Rads Reverse MTF HAS

 

I have been trading and testing various systems for the past couple of years and have learned a great deal from all the great traders on these boards. I have even shared a few ideas along the way. Now I would like to start a new thread to share what I believe is the best system I have tried so far. It is a compilation of ideas from a number of others but has it's own unique methods.

One of the key parts as some of you may notice is the use of the Heiken Ashi Smoothed indicator and the MultiTimeFrame Bars as used by Don Steinitz. I have found too often that watching the candles themselves leads me to make impulsive trades when I see what appears to be a breakout move. Don's idea to use the HAS with a line graph has helped me settle down and improve my trading. In fact, if you are familiar with his great system you know he works top down. My system is the reverse as it works bottom up! We start on the lower time frame and look to the higher ones for signals.

This is a MTF system and you can see on the chart what is going on on the other time frames. Every time frame will show you the current and the next three higher time frames for reference.

The indicators on the chart are:

Blue Line - my main indicator. It is a 27 period T3 moving average. I can't explain exactly how a T3 differs but it is much smoother that a regular moving average. As a fan of W. D. Gann, I like his use of the number 9 in his various strategies and I incorporate it wherever possible. Thus the 27 (9 X 3).

Orange Line - 27 T3 on next higher time frame.

Red Line - 27 T3 on next higher time frame.

Purple Line - 27 T3 on next higher time frame.

Maroon Line - 729 EMA. This again is a multiple of 9 (9 X 9). Comparable to the 800 that some others like to use. I find it to be a sort of equilibrium point. Price invariably tends to return to that level. When you see price stalling, check the various time frames and usually you will find that it is the 729EMA on one of them.

Grey line - 2 period smoothed EMA. Represents price action.

HAS and HAS Extension - This gives the main visual indication of the move. I added the extension to help identify false breaks.

Center Window - MTF HAS Bars. These bars show the HAS indicator on the current and next 3 higher time frames.

Bottom Window - T3 Stochastic. Again, somewhat smoother than a regular stochastic. Set to 21-5-3 seems to line up very well with the other indicators.

This is a trend following system and so we look to enter and trade with the current trend on whatever time frame we are looking at. We want to identify reversal points and enter as close to the beginning of a trend as possible and add to our positions when possible.

Reversals are identified by a cross of the T3 accompanied by a color change on the HAS and a matching cross on the stochastics. In order to filter out false trades, look at the Center Window and wait for the first matching color change on the next higher time frame for the entry. When you see all trend lines converge, wait for the breakout indication to take the trade. You will often see all four bars in the center window change color at the same time just as stochastic crosses and a T3 line is crossed. That is a great entry point.

During the move watch for small corrections indicated by a change in color on the HAS but not the extension and on the current MTF Bar. Watch for stochastic to peak and cross back in the original trend direction and for the MTF Bar to resume its original color. This is often a good point to add to your position.

Exits are up to you. I use a combination of Murray Math lines and fib retracements to look for price to stall. Failure to penetrate a higher time frame T3 line or the 729 can also be a good signal to take your profits.

The template is setup to show the correct lines on every time frame so if you are on the 5 min, you will see the 5, 15, 30, and 60 T3 lines. If you are on the 30 min you will see the 30 min, the 60min, the 4hr and the daily T3, and so forth.

The trade system is the same on every time frame but obviously you need to adjust your trade size and stops accordingly. It also works on every pair I have looked.

Anyways, please try it out, and let me know what you think. I will try to answer questions as best I can. The indicators have had the names changed simply to keep them associated with the system but they are freely available elsewhere in this forum and I do not take credit for them.

Thanks and Merry Christmas to all.

Rad.

PS. I added the original Heiken Ashi Smoothed.mq4 file and now the template works right on all my systems.

PS. The tools template is for the eurusd and has my unique settings for various tools. Use them if you like them.

 

Thanks God I found a man who uses the same thing as I

 

I am still lurking to find something effective to filter bad signals basically I use heiken ashi and compare it with higher TF then decide should I hold position or run away.

this is my setup now i want to rework it throw away some rubbish and add something more effective

this good I found you and u posted your thread here.

intresting I just never used them with support of Moving Averages...

Files:
aj.gif  19 kb
 

Radatats

Thanks for another great system....

 

Omg

Oh my god... I found 2 similar trading strategies with mine .

Here is my screenshot...

 

Here are a few more examples on the 15 min charts for yesterday and today.

Files:
audjpy_m15.gif  73 kb
eurusd_m15.gif  72 kb
nzdjpy_m15.gif  69 kb
 
demam_emas:
Oh my god... I found 2 similar trading strategies with mine . Here is my screenshot...

It seems, that lots of traders uses multiple indicators with bars. It's interesting

Demam, can you post the indicator, Para 2 TF, please

It seems i cannot find it.

Thanks

 
demam_emas:
Oh my god... I found 2 similar trading strategies with mine . Here is my screenshot...

HI bro

post your PARA tf please also

by the way i am still not decided for example EURJPY when i came home was already flying so for example when you will have this situation how you will decided take long trade or not???

radatats I also wanna know your opinion

 
stace:
HI bro

post your PARA tf please also

by the way i am still not decided for example EURJPY when i came home was already flying so for example when you will have this situation how you will decided take long trade or not???

radatats I also wanna know your opinion

Hello Bro... Here I attach Para2TF, you need SAR Colour too, because it can't run without it.

When candle breaks resistances (Monthly pivot)and all indicators confirm Bull market, then I will place BUY order.

How about you?

Files:
 
demam_emas:
Hello Bro... Here I attach Para2TF, you need SAR Colour too, because it can't run without it.

When candle breaks resistances (Monthly pivot)and all indicators confirm Bull market, then I will place BUY order.

How about you?

i dont have pivots

so sometimes i am afraid to open position for example London opens i am away I come back after 2 hours I see price went up and for me is hard to decide should I jump in or not

basically I compare heiken ashi with higher timeframes as Steiniz was talking about long time ago. But I still dont know what to do, for example now onGBPJPY what you will decide?

 
stace:
i dont have pivots

so sometimes i am afraid to open position for example London opens i am away I come back after 2 hours I see price went up and for me is hard to decide should I jump in or not

basically I compare heiken ashi with higher timeframes as Steiniz was talking about long time ago. But I still dont know what to do, for example now onGBPJPY what you will decide?

You may try to put pending orders above or below support or resistance before you leave your trade.

I don't trade GBPJPY.

I trade on M15 EUROJPY. So I will look H1 EUROJPY as my main trend.

If I look on GBPJPY chart right now, stoch on both timeframes (M15 and H1) are already overbought, price is blocked by daily resistance 1.

So, I think it will go down for a little, then will going up again to break Resistance 1.

Because stoch on H4 is going UP.

Just a newbie prediction.

Here I post my template if you interested.

Files:
mytemplate.zip  185 kb
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