Heiken Ashi trading system is a trend following strategy. The purpose of this strategy is find the trend with Heiken Ashi candle exponential moving averages and MACD.
Time Frame 30 min or higher.
Currency pairs: EUR/USD, GBP/USD, USD/JPY, GBP/JPY, USD/CAD, AUD/USD, NZD/USD, AUD/JPY, USD/CHF.
Forex Indicators
Heiken Ashi ( optional Heiken Ashi Smoothed)
Exponential Moving Average 5 period, close, shift 1.
Exponential Moving Average 15 period, close, shift 1.
MACD 12, 26, 9.
Trading rules Heiken Ashi Trading System
Buy
Heiken Ashi above EMA 5 and EMA 15.
EMA 5 > EMA15.
MACD Histogram above zero line.
Exit when Heiken Ashi red candle close below EMA 15.
Place initial stop loss below the previous swing low.
Sell
Heiken Ashi below EMA 5 and EMA 15.
EMA 5 < EMA15.
MACD Histogram below zero line.
Exit when Heiken Ashi white candle close above EMA 15.
Place initial stop loss below the previous swing high.
In the charts below trading examples.
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