Follow the trend on high timeframes - The holy grail?

Quoting irampagemc

Disliked

what if you turn it into a weekly EA and add Trix indi to it. If fast trix changes it signals the end of a trend and by my count -- will save some lost $.

Ignored

//+------------------------------------------------------------------+
//|                                                         HA_W.mq4 |
//|                                                            jamb0 |
//|                                [url]http://www.forexfactory.com/jamb0[/url] |
//+------------------------------------------------------------------+
#property copyright "jamb0"
#property link      "[url]http://www.forexfactory.com/jamb0[/url]"
//---- buffers
double ExtMapBuffer1[32];
double ExtMapBuffer2[32];
double ExtMapBuffer3[32];
double ExtMapBuffer4[32];
//----
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//|------------------------------------------------------------------|
int init()
  {
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start()
  {
   double haOpen, haHigh, haLow, haClose, Op, Cl;
   static int tiket_buy, tiket_sell;
   static bool buy = false, sell = true;
   double price_sell, price_buy, SL, vol;
   static double vol_buy, vol_sell;
 
  if(DayOfWeek()==1)
 if(Hour()==0 && Minute()==1)
{
  int pos = 30;
   while(pos>=0)
     {
      haOpen=(ExtMapBuffer3[pos+1]+ExtMapBuffer4[pos+1])/2;
      haClose=(iOpen(NULL,PERIOD_W1,pos)+iHigh(NULL,PERIOD_W1,pos)+iLow(NULL,PERIOD_W1,pos)+iClose(NULL,PERIOD_W1,pos))/4;
      haHigh=MathMax(iHigh(NULL,PERIOD_W1,pos), MathMax(haOpen, haClose));
      haLow=MathMin(iLow(NULL,PERIOD_W1,pos), MathMin(haOpen, haClose));
      if (haOpen<haClose) 
        {
         ExtMapBuffer1[pos]=haLow;
         ExtMapBuffer2[pos]=haHigh;
        } 
      else
        {
         ExtMapBuffer1[pos]=haHigh;
         ExtMapBuffer2[pos]=haLow;
        } 
      ExtMapBuffer3[pos]=haOpen;
      ExtMapBuffer4[pos]=haClose;
     pos--;
     }
//----
      Op=ExtMapBuffer3[1];
      Cl=ExtMapBuffer4[1];
      vol = NormalizeDouble(AccountBalance()/10000,1);
      if(vol==0)
         vol=0.1;
 
      SL=0.02;
 
      price_sell= NormalizeDouble(Bid,Digits);
      price_buy= NormalizeDouble(Ask,Digits);
 
 
      if ((Op<Cl)&&(sell==true))//BUY
      {
         OrderClose(tiket_sell, vol_sell, price_buy, 50, Red);
         sell=false;
         vol_buy=vol;
         tiket_buy = OrderSend(Symbol(), OP_BUY, vol, price_buy, 50, price_buy-SL, 0, "BUY",10000,0,Green);
         buy=true;
      }          
      if ((Op>Cl)&&(buy==true))//SELL
      {
            OrderClose(tiket_buy, vol_buy, price_sell, 50, Green);
            buy=false;
            vol_sell=vol;
            tiket_sell = OrderSend(Symbol(), OP_SELL, vol, price_sell, 50, price_sell+SL, 0, "SELL",20000,0,Red);
            sell=true;
 
      }
}
   return(0);
  }

Quoting jeanlouie

Disliked

Glad to see your view on the Turtles has changed, keep it up..

Ignored

Quote

Disliked

Like the simplicity. What other indicators did you look at before landing on the heiken ashi? There are other indicators that smooth out volatility to a greater extent than the HA, like HMA, T3MA, heck even smoothed HA.

Quote

Disliked

As you're now looking at trend following, why don't you add pyramiding positions with moving stops to maximize returns on trends as is mentioned in the Complete Turtles book.

Quoting Hugh Briss

Disliked

I had a similar idea when I first started looking at heiken ashi candles and I believe it does work especially well on eurusd but how much patience would you need to trade a system like this on monthly charts?

Ignored

Quoting mer071898

Disliked

The other issue that is not figured into the backtesting is the swap. If you are holding trades for weeks or even months, how much are you losing in swap? Maybe an option is to have the EA only trade in the direction of the positive swap. In several of my longer term strategies, I recommend doing this and then you can place it on several high interest pairs (for example, anything with AUD in it), just a thought.

Ignored

Quoting jamb0

Disliked

but a few fellow traders from here show me the truth: if a market has trend, it is not random,

Ignored

Quoting Lonestar

Disliked

Did you not see the charts that someone posted in one of your other threads of a random chart and a real chart that showed clearly that both have trends?.

Ignored

Quote

Disliked

Does that mean that if a chart doesn't have a clear trend that it is random?

Quote

Disliked

What if a chart shows no clear trend and then starts trending? Was it random and then suddenly changed to not random?

Quote

Disliked

What if a higher timeframe chart shows not clear trend but on lower timeframes there are clear trends? Is randomness timeframe specific and/or dependent?