Hiken Ashi Entry EA

Hiken Ashi Entry EA

Entry conditions

LONG

First bullish HN candle after a bearish HN candle

SHORT

First bearish HN candle after a bullish HN candle

EXIT

TP

Opposite HN candle 

Settings

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STOP

(enter number)

X bars low/high lookback of the entry candle

If a bullish trade and the parameter is set to 2, the EA will look back 2 bars and place a stop below the LOWEST point of the last 2 bars

If a bearish trade and the parameter is set to 5, the EA will look back at the last 5 bars and place a stop at the highest point of the past 5 bars

STOP BUFFER

(enter number)

Stop loss + Buffer = New stop loss

If stop

RISK %

(enter number)

EA will calculate the risk % and position size according to the SL 

Take Profit Ratio

(enter number)

If this parameter is set to 2, the TP will be 2x the size of the SL 

If this parameter is set to 5 the TP will be 5x the size of the SL

Entry direction

(drop down) 

Long only 

Short only 

Both