4 TF HA forex trading
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4 TF HA
4 TF HA
October 26, 2018 @ 7:02 amby PhD,Hamdi Boukamchain Wiki Trading SystemsLeave a comment
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This thread can be utilizing the “4 TF Heiken Ashi arrows” indicator.
This can work on TFs 1hr and up, it should work on decrease TFs however unfold will kill you.
The entry can be on a closed candle with an arrow.
This indicator doesn’t repaint, in as a lot because it won’t set arrows in stone, on the decrease TFs if the HTFs are nonetheless fluctuating between the completely different HH candle colors.
So, for example if the bottom TF is H4 then the very best TF is month-to-month. As such if in case you have a a longtime bull candle on, say, day by day and weekly however the month-to-month continues to be undecided then you should have a bullish arrow on H4 solely whereas the month-to-month candle is bullish. If it turns again to bearish, throughout it is month lengthy forming, the candle on H4 will disappear.
Now I’ve performed a visible backtest on EURUSD for the reason that begin of March 2018 until current, on 4hr TF. I can be ahead testing beginning Sunday August, 5 2018.
I’ve used 2 varieties of entry…first was after a candle closes with an arrow in your present TF (lowest TF) you enter a commerce within the course of the arrow and shut after the subsequent candle, be it win or loss.
Second kind of entry (most well-liked) can be to set a pending order on the open of the sign candle (the one with the arrow) and shut the commerce when a candle closes above/under our entry worth.
The chart under reveals the previous few trades taken (white is entry 1 and orange is entry 2) the massive numbers are the outcomes since March 1 2018.
Please be aware no SLs have been positioned on any of those trades, if you happen to needed to position a SL at the latest excessive/low you’d have had only some cases the place they have been hit. See final two footage. This impacts solely kind 2 entries.
Chris
PS; In case you see any cause why this won’t work let me know. All outcomes are in pips not factors.
