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HAT Trading method

  • #161
  • Jul 12, 2006 12:15pm Jul 12, 2006 12:15pm
yes. Will post results in a week or two.
  • #162
  • Jul 12, 2006 12:16pm Jul 12, 2006 12:16pm
The problem is, The HAT works well as a visual confirmation; as something "hard" to write software against, it's difficult. It's a rather "soft" system; but works well in trends and not so choppy markets.

The longer the timeframe, the smoother the HAT. Try the weekly chart, and you will see. It's good to use as a "trend confirmation" but entry and exit is not as sweet as I had hoped for..
google:
  • #163
  • Jul 12, 2006 12:25pm Jul 12, 2006 12:25pm
Quoting twoblink
The problem is, The HAT works well as a visual confirmation; as something "hard" to write software against, it's difficult. It's a rather "soft" system; but works well in trends and not so choppy markets.

The longer the timeframe, the smoother the HAT. Try the weekly chart, and you will see. It's good to use as a "trend confirmation" but entry and exit is not as sweet as I had hoped for..
I was thinking the same thing. I'm most likely going to use it for trend confirmation occasionally. For this it would work very well. I didn't have much luck using it as a way to trade but I also only used it for a very short while.
  • #164
  • Jul 12, 2006 1:30pm Jul 12, 2006 1:30pm
Quoting hidethereal
I was thinking the same thing. I'm most likely going to use it for trend confirmation occasionally. For this it would work very well. I didn't have much luck using it as a way to trade but I also only used it for a very short while.
I've tweaked the system a bit and seem to be having good initial luck with it. The only problem is when the markets change in the middle of the night and I'm not there to catch the change..

Instead of .618 I use 1 for the T3. This gets me into the markets sooner. I also took the two moving averages from the Sidus method (the 5 and 8 lma) to determine entry and exit points (when used with the T3). This way the T3 can hit on the bars and you won't necessarly be thrown an exit signal.

If I could get an EA that would close my trades out when my MA's cross I could use that during the night to better stop me out of a trade that changes. I've noticed that when used with the T3 you can avoid much of the smaller ups and downs that sometimes happen.

So yes, so far I think this could make for a really good trading method. I'm using the 4 hour charts.

Jason
  • #165
  • Jul 12, 2006 2:25pm Jul 12, 2006 2:25pm
Quoting jlowder
I've tweaked the system a bit and seem to be having good initial luck with it. The only problem is when the markets change in the middle of the night and I'm not there to catch the change..

Instead of .618 I use 1 for the T3. This gets me into the markets sooner. I also took the two moving averages from the Sidus method (the 5 and 8 lma) to determine entry and exit points (when used with the T3). This way the T3 can hit on the bars and you won't necessarly be thrown an exit signal.

If I could get an EA that would close my trades out when my MA's cross I could use that during the night to better stop me out of a trade that changes. I've noticed that when used with the T3 you can avoid much of the smaller ups and downs that sometimes happen.

So yes, so far I think this could make for a really good trading method. I'm using the 4 hour charts.

Jason
So your using the cross of the 5 and 8 lma after the close above the t3 as your entry method and then the cross of the 5 and 8 lma as your exit? I might have completely misunderstood you.
  • #166
  • Jul 12, 2006 2:44pm Jul 12, 2006 2:44pm
Quoting hidethereal
So your using the cross of the 5 and 8 lma after the close above the t3 as your entry method and then the cross of the 5 and 8 lma as your exit? I might have completely misunderstood you.
The thing that I noticed about the lmas is that they will sometimes cross just before the candles have moved above or below the T3. If the cross is almost touching the T3 (above or below) I've been using that as the sign to enter or exit. If, however, the lmas cross over while the T3 is far away (look at the 4hr on the GBP) then I do not take that as an entry signal - just that the price is closely moving up and down. It's only when the lmas are changing close to the T3 that I consider it an entry or exit. If you make your T3 volume factor 1, you will see how the T3 will sometimes swing out away from the price.

One other thing that I've noticed (although I don't know if this always holds true) is that if I notice the change over while the price is hovering over the wick of the candle (not the thick body, but the thin line above or below it) I will hold off. It seems making entries at that time is bad news as the price often corrects its self down to the body. But again, I'm not as certain of that and would like to know others thoughts on it.

Jason
  • #167
  • Jul 18, 2006 4:08am Jul 18, 2006 4:08am
Has anyone been using the HAT lately? How is it going? I am seeing a few nice trades that could have been taken lately. Or, has anyone thought of a good way to add/modify the HAT? Just curious
JOHN 3:16
  • #168
  • Jul 18, 2006 7:54am Jul 18, 2006 7:54am
Quoting renasdad
Has anyone been using the HAT lately? How is it going? I am seeing a few nice trades that could have been taken lately. Or, has anyone thought of a good way to add/modify the HAT? Just curious
I'm still playing with it. I think it works rather well, but my problem is figuring out my exit strategies. And if I want to get up at 1:00am to trade the London session...

J
  • #169
  • Jul 18, 2006 2:56pm Jul 18, 2006 2:56pm
Quoting renasdad
Has anyone been using the HAT lately? How is it going? I am seeing a few nice trades that could have been taken lately. Or, has anyone thought of a good way to add/modify the HAT? Just curious


I set up a short on EUR/GBP last night, which played out nicely today. Although I'm not sure if the sell off on Eur today was due to some fundamentals that I was not aware of. For an exit I moved down to then 1 hour chart and used supp/resis/trend etc. ( I can live with 20% to confirm trend, but find it hard leave 20% behind!!)

I really like this method, thanks 2B.

Am going to use it as an extension to VWB.

L1
  • #170
  • Jul 18, 2006 6:20pm Jul 18, 2006 6:20pm
I'm still trying this method. I like the daily charts, and for the short time I've been testing, it appears to be profitable, and rather simple. I've tried smaller charts and can definitely see why people recommend the higher timeframes. I would like to use a trailing stop; not to stop most of the trades, but to prevent a drastic loss. I'm just not sure yet how much breathing room is necessary.
  • #171
  • Jul 19, 2006 2:51am Jul 19, 2006 2:51am
Although it is just the combination of 3 indicators and a few rulesets; I hope that the HAT has helped some of you to either profit or think "outside the box".

From the looks however of the use of the T3 indicator that has exploded on FF these past few days, I'd say the HAT has had quite some influence on some of you.

That said...

I have abandoned the HAT for something that is superior in every way. So I will now unofficially BSD style license the hat. Do with it as you wish, made whatever changes you want to or need to.

Enjoy.
google:
  • #172
  • Jul 19, 2006 2:55am Jul 19, 2006 2:55am
Quoting twoblink
Although it is just the combination of 3 indicators and a few rulesets; I hope that the HAT has helped some of you to either profit or think "outside the box".

From the looks however of the use of the T3 indicator that has exploded on FF these past few days, I'd say the HAT has had quite some influence on some of you.

That said...

I have abandoned the HAT for something that is superior in every way. So I will now unofficially BSD style license the hat. Do with it as you wish, made whatever changes you want to or need to.

Enjoy.
What is this new method/system and are you willing to share? :-)

Jason
  • #173
  • Jul 19, 2006 2:59am Jul 19, 2006 2:59am
Quoting jlowder
What is this new method/system and are you willing to share? :-)

Jason
Dude, hasn't he given enough? Maybe hs is working on something very interesting and isn't ready to share yet. I'd say with the right way of thinking, this system could explode a persons profits.
JOHN 3:16
  • #174
  • Jul 19, 2006 3:02am Jul 19, 2006 3:02am
Quoting twoblink
Although it is just the combination of 3 indicators and a few rulesets; I hope that the HAT has helped some of you to either profit or think "outside the box".

From the looks however of the use of the T3 indicator that has exploded on FF these past few days, I'd say the HAT has had quite some influence on some of you.

That said...

I have abandoned the HAT for something that is superior in every way. So I will now unofficially BSD style license the hat. Do with it as you wish, made whatever changes you want to or need to.

Enjoy.
I don't need to tell you how your posts have helped me focus on my own methodology.
I'm sure you'll be back buzzing when the sauce has 'reduced' to the perfect consistency for the Forex kitchen.
Look forward to your next thread
Peter
  • #175
  • Jul 19, 2006 3:04am Jul 19, 2006 3:04am
Quoting renasdad
Dude, hasn't he given enough? Maybe hs is working on something very interesting and isn't ready to share yet. I'd say with the right way of thinking, this system could explode a persons profits.
But for him to come in and announce that something better has been created is, to me, simply a way of stating that he is probably going to do it anyway. I was just responding to show interest, not to nag. Take it easy... Sharing information and ideas is the whole point of this place. I think he realizes we appreciate his efforts.

J
  • #176
  • Jul 19, 2006 8:38am Jul 19, 2006 8:38am
Actually, I realize "some" appreciate my efforts; and the efforts of others. I also realize that others are here simply to leech and contribute nothing.

I PM quite a bit, those who give intelligent feedback, and I try to ignore the freeloaders that burden me.

As for sharing the new method; that's still up for internal debate.

Look at the HAT thread. How many suggestions and improvements did I get on it? I've gotten 4 improvements on it, and they are all from PM's from others. So far, looking at the thread, the contribution has been luke warm at best..

I haven't seen a reason why I should share. Those whom I can benefit from, I have already shared with. The quickest way for not just me, but anybody not to share, is for others to expect that they SHOULD share, or somehow are obligated to share.

Sounds snobbish I know, but if and when I share, it will be when I'm good and ready.
google:
  • #177
  • Jul 19, 2006 9:10am Jul 19, 2006 9:10am
Quoting twoblink
Actually, I realize "some" appreciate my efforts; and the efforts of others. I also realize that others are here simply to leech and contribute nothing.

I PM quite a bit, those who give intelligent feedback, and I try to ignore the freeloaders that burden me.

As for sharing the new method; that's still up for internal debate.

Look at the HAT thread. How many suggestions and improvements did I get on it? I've gotten 4 improvements on it, and they are all from PM's from others. So far, looking at the thread, the contribution has been luke warm at best..

I haven't seen a reason why I should share. Those whom I can benefit from, I have already shared with. The quickest way for not just me, but anybody not to share, is for others to expect that they SHOULD share, or somehow are obligated to share.

Sounds snobbish I know, but if and when I share, it will be when I'm good and ready.
The thing is, in all likelyhood there are few people on this board who are capable of contributing information of value to your work. A great many of us are new and are looking to learn from people like you who have the experience and greater understanding of the markets/TA. If I had something of value to contribute to the success of your work I most CERTAINLY would do so.

Another point, from reviewing your sauce threads, is do you honestly think many people here have the same grasp of the mathematics that you frequently quote in the explanation of your thoughts? Your analysis of things is, sometimes, way out there...

If you can come up with a means by which we can contribute to your work, please say how and I will gladly do so. All I can think of at the moment is to have "normal" people run tests using your methods to your specifications.

So I apologize if you feel that some of us (including me, apparently) are just here to leech. It's not the case. And yes, your work is greatly appreciated.

Jason
  • #178
  • Jul 19, 2006 10:58am Jul 19, 2006 10:58am
Jason,

First, I wasn't singling you out at all.

Second,if you were me, what would you do? I can:

A) Spend time on a private forum with a bunch of geniuses who are way smarter than I am and I can learn from..


B) Throw something onto FF, get no feedback, and every other thread is "Do you have this for MT??" Take a look at this thread, and more so my old OCC thread, and you tell me what I should do...

Nobody is paying me to contribute, I contribute to give back. But when it becomes a burden, then I have to start questioning the value of giving back.

My math is "way out there". OR.. is the question "Why isn't your math way out there as well?" I do not make apologies for the math I know, because I took a college calculus book, sat down with it, and read it 14 hours a day, for 2 weeks. That's how I learned my calculus. Almost everything I know, is self-taught. I sometimes almost feel "guilty" that most aren't up to certain levels. If someone is explaining someone that I don't understand, I scramble to catch up. I never ask them to "can you give me a template so I don't have to understand it and can just install it?"

Being a newbie is reading first, and then asking questions; or asking questions about what to read up on so they can ask intelligent questions. Being a leech is not reading a thread or the supporting information and
asking the same stupid questions... Everybody knows who they are, and which catagory they fit into.

For example, I wasn't born with the knowledge of a T3 indicator; I typed "T3 indicator" into google and read the first 50 results; that's what I do with every topic. That's how I learn.

I won't lie, I've made money and I've lost money in the forex. Like almost everybody else; I've lost more than I've made. That is what made me decide that I haven't been working hard enough at it.

I can tell you right now, I can give most of the folks all the indicators in the world, and they will still lose lose lose their money and the shirts off their backs. The indicators aren't what important; most of them are lazy, fat, or lazy and fat; and their work ethic shows they are looking for the quick buck off of hardworking people like me.

How I'm suppose to "support" people like that by donating my time; I can't even begin to comprehend how people think this is right.



At times, I want to reply to every stupid post with "Who is John Galt?" If a bunch of people one day disappear because they get sick and tired of answering stupid questions, and all move to some little secluded place in Colorado, don't act surpised.
google:
  • #179
  • Jul 19, 2006 11:20am Jul 19, 2006 11:20am
Quoting twoblink
At times, I want to reply to every stupid post with "Who is John Galt?" If a bunch of people one day disappear because they get sick and tired of answering stupid questions, and all move to some little secluded place in Colorado, don't act surpised.
"Happiness is that state of consciousness which proceeds from the achievement of one's values."

Peter
  • #180
  • Jul 19, 2006 11:23am Jul 19, 2006 11:23am
Quoting twoblink
Jason,

First, I wasn't singling you out at all.

Second,if you were me, what would you do? I can:

A) Spend time on a private forum with a bunch of geniuses who are way smarter than I am and I can learn from..


B) Throw something onto FF, get no feedback, and every other thread is "Do you have this for MT??" Take a look at this thread, and more so my old OCC thread, and you tell me what I should do...

Nobody is paying me to contribute, I contribute to give back. But when it becomes a burden, then I have to start questioning the value of giving back.

My math is "way out there". OR.. is the question "Why isn't your math way out there as well?" I do not make apologies for the math I know, because I took a college calculus book, sat down with it, and read it 14 hours a day, for 2 weeks. That's how I learned my calculus. Almost everything I know, is self-taught. I sometimes almost feel "guilty" that most aren't up to certain levels. If someone is explaining someone that I don't understand, I scramble to catch up. I never ask them to "can you give me a template so I don't have to understand it and can just install it?"

Being a newbie is reading first, and then asking questions; or asking questions about what to read up on so they can ask intelligent questions. Being a leech is not reading a thread or the supporting information and
asking the same stupid questions... Everybody knows who they are, and which catagory they fit into.

For example, I wasn't born with the knowledge of a T3 indicator; I typed "T3 indicator" into google and read the first 50 results; that's what I do with every topic. That's how I learn.

I won't lie, I've made money and I've lost money in the forex. Like almost everybody else; I've lost more than I've made. That is what made me decide that I haven't been working hard enough at it.

I can tell you right now, I can give most of the folks all the indicators in the world, and they will still lose lose lose their money and the shirts off their backs. The indicators aren't what important; most of them are lazy, fat, or lazy and fat; and their work ethic shows they are looking for the quick buck off of hardworking people like me.

How I'm suppose to "support" people like that by donating my time; I can't even begin to comprehend how people think this is right.



At times, I want to reply to every stupid post with "Who is John Galt?" If a bunch of people one day disappear because they get sick and tired of answering stupid questions, and all move to some little secluded place in Colorado, don't act surpised.
I think first and foremost you need to concentrate on what works best for you. So if you prefer to concentrate your efforts in a private forum with people smarter than you - do so. Nobody can bitch about that.

I think the issue here is that you've chosen to share your knowledge with others on this forum knowing full well that there are people who will choose to not take time to read and try to understand what you're doing. Then you get upset about this fact. It just seems to be part of the environment. Also, you need to understand that not everyone here has the time or ability to spend 14 hours a day with a calc book and come out understanding what they just read. Most people simply are not that smart. I consider myself to be a reasonably intelligent person and I admit I don't think I could do it.

Another thing to consider here is that I think some people view this as somewhat of a social thing, whereby posting messages like "who is John Galt" is simply talking - they didn't see it as an imperative to go google his name. It's like having a conversation..

I guess I'm just trying to say that I think you're taking this a bit too hard.

If there is something specific you are looking for when you post information, ask for it. If you don't want people posting conversational questions without doing the research - make it a disclaimer up front and then simply ignore those that don't follow your wishes. But you have to understand that there will always be posts like that.

Jason
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