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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

  • #201
  • Nov 1, 2011 7:02pm Nov 1, 2011 7:02pm
Found this on another forum; here is the setup.

Use 1:4 or 1:6 ratio.
Example: 1:6 ratio: Trade 5 min chart then set up trend line on 30 min chart.
Example: 1:6 ratio: Trade H4 chart then set up trend line on day chart.

Draw 4 lines:

240/Weighted High Blue
240/Weighted Low Blue
60/Smoothed High Magenta
60Smoothed Low Magenta

Price line below enter short trades.
Price line above enter long trades.

Example Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: Trend Line.jpg Size: 59 KB
  • #202
  • Nov 1, 2011 7:08pm Nov 1, 2011 7:08pm
Quoting countpips
Found this on another forum; here is the setup.

Use 1:4 or 1:6 ratio.
Example: 1:6 ratio: Trade 5 min chart then set up trend line on 30 min chart.
Example: 1:6 ratio: Trade H4 chart then set up trend line on day chart.

Draw 4 lines:

240/Weighted High Blue
240/Weighted Low Blue
60/Smoothed High Magenta
60Smoothed Low Magenta

Price line below enter short trades.
Price line above enter long trades.

Example Chart:
why are you posting this here?
  • #203
  • Nov 1, 2011 7:28pm Nov 1, 2011 7:28pm
1min scalp
1- i enter because of the smoothed ashi color reversal (blue) with a strong move from the regular ashi.
2- smoothed ashi color reversal (purple) but the move of the regular ashi is not strong enough, make sure to always wait for the close of the candle before making/exit a trade.
3- smoothed ashi reversal (blue) uptrend continue, and i quit with a 20 pips profit


edit: does anybody have a good timer ? (to know when candle closes)


http://i.imgur.com/j6b2X.gif
  • #204
  • Nov 1, 2011 8:01pm Nov 1, 2011 8:01pm
Quoting Hugh Briss
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.
Thanks for some clear & simple charts with explanations. This thread almost lost me when posts re. coding, EAs, etc. started appearing as I am a complete boob about computers, much less coding. I also don't see the value of the MAs as they mimmick the candle action anyway. They do show the spread between the two as appearing stronger than between the two sets of candles but I like cleaner charts. Thanks Hugh, great posts. p.
  • #205
  • Nov 1, 2011 8:06pm Nov 1, 2011 8:06pm
trade 2 and 3

[ Trade 2 ]
short at red vertical line it was the first strong regular ashi with a smoothed ashi color reversal
was looking for 10-15 pips, did not reach, i closed at horizontal red line (when i entered trade 3 (green)) losing 1 pip

[ Trade 3 ]
at the vertical green line, i took a trade long because i consider it a strong regular ashi in a color reversal smoothed ashi, closed 16 pips in profit, it actually rallied 15 pips more. first time i trade on tokyo so i was looking at small TP.
http://i.imgur.com/LRpqq.gif
  • #206
  • Nov 1, 2011 11:54pm Nov 1, 2011 11:54pm
edit: does anybody have a good timer ? (to know when candle closes)
Attached File(s)
File Type: mq4 P4L CandleTime.mq4   16 KB | 746 downloads
File Type: mq4 New_Candle_Alarm.mq4   1 KB | 804 downloads
  • #207
  • Nov 2, 2011 12:25am Nov 2, 2011 12:25am
Quoting Hugh Briss
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.
Hey chief! Yup great idea - that was the original idea of the thread actually - to open a trade when the HA default closes above or below the HA smooth - with a tiny space between them.

About the round number lines, sure will try them out - as I know for a fact it has psychological implications for many big traders - good idea buddy!

Thanks for all the inputs
A trader must be humble - else the market would humble him.
  • #208
  • Nov 2, 2011 12:28am Nov 2, 2011 12:28am
Quoting gustav213
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

That should do the work of breakeven stop losses when I am out! Thanks chief!
A trader must be humble - else the market would humble him.
  • #209
  • Nov 2, 2011 12:33am Nov 2, 2011 12:33am
Quoting jhd
Yes the ea will be share for free when i terminate it (on sunday i think)

finalwar could you gimme more detail please.
Nice work buddy! How does the results look so far?

Anyhow, if you could, could you also add the option to allow trades to be taken only if another TF agrees? E.g - say D1 is set as the secondary TF, then when taking trades on H1 (where we presumably put the EA to work on), and D1 shows long candle of HA smooth, then the EA would only take long positions on H1 - short positions being ignored. This could eliminate further fake moves! Thanks buddy!
A trader must be humble - else the market would humble him.
  • #210
  • Nov 2, 2011 6:26am Nov 2, 2011 6:26am
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...
Hello,

What settings are you using for the HA smoothed kuskus etc?

Could you post the template for the chart please?

Thanks,
  • #211
  • Nov 2, 2011 10:48am Nov 2, 2011 10:48am
Quoting FiNaLWaR
trade 2 and 3

[ Trade 2 ]
short at red vertical line it was the first strong regular ashi with a smoothed ashi color reversal
was looking for 10-15 pips, did not reach, i closed at horizontal red line (when i entered trade 3 (green)) losing 1 pip

[ Trade 3 ]
at the vertical green line, i took a trade long because i consider it a strong regular ashi in a color reversal smoothed ashi, closed 16 pips in profit, it actually rallied 15 pips more. first time i trade on tokyo so i was looking at small TP.
http://i.imgur.com/LRpqq.gif...
how has your trading been today?
  • #212
  • Nov 2, 2011 11:15am Nov 2, 2011 11:15am
Quoting smash85
how has your trading been today?
i did not trade yet.

i am currently looking at the 5min tf, doing some back testing to try identify most moves and to calculate a average pips per move i could use as a tp.

unfortunately its not aways easy to trade 1 min tf while at work. seriously all tf work with this smoothed thing i dont know why but i find it pretty interesting.
  • #213
  • Nov 2, 2011 11:30am Nov 2, 2011 11:30am
thatīs true.

How many days have you been trading 1m tf? 2 days?
  • #214
  • Nov 2, 2011 11:56am Nov 2, 2011 11:56am
Quoting smash85
thatīs true.

How many days have you been trading 1m tf? 2 days?
3 days
  • #215
  • Nov 2, 2011 12:11pm Nov 2, 2011 12:11pm
i was playing a bit with my settings on 5min tf, i accidentally removed the regular ashi it seems that we could only play the smoothed ashi reversal and make money ill look into in further
  • #216
  • Nov 2, 2011 1:27pm Nov 2, 2011 1:27pm
Quoting FiNaLWaR
i was playing a bit with my settings on 5min tf, i accidentally removed the regular ashi it seems that we could only play the smoothed ashi reversal and make money ill look into in further
Thats the current system I am working on and testing live too
A trader must be humble - else the market would humble him.
  • #217
  • Edited 2:28pm Nov 2, 2011 1:48pm | Edited 2:28pm
Quoting Hedayat SM
Thats the current system I am working on and testing live too
if it really works i guess i would be easy to code a EA to enter/quit trades on color change

made a quick 10 pips on 5min tf using only the smoothed ha color change

edit: another 10 pips on color change
  • #218
  • Nov 2, 2011 1:55pm Nov 2, 2011 1:55pm
FinalWar i develop it for you for free check your mails
  • #219
  • Nov 2, 2011 3:42pm Nov 2, 2011 3:42pm
Quoting FiNaLWaR
if it really works i guess i would be easy to code a EA to enter/quit trades on color change

made a quick 10 pips on 5min tf using only the smoothed ha color change

edit: another 10 pips on color change
The current version I am experimenting live with 0.5 lots is as follows;

Distinguish D1 trend - blue, long - red, short.

With that, lets take for example D1 trend is blue on a pair X.

As such, only LONG trades would be taken on this pair but with crosses of a closed candle in the same direction (1 candle before is opposite colour - fresh cross) as D1. So all long crosses on say a preset TF like H1 or H4 will be taken on this pair follow D1 trend - very simple trend following method.

TP is either wait until the reverse cross occurs or a preset TP that you're comfortable with - this way you would exit the trend halfway though.

Could you code an EA alongside such rules? following the D1 trend gives much less fake trades and only taking high profitability trades.

Thank you ma man!
A trader must be humble - else the market would humble him.
  • #220
  • Nov 2, 2011 3:44pm Nov 2, 2011 3:44pm
Quoting jhd
FinalWar i develop it for you for free check your mails
Could you send me a copy brother? the Mail is [email protected] (this email is the one which does not get junk mail so I could spot your email easily)

Thanks bro!
A trader must be humble - else the market would humble him.
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