FLEX HA

 The Heiken Ashi expert advisors uses the Heiken Ashi indicator to determine the trend and to enter/exit trades opened by the HA EA.

The Heikin-Ashi charts, developed by Munehisa Homma, share some characteristics with standard candlestick charts but differ based on the values used to create each candle. Many traders prefer the Heiken Ashi indicator because of its simplicity and the fact that they can successfully hide the fake signals. Sometimes the normal candles tend to change colors to often.

In this Heiken ashi strategy, instead of using the simple HA indicator, we are using the Heiken Ashi Smoothed. This will allow traders to set it according to their needs and therefore maximizing the profits.

The Heiken Ashi strategy explained

1. When using on or both trend detectors (ie Heiken Ashi with different settings on the same or higher timeframes), the HA candle color must be the downtrend color for the EA to be allowed to open short trades. In the example above we are using only one trend detector and this is reflected by the Heiken Ashi Smoothed bar indicator. It the Trend 1 would have been uptrend, the EA would be allowed to open only long trades.
2. The HA EA will open trades when the chart Heiken Ashi color changes. We have circled three potential entries, not considering the other filters such as time or swing zone, and their exits. The EA has the potential to also close the opened trades when the Heiken Ashi candles color changes back.

Consider the timeframe and the trend when choosing the settings

Download FLEX HA - fully functional version for demo trading accounts.