Metatrader Heiken Ashi expert advisor can trade with the trend and enter/exit trades based on the Heiken Ashi indicator, also trail the price of the winning trades by pips, percentage, ATR, MA, PSAR, Heiken Ashi, chandelier. There are two versions, a MT5 Heiken Ashi EA and MT4 Heiken Ashi EA. This RobotFX Heiken Ashi strategy is an all-in-one Heiken Ashi trading solution for traders trading with the trend, so we can safely say that this Heiken Ashi strategy is a trend trading strategy.
The EA can detect the trend – if the trader chooses so – and trade accordingly, meaning that the Heiken AShi EA will only buy if there is an uptrend and sell in downtrend. The trend itself is decided by the Heiken Ashi indicator color on the higher or current timeframe.
It should be noted however that the trend detector can also be disabled and that the Heiken Ashi EA can be allowed to trade by simply following the Heiken Ashi signals on the current timeframe. However, not following the trend might not be the best Heiken Ashi trading strategy.
Heiken Ashi is in uptrend on H1 and H4, meaning that the Heiken Ashi candle color is green (up) on both of these timeframes.
Money management is also possible by setting the EA to use a percentage of the Free Margin as lotsize, or by using a fixed lotsize.
Take your time to understand what each of these settings does. After you’ve done that, try to optimize the default settings based on the pairs you are trading, the time-frame you trade on, your equity and initial LotSize etc.
Find your brokers time by seeing it displayed in your trading platform under Market Watch (the top left hand side of your MetaTrader4 platform). Now do a little math to find out the hourly difference between the GMT and your brokers time. That is the offset. If the market watch time is ahead of the GMT then your setting is a positive number. But don’t use a plus sign. Just write as you normally would for a positive number. If your broker’s time is behind the GMT put a negative sign in front of the number.
The Heiken Ashi MT5 expert advisor:
Heiken Ashi EA EA Rating | 6.17 |
Yield per annum | 24% |
Max drawdown per annum | 31% |
Developer | RobotFX |
Created, year | 2023 |
Free | |
Price | $279 |
Class | short term |
Type | grid |
Lot size | not less than 1000 units per 0.1 of a standard lot |
Deposit | $100 |
Leverage | 200 |
Timeframes | H1, H4 |
Strategies | own strategy |
Indicators | Heiken Ashi indicator |
Recommended brokers | FXCM, NordFX, MultiBank Group |
Trading tool/currency pairs | EURGBP, EURUSD, USDCHF, USDJPY |
Automatic account type | |
Indicating | |
Multiple usage | |
Mini deposits | |
Max risk limitation | |
ECN | |
NDD | |
Several one-way series | |
Auto start lot | |
Fixed stop loss | |
Fixed takeprofit | |
Automatic lapse expansions |
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