Swing trading with heiken ashi and stochs | Page 67 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid 362 replies

Heiken Ashi and Heiken Ashi Smoothed EA needed for Renko 11 replies

Trendlines with Heiken Ashi and Stochs System 367 replies

Trading the heiken-ashi megapips system. 2 replies

EA for Heiken Ashi + Heiken Ashi Smoothed 4 replies

Attachments: Swing trading with heiken ashi and stochs
Exit Attachments

Swing trading with heiken ashi and stochs

  • #1,321
  • May 23, 2012 3:53am May 23, 2012 3:53am
Quoting Gizzledonk
'Morning all,
This might sound like a silly question; does anyone have an EA for a trailing stop that works nicely in MT4?
reason I ask is that I've tried a few and they all work on a practice account but whenever I use them on a live account the trade is closed immediately when the EA is active.
My broker says that EA's are permitted.
So,, I want to try one that someone absolutely knows is working.
It's not that I don't trust 'what it says on the internet' or anything paranoid like that.
Any comment would be welcome (even if I'm being a...
Here are some of the best.
Attached File(s)
File Type: ex4 Trail&CloseOrderSLtoMA_EA_v2_[EdwardMunroe].ex4   8 KB | 455 downloads
File Type: mq4 TrailingStop.mq4   9 KB | 466 downloads
File Type: mq4 Mauro_Trailing.mq4   17 KB | 473 downloads
  • #1,322
  • May 23, 2012 3:59am May 23, 2012 3:59am
Quoting Hugh Briss
Here are some of the best.
Thanks for that Hugh, I also found out what I was doing wrong with MT4 so the morning is looking good!!
Don't ask me, I have no idea what's going on.
  • #1,323
  • May 23, 2012 4:01am May 23, 2012 4:01am
Quoting Ozefex
Guys, Thanks for the encouraging words!

Hugh, I'll definitely be trying to follow your advice & methods - that is why I've been actively following your thread after all. I'll keep the demo account for experimenting and try to ease in to the live account.

Regards,
Ozefex
No worries, sorry if I sounded a bit like your dad earlier, just wanted to help.
  • #1,324
  • May 23, 2012 4:45am May 23, 2012 4:45am
Quoting Hugh Briss
No worries, sorry if I sounded a bit like your dad earlier, just wanted to help.
Yeah, you did sound like that!! I might be older than you though? Possibly not, but older than some. Comments are appreciated.

I was actually playing with a hedging strategy after originally having set my stops a bit tight. I know that is getting 'out there' and is not something we are discussing here - so I didn't. If I could have stayed awake longer I would have caught the trip down for a nice profit. But as it was lost just a bit more than if I kept my original SL. Now I've said that, I won't mention it again.

Was in the process of going through previous pages - Have you used the 300 pip close on the EU trade yet? I was wondering how it was going.
Still learning - No guarantees...
  • #1,325
  • May 23, 2012 4:52am May 23, 2012 4:52am
Quoting drzeepfx
Well we got that D1 cross so I am short at .8034 - SL set at 40 -

going to watch real close - As we are pushing up against S level set back on the 15th.
Looks like that bounced sooner after you entered. A bit like mine earlier in the week. It looks like it missed your SL anyway and is coming back down.

I'm just wondering if you should have waited for the next red D1 candle breaking the bottom of the 1st? What was the H1 looking like when you entered?

Hope you wake up to a good trade.
Still learning - No guarantees...
  • #1,326
  • May 23, 2012 5:25am May 23, 2012 5:25am
I am playing with the Mauro_Trailing EA Hugh put up for me a while ago. (thanks Hugh)

I can set stop loss and take profit values with Mauro_Trailing EA but these I think are only on my local machine.

This implies that if my internet connection fails I could easily have a trade running on my brokers server with no stop loss or take profit in place (I live in a very rural area and internet connection is less reliable).

Presumably I would set a manual 'last ditch' stop loss on the brokers server in the normal way to cover this possibility,

How do other people manage this issue? (or have I got it wrong)

Cheers,
Don't ask me, I have no idea what's going on.
  • #1,327
  • May 23, 2012 6:27am May 23, 2012 6:27am
Quoting Gizzledonk
..............................
This implies that if my internet connection fails I could easily have a trade running on my brokers server with no stop loss or take profit in place (I live in a very rural area and internet connection is less reliable. .................

Cheers,
I feel your pain. I also live in a rural area where only a month ago we got hi speed internet service. However, my download capacity is limited to 5GB/mo. More but would cost a fortune. Power and ISP issues are still a problem but thankfully improving quickly. So I set up a VPS which has been working pretty well. Perhaps it is a solution for you also.
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #1,328
  • May 23, 2012 6:31am May 23, 2012 6:31am
Quoting Gizzledonk
I am playing with the Mauro_Trailing EA Hugh put up for me a while ago. (thanks Hugh)

I can set stop loss and take profit values with Mauro_Trailing EA but these I think are only on my local machine.

This implies that if my internet connection fails I could easily have a trade running on my brokers server with no stop loss or take profit in place (I live in a very rural area and internet connection is less reliable).

Presumably I would set a manual 'last ditch' stop loss on the brokers server in the normal way to cover this possibility,

How...
I haven't tried this EA yet so Hugh or someone else can probably answer. However if the EA is relying on your computer to act, then you might consider subscribing to a VPS service (Virtual Private Server). This is what you really need if you are running anything that requires a reliable "always on" computer and internet connection.

You get a virtual server set up in a proper data centre with all the backup power supplies & fast connections to the outside world including to your broker's servers via the major internet "backbones". Response time b/w the MT$ running on the server & the brokers server should be very quick.

I tried one for a while in April as I thought I might set up some fully auto trading EA's. I also wanted a full MT4 system I could access from virtually any computer at work without loading MT4 (can be done).

After trying a couple of free EA's & trying to set up my own, I decided they were rubbish so didn't use it for that.

I also found that response time I was getting from the server to my own computer was too slow (more data appears to be transmitted in this process than when you have MT4 running on your own computer), so it was a bit of a pain to run manually.

However, if the need is there, and having a reliable EA that keeps running when you internet is down or your computer fails - the VPS is what you need.

Cost was about $50 / month depending on the features you were after. There are a few that specialise in running MT4 - they either come set up & you add your broker & account details, or you set it up as if you were installing it on your own computer. I can give you a US reference if you are interested, that is if your current broker doesn't have an arrangement.

Other option to this is if you can set manual stops as well as running the EA stoploss. This can probably be done.
Still learning - No guarantees...
  • #1,329
  • May 23, 2012 6:34am May 23, 2012 6:34am
Quoting AlbinaGrande
I feel your pain. I also live in a rural area where only a month ago we got hi speed internet service. However, my download capacity is limited to 5GB/mo. More but would cost a fortune. Power and ISP issues are still a problem but thankfully improving quickly. So I set up a VPS which has been working pretty well. Perhaps it is a solution for you also.
...was typing my reply at the same time...!
Still learning - No guarantees...
  • #1,330
  • May 23, 2012 6:40am May 23, 2012 6:40am
Quoting Ozefex
Yeah, you did sound like that!! I might be older than you though? Possibly not, but older than some. Comments are appreciated.

I was actually playing with a hedging strategy after originally having set my stops a bit tight. I know that is getting 'out there' and is not something we are discussing here - so I didn't. If I could have stayed awake longer I would have caught the trip down for a nice profit. But as it was lost just a bit more than if I kept my original SL. Now I've said that, I won't mention it again.

Was in the process of going...
Well I'm 39 week after next. I closed all of my eur position when it started pulling back. I banked 510 pips over 3 trades, a nice trade. I'm short gbpusd today but didn't have time to post pics so a bit late.
  • #1,331
  • May 23, 2012 6:55am May 23, 2012 6:55am
Quoting Gizzledonk
I am playing with the Mauro_Trailing EA Hugh put up for me a while ago. (thanks Hugh)

I can set stop loss and take profit values with Mauro_Trailing EA but these I think are only on my local machine.

This implies that if my internet connection fails I could easily have a trade running on my brokers server with no stop loss or take profit in place (I live in a very rural area and internet connection is less reliable).

Presumably I would set a manual 'last ditch' stop loss on the brokers server in the normal way to cover this possibility,

How...
That ea actually places a hard stop loss and take profit so if your connection goes you are still covered. Obviously if you take a trade and at that exact minute the connection dropped then you wouldn't be covered but that would happen if you took a trade manually.
  • #1,332
  • May 23, 2012 6:58am May 23, 2012 6:58am
Raggs I can see you browsing... come and say hello!
  • #1,333
  • May 23, 2012 7:31am May 23, 2012 7:31am
Quoting Hugh Briss
Well I'm 39 week after next. I closed all of my eur position when it started pulling back. I banked 510 pips over 3 trades, a nice trade. I'm short gbpusd today but didn't have time to post pics so a bit late.
Maybe you sound older than you are... I've been a property insurance risk engineer for 30 years & have nearly 17 years up on you in total! The disadvantage is that retail fx trading has only been as accessible in recent years so my start is a bit late. The advantage is that I'll be taking early retirement soon so will have more time for trading. Anyway, happy 40 - 1.
Still learning - No guarantees...
  • #1,334
  • May 23, 2012 7:58am May 23, 2012 7:58am
Quoting Ozefex
Looks like that bounced sooner after you entered. A bit like mine earlier in the week. It looks like it missed your SL anyway and is coming back down.

I'm just wondering if you should have waited for the next red D1 candle breaking the bottom of the 1st? What was the H1 looking like when you entered?

Hope you wake up to a good trade.
LOL thanks Oz - looked at it late last night saw the Giant wicks and shadows on the H1 and bailed out a 12 PIP loser .......

I know HB - Im jumping around again ..... Trying to retrain my brain....
  • #1,335
  • Edited 8:41am May 23, 2012 8:02am | Edited 8:41am
Hi Hugh,

Have been following thread a while now. I'm still looking at Fibo thread as well!
Anyway trying to figure out the best time frame for me on this one - I have time in the day to intraday trade and I have found with the longer time frames (1D and 1H) I am missing some entries due to lack of Braodband width at home. I work for myself so best times for me toi trade are between 9.00 am and 6.00pm GMT.
Looking at 4HR/30min and 30min/5min.
Here's what I have entered at moment. Let me know if I'm missing anything!

can't upload images but yet but I'm long AUDJPY on 30min / 5min
entered at 13:45 @ 77.41 Long

Also looking at having Parabolic SAR as trailing stop to get to b/e quickly
  • #1,336
  • May 23, 2012 8:24am May 23, 2012 8:24am
Here are my charts re the previous post
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPY 30min.png Size: 40 KB
Click to Enlarge Name: AUDJPY 5min.png Size: 53 KB
  • #1,337
  • May 23, 2012 9:49am May 23, 2012 9:49am
Quoting Ozefex
Maybe you sound older than you are... I've been a property insurance risk engineer for 30 years & have nearly 17 years up on you in total! The disadvantage is that retail fx trading has only been as accessible in recent years so my start is a bit late. The advantage is that I'll be taking early retirement soon so will have more time for trading. Anyway, happy 40 - 1.
Lol, thanks. It's easy to forget in forums that you don't know who's on the other end so you don't always pay the proper respect. I think I treat everyone with respect but it changes your perspective once you know a bit more about someone. I will have a beer for you on my birthday!
  • #1,338
  • May 23, 2012 9:58am May 23, 2012 9:58am
Quoting drzeepfx
LOL thanks Oz - looked at it late last night saw the Giant wicks and shadows on the H1 and bailed out a 12 PIP loser .......

I know HB - Im jumping around again ..... Trying to retrain my brain....
I have this little position I built on gbpusd. A couple of aggressive add ons near the bottom just under the major resistance level (previoous weeks low). The most I had at risk at any one time was 60 pips, would have been 30 if I hadn't doubled the lower position just before the break. It paid off anyway, 165 pips up.

I'm not showing off, just showing you what is desirable. Get a trade to break even, add on, get to break even, add on, repeat. Use technical levels, s/r, heiken ashi and stochs to take the trades. Then hold all positions until they either go your way or all stop at break even.

After I had taken the 4th trade I was in a position where a 30 pip move up would have lost me 60 pips and a 30 pip move down would have made me 120 pips. Not a bad bet for a 50/50 proposition especially when you consider the strong resistance just above the entry!

Stop jumping in and jumping out, build it big and hold it!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd position 23rd may 2012.gif Size: 26 KB
  • #1,339
  • May 23, 2012 10:01am May 23, 2012 10:01am
Quoting Raggs
Hi Hugh,

Have been following thread a while now. I'm still looking at Fibo thread as well!
Anyway trying to figure out the best time frame for me on this one - I have time in the day to intraday trade and I have found with the longer time frames (1D and 1H) I am missing some entries due to lack of Braodband width at home. I work for myself so best times for me toi trade are between 9.00 am and 6.00pm GMT.
Looking at 4HR/30min and 30min/5min.
Here's what I have entered at moment. Let me know if I'm missing anything!

can't upload images but yet...
Hello, I'm afraid the other thread has gone a bit quiet now, this one sort of took off. I have to say I prefer daily/1 hour but it's down to what you prefer.

Parabolic sar is ok but does a similar job to a moving average. I always put stops behind the 100 sma or if I just want to trade the immediate move the 8 ema does a good job. Try it on a chart and see.
  • #1,340
  • May 23, 2012 10:10am May 23, 2012 10:10am
Quoting Raggs
Here are my charts re the previous post
Yep, looks fine. I always like the lower timeframe to be trading above or below the 100 sma (whichever direction I'm trading the higher timeframe) but that works for daily/1 hour. Not sure of the effect if you change the timeframe.
1 trader viewing now