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Here are the basic HAMA PAD Trading Guidelines right on the attached chart. Stop loss is set 10-20 pips from the other side of the band. If I have missed anything, I will add it on at later time.
Again, this first phase is a trend trade setups. Please take a look at this simple trading approach and give me your feedback. I appreciate everybody's participation.
HAMA PAD indicators and template are on this post.
.... we can contribute to the development. Also please let us know if you're trading live with this system or forward testing on demo. Any additional related info on the HAMA PAD system would be fantastic. Thanks for your efforts!!
pipsnaper, thank you for your interest in HAMA PAD.
Some of the potential trade signals are entered live with OANDA. While forward testing on demo is done with North Finance. I am expecting to do live trading with North Finance when I get back to the USA and after I get my much needed rest.
I will keep the group posted either via this forum thread or email. ENJOY!
raff1410 is the author of this HA mod right?, the VQ indicator made by him could be interesting to act like a filter.
I have attached and if you only take the trades according with positive or negative volatility, you could stay out from false signals or sideway market.
Adding some ema cross could help to get into the trade a little early before prices goes out ema channel. I´m testing two ema cross, one for 15/30m and another for h1.
Don´t like to have many indicators, but I like to filter fake signals.
Dou you have some link to read about EMA channel?
Linuxser, due acknowledgement was extended to raff1410 on my first post. VQ is definitely a good filter and a confirming indicator. HAMA PAD is a clean chart. With my basic trend trading, I don't use any confirming indicator. At times, however, I will attach the HAMA S/R Levels.
HAMA by itself has a built in filter from what I can observe. You just have to keep a good eye on it. Notice how the size of the HAMA bar changes as affected by the price action and the trend itself. The EMA channel was just a bonus item on the HAMA PAD. It makes the potential trade enty more visible and easier to recognize.
What are the other 2 emas do you use? Try 3 or 5.
Thank you for your interest in HAMA PAD and your contribution to this thread.
Hi,
Well, I think the modified version is even more cleaner then the older version. I plan to use it on 30min charts and just go for 20pips/day and trade maybe 2-3 pairs. Lets see how it goes.
FXC,
I must admit it was good thinking outside the box.This filter of the bands is well thought of.Nothing is perfect and trend trades do suffer during sideways movement. Thats a sad and ugly truth.
I think there is going to be a lot of interest.
With the HA mod version, at one glance you know which side you need to be on, either the long or short. Takes away a lot of confusion of trying to see when the trend is started and when it has reversed.
I read somewhere that HA was used by some Japanese traders who made a fortune with the HA chart.
First there was the bar chart, then came the candlestick. Then came HA and renko chart. Finally came the HA-mod.
Let us see how this works out.
Linuxser, due acknowledgement was extended to raff1410 on my first post. VQ is definitely a good filter and a confirming indicator. HAMA PAD is a clean chart. With my basic trend trading, I don't use any confirming indicator. At times, however, I will attach the HAMA S/R Levels.
HAMA by itself has a built in filter from what I can observe. You just have to keep a good eye on it. Notice how the size of the HAMA bar changes as affected by the price action and the trend itself. The EMA channel was just a bonus item on the HAMA PAD. It makes the potential trade enty more visible and easier to recognize.
What are the other 2 emas do you use? Try 3 or 5.
Thank you for your interest in HAMA PAD and your contribution to this thread.
fxcruiser.
The problem of EMAs cross is you need different periods for different timeframes. So I discarded because this method is valid on any timeframe.
And when I posted my knowledge about what coming on, was pretty poor. Now, after read the explanation on the chart things are more clear.
I just viewed that, if you open the trade on m15, after a couple of hours a change in HA appears but before close the trade switch to another timeframe, like 30m or h1 and. The trade could be maintained open until something changes on a big timeframe.
If you, let´s say, sell 3 lots, close one at the first change on m15, close the second at the first change on m30 and the thirdest on h1.
GBP since Aug 18 to 21 is a good example.
Hi,
Well, I think the modified version is even more cleaner then the older version. I plan to use it on 30min charts and just go for 20pips/day and trade maybe 2-3 pairs. Lets see how it goes.
Sure is. The modified version HAMA gives us a much cleaner PAD. I like you mindset, M30, 20pips/day, 2-3 pairs. The HAMA can be applied I would say from M15 to D1. I personally prefer M15 or M30, 2-3 lots w/ runner, exit at certain pips and if the trend is strong enough, the runner can take it to the higher TF for longer term trade.
Quote:
FXC,
I must admit it was good thinking outside the box.This filter of the bands is well thought of.Nothing is perfect and trend trades do suffer during sideways movement. Thats a sad and ugly truth.
I think there is going to be a lot of interest.
For a while I was box in this FX trading, looking for a clean, simple way to look at the chart and make trade decision. I have seen chart samples with so many confirming indicators on it that it confuses me. Guess what, I did the same thing though with not much improvement on results. HA came into the picture and "my infamous" F89 indicator and I became an avid trend follower.
Bands, like you said, makes potential trade entries very visible. If you watch the HAMA, you will recognize the NTZ or no trade zones which will stop you from trading the sideways movement, unless you are scalping for 3-8 pips. We will have something else soon thrown into the PAD which will give us an early signs of NTZs.
Quote:
With the HA mod version, at one glance you know which side you need to be on, either the long or short. Takes away a lot of confusion of trying to see when the trend is started and when it has reversed.
Now, this is like 4x Made Easy without really trying. HAMA PAD, live and in color. It is so simple, a beginner's toy. 4K anyone?
Quote:
I read somewhere that HA was used by some Japanese traders who made a fortune with the HA chart.
Who knows? Someday, someone else maybe reading about the group of HAMA Traders making their fortune.
Quote:
First there was the bar chart, then came the candlestick. Then came HA and renko chart. Finally came the HA-mod.
Let us see how this works out.
Don't forget about the clouds, the Ichimoku. ENJOY!
Welcome aboard!
Linear Mode
