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Yet another Heiken Ashi system

author EAcpu | 3 reads | 0 comments |
The thread has stopped.

Update: I will be posting a thread soon based on my new MTF analysis method without using Heiken Ashi. Thank you for reading and your continued support.


Quote Forex 37
Amika King,

Thanks for this system and the thread you named "tribute to lawgirl21". Lawgirl21 also left her posts and left the building, but she kept all the content intact and didn't delete any posts, indicators, or templates.

As a tribute to lawgirl21, it would be great if you could restore everything.

with great respect

Forex 37
In response to your request, I will only post the rules from my previous MTF HA system. Make sure you handle the risks well, as using this system can be very dangerous. You have been warned.

My trading system explained:

Heiken Ashi SW: The famous HA candle is bundled into a separate indicator window that serves to confirm and reinforce our entry on the lower time frame (H4).

Heiken Ashi Smoothing: They smooth price movements on charts, making trends easier to read.

200 EMA: Most commonly used to identify long-term trend direction and trading deviations.

Average True Range (ATR, Issue 14): A handy tool that helps us set Stop Loss, Trailing Stop and Take Profit targets based on current market volatility.

I always use multi-time frame (MTF) analysis to find high-probability trading opportunities on higher time frames, thereby generating high-quality trading signals. If you are a long-term trader like me, I recommend using the H4-D1-W1 combination as they generate the strongest signals when all entry conditions are met. Another variation I would like is the H1-H4-D1 combination, but it really depends on your trading style.

Buying rules:
1.Heiken Ashi SW is white in all 3 TFs.
2. Heiken Ashi Smoothed is blue in all 3 TFs.
3. The prices of all 3 TFs are significantly above the 200EMA.

Selling rules:
1.Heiken Ashi SW is red in all 3 TFs.
2. Heiken Ashi Smoothed is red in all 3 TFs.
3. The prices of all 3 TFs are significantly below the 200EMA.

Exit rules:
Immediately after you open a position, use the current ATR value as your standard stop and trailing stop. Your take profit target is 2 times the current ATR value. This gives us a positive risk to reward ratio of 1:2. You can also go with the trend or use any other exit strategy.

You can apply this system to any currency pair you want to trade. Just like we use other trading systems, the main point of the rules is to strictly follow the entry rules I defined. We will not proceed with any transaction if one of the admission criteria is not met. If there is no signal, stay away from the market.

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