Steinitz HAS MTF **Theory & EA**

[Dave2]

Thx Don for the reply, must say am getting a good feel for this system tho i haven't traded it in real time yet. Looking foreward to using the EA when u sign me up.

[sehs4u]

Don

You wrote that the EA has an entire stop loss which is hidden to the broker to avoid stop hunting and also you said that no trade will end with loss it may go DD for months waiting for trend correction. I am confused if the trade is going against the EA will the stop loss work to close the position ? or just the EA wait for the trend correction?

Thanks

[bunglungchingdong]

Only way to say any trade wont end with loss is to never use a SL and leave it open months maybe even YEARS until it comes into profit.
If you have limited risk in the trade then you can do this.
However with this ea you dont have to have DD, its your choice, just use a sensible SL and input TP also it has internal TP and SL in which if it gets another direction signal on another TF it closes and opens new way anyway.
Using this with W1 MN and M1 TF's I think is no good just use it between M5 and D1 this has shorter scalping like trades and keep you out of long DD.
$50 for an EA is a reasonable price if you paid a programmer to make one this complex it would cost you $800+.
For once someone selling a reasonable priced EA based ona realistic system that of course doesnt always win but the wins are far greater than the losses.
I used these MTF HAS bars months ago and made profits using them with my normal trading and wanted them in an EA because it takes lots of time to watch screen and I got quotes like $600 $1200 to make it so im happy to have paid $50.I dont know if this is so much for the newbie it does take some knowledge and experience of whats going on but I think they developing an easy step by step manual which will help.

[sehs4u]

Hi

You were using the NTF HAS manually by the same strategy of this EA or you have your own strategy?

Thank you

Originally Posted by bunglungchingdong

Only way to say any trade wont end with loss is to never use a SL and leave it open months maybe even YEARS until it comes into profit.
If you have limited risk in the trade then you can do this.
However with this ea you dont have to have DD, its your choice, just use a sensible SL and input TP also it has internal TP and SL in which if it gets another direction signal on another TF it closes and opens new way anyway.
Using this with W1 MN and M1 TF's I think is no good just use it between M5 and D1 this has shorter scalping like trades and keep you out of long DD.
$50 for an EA is a reasonable price if you paid a programmer to make one this complex it would cost you $800+.
For once someone selling a reasonable priced EA based ona realistic system that of course doesnt always win but the wins are far greater than the losses.
I used these MTF HAS bars months ago and made profits using them with my normal trading and wanted them in an EA because it takes lots of time to watch screen and I got quotes like $600 $1200 to make it so im happy to have paid $50.I dont know if this is so much for the newbie it does take some knowledge and experience of whats going on but I think they developing an easy step by step manual which will help.

[steinitz]

Originally Posted by sehs4u

Don

You wrote that the EA has an entire stop loss which is hidden to the broker to avoid stop hunting and also you said that no trade will end with loss it may go DD for months waiting for trend correction. I am confused if the trade is going against the EA will the stop loss work to close the position ? or just the EA wait for the trend correction?

Thanks

The EA is coded to have your order hidden (SL & TP) from the broker. We also have an external SL & TP that is 1.5 times larger then the internal that is seen by the broker ONLY in case of a power failure. With the internal TP you can theoretically put in a 1 pip TP which of course you could never to with a broker.

The SL will work just like any SL. It is set to get you out at "X" pip amount.

Don

[steinitz]

Originally Posted by sehs4u

Hi

You were using the NTF HAS manually by the same strategy of this EA or you have your own strategy?

Thank you

I have used this strategy manually and of course the EA. Both work fine. This thread is dedicated to learning how to trade this method manually. The EA is available if you prefer automation.

I am happy to take any and all questions on the manual approach.

Don

[putra]

hello STEINITZ,
i thanks you for share ur great sistem,i've try your sistem manualy,..
i used to used TF 30 m and with your template,4h TF will become my confirmation to sekking the actual trend.
according to my oppinion the power of your sistem is about timeframe confirmation,let say if long scenario,if all mtf has blue then we can open long then,and the opposite. the result is 100% never loss,of corse sometimes i miss a couple of good trend.because i search the safe entry

please review my oppinion,your advice would be gratefull thx

[mohdnaazri]

HI everybody

hope all success

[steinitz]

Originally Posted by putra

hello STEINITZ,
i thanks you for share ur great sistem,i've try your sistem manualy,..
i used to used TF 30 m and with your template,4h TF will become my confirmation to sekking the actual trend.
according to my oppinion the power of your sistem is about timeframe confirmation,let say if long scenario,if all mtf has blue then we can open long then,and the opposite. the result is 100% never loss,of corse sometimes i miss a couple of good trend.because i search the safe entry

please review my oppinion,your advice would be gratefull thx

I am not positive about your question. If you mean we take the long TF trend being the monthly and trade with it you are correct.

The method is to time your entries and get in on a proper retirement.

Cheers!

Don

[pjo]

Hi ! I am trying to install this EA, running MT4 Build 206 for Alpari UK, OS is Windows Vista Home Premium.

Downloaded mq4 files are copied into D:\Program Files\MetaTrader - Alpari UK\experts .

Those mq4 are shown in Navigator - Expert Advisors.
MTF HAS Bar Lower/Upper A/B or Heikin_Ashi_Smoothed is left clicked. No window is shown.
By right clicking, Attache to a chart did not work.

Other mq4 such as MACD Sample, Moving Average work fine.

Any advise ?

pjo