An EA would be great for this thanks for your time. I'll be looking for some new entries today.
Many pips to all.
Trading with Heiken Ashi and Heiken Ashi smoothed - Hybrid 361 replies
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DislikedHi,
i use a 100 stop loss then move to break even if i think the move is strong enough say 50-80 pips (not set in stone) i then trail the stop and exit when it gets hit.
This is a Trending system, and although it does work in choppier times you need to evaluate your own risk reward ratio levels to the market conditions. There are others who look at pivot points etc and of course all of this has its uses, but the thing I like about this system is that it's easy to apply without too much clutter.
Thanks,
SiamIgnored
DislikedSawasdee Khrup Khun Siam,
I use a very similar method for entries
For stops, once the trend is established and we're already past breakeven, I use Parabolic Sars, just keep moving them each day in the direction of the trade as long as the HA stays the same colour.
If the HAs change colour I cease moving my Sars up until the HAs revert to the colour of my trade or I get stopped out.
It's really useful for keeping you in the trade during consolidation/market noise.
Downside is that you can end up missing out on a few pips at the extreme of your trade if you've ceased moving the stops and you get stopped out, but I've found that the upside potential of staying longer in a trade can outweigh the the loss of those few missed pips.
Might not suit you at all, but might be worth a look ?Ignored
Dislikedhi,ur system works i can tell u that starting from 4hrs to daily,wat am testing now is to see how 14 sma/wma/ema/lw behav wth heiken and its been good doin some backtesting thanks for the system but i discovered that 14 linear weighted responds faster than others ,try it and see.Ignored