
Ups, sorry for that, at work and alt-tabbing between this and work. Feel free to butcher my name too

Also, keep in mind that the HA candle guru uses other indicators as backup too...just a thought. I do agree that we should keep it as simple as possible though.

Got a busy week, but I'll test it with different combinations of indicators (TMA-Osc Histogram, PA MTF Synergy, Ichimoku, MAs) and see which one seems to work best. Read the Ichi link I posted if you're interested, it's a good, often underused system...sometimes it's scary how accurately it predicts support/resistance.
  • #51
  • Oct 25, 2011 11:41am Oct 25, 2011 11:41am
Quoting 4exNinja
Ups, sorry for that, at work and alt-tabbing between this and work. Feel free to butcher my name too

Also, keep in mind that the HA candle guru uses other indicators as backup too...just a thought. I do agree that we should keep it as simple as possible though.

Got a busy week, but I'll test it with different combinations of indicators (TMA-Osc Histogram, PA MTF Synergy, Ichimoku, MAs) and see which one seems to work best. Read the Ichi link I posted if you're interested, it's a good, often underused system...sometimes it's scary how accurately...
Hey buddy no problem man. Please take your time to respond - work is work and you may have a family to feed unlike me.

As for Ichimoku - wow what a powerful system - I read about it and finally understand the cloud better now - dynamic S/R - coolness!

As for timeframes, quick question, do you think it would have a better reward return for risk taken in H4? I did massive backtesting (visual) and see that H4 mints more pips (for more work) than D1. Besides, once we get an exit signal in D1, we often have to sacrifice 150-400 pips only for that confirmation candle - unlike H4! PIPs are pips man - we are all begging all around for them.

Please look through (all viewers) and post your comments on time frames and other ways to improve the system without making it too complicated or changing rules too much.

Thanks for the effort buddy - appreciate you doing all this amidst your work obligations!

Cheers!
A trader must be humble - else the market would humble him.
  • #52
  • Oct 25, 2011 1:54pm Oct 25, 2011 1:54pm
Quoting Hedayat SM
Hey buddy, could you explain a little on how the ha delta and ha arrows work?
If it could give us better entries and exits, we could incorporate that into our method

Thanks for the indis buddy have loaded them up but unsure on usage though haha
"haDelta" is in principle the candle body (I have taken an SMA (3)). It can be then smoothed with other two SMAs(3). The intersection of the lines indicate in general trend changes, and is an early indicator for stronger trends.
(More about is to read in Chapter 4 of the book.)
I can not give many explanations because the indicator is only three days old. I use the Arrows Indicator because the visualisation of the line crosses is better as to check this in the oscillator.
  • #53
  • Oct 25, 2011 2:29pm Oct 25, 2011 2:29pm
Just a warning! The indicators hase a little bug and dont refresh ... I fix it in the next time.
  • #54
  • Oct 25, 2011 3:15pm Oct 25, 2011 3:15pm
Quoting SwingMan
"haDelta" is in principle the candle body (I have taken an SMA (3)). It can be then smoothed with other two SMAs(3). The intersection of the lines indicate in general trend changes, and is an early indicator for stronger trends.
(More about is to read in Chapter 4 of the book.)
I can not give many explanations because the indicator is only three days old. I use the Arrows Indicator because the visualisation of the line crosses is better as to check this in the oscillator.
Nice going buddy! Will check the indis out in details - if it cn show trend strength - why not huh?

Anyhow, you do MQL coding? LoL! You know where I am going with this!
A trader must be humble - else the market would humble him.
  • #55
  • Oct 25, 2011 7:43pm Oct 25, 2011 7:43pm
Hi all Ihave attached a screen of ausd usd this template seems to work this shows gain of 166 pips
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 34 KB
  • #56
  • Oct 25, 2011 7:47pm Oct 25, 2011 7:47pm
That shows it a bit better first time I have posted a chart LOL
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 50 KB
  • #57
  • Oct 25, 2011 7:54pm Oct 25, 2011 7:54pm
Quoting Stumpy1
That shows it a bit better first time I have posted a chart LOL
I guess with the modified rules we are seeing more late entries with early exits? Frankly, earning that bits of pips for me on the daily chart does not look so good.

I prefer H4 charts - look at the beauty if you ride the H4 candles all the way until they are exhausted - pretty impressive on H4 seriously.

I really liked the idea of keeping it simple and entering on simple rules and exiting on simple rules - besides it does mint more pips! Lol..

Thanks for the post buddy! Keep the forward tests coming!
A trader must be humble - else the market would humble him.
  • #58
  • Oct 25, 2011 7:59pm Oct 25, 2011 7:59pm
Quoting rockballad
Many thanks to all of you!
I'm trading Gold (physical) and I need big TF like H4 to take profit (due to the big diff between bid/ask, say, about $5-$10/oz).
TA is new to me. I went wrong way because I didn't know about technical analysis.

Last week, I used HA and HA smoothed. But because I only pay attention to HA smoothed, so I was late to make an entry. I'll test your system and provide feedback soon.

Cheers.
Welcome buddy - the XAUUSD chart is looking sweet too! You should test the system on demo though to be comfortable!

Enjoy your gains!
A trader must be humble - else the market would humble him.
  • #59
  • Oct 25, 2011 7:59pm Oct 25, 2011 7:59pm
Quoting FiNaLWaR
ty for posting i will look at it later on tonight
Welcome buddy. Post back your results and comments.
A trader must be humble - else the market would humble him.
  • #60
  • Oct 25, 2011 8:07pm Oct 25, 2011 8:07pm
Hey everyone, I have used the heiken ashi before, glad to see I am not the only one. Cannot wait to see how this thread develops. I am taking it easy with trades this week, since the euro is just a shit show right now. But will be running this on demo to see how it works.
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