Simple versatile forex strategy with heiken ashi candlestick




Customer reviews
ReLax-Relax
Burns
Velvet
What are the right words ... super, great idea
kat-kris
New posts, IMHO, now very rarely happen :)
kolllka
Virtual sex is fun but real one is 10 times better!
kubik1988
Studies point to a significant association between smoking and erectile dysfunction. Learn more now!
lag
trump
shake78
I strongly advise you to visit a site where there is a lot of information on the topic that interests you.
Myskat
There’s no such eternal potency, this or that day you will face some problems with your erection!
quake
too cute)))
BOZO
Quick response, sign intelligence ;)

Simple versatile forex strategy with heiken ashi candlestickSimple Versatile Forex Strategy With Heiken Ashi Candlestick

Take advantage of the smoothed Heiken Ashi candlestick with this simple versatile trading strategy. It can be used for all trading styles including scalping and day trading.

Indicators: Heiken_Ashi_Smoothed, 144 Period Simple Moving Average

Preferred time frame(s): Any

Trading sessions: Any ( Euro and US Session for scalping)

Preferred Currency pairs: Any

EUR/USD 5 Min Chart

The 5 minute chart shows you a buy and sell trade. Red Heiken Ashi candlestick below the 144 SMA gives sell signal. On the contrary, green Heiken Ashi candlestick above the 144 SMA gives buy signal. Click the chart to enlarge.

Trading Rules

Criteria #1: Heiken Ashi candlestick has to close above the 144 period SMA

Criteria #2: Heiken Ashi candlestick must be green

This is your buy entry.

Stop-loss method:

1) Place stop below the previous swing low.

2) Close the trade when opposite signal (sell) is triggered.

Price Objectives (partial profit taking):

Book 50% profits at 1:1 risk-to-reward. Book 50% profits at 1:3 (use trailing stop).

Criteria #1: Heiken Ashi candlestick has to close below the 144 period SMA

Criteria #2: Heiken Ashi candlestick must be red

This is your sell entry.