Heiken Ashi EA MT4
- Experts
- Juvenille Emperor Limited
- Version: 2.90
- Updated: 7 August 2024
- Activations: 20
Heiken Ashi EA ΜΤ4 is a fully automated Expert Advisor for trading the Classic or Smoothed Heiken Ashi candles at an entirely new approach. Heiken Ashi EA MT4 opens a single trade after the first different color candle's close and an opposite trade on every Heiken Ashi color change. There is an option to use this EA by opening the first trade after the 1st Heiken Ashi candle of different color has been closed and then open a new same direction trade on every candle, as long as the color of Heiken Ashi candles remains unchanged. A series of unique settings make this EA extremely versatile, for example the option to select the number of the Heiken Ashi candle that the first trade will be opened, from the 2nd to the 10th and the option to limit the distance between same direction trades in order to avoid too many similar level trades. A Heiken Ashi candles trailing setting will help you to adapt to slow or fast moving markets, by placing the SL of your trades at any past Heiken Ashi candle.
This EA comes with new set files for many symbols/instruments, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers). Other brokers or account types may be used, but you may need to make any necessary time adjustments to fit your broker/account.
Before you test or use Heiken Ashi EA MT4, place this Heiken Ashi Smoothed Indicator for MT4 in your MT4 >> File >> Open Data Folder >> MQL4 >> Indicators folder and restart your MT4 terminal.
Advice: None of my EAs are miracle products capable of predicting the market. Instead, they are honest, well-coded expert advisors designed to win more than they lose. They do not employ martingale or grid strategies, which means their results won't consistently show an upward profit curve; there may be ups and downs. Success with them requires patience and discipline. My general recommendation is to test all the provided set files in your strategy tester. If you discover any interesting results, consider making a purchase. I regularly optimize all my EAs and release new set files twice a year. Additionally, at the end of each month, I assess the performance of all the provided set files and offer new suggestions based on the symbols that have performed the best over the last 2-3 months. I advise you to trade only with the best-performing set files, limiting your risk to 0.5% or 1% per symbol, rather than using all of them. For my latest recommendations, please visit the backtests & set files blog by: clicking here.
Product Installation | How to Test Heiken Ashi EA MT4 | Heiken Ashi EA MT4 Settings/Inputs Guide | Heiken Ashi EA MT4 Backtests & Set Files | Update of a Purchased Product
Features
- Martingale, Grid, Averaging or other dangerous techniques are not used
- New trade on every Heiken Ashi candle direction change
- Option for opening a new same direction trade on each new Heiken Ashi candle
- Trading of Classic or Smoothed Heiken Ashi candles
- Limitation of distance between same direction orders
- Moving Average Trend Filter
- MACD Filter that helps eliminate false signals
- Hard and Virtual Take Profit and Stop Loss levels
- SL, TP, BE and Trailing SL levels in Percentage of the Average Daily Range
- Heiken Ashi candles trailing, places SL at any past Heiken Ashi candle
- Basket TP, SL, BE and Trailing SL in % for all open positions combined
- 100% automated Expert Advisor
- MQL5 VPS compatible
Heiken Ashi EA MT4 Backtests & Set Files
- How to Test Heiken Ashi EA MT4: click here
- Heiken Ashi EA EA MT4 backtests & set files: click here (these set files are optimized for GMT+3 brokers, make sure you change the trading hours accordingly, to fit your broker)
Check all my products: https://www.mql5.com/en/users/eleanna74/seller
Contact me for support: https://www.mql5.com/en/users/eleanna74
#tags heiken ashi expert advisor robot bot heiken ashi classic smoothed candles heiken ashi ea expert advisor robot bot
stable gain over time with stop loss and followed by the author, very good thank you!