HAMA PAD Trading Guidelines
Here are the basic HAMA PAD Trading Guidelines right on the attached chart. Stop loss is set 10-20 pips from the other side of the band. If I have missed anything, I will add it on at later time.
Again, this first phase is a trend trade setups. Please take a look at this simple trading approach and give me your feedback. I appreciate everybody's participation.
HAMA PAD indicators and template are on this post.
pipsnaper, thank you for your interest in HAMA PAD.
Some of the potential trade signals are entered live with OANDA. While forward testing on demo is done with North Finance. I am expecting to do live trading with North Finance when I get back to the USA and after I get my much needed rest.
I will keep the group posted either via this forum thread or email. ENJOY!
Well, I think the modified version is even more cleaner then the older version. I plan to use it on 30min charts and just go for 20pips/day and trade maybe 2-3 pairs. Lets see how it goes.
I must admit it was good thinking outside the box.This filter of the bands is well thought of.Nothing is perfect and trend trades do suffer during sideways movement. Thats a sad and ugly truth.
I think there is going to be a lot of interest.
With the HA mod version, at one glance you know which side you need to be on, either the long or short. Takes away a lot of confusion of trying to see when the trend is started and when it has reversed.
I read somewhere that HA was used by some Japanese traders who made a fortune with the HA chart.
First there was the bar chart, then came the candlestick. Then came HA and renko chart. Finally came the HA-mod.
Let us see how this works out.
Sure is. The modified version HAMA gives us a much cleaner PAD. I like you mindset, M30, 20pips/day, 2-3 pairs. The HAMA can be applied I would say from M15 to D1. I personally prefer M15 or M30, 2-3 lots w/ runner, exit at certain pips and if the trend is strong enough, the runner can take it to the higher TF for longer term trade.
For a while I was box in this FX trading, looking for a clean, simple way to look at the chart and make trade decision. I have seen chart samples with so many confirming indicators on it that it confuses me. Guess what, I did the same thing though with not much improvement on results. HA came into the picture and "my infamous" F89 indicator and I became an avid trend follower.
Bands, like you said, makes potential trade entries very visible. If you watch the HAMA, you will recognize the NTZ or no trade zones which will stop you from trading the sideways movement, unless you are scalping for 3-8 pips. We will have something else soon thrown into the PAD which will give us an early signs of NTZs.
Now, this is like 4x Made Easy without really trying. HAMA PAD, live and in color. It is so simple, a beginner's toy. 4K anyone?
Who knows? Someday, someone else maybe reading about the group of HAMA Traders making their fortune.
Don't forget about the clouds, the Ichimoku. ENJOY!
Where can I get these indicators??? I would really appreciate it if someone would help. Thanks.
Just pm fxcruiser Dan, he would be glad to help you Welcome aboard!
About NTZ, do you mean to when the bars are inside the EMA channel, and/or, the open/close is inside the EMA channel, right?
One filter to use could be trade time. IE: do not trade before/after London/NY sessions.
HAMA PAD indicators and template are available via PM with email provided. This will insure that those who would like to follow the HAMA PAD will receive updates on the approach. I appreciate your cooperation.
fxcruiser: hello again!
Thank you for your message.
Iam sincerely interested in learning your system.
So, Iam here with providing you email.
Please send me your HAMA PAD indicators and templates. Thank you again!