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# Heiken Ashi Pivot Points Advanced

### How it works:

It is trading only in the trend direction using Heiken Ashi and Pivot Points to detect & manage entries.

In addition to Heiken Ashi as a signal entry, it is working to determine the Pivot Point levels as it is a great tool to show where the Support and Resistant lines then to allow the expert place SL/TP upon the given levels.

It is really a full trading environment

In addition, it draws the Pivot Point Line and its Support/Resistant lines as you know.

See details below:

1. Pivot Point: PP Pivot Point = (Previous High + Previous Low + Previous Close) / 3
2. Resistant 1: R1 Resistance Level 1 = (2 * Pivot Point) - Previous Low
3. Resistant 2: R2 Resistance Level 2 = (Pivot Point - Support Level 1) + Resistance Level 1
4. Resistant 3: R3 Resistance Level 3 = (Pivot Point - Support Level 2) + Resistance Level 2
5. Support 1: S1 Support Level 1 = (2 * Pivot Point) - Previous High
6. Support 2: S2 Support Level 2 = Pivot Point - (Resistance Level 1 - Support Level 1)
7. Support 3: S3 Support Level 3 = Pivot Point - (Resistance Level 2 - Support Level 2)

### Parameters

• Strategy:
1. Strategy 1: Pivot Point Level Break Out (example screenshot attached).
2. Strategy 2: Heiken Ashi Prev. Candle High/Low Break Out (example screenshot attached).
• Magic Number: The Trades' Magic Number.
• Lot Type:
1. Fixed
2. Auto Lot Size

If Lot Type = Fixed

Then Lot Size = The Fixed Lot Size what ever the account balance is.

If Lot Type = Auto:

Then Lot Size will be = Account Balance / calculated amount * calculated lot;

calculated amount is the Amount for Auto Lot

calculated lot is the Auto Lot Size Each Amount you defined to be calculated with the Amount for Auto Lot

Example: You have entered the value of Amount for Auto Lot = 100

& The value of the Auto Lot Size Each Amount Entered as = 0.01

While your current account balance is 900\$

Then any placed trade will open 0.09 lot size, as 900/100*0.01

If your account balance is 300\$ then the lot size would be 0.03

If Lot Type = Advanced Money Management

the lot size will be calculated as below formula:

Advanced Money Management Lot = Account balance * Risk Management(%) / stop loss pip

• Fixed Lot Size (Lot Type: Fixed): when selection is Manual mode, this value of the lot size will be same whatever the account balance.
• Amount (Lot Type: Auto): When you select the Lot Type = Auto, the lot size will be calculated on the entered balance that you entered in the EA inputs.
• Lot Size Each Amount (Lot Type: Auto): Would be calculated with the Amount you defined in the EA inputs for Auto Lot Size.
• Percentage (Lot Type: Advanced Money Management): Account balance * Risk Management(%) / stop loss pip
• SL & TP Type:
1. Classical by Pips
2. Pivot Point Levels
• Stop Loss in Pips (Classic Only)
• Take Profit in Pips (Classic Only)
• Stop Loss (Pivot Points Only)
• Take Profit (Pivot Points Only)
• Max. Slippage: Maximum Slippage in points.
• Lines color: PP lines color.
• Lines style: PP lines style.
• Lines width: PP lines width.
• Pivot Point Lines Time Frame
• Enable Trailing Stop: True: will enable the Trailing Stop. False: will disable the trailing stop.
• Trailing Start: The value in points, where the orders modification of Stop Loss should happen.
• Trailing Stop: The update of Stop Loss in points. It will be updated when the value of Trailing Start has reached.
• Trailing Step: The Trailing Step is used in conjunction with the Trailing Stop.
• Close All in News: Enabling this option could stop trading (and close all opened trades) in the minutes of news.
• BeforeNewsStop - time in minutes before the news for the EA to pause operation, for example, 5 minutes before the news release. The EA switches to "News time" mode.
• AfterNewsStop - time in minutes after the news for the EA to pause operation, for example, 5 minutes after the news release. The EA deactivates the "News time" mode.
• offset - Time zone (GMT).
• NewsSymb - list of all currencies, for which the news should be downloaded. If empty, currencies of the current symbol are used.
• DrawLines - draw lines on the chart.
• Next - draw only the upcoming news, do not draw the past news.
• Signal - alert about the approaching news at the distance of BeforeNewsStop minutes.

It is working with any broker, any pair, any time frame, any Account Type and any condition.

Filter:
377
2017.05.26 15:30

User didn't leave any comment to the rating

1188
2017.05.12 09:41

Author did not provide Backtest Report for this product even after almost 1 month of request.