I have been recently experimenting with a new system I "developed" and have backtested and has been working very well.
What will we be using? Heiken Ashi default indicator and also Heiken Ashi smoothed indicator.
Entry rule;
1) Trade only in the direction of HA Smooth (Blue - long, Red - short)
2) Entry is when HA default closes 1 bar below or above the HA smooth.
3) Exit is when HA default closes 1 bar in the opposite colour.
4) SL - 100 pips emergency stop - can be adjusted for different time frames.
From what I have seen, this strategy is a pip maker on 15M, 30M, 1H and 4H timeframes.
Please feel free to test and comment.
If any EA coders come cross this thread - please do shoot me an email or private message as I am seriously searching for someone to code this into an EA - to kill the emotional torture of this system even though it is highly lucrative!
Thanks!
Please rate this thread if you like what you see - thank you fellow traders!
What will we be using? Heiken Ashi default indicator and also Heiken Ashi smoothed indicator.
Entry rule;
1) Trade only in the direction of HA Smooth (Blue - long, Red - short)
2) Entry is when HA default closes 1 bar below or above the HA smooth.
3) Exit is when HA default closes 1 bar in the opposite colour.
4) SL - 100 pips emergency stop - can be adjusted for different time frames.
From what I have seen, this strategy is a pip maker on 15M, 30M, 1H and 4H timeframes.
Please feel free to test and comment.
If any EA coders come cross this thread - please do shoot me an email or private message as I am seriously searching for someone to code this into an EA - to kill the emotional torture of this system even though it is highly lucrative!

Please rate this thread if you like what you see - thank you fellow traders!
A trader must be humble - else the market would humble him.