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Swing trading with heiken ashi and stochs

  • #861
  • Apr 9, 2012 2:41pm Apr 9, 2012 2:41pm
Quoting basilc
Hi Hugh,

How does one actually change the 8 colours? I can't seem to find the 'Normal Drop List that you mention!

Best.

basilc
What I mean by the "normal drop down list" is the range of standard colours on mt4. Add a moving average to a chart and change the colour, you'll find the list I mean. To change the colour on the heiken ashi candles just find the 8 places in the code where the colours are mentioned and just change those to the colours you want. Once you've done this the colours will stay the same every time you add heiken ashi to a chart, saves a lot of time.
  • #862
  • Apr 10, 2012 10:15am Apr 10, 2012 10:15am
Quoting Hugh Briss
Hi, thanks for your post. I've never heard of or used hadelta but a quick search of the site came up with the following two. Put them in your experts/indicators folder, restart metatrader and you should be able to insert them. No idea what they do though. From my point of view you can use whatever extra indicators you feel comfortable with if you think they are giving you information that is useful to you when taking trades. I firmly believe that the system is workable using just 1 sma, heiken ashi candles and the stochastics but if you prefer a...
Many thanks for your reply. Will see how I get on!
  • #863
  • Edited 1:44pm Apr 10, 2012 1:31pm | Edited 1:44pm
Ive taken a long trade on EUR/AUD

Upward Bullish Channel, Break of downward 4HR Trend, Bull Crown Formation, 4HR Upward Cross on Stochastics, EMA now curving upward slightly after downward 4HR retrace.

Long @ 1.2755

Stop @ 1.2700

http://i899.photobucket.com/albums/a...nuk/swing1.jpg

Lets see how this goes
  • #864
  • Apr 11, 2012 12:18am Apr 11, 2012 12:18am
Quoting MrBurns
Ive taken a long trade on EUR/AUD

Upward Bullish Channel, Break of downward 4HR Trend, Bull Crown Formation, 4HR Upward Cross on Stochastics, EMA now curving upward slightly after downward 4HR retrace.

Long @ 1.2755

Stop @ 1.2700

Lets see how this goes
It could work out but the stochs are quite high already.
  • #865
  • Apr 12, 2012 2:22am Apr 12, 2012 2:22am
On my other thread I mentioned a method I am looking into to improve our trading. The same thing would apply to this method and maybe even more so. As it happens both methods I have posted are just ways to trade with the trend and both do similar but slightly different things. What I am looking into is using a higher timeframe to dictate the direction on a lower timeframe. As I am finding 4 hour charts best to trade at the moment I have been concentrating on those. An example of what I am thinking about is audusd recently. There was a nice smooth stoch cross on the weekly and the price trended down for a number of weeks. This smooth trend on the weekly chart translated to the lovely 4 hour channel which was very easily tradeable for more or less any trend following system. So, what I am proposing is to trade the 4 hour chart in the direction of the weekly stochs. Obviously the same 100 sma rules apply. My feeling is that if the price is going to trend on the 4 hour chart it will have to make a move on the weekly chart. Other timeframes would work too but I will personally concentrate on those.

The two shots below show audusd. First one is weekly, smooth stoch cross. Don't worry about the direction of the 100 sma on the higher timeframe, because we're trading the trend on the lower timeframe it's ok to trade counter to the higher timeframe trend. Second chart is 4 hour. As the trend developed it gave multiple entry signals according to the rules and the majority of them would have been profitable with only a couple of small losses.

This is the kind of setup I will be looking for. At the moment eurusd, yen pairs, eurnzd and nzdcad all look interesting, just waiting for a clear trend and a clear signal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd weekly.gif Size: 24 KB
Click to Enlarge Name: audusd 4 hour.gif Size: 35 KB
  • #866
  • Edited 7:29am Apr 15, 2012 7:25am | Edited 7:29am
I like your reasoning Hugh and if I understand what you're proposing, should one hold fire until the Weekly Stoch bottoms out on the AUDUSD before looking for Long signals on the 4Hr Chart?
  • #867
  • Apr 15, 2012 7:30am Apr 15, 2012 7:30am
Quoting basilc
I like your reasoning Hugh and if I understand what you're proposing, should one hold fire until the Weekly Stoch bottoms out before looking for Long signals on the 4Hr Chart?
Yes, now that the weekly stochs are oversold on the weekly chart we wait for a clear turn and ha change in the other direction before we start watching the 4 hour chart for a developing up trend.
  • #868
  • Apr 18, 2012 1:10am Apr 18, 2012 1:10am
Quoting Hugh Briss
On my other thread I mentioned a method I am looking into to improve our trading. ....
Hi Briss!
My 5 cents to improve your wonderful strategy!
Look at the picture:
Attached Image (click to enlarge)
Click to Enlarge Name: ej swing h4.gif Size: 17 KB

Now we can see everything what we need at the one screen.
Also we can get good profit targets from SupDem levels.
Tpl and indi files are attached also.
Wait for your comments!
Attached File(s)
File Type: zip Swing.zip   70 KB | 1,376 downloads
Everything is possible!!! Step by Step...
  • #869
  • Apr 18, 2012 2:17am Apr 18, 2012 2:17am
Quoting DmitryFX
Hi Briss!
My 5 cents to improve your wonderful strategy!
Look at the picture:
Attachment
Now we can see everything what we need at the one screen.
Also we can get good profit targets from SupDem levels.
Tpl and indi files are attached also.
Wait for your comments!
Attachment
Thank you very much indeed, that is completely awesome!
  • #870
  • Apr 18, 2012 3:07am Apr 18, 2012 3:07am
Quoting Hugh Briss
Thank you very much indeed, that is completely awesome!
Hope so Give me your feedback later please!
Everything is possible!!! Step by Step...
  • #871
  • Apr 18, 2012 3:57am Apr 18, 2012 3:57am
many thanks! awesome indicators!
  • #872
  • Apr 18, 2012 4:43am Apr 18, 2012 4:43am
Sorry guys! The problem with template. Here is it:
Attached File(s)
File Type: tpl Swing_HA_SD_STOCHx2.tpl   10 KB | 701 downloads
Everything is possible!!! Step by Step...
  • #873
  • Apr 18, 2012 5:23am Apr 18, 2012 5:23am
Quoting DmitryFX
Hi Briss!
Also we can get good profit targets from SupDem levels.
Tpl and indi files are attached also.
Wait for your comments!
Attachment
In case someone needs the source file: SupDem.mq4
Attached File(s)
File Type: mq4 SupDem.mq4   10 KB | 1,240 downloads
Money is important, Love is essential.
  • #874
  • Apr 18, 2012 6:54am Apr 18, 2012 6:54am
Hello,

First of thank you to Hugh for sharing - I like what I see .....

And thank you to Dmirty for the great template.

I was just wondering if you might give a brief explanation on how to read the Red and Blue boxes that appear on the chart (S and R ?)

Thank you
Drzeep.
  • #875
  • Apr 18, 2012 7:08am Apr 18, 2012 7:08am
Quoting drzeepfx
Hello,

First of thank you to Hugh for sharing - I like what I see .....

And thank you to Dmirty for the great template.

I was just wondering if you might give a brief explanation on how to read the Red and Blue boxes that appear on the chart (S and R ?)

Thank you
Drzeep.
Try to use "search": Supply and Demand levels
Everything is possible!!! Step by Step...
  • #876
  • Edited 7:31pm Apr 18, 2012 2:29pm | Edited 7:31pm
usd jpy lookin good, although gotta keep an eye on the chart for this afternoons JPY news

*scratch that, looks like we're gonna be going up for a lil longer
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 86 KB
  • #877
  • Apr 20, 2012 8:16am Apr 20, 2012 8:16am
Waiting for GBP/USD to turn down - It looks due for at least a FIB-like correction- Monday? Any thoughts ? What pair are you is you favorite for this system ?
  • #878
  • Apr 20, 2012 10:12am Apr 20, 2012 10:12am
Quoting drzeepfx
Waiting for GBP/USD to turn down - It looks due for at least a FIB-like correction- Monday? Any thoughts ? What pair are you is you favorite for this system ?
you may be right about the possibility for a correction but per rules of this thread the current price action is above the 100 SMA and trending up

consider it a counter trend trade that would need to be managed carefully
  • #879
  • Apr 20, 2012 11:20am Apr 20, 2012 11:20am
To answer the above points, there are some pairs that tend to trend better than others. I like eurusd, audusd and euraud but any pair that is trending strongly is good to trade. The 100 sma rule is pretty important, if the 100 sma is breached then the probability of the trade decreases. Looking around at the moment there is not much setting up on the higher timeframes but you can nearly always find trades in 5, 15 or 30 min charts.
  • #880
  • Apr 20, 2012 10:18pm Apr 20, 2012 10:18pm
I am really new to this system - and I am totally all in on what I have seen, love the idea of trading the 4H time frame as it allows to trade in a more flexible range of hours.. Not that I don't love getting up at 4 am. Thank you for your input - I will continue to watch and wait on this pair, I still have a hunch that Monday or Tuesday we may see it slip below SMA and get us some pips... (Will post up a chart when the conditions are a go, if that's cool)

I look forward to becoming an active member of this thread/

Thank you again for the advice and sharing this system.

Drzeep..
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