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Swing trading with heiken ashi and stochs

  • #1,641
  • Jun 9, 2012 7:16am Jun 9, 2012 7:16am
Quoting Hugh Briss
Here is the final version, I hope you find it an interesting read.
Thanks! The complete knowledge of this system in one document. I, think this is really great for all beginners and also for all others who are trading with this strategy.

I'm also at this stage you are mentioned because I've got some losses and more break evens, but I'll keep going and try getting better and better.
  • #1,642
  • Jun 9, 2012 10:46am Jun 9, 2012 10:46am
Hello Hugh
I have started reading your thread and am very interested in this stratergy. What I am concerned about tho is that the broker that I am demoing with is LiteForex, and if I have understood it correctly the new day starts at 9pm. I am in the UK and start looking at my charts around 8.30am which means that the current candle would be about 12/13 hours old when I am looking at it.
Would you consider that a problem?
  • #1,643
  • Jun 9, 2012 12:42pm Jun 9, 2012 12:42pm
Quoting digf
Hello Hugh
I have started reading your thread and am very interested in this stratergy. What I am concerned about tho is that the broker that I am demoing with is LiteForex, and if I have understood it correctly the new day starts at 9pm. I am in the UK and start looking at my charts around 8.30am which means that the current candle would be about 12/13 hours old when I am looking at it.
Would you consider that a problem?
That would not be a problem. You can't start trading the hourly chart until the day that gave the signal has closed. Generally not much will happen overnight and the best signals will be during the following day.
  • #1,644
  • Jun 9, 2012 12:46pm Jun 9, 2012 12:46pm
I'll post the ea and the indicators I mentioned here as well. I know they are on the thread already but if I put them all here then it will save people searching around for them.
Attached File(s)
File Type: ex4 Trail&CloseOrderSLtoMA_EA_[EdwardMunroe].ex4   7 KB | 1,154 downloads
File Type: mq4 Stoch Crossing.mq4   9 KB | 1,167 downloads
File Type: mq4 Tick Value Modified 2.mq4   2 KB | 1,089 downloads
  • #1,645
  • Jun 9, 2012 1:08pm Jun 9, 2012 1:08pm
Another point that springs to mind is that if you are using metatrader then set up two profiles, one with your daily charts with just the candles, ma and stochs. Check that profile in the evening when the daily candle closes or the next morning when you get up. Then set up another profile where you only have the pairs you are trading visible. That way you are not tempted to flick through the other pairs just for something to do. I've lost count of the amount of random trades I've taken because the charts were open and I felt like I should be doing something. I do it a lot less these days but the above is one way to avoid it in the first place. You only look at the pairs you should be watching.
  • #1,646
  • Jun 9, 2012 1:20pm Jun 9, 2012 1:20pm
Valid pairs for Monday are eurgbp and eurcad. I am long usdjpy still after the trendline break.
  • #1,647
  • Jun 9, 2012 2:58pm Jun 9, 2012 2:58pm
Quoting Hugh Briss
Here is the final version, I hope you find it an interesting read.
Thanks for the PDF Hugh. Great reminders in there

John from Durban
  • #1,648
  • Jun 9, 2012 3:40pm Jun 9, 2012 3:40pm
Ted, on page 71 you suggested a 30 pip stoploss ( I have been moving to BE at 20 pips maybe too early?) but you now suggest a stoploss 20 pips behind the 100 SMA.

Looking at Eur/Gbp, if we took the next H1 stochastic cross down the stoploss would be around 60 pips I think as the 100 SMA is around 0.8225.

Would you move to BE at any point or just trail the 100 SMA until you are stopped out?
  • #1,649
  • Jun 9, 2012 3:48pm Jun 9, 2012 3:48pm
Quoting normtold
Ted, on page 71 you suggested a 30 pip stoploss ( I have been moving to BE at 20 pips maybe too early?) but you now suggest a stoploss 20 pips behind the 100 SMA.

Looking at Eur/Gbp, if we took the next H1 stochastic cross down the stoploss would be around 60 pips I think as the 100 SMA is around 0.8225.

Would you move to BE at any point or just trail the 100 SMA until you are stopped out?
The hourly 100 sma is just above 0.81 at the moment which is 20 pips away from the current price. You're looking at the daily 100 sma.
  • #1,650
  • Edited 6:43pm Jun 9, 2012 6:31pm | Edited 6:43pm
Quoting Hugh Briss
Here is the final version, I hope you find it an interesting read.
Hi Hugh,

I appreciate your generosity by show us your plan. That's a good one.

One of the things that caught my attention with your thread was that i felt you use this system for real, not only for educational purpose, because a lot of guys on FF do so, unfortunately. I accept that someone developes a system and use another, but it's expectable that one say so, otherwise one will trickery on you . When they caught they justify the use of other systems as backup plan and so. This behavior contributes for the lack of trust on many presented systems on FF and it's statistics. That's why i think it's hard to find some system that can be trusted, like yours.

Thanks a lot Hugh.
  • #1,651
  • Jun 9, 2012 6:47pm Jun 9, 2012 6:47pm
Quoting digf
Hello Hugh
I have started reading your thread and am very interested in this stratergy. What I am concerned about tho is that the broker that I am demoing with is LiteForex, and if I have understood it correctly the new day starts at 9pm. I am in the UK and start looking at my charts around 8.30am which means that the current candle would be about 12/13 hours old when I am looking at it.
Would you consider that a problem?

Hello digf,

I use LiteFX and have had no issues with time frame swap seems to take place right with the other brokers - I anm however planing on switching once my account gets larger.... Let me know how things go for you.
  • #1,652
  • Jun 10, 2012 3:13am Jun 10, 2012 3:13am
Quoting Hugh Briss
The hourly 100 sma is just above 0.81 at the moment which is 20 pips away from the current price. You're looking at the daily 100 sma.
Yes sorry my mistake. So the stoploss on that pair is about 30 pips.

Would you move to BE at any point (like 20 pips) or just trail the 100 SMA until it moves you to BE or you are stopped out?
  • #1,653
  • Jun 10, 2012 3:33am Jun 10, 2012 3:33am
Quoting normtold
Yes sorry my mistake. So the stoploss on that pair is about 30 pips.

Would you move to BE at any point (like 20 pips) or just trail the 100 SMA until it moves you to BE or you are stopped out?
These days I'm inclined to let the trade run without getting to break even too quickly, let the sma and the ea do the work.
  • #1,654
  • Jun 10, 2012 4:21am Jun 10, 2012 4:21am
Good day to all.

"Eurozone agrees to lend Spain up to 100 billion euros."

In my opinion this ad will generate confidence in the euro zone.
A good (buy) week for eur.

PS: And in the next weekend we have the Greek elections.

Cheers
  • #1,655
  • Jun 10, 2012 5:24am Jun 10, 2012 5:24am
Although I've been trading live with success I have done some backtesting today. In 2010 there were 8 signals on eurusd. I have used the strategy tester on the hourly for the days after the daily signal and just taken the first trade and held it until the 100 sma is breached.

The first signal was on the 15/1/10. This I couldn't test because my hourly data doesn't go back that far but the daily suggests it would have been a small win.

18/3/10 +188 pips
5/4/10 -19 pips
16/4/10 +169 pips
3/5/10 +291 pips
26/8/10 No valid hourly trade before the signal was invalidated
13/9/10 +772 pips
7/12/10 No valid trade

So as you can see the system is profitable if you merely wait for a valid daily signal then take the first pullback on the hourly and hold it open until the 100 sma is breached. This is phenomenal news because imagine what happens when you add on at every pullback and trail multiple orders?!

I will do 2011 soon, there are quite a few signals to test.
  • #1,656
  • Jun 10, 2012 6:34am Jun 10, 2012 6:34am
[quote=Hugh Briss;5743826]Although I've been trading live with success I have done some backtesting today. In 2010 there were 8 signals on eurusd. I have used the strategy tester on the hourly for the days after the daily signal and just taken the first trade and held it until the 100 sma is breached.

is that a breach of the hourly 100 or the daily 100???
  • #1,657
  • Jun 10, 2012 6:34am Jun 10, 2012 6:34am
[quote=maccanz;5743931]
Quoting Hugh Briss
Although I've been trading live with success I have done some backtesting today. In 2010 there were 8 signals on eurusd. I have used the strategy tester on the hourly for the days after the daily signal and just taken the first trade and held it until the 100 sma is breached.

is that a breach of the hourly 100 or the daily 100???
The hourly 100.
  • #1,658
  • Jun 10, 2012 6:55am Jun 10, 2012 6:55am
Thanks for doing the backtesting.

Hugh when you have time can you please post your set file for the Trail and close Edward Munroe EA.
  • #1,659
  • Jun 10, 2012 9:52am Jun 10, 2012 9:52am
You can't post set files on FF but here's the next best thing. The top settings that aren't visible are true, true, false.
Attached Image
  • #1,660
  • Jun 10, 2012 11:07am Jun 10, 2012 11:07am
Quoting Hugh Briss
You can't post set files on FF but here's the next best thing. The top settings that aren't visible are true, true, false.
I was not sure if 20 had to go next to OFFSET or BUFFER so thanks for posting that.
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