Heikin ashi trend following FOREX strategy

Heikin ashi is one of the less used methods of price visualization. Int his forex strategy HA is employed to identify end of a correction within the trend and to determine our take profit and stop loss levels.

 

Used forex indicators

Heikin Ashi (default settings)

Alligator (default settings)

We trade in 15 min timeframe using any of the major currency pairs

 

Forex strategy rules

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

BUY:

 

  • Alligator lines are separated and untangled. Lined from the top to bottom: green, red, blue. This will identify uptrend.

  • After minimum of two bearish Heikin Ashi candles, we enter the trade long on first bullish Heikin Ashi candle close.

  • We place stop loss one pip below the low reached in our current swing down.

  • Take profit: After a series of white (bullish) HA candles, first red (bearish) HA candle closes.

 

SELL:

 

  • Alligator lines are separated and untangled. Lined from the top to bottom: blue, red, green. This will identify downtrend.

  • After minimum of two bullish Heikin Ashi candles, we enter the trade long on first bearish Heikin Ashi candle close.

  • We place stop loss one pip above the high reached in our current upswing.

  • Take profit: After a series of red (bearish) HA candles, first white (bullish) HA candle closes.

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ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com