HGI used with Hurst charts

Post by **TraderJoeForex** » Mon Feb 16, 2015 12:22 am

TraderJoeForex » Sun Feb 15, 2015 3:29 am wrote:These are the correct templates... if you were superquick when I reposted you may still have the wrong ones as I had to upload twice.

I am not sure what you mean about editing the signal frequency? The 15min one only prints on a closed candle but I only use closed candles as signals for both M15 and H4 from the Matrix.

When the truemode is set to false a lot of the wavys disappear because the indicator only prints based on what is sees now which is different to real time. I use truemode set to true as looking back otherwise (although much tidier looking) is false.

Does this help?

Something I have just noticed is that the signal sent by MATRIX correspond to HGI on the chart with ignore future set to false. I had assumed that the most recent signal would match ignore future set to true but that is not the case.

What this means is that to see the same signal on the chart that has been fired by MATRIX ignore future should be set to false so any charts I post will now reflect this. Sorry for any confusion on this.

blueface · Post by **blueface** » Mon Feb 16, 2015 1:50 am

TraderJoeForex » Sat Feb 14, 2015 8:39 pm wrote:
I have made some changes since the above post from playing with HGI 16.04 and DL MACD HURST in action this past week and consider what I outline below as the simplest way I can explain a set of rules that is now working well for me (after lots of trying this and then trying that..) and I will post some live trades next week.

Setup:

I only take signals from closed candle wavys (this alleviates the need for TDMTL to confirm an entry). I do not differentiate between TREND and RANGE wavys but do color them diferently on the chart for reference.

I use two DL MACD HURST indicators (periods 30/60 and 120/240). At least one must be blue for longs and red for shorts.

Entry:

I now only enter one position for each trade and that is on the first candle open following a validated wavy where the open is outside the current timeframe 5TMA centerline (i.e. below for longs and above for shorts).

Exit:

Immediately following the first opposite wavy I exit on the first candle opening outside the 5TMA centerline (i.e. above exiting longs and below exiting shorts) unless a new wavy fires in the direction of the current trade before a candle has opened outside the 5TMA centerline to exit in which case I stay in the trade.

Info:
I trade two timeframes: M15 and H4

I use 1/4 the position size on H4 compared with M15
(roughly based on the difference in ATR between the two)

I use Matrix to fire signals to alert me to open a chart to look for a trade.

Template, indi's and screenshot below.

Hi TraderJoeForex

wow，great

My English is not good，English is also not my native language，I am afraid I misunderstood what you share.

Pls if you can show your Setup ，Entry，Exit in one picture(I mean graphic expression).

and I dont understand this
"
I use 1/4 the position size on H4 compared with M15
(roughly based on the difference in ATR between the two)",if you can use a picture to explain.

Forgive my request too much

thx a lot.

Post by **TraderJoeForex** » Mon Feb 16, 2015 4:03 pm

blueface » Mon Feb 16, 2015 1:50 am wrote:
Hi TraderJoeForex

wow，great

My English is not good，English is also not my native language，I am afraid I misunderstood what you share.

Pls if you can show your Setup ，Entry，Exit in one picture(I mean graphic expression).

and I dont understand this
"
I use 1/4 the position size on H4 compared with M15
(roughly based on the difference in ATR between the two)",if you can use a picture to explain.

Forgive my request too much

thx a lot.

Ok screenshot showing setup and entry for live trade this afternoon on EURUSD. I will post exit when I exit so let's see how it goes.

M15 trade so 0.04 position size for me ( H4 would be 0.01).

Post by **TraderJoeForex** » Mon Feb 16, 2015 4:25 pm

TraderJoeForex » Mon Feb 16, 2015 4:03 pm wrote:
Ok screenshot showing setup and entry for live trade this afternoon on EURUSD. I will post exit when I exit so let's see how it goes.

M15 trade so 0.04 position size for me ( H4 would be 0.01).

.............closed for 6pips on range wavy as new candle opens. Now if we did not have the wavy would probably have closed here anyway because of the rising trendline and 1.1400 line. Knowing me it will break through now but hey.. wavy says get out..

zyx · Post by **zyx** » Mon Feb 16, 2015 4:29 pm

#winning

blueface · Post by **blueface** » Mon Feb 16, 2015 5:24 pm

TraderJoeForex » Mon Feb 16, 2015 4:03 pm wrote:
Ok screenshot showing setup and entry for live trade this afternoon on EURUSD. I will post exit when I exit so let's see how it goes.

M15 trade so 0.04 position size for me ( H4 would be 0.01).

Hi TraderJoeForex

thx you for your post for me,I'll follow your strategy.

thx you a lot

Post by **TraderJoeForex** » Tue Feb 17, 2015 6:33 am

Here is an M15 short on NZDUSD this morning...

Post by **TraderJoeForex** » Tue Feb 17, 2015 6:39 am

Yesterday was +20pips from 4 M15 trades so definately looking for some good H4 setups today.. here are two that I haven't taken because the MACD HURST filters them out (so no doubt they will be runners then haha!)

Post by **TraderJoeForex** » Tue Feb 17, 2015 7:45 am

TraderJoeForex » Tue Feb 17, 2015 6:33 am wrote:Here is an M15 short on NZDUSD this morning...

....now closed for +10pips

Centrefix · Post by **Centrefix** » Tue Feb 17, 2015 9:14 am

Hi TraderJoe,

With respect to your NZDUSD trade this morning on the 15 min, and others to come, I am just trying to see if I have the entry criteria correct:

1/ Signal from the wavy, at least one DL MACD HURST red (for short).

2/ Entry on first candle open following a validated wavy where the open is outside the current time frame white 5TMA. (Below for longs and above for shorts).

I only write to clarify I have this correct. Is this the only interpretation you are making at the moment to system?

Many thanks.

Matt