Scribd
Upload
209 views

Metastock: Haguro Method

Uploaded by

Naresh Beniwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
209 views

Metastock: Haguro Method

Uploaded by

Naresh Beniwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 7

Haguro Method

MetaStock
Add-on Manual

Printed in the USA


All Rights Reserved
Copyright © 2017

MetaStock
4548 South Atherton Dr, Suite 200
Salt Lake City, UT 84123
http://www.metastock.com
Except as permitted by law, no part of this document may be
reproduced or transmitted by any process or means without the
prior written consent of MetaStock and Australian School of
Technical Analysis. By publishing this document MetaStock and
Australian School of Technical Analysis do not guarantee that any
information contained herein is or will remain accurate or that
use of the information will ensure correct and faultless operation
of the relevant product or service. MetaStock and Australian
School of Technical Analysis provide products and services as
tools to be used by investors who are aware of the risk inherent in
securities trading, not as recommendations to buy or sell.
MetaStock, its agents, affiliates, and employees shall not be held
liable to or through any user for any loss or damage whatsoever
resulting from reliance on the information contained within this
document or through the use of MetaStock products or services.

This product is not a recommendation to buy or sell, but rather a


guideline to interpreting the specified analysis methods. This
information should only be used by investors who are aware of
the risk inherent in securities trading. MetaStock and Australian
School of Technical Analysis accept no liability whatsoever for
any loss arising from any use of this product or its contents.
Table of Contents

Chapter 1 - Introduction......................................................... 1
Welcome ..........................................................................................1
How to Use This Manual ............................................................1
Chapter 2 - Components Included ....................................... 2
Indicators Included in the Haguro Method ........................2
Explorations Included in the Haguro Method ...................2
Expert Advisors Included in the Haguro Method .............2
Templates Included in the Haguro Method .......................2
Chapter 3 - Strategy Explaination ........................................ 3
Changes to this new version of Haguro: .................................3

Haguro Method Manual iii


C HAPTE R 1 I NT RO DU C T IO N

Welcome
This document is for documenting the changes made in the
Haguro Method. For information on Haguro, you should look at
the MetaStock Help Files regarding the Haguro systems. You can
find these materials under Help|MetaStock Help. Then look for
Haguro under “More Systems and Tools.”

How to Use This Manual


Below is a summary of the content contained in each chapter.

Chapter
Chapter Title Contents
Number
Two Components Overview of the compo-
Included nents included in the
Haguro Method
Three Strategy resevered for possible
Explaination chapter on using the add-
on

Haguro Method Manual 1


C HAPTE R 2 C OMP ONE NTS I NCLUDED

Below is a summary of the indicators, explorations, system tests,


expert advisors, and templates included with the Haguro
Method.

Indicators Included in the Haguro Method


The following indicators are included in the add-on.
• Haguro Method

Explorations Included in the Haguro Method


The following explorations are included in the add-on.
• Haguro Candle 3 + or - 7 % Range
• Haguro 15 + or - 10 % Range
• Haguro Mid Point Cross

Expert Advisors Included in the Haguro Method


The following expert advisors are included in the add-on.
• Haguro Method

Templates Included in the Haguro Method


The following templates are included in the add-on.
• Haguro.mwt

Haguro Method Manual 2


C HAPTE R 3 S TRATEGY E XPLAINAT ION

The Haguro Method comes from a little-known work done by Siki


Shimizu, translated by Gary Burton of the Australian School of
Technical Analysis.
Being Japanese in origin, it’s no surprise that this method
employs candlesticks. It is designed to work with weekly charts.
There may be a possible daily strategy that can be worked out,
but it’s not simply a matter of changing periodicity. One of the
characteristics of weekly charts is that gaps and other events are
all but eliminated. A daily version would have to be adapted to
deal with such events and their effects.
There are two parts to this strategy. The first part looks at where
the candle is relative to the midpoint of the range, and the
second looks at where the close of the week is relative to the last
peak or valley of a 7% ZigZag.

Changes to this new version of Haguro:


Because of increased volatility in markets, we’ve increased the
requirements for the Haguro Range indicator from 7 to 10. Here
are the changes made for this change:
• Expert Adviser updated to look for a 10% move.
• Horizontal Lines in Haguro changed to + and - 10%
• Adjusted Explorations for Haguro Candle 3 to require a 10%
move up or down and adjusted the name to match.
Also:
• Added a new Exploration title Haguro 15 + or - 10 % Range to
look for Bar 15 patterns. Candle 15 is a popular reversal line
when found at a high or low price. You can find out more
about the Candle 15 in the manual and in the Expert Advisor
text

Haguro Method Manual 3


Chapter 3: Strategy Explaination
• Corrected a Hyperlink in the Expert Commentary to direct to
http://www.astatrading.com/

Haguro Method Manual 4

You might also like