Forex Heiken Trend Arrows Trading Strategy
Forex Heiken Trend Arrows Trading Strategy;
Heiken Trader is an trend following strategy based on the Heiken Aschi Smooted filtered by three trend indicators: Trend arrows, Fx trend and Trend Lord. The pourpose of this strategy is find the best entries in trend with a robust filter system. This strategy is for swing tranding.
Time frame 60 min or higher.
Currency pairs EUR/USD, GBP/USD, USD/JPY, AUD/USD, EUR/JPY, GBP/JPY, NZD/USD, AUD/JPY.
Metatrader 4 Indicators setting
Heiken Aschi smoothed (2, 6, 3, 2).
Trend Arrows (15, 1).
Fx Trend (7, 50,6).
Trend Lord default setting.
Trading rules Heiken Trader
Buy
Trades only in the direction of the trend arrows.
Heiken aschi green bar.
Trend Lord aqua bar.
FX trend acqua bar.
Trend arrow green bar.
Exit position when trend arrows changes direction green to red or with predetermined profit target that depends by time frame and pairs.
Initial stop loss 20-30 pips or more below the entry bar.
Sell
Trades only in the direction of the trend arrows.
Heiken aschi red bar.
Trend Lord red bar.
FX trend red bar.
Trend arrow red bar.
Exit position when Trend arrows changes direction red to green or with predetermined profit target hat depends by time frame and pairs.
Initial stop loss 20-30 pips or more below the entry bar.
In the lateral phases this strategy can generate false signals.
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 Heiken Trend Arrows Trading Strategy?
- Download Forex Heiken Trend Arrows Trading 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 Heiken Trend Arrows Trading 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”.
