Heiken Ashi System | Foreign exchange EA download- MT4/MT5 resources
Hi everyone, I found this template from another forum.
The way to trade is different from how I suggest you should trade. My method is much simpler.
You can trade on any of the 1 hour timeframes I use.
Long entry rules: Wait for a green (bullish) Heiken Ashi candle with a flat bottom (the entry point I circled below) and enter long on the close of the 1 hour candle.
Sl: recent low of heiken ashi candle
TP: As you can see from the chart, I have 3 TPs all on the resistance line.
Exit: Except for tp or sl, if you get an opposite single candle, it's up to you to exit. What I mean is, consider your position when you get an opposing signal; are you profitable? If you are, you should quit, if not, maybe adjust your SL. It's up to you. Make your own rules.
The opposite is true for short trades.
Additional conditions up to you: you should be careful not to trade to resistance or support lines (it's up to you)
You can also wait for divergences included in the template to place trades.
Start by using it with a demo account. You can also trade manually (watch it) and see if it works for you.
tnx
The way to trade is different from how I suggest you should trade. My method is much simpler.
You can trade on any of the 1 hour timeframes I use.
Long entry rules: Wait for a green (bullish) Heiken Ashi candle with a flat bottom (the entry point I circled below) and enter long on the close of the 1 hour candle.
Sl: recent low of heiken ashi candle
TP: As you can see from the chart, I have 3 TPs all on the resistance line.
Exit: Except for tp or sl, if you get an opposite single candle, it's up to you to exit. What I mean is, consider your position when you get an opposing signal; are you profitable? If you are, you should quit, if not, maybe adjust your SL. It's up to you. Make your own rules.
The opposite is true for short trades.
Additional conditions up to you: you should be careful not to trade to resistance or support lines (it's up to you)
You can also wait for divergences included in the template to place trades.
Start by using it with a demo account. You can also trade manually (watch it) and see if it works for you.
tnx
Attachment to original post (6)
📦 Summary of post attachments (1)
Below are all the files shared in the reply (1).
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •