Heiken Ashi confusion price to open orders

Forums › ProRealTime English forum › ProOrder support › Heiken Ashi confusion price to open orders

Viewing 7 posts - 1 through 7 (of 7 total)
  • 12/24/2020 at 4:15 PM #155148
    verygrubby

    Hello all. I’m trying to work out a strategy using Heiken Ashi candlesticks. In the strategy I’m using the usual code to generate the open and close of the bars  (eg Heiken Ashi close =  (Open+High+Low+Close)/4. Heiken Ashi open = (xOpen[1] + xClose[1])/2.

    Now, the trades are triggering at the expected bars (ie according to Heiken Ashi), but the trade levels are as per the normal candlestick levels for that bar, NOT the Heiken Ashi levels as expected.

    eg when I run the strategy & check the trades on the chart, the trade levels only match the opening of that bar when I switch the price chart style back to “Candlestick” rather than Heiken Ashi.

    Is this a bug, or am I misunderstanding how things are supposed to work when using Heiken Ashi charts?

    Many thanks

    12/24/2020 at 4:44 PM #155150
    robertogozzi

    Without the code it’s impossible to help.

    If you use a pending order to enter a trade at the high of the current candle you may use HIGH or xHIGH (or haHIGH):

    the first uses regular japanese candlesticks, while the latter uses HA candlestick.

    Post the code so we can help.

     

    12/24/2020 at 5:24 PM #155156
    verygrubby

    So this just buys when the Heiken Ashi candle goes from red to green, on a 15m Dow chart. eg Look at the trade it opened  at 21:45 on 4th November 2020. The long opened at 27,964… but this price is the open of the normal candlestick bar for 21:45… the Heiken Ashi 21:45 candle opened at approx 27,903…  So, the bar at which it opens the trade is fine, but how do I get it to open at the Heiken Ashi level, rather than the normal candlestick bar level?

    Would your suggested solution work if I simply put “Buy 1 contract at Xclose Stop”?

    12/24/2020 at 5:48 PM #155159
    robertogozzi

    Heikin-Ashi is just an indicator, not the real price, that let’s you arrange price in a different way… so when you enter/exit at market, the real price is always used.

    If you want to avoid this you need to use pending orders using HA prices as entry/exit point, such as:

     

    12/24/2020 at 6:02 PM #155160
    verygrubby

    Thanks for your help on Christmas Eve, by the way!

    I tried using:

    …but it makes no difference. Still opens the trades at the normal candlestick levels, not the Heiken Ashi levels…

    12/24/2020 at 6:21 PM #155161
    robertogozzi

    xOpen is a better price to BUY so you should use LIMIT instead of STOP, otherwise it will BUY at market.

     

    12/24/2020 at 6:53 PM #155164
    verygrubby

    Aha… that seems to be getting better results – thanks for your help, & Merry Christmas!

    1 user thanked author for this post.
    avatar robertogozzi
  • Author
    Posts
Viewing 7 posts - 1 through 7 (of 7 total)

Find exclusive trading pro-tools on ProRealCode Marketplace

Similar topics:
close all open orders
exploiting the characteristics of heiken ashi candles
how to use the characteristics of heiken ashi candles.
smoothed heiken ashi lags
2 limit orders at once
anticipate price level at which rsi will be in oversold territory
atr as a percentage of the close price
bid/ask price and volume
big increase in price
bougie heikin ashi inversé

Create your free account now and post your request to benefit from the help of the community
Register or Login