Heiken Parabolic Trading System

Originally Posted by newdigital

I really like this script. This is updated statement for this system using this script:

Attachment 10592

Attachment 10593

Hello everybody,

Newdigital, can you share this template and explain more or less the entries and exits?

Thank you

Hi FHTrading,

I am using same setup/indicators as it was posted/described on the first post of this thread + AllTrendEnvelopes Histo_v2.1 600+ indicator wityh default settings instead of AllStochastics.

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- AllTrendEnvelopes Histo_v2.1 600+ indicator is on this post. This version works with Metatrader 4 build 600 and above.

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Rules are same as for original system +

• blue histo - buy signals only confirmed,
• red histo - sell signals confirmed only

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I used this script to place the trades. As it is the scalping so I used tp = 30 in script's settings (or 3 pips), or tp = 50 in the settings of this script (or 5 pips) for example.

Hi ND, is the entry rules for buy correct?

1.Slow parabolic is blue
2.Fast parabolic is blue
3.HA is blue
4.AllTrendEnvelopes is blue

and vice versa

Originally Posted by Darren Wcw

Hi ND, is the entry rules for buy correct?

1.Slow parabolic is blue
2.Fast parabolic is blue
3.HA is blue
4.AllTrendEnvelopes is blue

and vice versa

Yes - on previous bar (previous bar - close bar).
It means - if you see all confirmations on open bar so wait when this bar will be closed, and if you still see those confirmations on already closed/previous bar - open the trade.

Are these correct entries?

buy is correct, second sell is correct too - i mean - open the trade on the openning the bar with your line for example. (first sell - i do not see first stoch sorry...)

Originally Posted by newdigital

buy is correct, second sell is correct too - i mean - open the trade on the openning the bar with your line for example. (first sell - i do not see first stoch sorry...)

I mean - parabolic sorry.
You should adjust the settings for 2 parabolics because those indicators are used for stop loss

PS - I am trading USD - Durable Goods news event now by NewsTrader ...

Hi newdigital

Is the correct entry point
"Google Translate"



Maksigen_range_move Can you give information about the
"Google Translate"

yes but it looks like re-enter (enter one more time) - i am trying to look at the market condition using more higher timeframe in this case - just to understand: will i trade it or not.

Hi ND, what is the input for the slow parabolic ? Is it step = 0.005 or 0.05 ?