AT Heiken Ashi EA MT4

AT Free Heiken Ashi EA MT4. It’s a strategy based on Heiken Ashi indicator – trades are opened after chosen number of HA candles of the same color following HA color change:

Buy trades are opened after Xth bullish candle in a row following bearish candles.

Sell trades are opened after Xth bearish candle in a row following bullish candles.

If there is any opened position, it is closed on the new opposite open signal. Only one opened trade at a time is allowed. There is a possibility to set StopLoss (in pips) for the opening trades.

All parameters for trades and functions are settable in the parameters of the EA (number of candles for signal, lot size and stoploss of trades, magic number (id for the strategy) and allowed slippage. There is a possibility to set StopLoss (in pips) for the opening trades and manage those trades later by Trailing Stop function.

Parameters:
TradeStartBar – number of Heiken Ashi candles (after HA color change) required for the new signal
Lots – lot size of opened trades
Slippage – allowed slippage for opening trades in pips
MagicNo – identification number for trades opened by the instance of the strategy
StopLoss – distance for StopLoss of opened trades in pips. If is set to 0, stopLoss is not activated.

Trailing:
UseTrailingStop (true/false) – activation of TrailingStop function
TrailingStart – profit in pips when trailing is activated for the order and  starts following SL by the current price
TrailingDistance - distance in pips from current price where SL is moved by Trailing stop function
TrailingStep – minimum change of price between current SL and new SL (set by Trailing stop function) required to move SL by Trailing stop function)

Info:
The Heiken Ashi EA is a multicurrency robot, you can use it on any Timeframes from M1 to MN. The best results are with H4-D1.