Heiken ashi system

[mukoh]

I think that if someone figured out what Goldman Sachs chart reading desk uses for patterning their success rate it would be best.
Oh wait. They don't have one.

 

[trader1974]

When the market is scrambled neither tawagoto neither eggs in vinegar

 

[notagain]

Anything could work if the profit target is half the daily average true range and the stop loss is a third of the profit target. Smart money is in SPX options, they don't even wait for the chart patterns to complete.

 

[trader1974]

Now the market is very stopped.
Hard to win like this

 

[1a2b3cppp]

The heikin ashi system is pointless. It shows you prices that do not really exist.

 

[Fonz]

"The Heikin-Ashi Formula
Normal candlestick charts are composed of a series of open-high-low-close (OHLC) candles set apart by a time series. The Heikin-Ashi technique shares some characteristics with standard candlestick charts but uses a modified formula of close-open-high-low (COHL):"
This is from .... https://www.investopedia.com/trading/heikin-ashi-better-candlestick/

It shows basically an average of prices with different candles.

 

[trader1974]

I think the key is also in what stocktracker says, if you don't have an idea of where prices can go, it's very difficult.

 

[trader1974]

You have to have an overview

 

[WealthSignals]

Operate the first 2 hours after opening with 5-minute heiken ashi candles. Someone has tried? Can you mount a system with this?

What stops you from trying it out?

At least coding it in Wealth-Lab should be rather trivial.

-Eugene

 

[CannonTrading_Ilan]

Operate the first 2 hours after opening with 5-minute heiken ashi candles. Someone has tried? Can you mount a system with this?
Can this ridiculous system get benefits?
Maybe combined with tick charts to reduce the risk at the entrance?
The trend is seen and low risk is entered Can work?

Heiken -Ashi are very nice visually and do help filter out some noise but if you are backtesting, be careful as they have an inherent look back affect which will make results much better than they really are....