AHG - Profitable Strategy for Struggling Traders

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Quote from bigbadbaz:

I'm not sure you said fuck enough.. a real professional trader would have used it every second word not just every third or fourth
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fuck fuck fuckity fuck! *whew*

I bet when I check my trading account that shit will have skyrocketed! Steak and Lobster to-nite baby!
 
Quote from Jaxon:

How do you get those nice red and blue lines at the highs/lows? Custom t/s indicator?
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Heikin Ashi Bars

I'm attaching the ELD to this post for you or anyone else that is interested and is a user of Tradestation.

From Investopedia:

"A type of candlestick chart that shares many characteristics with standard candlestick charts, but differs because of the values used to create each bar. Instead of using the open-high-low-close (OHLC) bars like standard candlestick charts, the Heikin-Ashi technique uses a modified formula:

Close = (Open+High+Low+Close)/4
Open = [Open (previous bar) + Close (previous bar)]/2
High = Max (High,Open,Close)
Low = Min (Low,Open, Close)

The Heikin-Ashi technique is used by technical traders to identify a given trend more easily. Hollow candles with no lower shadows are used to signal a strong uptrend, while filled candles with no higher shadow are used to identify a strong downtrend.

This technique should be used in combination with standard candlestick charts or other indicators to provide a technical trader the information needed to make a profitable trade."
 

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Thanks, I will use the HA bars. I couldn't get your linked file to work, but I found the paintbar on the Tradestation support forum. What I can't find is how you make those blue lines to mark the highs and red lines (dots) to mark the lows on your charts. Might be labeled "SHME Dynamic SR" on your chart.
 
Couple of common questions sent via PM.

NEWS

I don't follow the news except when I bump into them after trading.

I used to pay attention to the time of important news releases but I don't anymore.

If the trade goes against me I will get stopped out and if it goes in my favor I will hit my target(s) simple. A canadian friend taught me that, you know who you are.

The news itself is absolutely worthless to me for trading. How the market reacts cannot be illustrated better or faster than in a clean chart.

The one exception is FOMC. I trade that differently, more like personal fun trades with minimal car size but the point is I do pay attention for the day and time of that particular announcement because the news can be very drastic and basically kill all patterns within sight.

SWING TRADING

Usually I don't as I'm mostly a scalper. It's got nothing to do about holding overnight, I just prefer the higher size small stop approach.

Ok that's about it.
 
Quote from Bogwaluth:

How are the dynamic S/R lines determined? (ie what's the code for that?)

Thanks for the thread, it's fun to follow along.
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The S/R just determines the high and low for a user input period.

Here is the code:

[LegacyColorValue = true];


{ _SHME_Dynamic_SR - draw dynamic s/rlines for the period - periods auto calculated }


{Programmer: Avery T. Horton, Jr. aka TheRumpledOne}

inputs:


iMode("No"), { if "auto" code sets xPeriods, if not "auto" code uses iPeriods}

iPeriods(05),
HighColor( red),
LowColor( blue) ;

variables:

xPeriods(60),
xInterval(0),
sFirstPass(true),
HavePrevLines( false ),
TLHigh( 0 ),
TLLow( 0 ),
PushHigh( 0 ),
PushLow( 0 ),
OldPushHigh( 0 ),
OldPushLow( 0 ),
PrevPushHigh( 0 ),
PrevPushLow( 0 ) ;


{first time through}

if sFirstPass
then begin

sFirstPass = false;

{bar test}

If bartype = 4
then xInterval = 94
else
If bartype = 3
then xInterval = 93
else
If bartype = 2
then xInterval = 92
else
If bartype = 1
then begin
xInterval = BarInterval;
end; { If bartype = 1 }

{mode test}

If iMode <> "Auto" and iMode <> "auto" and iMode <> "AUTO"
then xPeriods = iPeriods
else xPeriods = _fPushPeriods(xInterval);

end; {if sFirstPass}

{save old values}

If PushHigh <> PrevPushHigh
then OldPushHigh = PrevPushHigh;

If PushLow <> PrevPushLow
then OldPushLow = PrevPushLow ;

OldPushHigh = PrevPushHigh ;
OldPushLow = PrevPushLow ;

PrevPushHigh = PushHigh ;
PrevPushLow = PushLow ;

{ high / low for period }

PushHigh = Highest( H, xPeriods);
PushLow = Lowest( L, xPeriods) ;

If PushHigh <> H
and PushHigh < PrevPushHigh
then PushHigh = PrevPushHigh;

If PushLow <> L
and PushLow > PrevPushLow
then PushLow = PrevPushLow;

plot1(PushLow, "PushLow", LowColor);

plot2(PushHigh, "PushHigh", HighColor);
 
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