But as per your suggestion, it is ON Crossing at both the ends. The above results are pretty encouraging to me.
Putting It to Use
By Amazon Customer on February 1, I'm a software engineer by trade, and trade the E-mini in my free time for fun and profit.
I'm no stranger to technical manuals, mathematics, implementing algorithms in code or even the use of spreadsheets. All that being said, I found this book unreadable. For me, it was a combination of the kindle format and the content. The first part of the book is just some common guidelines on trading.
The rest of the book is full of mathematical formulas that the reader is supposed to implement in Excel spreadsheets in order to manually create Heikin Ashi bar charts. Any modern trading platform will already have this capability and is even a requirement if you're trading something like the E-minis.
The author does make a modification to the standard H-A algorithm by double-weighting the close price higher than the other factors, but other than that I don't see why this book can't be presented using one of the modern trading platforms as a basis. The pages are littered with badly formatted on the kindle formulas and technical tidbits that left me barely skimming the pages.
All in all, I didn't get as much out of it as I was hoping. It was kind of like reading a manual on how to put together a stereo system using components you buy at Radioshack. It might make a decent stereo in the end, but I'll never know because I can't get through the manual. The author is obviously a smart guy, but he failed to address the human element of his readership somewhere along the way.
On to the next one. One person found this helpful. By Michael Nopper on August 5, This System as the author has it set up requires the use of a EXCEL spreadsheet, and it also uses moving averages as a technical indicator. I am not personally all that experienced at using Excel, nor do I have the skills that he describes in the book, but the author does offer to help the reader with the set up if you email him. Also, the Excel spreadsheet is used to build the Heikin Ashi candlesticks; I don't need that extra step, I already subscribe to a semi-professional charting platform with real time data.
I'm guessing that this system will be more attractive to a computer programmer type who is on a tight budget, and cannot easily afford monthly platform and data feed costs. The reason why I'm only giving 3 stars is because: I do not have that much faith in moving averages as a technical indicator, or Heikin Ashi candlesticks for that matter; both offer mostly delayed information. However, for a beginner or intermediate investor looking for something that has a reasonable probability of profit, those investors should be happy to learn about this system, and the price is nice.
By AZ Sundog on June 12, This book has no charts to see examples. It is strictly for cerebral propeller heads who love excel spread sheets more than actual trading. By cjmins on July 31, This takes interpretation of Heiken ashi to a whole new level. I have now traded this system for 5 weeks. I trade only options on ETFs, dia, spy, gld, uso.
I have made 15 trades, 11 winners. Longest trade 26 days, shortest 1 day. But as per your suggestion, it is ON Crossing at both the ends. Which concept is correct? Once its crossed either levels, most likely soon it will trend the other way but waiting for the lines crossing is like being patient for price confirmation.. On forex or stock market, we can make or lose money when the price goes up and down.
This eBook shows you the shortest way to acheive Financial Freedom: Just before you go, did you check This System? Make sure to do it now, otherwise you will regret. Article by LuckScout Team. December 6, at December 13, at December 31, at 4: February 23, at 4: March 28, at November 5, at 7: November 6, at 3: December 22, at 5: December 22, at January 19, at 7: January 19, at January 27, at 8: February 21, at 6: February 24, at April 6, at 9: April 6, at May 8, at 6: May 9, at 2: July 5, at July 6, at 2: July 6, at 3: July 6, at 5: July 6, at 7: July 18, at 4: July 24, at 3: July 24, at 7: July 25, at 2: July 26, at 3: November 22, at 9: January 8, at 2: Look for pink Down Trend Arrow.
This indicates that it is the beginning of a trend change for that time frame. Best if all charts are doing the same.
Theoretically, if only one chart is being played preferably a higher chart such as a 4 hour as it would tend to fluctuate less , then you could place a trade either up or down, depending on the trend arrow. But be aware that the market could still move up or down bringing the arrow with it. What I like about looking at all the charts is that it makes your entry more accurate if all the charts are moving in one direction. So in other words, if all the arrows are not going in the same direction, the market could easily travel 50 pips or more before it decides to turn around.
I've found this out from experience! Look for the Red Dot for possible entry. Enter when candlestick turns Red. Its best if the candle closing is below the trend line. I have on occasion traded when the candle was not closed yet over the trend line, but changing color. If all other factors look good, then yes, I would trade it.
It may not result in as many pips or it could result in more pips. It is always best though, to watch this sort of trade until it is well established over the trend line.
RSI must be turning down and crossing below the 50 line. The Slow Stochastic green line fast must be crossing down below the red slow line. Take profit at the first blue dot for initial trade.