Heiken Parabolic Trading System

1. First version of the system is based on 2 indicators:

• AdvancedParabolic_v2.2 indicator from this post
• Heiken Ashi indicator from this post.

Template file for this system is on this post.

How to install:

• Place 2 indicators in indicator's folder (for example, to ...\MQL4\Indicators)
• Place template file to template folder (for example, to ...\templates)
• Open chart, right mouse click on the chart, select our template by name, and indicators with the settings will be loaded (you should have the chart similar with above one).

2. Heiken Parabolic Histo trading system

- This variation of the system is using AllTrendEnvelopes Histo_v2.1 600+ indicator from this post.
- template for this system is on this post

3. Heiken Parabolic Digital filters
- this version of Heiken Parabolic system is using Digital filters - separate 600+ indicator from this post.
- template for this version is here.

4. Scalping
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.

And I tried to trade using this system : +350 pips by 2 trades for 2 days

This is an updated situation for now:

+366 pips in profit for now.

+392 pips in profit now

This is next update: +410 pips

Rules are very simple: if all the indicators agree - you open sell or buy.

Originally Posted by newdigital

This system is based on 2 indicators:

• AdvancedParabolic_v2 indicator from this post
• Heiken Ashi indicator from this post.

Template file for this system is on this post.

How to install:

• Place 2 indicators in indicator's folder (for example, to C:\Program Files\Alpari MT4\experts\indicators)
• Place template file to template folder (for example, to C:\Program Files\Alpari MT4\templates)
• Open chart, right mouse click on the chart, select our template by name, and indicators with the settings will be loaded (you should have the chart similar with above one).

I think - this system may be improved for AllStochastics_v4 indicator from this post with default settings. I mean - this AllStochastics_v4 indicator can be used as a filter working in overbought/oversold way.

Rules of this improved system - see the image (example with DAX) :

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Indicator improved:
AllStochastics_v4.1 600+ is on this post. This is bug fixed version working with Metatrader 4 build 600 and above.

Thanks for system

In your experience so far - is it best traded on H1 or D1

Pls advise

Thanks

D1 may may good in anyway ... but we will not get many trades (it is just for future possible EA for example). I like H1 or H4 for manual trading.

Thanks

It may be good to try this system on M1 or M5 timeframe but I think - we should think about exit in this case.

Just to remind - the rules for this system is this one :