Heiken Ashi EA MT4
Heiken Ashi EA ΜΤ4 is a fully automated Expert Advisor for trading the Classic or Smoothed Heiken Ashi candles at an entirely new approach. Heiken Ashi EA MT4 opens its first trade after the 1st Heiken Ashi candle of different color has been closed and then opens a new same direction trade on every candle, as long as the color of Heiken Ashi candles remains unchanged. There is an option to use this EA with the traditional way of trading Heiken Ashi candles, by opening a single trade after the first different color candle's close and an opposite trade on every Heiken Ashi color change. A series of unique settings make this EA extremely versatile, for example the option to limit the distance between same direction orders in order to avoid too many similar level trades or the offset setting that forces the EA to wait for a better price on each new candle. At the same time you are able to control your trading account's profit and/or loss at a basket level, for all your open positions combined. This EA does not come with a default profitable strategy, you will have to find your own best settings for trading with it.
- Martingale, Grid, Averaging or other dangerous techniques are not used
- New trade on every new Heiken Ashi candle of the same color
- Option for traditional Heiken Ashi candles trading
- Trading of Classic or Smoothed Heiken Ashi candles
- Limitation of distance between same direction orders
- Hard and Virtual Take Profit and Stop Loss levels
- Basket TP, SL, BE and Trailing SL in % for all open positions combined
- 100% automated Expert Advisor
- MQL5 VPS compatible
How to use Heiken Ashi EA MT4?
You should attach Heiken Ashi EA ΜΤ4 to a chart of your desired currency pair (or pairs) in the MT4 terminal and click the Auto Trading button. If you use MQL5 VPS, you need to synchronize with your MQL5 VPS in order to migrate your trading environment onto the virtual server (right click on the MQL5 VPS in the Navigator window >> Synchronize experts, indicators).
Before you test or use Heiken Ashi EA MT4, place this Heiken Ashi Smoothed indicator in your MT4 >> File >> Open Data Folder >> MQL4 >> Indicators folder and restart your MT4 terminal.
Heiken Ashi EA MT4 Inputs
- Click here for detailed: Heiken Ashi EA MT4 inputs