AllHeikin-Ashi

Thanks again.

Appreciated

Originally Posted by matfx

I attached here the template that include 3 indicators and name it AllHeiken-Ashi_trend.

I'm suggesting trade on 30min chart. BBand stop as stoploss point, pivot as target profit. Allheiken ashi as trend identifying. I will play this setup around next week, on major pairs.

AllHeiken-Ashi_trend first version
Proposed by matfx

Indicators (all indicators work with Metatrader 4 build 600 and above).

• AllHeikin-Ashi_v2.4 indicator for MT4 build 600+ is on this post. Updated: this indicator was updated so please download the latest version from this post. This is version coded for 600+ build.
• AllPivots_v3.8 indicator is on this post. AllPivots_v3.8 indicator was improved to AllPivots_v3.9 600+ indicator with 'no Sunday bar' - look a this post.
• BBands_Stop_v3.0 600+ indicator is on this post.

Template:

• allheiken-ashi_trend_first.tpl (attached)

How to install

• Open Metatrader 4
• Go to File - Open Data Folder (in menu)
• Find MQL4 folder and find Indicators folder inside it
• Place 3 indicators inside MQL4/Indicators folder
• Place template file to templates folder of Data Folder directory
• Restart Metatrader
• Open the chart of your selected pair M30 timeframe

How to trade

• follow the rules described by matfx above
• but I think - we can enter on price/yellow pivot line crossing with BBands_Stop_v3.0 as a trailing stop and pivot lines as the target profit.

AllHeiken-Ashi_trend second version

This version is same with first one (see previous post) with the following exception: we are using additional indicator to confirm the entry.
This indicator is I_XO_A_H_5d (it can be download from this post) -

• red color of this indicator is for sell entry confirmation
• green color is for buy confirmation

Template is attached

Timeframe - M15 or M30

So, how it works in practics
in case of buy or sell signal - you will see alert- for example:

2014.05.30 15:30:41.228 BBands_Stop_v3.0 600+ USDCAD,M30: Alert: BBands_Stop_v3.0 600+(USDCAD,M30) : BUY Signal at 1.08400, StopLoss at 1.08287

and you can go to the chart:

to decide: to open trade or not to open trade.

Just on case of this image - I got alert to open buy trade at 1.0840 and if I did it so I should receive 20 pips in profit (because it is 1.0860 now).

This is the situation fow now:

price touched R1 level of pivot indicator (which is one of the profit level) with 26 pips in profit (in case we opened the trade in 1.0840 according to alert)

I think - it does not matter about which timeframe: M30 or M15. Because this is daily pivot (all indicators are with default settings) so we can see it by ourselves - M15 timegrame same setup:

I put a stochastic with setting 14.3.3 on this system EURUSD 15 min chart, but it is quite jumpy to filter the signal.

But if we apply your second edition which using I_XO_AH_5D the scenario quite different.

Yes, you are right -

I think, the second version may be the idea for EA. Because this second version is able to filter false entrance for example.

I opened Metatrader too late today because AUDUSD is already on 3rd profit level: