Rads Reverse MTF HAS - page 21
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Is there are RAD MTF MACD indicator somewhere?
Thanks
Hey just wanted to say thanks to Rads for the great system.
I will do some testing and post my results from any success I have from it.
Please guys keep posting and keep this system alive, seems simple and this is what we need in forex, simplicity. Thanks guys
This systemwork automatic?
I am looking for a system that use only heikin ashi smoothed dou youknow it my friend?
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.doubt
My friend did you put others indicator to 15min ,30min ,60min and 729 EMA?
I only see 7 indicator where I can see the blue line but the others that stay up(15,30,60 and 729 ema)I can not see
This system is not automat yet?
I am trying others Eas but for me look vere good
I wait your answer
thanks
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.Earlier Exit
What setting should I use to adjust RADS Exit so it detects change sooner? Seems like it is changing color a little late in the game and if detected a little earlier, would loose so many pips. Thank you
I realize I'm very late in answering this, but I just joined and having been using Rad's system for the last couple of weeks only, and I love it!
I use two signals for an earlier exit. The BBMacd when the dots change color and/or the standard QQE alert crossing.
I'd sure like to see this thread revived so maybe my 'late posting' will help!
Hey bro...
Wow...never expected to see you on this thread. Good to see you here. I've been been fascinated by Rad's setup for several months now although I haven't adopted it as my main system.
What TF are you applying it to? Are finally fulfilling your trading of trading a higher, less frantic time frame.
I realize I'm very late in answering this, but I just joined and having been using Rad's system for the last couple of weeks only, and I love it!
I use two signals for an earlier exit. The BBMacd when the dots change color and/or the standard QQE alert crossing.
I'd sure like to see this thread revived so maybe my 'late posting' will help!Boy - you never know WHO you're going to run into!
Wow...never expected to see you on this thread. Good to see you here. I've been been fascinated by Rad's setup for several months now although I haven't adopted it as my main system. What TF are you applying it to? Are finally fulfilling your trading of trading a higher, less frantic time frame.
Been looking at 5M & 15M. I added the BBMACD because that has become one of my favorite indicators. Like you, this isn't my main system (yet) because I want to follow it more on the E/J & G/U and this is the time of the year I don't trade, so it'll be the middle of Jan before I'll resume any serious comparisons.
Interesting, flamenco from ForexFactory?
I added support resistance indicator. it gives more information i think.
The indicator that I use.