All Blogs / My Trading / Trading Strategies

HeikinAshi Simple Strategy

26 February 2015, 12:35

Mohit Marwaha

1 041

This is a simple yet very effective trading strategy that works on all timeframes and all pairs.

Chart Set Up - Heikin Ashi Candlesticks

Multiple TF Analysis.

One window will have the Daily HAC and the other window will have the intraday HAC. It can be any timeframe, However i prefer to use 1Hr charts as it gives better results.

Step 1 - Check the Daily HAC. IF the current and previous bar is Bearish, we will only Sell and if the current and previous bar is Bullish, we will only Buy.

Step 2 - Go to the lower TF HAC and wait for the same HAC bar to form. i.e if Daily HAC is Bearish, then wait for Bear candle to form and vice versa for Longs.

Step 3 - Place a sell stop or a buy stop order at the low/high of the bar. Stop Loss at 2 Bar High/Low. Keep Trailing it to 2 Bar high low once you are entered into position.

That's it folks. Successful strategies need to be simple.

thanks

#Heikin Ashi Stretegy

Pankaj D Costa 2015.02.26 18:43 #1

I am also like HA, its really very simple and effective. I have one question to you, if I trade in H1 TF, should I check Day chart previous and current candle to decide about buy or sell? Thanks.

Johannes Hermann 2015.03.12 14:21 #2

sounds easy, does someone have programmed an ea to test it?

Mohit Marwaha 2015.03.14 07:37 #3

nirob76:
I am also like HA, its really very simple and effective. I have one question to you, if I trade in H1 TF, should I check Day chart previous and current candle to decide about buy or sell? Thanks.

Hi nirob76,

I prefer to look at the bigger picture before putting on a trade on the 1Hr TF.

A good way would be to first screen pairs that meet your criteria by applying SMA200 and SMA50 filter. If SMA50 is above SMA200 and Price is trading above SMA50, i would only look for Bullish Heikin Ashi candles on the smaller timeframes even if that means waiting for that setup to come.

cheers.

Pankaj D Costa 2015.03.14 12:14 #4

mmarwaha:

Hi nirob76,

I prefer to look at the bigger picture before putting on a trade on the 1Hr TF.

cheers.

Thanks Dear Mohit,

I had checked 200 & 50 SMA, its really good technique and almost successful trading method.

Thanks for sharing your experience with us.

Keep it up and cheers.

Thanks, Pankaj

Hely Rojas 2015.05.12 03:41 #5

Use iMA 160 LinearWeigthed.

And ONLY open markets in trend directon.

If main chart is M1, M15 best iMA.

Close when trends change direction or Ashi change color.

To add comments, please log in or register