Heikin Ashi Trading System

Post your new strategies, discoveries or just ideas for development

Heikin Ashi Trading System

Postby bjn201 » Tue May 10, 2011 3:43 pm

Hello people I was wondering if I could get your opinion on a system Idea I have.

Time frame: 1m/5m
Rules:

Open a long trade after the first completed heikin Ashi bar of the opposite colour (e.g. For uptrend, when first green/blue HA candle appears)

Sell trade: open after the first completed heikin Ashi bar of the opposite colour (e.g. For downtrend when first red HA candle appears)

With a Stop loss of 10 and TP of 10.

The main part of this strategy is to use limited martingdale, by doubling lot size up to maximum of 4 times (so from O.O1 to O.O2 etc)

For this system to be profitable the winning trades have to be > 50%, and I believe that should be the case, since that what HA candles do! They Find trends, and you would aim to enter in at the start of the trend, and grab a quick 10 pips.

My overall strategy is to get 10 pips/day, so this would limit the use of the martingale since the chances a huge losing streak would be lessened if you stop trading after 1 winner.

Feedback would be appreciated :)
bjn201
 
Posts: 2
Joined: Tue May 10, 2011 2:23 pm

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