About the Heiken Ashi Expert Advisor
The Heiken Ashi EA uses the default Heiken Ashi indicator or the free Heiken Ashi Smoothed indicator to enter a trade.
A buy trade is generated if 1,2 or 3 (according to the entry filter) blue candles follow after a red one. Vice versa for the sell signal.
The pro version does additionally have an exit strategy. It is like the entry filter but the other way round. A buy trade is closed if 1,2 or 3 red candles follow in a row. Vice versa for the sell signal.
Heiken Ashi vs Heiken Ashi Smoothed
While the default Heiken Ashi is not adjustable at all, the Heiken Ashi Smoothed has 4 different input parameters. Unlike the default Heiken Ashi, the Smoothed version is not pre-installed in Metatrader. You first have to put the indicator in the directory MQL4/indicators. The smoothed version is for free and is included in the download files.
Installation
Copy the EA file (Heiken Ashi Smoothed EA Basic.ex4) into the MQL4/experts folder
and the indicator file (Heiken Ashi Smoothed.ex4) into the MQL4/indicators folder.
The Heiken Ashi EA uses the default Heiken Ashi indicator or the free Heiken Ashi Smoothed indicator to enter a trade.
A buy trade is generated if 1,2 or 3 (according to the entry filter) blue candles follow after a red one. Vice versa for the sell signal.
The pro version does additionally have an exit strategy. It is like the entry filter but the other way round. A buy trade is closed if 1,2 or 3 red candles follow in a row. Vice versa for the sell signal.
Heiken Ashi vs Heiken Ashi Smoothed
While the default Heiken Ashi is not adjustable at all, the Heiken Ashi Smoothed has 4 different input parameters. Unlike the default Heiken Ashi, the Smoothed version is not pre-installed in Metatrader. You first have to put the indicator in the directory MQL4/indicators. The smoothed version is for free and is included in the download files.
Installation
Copy the EA file (Heiken Ashi Smoothed EA Basic.ex4) into the MQL4/experts folder
and the indicator file (Heiken Ashi Smoothed.ex4) into the MQL4/indicators folder.
