2pip's 15M Heiken Ashi Trading System

[johnny2pips]

This system is by no means complete and shouldn't be traded on live accounts. Not all parameters have been defined, nor have I been testing it vary long.

On with it Watson

Time Frame = 15M Probably would work on any TF.

Indicators used:

1. Heiken Ashi Smoothed

2. Heiken Ashi Exit

3. RSI (8) levels set to 60 and 40

Optional Indicators

1. #SpudFibo - Auto draws fibs from previous days high/low.

2. Bollinger Bands

Rules:

Buy only if

Heiken Ashi Smoothed changes color from red to blue indicating the start of a up trend check RSI.

If RSI is above the 60 level enter trade.

Sell only if

Heiken Ashi Smoothed changes color from blue to red indicating a down trend check RSI.

If RSI is below 40 enter trade.

If the market is vary choppy do not trade.

If you are undecided about entering the trade wait for Heiken Ashi Exit to confirm movement.

Exits:

Subjective, Have not been defined.

Any idea's for a name? Want to try defining exits? Any help is appreciated.

Also is there a forum for trading journal's?

spudfibo.ex4heiken_ashi_exit.ex4heiken_ashi_smoothed_alert.ex4

[amicron]

system like i trade its a kind of heiken ashi but there is more factors

its for scalp and for long universal

[johnny2pips]

Looks interesting, I'd really like to hear how you use this system.

[johnny2pips]

Sneak Peak

Here's a little sneak peak of this strategy's next testing phase.

Didn't have anything to do this weekend so I decided to find a way to filter out bad trades. For every back tested pair this process filtered most "bad" entries over a few weeks time. Some pairs worked better then others for instance NZD, CAD, eur/usd, and gbp/usd, did vary well. However all jpy pairs did have more failed trades then all others tested. This must be due to the tendency of ranged trading. For more details you'll have to wait till Monday .