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Swing trading with heiken ashi and stochs

  • #1,761
  • Jun 12, 2012 12:06pm Jun 12, 2012 12:06pm
Quoting Hugh Briss
The top one goes in the experts folder. The other two go in the experts/indicators folder. Restart mt4 and you should find them.
Thank you HB and thanks also for the system. You have written very clear instructions which must be helping a lot of traders as well as me.
  • #1,762
  • Jun 12, 2012 12:07pm Jun 12, 2012 12:07pm
Quoting drzeepfx
I like to see 25 to 30 pips seperation.... But it could bepend on the chart, Maybe?

How many pips you talking ?
Well it would be nice if it pushed down 100 pips and then pulled back 50. It doesn't always happen though
  • #1,763
  • Jun 12, 2012 12:08pm Jun 12, 2012 12:08pm
Quoting LazyLobster
If people are looking for a way to add on to their trades, you could consider a method like this:. You should try to do it when support or resistance is broken. An easy way is to add fractals to the chart (yes I know, more clutter but fractals are quite small and benign looking) you can use the fractal breaks on any chart, but personally, I never go on anything less than the 15M chart so don't qutoe me there. So for instance, you enter on the 1 Hr chart, with 4H or daily confirmation. You can enter and add on using almost any chart in between. If...
Not sure about break outs, half the time they fail anyway but you are right, it could be a good way to add on.
  • #1,764
  • Jun 12, 2012 12:09pm Jun 12, 2012 12:09pm
Quoting digf
Thank you HB and thanks also for the system. You have written very clear instructions which must be helping a lot of traders as well as me.
No problem, glad you like it.
  • #1,765
  • Jun 12, 2012 2:04pm Jun 12, 2012 2:04pm
Audusd just messing about today, I'm going to leave it. If it breaks lower tomorrow then I may take another short. Eurusd still trading below the 100 sma so I'm still in, I'll see how it looks in the morning.
  • #1,766
  • Jun 12, 2012 2:20pm Jun 12, 2012 2:20pm
Quoting Igorman
I'll let them run for a bit, there is a bunch of important information coming out tomorrow at 8:30 (GMT -5). Also, I'm bearish on EUR b/c it seems that Syriza seems to be getting people from New Democracy party...

Normtold how many pairs are you trading at once?
I am watching 6 pairs on each of my 2 live accounts.

I watch for what I think maybe the best set ups if correlated pairs set up together.

Still new to this system and a lot to learn.

The adding to winning positions is a foreign concept to me that I need to adjust to.
I sold Eur/Aud last night, there was another H1 stochastics cross down today that I did not take as I felt it was too low down (31) but it would have paid off, maybe another one soon too.
  • #1,767
  • Jun 12, 2012 3:01pm Jun 12, 2012 3:01pm
Quoting normtold
I am watching 6 pairs on each of my 2 live accounts.

I watch for what I think maybe the best set ups if correlated pairs set up together.

Still new to this system and a lot to learn.

The adding to winning positions is a foreign concept to me that I need to adjust to.
I sold Eur/Aud last night, there was another H1 stochastics cross down today that I did not take as I felt it was too low down (31) but it would have paid off, maybe another one soon too.

Think of it this way - we open the first position when we get the green light on the charts as a test. Once a trend is proven. You look for the pullbacks to take the next position(s) and move the SLs, at this point you are typically only risking profit - and you are taking the next positions in a proven trend. And if you look at our timeframes H1 and D1 on historical DATA when a trend gets moving it takes a while for it to turn- It turns out to be alot of PIPs.... So the extra positions are in a PROVEN trend thats the most important point of these ramblings..... I know it seems weird, I came from a scalping background and it was only 6 weeks ago or so, so I remember how dumbfounded I was - till I tried this for a few weeks....

Relax, stick with it, follow the system..

If it will make you feel better turn you volume down one third and plan on taking three positions - that way you will be risking the same amount of capital, over three positions - and view profits as PIPs not currency- Just to prove it to yourself..... Just a thought.... I will shut up now....
  • #1,768
  • Jun 12, 2012 3:03pm Jun 12, 2012 3:03pm
Hi all

Bit of lurker here on this thread and I like your strategy. I trade using the 4hr swings with normal HA but enter using 15m with HA smooth candles. I have built up my strategy from pinching various parts from a few threads on FF namely Dreddings, HHarringtons and now yours (100ma!)

Although I can see exactly why youve been shorting AU today using the D1 and H1 charts, heres the reason I have not been shorting but been looking for longs all day! Stochastics can be a very naughty indicator when it wants to be and can stay in the OB/OS region for alot longer than you think!

Great thread Guys keep it up!

D
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  • #1,769
  • Jun 12, 2012 3:04pm Jun 12, 2012 3:04pm
Quoting drzeepfx
Think of it this way - we open the first position when we get the green light on the charts as a test. Once a trend is proven. You look for the pullbacks to take the next position(s) and move the SLs, at this point you are typicaly only rishing profit - and you are takeing the next positions in a proven trend. And if you look at our timeframes H1 and D1 on historical DATA when a trend gets moveing it takes a while for it to turn- It turns out to be alot of PIPs.... So the extra positions are in a PROVEN trend thats the most important point of these...
Good ramblings, I'm with you on that.
  • #1,770
  • Jun 12, 2012 3:23pm Jun 12, 2012 3:23pm
Quoting drzeepfx
Second position opened – had the wife do it – What a nightmare, she accepted a nasty re-quote – so I opened -10 …. Anywhoooo….
Second position 1.2476 SL 1.2526
Yup I really need to figure out how to work my account during office hours.... Web based? something....
Oh and the wife was all grochie about it too..... LOL.
Hi drzeepfx

I was just looking at your post, I have got round this problem by running small netbook at home connected through Team veiwer which is free to my samsung s2 smart phone so reasonable size screen.

This is a reasonable setup because it allows you to run custom indicators and money management EA's or what ever you want - you are obvouosly restricted by just using a mobile trading platform, but they are good for a backup and opening and closing trades quickley.

Regards
Peter.
“A setback is a setup for a comeback.”
  • #1,771
  • Jun 12, 2012 5:26pm Jun 12, 2012 5:26pm
trade to keep an eye on: CHFJPY

Also can some one PM the exact script for Trail&CloseOrderSLtoMA_EA_[EdwardMunroe].ex4... I'm running MT4 on mac through crossover so I can't just simply add it advisors folder
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  • #1,772
  • Jun 12, 2012 5:27pm Jun 12, 2012 5:27pm
Anyone else looking at this pair on the H1 Very strange Z pattern Looks like a slide once we get a cross - D1 shows good downtrend...
  • #1,773
  • Jun 12, 2012 5:29pm Jun 12, 2012 5:29pm
Quoting Igorman
trade to keep an eye on: CHFJPY

Also can some one PM the exact script for Trail&CloseOrderSLtoMA_EA_[EdwardMunroe].ex4... I'm running MT4 on mac through crossover so I can't just simply add it advisors folder
That's a sweet one Igorman.... Let us know when you take a position.
  • #1,774
  • Jun 12, 2012 5:34pm Jun 12, 2012 5:34pm
Quoting rossobonks
Hi all

Bit of lurker here on this thread and I like your strategy. I trade using the 4hr swings with normal HA but enter using 15m with HA smooth candles. I have built up my strategy from pinching various parts from a few threads on FF namely Dreddings, HHarringtons and now yours (100ma!)

Although I can see exactly why youve been shorting AU today using the D1 and H1 charts, heres the reason I have not been shorting but been looking for longs all day! Stochastics can be a very naughty indicator when it wants to be and can stay in the OB/OS...
This is actually interesting, we should test it out... The CHFJPY and AUDUSD are trading above 100sma on 4h, yet EURUSD is bellow 4h 100 sma. Maybe this will help weed out some unprofitable trades.
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  • #1,775
  • Jun 12, 2012 5:39pm Jun 12, 2012 5:39pm
Quoting drzeepfx
That's a sweet one Igorman.... Let us know when you take a position.
I'll check it tomorrow morning It's 2:30 am here and I just came back home from watching euro cup haha
  • #1,776
  • Jun 12, 2012 11:58pm Jun 12, 2012 11:58pm
Quoting Igorman
trade to keep an eye on: CHFJPY

Also can some one PM the exact script for Trail&CloseOrderSLtoMA_EA_[EdwardMunroe].ex4... I'm running MT4 on mac through crossover so I can't just simply add it advisors folder
Chfjpy = Eurjpy + extra spread

Not sure what you mean by exact script but if you mean you want the mq4 file then no go because I had the ea altered by a professional coder who never gives his code away. If you search the forum for the original ea it is floating about somewhere but it doesn't have the function to close on ma or close on ha change.
  • #1,777
  • Jun 13, 2012 12:02am Jun 13, 2012 12:02am
Quoting Igorman
This is actually interesting, we should test it out... The CHFJPY and AUDUSD are trading above 100sma on 4h, yet EURUSD is bellow 4h 100 sma. Maybe this will help weed out some unprofitable trades.
Watching too many timeframes will just mess your head up in the end. Audusd is no longer a valid pair to trade as it has invalidated the daily signal by trading above the 100 sma on the hourly and when you switch back to the daily you find a green heiken ashi. That's enough reason to leave it alone and wait for a clear signal.
  • #1,778
  • Jun 13, 2012 12:04am Jun 13, 2012 12:04am
Valid pairs to trade today are eurusd, eurgbp, eurjpy and gbpaud. There are some cad pairs that could be traded too if you look at the daily but the hourly charts are very choppy so not good to trade.

I'm still short eurusd and have eurgbp short and gbpaud long. All just going sideways overnight, let's see what happens today.
  • #1,779
  • Jun 13, 2012 1:59am Jun 13, 2012 1:59am
I have 1 position in Eur/Gbp at BE, watching Eur/Usd and Gbp/Usd.

Looking to add to Gbp/Chf and Eur/Aud.

Thanks DrZeep for your interesting post last night, makes sense.
  • #1,780
  • Jun 13, 2012 2:10am Jun 13, 2012 2:10am
Stopped out of gbpaud.
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