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High Flying Trading (HFT) Method

  • #381
  • Feb 15, 2016 5:36pm Feb 15, 2016 5:36pm
Quote
Perhaps , you are emphasizing the three taps point? Along with cross of EMA, also confirm the three taps? Am i right? What would be precise definition for three taps?

You're right, I look for any three taps once the candle closes below the 34SMA. As long as any three wicks hit a trend line I draw, they don't need to be three in a row either. The chart I attached chart is a good example. Also notice the second red candle under the 34 SMA takes out two swing lows, in other words, it closes below two swing lows.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD M5.png Size: 73 KB
  • #382
  • Feb 15, 2016 10:29pm Feb 15, 2016 10:29pm
Nice setup earlier this evening.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD M5 Chart.png Size: 80 KB
  • #383
  • Feb 16, 2016 6:51am Feb 16, 2016 6:51am
Quoting Darryl
Nice setup earlier this evening. {image}
Wonderful Darryl. The trendline you draw and continuous failures to cross it is a great indication of trend change. And crossing of 34 SMA and taking out previous swings is a very good indication that Pair is getting momentum.

I am somehow testing a different flavor of HFT. Off course cross of 34 SMA is no guarantee of trend change. Extremely danger . Also the method lakes consistancy across multiple timeframes. You will be getting a Long signal on one TF but on other TF , you will be getting signal for going Short. but mixed with few other things and improvement in the trigger can generate excellent results. I am testing the method on two timeframes (H4, H1) and till now results are excellent. Lets see its continuity.

Note: Personally, i believe that without the study of Daily chart, Its almost impossible to detect trend change on H1.
Forex; the game of movements not the game of candles.
  • #384
  • Feb 16, 2016 9:29am Feb 16, 2016 9:29am
Another nice set up this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY M5 Chart.png Size: 80 KB
  • #385
  • Feb 16, 2016 4:24pm Feb 16, 2016 4:24pm
Quoting SmoothTrader
{quote} The NLD does not repaint after the candle has closed, so that is why I do not take a signal until the open of the next candle. How do you like the cTrader platform?
Hi!
Thank you for your notice regarding waiting for the candle close.
I like cTrader, because the user interface is modern, C# .NET programming capabilities
and no MT Virtual Dealer Plugin. Many different timeframes including ticks.
Web platform looks nice.
From the second side it needs more computer ressources and ofcourse there are lot more written indicators, EA-s, etc for MT.
Even I did not find how can I add scripts in cTrader.

Rgrds,
SP
  • #386
  • Feb 16, 2016 6:48pm Feb 16, 2016 6:48pm
Quoting SuperPip
{quote} Hi! Thank you for your notice regarding waiting for the candle close. I like cTrader, because the user interface is modern, C# .NET programming capabilities and no MT Virtual Dealer Plugin. Many different timeframes including ticks. Web platform looks nice. From the second side it needs more computer ressources and ofcourse there are lot more written indicators, EA-s, etc for MT. Even I did not find how can I add scripts in cTrader. Rgrds, SP
cTrader sounds like it may be a viable alternative to the MetaTrader fiasco that we have to deal with now. By eliminating the MT Virtual Dealer Plugins the broker is admitting that they will play fairly without any trying to mess with you via back-office tricks to maximize their income. As to the point about computer resources, if it has the capability to function on more than one of your computer's cpu cores at a time (MT4 is limited to a single core) that would be light years ahead of MT4.

As to indicators, scripts, and EA's, as long as the MQ4 file is available then it should have the ability to be rewritten in C# or .NET fairly easily. My broker offers cTrader so I might have to get it and start playing with it. Thank you for your insights, and I'm glad that I was able to clarify why we wait for the candle to close.

GREEN pips to you my friend.
  • #387
  • Feb 16, 2016 8:14pm Feb 16, 2016 8:14pm
Quoting Darryl
Another nice set up this morning. {image}
Hi Darryl!
Please tell me when do you enter the trades? Is it on the first candle that crosses the SMA?
  • #388
  • Feb 16, 2016 10:22pm Feb 16, 2016 10:22pm
Yes, I look for the first red candle to cross and close below the 34SMA.
But I also want to see those three taps. Then I enter a trade. If I don't
see those three taps, then I wait for the next candle to fully open and
close below the 34 SMA, gives me confirmation that the price is headed
down hill.

But at this point, I have to say that I'm looking for other things too.
For example, and this important. In the above chart that I posted
post 385, I look at the red candle that crossed and and closed
below the 34 SMA. It is the candle with the third tap. There is
something else going on with that candle. The upper wick is
greater than two out of three of the upper wicks directly before it
and the upper wick is greater than three out of three candle
bodies directly before it. I look for this stuff all the time.

Well. its almost 10:30 PM here in Houston TX.
Time to turn off the computer for the night, until tomorrow.



This is just the way I trade now. I don't use any indicators,
they just look good in hindsight.
  • #389
  • Feb 17, 2016 4:10am Feb 17, 2016 4:10am
it's a very good strategy by the OP. my respect goes to the OP for sharing it to the public.

my personal inputs here,

higher high and higher low in an up trend and lower high and lower low in a down trend are still the key, which can be combined with the MAs for better understanding of the market intention.
  • #390
  • Feb 17, 2016 8:34am Feb 17, 2016 8:34am
Hi I read 10 pages of this thread I got the concept the only question arises in my mind is what's the idea behind using MA34, why dream liner choose this no. If this has been answered e before accept my apologies and Plz tell me again. Thanks
  • #391
  • Feb 17, 2016 9:29am Feb 17, 2016 9:29am
Quoting Sargent
Hi I read 10 pages of this thread I got the concept the only question arises in my mind is what's the idea behind using MA34, why dream liner choose this no. If this has been answered e before accept my apologies and Plz tell me again. Thanks
As far as I know, that is a number and trigger that Dreamliner was comfortable with and was used to show the simplicity of a trigger choice without too many filters. He did mention that it was just a choice and that he was not saying that it was the only choice. In fact he encouraged traders to find whatever they were comfortable with.

GREEN pips to you Good Sir.
  • #392
  • Feb 17, 2016 12:44pm Feb 17, 2016 12:44pm
Quoting SmoothTrader
{quote} As far as I know, that is a number and trigger that Dreamliner was comfortable with and was used to show the simplicity of a trigger choice without too many filters. He did mention that it was just a choice and that he was not saying that it was the only choice. In fact he encouraged traders to find whatever they were comfortable with. GREEN pips to you Good Sir.
Thanks for the answer
Good luck
  • #393
  • Feb 18, 2016 12:28pm Feb 18, 2016 12:28pm
34 SMMA seems to just have price respect it more than 20 SMMA or 50 SMMA.
L.S./M.F.T.
  • #394
  • Feb 18, 2016 3:45pm Feb 18, 2016 3:45pm
Quoting Lsmft
34 SMMA seems to just have price respect it more than 20 SMMA or 50 SMMA.
Also Fib number.
  • #395
  • Edited 8:36am Feb 19, 2016 8:04am | Edited 8:36am
Quoting SmoothTrader
... I personally use a different trend finding method, and it works just fine for me. ...
Dear SmoothTrader,

May I ask, what pairs are you trading on?

With regards,

SP.
  • #396
  • Feb 19, 2016 1:16pm Feb 19, 2016 1:16pm
Quoting SuperPip
{quote} Dear SmoothTrader, May I ask, what pairs are you trading on? With regards, SP.
I trade a basket of pairs: A/J, A/U, Cad/J, E/A, E/J, E/N, E/U, G/A, G/J, G/N,G/U, N/J, N/U, U/Cad, and U/J.

This is just my preference, and is no means the definitive or perfect basket for trading. I avoid the Swiss pairs because of the antics that the SNB pulled in Jan of 2015. I do not trade the exotics because of the size of the spreads which can be quite large, and that's also why I don't trade the other Cad pairs either . I don't trade the E/G and the A/N because they are closely correlated and not too volatile.

GREEN pips to you Good Sir.
  • #397
  • Feb 19, 2016 5:16pm Feb 19, 2016 5:16pm
I tested this method (with few modifications), It works much better on offline charts for basket trading. This week, I got three baskets (260 PIPS (AUD)+460 Pips(GBP) +170 Pips (CAD) ), all three closed in profit. will continue the testing next week. The TP exit needs to be much better.
Forex; the game of movements not the game of candles.
  • #398
  • Feb 20, 2016 1:39am Feb 20, 2016 1:39am
Quoting sajidkust
I tested this method (with few modifications), It works much better on offline charts for basket trading. This week, I got three baskets (260 PIPS (AUD)+460 Pips(GBP) +170 Pips (CAD) ), all three closed in profit. will continue the testing next week. The TP exit needs to be much better.
Thanks for information. Could you detailed explain "offline charts for basket trading"? Thanks.
  • #399
  • Feb 20, 2016 4:34am Feb 20, 2016 4:34am
Quoting sajidkust
I tested this method (with few modifications), It works much better on offline charts for basket trading. This week, I got three baskets (260 PIPS (AUD)+460 Pips(GBP) +170 Pips (CAD) ), all three closed in profit. will continue the testing next week. The TP exit needs to be much better.
Hello sajidkust.

You mean you build a basket with 7 pairs AUD,7 pairs with GBP and 7 pairs with CAD so will be totally 3 baskets?

if yes what time frame you use?

Thanks

Regards
  • #400
  • Feb 20, 2016 5:00am Feb 20, 2016 5:00am
Quoting lifon
....
Quoting howa61
...
I am feeling difficulty in attaching the required template and indicators here. Kindly PM me your's email addresses, I will mail the required stuff.

As a general info for you howa61, I donot basket like this. I have separate baskets for the base and quote pairs of AUD,CAD,CHF,EUR,GBP,JPY,NZD,USD. So 12 baskets in total excluding GBP quote pairs and CHF base.
Forex; the game of movements not the game of candles.
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