Wavegarrick's HGI Trading

[Wavegarrick]

Brilliant thanks for the update Leon. My global prime demo is chugging along nicely, I like the ethos of this system. Low drawdown, steady profits and hopefully when we see some strong trends it will really go into high gear. But no sleep lost either way.

Trader

Hi Trader,

Excellent, great to know

Cheers
Leon

[Wavegarrick]

Hi Guys,

For those of you fortunate enough to have been around in the days of Nanningbob, might have noticed that I am heading towards Bob's 10.7 version. His systems are totally ingrained in me. This is who I am. http://www.stevehopwoodforex.com/phpBB3 ... 549#p89643

My STF indicator is Bob's STo7 indicator, just that I had to modify it with my "Stochastic color mtf" to match up with the UBD settings. In 2014 we did not have HGI signals and we had to rely solely on STO7 indicators. Even though my manual trading results improved dramatically a few years ago I believe we have an added advantage with HGI and combining it with Bob's 10.7 version. This system is a true refection of Bob's work and no alien stuff here.

In my previous posts I have shown you STF on the smaller time frames. Whilst my results are ok I feel that I am not getting the proper risk reward especially with a 150 pip basket. In the past week I cut STF on the smaller time frames and started with the daily and weekly time frame combined with HGI and my results have been sterling so far. Who know I might even include the monthly time frame in time to come.
A quote from Bob in his thread:

To be honest I have never seen anyone try this before but I am sure someone has, I just dont know about it. I have seen dozens of MTF (multi-time-frame) indicators and people send them to me once in a while. I once paid a guy 50 bucks to code me a MTF stochastic 7 years ago. I didnt know about Forex Forums and you could get free indicators. I thought I had an idea someone else hadnt tried. (yes we are so naive when we start trading). So as I was looking at yet another one this thought hit me and I said to myself REALLY?? so I tried it, threw the STO7 on top of it and got real excited. I called a couple of my trading friends and Milanese and said look at this. Milanese dropped everything and for 1 week he has been furiously coding this thing together. Man what a truly selfless individual. The others tried a very rough version and they got some really good results. Here was my thought and here is a pic of that original idea.

What would happen if we made a weekly or daily indicator that would move faster than a 4H, daily or lower TF indi did? In other words the high TF indicator would move first showing us trend direction for that day or week and then trade into that direction. The weekly line is red and the STO7 is blue. The red line is very quick to change the STO7 is not but waits for the market to turn into the trend. This is what I saw.

So In lieu of all this I once again have to give you changes and I am so sorry for this. This is a work in progress.

My TDesk currently and how it looks:

Screenshot_272.png

TDesk Master - v 6.81.set

My Desky Ea changes slightly as I don't want the 150 pips basket anymore:

TDesk Trading partner38.set

UBD set file for "Stochastic color mtf" has been updated to: ( Please note that I may add the monthly time frame onto this set file in due course.)

UBD Stochastic color mtf fast.set

I have re compiled the indicator with minor changes, so you will have to down load again to give the correct reading to UBD, sorry for this:

Stochastic color mtf fast.mq4

I hope all goes well for the new week.

Cheers
Leon

[trader689]

great stuff Leon, thanks for the share. Also good to know that a hefty chunk of Nanningbob is living through your automated system, combined with the power of HGI.

trader

[geojalencar]

Thank you very muck! Testing...

[pacinvest]

Very cool Leon, very helpful to me to observe how you are tracking with your trading. I am running a parrallel course to you with focus on day TF, hope to share some stuff soon but when you break it all down I keep going back to a a very NB 10.7 approach too. I have been comparing fast and slow Sto's to RSIOMA fast and slows set against my standard Ehlers Fisher Transformation (and HGI) and recently looking at divergences to help with some of the difficult reversals we have been experiencing. All the best with the trading.....If only all my bright ideas stopped me from making dumb trades.....but good trades get more frequent and that is the ball game.
cheers
vince

[philcs65]

Leon,

Great work! I have not been trading for a while. This looks like a good way to start up again.
Your work is appreciated.

Regards,

[Wavegarrick]

Hi Guys,

Thanks for all the thank you's, much appreciated. Just ensure that you test it properly and suggestions are welcome
@ Pacinvest. Let us know how you go with your testing Vince, always appreciate your input and who knows? at some point we can incorporate something here.

Anyway Guys,

I have tidied up post 1 of this thread and put together a step by step guide for any newcomer to set up their system and where we are at, at this point in time.

Hope it helps
Cheers
Leon

[Wavegarrick]

Hi Guys,

Something small. I realized that with my indicator STF (stochastic color mtf fast) the signal line follows the main line with one step only and you could lose out on potentially good moves (trades).

Simple step:
- Right click on the indicator "stochastic color mtf fast"
- Click on " modify " to open up Meta Editor.
- In meta editor change " Ma Method " from "o" to "2"
- Click on "Compile"

You are done.

Sorry for that
Cheers
Leon

[geojalencar]

The first week was not very good, there were some purchases of top that gave injury. See next week.

Hugs.

[trader689]

No trades at all for me yet on the new higher timeframe settings (Global Prime demo)

trader