I just wanted to say a few words here. I have asked for this new MTF indicator with alerts and so far I have used it less the alerts and find it really does not help much with what I was seeking. Yes it would be nice to have all 8 TF's on the screen.

Here are the issues with that.

1. Takes up too much memory and hogs the CPU

2. Whatever Tf you choose to enter or scalp you don't need to look past any higher TF's then the 4 we started with.

Therefore, I am going to stick with the 4 TF's which is just fine for any of my methods. By the way I am punishing the market and my closed P/L is growing. I had som 4hr counter trend entries that finally came into fruition. I stayed with them because the daily, weekly and monthly were long.

If an EA is to be made from this I can see that the scalping method may be the one that can be defined and written mechanically. The other method is a bit more complex.

Edit: For immediate use of the latest EA please visit me at this link:

http://www.forex-tsd.com/commercial-...method-ea.html

You need to merge the two MTF indicators together. Read the posts below for the answers.

I know I said I would post on Friday my results. Well I lied. I am posting some new statements.

Attached Files

Statement.htm (16.8 KB, 622 views)

Steinitz,

I have followed your original posts in FF for awhile now and I have thoroughly enjoyed the HAS method in its entirety. Unfortunately, FF has not approved my registration, and I couldn't begin to tell you why. This seems to be a better forum from what I have seen so far anyway. I am actually in Hawaii time so I might be pretty off on the times of others. I'm stationed here in the Navy.

I just wanted to express my thanks for introducing me to this method, although I've read that it isn't brand new. Nevertheless, if it wasn't for your original posting I probably would have been standing with my usual EMA cross trading. I really like this method.

I'll give one example that happened just today actually on the EURUSD. When I got home I checked the Weekly and Daily as usual to verify the long-term trend. Then I started scaling back to H4, H1 etc. to identify a counter-trend, and then a turn away from the counter. I happened upon a perfect setup that produced a very nice 70 pip gain.

Thanks again, and I look forward to keeping up with you all in this thread. My personal goal is to reach $100,000 in sixth months. I'll keep you posted.

James a.k.a JRLOGIC

P.S. I like your post about your date night with your wife. I am a firm believer in setting aside a specific time to spend with your spouse.

Hi Steinitz and thanks for sharing!
What could you propose as stop loss rules?
Thank you!

Hello JRLOGIC

I would like to start first by saying THANK YOU for your service to this country & the sacrifices you make in that service. From what I have seen
so far using the HAS METHOD your goal is certainly within reach during your alotted time frame.

Although HAS is a great method & I am currently using it as well the
EMA CROSS METHODS can produce some really nice pips if you are
using the correct settings for the time frame your trading. The key with
any MA METHOD is time & staying out of the whipsaws & chops that occur.
To me HAS is a much cleaner well defined trading method in that it is easy
to setup & leaves the charts clutter free & if traded correctly produces
the pips. Thanks for shaing your results & views.

AceTrader

hi steinitz i was looking at your statement and trying to verify your trades on my chart were you using 15 30 1hr 4 hr or some other settings because where you entered and exited didnt make sense

You don't use STOPLOSS ??? You have 5 opened positions (50 lots) all longs, all loosing for now, and a deposit of 5 000 000 $, we don't play the same match. Do you use some money managements rules?
The success is because you do not use stoploss, and with your deposit you stay far for a margin call. Not everybody can play this.

Let me explain some of my rules or techniques. First off I have been reading some threads on MM and using a martingale system. I could go into this much further but no MM scheme will give any negative expectation system an edge or become profitable. You must start with a method that has an edge and then various MM methods can produce desirable or undesirable results.

Sorry about that but I wanted to get that out of the way. There are many traders that believe one must employ a stop loss. There are some traders that understand that a stop being either mental or physical has no technical merit. It is only an arbitrary way to control ones emotions from seeing your method go through ebbs and flows.

Do you think I had a stop loss when I was counting down a 6 deck shoe in blackjack and dumped 5000.00 midway with a positive count (players advantage)? Hell no. I kept on putting more Benjamin's on the betting square regardless of outcomes. I am here for the long run. I will eventually make money. An edge is an edge.

I exit not on some $ value that makes me feel warm and cozy. I exit on rules. When the long term trend is telling me to do so. I look at the colors of the longer trend to see if he/she is my friend.

I started with 5,000,000.00 in my account. I have floating losses. I love losses. They tell me I am in my trade at the right time. All my losses thus far have turned into profits. I am not even trading higher lot amounts as my account grows purposely to show how many times I can scalp profitably. This way if I can show a nice win/loss ratio I can quantify my edge.

After that I could use some "kelly" wagering based off of my account balance and edge and move up or down my lot size.

I just closed out two more trades this morning with another 60 PIPS profit. How many traders do you know trading every currency pair? I also need to trade this for a period of time to trade across various market volatility enviroments.

hi steinitz could you answer post 97