This is one of the most affective exit strategies!!!

It depends on price action and not a fixed interval.

A complementary strategy will be to use Fibonacci projection profit target,
i.e. 1.618, 2.0 etc.

Good trading!

Thanks for the ea. I am testing it right now with the gbp-usd, gbp-jpy, and the cad-jpy 4hr tf. I'll let you know how it goes.

Attached is the best heiken indicator I've seen. Image below.

http://img204.imageshack.us/img204/8...7screenkx5.png

Attached Files

Heiken_Ashi_Smoothed.mq4 (4.2 KB, 212 views)

Here's a better image below:

This is one of those slow weeks for the market. But it is to be expected because most pairs last week was in a slow trending mode.

Everyone just hang in there it will pick up

turnupvol,

I have changed my candles to [1] for thickness and I like it a lot better. Just not as bright on the chart and easier to see everything else on the chart. IMO My settings are:

SetIndexStyle(0,DRAW_HISTOGRAM, 0, 1, Red);
SetIndexBuffer(0, ExtMapBuffer1);
SetIndexStyle(1,DRAW_HISTOGRAM, 0, 1, RoyalBlue);
SetIndexBuffer(1, ExtMapBuffer2);
SetIndexStyle(2,DRAW_HISTOGRAM, 0, 1, Red);
SetIndexBuffer(2, ExtMapBuffer3);
SetIndexStyle(3,DRAW_HISTOGRAM, 0, 1, RoyalBlue);
SetIndexBuffer(3, ExtMapBuffer4);

HA smoothed is just another MA crossover, but without the divergence. If you still want to go forth with confirmation from HA, I'd go for the normal HA candles.

just my 2 cents

FX Flyboy can you please post HA candles you use here and tell me which is the signal you use when entering? Or if we use HA smooth (turnupvol) which would be the confirmation? When it turns red/blue if before was a down/up signal?
How manny bars should wait for HA smooth signal after a normal signal was showed?
What about a good position trail, what indicators can we use or how should work? I'm ready to code everything you say it will work, just let me know what would you like to try.
Nix can you please tell me what you used for entry and how it works till now?


Thanks, zmax

zmax here is the indicator. I will give you an explanation and screen shots in a little bit.

Attached Files

Heiken Ashi.mq4 (3.9 KB, 124 views)

Zmax, I am posting a screenshots of the idea that I have to isolate some of the false signals and lock in some profit, because price will go our way many times 50 even 100 pips and then come back and hit our stop. The ma on the chart is FXSniper's ma that I have modified. It is attached. Works pretty much in line with HA, sometimes it is quicker, which can be good and bad.

P.S. I just started running the backtester form August 1 and I picked the first trade. It was totally random, did not intentionally pick this trade.

Attached Images

	backtest.gif (15.1 KB, 1134 views)
	backtest1.gif (13.6 KB, 1134 views)
	backtest2.gif (17.6 KB, 1135 views)

Attached Files

FX Sniper's MA.mq4 (2.1 KB, 234 views)

Sometimes price will range for a while after an FTP signal, so apply the HA/FXSnipers exit rule only if let's say profit is 30 pips or more.