Heiken Parabolic Trading System

Two questions please:

1. When you hold a trade over a few days like your 410+ pip example, do you feel comfortable keeping the trade open during scheduled news reports? Do you change your stop loss or just let it run normally.

2. AllStochastics_v4 indicator does not repaint at all after closed bar, correct?

Visually backtesting it sometimes seems to move opposite price action and almost looks "too good" like a repainter. I would test it myself on 1M but it's now weekend.

Thanks.

1. When you hold a trade over a few days like your 410+ pip example, do you feel comfortable keeping the trade open during scheduled news reports? Do you change your stop loss or just let it run normally.

To hold the trade open during high impacted news event? Not, I do not feel comfortable ... I am trying to move stop loss to breakeven just to be sure to get the profit anyway.

2. AllStochastics_v4 indicator does not repaint at all after closed bar, correct?

Correct - does not repaint on close bar. Because I am not using MTF settings for this indicator.

Updated statement :

IBFX broker (leverage 1:50)
EURUSD M1
USDJPY M1
USDCHF
Initial deposit 1,000
Deposit for now (all open trades closed) 1,371 (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)

The statement using TradeHistory_V3 EA

Visual statement for EURUSD

Visual statement for USDCHF

I am continuing with IBFX 1:50 - it is one open trade which is on breakeven for now :

Heiken Parabolic Trading System is on this thread.
- Heiken Parabolic Trading System improved by AllStochastics_v4 indicator is on this post.

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I think - this Heiken Parabolic Trading System may be improved second time with Digital filters - separate indicator (attached) working as a filter for oversold/overbought levels

Just about FilterType of Digital filters - separate indicator indicator :

• FilterType = 0 is FTLM
• FilterType = 1 is for STLM
• FilterType = 2 is RBCI
• FilterType = 3 is PCCI

- AllHeikin-Ashi_v2.3 indicator is on this post - indicator with ability to plot the color OHLC candles if the parameter ShowHACandles = false.
- AllHeikin-Ashi_v2.4 indicator for MT4 build 600+ is on this post. This is 2.3 version coded for 600+ build - This version works with Metatrader 4 build 600 and above.

Heiken Parabolic Trading System is on this thread.
- Heiken Parabolic Trading System improved by AllStochastics_v4 indicator is on this post.
- Heiken Parabolic Trading System improved by Digital filters - separate indicator is on this post.

As AllStochastics indicator is the part of this system so please find updated indicator :

AllStochastics_v4 600+ is on this post. This version works with Metatrader 4 build 600 and above.

Hi,

Please check out the updated Digital filters - separate indicator for the new MT4.

FilterType = 0 is FTLM
FilterType = 1 is for STLM
FilterType = 2 is RBCI
FilterType = 3 is PCCI

Attachment 6449

Regards,
Igor

Digital Filters (basic explanation)

What is the filter?
In signal processing, the function of a filter is to remove unwanted parts of the signal, such as random noise, or to extract useful parts of the signal, such as the components lying within a certain frequency range.

Ok. Why digital?
A digital filter uses a digital processor to perform numerical calculations on sampled values of the signal. The processor may be a general-purpose computer such as a PC, or a specialized DSP (Digital Signal Processor) chip.

Too complicated. Do I know the filter?
Yes of course:

• Simple Moving Average (SMA) is a average value of a last sequence in series of data. It is an example DF with Finite Impulse Response FIR also known as non-recursive filters
• Triangle and Weighted Moving Average are calculated as SMA but elements in the series have different weights. Triangle (TMA) has maximum weight in the middle. Weighted (WMA) has minimum weights in the middle.
• Exponential MA is calculated as: Y[i] = Y[i-1] + (X[i] - Y[i-1]) * Alpha Where X is input data. Y is output data. Alpha is a coefficient that defines the smoothness of the indicator line. This is an example of DF as IIR filter.
• Momentum, ROC, MACD, TRIX and others - digital filters as well.

So what we are talking about! We know those filters!
Most of indicators used in Technical Analysis (TA) are regular linear digital filters (DF). Practically all of them have inside themselves moving averages parts (which are low pass filters). We can say now that the DF is a part of any TA. DFs are well investigated. There are methods of calculating of DF by calculatios, by weights coefficients or by the impulse response.