Intraday HGI or what ever is next :)

Post by **slowkey** » Tue Dec 16, 2014 4:41 pm

For your entertainment and amusement.

EURCHF brought to you by SNB ....

EURCHFM5.png

Cheers,

Doug

royal · Post by **royal** » Tue Dec 16, 2014 5:23 pm

Thank you, now the use of these Bands is clear also

Post by **slowkey** » Wed Dec 17, 2014 7:53 pm

New version of HGI

There is a new version of the HGI indicator available. You will want to download it from post 1 in the HGI thread and change your templates to use it. I am not going to update post 1 for just this change.

Just a week away from Christmas Eve here in the US with a brand New Year to follow. So my trading ends on Friday this week. It resumes in the New year which is Monday the 5th of January. A lot of traders take the year end off. Volume down and every one has busy schedules with their families this time of year. I will be posting trades and using this new setup with the BB's Hurst and HGI extensively in the new year.

Season's Greetings to All

Cheers

Doug

Post by **slowkey** » Fri Dec 19, 2014 11:46 am

I will update both packages in post 1with HGI 15.06 after I get some much needed sleep.

Cheers,

Doug

Post by **slowkey** » Fri Dec 19, 2014 9:31 pm

So I have totally remade the Gann template into a template that is zoom friendly and allows for easy incorporation of Hurst and Bollinger.

So this is what I will be trading with HGI. It allows me to zoom in or out and not loose much as far as the ribbons are concerned but still see nicely both Hurst and Bollinger with HGI.

The same EURUSD 15M chart from post 1 but now zoomed in some. When you zoom in get in the habit of reaching over to the price bar and compressing the chart a little and you will see everything you want to see more clearly. It also puts back into perspective highly volatile charts which I will illustrate in the next post.

EURUSDM15_1.png

Now zoomed in even more with the compression tuned in a little to make it clear.

EURUSDM15_2.png

Now the Chart zoomed out to show you what the whole Gann System looks like now.

EURUSDM15_3.png

So everything is muted somewhat so that what is important can be emphasized.

Edit ... Oh almost forgot ..... See Post 1 for the NEW Packages ...

Cheers,

Doug

Post by **slowkey** » Fri Dec 19, 2014 9:47 pm

So I wanted to show you a highly volatile pair with the new template GBPAUD. The SSG indicator does a nice job of telling you how volatile a pair is just by its spacing of dotted line apart.

Here is GBPAUD Zoomed in some ...

GBPAUDM15_1.png

Now same section with same amount of zoom but compressed down somewhat by pulling down some on the price strip at the right of the chart.

GBPAUDM15_2.png

Old hands know this stuff but making minor adjustments if you are new in trading Forex can make it a lot easier to understand what you are seeing. The SSG indicator can help with sizing up volatility.

I just wanted to give this a new look for the New Year. I think this is a pretty nice package for those who like to trade Gann HGI and still have Hurst and Bollinger to help with price movement estimates and profit taking. As always you can always turn off the visualization for any indicator to not see that on the chart on a specific time period or not at all.

If anyone finds an indicator or something missing please let me know and I will correct it. However I did test the package out on a Demo so I think it is all there.

I am done until after the Holidays.

Season's Greetings to All
Doug

Post by **slowkey** » Mon Dec 22, 2014 6:40 am

So only one obvious problem with the new template. I tried to get away with using under chart properties common "chart on foreground"unchecked. It did not work by the looks of it.

So spending a little time with the new template for Gann and HGI, Hurst and Bollinger I find that you can not see the candle shadows. You can fix this by turning on in chart properties with a check mark "Charts on foreground" or download the template in post one or at the bottom of this post. I made a slight change in the color of the shadow to make it more observable. However you probably adapt colors to your own taste so have at it.

The candles will obscure the hurst system some so you may one to keep the other template to use in those situations. If some one finds a solution to this let me know. Hopefully someday the problems with fill in Empty4 code will be solved so that we can use MT5's ability to fill color rather than use bars in ribbons. That would probably solve some problems. Transparency would help to. If anyone knows if these issues with fill have been solved let me know.

Cheers,

Doug

Post by **slowkey** » Wed Dec 24, 2014 12:15 am

So HGI is starting to shake out some ... If you are following the HGI thread you know where I am heading.

What I mean by that is that I think you will find HGI best on the 240 and possibly 60. As you go lower in time periods HGI is going to fall off the mark because it is based on True TMA just like Hurst. Unlike Hurst you are getting just a signal to go by and no indicator to look at so trading on the 240 is and will always be the best place to trade Bob's system. It was designed with that in mind and there is no way to really make that change based on the theory and evolution of Bob's systems. Just like Pedro's Hurst works best on the 60, 240 and Daily because it was modeled to behave the way a system based on Hurst worked on those time periods. It was a recognition that TMA worked to do the modeling. When you get away from that model than you run into the problems with accuracy that TMA possesses on the lower time periods. However I do like having Hurst on the lower time periods. I can still get a feel from it when using it with Bollinger Bands of when to leave a trade.

I think the best indicator I have ever seen for intraday trading is the MTF 2:1 stochastic used on the 15 minute time period. The ratio to the 60 and 240 time periods are perfect on 15 minute. I am going back to using it exclusively on the intraday charts. I will try to trade some on the 4 hour TF also and I think Hurst is the big break through for me trading that period. I will be keeping Hurst and Bollinger Bands. I have a new respect for how well Bollinger Bands function to help show when price should be tiring in a trend.

I am still a big believer in the better volume indicator. I took an opportunity to compare Apex's trading volume indicator where they use real forex futures contract volume in substitution to Forex volume and I really could not see all that much difference in the two. The difference being you pay a fairly large amount of money a month to use their software when you could be using Forex tick volume for free. I do like a lot of Apex's trading systems but you pay for them and that is not something I feel necessary.

Which brings me back to a major point about intraday trading. It is not ever going to be follow the signal trading. There is news you have to pay attention to. There is less data in a 15 minute candle and going lower than 15 minutes is a crap shoot. Although trading on the 5 minutes is possible.

So the best approach to intraday trading has and will always be a multi-time-frame approach. So that brings me back to the MTF Stochastics based on the 2:1 indicators. I still think that this indicator created by Bob is the best intraday indicator I have ever used. I do not think you need the present time period stochastic when trading it on the 15 minute. I think it is that good. Throw a little volume on the chart, Gann and Hurst and I think you have a successful intraday setup and that is what I did with 10.7 essentially. Although I was trying to stick to Bob's indicator with the current time period Stochastic. You get basically a digital signal from an analog indicator.

So I still would like to program a 2:1 Stochastic indicator that would give you an arrow and produce an alarm when the both the Stochastic's flipped.

So these are my thoughts on HGI on the lower time periods. If you want the best of HGI , trade it on the 240 TF. Bob's 10.7 could be modified to work on the intraday time periods because it's signal was based on a MTF Stochastic indicator. It being so universal that worked once I adjusted the 2:1 Stochastics to lower time periods but HGI is a model of Bob's trading and that is 240 TF trading.Can you find some good trades with HGI on the lower time periods ... sure but more probably with a 2:1 stochastic on the 15 minute.

Season's Greetings

Doug

Post by **astral77** » Thu Dec 25, 2014 2:55 am

Hi Doug

I totally agree with you that the MTF STO is a fantastic tool for day trading. My problem thus far has been exactly opposite yours. I have been trading the 4H TF with good results (mainly following BOB) but when I try lower M30 or M25 TFs I can not quite get into the mind set of lower time frames. Mind you, having said that just using MTF STO and CSS I can have decent results if I am at my computer and actively monitoring the trades. In January I am going to give day trading another go but this time ensuring that I take the trades in the direction of 4H HGI. IMHO in day trading the best time to trade is between 2 hours before New York open and 4 hours after the open. During this time we have the highest liquidity with both Europe and US markets being open. Bollinger bands are also very useful and I have been using John Bollingers Bandwidth indicator (based on Bollinger Bands) for some time.

Wishing you a Merry Xmas and all the best for the future.

Post by **slowkey** » Thu Dec 25, 2014 4:12 pm

astral77 » Wed Dec 24, 2014 10:55 pm wrote:Hi Doug

I totally agree with you that the MTF STO is a fantastic tool for day trading. My problem thus far has been exactly opposite yours. I have been trading the 4H TF with good results (mainly following BOB) but when I try lower M30 or M25 TFs I can not quite get into the mind set of lower time frames. Mind you, having said that just using MTF STO and CSS I can have decent results if I am at my computer and actively monitoring the trades. In January I am going to give day trading another go but this time ensuring that I take the trades in the direction of 4H HGI. IMHO in day trading the best time to trade is between 2 hours before New York open and 4 hours after the open. During this time we have the highest liquidity with both Europe and US markets being open. Bollinger bands are also very useful and I have been using John Bollingers Bandwidth indicator (based on Bollinger Bands) for some time.

Wishing you a Merry Xmas and all the best for the future.

Merry Christmas to you Astral ...
Always enjoy your post.

Doug