Heiken Ashi Moving Average Trading Strategy with MACD EMA Trend Filter

Simple and high accuracy Forex Heiken Ashi Moving Average Trading Strategy with MACD EMA Trend Filter.

The purpose of Heiken Ashi Smoothed Charts is to filter noise and provide a clearer visual representation of the trend.

For new traders the trend is easier to see, and for experienced traders the Heiken Ashi Smoothed Cart help keep them in trending trades and able to spot spot reversals, while still being able to see traditional chart pattern setups.

This is a trend following strategy based on the Smoothed Heiken Ashi MA and MACD indicator

Time Frame : 15min or above.
Currency Pairs: Eur Usd , Gbp Jpy ,Gbp Chf Eur/Jpy , Aud/Usd and Gbp/Usd.

 

• Heiken Ashi Smoothed MA (HAMA2) indicator
• Moving Average in Color
• MACD with EMA (Exponential Moving Average)

 

• Download “ForexWOT.Com-HeikenAshiMACD” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-HeikenAshiMACD.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-HeikenAshiMACD” trading  system and strategy
• You will see “Forex Heiken Ashi Moving Average Trading System” is available on your Chart

 

• HAMA 2: Price above HAMA2 and HAMA2 is green;
• Moving Average in Color: Aqua
• MACD with EMA: white line > yellow line

 

• HAMA 2: Price below HAMA2 and HAMA2 is red;
• Moving Average in Color: Red
• MACD with EMA: white line < yellow line

 

Trading on Heikin-Ashi Smoothed charts is similar to trading on other charts.

Focus on trading in the direction of the overall trend. Use Heiken Ashi Smoothed price bar characteristics to determine trend strength, when the trend is slowing down and apply other technical analysis concepts (such as trendlines) to isolate major price reversals.

Apply stop loss orders to trades, and use slowdowns in the trend as exit points, or wait for a major reversal if a longer-term trader. Pre-determined profit targets can also be used.
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