Quote:
Originally Posted by et_phonehome_2
Hello Steinitz
Nice to see you here after following you from FF and TSD.
Please post the rules as soon as possible and not keep all in suspense...
ET
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Hey ET!
Nice to see you. Small world. LOL
Ok. Just waking up so let me give it a stab. I will make this a bit abbreviated as it is much more complex in the coding of the EA.
1. We use the indicator Heiken Ashi Smoothed or "HAS". Settings 2/6/3/2
2. I also use the "multiple time frame" "HAS" bars to show me the various TF's at one glance.
3. I start with the longest time frame that I have interest in. In this case I will use the monthly TF.
4. We pick a shortest time frame to use to end the search in my example I will use 30 minutes.
5. The approach is to determine what the trend is on the MN TF. Let's say its blue or long. Now we drop down one TF at a time until we come to the first counter trend. We are looking for a red candle.
6. Once we have this red candle we call this the "alert TF". This is the TF we are attempting to trade.
7. We now drop down one more TF and wait for the first sign of a candle that turns blue. We drop down to this lower TF since we want to act quickly to the first sign of a reversal in the direction of the main trend (MN trend).
Let me stop here and see if anybody has questions before I get into the take profits.
Don