Ospe Heiken Ashi Pulse
- Experts
- Version: 1.2
- Activations: 10
An Expert Advisor that trades filtered Heiken Ashi candle signals and manages each position with its own stop loss and trailing stop.
OSPE Heiken Ashi Pulse evaluates Heiken Ashi candle direction on a selectable signal timeframe. It can check once per completed candle or at a configurable interval using the most recently completed candle. Buy and sell signals can be enabled separately.
Optional confirmation uses two consecutive Heiken Ashi candles, opposing wick size, an M15 EMA 200 trend, directional M5 ADX, and the current entry price relative to an EMA and ATR on the signal timeframe. Enabled filters must all pass before a trade is sent.
Each position starts with an individual stop loss. After the configured favorable price movement, the EA moves that position's stop at the specified distance and step. Position limits and an optional maximum spread control new entries. No fixed take profit, martingale, basket target, or recovery system is included.
Requirements and use
Requires a MetaTrader 5 hedging account because positions and their stops are managed independently. Attach it to one chart for each desired symbol, enable Algo Trading, and set a distinct Magic Number if running another EA on the same symbol. The EA uses the chart symbol and its configured signal timeframe; its confirmation filters use M15, M5, and the signal timeframe. The initial lot must be valid for the broker's symbol. Point values depend on the symbol's quoted precision.
Defaults
Signal M1; timed check every 10 seconds; up to 2 entries per signal candle; maximum 3 open positions; 0.01 lot. Initial stop 300 points; trailing starts at 100 points, follows by 100 points, and moves in steps of at least 10 points. Maximum spread 0 means disabled. The default signal filters are enabled. Backtest using your broker's tick data, spread, commissions, and symbol specifications before live use.
Limitations
Filter conditions can result in periods without entries. A timed check requires a running terminal and does not guarantee an entry at each interval. Stops can fill at a different price during gaps or fast markets. This product makes no claim of profitability.
OSPE Heiken Ashi Pulse evaluates Heiken Ashi candle direction on a selectable signal timeframe. It can check once per completed candle or at a configurable interval using the most recently completed candle. Buy and sell signals can be enabled separately.
Optional confirmation uses two consecutive Heiken Ashi candles, opposing wick size, an M15 EMA 200 trend, directional M5 ADX, and the current entry price relative to an EMA and ATR on the signal timeframe. Enabled filters must all pass before a trade is sent.
Each position starts with an individual stop loss. After the configured favorable price movement, the EA moves that position's stop at the specified distance and step. Position limits and an optional maximum spread control new entries. No fixed take profit, martingale, basket target, or recovery system is included.
Requirements and use
Requires a MetaTrader 5 hedging account because positions and their stops are managed independently. Attach it to one chart for each desired symbol, enable Algo Trading, and set a distinct Magic Number if running another EA on the same symbol. The EA uses the chart symbol and its configured signal timeframe; its confirmation filters use M15, M5, and the signal timeframe. The initial lot must be valid for the broker's symbol. Point values depend on the symbol's quoted precision.
Defaults
Signal M1; timed check every 10 seconds; up to 2 entries per signal candle; maximum 3 open positions; 0.01 lot. Initial stop 300 points; trailing starts at 100 points, follows by 100 points, and moves in steps of at least 10 points. Maximum spread 0 means disabled. The default signal filters are enabled. Backtest using your broker's tick data, spread, commissions, and symbol specifications before live use.
Limitations
Filter conditions can result in periods without entries. A timed check requires a running terminal and does not guarantee an entry at each interval. Stops can fill at a different price during gaps or fast markets. This product makes no claim of profitability.
