AHG - Profitable Strategy for Struggling Traders

Discussion in 'Journals' started by Anekdoten, Jul 19, 2007.

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  1. fuck fuck fuckity fuck! *whew*

    I bet when I check my trading account that shit will have skyrocketed! Steak and Lobster to-nite baby!
     
    #71     Jul 25, 2007
  2. Heikin Ashi Bars

    I'm attaching the ELD to this post for you or anyone else that is interested and is a user of Tradestation.

    From Investopedia:

    "A type of candlestick chart that shares many characteristics with standard candlestick charts, but differs because of the values used to create each bar. Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, the Heikin-Ashi technique uses a modified formula:

    Close = (Open+High+Low+Close)/4
    Open = [Open (previous bar) + Close (previous bar)]/2
    High = Max (High,Open,Close)
    Low = Min (Low,Open, Close)

    The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Hollow candles with no lower shadows are used to signal a strong uptrend, while filled candles with no higher shadow are used to identify a strong downtrend.

    This technique should be used in combination with standard candlestick charts or other indicators to provide a technical trader the information needed to make a profitable trade."
     
    #72     Jul 25, 2007
  3. Jaxon

    Jaxon

    Thanks, I will use the HA bars. I couldn't get your linked file to work, but I found the paintbar on the Tradestation support forum. What I can't find is how you make those blue lines to mark the highs and red lines (dots) to mark the lows on your charts. Might be labeled "SHME Dynamic SR" on your chart.
     
    #73     Jul 25, 2007
  4. following along..
    thanks for the great thread!

    :)
     
    #74     Jul 25, 2007
  5. You are welcome, now I know where I store my notes :)
     
    #75     Jul 25, 2007
  6. #76     Jul 25, 2007
  7. How are the dynamic S/R lines determined? (ie what's the code for that?)

    Thanks for the thread, it's fun to follow along.
     
    #77     Jul 25, 2007
  8. Couple of common questions sent via PM.

    NEWS

    I don't follow the news except when I bump into them after trading.

    I used to pay attention to the time of important news releases but I don't anymore.

    If the trade goes against me I will get stopped out and if it goes in my favor I will hit my target(s) simple. A canadian friend taught me that, you know who you are.

    The news itself is absolutely worthless to me for trading. How the market reacts cannot be illustrated better or faster than in a clean chart.

    The one exception is FOMC. I trade that differently, more like personal fun trades with minimal car size but the point is I do pay attention for the day and time of that particular announcement because the news can be very drastic and basically kill all patterns within sight.

    SWING TRADING

    Usually I don't as I'm mostly a scalper. It's got nothing to do about holding overnight, I just prefer the higher size small stop approach.

    Ok that's about it.
     
    #78     Jul 25, 2007
  9. #79     Jul 25, 2007
  10. The S/R just determines the high and low for a user input period.

    Here is the code:

    [LegacyColorValue = true];


    { _SHME_Dynamic_SR - draw dynamic s/rlines for the period - periods auto calculated }


    {Programmer: Avery T. Horton, Jr. aka TheRumpledOne}

    inputs:


    iMode("No"), { if "auto" code sets xPeriods, if not "auto" code uses iPeriods}

    iPeriods(05),
    HighColor( red),
    LowColor( blue) ;

    variables:

    xPeriods(60),
    xInterval(0),
    sFirstPass(true),
    HavePrevLines( false ),
    TLHigh( 0 ),
    TLLow( 0 ),
    PushHigh( 0 ),
    PushLow( 0 ),
    OldPushHigh( 0 ),
    OldPushLow( 0 ),
    PrevPushHigh( 0 ),
    PrevPushLow( 0 ) ;


    {first time through}

    if sFirstPass
    then begin

    sFirstPass = false;

    {bar test}

    If bartype = 4
    then xInterval = 94
    else
    If bartype = 3
    then xInterval = 93
    else
    If bartype = 2
    then xInterval = 92
    else
    If bartype = 1
    then begin
    xInterval = BarInterval;
    end; { If bartype = 1 }

    {mode test}

    If iMode <> "Auto" and iMode <> "auto" and iMode <> "AUTO"
    then xPeriods = iPeriods
    else xPeriods = _fPushPeriods(xInterval);

    end; {if sFirstPass}

    {save old values}

    If PushHigh <> PrevPushHigh
    then OldPushHigh = PrevPushHigh;

    If PushLow <> PrevPushLow
    then OldPushLow = PrevPushLow ;

    OldPushHigh = PrevPushHigh ;
    OldPushLow = PrevPushLow ;

    PrevPushHigh = PushHigh ;
    PrevPushLow = PushLow ;

    { high / low for period }

    PushHigh = Highest( H, xPeriods);
    PushLow = Lowest( L, xPeriods) ;

    If PushHigh <> H
    and PushHigh < PrevPushHigh
    then PushHigh = PrevPushHigh;

    If PushLow <> L
    and PushLow > PrevPushLow
    then PushLow = PrevPushLow;

    plot1(PushLow, "PushLow", LowColor);

    plot2(PushHigh, "PushHigh", HighColor);
     
    #80     Jul 26, 2007
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