Forex HA Pull Back Trend Following Strategy
Forex HA Pull Back Trend Following Strategy;
Heiken Ashi Pull Back Strategy is a pure trend following strategy based heiken aschi smoothed candles and for entry on the pull back method. The main feuture of this trading system is that this trading system for trades uses only heiken ashi. The tool for choice the best currency for trading is the currency meter.
Heiken Ashi Pull Back Strategy is suitable for day trading but also for swing trading.
Time Frame 5 min or higher.
Currency pairs: GBP/USD, GBP/CAD, GBP/NZD, AUD/USD, EUR/JPY, GBP/JPY, USD/CAD, EYR/USD, USD/JPY, EUR/AUD, EUR/NZD, EUR/CAD.
Metatrade 4 Indicators
Heiken Ashi Smoothed alerts MA 1 Period 2, MA 2 period 6.
Heiken Ashi exit ma 40 period.
MA2 signal MA 1 5 period, MA 2 7 period (optional)
Trading rules Heiken Ashi Pull Back Strategy
With currency meter choice the pairs for trading with high value of CM > 5.5.
Filter (optional) if the main trend is up trades only long on the pull back, if the main trend is down trades only short on the pull back.
Trades only in the direction on the trend when there is a pull back.
Heiken Ashi exit green candles.
Heiken Ashi Smoothed alerts blue candles above Heiken Ashi exit.
For entry wait Heiken Ashi Smoothed alerts red clor turns blue.
Place initial stop loss on previous swing low.
Make profit with predetermined profit target or when Heiken Ashi exit turns red.
Heiken Ashi exit red candles.
Heiken Ashi Smoothed alerts red candles below Heiken Ashi exit.
For entry wait Heiken Ashi Smoothed alerts blue clor turns red.
Place initial stop loss on previous swing high.
Make profit with predetermined profit target or when Heiken Ashi exit turns blue.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex HA Pull Back Trend Following Strategy?
- Download Forex HA Pull Back Trend Following Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex HA Pull Back Trend Following Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.