Originally Posted by Cap

Hey Steinitz,

I'm detecting an increasing sense of achievement! I've followed your thread on the other forum and now this forum as well. I've put the the method to use in a live account since you first started it and I've had positive results.


The method is simple, buy when it's blue and sell when it's red. That's been the method the entire time. It's so simple, a kindergartner could understand it. What Steinitz is trying to achieve now is a better strategy to increase winning trades.

I've been trying a couple of other indicators along with your MTF HAS indicator. I'm trading on the 5m and 15m.

If the MTF HAS signal says to buy, I check CCI(14) and MFI(14). If CCI(14) is above 100, I will hold off a while and let it retrace down. Once it has done that I will see if the MTF HAS still has a buy signal. If so, I will buy. If not, I let it go.

Same thing with the MFI(14) indicator. If it is above 80, I will let it retrace back down and then check if the MTF HAS still has a buy signal or not and go from there.

I only use these indicators because I feel comfortable with them. There may be other indicators that others could use in the same way. It all depends on what you feel comfortable with. Also, the CCI and MFI indicators are just helping me out. If they don't give me the "exact" number I want to see, I could still make a trade off of it. Remember, they are just indicators. In and of themselves, they don't mean anything to a winning trade.

I'm still able to get winning trades even if all my indicators aren't "perfect" because I've seen them work hundreds of times before. It comes from experience with the market and the indicators that you like to use.

With the MTF HAS indicator I've stayed in trades longer than I normally would have. I use to get my 20 pips and I'd be out of the trade. Now, I'm getting 65+ pips on a winning trade because the MTF HAS indicator was still showing a positive blue signal (or a negative red signal)

I don't use a stop loss either. I buy when it's blue and sell when it's red. It's just that easy.

Steinitz, thanks for all your hard work on developing a winning strategy with the MTF HAS indicator. If I can put something together with the CCI and MFI I will let you know.

PS. If you go to another forum, let me know because I'm following you!

Yeah, I'm ignoring that above poster too. I checked out his other posts and it doesn't look like he's made any type of positive contribution to the forum. Even critical comments would be positive, but he's just a basher.