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Attachments: Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid
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Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid

  • #161
  • Oct 31, 2011 7:23pm Oct 31, 2011 7:23pm
Quoting 4exNinja
Meh, will be until towards the end of the week when I can summarize what I'm doing...too busy at work.

+92pips GBPUSD today...checked 8 charts in like 5min and found it before I had to head off to work
Nice going there chief.. Long?
A trader must be humble - else the market would humble him.
  • #162
  • Oct 31, 2011 7:24pm Oct 31, 2011 7:24pm
Quoting countpips
Many thanks Hedayat and others for contributions to this great system.

Hay anyone decided on a chop filter? I've been looking
at the Black Dog black arrow EMA 20 - EMA 100, which seems
to filter trades not taken in the trending direction.


Regards
Good job on getting to test a filter buddy. You mind posting some charts, details and possibly the indicator?

Thanks once again on the great effort pal!
A trader must be humble - else the market would humble him.
  • #163
  • Oct 31, 2011 7:25pm Oct 31, 2011 7:25pm
Quoting ba6a6y
Hi,

I want to make sure the following is the correct entry and exit? Thanks

[code]

long = iCustom(Symbol(),Period(),"Heiken_Ashi_Smoothed",1,0);
short = iCustom(Symbol(),Period(),"Heiken_Ashi_Smoothed",0,0);
long2 = iCustom(Symbol(),Period(),"Heiken Ashi",1,1);
short2 = iCustom(Symbol(),Period(),"Heiken Ashi",0,1);

if(long > short && long2 > short2 )
{
if(count(OP_BUY, magic) + count(OP_SELL, magic) < maxTrades)
{

OrderSend(Symbol(), OP_BUY, Lot, Ask, 0, 0, 0, "v1", magic, CLR_NONE);...
You coding an EA buddy? *Grins* yummy! Lol...sorry can't help you with that question as I am a programming idiot

Thanks buddy
A trader must be humble - else the market would humble him.
  • #164
  • Oct 31, 2011 7:29pm Oct 31, 2011 7:29pm
Quoting countpips
Here you go.



I changed all colors to blue, white and red. Stays the same
colors on all time frames.
Thanks for the contribution buddy!

Could you explain how the alert works?

Thanks once again
A trader must be humble - else the market would humble him.
  • #165
  • Oct 31, 2011 8:15pm Oct 31, 2011 8:15pm
Here is my latest chart its running both regular heiken ashi and heiken ashi smooth. I have a 8 and 36 SMA that was recommended by fighterdude which I am still deciding if I like or not. And at the bottom I am running a TDI to confirm my entrys and exits. The two red arrows show when both heiken ashi indis go long or short.

Attached Image (click to enlarge)
Click to Enlarge Name: both heiken.png Size: 42 KB


I want to look at getting an alert indicator so I can know when a chart is long or short. I know someone on the forum has a dashboard system that might work for this, so I will see how that works and let yall know.

And quick question what pairs are yall trying this on?
  • #166
  • Oct 31, 2011 9:00pm Oct 31, 2011 9:00pm
Sure. I haven't traded this system yet. Just kinda putting indicators and colors together based on your hybrid HA system. I'm using a 5 min chart for the examples in this post. I've been filtering back through the past and it looks pretty good. The Black Dog filter is just a ma cross alert with arrows, which does not repaint. When I get a down arrow from that indicator, then I would look for the next trade for only short setups (reverse for longs) and I don't use the Black Dog indicator itself as an entry signal.

When a short trade opportunity comes up (as an example) I would enter with the first magenta bar and when a blue bar shows up with a red bar on top, I'm looking at using that as a soft exit (might exit, might not - that's just a judgement call). But if a full blue bar appears by itself, then that is a hard exit signal to get out of the trade, either with a break-even, profit or loss.

I use the Heiken Ashi Kuskus indicator just to fill in the extra space, which gives it a cleaner and smoother look and I black out the top and bottom shadow bars on all the HA indicators. The Heiken Ashi Kuskus has the color problem though because it's an ex4 file (can't be altered). It will change back to red and white (which is a mute point if you like those colors).

This modification works on all time frames, just as your original setup.

Here's the charts and indicators (I use the HA indicators with normal settings)
The settings for the Black Dog indicator are EMA 20 and EMA 100.

Attachment

The indicator for the Heiken Ashi Smoothed Alert used in the red and white chart is below:
Attached Image (click to enlarge)
Click to Enlarge Name: 5 Min 1.jpg Size: 74 KB
Attached File(s)
File Type: mq4 MA crosses arrows_alerts-1.mq4   7 KB | 1,049 downloads
File Type: ex4 Heiken_Ashi_kuskus2.ex4   3 KB | 1,350 downloads
File Type: mq4 Heiken_Ashi_Smoothed_Alert.mq4   5 KB | 1,210 downloads
  • #167
  • Oct 31, 2011 9:12pm Oct 31, 2011 9:12pm
I am short EURUSD right now here is a screen shot:

Attached Image (click to enlarge)
Click to Enlarge Name: 10-31-2011 11-10-52 PM.png Size: 39 KB
  • #168
  • Oct 31, 2011 9:17pm Oct 31, 2011 9:17pm
Quoting countpips
Sure. I haven't traded this system yet. Just kinda putting indicators and colors together based on your hybrid HA system. I'm using a 5 min chart for the examples in this post. I've been filtering back through the past and it looks pretty good. The Black Dog filter is just a ma cross alert with arrows, which does not repaint. When I get a down arrow from that indicator, then I would look for the next trade for only short setups (reverse for longs) and I don't use the Black Dog indicator itself as an entry signal.

When a short trade opportunity...
Are you using this for pure scalp purposes? I like the idea I just cant be watching my monitor so much to trade off the 5 and 15 min charts.
  • #169
  • Oct 31, 2011 9:25pm Oct 31, 2011 9:25pm
Oops! forgot second chart:

Here's the second chart with the last Black Dog indicator arrow pointing down.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: 5 Min 2.jpg Size: 69 KB
  • #170
  • Oct 31, 2011 9:36pm Oct 31, 2011 9:36pm
Hi

Yea, for the most part in a scalp mode, as I'm only trade when I'm in
front of the monitor. It should work on all the time frames though.

Haven't included any alerts for this chart as of yet.

Regards
  • #171
  • Oct 31, 2011 9:51pm Oct 31, 2011 9:51pm
Sorry about the resolution. Better resolution with corrected blue bar.
Attached Image (click to enlarge)
Click to Enlarge Name: Better Res.jpg Size: 92 KB
  • #172
  • Oct 31, 2011 10:00pm Oct 31, 2011 10:00pm
Sorry guys, not sure if this has been asked but does the HA smoothed repaint?
  • #173
  • Oct 31, 2011 10:04pm Oct 31, 2011 10:04pm
Quoting countpips
Hi

Yea, for the most part in a scalp mode, as I'm only trade when I'm in
front of the monitor. It should work on all the time frames though.

Haven't included any alerts for this chart as of yet.

Regards
Ill give it a try tomorrow, I am busy working on some stuff tonight. I mainly use 4H and Daily so Ill see how I like the different colors and indi.
  • #174
  • Oct 31, 2011 10:19pm Oct 31, 2011 10:19pm
Quoting Hedayat SM
Nice!!! Wow..how big is your account?!! Equity must be looking sweet!! Post back some charts and trade results will ya! lol have a great one buddy!
it's a simple 500$ deposit but it's now at 624.20$

used etoro so i could have made alot more because of the 3 pips spread
  • #175
  • Oct 31, 2011 10:54pm Oct 31, 2011 10:54pm
Hi Davlo

No, it doesn't.

Regards
  • #176
  • Oct 31, 2011 11:15pm Oct 31, 2011 11:15pm
thanks Countpips, i appreciate the response

Quoting countpips
Hi Davlo

No, it doesn't.

Regards
  • #177
  • Nov 1, 2011 12:34am Nov 1, 2011 12:34am
Im having tremendous success with this method.

Yesterday scored 100 pips with EUR/CAD.

Today scored 100 pips with EUR/USD.

Have an open USD/CHF trade at +30 pips.

Heres yesterday's EUR/CAD trade:


Entry: MA lines open, downtrend, TMS-OST all red, entered (for some reason the h1 is showing black in the chart below but it was all red when i entered)
Exit: I took 100 pips and ran with it. Of course i was monitoring for any reversals/retracements.
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.jpg Size: 182 KB
  • #178
  • Edited 2:53am Nov 1, 2011 1:58am | Edited 2:53am
Quoting Hedayat SM
Nice going there chief.. Long?
Yup

Used the smoothed HA candles, Synergy MTF Price Action, Synergy TDI, Synergy MTF TMS-Osc, a 5EMA, and a 5WMA for confirmation. Everything lined up nicely.

I think key will be not to overtrade. Most trades on the 4hr result in 50pips+, so there really is no need to trade when things don't line up. I wish there was a quick way to browse all currency pairs without having to "open new chart", and then "apply template", and "pick TF" every single time. Major flaw in MT4, Oanda's software seems a lot better...no custom indicators though

Also up around 30pips shorting EURUSD this morning...was above 50pips but there's a minor retractment now. I still think shorting the Euro is the only sensible thing right now given fundamentals...

Snatched up another 80pips+ over night shorting AUDGBP because I had a feeling their national bank will cut rates. All indicators lined up nicely 3-4hrs before the news announcement.

By the way, there's 9 people who voted "against" the system. I'm just curious as to why? Could you let us know why you believe this system won't work? Just curious because in the few trades I made, it showed very promising results.
  • #179
  • Nov 1, 2011 3:05am Nov 1, 2011 3:05am
Still waiting patiently for your free time for those additional indicators and the ones that are supposed to be working but arent. Just curious, do you follow Hedayat's method of a 100 pips as a SL or do you have your own? I tend to think 60 pips is enough.

Quoting 4exNinja
I wish there was a quick way to browse all currency pairs without having to "open new chart", and then "apply template", and "pick TF" every single time. Major flaw in MT4, Oanda's software seems a lot better...no custom indicators though
I think a faster way would be to save these templates as a different profiles so when theres a need to switch templates (maybe 10-15 charts), u can load up a different set of templates (another 10-15 charts) with just 2 clicks.
  • #180
  • Edited 6:36am Nov 1, 2011 3:43am | Edited 6:36am
Quoting FrostPrime
Still waiting patiently for your free time for those additional indicators and the ones that are supposed to be working but arent. Just curious, do you follow Hedayat's method of a 100 pips as a SL or do you have your own? I tend to think 60 pips is enough.



I think a faster way would be to save these templates as a different profiles so when theres a need to switch templates (maybe 10-15 charts), u can load up a different set of templates (another 10-15 charts) with just 2 clicks.

Thanks for the profile tip, completely forgot about that...will make my life A LOT easier!

As for stop losses, I use 5 different exit strategies:

1) Indicators show a reversal.
2) Major support/resistance levels.
3) 5 EMA or 5 WMA (depending on whether I'm short/long)
4) ATR of the last 1-3 candles (depending on strength of movement)
5) Kijun Sen results in fairly large SL, but seems to work great as an "emergency stop"

Personally, I'm not a fan of fixed stop losses, so I generally move my SL to break even once I'm 30-40 pips up, and will use a trailing stop after that. Most of the time, I close trades manually though. I'm also not a fan of fixed profit taking strategies since I like riding a trend as long as I can...

I'll upload a revised template once I had a bit more time to refine that strategy.

Current indicators:

1) HA & Smoothed HA
2) MTF TMS-Osc (Synergy)
3) TDI (Synergy too because it shows flexible upper and lower bands)
4) 5 EMA (shifted 2, HLC/3) and 5 WMA (linear weighted, no shift, close)
5) MTF Price Action (Synergy)
6) MTF TMS-Osc

In short, I'm mixing the elements of Synergy with the HA approach. Seems to work great so far, just need to refine my entry/exit rules.
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