Heiken Ashi EA

Hey guys... This may sound weird to some people... But I've been history testing the Heiken Ashi Smoothed on the M1 EURUSD charts. It's too soon to tell, but so far it has looked very promising. I know it is a simple, straight forward concept of just 1 indicator, but most of the time, simple is better in my experience.

So here is what I propose: Someone make a very simple EA on these parameters:

- Use only 1 indicator, Heiken Ashi Smoothed.

- Use only on 1 chart, EURUSD M1.

- TP and SL is the same and is set when the heiken changes color. For example, if Heiken turns green, open a buy, and when it turns red, close the trade whether its in positive or negative, and open a sell... and vice versa.

Again, I have looked back a ways on this and it MAY turn out to be promising. I hope anyone with a basic knowledge of coding EAs can make this one quick.

Anyways, here is the indicator just in case you don't have it.


Thanks a lot, and I will forward test it on a demo and keep everyone up to date on the progress, if someone wouldn't mind making it.

The Indicator does not seem go along with the price movement. If you see the attached chart the HA candles are either way above or below the price movement. Any settings to be changed to align it more close to the PA?

Thanks

Every few months someone brings this up. EA's have been made for it already, but you'll have to dig around for them as most have been abandoned. The chop will kill you trading just HAS. Do you have some mod of the default settings of 2-6-3-2?

I'm sorry, I don't understand what you just said here.



I have been looking, but no one has made an EA soley for use on EURUSD M1, and closing and opening a new position when the heiken changes color.


If it is possible, program it to only take trades when Heiken changes color, and the candlestick closes in the same direction. (green candle(buy), green heiken ashi(buy)... then enter the trade.


and no, just use default settings

Chop is the constant back and forth, tightly ranging like in the attached. HAS looks nice when the market trends, but eats all profits in times like this. This is eurusd M1. Or do you have some new settings to try?

I agree with you, I attached the indicator to the chart and candles are forming way above or below the price movement. When we just look at the candles it looks like it is very simple and straight forward. The other setting I tried which was close to the PA was 1-2-2-1. Still, as you said nothing can save from chop. Attached are the images.

Karun

Hi Karun

Please can you help me to set up the above charts, i'm not able to set up the settings. i have downloaded the meta trader.

Cheers
Colin

Colin hope this helps http://www.informedtrades.com/26883-...etatrader.html

Hi rebelheart

thank you for the link, yes it worket fine.

How do I used Heiken Ashi Smoothed indicator in my EA?

I want to know how to define if there is a blue color or red color on a heiken candle. Sometimes there are both colors on one candle.

How do I code my EA to figure out whether a heiken candle is blue, or red or has both colors in it?

Or are there calculations I can use to determine the type of candle it is, instead of going by color?

backtesting with ha looks unreal, but so do most other systems, the only way to truly know is to test in real-time and see if u can be profitable. that's why we are all hear to try to help and give advice on things we've tried that are worth looking into or things that dont work as well in real time as they appear to work in backtesting

have anyone tried to use the standard heiken ashi instead of the smoothed?

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