Happs Trading System | Foreign exchange indicator download-MT4/MT5 resources
Happs combines price levels derived from the historical highs and lows of a given currency pair with stage levels derived from Fibonacci ratios.
What makes Happs different from any other stage type system is that it does not require new adjustments every month. Its levels are static unless the currency pair makes a new all-time high or low. In this case, a recalculation is required.
Happs also combines the concepts of supply and demand with S/R pivot trading into one system. I believe both concepts need to be understood and considered in order to trade consistently and effectively.
There's a bit of a learning curve here, but it's not rocket science.
The following text document provides a complete description of the system, including its development process.
This is a newly developed system, but I hope people will find it interesting, useful and helpful. If it makes sense to you and works in the demo, great! But always paper trade first!
To make your own templates for different pairs, follow this process:
1) Place the Happs V8 indicator on your chart.
2) If you want to use different values for Hist. Above and below the highest and lowest values shown in the monthly data, you must enter them manually.
Otherwise, your monthly high and low prices will automatically be used by default.
3) Select whether to display the secondary area and fib.
4) If you want to increase the number of Happs levels, increase the Factor setting to 64 or 128. If you want greater levels to view on larger TFs (such as weekly, monthly and possibly daily), lower the Factor setting to 16 or 8.
5) In Properties, change the chart background to dark khaki or steel blue for best visibility. Then shut down the grid.
6) Re-adjusted the colors of Happs lines and levels in the V8 indicator to optimize viewing.
7) Save as template. You are done.
(Make sure you are running MT4 build 500 or higher)
Summary of trading capabilities/usefulness:
Happs was originally designed as an open system that could be used in a variety of ways to find deals. It's still like this.
Having said that, I can also admit that when the system was first designed, I really had no idea how to use it most effectively in trading. All I know is that I'm doing something really good and potentially very useful.
So, after three years of practice and development, I can now offer some better advice on how to use it most effectively in trading, or at least share the advice that works best for me.
The most typical transactions I do with Happs systems involve the blending of technical elements with primary areas. For example, major areas + trend lines + divergence from stochastics. These types of trades are easy to identify and work well for me.
Please click on the link below to see a very typical example. This is a trade I made yesterday on GU. A hidden bearish divergence was confirmed on H4 before price retraced towards the confluence of the main area and the downward sloping trendline.
http://www.forexfactory.com/showthre...65#post6713765
I think the mid zone and secondary zone are generally weaker than the main zone. So in order to trade in these areas I usually want to see a better technical setup than I need to see if a confluence is happening in the masternode. This is how the different technology areas of Happs impact my thinking when considering trade opportunities.
troubleshooting:
If you put the Happs_Phases_Add indicator on your chart and you know that the values it gives for the high and low of a currency pair are wrong, then most likely you do not have good data loaded into your platform. This happens especially when you download a new platform (usually a demo) for the first time.
So what you have to do is:
1) In your MT4 platform, go to Tools > History Center > Currency Pairs > Monthly TF.
2) Then highlight Monthly TF and click Download.
3) It will give you a small introduction that pops up, so click "OK".
4) Then it takes about 4 or 5 minutes for new data to download. This should solve any problem.
**Happs V8 requires MT4 build 500 or higher to run.
Always happy to answer questions. Thanks and enjoy.
--------------------------------------------------------------------------------------------------------------------------------------------------
Important How and Why Posts:
http://www.forexfactory.com/showthre...79#post4882879
http://www.forexfactory.com/showthre...47#post4886947
http://www.forexfactory.com/showthre...10#post4887210
Examples of good charts:
http://www.forexfactory.com/showthre...85#post4892985
http://www.forexfactory.com/showthre...04#post4960904
http://www.forexfactory.com/showthre...19#post4893519
http://www.forexfactory.com/showthre...99#post4904299
----------------------------------------------------------------------------------
renew:
10/09/10:
due to historical differences. The opening prices of various brokers, to make things more objective and for everyone to understand their value, we do not use the historical opening prices as the middle value, but simply use the average between the highest and lowest prices. Fundamental harmonics at work can also be achieved this way and a lot of confusion and problems are eliminated.
Pat created a great indicator for this system which is still a work in progress but it works well. Just place it on any currency pair, enter the high, low and the average of the high and low and you will see the "open" value on the indicator. I've included the indicators below, as well as preset templates for EU and GU.
Thank you so much Pat for the great job!
8/30/11
FerruFx made an important contribution to the Happs V4 indicator. It does the following:
1) It fully expands the SD area (colored rectangle) to the entire screen, so you don't need to flip frames back and forth between times to make the rectangle update itself. It also looks better to have them worn all the way through.
2) It gives you an option to display the high and low prices for any currency pair you apply. This way, if you want to make your own template, you don't have to go through the hassle of tracking the all-time highs and lows of that currency pair.
These are great conveniences and exactly what the indicator needs. Big round of applause to Ferru for a job well done!
I've included the metrics below. "Happs_Phases_Add" is just a matter of placing it on the chart in addition to the regular happiness indicators.
Additionally, I updated the EU template to include the Happs_Phases_Add indicator.
6/15/2012
The concept of secondary S/D zones is introduced and some templates are provided to illustrate the idea.
See this article: http://www.forexfactory.com/showthre...66#post5765766
5/20/2013
Happs Indicator has been updated to the final version V8.
Thanks to Pat1 for their great work in making a very powerful version of the Happs system in trading indicators.
Changes made:
1) Automatically search for all-time highs and lows based on your monthly chart data. No more manual entry of high and low values.
2) Ability to manually override automatic values with values of your choice.
3) If you select this option, a secondary area will appear.
4) Factor Settings: This controls how deeply you want the Happs system to move between high and low prices.
a) 32 is the default standard Happs chart. Leaving Factor at the default value of 32 will produce a regular Happs chart.
b) Setting it to 64 will produce 2x the 50% level, making the level size half the default size. set it to
128 will give you 1/4 size levels, or micro Happs. Some traders like to use this setup for scalping on the 5-minute chart.
c) Lower than the default value of 16 or 8 will make the level larger, for example when viewed on weekly TF.
5) Full control over the color of all lines and levels on the chart to optimize customized viewing.
6) Rectangles can now extend all the way into your chart without the need for additional indicators.
--------------------------------------------------------------------------------------------------------------------------------------------
What makes Happs different from any other stage type system is that it does not require new adjustments every month. Its levels are static unless the currency pair makes a new all-time high or low. In this case, a recalculation is required.
Happs also combines the concepts of supply and demand with S/R pivot trading into one system. I believe both concepts need to be understood and considered in order to trade consistently and effectively.
There's a bit of a learning curve here, but it's not rocket science.
The following text document provides a complete description of the system, including its development process.
This is a newly developed system, but I hope people will find it interesting, useful and helpful. If it makes sense to you and works in the demo, great! But always paper trade first!
To make your own templates for different pairs, follow this process:
1) Place the Happs V8 indicator on your chart.
2) If you want to use different values for Hist. Above and below the highest and lowest values shown in the monthly data, you must enter them manually.
Otherwise, your monthly high and low prices will automatically be used by default.
3) Select whether to display the secondary area and fib.
4) If you want to increase the number of Happs levels, increase the Factor setting to 64 or 128. If you want greater levels to view on larger TFs (such as weekly, monthly and possibly daily), lower the Factor setting to 16 or 8.
5) In Properties, change the chart background to dark khaki or steel blue for best visibility. Then shut down the grid.
6) Re-adjusted the colors of Happs lines and levels in the V8 indicator to optimize viewing.
7) Save as template. You are done.
(Make sure you are running MT4 build 500 or higher)
Summary of trading capabilities/usefulness:
Happs was originally designed as an open system that could be used in a variety of ways to find deals. It's still like this.
Having said that, I can also admit that when the system was first designed, I really had no idea how to use it most effectively in trading. All I know is that I'm doing something really good and potentially very useful.
So, after three years of practice and development, I can now offer some better advice on how to use it most effectively in trading, or at least share the advice that works best for me.
The most typical transactions I do with Happs systems involve the blending of technical elements with primary areas. For example, major areas + trend lines + divergence from stochastics. These types of trades are easy to identify and work well for me.
Please click on the link below to see a very typical example. This is a trade I made yesterday on GU. A hidden bearish divergence was confirmed on H4 before price retraced towards the confluence of the main area and the downward sloping trendline.
http://www.forexfactory.com/showthre...65#post6713765
I think the mid zone and secondary zone are generally weaker than the main zone. So in order to trade in these areas I usually want to see a better technical setup than I need to see if a confluence is happening in the masternode. This is how the different technology areas of Happs impact my thinking when considering trade opportunities.
troubleshooting:
If you put the Happs_Phases_Add indicator on your chart and you know that the values it gives for the high and low of a currency pair are wrong, then most likely you do not have good data loaded into your platform. This happens especially when you download a new platform (usually a demo) for the first time.
So what you have to do is:
1) In your MT4 platform, go to Tools > History Center > Currency Pairs > Monthly TF.
2) Then highlight Monthly TF and click Download.
3) It will give you a small introduction that pops up, so click "OK".
4) Then it takes about 4 or 5 minutes for new data to download. This should solve any problem.
**Happs V8 requires MT4 build 500 or higher to run.
Always happy to answer questions. Thanks and enjoy.
--------------------------------------------------------------------------------------------------------------------------------------------------
Important How and Why Posts:
http://www.forexfactory.com/showthre...79#post4882879
http://www.forexfactory.com/showthre...47#post4886947
http://www.forexfactory.com/showthre...10#post4887210
Examples of good charts:
http://www.forexfactory.com/showthre...85#post4892985
http://www.forexfactory.com/showthre...04#post4960904
http://www.forexfactory.com/showthre...19#post4893519
http://www.forexfactory.com/showthre...99#post4904299
----------------------------------------------------------------------------------
renew:
10/09/10:
due to historical differences. The opening prices of various brokers, to make things more objective and for everyone to understand their value, we do not use the historical opening prices as the middle value, but simply use the average between the highest and lowest prices. Fundamental harmonics at work can also be achieved this way and a lot of confusion and problems are eliminated.
Pat created a great indicator for this system which is still a work in progress but it works well. Just place it on any currency pair, enter the high, low and the average of the high and low and you will see the "open" value on the indicator. I've included the indicators below, as well as preset templates for EU and GU.
Thank you so much Pat for the great job!
8/30/11
FerruFx made an important contribution to the Happs V4 indicator. It does the following:
1) It fully expands the SD area (colored rectangle) to the entire screen, so you don't need to flip frames back and forth between times to make the rectangle update itself. It also looks better to have them worn all the way through.
2) It gives you an option to display the high and low prices for any currency pair you apply. This way, if you want to make your own template, you don't have to go through the hassle of tracking the all-time highs and lows of that currency pair.
These are great conveniences and exactly what the indicator needs. Big round of applause to Ferru for a job well done!
I've included the metrics below. "Happs_Phases_Add" is just a matter of placing it on the chart in addition to the regular happiness indicators.
Additionally, I updated the EU template to include the Happs_Phases_Add indicator.
6/15/2012
The concept of secondary S/D zones is introduced and some templates are provided to illustrate the idea.
See this article: http://www.forexfactory.com/showthre...66#post5765766
5/20/2013
Happs Indicator has been updated to the final version V8.
Thanks to Pat1 for their great work in making a very powerful version of the Happs system in trading indicators.
Changes made:
1) Automatically search for all-time highs and lows based on your monthly chart data. No more manual entry of high and low values.
2) Ability to manually override automatic values with values of your choice.
3) If you select this option, a secondary area will appear.
4) Factor Settings: This controls how deeply you want the Happs system to move between high and low prices.
a) 32 is the default standard Happs chart. Leaving Factor at the default value of 32 will produce a regular Happs chart.
b) Setting it to 64 will produce 2x the 50% level, making the level size half the default size. set it to
128 will give you 1/4 size levels, or micro Happs. Some traders like to use this setup for scalping on the 5-minute chart.
c) Lower than the default value of 16 or 8 will make the level larger, for example when viewed on weekly TF.
5) Full control over the color of all lines and levels on the chart to optimize customized viewing.
6) Rectangles can now extend all the way into your chart without the need for additional indicators.
--------------------------------------------------------------------------------------------------------------------------------------------
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