Heikin-Ashi Simple Trading Strategy
Sir I would just like to ask if how does it differ from a normal candlestick chart? Does it have a kind of advantage?
sisimimi7854:
Sir I would just like to ask if how does it differ from a normal candlestick chart? Does it have a kind of advantage?
Sir I would just like to ask if how does it differ from a normal candlestick chart? Does it have a kind of advantage?
HA smooths out price and gives an indication of trend.
This strategy is still working for me by-the-way
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I like simple systems... found one that works with heikin-ashi, trend following as it closes cross the 50sma with aggressive stop tightening.
Basically you're waiting for a clean break of the 50sma, entering on the close of the candlestick that crosses the line, then setting your stop at the other end of said candlestick. Trail your stop to the far side of the previous candlestick as it moves in your favour, so this aggressively tightens your risk with each period passing.
There's a few examples and rules that can be found here (as well as more info on Heikin-Ashi in general):
Heikin-Ashi Trading: Heikin-Ashi Basic Trading Strategy
Maybe I'll post an EA that automates it, seems easy enough to implement.
looks like: