Steinitz HAS MTF **Theory & EA**

[steinitz]

Originally Posted by magicforextrader

Hi all,

I've download the settings for manual system and tested it manualy on historical database (it tooks a lot of time ) but I've found something which can help with false signals and can predict when the trend is changing with a lot more than 50%.

I think the order in which bars changing color is very important.
I set charts at 5m TF then I look at bars color from the bottom to the top.
E.g. every bar is blue now, the correct order in which bars should change color is: the lower bar become red, then the higher bar become red, and when the lower one become again blue it's the moment to get long.
I'll draw it:
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---------------------------------
---------------------------------
So this is the correct order of bars color: after the lower red ends, and higher is still red we enter LONG or when the red bars ends at the same time.

NOW when the trend is changing the order is different:

--------------------------------
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of course this is an example, it could change in different ways, but this is like a divergency when something going "wrong". So when the order is another then that one at the begining the trend is possibly changing - it could change for a short time or for long time and it depends which bar change color first and how many lower bars have another color then the higher one.

Please check it yourself, I use it only on 4 pairs but I also use some technical analysis.

I hope you get what I mean and sorry for my english

I'll try in close future post some screens.

Dear Sir
I know exactly what you trying to accomplish. In fact I had programmed my first EA looking for taking the entry with the direction of the trend change. What I find is there are many fake outs.

It looks easy but when you try it on a back test or visually look at your charts and keep accurate results of how you would do you will see that it is not as easy as it appears.

What I did was I look at the five to 15 and maybe the 30 to get into a new trade when they all lined up. When I worked out good I would exit on the lowest timeframe color change but that would either get me out too early or too late. Not to say that I exhausted all research on this as there is still room to see if I had missed something.

Keep looking and let us know

Don

[steinitz]

Here's my results for September thus far. I am using the preset files that I sent out labeled #5. I will keep you posted as these trades evolve.

Don

Closed 190+ pips

floating 60+ pips

9/7 thru 9/10+

[sehs4u]

Originally Posted by steinitz

Here's my results for September thus far. I am using the preset files that I sent out labeled #5. I will keep you posted as these trades evolve.

Don

Closed 190+ pips

floating 60+ pips

9/7 thru 9/10+

Hi Don,

Can you post your set file again? I could not find it.

Thanks

[zupcon]

Originally Posted by steinitz

Here's my results for September thus far. I am using the preset files that I sent out labeled #5. I will keep you posted as these trades evolve.

Don

Closed 190+ pips

floating 60+ pips

9/7 thru 9/10+

Don

On the 28th August 2007 you posted a statement from a new demo account. Since that date you have provided not a single update

Now you've started a new demo account, starting 7th September 2007.

Why do you feel the need to constantly start new demo accounts ?

Why wont you ever post demo results obtained over periods greater than a few days ?

[steinitz]

Originally Posted by sehs4u

Hi Don,

Can you post your set file again? I could not find it.

Thanks

No problem. I'm posting my set file here and my most recent statement for September.
Don

[finix]

Just registered as a member. This is a great place to be and I hope to learn from fello members.

Happy trading!

[steinitz]

Originally Posted by finix

Just registered as a member. This is a great place to be and I hope to learn from fello members.

Happy trading!

Welcome aboard!

If you have any questions please feel free to ask away my friend!

Don

[steinitz]

Here is an update today on my account.

Cheers!

Don

[zupcon]

Originally Posted by steinitz

Here is an update today on my account.

Cheers!

Don

Hi Don

What happened to the demo account you started on this thread on the 28th August 2007 ?, surely you need to show people what happened to that particular account ?

[Grahame]

Hi All,

First, thanks to all who are helping in this thread - especially STEINITZ.

I have downloaded all the indicators from Post #1. The Heikin Ashi bars are performing beautifully, but the other four windows are just sitting there - all RED or all BLUE, and not changing.

Obviously I'm using MT4 and loaded them into experts/indicators. They are displaying beautifully, but just not doing anything.

Help, please?

Thanks.

Regards,

Grahame