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Hi all, I developed a tradingview strategy that uses the heinken ashi candle patterns for entry with a vwap trend filter. The strategy can be 50% win ratio and profitable. I would like to convert it into an mt4 ea so that i can properly backtest it.
Please does anyone have any advise. I\ve used chat GPT but its inconclusive.
Some questions i have: Would i need to search for an existing mt4 Heineken ashi candle indicator and vwap indicator in order for the conversion to be possible.
//@version=5
strategy("Heikin Ashi VWAP Strategy with SL and TP", shorttitle="HAVS_SL_TP", overlay=true)
// VWAP calculation
vwapValue = ta.vwap(hlc3)
// Initializing Heikin Ashi variables
var float haOpen = na
var float haClose = na
var float haHigh = na
var float haLow = na
// Calculate Heikin Ashi values for each bar
haClose := (open + high + low + close) / 4
haOpen := na(haOpen[1]) ? (open + close) / 2 : (haOpen[1] + haClose[1]) / 2
haHigh := math.max(high, haOpen, haClose)
haLow := math.min(low, haOpen, haClose)
// Entry conditions based on Heikin Ashi candles and VWAP
longCondition = (close > vwapValue) and (close > open) // Simplified for demonstration
shortCondition = (close < vwapValue) and (close < open) // Simplified for demonstration
// Define the stop loss and take profit for long and short positions
longSL = haLow[1]
shortSL = haHigh[1]
riskRewardRatio = 2.0
takeProfitLong = (close - longSL) * riskRewardRatio
takeProfitShort = (shortSL - close) * riskRewardRatio
// Strategy execution
if (longCondition)
strategy.entry("Long", strategy.long)
strategy.exit("Exit Long", "Long", stop=longSL, limit=close + takeProfitLong)
if (shortCondition)
strategy.entry("Short", strategy.short)
strategy.exit("Exit Short", "Short", stop=shortSL, limit=close - takeProfitShort)
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