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Heiken Ashi EA MT5

4.94

Heiken Ashi EA MT5 is a fully automated trading system that takes Classic or Smoothed Heiken Ashi candles to the next level. It enters trades based on Heiken Ashi color changes, offering a highly customizable approach to fit different trading styles. The EA provides great flexibility, allowing you to select which Heiken Ashi candle (from the 2nd to the 10th) should trigger the first trade. Additionally, it includes a distance limitation feature to prevent excessive entries at similar price levels. A built-in Heiken Ashi trailing stop dynamically adjusts stop-loss levels based on past Heiken Ashi candles, helping to adapt to different market conditions. To improve trade quality, the EA includes Moving Average and MACD filters to reduce false signals. This EA comes with specially optimized set files for many symbols/instruments.

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 lower per symbol, rather than using all of them. For my latest recommendations, please visit the backtests & set files blog by: clicking here.


Before using the Heiken Ashi EA MT5, you must install the Heiken Ashi Smoothed Indicator for MT5 in MT5 \ File \ Open Data Folder \ MQL5 \ Indicators. Be careful NOT to place it in the Examples folder or any other subfolder, it must go directly into the Indicators folder.


Product Installation  |  How to Test the Heiken Ashi EA  |  Heiken Ashi EA Settings/Inputs Guide  |  Heiken Ashi EA Recommended Set Files


Features

  • No Martingale, Grid, Averaging, or other high-risk strategies
  • Trades Classic or Smoothed Heiken Ashi candles
  • Limits distance between same-direction orders
  • Moving Average and MACD filters reduce false signals
  • Supports Hard and Virtual Take Profit and Stop Loss
  • SL, TP, BE, and Trailing SL based on ADR percentage
  • Basket TP, SL, BE, and Trailing SL for all open positions
  • Fully automated Expert Advisor
  • Compatible with MQL5 VPS

              I would greatly appreciate a positive review if you are happy with your purchase. Please contact me to find a solution if you are not.


              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 ea forex robot mt5 expert advisor classic smoothed heiken ashi candles automated trading trend following strategy


              Reviews 19
              Pavel Sebastian Dobroucky
              275
              Pavel Sebastian Dobroucky 2025.02.04 18:45 
               

              Excellent EA. simple in its logic, but all the more powerful and flawless when set up correctly, preferably according to carefully optimized "sets" directly from Eleni. Behind it is a lot of detailed and careful work from the developer, which will save you time and nerves and will certainly earn you some money, if you use it correctly and of course there will be a good market setting, nothing is guaranteed. I highly recommend it to everyone!

              smooth_pips
              176
              smooth_pips 2024.10.23 13:34 
               

              Very good EA. A safe way of trading by not using grid or martingale style. Small losses and big wins. I definitely recommend this EA.

              ANARCHITECTS
              259
              ANARCHITECTS 2024.05.19 08:05 
               

              Really nice EA, amazing customer support, the developer is generous to assist whenever needed and open for suggestions. Overall really satisfied and happy.

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              Azil Al Azizul
              4.8 (5)
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              Juvenille Emperor Limited
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              Juvenille Emperor Limited
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              Juvenille Emperor Limited
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              Filter:
              Pavel Sebastian Dobroucky
              275
              Pavel Sebastian Dobroucky 2025.02.04 18:45 
               

              Excellent EA. simple in its logic, but all the more powerful and flawless when set up correctly, preferably according to carefully optimized "sets" directly from Eleni. Behind it is a lot of detailed and careful work from the developer, which will save you time and nerves and will certainly earn you some money, if you use it correctly and of course there will be a good market setting, nothing is guaranteed. I highly recommend it to everyone!

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2025.02.04 18:50
              Thank you so much for your wonderful feedback, Pavel! I really appreciate that you find the Heiken Ashi EA both simple and powerful when configured properly. It’s great to know that my hard work is making trading easier and more efficient for you. Your recommendation truly means a lot to me—wishing you continued success in the markets! Happy trading!
              Prze mek
              29
              Prze mek 2025.01.15 16:25 
               

              User didn't leave any comment to the rating

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2025.01.15 16:29
              Thank you for your wonderful review my friend! I’m delighted to hear that you find the Heiken Ashi EA reliable and appreciate the optimization efforts and support I provide. Your recommendation truly means a lot and motivates me to continue delivering the best experience for all users!
              smooth_pips
              176
              smooth_pips 2024.10.23 13:34 
               

              Very good EA. A safe way of trading by not using grid or martingale style. Small losses and big wins. I definitely recommend this EA.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2024.10.23 13:46
              Thank you so much for your fantastic review! I'm thrilled to hear that you're enjoying the Heiken Ashi EA and that it's working well with your trading style. My goal was to create a safe, efficient system without grid or martingale strategies, so it's great to know you're seeing positive results. Happy trading, and feel free to reach out if you need any assistance!
              ANARCHITECTS
              259
              ANARCHITECTS 2024.05.19 08:05 
               

              Really nice EA, amazing customer support, the developer is generous to assist whenever needed and open for suggestions. Overall really satisfied and happy.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2024.10.23 13:48
              Thank you so much for your kind words! I'm really glad to hear that you're happy with the Heiken Ashi EA and my customer support. Your satisfaction means a lot to me and I'm always here to help. Wishing you continued success and happy trading!
              averdas
              29
              averdas 2024.04.11 12:15 
               

              Bought that EA due I have other EA but only scalp in 15m normal candles and Heiken ashi. What I saw the heiken ashi scalping was better than with normal candles but I wanted something for swing trades 1 hour up to Daily trades. Gonna check it but from far I know Heiken ashi stuff work better.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2024.04.11 12:35
              Thank you very much for your great 5 star review for the Heiken Ashi EA MT5. Please don't hesitate to contact me if you need any help with it. I wish you all the best with your trading!
              Noppadol Phompaksorn
              421
              Noppadol Phompaksorn 2024.02.03 17:13 
               

              This is very good Heiken Ashi EA and I'm very happy with Heiken Ashi EA MT5 set files which give good results on live trading.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2024.02.03 17:19
              Thank you so much for your positive feedback and excellent review! I'm delighted to hear that you are satisfied with the performance of your Heiken Ashi EA MT5, and the success you've experienced with my recommended set files.
              David Gabriel
              251
              David Gabriel 2024.02.02 18:40 
               

              Rented a few days ago, this ea is extraodinary. As indicated in the description, it's not a magic tool, it doesn't read the future, but works with logic. The inputs are perfect. Like all inteligently programmed bots, this ea has both negative and positive days. But for the moment, it has made more positive than negative days. Around +10% in one week with a DD of 15%. What I really like about Heiken Ashi EA MT5 is its well thought-out risk management. He won't place SLs very far out in the hope of a market reversal. When he loses, he loses, but he doesn't lose much, but when he wins, he's magnificent. Another proof of the programmer's honesty: his very attractive price, no telegram group, no affiliation. He must make his money with forex and not with us :)

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2024.02.02 20:11
              Thank you so much for taking the time to share your experience with the Heiken Ashi EA MT5. I am thrilled to hear that you find it extraordinary and that it aligns with the logic and risk management principles I've implemented. Your observation about the balanced approach to both positive and negative days resonates with my commitment to transparency and honesty. I designed this EA with careful risk management to minimize losses while maximizing gains, and it's rewarding to hear that you are happy with the results. Your feedback encourages me to keep refining and improving the EA. I am here to support you on your trading journey. Wishing you continued success in your trading endeavors!
              grapie
              87
              grapie 2023.08.19 00:37 
               

              The best and most reliable EA I have purchased thus far and I have purchased quite a few. Customer service is second to none. I encourage you to try it out.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2023.08.19 09:17
              I greatly appreciate your nice comments and your excellent review! Thank you very much!
              HawkeyesFX
              20
              HawkeyesFX 2023.08.10 21:14 
               

              I cannot praise Eleni Anna Branou enough. As a new user of EAs, this one functions perfectly! Additionally, Eleni has been extremely patient with me while configuring the EA to better suit my style. Thank you!

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2023.08.10 22:08
              I was really happy to help you configuring the Heiken Ashi EA MT5 to your specific needs. Thank you very much for your warmhearted comments and your excellent review!
              Jeanne Barkhuizen
              1724
              Jeanne Barkhuizen 2023.08.06 15:59 
               

              User didn't leave any comment to the rating

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2023.08.06 16:06
              I really appreciate your warmhearted comments and excellent review for the Heiken Ashi EA Jeanne!
              Rafael Alfredo Capucho
              359
              Rafael Alfredo Capucho 2023.06.20 18:40 
               

              Pretty good EA, Eleni replies quickly and friendly. I adjusted the EA to follow longer trends in the daily chart with good results so far (backtesting; I just put in live trading today).. Eleni, please, I also liked your RSI EA, but looks like that the presets aren't really performing well in 2023, I noticed that you have reconfigured the Heiken Ashi recently, what do you think about doing the same with the RSI EA? it looks promissing, thank you!!

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2023.06.20 18:43
              Thank you very much for your nice comments and great review Rafael! I am optimizing the new set files for the RSI EA MT4/5 as we speak, so I will publish the new ones in a week or so. I am doing this optimization on all symbols for all my EAs twice a year.
              MetaNewbetrader
              224
              MetaNewbetrader 2023.05.24 05:40 
               

              Great EA with amazing customer support! Eleni helped me with settings to optimize into a profitable strategy!

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2023.05.24 10:09
              Thank you very much for your excellent feedback and review! I am happy that I was able to help you with your strategy.
              MAL1967
              20
              MAL1967 2023.02.20 14:34 
               

              I bought this EA but had problems installing it. Eleni Anna supported me through out the process. Excellent Support.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2023.02.20 14:35
              Thank you very much for you nice comments and excellent review! I will always be here for anything else you may need.
              Elvis A Soares Lucas
              879
              Elvis A Soares Lucas 2022.09.15 18:52 
               

              Great EA, my implemented strategy has made $400 today. Please keep updating and improving EA!

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2022.09.15 18:54
              Thank you very much for your great review! I wish you the best results with your Heiken Ashi EA MT5.
              abdulwahab anuoluwapo
              30
              abdulwahab anuoluwapo 2022.06.19 10:20 
               

              very nice customer service, now i can now laugh forever, thanks man

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2022.09.15 18:54
              Thank you very much for your excellent review, I really appreciate it!
              tmmt4
              25
              tmmt4 2022.03.10 16:42 
               

              Effective EA with excellent customer service.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2022.03.10 16:43
              Thank you very much for your great review, I really appreciate it!
              Peter Saka Wagogo
              258
              Peter Saka Wagogo 2022.02.09 16:44 
               

              This EA is good in a trending market. However, it performs very bad in a consolidating market. A filter ought to be added to allow it place trades only when the market is trending.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2022.02.09 16:51
              Thank you Peter for your constructive feedback. A Moving Average filter is already in place and helps avoiding some consolidation, but there is no magic filter that will stop the EA and any other EA from opening trades during non-trending periods. I am always open to suggestions that will help improving the Heiken Ashi EA.
              Lucky Pal
              416
              Lucky Pal 2022.01.03 05:41 
               

              Hands down the best Heiken Ashi EA I've found on this marketplace. Couldn't find a strategy to get this thing working at first (on the 1H timeframe), but now I've figured it out. It works best on the 4H and the Daily timeframes when the market is trending, but I've also managed to get it to work in choppy markets using the classic HA candles by using a tight stop loss and intervening a bit when a new HA trend starts going against me by using price alerts and manually closing trades. That's a lot easier to do on the Daily timeframe than the 1 hour timeframe and below.

              UPDATE (9/20/22): Just confirmed through the strategy tester that the new XAUUSD D1 strategy is profitable. And the addition of volatility-based TP's and SL's (ADR) made this EA a lot better.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2022.01.03 09:25
              Thank you really very much for your constructive feedback and your excellent review! I have also introduced a set of 12 new set files for 2022, that you may find useful and interesting to check out.
              JCJ
              846
              JCJ 2021.10.12 08:39 
               

              Trend following EA, works, needs patience as the real profits are made when the markets are trending. Supplied Heiken Ashi indicator is awesome.

              Juvenille Emperor Limited
              84044
              Reply from developer Eleni Anna Branou 2021.10.13 10:32
              Thank you very much for your excellent review! I am always here if you need any help or support.
              Reply to review
              Version 2.50 2025.03.10
              Add an option to close all EA trades at a specific time, either on a chosen day or daily.
              Version 2.40 2024.06.06
              Fix of an issue.
              Version 2.30 2024.04.19
              Fix of a bug with 'Opposite Logic' setting.
              Version 2.20 2023.07.25
              Heiken Ashi EA MT5 has been updated with 3 important changes that will improve the EA's usability and effectiveness.

              1. Until now the Heiken Ashi EA MT5 was opening the first opposite direction trade at the opening of the second different color Heiken Ashi candle. Now you can select the number of the Heiken Ashi (classic or smoothed) candle, that the first trade of the opposite direction will be opened, from the 2nd to the 10th.

              2. A new setting will allow you to choose whether the Heiken Ashi EA MT5 will open the first trade when it is attached on the chart and in every next trading session (at Start Hour/Minutes), at the next candle (as it does now) or at the next opposite signal. This way you will be able to avoid exhausted signals that are near to their end.

              3. Finally a new Heiken Ashi candles trailing has been added, that can trail your trades, placing the SL of each buy trade at the bottom of any previous heiken ashi candle body and of each sell at the high of any previous heiken ashi candle body, moving one candle upwards/downwards in every new heiken ashi candle. This new setting will improve how the Heiken Ashi EA MT5 will adapt to slow or fast moving markets.
              Version 2.10 2023.02.06
              Heiken Ashi EA MT5 has been updated with the following features:

              1. A Maximum Number of Trades per Heiken Ashi Change setting has been added, that can limit the number of same direction trades per Heiken Ashi color change or cycle.

              2. The Stop Same Trades After Close setting, now takes into account all types of trade closure, like TP/SL/BE/Trailing SL/Basket and manual trade closure.

              3. A Close All Trades on Friday setting has been added, that allows the user to close all EA's open trades on a specific time on Friday.

              Please update your Heiken Ashi EA MT5.
              Version 2.0 2022.10.30
              Heiken Ashi EA MT5 has been updated with a new setting that can close the running trade on an opposite Heiken Ashi candle, before an opposite signal comes. This closure will happen on the opening of the 2nd opposite color Heiken Ashi candle.
              Version 1.90 2022.10.04
              Hello dear friends,

              A MACD filter is now available, that will help you eliminate many false signals of the Heiken Ashi classic or smoothed candles.

              Also an EA Comment setting has been added, that allows the user to insert a custom comment in all Heiken Ashi EA MT5 trades.
              Version 1.80 2022.08.13
              New default settings for trading the Heiken Ashi Classic candles with closure on opposite signal logic. New optimized set files for many symbols/instruments.
              Version 1.70 2022.04.04
              A new important update comes to the Heiken Ashi EA MT5 that will improve significantly the responsiveness of the EA to the changes and volatility of the market.

              The addition of Stop Loss, Take Profit, Break Even and Trailing Stop Loss levels in Percentage of Average Daily Range of a set number of Average Daily Range Candles.

              Please update your Heiken Ashi EA MT5 and load the new updated set files, that include the new SL/TP/BE ans trailing SL levels in Percentage of Average Daily Range.
              Version 1.60 2022.02.16
              Fix of a bug.
              Version 1.50 2021.12.23
              Heiken Ashi EA MT5 has been updated with a new default EURUSD D1 strategy. Also 12 new set files have been created in various symbols for you to use and experiment with.
              Version 1.40 2021.11.21
              Addition of Saturday and Sunday in the trading days, in order for the Heiken Ashi EA MT5 to be traded with cryptocurrencies. Also the trading hours format has been changed in order to be optimizable.
              Version 1.30 2021.06.05
              Replacement of the Stop Same Direction Signals after Basket setting with a new setting that allows to stop same directions trades from opening, after every kind of trade closure, whether its TP, SL, BE or Basket. Addition of a Moving Average Filter option.
              Version 1.20 2021.05.20
              Addition of Monday to Friday true/false settings, for avoiding trading on certain days. Correction of Smoothed Heiken Ashi MA Method settings. Improved EURUSD D1 default strategy.
              Version 1.10 2021.05.03
              New EURUSD D1 default strategy.