AHG - Profitable Strategy for Struggling Traders

Let remind ourselves of the typical setup drawn by Rn86 on 20 Sep 07 :

 

For those micro scalpers or even nano scalpers..

Here is a pattern you could try to use. Try double bottom with 'new' entry.We have to candles forming double bottom, the second one closes below the top of the first one but still both of them form DB. Now,watch for the third bar to break the top of the second one/ the one that closed below the top of first one/ by one tick and immediately enter on retracement of this tick, so in fact you will buy the top of the second bar..stop is up to you but I would try to exit once the DB is broken by one tick and I would actually sell the low of this two candles.. I hate it when sb describes a pattern without showing a chart but at the moment it's technically impossible for me maybe it's better to follow this 'thing' in the direction of the trend..The above is for longs, same for shorts.. doesn't really matter if it's the second candle that closes lower than the top of the first one or the second one closes higher than the top of first one, if it's the second one that closes higher than the first one than you wait for the break out of the second one by one tick and you buy the top of the second one..target? well, it's micro scalping

 

Although your statement is correct, exporting the NinjaScript files (and creating a zip file) is the recommended way to transfer NinjaScript files, since the import runs consistency checks which prevents your installation from being screwed up.

 

12-29-07 Chat

 

Looks good glue. I like the idea of playing an alert and will steal that idea and add it to mines The 4bar reversal is intriguing. I also have a setting to set the min. # bars in the other direction that has to occur before the 3br shows up, and whether they all have to be HH/HL, open/close in the same direction, etc.

I'm also looking into refining the 123s to color them differently depending on whether they're with the trend or counter-trend. The problem is what's the best way to figure out what the trend is programatically. Perhaps a confluence of different WMAs and/or use the last swing/pivot high/low indicator and connect the last swings to determine the current trend.

 

GB, would you mind emailing the zip file to me via a PM and attachment. This works in Ninja, right?

 

or just post it on the thread.

BTW, whenever I have tried to import what u call a cs file it has not been accepted. Only zip files.

 

Sorry - I started the discussion of coding a 3BR showme indicator which is really off topic to AHG trading. The 3 bar reversal can be used with AHG to locate a good entry during a pullback while going with the trend. I don't think we need to mark up our charts with every 3 bar reversal to identify these entries.

Especially in light of anek's recent attempt to keep us on track and focused, if you want to study 3br indicators and their possible use for scalping, we should probably do it elsewhere.

 

Thanks this is helpful, trying to stay current in this thread is tough for me. Will comment here and there, interesting stuff, Happy New Year All and a prosperous 2008.

 

I'm not sure what Anek thinks but I don't think it's off topic at all. Once all the AHG signals fire, having a signal that helps entry is invaluable. The 3br is one such entry signal IMHO. Not to be used until other signals show it's time to enter.

Cheers