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Heiken Parabolic Trading System

This is a discussion on Heiken Parabolic Trading System within the Trading Systems forums, part of the Trading Forum category; But I am affraid that it will look like a scalping in this case. Anyway - it is good to ...

      
   
  1. #11
    Administrator newdigital's Avatar
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    But I am affraid that it will look like a scalping in this case. Anyway - it is good to try :


    Heiken Parabolic Trading System-scalp2.png



    Heiken Parabolic Trading System-scalp1.png
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  2. #12
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    Well ... I am trying scalping on IBFX broker M1 timeframe using this system. But I added moving average indicator with period 55, MA mode simple, apply to close (moving average is standard indicator in Metatrader 4), and MaksiGen_Range_Move mtf 2 indicator by default settings (indicator is attached).

    I think - the rules will be slightly changed for scalping.


    Heiken Parabolic Trading System-eurusd-m1-ibfx-inc.png
    Attached Files Attached Files
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  3. #13
    Administrator newdigital's Avatar
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    This is the statement for today :

    IBFX broker (leverage 1:50)
    EURUSD M1
    USDJPY M1
    Initial deposit 1,000


    Metatrader statement (attached in zip file) :

    Heiken Parabolic Trading System-heiken_parabolic_mt_statement.gif



    Visual statement for USDJPY :

    Heiken Parabolic Trading System-eurusd-m15-ibfx-inc-5.png



    This is how it was installed (the charts):

    Heiken Parabolic Trading System-eurusd-m1-ibfx-inc.png




    Visual statement for all the pairs (for EURUSD and USDJPY) :

    Heiken Parabolic Trading System-eurusd-m15-ibfx-inc-3.png



    Visual statement for EURUSD :

    Heiken Parabolic Trading System-eurusd-m15-ibfx-inc-4.png
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  4. #14
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    Quote Originally Posted by newdigital View Post
    This is next update: +410 pips
    Hi newdigital,

    Do you have any suggestions how to regularly catch big moves like this 410+ pips? I am always looking for tips how to avoid choppy periods where a lot of losses can happen.

    In order to catch a big price swing like you did, do you have to take EVERY trade where all the indicators line up and just hope you eventually catch a big one?

    Thank you.

  5. #15
    Administrator newdigital's Avatar
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    To catch big movement - my suggestion is the following :

    • use more higher timeframe than M1 (in my case - I used M15)
    • all indicators in main window should agree with each other
    • stochastic indicator on separate window should work on the same way as RSI on breakout/breakdown (in some cases of the big movement): overbought condition for buy trade confirmation, and oversold is for sell.


    But the price can be moved on very different way ... basicly more higher timeframe = more big movement to be caught


    Heiken Parabolic Trading System-usdchf_1.png



    Heiken Parabolic Trading System-eurusd-m15-ibfx-inc-2.png
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  6. #16
    Administrator newdigital's Avatar
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    Because big movement is breakout (or breakdown). I mean - it is when the price is breaking support/resistance lines. How do not know if the price is going to make this breakout? We can look at MaksiGen_Range_Move mtf 2 (uploaded on post #12 of this thread) because this indicator is drawing those lines on the chart, and if s/r lines are coming in very close way to each other (and to the price) so it means that we will have breakout very soon.

    This is just theoretical explanation but everything is not so easy in practics ... especially if the leverage is 1:50 for example (in this kind of leverage - we should be responsible for everything ... i mean - we should think carefully if open trades for example)
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  7. #17
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    Thanks for your reply.

    What kind of trailing stop would you recommend? On your big 410+ pip trade it seems like you were waiting to exit when the big psar showed a reversal.

    But if you did that for every trade it would accumulate many losses when there are
    small price swings. And you need a TS to protect any profits while you sleep or in case of a spike or sudden price turn against your position.

  8. #18
    Administrator newdigital's Avatar
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    Yes, you are right. We can use ts on breakeven way placed to be near support/resistance lines. Those lines are moved (it is the lines of MaksiGen_Range_Move mtf 2 indicator) and we can move sl (by ts)according to them. It is whay I am doing for many manual systems.

    As to final exit (with loss or with profit) so we may consider as the following
    - price crossing 55 SMA
    - "big parabolic" changed the direction
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  9. #19
    Administrator newdigital's Avatar
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    Updated statement for today :

    IBFX broker (leverage 1:50)
    EURUSD M1
    USDJPY M1
    Initial deposit 1,000


    Heiken Parabolic Trading System-heiken_parabolic_0711.gif


    There are two open trades which were not closed yet (sl was moved to breakeven) :


    Heiken Parabolic Trading System-eurusd-m15-ibfx-inc-2.png
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  10. #20
    Administrator newdigital's Avatar
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    Updated statement for today :

    IBFX broker (leverage 1:50)
    EURUSD M1
    USDJPY M1
    Initial deposit 1,000
    Deposit for now (all open trades closed) 1,339 (just for 7 days)


    All open trades were closed so please find updated statement attached.

    Visual statement for all the pairs (EURUSD, USDCHF and USDJPY)

    Heiken Parabolic Trading System-eurusd-h1-ibfx-inc-4.png


    The statement using TradeHistory_V3 EA

    Heiken Parabolic Trading System-eurusd-h1-ibfx-inc-5.png


    Visual statement for EURUSD

    Heiken Parabolic Trading System-eurusd-h1-ibfx-inc-2.png


    Visual statement for USDCHF

    Heiken Parabolic Trading System-eurusd-h1-ibfx-inc-3.png
    Attached Files Attached Files
    matfx and niqcom like this.
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