I hope I am wrong, and that the original poster does come back.
I said what I said though because:
I have followed this thread for a long time.
The poster soon quit posting after the thread began, never really answering any questions he/she was asked (poor etiquette IMHO, since the original poster didnāt mind taking up peopleās time who read the thread, but couldnāt be bothered with actual questions).
Each time the thread is updated, anyone following it would know, so if the original poster is knowing that people are posting and asking questions (I asked MONTHS and MONTHS ago and never got a response), then either the original posterdoes not care to clarify, or is not following his/her own thread.
Anyways, I doubt anyone (including myself) have waited solely for this thread to pick up steam. I follow it, am interested, but without the original poster, I will probably do as I do now and concentrate on other things that have proven profitable, on threads/forums where people donāt mind answering questions about methods on threads they start. Iām not a mind reader, nor should I have to be.
I very rarely look at any charts [B]EXCEPT[/B] with the Heiken Ashi option enabled. They are [I]soooo[/I] smooth! I have quite a few ideas/systems which use the Heiken Ashi (HA). The simpliest is this:
Go with the colorāwhen the color changes you exit.
This is far from perfect, but it is indeed very simple.
Allow me to gather my thoughtsāthis is the first time Iāve seen a thread involving HA, and I certainly wish to participate.
I was just reading the whole forum. Itās too bad the original poster disappeared without helping us understand better. The thread does seem dead Potaire, but I would like to hear of your recent observations as you mentioned on the 17th
Or if itās mostly different than the strategy introduced here, maybe you should start a new thread, but do let me know if you do!
Well, I understand why he never came back. The system is so easy to apply and it really works. Just read and try it. Stop guessing as you can backtest/forwardtest it.
I personnally use a variation of the same system and see the outcomes:
Anyway, You can ask me whatever you want to apply this strategy. Of course, you can make it yours like I do adding your own beloved indicators or tricks (dojis, price action, support/resistance, fibo, etcā¦)
So basically the strategy uses Heiken Ashi indicator with Stochastics (The original author was not using Bolligner Bands anymore as he said it didnt work for him).
I like Heiken Ashi as I use it successfully in my daily trading and itās simple to find trend direction. I was looking for a way of coupling it with another indicator to detect overbought and oversold levels when I found this thread from Google.
You see, I make EAs, and so I need specific rules to put into an EA of a proven strategy. If someone wants to provide rules for a proven strategy, then Iāll most likely be willing to make an EA for it. But so far in this thread, not enough has been given regarding settings for indicators used, a template could have been given, and specific rules given. Without those, then trying to make an EA is a futile effort.
Hello Stephanie02, I am interested in your method using Heiken Ashi and stochs. Have you simplified the original authorās method? I would appreciate an insight into your developments, if you donāt mind. Sounds interesting.
zipster31
Iām actually working on how I can āpersonalizeā it. For example, Iām trying to test it with the ADX Cros and Stochastic indicators. It seems to be working fine. But, as I like swing trading my reference timeframe is W1. I have also made an EA which gives me some infos about Heiken Ashi bars on other tf (D1,H4,H1,M30,M15 and M5) for proper entry.
Would be interesting to see how your EA for a correct entry performs. I am worried about the no stop loss issue though. I have never used Heiken Ashi before but am impressed by itās ability to show the trend and can see itās potential to help in judging how long to stay in a trade. This I think would be a great benefit combined with a good system for correct entries with small stop losses. I am confident with the correct entries and small stop losses so would appreciate any help with knowing when to exit the trade using Heinken Ashi. I will show my stats page as soon as I have made enough trades, the stop losses are shown as well.
Hi, stop loss 20 or 40 or even 60 will perform same amount if you manage your account. I also use Heikin Ashi and Iād like to share this strategy with you.
Please zoom out 4h tf to see the main direction.
Add Heiken Ashi, William %, EMA 10, EMA 20 and EMA33 into your chart.
In 1H tf , please draw GREEN vertical line when EMA 20 crosses EMA 33 from below to above and vice versa with RED vertical line , EMA20 crosses EMA33 down.
If 4H Bullish, 1H bullish ( because you have Green Vertical Line ) then please go to 15m TF to find an entry signal.
When William % is in the bottom, and Heikin Ashi has change it colours from red to white, you may open BUY. Set your SL for 30 to 40 pips and target must be between 70- 150 pips.
Risk maximum 3% of your capital
i.e. your capital is $1.000 that means your risk is $30. You must use amount (30x100)/40 = $75 if you use 40 pips SL. If you use 30 pips SL your entry amount must be (30x100)/30=$100.
If you win the trade with SL 40 pips = $75 x 100 = $75 . or if you lose = $75 x 40% = $30
If you win the trade with SL 30 pips = $100 x 100 = $100. If you lose = $100 x 30% = $30
7. In case you are already floating win 70 pips and the price turns againts you , you have two choices to exit. 1. exit the time Heiken Ashi change it colours to red or 2. exit when EMA 10 crosses EMA 20 down.
In strong trending you will make a lot of pips doing this style.
Cool. The EA I made is not trading. It just tells me when a possible entry point is on. I made it because I sometimes miss some signals being busy on my job. About SL, of course I cannot trade without a SL but I was just try to find a good way to set the SL.
Just buy the crossing of the Stochs MAs (blue) coming from the < 20 area and opposite for selling. If you are an agressive Trader i think you can trade every crossing when the Price action looks in your favour.
