All I need in this life of sin is Aroon + HeinkinAshi

Nothing new. Little in the trading world is. Before I even get started I must say that everyone must use the information they find in this or any other thread as a guide for finding your own unique method of analyzing and attacking the markets. I cannot seem to trade any system other than my own; I have however learned a lot from other systems. So please use the info that follows as a different way to look at the market or use some of the tools as additional filters or guides for your own system or methods.

Now on to the good stuff.

What I use:

4 hr charts for trend determination
15 minute charts for pinpointing entries
HeinkinAshi (HA) candles
Aroon Indicator (13)
Adaptive Laguerre Filter (21) (optional)

From the previous 4 hr chart I can quickly see (1) Aroon is indicating a new downtrend is starting (2) HA candles are in agreement with a downtrend and (3) price is below the adaptive filter.

What does this mean? It means I am looking for shorts - nothing but shorts.

Dropping down to the 15 minute chart I notice that both lines of the Aroon indicator are below 30... I am not going to get to deep into how to use Aroon - there is plenty literature out there that covers that, but if both lines are below 30 there is no trend. So with price in a consolidation phase, it's time to spend some time with the lady or read a book or whatever, just don't trade.

Thanks for sharing your trade setup idea.
Would it be too much to ask you to share your Aroon & Adaptive Laguerre Filter indicators also?

Concerning indicators, I do not use MetaTrader. I use C-Trader and all of the indicators except the Adaptive filter are standard.

4hr and 15 minute view with some support and resistance levels to watch (sbut are wing highs/lows and pivots). These levels are only used as guides to where price may pause or reverse. On the 15 minute I will use the daily pivot as an indication of what direction to trade. If all other signals say short and price action is above the pivot, I will wait until price is either below the pivot or stalls a know resistance point.

How do you decide when to exit a trade? Change in HA candle colour?

For anyone wanting the MT4 indicators, here they are.

cross of 34 period simple moving average

Thank you for the thread. Please state the rules in full.

You have to be difficult don't you? Why can't you fall in line like the rest of us sheeple and use what we all use dammit?

cTrader is the future - MT4 is very dated now but a lot of our favourite indicators can be converted by using cAlgo. Give it a try, it's free.

I know you MME so for you specifically I would say - if it aint broke....

Looks like a profitable system.

Interesting thread. Would you mind sharing your settings for the Laguerre indicator? Like price type (close/open etc. and gamma number?) Thanks!