Forex Heiken Ashi Smoothed Trend Trading System is an trend following trading system based on the Heiken Ashi Smoothed, MTF 4TF Has indicator and Double CCI indicator.
The Heikin-Ashi Smoothed technique is used by technical traders to identify a given trend more easily. Hollow candles with no lower shadows are used to signal a strong uptrend, while filled candles with no higher shadow are used to identify a strong downtrend.
This technique should be used in combination with standard candlestick charts or other indicators to provide a technical trader the information needed to make a profitable trade.
You can get 70%+ Success rate when you do 1/1.5 Risk/Reward ratio. Therefore I do 20pip TP with 15 SL. To lock at-least 50% of the profit I also do Trialing stop when i hit 5pip profit.
- Only take trades when Heken Ashi Smoothed , Double CCI, Daily HAS and Gann Signal trend are agree (green color).
- HAS BAR green color
- Juice Bars above 50 line
- Price in buy zone
- Only take trades when Heken Ashi Smoothed , Double CCI, Daily HAS and Gann Signal trend are agree (red color).
- HAS BAR red color
- Juice Bars above 50 line
- Price in sell zone
2nd Alternative Exit Strategy
Initial Stop loss on the previous swing after 20 pips in gain move stop loss at the entry point. Profit Target predetermined ( recommended option).
Remember that forex trading is more than just getting good entries; your exits should be just as important. You should always have a game plan before you open any position and I hope this exit strategy will help you develop a winning system or help improve upon an existing system.