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Thread: Heiken Ashi Real EA based on indicator

  1. #1

    Default Heiken Ashi Real EA based on indicator

    Hi,

    This indicator is based on Heiken Ashi and can be found here : Heiken Ashi Real - MQL4 Code Base

    Here is an idea for an EA I find really accurate when trading manually. Here is the general idea:

    When green line crosses above the red line then it's a bullish entry.
    When green line crosses below the red line then it's a bearish entry.

    NB. We should be able to determine a good entry by the distance between the red and the green signal because sometimes it kisses the red line but never crosses.

    Entry order can be made with SL right below the highest/lowest swing of the previous 3 bars depending if it's bullish or bearish signal :

    Bullish signal: The previous swing low calculated on 1 previous bar (should be able to modify this) sets the SL.

    Bearish signal The previous swing high calculated on 1 previous bar (should be able to modify this) sets the SL.

    You should have the possibility to set TP but I think it's best to set trailing stop 5-10 pips (+ spread/comission) every 10 to 20 pip (+spread/comission) step instead to let the winners run and the losers lose little.

    Honestly I really like this indicator it's simple and accurate.


  2. #2

    Default

    Here is another screenshort. My own .
    Attached Images Attached Images Heiken Ashi Real EA based on indicator-picture-4-png 

  3. #3

    Default

    Anyone ? no one cares right

  4. #4

    Default

    Looks Simple & Cool,
    I'll Check It Out,
    Thanks - Cookie.

  5. #5
    Junior Member
    Join Date
    Aug 2009
    Posts
    1

    Default

    Cookie,

    Thanks for this. I'll definitely try it out.

    Could you please mark the exact SL/TP figures for the entry/exit points on your chart please?

    "previous 3 bars", "1 previous bar" etc is confusing me. I am just a newbie.

    Thanks

    -Gc

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Tags for this Thread

check it out, heiken ashi, indicator, mql, mql4, pips, real, signal, simple, spread, stop, trading, trailing

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