We will add a little useful tool to our indicators which is, the Gann Hilo Activator set to 3 (default).
We will use it to confirm our entry and exit as well, make them more accurate, and gives us potential to trade swing setup.
We will add a little useful tool to our indicators which is, the Gann Hilo Activator set to 3 (default).
We will use it to confirm our entry and exit as well, make them more accurate, and gives us potential to trade swing setup.
I had more stop losses than take profit with this system. Maybe this was just bad luck, or I put stop losses to close (on 10-12 pips). I donāt know, I will try more with this but, if I continue to lose I will abandon it. If you have some advice, I would appreciate it.
Hi zextapo:
You probably should take a relook at your choices for placing a stop loss. 10-12 pips isnāt normally enough room for the pair to flex and go through itās normal course of gyrations as it wonders up or down the graph/chart. Read up a little more on the subject. Elang as posted some great ideas on where a stop loss should go. Heāll often state something to the effect of āplace your stop at the pairs most recent high before it started downwards or at its most recent low before it started on its upwards trek.ā
Please add the Gann Hilo Activator to the method. Check results again with Hilo, I assume you demo trade first.
Too bad my softwear doe`s not inclued this indicator by default!
Try VT Trader.
Gann Hilo is very important now, it eliminates many fakeouts, and confirms your entry/exit with lowest loss - maximum profit possible.
ok,thanks, i will!
Sow its bee quite a while since you
re useing your system, hows it going so far? If it
s okay with you, than you might even tell us your overall pip gain!
I am not trading nowadays, you can say finding another broker. So I am not up with the method, but sure I will complete developing the method when I am ready to trade again.
So what are the rules when ADX < 20? Do you trade or not?
I personally do not take trades when ADX is below 20. But thatās discretion.
I am sorry cause I am not updating with signals, cause I am developing this method to put a suitable Gann Hilo Activator
By the way (If thatās you in VT Forums, I like the idea of creating an auto trader for SAR and Gann Hilo, It would be nice. I would like to create such thing but with ADX, Moving Average Crossover combined)
Gann Hilo Activator set at 10 is better than default settings, while I believe SAR should be default.
These 2 are good enough If you use higher timeframes to confirm your entry.
Afterall, I am trying to make the method as simple as possibleā¦
Iām just waiting until I get my VT account validated, and I will request a system to be automated, to make entries and exits clear. based on certain formula for indicators (MA, HILo, SAR, ADX). then I will publish this here
topchess,
Iām in the VT forum. You should be able to get in. I use a TS that involved psar & gann hilo with alert - no auto trading. You can download the TS or have Chris modify it to your specs and import it to your platform. Here is the link:
Gann Hilo Activator Trading System - Visual Trading Systems User Forums
Yes, no auto trading. At least it shows to you when conditions met for entry. I do not want to look too deeply in the chart to get the entry/exit signal. I would get them automated by entry , exit arrows in VT. So I am probably going to need Chris to do this for me.
But, I believe the VT Forums not allowing new signups, cause I never receive validation e-mail, it seems that last 200 registered users are still āvalidatingā which means it is not my mailserver. There is a problem with VT Foum sending registration validation to new members. I do not know how to contact them
Hey Topchess
Just want to say a big thanks for posting this system. It has been working well for me, been trading on a daily and also a 15min when I had nothing to do. I see that this thead seems to have a little dust on it, but its hidden and forgotton systems like this one that are the most effective. If a system becomes boring and you making money then you are trading correctly. That how it has been for me with this one!!!
When you said this system was simple , I now realise you meant it
Many Thanks
Richrichie
How do we apply the HI-LO to this trading? what would be the setting for the 15M timeframe? Thanks
Hi Fancob604
I have not been using the hilo, only the original method , it looks like hilo replaces the parabolic and it does not lag as much, but then again I am not a pro so please try it on your demo account
Richrichie
Hey all, just wanted you to know that I like this system very much. I belive it can make alot of profit at 15 min chart but you have to monitor it all day. I read book in the meantime and from time to time check what is going on. I hope for the best to continue.
Ambroz K.
My strategy is as follows:
When I see (if I buy) price is moving up constantly I will stay with the trend constantly. When I see price is having some problems breaking up I will monotor happing more closely. When I see any kind of a sign for reversal I will sell no matter what. And wait for another arrow etc. to come.
In the scenario when I buy and price is beginnig to fall very quickly since I bought. I will most likely sell very soon also, as I think to myself this isnt a trendig up price I was searching.
The thing is:
Make alot at real trends - lose alot less at false signals = PROFIT!
Thank you.
AK
P. S. I hope you understand, as I am not english native speaker and also a Forex noob.
I am glad some have liked the system.
Gann Hi-Lo is far better than SAR, because itās an entire indicator (they have no technical relation), but itās originally implemented in VT indicators.
I prefer Gann Hi-Lo for stops and re-entry on main trend.