Heiken Ashi and Heiken Ashi Smoothed EA needed for Renko

Hey guys,

I'm trading the following concept for 3 weeks now and it seems to be very profitable! The rules and tools are very simple - Heiken Ashi and Heiken Ashi Smoothed Candles.

Long Entry:
When the last HA/HAS candle was blue/white

Short Entry:
When the last HA/HAS candle was red/brown

Exit:
Exit the trade after the first HA candle closed in a different colour.

There is a need to automate this system because every possible entry could be the "move of the day" and it's not so easy to monitor renko bars all day long.. I've never tried this concept on timeframes because -for me- renko is the way to go.

Of course, there will be more losers than winners but the positive trades should be 2 or 3 times higher than the negative trades (at least in my testing during the last 3 weeks). The HAS Indi helps to survive choppy conditions, that's pretty cool..

During my research I've found that "p.w.w." was working on the same concept in 2011. The only difference is that he was using (probably) better HAS settings). P.w.w created such an EA. He shared his backtest results (1 Month: 10.000 -> 18.000; 1 year: 10.000 -> 5.300.000) and the results of 2 days forward testing: 1st day: 40 pips, 2nd day: 67 pips). Unfortunately he didn't share the robot..

Attached you can find the Indis I'm using..

Would be great, if someone could code this EA.

Many Thanks,
Mathias

Here is the recent chart:

It's a mixed picture.. Huge move - ranging period - small trends..

162 Pips

You have proved nothing. 3 weeks profitability means nothing. Its like an athlete on a 3 week goal scoring or home run hitting streak. It happens all the time and ultimately means nothing because it was within the normal statistical expectancy.

Once you have 3 months profitability, you might have something special just like a hitter who hits the most home runs for 3 months of the season. And I am not referring to some fantasy book keeping 3 months profitability. I mean a real money account with the results publicly available with FF or MyFXBook. IF you do that, I will consider this request. Before I do a lot of work, you have to do lots yourself and prove to me that its worth my effort.

Seems this idea has merit having looked at it myself on some manual backtests. Anybody willing to have a crack at coding it? (outside of my experience unfortunatley). I'd be happy to share...

@ Cyrus7
there are some heikin ashi ea´s available for free on the web, and a lot more moving average ea´s. and for ha you need 2 ma´s (for the body of the candle). if your interested i can send you some of these, they are somethere on my pc. are you german? if yes, please pm me in german, would make things much easier.

Hello,

why not just trade the smoothed HA alone? Here is a way you can do it, put H4 and H1 or 30M of smoothedHA mtf on H1 or 30M TF and take trades when H1 or 30M goes in the direction of H4. Simple!

Instead of in -out, in-out, see the picture attached smoothed is smoother

kos

Try using http://noprogra.com/

A little tricky but they do allow you to import indicators as trade triggers.

looks very good here, but on most charts i have seen you will just be whipsawing your account to death

will it work on offline (renko!) charts, too?

Cool. I too follow almost the same system. I don't use a smoothed HA. I use my HA on 5 minute/1 minute chart to scalp.It is profitable than many other systems.
I enter on the candle following the HA trend reversal signal and most of of the times i don't even go for any confirmation indicators Thanks for sharing your system.

i think this is good system , how size box renko ? and setting of indicators ?

Very Nice. Stretigy.

I am talking to a programmer for its EA.
But i will have three different EA based on helken ashi system.
pls add me on skype i will discuss the stretigy and EA s .

skype id: altafnori