$hah 210 (Finally touch points)

When you decrease the number of candles you may miss several touch point levels

guys when i drop the $hah+ touch point on the charts when it is going to a new candle forms, my platform will freeze for 3-4 seconds then run again.

so if i put this indic on m1 chart we have 3-4 seconds freeze for each 1 minute but for ex , 1 hour chart 4-5 seconds freeze it is not much per hour !

i have posted a mq4 format of $hah touch point . is there anyone who can develop the codings better ?!

Shahrooz,

When you´ve created this thread you clicked the 'Yes! post a poll' checkbox at the bottom of the page.
You may also want to specify a time limit for the poll, so that (for example) it only stays open for voting for a week. Maybe if you change this time limit....

Bye

Before going to post anything about the rules, It is better now, to make things clear about touch point indicator.


Please read these two posts very carefully. then if you have enough informations about the last posts we can start trading with the $hah 210.



As you have definitely noticed, touch point levels are formed in different time frames and all of them are valid. but there are priorities among them. it is much more clear than a sunny day that higher time frame are prior to the lower ones. I have already talked enough about these priority levels in post #104

http://www.forexfactory.com/showthre...38#post5335138


but let’s go over this in brief again.


How we group these levels are based on 3 categories.


1-Market Nostalgia: if a level has not touched for a time market has more tendency to kiss it as soon as possible.


2-Number of Market and Price Rendezvous: if a level has more meeting with the market,(the level was touched more) It is a better known zone for the market and the market TRUST this level more.


3-Higher time Frame Priority: Obvious


The coding of $hah touch point indicator is based on these priorities. For making it simple, it was tried to make them in three groups.


1-High time frames (Monthly, Weekly and Daily)


2-Medium time frame (H4, H1 and M30)


3-Low time frames (M15, M5 and M1) << this one has not posted yet.

But how should we use this lazy indicator:




Guys it depends to your money management and risk management strategies.


What ?!?!?!


Be patient for a while and everything becomes clear.

First of all we should all know that we cannot predict the market but we can study her behaviors.(I believe market is heaven girl LOL )

The nostalgic levels are stronger than the others and there is no difference on which time frame they appeared for example if we have a nostalgic level of M1 and nostalgic level of Monthly close each other they have both equal strength.


But for the levels which are called TOPO (Touch Point) there ARE priorities between them.


And what is these priorities :


1-if we have two close same time frame TOPO level the one with more numbers of dates is more valuable(the one which has been touched more )


2-if we have two close different time frame TOPO level, the one with the higher time frame is prior (in case of close TOPO levels and different time frames both levels are almost equal in numbers of dates.)

(To be Continued)

When you want to use $hah touch Point :


First of all please drop them on charts as the time frame priority


1-monthly, weekly, daily
2-H4, H1, M30
3-M15, M5, M1


When you use these three Indic together it is obvious you have a fully crowded lines . Perhaps it causes you to be confused.

So I will make a suggestion for you to avoid confusing.


Use the chart of a current time frame with the same and higher time frame touch point levels NOT lower ones. For example if you want to trade on H1 just use (Monthly, weekly, Daily, H4 and H1). It causes missing some Touch Point level but at least you won’t die of getting confused.


But how should we set this heavy lazy Indic use?!


As Pic shown in post # 187 we have 5 different factors to handle this indicator:


ZigZagDepth :
As you surely have noticed this indicator is based on the cute indicator ZigZag. and as I said before, This Factor, to find the best modeled fractals and tuning points MUST be set to 10.
Refer to post #98
http://www.forexfactory.com/showthre...69#post5331969


candles :
it is the number of the candles in which we are going to find turning points and fractal shapes .
As it is clear, the more the number of the candles, the more Touch point levels.
It is the number of the candles on the current time frame chart!
For higher time frames or lower time frames , if there is enough candles it calculate as the number of candles which we assigned ,if enough history isn’t on the chart, it uses the present candles on the chart at the desired time frame.

Deviation:
To keep the indic both trustable and light enough we use this factor and what it does is simple. If two TOPO level (touch point level) in same timeframe, are as the amount of Deviation in pips close to each other the one with the fewer market meeting will be deleted.
So ay we make the range of deviation higher we have fewer levels on our charts and Vice-Versa.

Nostalgia Deviation:
It works just Deviation But it does the same work among nostalgia levels in a same time frame not TOPO levels.( if we set it to zero it is better , because nostalgic levels are always valid even in close ranges).

Tf_deviation :
As its name says, it does the same works like the two last factors but this time among two TOPO levels for different time frames. If two TOPO levels with different time frame appear next to each others as the amount of tf_deviation in pips .the one with the fewer time frame will be deleted.

Thx , Seems i should wait for the week to get end.

$hah Touch Point Set up box

Guys please read these posts very carefully especially the guys who have fewer experience . they are all real important infos to use this system.

Post # 1 – 14 – 15 -18 – 29 – 36 – 39- 44 – 49 – 54 -59-62-65-67-86-90-98-104-106-107-108-113-133-142-175-184-185


I suggest after publishing the rules we send all of our trades using this system
For mine, i will post my statements either.

Before anything please make sure you have fully studied the posts mentioned in post # 188.




I won’t guarantee anything, if you use this or any indic or method posted in this thread the risk is on your own.


Before trading real please make sure you have tested this ravie on a demo account and you have gained good pips with it.


During the trading please follow just to your rule. No emotion allowed. no matter what happens just stick to the rule.


It is better not to trade during news.


It is highly recommended try to use triangulation breaking to filter the market noises. I TRY to do it by my eyes because when scalping drawing triangles, takes your time.


For now ,before fully development of the $hah Touch Point indic, I will drop these indic on my chart and then remove them ( the levels will stay after removing indic by this two versions which I will post with the name at the last * for trade) it causes we get higher speed on our platforms , just pay attention to update them sometimes.


This system has looser positions too. You should be ready for them and try to decrease them.

THIS IS A Multi Time Frame system.

This system needs good information about FX, Platform.
We should be sharp enough in FX and this is not excepted for this system too!

What we use in this Ravie :

$hah Oscillator + or $hah +
ZigZag
$hah Touch Point (different timeframes)
Triangulations
Candle Patterns

Money Management:


Never invest in a trade more than what you effort to lose!
A good money management can make you a multi millionaire and a bad one can easily … your packet .


Mine, For each 100$ in my account, I take 1 micro lot position. If i have a 10k account I take 100 micro lot equal to 1 lot !


Take profit and stop loss:


Take Profit = TOPO levels or Nostalgia levels , If they are too far from what I expect from the position I will Break even or trail stop the position.
Attention: we have always lots of option for our Take Profits and taking these levels is based on priorities of touch point levels and your expectation of the position.


Stop Loss=According to our money management we can put it on the last high or low or equal or twice the tp range.
Highly recommend to use Stop loss, although usually we exit our looser positions before hitting the stop loss.


Pairs: All
Time Frame: ALL

Attention : based on the time frame we want to trade on it is better to have logical MTF Selection.


M1/M5 – M5/M15/M30 – M15/M30/H1 – M30/H1/H4 – H4/D1 – D1/W1/(Monthly)


If it is a three MTF, I call it 3MTF like M15/M30/H1
And if it is a two MTF, I call it 2MTF like M1/M5


Note that we take positions after closing of a candle and at the opening of next candle (not during candles)


Long Entry signal:

1-
If 2MTF : both first and second $hah Oscillator + should be Green and they both should be more than the previous amount.
If 3MTF: first and second $hah Oscillator + should be Green and the third one should not be red!
all the 3 MTF $hah Oscillator should be more than the previous amounts.

2-A healthy Body Bullish candle has appeared.

3-Good candle Patterns appearance (not necessary)

4-A supposed triangle should have been broken to upside.

5-the length of the candle should not be more than we except to earn pips of the current position.

Points on long:

if the indicator has signaled us very late (2-3 candles later than a broken supposed triangle) that positions should not be taken or with a smaller take profit.

Engulfing patterns are the best patterns


Short Entry signal:

1-
If 2MTF : both first and second $hah Oscillator + should be Red and they both should be less than the previous amount.
If 3MTF: first and second $hah Oscillator + should be Red and the third one should not be green!
all the 3 MTF $hah Oscillator should be less than the previous amounts.

2-A healthy Body Bearish candle has appeared.

3-Good candle Patterns appearance (not necessary)

4-A supposed triangle should have been broken to downside.

5-the length of the candle should not be more than we except to earn pips of the current position

Points on short:

if the indicator has signaled us very late (2-3 candles later than a broken supposed triangle) that position should not be taken or with a smaller take profit.
Engulfing patterns are the best patterns


Exit Signals:


1-TOPO or Nostalgia levels reached.

2-reverse candle patterns appearance

3-a new forming triangle appear

4-in short positions :

If 2MTF : both first and second $hah Oscillator + should be Green and they both should be more than the previous amount.
If 3MTF: first and second $hah Oscillator + should be Green and the third one should not be red!
all the 3 MTF $hah Oscillator should be more than the previous amounts.

In long positions :

If 2MTF : both first and second $hah Oscillator + should be Red and they both should be less than the previous amount.
If 3MTF: first and second $hah Oscillator + should be Red and the third one should not be green!
all the 3 MTF $hah Oscillator should be less than the previous amounts.


Attached, there are some entry position signals I have taken, shown.

For better monitoring I have removed Touch point levels of the chart.

And this is all the indicators you need

wish luck

Shahrooz

I'm using this indi (i have only ex4) as filter, it shows me trend and doesn't repaint! ! ! In combination with shah+ works perfectly for me :-)

Shahrooz, you gave us a lot of information, we have to "digest" it, so you probably won't get any feedback immediately.

Shahrooz, once again thank you very much for your time and efforts, for this great system, for your patience and for you being such a nice guy!

hi there.


if you can find the mq4 format it is a great help.
this one , in my opinion, signals too late.

Shahrooz

don't mention it,

hope we all progress together.

Dear Friends

Please ASK your question about the system just on the thread not through private messaging .I will answer them all i if I can even in private messaging , but perhaps your question is another one question , when his or her problem would be solved with your question and every one else can read the answers and questions.

one of the biggest problem for all is how to distinguish the triangles :

Yeah friends , i know this is the hardest point of the system but for filtering the signals i know nothing better than these triangles. ! and what it needs to be fully solved is practice and practice and practice.

Suggestion :

If you are not easy with trend line trading ,channel trading or triangle trading, I demand anyone if he or she uses any indicator or sth similar to combine with the system and he or she thinks it works, don't doubt to share it here with the others.Like the work Forex Girl or
Pipinek did.

any improvement in the system is welcome , and there is no problem for me to post it here.even a better system may rise up !

I forgot to say

When i had not enough skills about triangulation. I tried several indicators (leading or lagging) some were disaster with the system , some were bad , some were so so and a couple seemed nice.

On of the best ones is the combination of Stochastic and QQE

If any one cares , Just tell me to describe that.

But t is highly recommended to use triangulation

Shahrooz, I'll do my best to master the triangulation and I'm sure I will master it in a little while, but Stochastic is one of my favorite indicators, and I'm also very interested in QQE, last year I started gathering QQE info and the more I look at the QQE the more promising it looks.

So I would really appreciate if you share your Stochastic/QQE "filtering" method when you have some spare time.

Today EURUSD m5

Gained pips : +131

Lost Pips : -46

just on M5 EURUSD +85 pips net profit

Good luck

Today CadChf M30

2 Pos

Gained Pips : +40
Lost Pips = 0

Today USDCAD M30


2 pos

Gained pips : +30

1 pos still open let see what happens