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Heiken Ashi Strategy

ForexSRB | Published tue 13 Jun 2017 - 19:07

Heiken Ashi + ADX + Stochastiс trading strategyRecommended timeframes M5

Trading pairs: the strategy fits all instruments.

Timeframes: M5.

Indicators:

When to enter a long position.

The price of the instrument is above Heiken Ashi moving average while two Bullish candles in a row have formed on the chart. At the same time, ADX indicator is at the inside level above 22 points and shows an upward trend, and Stochastic is moving up.

When to enter a short position.

The price of the instrument is below Heiken Ashi moving average while two Bearish candles in a row have formed on the chart. At the same time, ADX indicator is below 22 points and shows a downward trend, and Stochastic is moving down.

When to exit.

Take Profit: 10-15 points. Stop-loss: 5-10 points. Close long positions after a 15 points rise in the price. Close short positions after a 15 points fall in the price. 

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