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Attachments: HeikenAshi 1H Strategy
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HeikenAshi 1H Strategy

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  • Opened Feb 6, 2021 | Never Closes | 95 Votes
  • Poll Results
Will you try this strategy?  
Yes
64 Votes
67%
No
31 Votes
33%
  • Post #1
  • Quote
  • First Post: Edited Feb 11, 2021 10:51am Feb 6, 2021 12:15am | Edited Feb 11, 2021 10:51am
  •  garukno
  • | Joined Nov 2020 | Status: Member | 36 Posts
This 1H strategy will make your trading becomes more relaxing, why?
- Easy to understand (you can look at the indicator a glance, and will know if it time to take trade, no messy line)
- Using 1H timeframe means, you don't have to look at chart every second, you can take a look every hour or couple hours

Now, what's the strategy? how do we enter a trade?
Here's how:
- Open a new clean chart
- Put Heiken Ashi to chart
- Add MA (Period: 14, Simple)
- Add OsMA with default setting (set level to 0)
- Add Momentum (Period: 10, set level to 100)
- Add RSI (Period: 5, set level to 50)
*or you can download the template below
Attached File
File Type: tpl HeikenAshi.tpl   2 KB | 1,258 downloads

*change the candle to bar, so you can see where's the actual open and close price is without having open 2 chart

LONG Trade:
- Heiken Ashi is close above MA 14
- OsMA is above 0
- Momentum is above 100
- RSI is above 50

SHORT Trade:
- Heiken Ashi is close below MA 14
- OsMA is below 0
- Momentum is below 100
- RSI is below 50

*Momentum and RSI is optional confirmation, you can take trade even if these 2 indicator didn't go above/below their level, but it will be a risky trade, I personally take trade when one of them is above/below the level

Where to set SL and TP?
- When setting SL I'm usually set it to the nearest swing high/low, and set TP 2 time the SL, so my risk reward ratio is 1:2
- Close your trade if OsMA going to different direction (eg. you take LONG trade, OsMA is above 0, after couple hours OsMA is going below 0 that's your signal to close a trade)
- Of course you can set SL and TP by your own style

Here's how i usually take trade:
- Need 3 confirmation signal from the indicator
- If all indicator is confirmed then i take 2 trade order at closing candle
- Set my SL to nearest swing, and I'm using 2 TP level, 1st is 1:1 from SL and 2nd is 1:2 from SL (eg. I take trade at 1.2000, my SL is 1.1000, my 1st TP is 1.3000, 2nd TP is 1.4000)
- If my 1st TP is hit, then I will move SL to BE
Attached Image (click to enlarge)
Click to Enlarge

Name: c66442ac904c1794e408105480e9c12d.png
Size: 329 KB


My first week trying this strategy, it's a live cent account, i will change to standart account after a month testing
Attached Image (click to enlarge)
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Name: 0f6538c892c85420b3d812b85cdb7499.png
Size: 118 KB


Please try it, and share your trading here
  • Post #2
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  • Feb 6, 2021 1:16am Feb 6, 2021 1:16am
  •  kd1
  • | Joined Apr 2020 | Status: Member | 243 Posts
I m In......Thanks for a New trading approach Garukno....I m going to test on my live account too let see where the equity graph heading ...

#Peace
Regret is Brutal
 
3
  • Post #3
  • Quote
  • Feb 6, 2021 11:51am Feb 6, 2021 11:51am
  •  scsstnt
  • Joined Aug 2018 | Status: Member | 1,395 Posts
Hello Garukno,

long live your brilliant trading system/thread,thank you very much,I added my candlestick price action patterns,it's all that needed.
Very good strategy,I like it very much.I'm a full time trader and happy to extract value from the market.I hope not to become 1% on FF,i like a low profile life lol
But anyone wants to destroy any broker,its not that hard :-) Keep up your great contribution G - Salaams from a muslim bro


Attached Image (click to enlarge)
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Name: Volatility 75 IndexM5.png
Size: 57 KB
 
1
  • Post #4
  • Quote
  • Feb 6, 2021 3:56pm Feb 6, 2021 3:56pm
  •  rockypoint
  • Joined Aug 2014 | Status: Member | 2,608 Posts
Congratulations looks like an interesting system. I don't like trading 1 hour charts prefer 5 min., so I tweaked the system to suit my needs and will give it a try, will let you know how it goes if you wish. All the best.
 
2
  • Post #5
  • Quote
  • Feb 7, 2021 1:45am Feb 7, 2021 1:45am
  •  melco7
  • | Membership Revoked | Joined Jan 2010 | 57 Posts
Rocky - please share ur M5 system.

Thx!
 
 
  • Post #6
  • Quote
  • Feb 7, 2021 5:38am Feb 7, 2021 5:38am
  •  BataviaTrade
  • | Joined Jul 2011 | Status: Member | 669 Posts
Quoting rockypoint
Disliked
Congratulations looks like an interesting system. I don't like trading 1 hour charts prefer 5 min., so I tweaked the system to suit my needs and will give it a try, will let you know how it goes if you wish. All the best.
Ignored
Hi Rocky, are you still trading with range bars ichimoku cloud & awesome oscillator ?

Best regards
BT
 
 
  • Post #7
  • Quote
  • Feb 7, 2021 6:13am Feb 7, 2021 6:13am
  •  Forestralia
  • | Joined Jul 2018 | Status: Member | 43 Posts
Quoting garukno
Disliked
This 1H strategy will make your trading becomes more relaxing, why? - Easy to understand (you can look at the indicator a glance, and will know if it time to take trade, no messy line) - Using 1H timeframe means, you don't have to look at chart every second, you can take a look every hour or couple hours) Now, what's the strategy? how do we enter a trade? Here's how: - Open a new clean chart - Put Heiken Ashi to chart - Add MA (Period: 14, Simple) - Add OsMA with default setting (set level to 0) - Add Momentum (Period: 10, set level to 100) - Add...
Ignored
All is explained but Heiken Ashi, why Heiken Ashi, we can use candles or bars? I understand if you say when Heiken Ashi change colour but here is only closing price?

Thanks
 
 
  • Post #8
  • Quote
  • Feb 7, 2021 7:34am Feb 7, 2021 7:34am
  •  scsstnt
  • Joined Aug 2018 | Status: Member | 1,395 Posts
Trading synthetic indices,you can't sleep.The art of destruction continues,can't wait until forex opens later today,waking up 4am its like a job :-)
Notice what occured at the levels in hot pink last screenshot.....Thanks Garukno this system is awesome,I just added a touch of magic.
Attached Image (click to enlarge)
Click to Enlarge

Name: Volatility 75 IndexM5.png
Size: 53 KB
 
 
  • Post #9
  • Quote
  • Feb 7, 2021 10:59am Feb 7, 2021 10:59am
  •  rockypoint
  • Joined Aug 2014 | Status: Member | 2,608 Posts
Hi BT, No switched strategies after retiring from full time trading to spend more time with my travelling. Then the whole covid mess hit and stuck at home started trading again, but found range bars too fast for me now. So put together a 5 min. system and started a new thread.
 
 
  • Post #10
  • Quote
  • Feb 7, 2021 11:02am Feb 7, 2021 11:02am
  •  rockypoint
  • Joined Aug 2014 | Status: Member | 2,608 Posts
As far as posting 5min. system based on Garukno's work, I won't post it here unless he's ok with it, no wish to step on his toes.
 
 
  • Post #11
  • Quote
  • Feb 7, 2021 1:35pm Feb 7, 2021 1:35pm
  •  scsstnt
  • Joined Aug 2018 | Status: Member | 1,395 Posts
Quoting rockypoint
Disliked
As far as posting 5min. system based on Garukno's work, I won't post it here unless he's ok with it, no wish to step on his toes.
Ignored
He's a big man and if he choose too i guess he just might do that and reply,however,i have not changed any indicators as his rule neither introduced changes to the system,the man shows success using H1 and that good.We all know using indicators in isolation based on levels/structure, which might create unnecessary DD.What do you say mr 1% :-)?
 
 
  • Post #12
  • Quote
  • Feb 7, 2021 3:27pm Feb 7, 2021 3:27pm
  •  rockypoint
  • Joined Aug 2014 | Status: Member | 2,608 Posts
Ok here you go. 14 EMA, Up/Down arrows are Macd cross overs setting 12-26-9. Momentum set at 10, Rsi set at 5
I did this so I'll still get a better visual sense of price action. No major changes just gives me a little better visual of pa. Would also contemplate with changing macd setting to 8-17-9 and Rsi to 10. Will see.
Attached Images (click to enlarge)
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Name: 14EMA2.png
Size: 91 KB Click to Enlarge

Name: 14EMA.png
Size: 86 KB
 
 
  • Post #13
  • Quote
  • Feb 7, 2021 11:11pm Feb 7, 2021 11:11pm
  •  garukno
  • | Joined Nov 2020 | Status: Member | 36 Posts
Quoting kd1
Disliked
I m In......Thanks for a New trading approach Garukno....I m going to test on my live account too let see where the equity graph heading ... #Peace
Ignored
Quoting scsstnt
Disliked
Hello Garukno, long live your brilliant trading system/thread,thank you very much,I added my candlestick price action patterns,it's all that needed. Very good strategy,I like it very much.I'm a full time trader and happy to extract value from the market.I hope not to become 1% on FF,i like a low profile life lol But anyone wants to destroy any broker,its not that hard :-) Keep up your great contribution G - Salaams from a muslim bro {image}
Ignored
thanks for trying this strategy, I hope you make a lot of profit

Quoting rockypoint
Disliked
As far as posting 5min. system based on Garukno's work, I won't post it here unless he's ok with it, no wish to step on his toes.
Ignored
I don't mind, it might give me an idea to improve this strategy
We all learning here

Quoting Forestralia
Disliked
{quote} All is explained but Heiken Ashi, why Heiken Ashi, we can use candles or bars? I understand if you say when Heiken Ashi change colour but here is only closing price? Thanks
Ignored
I use Heiken Ashi to make the chart more clean and easy to look
and I find it more easy to make horizontal/trendline S/R on Heiken Ashi

====

The chart right now
Attached Image (click to enlarge)
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Name: EURUSDH1.png
Size: 73 KB
 
3
  • Post #14
  • Quote
  • Feb 7, 2021 11:22pm Feb 7, 2021 11:22pm
  •  kd1
  • | Joined Apr 2020 | Status: Member | 243 Posts
A New Sell Oppourtunity in EURGBP

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Name: 38738d814c4d7376f4969e52790de229.png
Size: 23 KB
Regret is Brutal
 
1
  • Post #15
  • Quote
  • Feb 8, 2021 9:38am Feb 8, 2021 9:38am
  •  garukno
  • | Joined Nov 2020 | Status: Member | 36 Posts
Attached Image (click to enlarge)
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Name: EURUSDH1.png
Size: 74 KB
SL hit -44p
looking for long trade
 
1
  • Post #16
  • Quote
  • Feb 8, 2021 8:39pm Feb 8, 2021 8:39pm
  •  scsstnt
  • Joined Aug 2018 | Status: Member | 1,395 Posts
The name says it all..... I have to thank E.M for that 1.5 Billion injection :-) Few positions closed,what lies ahead maybe billions of pips,lets wait and see
Keep up your great work Garukno,thanks very much

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Name: btcusd-m5-international-capital-markets-3.png
Size: 32 KB
 
1
  • Post #17
  • Quote
  • Feb 9, 2021 4:32am Feb 9, 2021 4:32am
  •  garukno
  • | Joined Nov 2020 | Status: Member | 36 Posts
+26p
Attached Image (click to enlarge)
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Name: EURUSDH1.png
Size: 66 KB
This is what happens if you let fear make decision
I fear price will go down, so I close trade, even thought there's was no signal to close trade
It should have reached my 1st TP
 
2
  • Post #18
  • Quote
  • Feb 9, 2021 11:13am Feb 9, 2021 11:13am
  •  NateBeruk
  • | Joined Oct 2020 | Status: Member | 30 Posts
hi garukno thank you for sharing, i have backtested it on 4HR chart eurusd and made a lot of money. I use 1.5 ATR as a stop loss and take profit, and one runner with the same sl but no tp , where i let it run indefinitely
 
1
  • Post #19
  • Quote
  • Feb 9, 2021 2:09pm Feb 9, 2021 2:09pm
  •  dr.butze
  • | Joined Jun 2020 | Status: Member | 156 Posts
Quoting NateBeruk
Disliked
hi garukno thank you for sharing, i have backtested it on 4HR chart eurusd and made a lot of money. I use 1.5 ATR as a stop loss and take profit, and one runner with the same sl but no tp , where i let it run indefinitely
Ignored
Thanks for sharing the strategy @garukno


What pair did you @nateberuk use for your backtest?
 
 
  • Post #20
  • Quote
  • Feb 9, 2021 3:32pm Feb 9, 2021 3:32pm
  •  NateBeruk
  • | Joined Oct 2020 | Status: Member | 30 Posts
Quoting dr.butze
Disliked
{quote} Thanks for sharing the strategy @garukno What pair did you @nateberuk use for your backtest?
Ignored
eurusd, it will work on any pair, use these atr indicators and set the tp multiplier and sl multiplier to 1.5. I'm not saying using atr as stop loss is better, its just easier to backtest
Attached File
File Type: ex4 No_Nonsense_ATR.ex4   227 KB | 395 downloads
Attached File
File Type: mq4 pos_size.mq4   8 KB | 297 downloads
 
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