Trending trading strategy Heiken Trader
Trending trading strategy Heiken Trader is based on three indicators: Trend arrows, Fx trend and Trend Lord, whose signals are filtered by a trend indicator Heiken Ashi.
Input parameters
- Currency pairs: EUR/USD, GBP/USD, USD/JPY, AUD/USD, EUR/JPY, GBP/JPY, NZD/USD, AUD/JPY
- Timeframe: H1 and older
- Trading times: London, New York
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- Heiken Ashi smoothed (2, 6, 3, 2)
- Trend Arrows (15, 1)
- Fx Trend (7,50,6)
- Trend Lord (default settings)
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Install a template named Heiken Trader
The schedule should look like this:
Signals indicating the opening of a long position
- The arrows of the Trend Arrows indicator are green;
- Heiken Ashi indicator bars are blue;
- a blue bar is formed on the Trend Lord indicator;
- The FX trend indicator has formed a blue bar.
Signals indicating the opening of a short trade
- The arrows of the Trend Arrows indicator are red;
- Heiken Ashi indicator bars are red;
- on the Trend Lord indicator formed a red bar;
- The FX trend indicator has formed a red bar.
Setting Stop Loss and Take Profit Orders
- stop loss is set at a distance of 20-30 points from the candle, on which the position is opened;
- Take Profit is set according to the trend, depending on the timeframe and currency pair. Alternatively, it is possible to close the deal when the arrow of the Trend arrows indicator appears in the opposite direction.
Please note that the trading strategy Heiken Trader is a trending strategy and generates accurate signals only when there is a stable price trend, when the price is in the Flat strategy signals will be false.
Before using Heiken Trader trend trading strategy on a real deposit, we recommend that you test it on a demo account.
Download Heiken Trader trading strategy template and indicators
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