The Heiken Trader trend trading strategy is based on three indicators: Trend arrows, Fx trend and Trend Lord, whose signals are filtered by the Heiken Ashi trend indicator.
Input parameters
- Currency pairs: EUR / USD, GBP / USD, USD / JPY, AUD / USD, EUR / JPY, GBP / JPY, NZD / USD, AUD / JPY
- Timeframe: H1 and older
- Bidding Time: London, New York
- Risk management: after calculating the stop loss, choose a lot size so that the risk is no more than 2-5% of the deposit per transaction
Indicators Used
- Heiken Ashi smoothed (2, 6, 3, 2)
- Trend Arrows (15, 1)
- FX Trend (7.50.6)
- Trend Lord (default settings)
- Price Chart Setup
- Unpack the archive
- Copy the template to the templates folder
- Copy indicators to the MQL4 folder -> indicators
- Restart the terminal
- Open the chart of the desired currency pair
- Install the template named Heiken Trader
The graph should look like this:
Signals indicating the opening of a long position
arrows of the Trend Arrows indicator are green;
Heiken Ashi indicator bars of blue color;
a blue bar is formed on the Trend Lord indicator;
a blue bar is formed on the FX trend indicator.
Signals indicating the opening of a short transaction
arrows of the Trend Arrows indicator are red;
Heiken Ashi indicator bars of red color;
a red bar is formed on the Trend Lord indicator;
a red bar is formed on the FX trend indicator.
Please note that the Heiken Trader trading strategy is trending and generates accurate signals only if there is a stable price trend, when the price enters the flat, the strategy signals will be false.