Cyrus7 » Thu Jan 01, 2015 4:33 pm wrote:First of all I have to thank nanningbob, Steve and the other geniuses around here for your generosity - wow! HGB is the best I've ever seen in trading! I'm really impressed how accurate the signals and especially the combination of trend+wave signals are!
I'm going to set up an additional demo just for combined trend and wave line trading and I'm not quite sure about the 'CandlesLookBack" settings. The trade should be taken after the current candle closes with a big arrow and the latest wave line wasn't printed more than 5 candles ago.
Are these the correct settings for the trigger stated above?
TrendCandlesLookBack: 1
WaveCandlesLookBack: 5
One more question: I know that there can be more signals when the PA is uncertain where to go but once the candle is closed the printed signals won't change anymore, right?
Thanks for your help!
Happy New Year to everone here at SHF!
If the questions are directed at me, the answer is no one knows what the correct settings for the CandlesLookBack are, but I have stuck with 5 for both after trying a few combinations.
As for the signals changing or not after the candle closes, you have to ask Bob or one of the coders of HGI. As I understand it, if you refresh the chart or change the time frames, the signal arrows may change if condition changes. If you leave the chart undisturbed, the signals stay the same.
P.S. I could envisage WaveCandlesLookBack as far back as 10 to be still influencing Trend trades downstream.
Last edited by fx800 on Thu Jan 01, 2015 6:43 pm, edited 1 time in total.
fx800 » Thu Jan 01, 2015 5:37 pm wrote:
If the questions are directed at me, the answer is no one knows what the correct settings for the CandlesLookBack are, but I have stuck with 5 for both after trying a few combinations.
As for the signals changing or not after the candle closes, you have to ask Bob or one of the coders of HGI. As I understand it, if you refresh the chart or change the time frames, the signal arrows may change if condition changes. If you leave the chart undisturbed, the signals stay the same.
yes, if you use 15.06, the signal one time drawed, will not be changed, if the candle is closed, and you do not reinitialize the indicator.
Q2 - I look at all the H4 charts to see which way the 60ma is pointing ...
Nice approach as per Bob's recommendations. Keep it simple, right?
Thanks fx800
Yes, keep it plain and simple as Bob preaches. Stick strictly to H4 time frames which is what HGI is designed for. There is no need to keep chopping and changing to a lower time frame for a better entry. There are plenty of pips to be had just taking the H4 signals. Just pick the best pairs to trade at the start of your trading day, sit back and let HGB do the hunting for you. Then two to three hours into each session, look to take profit before they disappear again when the retracement occurs. Be realistic. Look for single hits rather a home run every time. How many times have we heard this before from Master Bob ?
Be very disciplined. DO NOT TRADE BEFORE HIGH IMPACT NEWS, HOWEVER TEMPTING THE SIGNALS MAY BE. AN UNEXPECTED NEWS OUTCOME WILL KICK AN A1 SIGNAL TO KINGDOM COME. BELIEVE ME, IT HAS HAPPENED TO ME MANY TIMES BEFORE !
FXe3 » Thu Jan 01, 2015 5:29 pm wrote:I really like Bob's idea of stacking RAD trades, but I'm trying to work a filter to stop the trade out other than on opposite signal. I had 3 RAD enter on GBP/AUD and the opposite signal didn't close the trade until it averaged 207 pip loss. I haven't played with the ATR stop, maybe that is the answer.
I am seeing some ways to get us in earlier and stopped out sooner. Since price often retraces after the appearance of the RAD, maybe something like a centered TMA5 slope to enter immediately or wait for a turn for entry or stop out.
Try using pending orders for Rad trades to avoid big DD, and set breakeven and jumping stop or trailing stop.
My favourite is BE25+5 JS20. Been using this for as long as I can remember.
" Never let a winner turn into a loser. " Wonder where we have heard that one before ?
Mention of Stochastic is now banned and I am about to delete the relevant posts. The next miscreant to bring it up gets a visit to the On Moderation group. Members of this group can do bugger all here.
I trust I make myself plain. Anyone not understanding, do say and I will use shorter words and sentences in my reply.
Read the effing manual, ok?
Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation. pianodoodler@hotmail.com is the account.
To see The Weekly Roundup of stuff you guys might have missed Click here
My special thanks to Thomas (tomele) for all the incredible work he does here.
I just realised I was being a tad hard on the, "Please can we have more indicators to filter out the bad trades?" brigade (nope, it is ok old stagers, I do not really think that. Dream on, the rest of you.)
Please read the Asking me to add more indicators to 'filter the trades better' section in post 1 to read how you can indeed persuade me to add more indicators to HGB.
Read the effing manual, ok?
Afterprime is the official SHF broker. Read about them at https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?p=175790#p175790.
I still suffer from OCCD. Good thing, really.
Anyone here feeling generous? My paypal account is always in the market for a tiny donation. pianodoodler@hotmail.com is the account.
To see The Weekly Roundup of stuff you guys might have missed Click here
My special thanks to Thomas (tomele) for all the incredible work he does here.
fx800 » Thu Jan 01, 2015 5:37 pm wrote:
If the questions are directed at me, the answer is no one knows what the correct settings for the CandlesLookBack are, but I have stuck with 5 for both after trying a few combinations.
As for the signals changing or not after the candle closes, you have to ask Bob or one of the coders of HGI. As I understand it, if you refresh the chart or change the time frames, the signal arrows may change if condition changes. If you leave the chart undisturbed, the signals stay the same.
yes, if you use 15.06, the signal one time drawed, will not be changed, if the candle is closed, and you do not reinitialize the indicator.
Cheers
Tommaso
Thank you very much, Tommaso!
So if I drag v15.08 on the charts and do a visual backtest (i.e scrolling back through 2014) I see what I would have got in real-time (after the close of the specific candle)? Or is it worthless to do such a visual backtest because there could have been many more arrows and waves in real-time which disappeared because the conditions changed?
Steve, I would highly appreciate your comment on the CandleLookBack settings.
I want HGB to trigger a trade after the current candle closed with a big arrow and and the latest wave was printed within the last 5 candles. Are these the correct settings?
TrendCandlesLookBack: 1
WaveCandlesLookBack: 5
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