(binned per thread starter’s request) Heiken Ashi EMA system

System improvements. We're friends with the trend, and what was missing? Finding strength in impulses.
I've changed some parameters to make it easier to find these impulses.
This is a trade currently underway on GBPUSD.
The update is as follows:
Instead of one EMA12, we'll use two EMA12s. One at the HIGH and one at the LOW. Neither at the close.
We'll eliminate the EMAs at 150 and 200.
We'll add the NOVA indicator in TradingView by Splitzmagic (I haven't found anything similar for MT4 or MT5).
This will filter entries.
And if you want to confirm, we'll add an RSIOMA (if it's below 50, it's a bearish trend; if it's above 50, it's a bullish trend).
I've found some in MT5, but they don't match the one in TradingView, which is from CryptoJoncis.
This is just an addition, nothing really necessary.

We'll enter a short position when the price pulls back below the EMA12 High. In the case of a short position, the stochastic is above the 50 level, and the NOVA indicator indicates a candle with volume exceeding the indicator's blue line. This will indicate a strong candle.
We'll place the SL at the previous high or even above the EMA12 High. Theoretically, this should be more than enough. We'll continue looking for a 1:2 RR.
Whether you place a BE or not will still depend on you. In my case, I'm still waiting for the stochastic to reach the 20-30 level and I place a trailing stop with the EMA12 High.
If there are any questions, let me know. I think that's all there is to it. I'll try these changes for a few days; I think they're quite effective and will show results.
Best regards!

TP

These are undoubtedly the best entries. Especially when the stochastic crosses 50 and returns.




EDIT: Use BE. Likewise, if the initial SL had been placed on the EMA12 LOW (something I need to look at more closely), it would have already been TP.

TP! We set the account at -1%. Today was a super TP.
We placed the yellow line from the stochastic touching 50. And we simply waited for a NOVA signal within our EMAs.
I made this trade with Japanese candlesticks, which is exactly the same, but sometimes they anticipate the movement more and gain those pips, which in this case arrived just in time because the price turned around so dramatically.

This will be my last post until I get any responses or feedback from the community. I can just keep my own journal. Many thanks to you.

ONE G/U COMMAND

The entry is good, but you set too large of an SL. Give it just one or two points below the last low. If it’s going to hit SL, it will anyway, you know?
My friend took the same one and it hit TP, but if I remember correctly, with those candles afterwards it dropped, right? Did you set BE? Did you use 1:2RR?

Entry at the 50 after breaking the EMAs — and what does that equal? TP.

Attachment g

Hello, thank you for sharing this system. Would it be possible for you to give a more detailed explanation of the strategy? A video walkthrough would be greatly appreciated. Thank you in advance!

Sorry, but I won’t be posting any more entries. I think that between post #1 and post #41, which is the system update, everything is explained clearly. What I will do, however, is correct any mistakes in the entries that you publish yourselves — and it will be a pleasure to do so. Test it on demo.

Trades today. Still using the old method. The US30 trade hit SL. USDJPY hit TP. BTCUSD hit BE. The red cross shows entries.

The trades made with the old method are correct. What happens, and why I updated it, is that sometimes the impulses are no longer powerful. But with the old method, they're correct. Even as I posted, I made over 11% with this trade. I simply think the update is better.

I fully understand the update. Too bad it can't be used in metatrader.

Yes, I'm trying to contact the indicator creator to get the code, but it seems complicated...
There's a similar indicator, but it doesn't filter the trend at all. It only tells you if the candle exceeds the volume average of the others. It's not bad, but only when the market is clearly trending.

If you focus on a single asset, it will give you more benefits since you eliminate more false entries.

Consider that if you have, for example, a 60% success rate (I'm making this up) and your losing streak is 40 trades per 100, it's multiplied by each asset in a bad run. The good runs will be greater, but so will the losses.