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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
    3. Advanced Money Management

    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.
  • NewsLight, NewsMedium, NewsHard - enable downloading weak, medium and strong news.
  • 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.

Mitsubishi4arab
411
2017.05.26 15:30 
 

How someone gives 1 star!

at least it is promising

not a scam product

Mohammad Ferdous Bin Shahid
1043
2017.05.12 09:41 
 

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