Heiken Ashi trading strategy

• 03/30/2016 at 11:29 AM #4614
  Nicolas

  Coded by request for Bob after his comment on this screener in the Library : http://www.prorealcode.com/prorealtime-market-screeners/bullish-and-bearish-heiken-ashi-screener/

  A simple automatic trading strategy with Heiken Ashi candles tests : GO LONG if a new green candle is detected after a previous red one and vice-versa. Please find code attached to this post topic.

  

  

  Nicolas

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  03/30/2016 at 12:15 PM #4618
  bobtrader

  Thanks Nicolas, I’ll start testing this now and let you know how it performs.

  Would you expect this to perform best on longer or shorter timeframes (I was thinking of using it on 5 min setting during regular trading hours of Dow 30)?

  Thanks again,

  Bob

  

  bobtrader

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  03/30/2016 at 12:47 PM #4624
  Nicolas

  Of course it will be more effective on higher timeframe with good market moves. Heiken Ashi candles can also be “smoothed” with moving average values instead of OHLC candlestick values, that way you can be more longer in trade, let the profit run and can also filter the market noises.

  By the way, this is a simple strategy, I think you’ll find a lot of ways to improve it.

  

  Nicolas

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  01/08/2018 at 3:36 PM #57751
  Shitforbrains

  Hi Nicolas,

  Beginners question here. Is it possible to add a 10 pip take profit to this code? So that if any open trade reaches 10 pips profit, the trade automatically closes.

  Thanks!

  

  Shitforbrains

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  01/08/2018 at 3:47 PM #57760
  Nicolas

  Yes it’s possible, just add this line at the end of the code:

  set target pprofit 10

  1	set target pprofit 10

   

  

  Nicolas

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  01/08/2018 at 4:10 PM #57761
  Shitforbrains

  Thanks a lot!

  

  Shitforbrains

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  01/10/2018 at 10:17 AM #58804
  Shitforbrains

  Another question if you have the time. I’ve been looking for a code to determine the trading hours, for example: I only want the system to run between 08.45 – 10.00 (CET). Do you know what the code would look like for that?

  Thanks!

  

  Shitforbrains

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  01/10/2018 at 1:37 PM #58842
  GraHal

  https://www.prorealcode.com/documentation/flatbefore/

   

  

  GraHal

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  01/10/2018 at 3:11 PM #58859
  Shitforbrains

  Ah, thanks GraHal!

  

  Shitforbrains

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