DislikedHello everybody, I have been trading Candlesticks with good results but I just discovered the Heikin-Ashi candles and APPARENTLY they are FAR more reliable. Can anybody tell me if this Heikin-Ashi candles are what they appear to be? Thank you! iiivbIgnored
You are absolutely right about heiken ashi candles and the power of thei prediction.
If you check my blog you can learn of a simple manual trading system based on heiken ashi where prediction is based on the previous completed candle. If the previous is green then for instance we use the daily chart to predict the long term trend, then on the hourly chart we use the same to predict the short term trend if both are aligned or the candle is green on the daily and on the hourly chart then we are hald the way. The last step we look for confirmation on a lower time frame usually a on the 15 minutes and using renko range bar and MACD indicator.
This is getting long you will learn this for free and in detail in the following blog with all videos explaining you the method step by step.
I have automated the method on a MT4 EA.
This is a purely based price action system that is why you wont see much charts but you can understand the manual trading which requires you to read charts.
LEarn more here: http://cyberalgo.blogspot.com
Best
irobofx