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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

  • #181
  • Nov 1, 2011 8:28am Nov 1, 2011 8:28am
could you post the indi MTF TMS-Osc (Synergy)

thanks
  • #182
  • Nov 1, 2011 8:37am Nov 1, 2011 8:37am
Quoting FiNaLWaR
could you post the indi MTF TMS-Osc (Synergy)

thanks
Will do once I get home from work
  • #183
  • Nov 1, 2011 10:18am Nov 1, 2011 10:18am
Quoting 4exNinja
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...
I have never been a big fan of fixed stop loss either, I normally end up with a fixed catastrophic SL just as a precaution in case the world ends lol and then use SteveHopwood MTMP to manage my open trades while I sleep.

Great piece of software Ill upload when I get home or you can just search the forum for it. Its nice since it will move your stoploss to break even once your x amount of pips in profit, and you can customize it to your hearts desire.
  • #184
  • Nov 1, 2011 10:40am Nov 1, 2011 10:40am
Thanks

Automating a lot of this will be my next goal once I'm done refining entries/exits.
  • #185
  • Edited 12:24pm Nov 1, 2011 12:11pm | Edited 12:24pm
Quoting FiNaLWaR
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
up at 672.50$ almost another 10% today !

scalping 1min ftw

btw i also watch alot the higher highs, higher low (and vice versa) to find the trend direction
  • #186
  • Nov 1, 2011 1:18pm Nov 1, 2011 1:18pm
you use this method for scalp in timeframe 1min ?
  • #187
  • Nov 1, 2011 1:28pm Nov 1, 2011 1:28pm
Quoting FiNaLWaR
up at 672.50$ almost another 10% today !

scalping 1min ftw

btw i also watch alot the higher highs, higher low (and vice versa) to find the trend direction
Nice one

I wiped out all my morning profits because once again I was a donkey and traded from my phone in between meetings. Kinda sucks taking a short term trade if you can't keep an eye on it for 2hrs
  • #188
  • Nov 1, 2011 1:42pm Nov 1, 2011 1:42pm
ninja have you an idee for out a position ? because inverse indicators isn t a good idea :/

And in TF30 i have a lot of fake signal (i developed an ea based on your system)
  • #189
  • Nov 1, 2011 2:14pm Nov 1, 2011 2:14pm
Quoting jhd
you use this method for scalp in timeframe 1min ?
Yes i will post later on example of trades with a chart

edit: up to 727$.
  • #190
  • Nov 1, 2011 2:31pm Nov 1, 2011 2:31pm
final war i am very interesting on scalp for this method. Currently i use it on TF30 but i dont know how code my ea to out position. Have you an idea ?
  • #191
  • Nov 1, 2011 2:57pm Nov 1, 2011 2:57pm
Nice going everyone. I see many of the esteemed people in this thread are gaining confidence in the system.

jhd: You developed an EA? great! Any intentions to share it for the benefit of all?

I think the stevehopwood position manager would be a wonderful idea to be using to manage SL positions - nice thinking there..am looking forward to it being uploaded.

This week has been a little slow for me (did not take all signals from my system) - simply because I cared too much about fundamentals as well as waiting for a major reversal to occur on the D1 charts - you know, follow the trend.

Great job in whole guys - love reading your posts at the end of the day!

EnjoY!
A trader must be humble - else the market would humble him.
  • #192
  • Nov 1, 2011 2:59pm Nov 1, 2011 2:59pm
Quoting FiNaLWaR
Yes i will post later on example of trades with a chart

edit: up to 727$.
Nice going there! Wanna share your scalping strategies buddy? Any additions to the original idea?

I guess you're the most successful trader in this thread for the system for now - good job mate!

If only you had scalped my 50K account - man!!! Lol!
A trader must be humble - else the market would humble him.
  • #193
  • Nov 1, 2011 3:40pm Nov 1, 2011 3:40pm
Hi all, really nice thread. I've taken a look through and had some ideas about helping to reduce fake moves. First I have changed the HA smoothed indie to show the HA smoothed as just one solid body without wicks, I believe this makes the chart clearer. Next I have added the quickdraw indie to draw lines at every round number. As a general rule of thumb don't trade into s/r, the best trades will always be away from the s/r level. This also gives you a logical place to put your stop loss, I use 20 pips above the last s/r level.

For exits with HA candles I always trail behind any wicks. If you look at a good HA trend you will notice the flat bottoms in an uptrend and flat tops in a downtrend. What this essentially means is that the mid point of the previous candle was not breached by the price of the current candle. When wicks appear on HA candles then you know the trend is either slowing down and about to reverse or at least taking a breather. I find trailing the stop down behind any wicks that form an effective way of maximising your gain. Sometimes you stay in the trade, sometimes the next candle gets you out. If the trade has gone a long way already and is approaching strong s/r I will move the stop loss to just above the open of the previous candle or even the current candle if I am keen to get out for the weekend or something.

I have attached a screen shot of a usdchf hourly trade taken this evening and the indicators I mentioned. I have used hourly as I find I am more comfortable trading that timeframe. I think any less would be too noisy and any bigger for me would be too long between trades, just a personal thing.

I hope some of this helps? Sorry I was late to the party, been busy trading :-)

By the way, on the quick draw indie I have added an option to alter the width of the lines in the inputs box.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf ha smoothed.gif Size: 16 KB
Attached File(s)
File Type: mq4 quick draw.mq4   2 KB | 1,587 downloads
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 1,965 downloads
  • #194
  • Nov 1, 2011 3:45pm Nov 1, 2011 3:45pm
Also I would like to clarify the original system rules if I can. You are entering when a candle CLOSES above or below the HA smoothed? Is that the case?
  • #195
  • Nov 1, 2011 3:49pm Nov 1, 2011 3:49pm
ok here is what i consider valid entries, yes some are losing trades, it's normal nothing is perfect.

i normally enter a high leverage trade and quit at least the first half in the at 10pips profit, the other half i just close it at reverse

edit: i use tms template but i dont check tdi at all

http://i.imgur.com/0oRbz.gif
  • #196
  • Nov 1, 2011 4:00pm Nov 1, 2011 4:00pm
Yes the ea will be share for free when i terminate it (on sunday i think)

finalwar could you gimme more detail please.
  • #197
  • Nov 1, 2011 4:03pm Nov 1, 2011 4:03pm
Quoting FiNaLWaR
ok here is what i consider valid entries, yes some are losing trades, it's normal nothing is perfect.

i normally enter a high leverage trade and quit at least the first half in the at 10pips profit, the other half i just close it at reverse

edit: i use tms template but i dont check tdi at all
Looking at it myself I like the idea of entering once a HA body closes above/below the HA smoothed. That way you know the trend in that direction has some strength.

Also if you are using the round number lines and a signal appears just the wrong side of it, ie you would be trading directly into s/r then just wait for a close above/below the s/r and then enter. Again, you have a good place to put your stop loss and increase your probability of a good trade.
  • #198
  • Nov 1, 2011 4:03pm Nov 1, 2011 4:03pm
Quoting Hugh Briss
Hi all, really nice thread. I've taken a look through and had some ideas about helping to reduce fake moves. First I have changed the HA smoothed indie to show the HA smoothed as just one solid body without wicks, I believe this makes the chart clearer. Next I have added the quickdraw indie to draw lines at every round number. As a general rule of thumb don't trade into s/r, the best trades will always be away from the s/r level. This also gives you a logical place to put your stop loss, I use 20 pips above the last s/r level.

For exits with HA...

i just switched to your complete wick smoothed ashi and my alerts (above) are almost always on the first or 2nd complete wick of that color, seem like a great tool

http://i.imgur.com/hA7rJ.gif
  • #199
  • Nov 1, 2011 4:06pm Nov 1, 2011 4:06pm
Quoting FiNaLWaR
i just switched to your complete wick smoothed ashi and my alerts (above) are almost always on the first or 2nd complete wick of that color, seem like a great tool
Yes, I think it makes the chart look cleaner and easier to use. When a normal HA closes the other side of the smoothed HA it is usually a fair signal. I definitely like it in conjunction with the round numbers as well.
  • #200
  • Nov 1, 2011 7:00pm Nov 1, 2011 7:00pm
Hey everybody here is the link to Steve's Multi-purpose trade management EA its a great piece of code that should help in managing open trades.

All the info you need is over at the thread:

http://www.forexfactory.com/showthread.php?t=89371
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