HAC & RAC - A Simple-Minded Approach

Thank you Strongtrader for the words of encouragement. I actually have felt that a larger door is opening for me; one that I could never have anticipated.

All this transition has been surprisingly easy and joyful, to be quite honest about it. Moreover, that 'voice' I keep telling you guys about actually led me around, telling me this and that, etc... so I'd know where to go and what to do. I think learning to trust that has made me the happiest man on earth.

I'm sorry for your situation, but you're a true man and a great Trader.
You'll see that things will change and you will have great satisfactions from life.
Above all, try to keep serene your mind .
God bless you and protect your family.

That's very kind. Thank you

The last terminal build number is 1010. The both HAC and RAC indicators are not working in that build. Is this my only bug or common problem?

Hi Rammstein, it is working for me, I am running Talinex MT4 build 1010, live account, and working no problem.

Hm.... Thank you, Timo, for answer!

Now all those indicators work properly. I don't know - what it was?

Does anybody know - does Almuten trade Forex, or no? He has no activity here for a long time...

Hi Everyone,

After a few PMs I thought it might be nice to post something and let everyone know what's going on with me. First of all, I'm not trading anything, but I do look at charts every day and explore different possibilities on how to manage the H&R better. It's still fun for me. More on that in a bit.

Even though I'm not trading or even making regular money on a consistent basis, life has turned into an incomprehensible stream of joy and peace for me. I literally live by prayer and miracles. I never know what any day, or even any moment, might bring, but I've never lacked anything I've needed for these many months. Most of my time is spent in meditation, study of sacred texts and teaching. A bit of distance from trading, right?

I think I've always wanted to do this "trust experiment," you know? It was a desire to be free from fear and to know what true freedom is. But I'll tell you what drove me to this. It was TRADING! The anxiety, the uncertainty, the hope and the despair - all of it - brought out a deep yearning for something to count on; something that wouldn't cost me my freedom. After all, what could be worse than an imprisoned will?

It's more than just trust and having my needs supplied, though. Through all of that there's been a relationship with the Divine established. And along with that comes daily guidance that inevitably leads to peace and complete freedom for me. Will I ever trade again? I have no idea. But what was it originally for anyway? Was it not to have freedom? Why seek for what's already here? And therein lies the dilemma.

But I still love those charts!

I have a couple of ideas that might be useful. For the past several months I've been using an M15 chart with a Benford on it - standard, original settings. I put it on by 'accident' one day and checked to see if it might help predict larger moves such as H&R signals on H4. It appears to work very well for that purpose.

The other idea would be for a dashboard to measure the 'tightness' of signals between one time frame and the next, but I haven't worked out the most feasible way (and least CPU intensive) to do that just yet. Perhaps somebody has a good idea or two on how to accomplish that.

I want to thank everyone here once again for the encouragement and support. I thoroughly enjoy sharing what I have and by doing so, it seemed to have returned something more to me on many levels. If anyone ever asks the question "Where's Almuten?" You can find me on my Youtube channel. I pretty much document my "trust experiment" and the things I learn on here: https://www.youtube.com/playlist?lis...VSN9ac3rk7FEgG

May your minds be at peace and your wallets full of green pips!

Almuten

Wow , what a wonderful surprise Kris ! I am very very happy because you have been able to overcome your material problems and now you're in a condition of happiness and peace.
Moreover , I am happy because you continue to be interested to Forex : we can not waste a brilliant mind like your !
However, I'm going to see your videos on Youtube...
That the Divinity can be always with you .

Alright...

Now you guys might think I'm nuts with my 'being led' thing, but here's what came out of a 2 hour meditation. I felt like I had to use a HAC indicator in histogram format (see attached). What I did next was to put ATR bands on it. I used a standard 14 period ATR and made one positive and one negative.

The HAC histogram measures the distance of the closing price from the HAC line (close - HAC).

The ATR lets me know the signal strength. The best trades (seemingly so far) are the ones that have the histogram break the ATR band when the candle is still touching the HAC line or 1-2 periods after. If it takes longer than that to break the bands, the probability of a choppy market and/or failed trade goes up greatly.

I didn't know how to program the ATR into the HAC oscillator so I overlaid it and adjusted the scale on all three indicators so they matched up in scale.

But here's what I'm thinking. What if a dashboard were to give alerts on all tracked markets; perhaps on different time frames, that met the criteria of breaking the ATR bands? That way they could all be monitored easily. Also, the larger TFs could be checked for overall trend strength. For example, if H4 was running strong over its ATR band and the M15 gave a very strong signal, it might be a better probability that it will hit a 3x target, etc...

Comments welcome!

Almuten

Visually, it seems to be really nice.
About exits, do u still stay with your initial rules?

Hi Almuten, it's nice to hear from you again. I also watched some of your videos, and I like them.

Just a question, how did you set up the scale in the indicators to read like they read? I tried, but cannot get it to look like your screen. It seems like your onto a another good idea once again, but can you explain it a little more so i can try to set up my screen to look like yours? Thanks.

Hey manuoz,

I'm not entirely sure about the exits. I would seem to be a good idea to use the original exits. Bear in mind that the purpose of this is to create a simplified dashboard; something that doesn't require loads of CPU power to operate a dozen or more markets on.

Hey Timo7,

I've attached the indys I used on the screenshot above, along with a template. Since I'm not much of a programmer, I didn't know how to integrate the ATR indicators into the HAC oscillator, which is why I had to create a separate ATR indicator (by using the original one and multiplying by -1) and also adjusting the scaling for all three. If I was more clever I could have integrated the ATR into the HAC oscillator itself. Perhaps someone here would know best how to do that.

Once this is accomplished, I think the next step would be to search for true/false scenarios such as:

1. If any part of the candle is touching the HAC line = TRUE
2. If #1 = TRUE on the current bar OR 1 bar ago AND HAC oscillator is > or < than ATR band= TRUE
3. If #2 = TRUE and HAC oscillator is < ATR band, then = potential short scenario
4. If #2 = TRUE and HAC oscillator is > ATR band, then = potential long scenario

Now if there's a legitimate scenario brewing, then it makes sense to check out the RAC, etc... and verify everything. Again, this is just to enable a person to have a quick & ready overview of various time frames and markets. Great trades tend to happen under these conditions and most often tighter stops can be used. When these conditions aren't present, the trade tends to fail or only reach a 1x or 2x target.

Almuten

ps: thanks for watching my vids

Tanks, so will work on the alert this evening then i will post it here

You da man!

A Note on Template Scaling:

I know at least a few people are going to notice that my template scaling, with some markets at least, is going to show a solid blue line and no histogram at all. When I originally made this template I was playing around with GBPJPY, which is one of the more wily and volatile markets out there. For that market, a scaling of -1 and +1 works well. Others won't.

So if that scaling doesn't work with your favorite market you'll have to change it to whatever does work. But DO REMEMBER to change the scaling on all three indicators.

Something New...

After a long and patient wait, I'm nearly ready to begin trading again. At last, life circumstances have afforded me an ideal situation in which to operate from day to day. But I've been refining a few things because trading is going to be my means of self-support and because I only have a small account, I must find many high-probability opportunities. I'm sure some of you are in similar circumstances.
Attachment G
Most of the concern people have is with finding great setups that are well-defined and simple.

Recall the main method of using the RAC indicator in combination with the HAC. In that method, there were a couple of elements that I'll be using with this one. In particular, the 80 and 20 levels.

This method is simpler in a couple of respects:
1. First, there are no multiple time-frames involved (although one would be wise to consult higher TFs for similar, in-progress trades).
2. There is no HAC line
3. An adaptive stochastic is used instead of the RAC.

The Adaptive Stochastic is just like a normal stochastic, except that the period length is adaptive. It is slowed by 3 periods to ensure smoothness. I've also taken out the second line (or hidden it, really) because it isn't needed.

The Setups:

Setup #1 Rules:
1. The stochastic breaks the 20 level to the upside. It MUST clear it completely for accurate profit target calculating.
2. When the stochastic has cleared the 20 level, it must also have broken a trendline (see below)
3. It MUST close in the direction of the trade. If the trade is long, then it must close UP.

Below is a screenshot of the ideal long setup:

Profit Targets:

This method is similar to the regular HAC & RAC, but instead of using a line drawn on the chart, we use the high of the trigger bar. The usual profit targets are considered. See below: