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Swing trading with heiken ashi and stochs

  • #2,121
  • Jul 24, 2012 1:41am Jul 24, 2012 1:41am
Hi HB, just a quick question. I have been searching the thread but can't find your post where you discuss the move from H4 to H1. Why did you make the change? Just asking because as a part time trader it isn't always easy to keep an eye on the H1. Thanks!
  • #2,122
  • Jul 24, 2012 1:58am Jul 24, 2012 1:58am
Quoting RUN-pips-RUN
Hi HB, just a quick question. I have been searching the thread but can't find your post where you discuss the move from H4 to H1. Why did you make the change? Just asking because as a part time trader it isn't always easy to keep an eye on the H1. Thanks!
At the top of the first page there is a link to a post in the thread that has a pdf with my final version of the system in it.

If you want to trade H4 as your entry timeframe then you have two options. Either use the original system only but be quicker to take profit or use the weekly as your higher timeframe and when the H4 lines up with the weekly then you will be able to hold your trades longer looking for longer trends.
  • #2,123
  • Jul 24, 2012 9:59am Jul 24, 2012 9:59am
HB, very valid technique, I also use pullbacks to trade intraday euro futures. However, just started looking for long term trades...

I red the latest pdf and would like for you to walk live through the next trade you take. Thanks. It will help the rest of the the crowd also.
  • #2,124
  • Jul 24, 2012 11:15am Jul 24, 2012 11:15am
Quoting driven18
HB, very valid technique, I also use pullbacks to trade intraday euro futures. However, just started looking for long term trades...

I red the latest pdf and would like for you to walk live through the next trade you take. Thanks. It will help the rest of the the crowd also.
Ok, when anything sets up I will post as I go. I am busy with some other projects at the moment but I do keep an eye on the best setups.
  • #2,125
  • Jul 24, 2012 5:32pm Jul 24, 2012 5:32pm
HB, in the meantime, can you provide an example of the very last live trade you took/completed be it winner or looser and your thought process......annotations on chart(s) will be enough...
  • #2,126
  • Jul 24, 2012 11:16pm Jul 24, 2012 11:16pm
Quoting driven18
HB, in the meantime, can you provide an example of the very last live trade you took/completed be it winner or looser and your thought process......annotations on chart(s) will be enough...
I trade multiple systems on the same account, some automated and some manual so it will take me a while to pick out what is what. I don't remember taking one of these trades for a while as I am constantly testing new strategies. If I can find something I will post it. It's always better to have live trades so if I can post a winning trade live you will see better exactly what I do.
  • #2,127
  • Jul 25, 2012 5:55pm Jul 25, 2012 5:55pm
Oh how I have missed you guys - especially you, HB! But I'm back and ready to jump back into the fray - pips are flying and my net is back open again...

Speaking of which, I'm considering a possible short entry on the audjpy. The Daily downtrend is in effect, and the hourly has pulled back to the 100 sma with a stoch cross downward - HB what do you think? Am I barking up the right tree? There would appear to be at least 400-500 pips before the next support level on the Daily chart.

Thanks,
  • #2,128
  • Jul 26, 2012 12:24am Jul 26, 2012 12:24am
Quoting Traderbry
Oh how I have missed you guys - especially you, HB! But I'm back and ready to jump back into the fray - pips are flying and my net is back open again...

Speaking of which, I'm considering a possible short entry on the audjpy. The Daily downtrend is in effect, and the hourly has pulled back to the 100 sma with a stoch cross downward - HB what do you think? Am I barking up the right tree? There would appear to be at least 400-500 pips before the next support level on the Daily chart.

Thanks,
Pips and chips?

I'm looking about 6 hours after your post so it's a bit lame but it's breaking higher now. The daily stochs have actually crossed at the bottom on my broker so no shorts for now.
  • #2,129
  • Jul 26, 2012 4:30am Jul 26, 2012 4:30am
hey, guys!

Been a while, I missed you! I'm currently doing an internship, so I missed out on some nice opportunities, e.i. shorting EURJPY a week ago I'm still short of USDJPY, around 100 pips in. I sold some more (pyramid) last night on pull back (I'm betting it on breaking 78 support level that it's been recently flirting with). The pair is nor really volatile, but recent Bernanke testimony made me bearish on a pair.

How are you guys? Are you holding any nice trades?
  • #2,130
  • Jul 27, 2012 8:25pm Jul 27, 2012 8:25pm
Lost 40 pips in the audjpy to start the week, but I ended the week up 126-pips on the audusd - I think there's more to come, so I'm in thru the weekend...
  • #2,131
  • Jul 29, 2012 12:03pm Jul 29, 2012 12:03pm
Here's a post in my other thread that might be of interest...

http://www.forexfactory.com/showthre...24#post5885324
  • #2,132
  • Jul 30, 2012 3:47am Jul 30, 2012 3:47am
Quoting Hugh Briss
Here's a post in my other thread that might be of interest...

http://www.forexfactory.com/showthre...24#post5885324
Very intersting post Hugh, good read! I'm surprised that you have been trading for 4 years and come up with such a wonderful systems and yet you are just JOB... Also, I've came across some post where you said that you are learning C++. Can you suggest any good book to start learning it?

About the trades. My USDJPY trade hit SL, I gained around 30-40 pips net {70-30(40)}. Should've have waited for a bigger move, not just shorting on a pull back.

I've shorted EURGBP @ ~ 0.782 lvl, SL: ~ 0.784. Unfortunatly I can't give the exact numbers because I'm at work
  • #2,133
  • Jul 30, 2012 4:12am Jul 30, 2012 4:12am
Quoting Igorman
Very intersting post Hugh, good read! I'm surprised that you have been trading for 4 years and come up with such a wonderful systems and yet you are just JOB... Also, I've came across some post where you said that you are learning C++. Can you suggest any good book to start learning it?

About the trades. My USDJPY trade hit SL, I gained around 30-40 pips net {70-30(40)}. Should've have waited for a bigger move, not just shorting on a pull back.

I've shorted EURGBP @ ~ 0.782 lvl, SL: ~ 0.784. Unfortunatly I can't give the exact numbers because...
It takes time to build an account large enough to withdraw a regular wage from let alone bigger sums. It will come with time.

I found this quite useful...

http://www.cprogramming.com/tutorial.html

I am short eurusd, euraud and eurnzd, holding the trades open on the daily due to limited time at the moment.
  • #2,134
  • Jul 31, 2012 12:04am Jul 31, 2012 12:04am
Thank you Hugh for sharing your system! Before founding this thread I was already thinking that a system like this is hardly possible. I really like the beauty of Heiken Ashi, maybe that is also what attracted me.

I read the final version of the system, and then as recommended I also got familiar with original system. I backtested original system with Forex Tester 2 on EURUSD H4 time frame for about 5-7 years (from 2001 to 2006 or so). I was able to be consistently profitable in my test so that gave me additional confidence in the system.

After that I started testing the D1/H1 final version and was very glad with better results. Eventually I decided to backtest around 18 pairs for the first half of 2012 (2012.01.01 - 2012.06.29). I tried to follow the rules described in the final PDF version.

14 pairs were quite profitable, only 3 finished with a negative profit. EURCHF stayed on break even. (I know it is not moving but still wanted to test for the sake of consistency). I used 200 USD initial balance, and mostly I traded 3 mini lots (0.03 standard lots), which is still a little more than 3% (I think it is around 9% with 50 pips SL for this kind of account). Initially I wanted to trade 3 mini lots, because on 2nd addon I would trade 2 mini lots, and on the 3rd addon I would trade 1 mini lot. I would not be able to do that if I started with 1 mini lot.

Eventually parallely to my backtesting I finished reading the whole thread and started using the same amount of lot for all addons (3 mini lots). The total profit for all pairs was 942.92% and it would have been around 3 times smaller (~310%) if I traded proper lot size. There was also no compounding, only a fixed lot size and I backtested every pair separately.

Certainly in real forward test or trading I wouldn't take that many setups and I would be sleeping most of the New York session. But it still amazes me how well it works, it is something hard for me to believe :-)

I hope my backtesting achievement will be of some use to others. I am attaching the more detailed table about that.

Thanks again Hugh!

Julius

P.S. Had some issues with Gold and Silver, the lot size, sl and ma 100 trailing buffer I guess should be adjusted for these two markets.
Attached Image
  • #2,135
  • Aug 1, 2012 7:01am Aug 1, 2012 7:01am
Hugh Briss,

thanks for the system. could you please add the indicators to the first post so that we new readers wont get lost in the 143 pages of replies?

And would u plz make a comparison between the original and the final version of your system so that we can know the exact details and know how to choose the proper one.

Sorry for this. It is very hard for me to locate the above information which might bring about the same trouble for all new here.

thanks again for sharing your wonderful trading strategy and your hard working on this thread.

happy pips
  • #2,136
  • Edited 9:38am Aug 1, 2012 9:11am | Edited 9:38am
Hey Hugh Briss and all the other guys here,


I read FF for over 2 years now whitout beeing registered, and this thread was the reason to do this.

The last 1,5 years I traded almost even the same system like you do, also with Heiken Ashi, Stoch and MA. Now even with constant profit
The differences between yours and mine are, I use a 200 MA, different TF and a complete other method for SL and TP.

I use the Daily TF for entry and the last Swing for SL's. What means in pips between 80 and 160.

My TP strategy depends on how I see and plan the trade befor I enter. Normaly when there is a good strong trend into my trading direction, and on weekly and daily TF I see the same, I have a initial TP of 2x SL. When the trend is not such clear, or there is a resistance I use 1x SL for TP.

But this TP's arent fix, I manage my trades every evening befor the candles close by checking PA. Lets say the price is reaching my inital TP Zone of 1x SL but I see a strong movement in PA, I would change TP to 2x SL and so on.
With SL I'm doing nearly the same. When there is good movement my SL's are wider and when it slows down I use a tight one.

PA is managing my trades :nerd:

Personaly for me this works quit better than having a static rule for SL and TP. When I trail my SL a spike could hit it. With a fix TP, lets say RR 1:1, its annoying when the move goes for 1:3 or more, etc...

What do you think about this method?


steinhaus
  • #2,137
  • Aug 1, 2012 2:55pm Aug 1, 2012 2:55pm
Quoting juliuy
Thank you Hugh for sharing your system! Before founding this thread I was already thinking that a system like this is hardly possible. I really like the beauty of Heiken Ashi, maybe that is also what attracted me.

I read the final version of the system, and then as recommended I also got familiar with original system. I backtested original system with Forex Tester 2 on EURUSD H4 time frame for about 5-7 years (from 2001 to 2006 or so). I was able to be consistently profitable in my test so that gave me additional confidence in the system.

After...
Excellent work. Thank you for posting this!
  • #2,138
  • Aug 1, 2012 2:57pm Aug 1, 2012 2:57pm
Quoting hotjoey
Hugh Briss,

thanks for the system. could you please add the indicators to the first post so that we new readers wont get lost in the 143 pages of replies?

And would u plz make a comparison between the original and the final version of your system so that we can know the exact details and know how to choose the proper one.

Sorry for this. It is very hard for me to locate the above information which might bring about the same trouble for all new here.

thanks again for sharing your wonderful trading strategy and your hard working on this...
Everything you need is in the thread and if you use the paperclip in the top corner of the page you will find a list of attachments with all the indicators there. It's worth noting that the main indicators are just ha candles, a moving average and stochs.
  • #2,139
  • Aug 1, 2012 3:00pm Aug 1, 2012 3:00pm
Quoting steinhaus
Hey Hugh Briss and all the other guys here,


I read FF for over 2 years now whitout beeing registered, and this thread was the reason to do this.

The last 1,5 years I traded almost even the same system like you do, also with Heiken Ashi, Stoch and MA. Now even with constant profit
The differences between yours and mine are, I use a 200 MA, different TF and a complete other method for SL and TP.

I use the Daily TF for entry and the last Swing for SL's. What means in pips between 80 and 160.

My TP strategy depends on how I see and plan...
I like it a lot. Sounds as if you have worked out what works for you.

In terms of trailing stops there is an EA on the thread that trails behind an ma by a certain buffer but that can also be set to close the position if the price closes the wrong side of the ma. This is useful to keep you away from spikes but still protect your profit.
  • #2,140
  • Aug 1, 2012 9:20pm Aug 1, 2012 9:20pm
Quoting Hugh Briss
In terms of trailing stops there is an EA on the thread that trails behind an ma by a certain buffer but that can also be set to close the position if the price closes the wrong side of the ma.
Hugh,

Are you mentioning here "Trail&CloseOrderSLtoMA_EA_v2_[EdwardMunroe]"? I have USDCAD trade open and the price has already closed above EMA 100, but it did not close my trade. I have the right "true" setting for the MA close. Did you have this kind of issue before? I could look at the code, but don't have the source code.

Julius
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