Automate Your Trading: Heiken Ashi and SMA Strategy for MetaTrader 4

Mike 2016.03.11 18:17 23 0 0
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Author: Mohammad Soubra

If you’re looking to dive into automated trading, you’re in the right place! This free version of a Trading Robot offers a source code that coders can tweak and make their own.

In this post, I’ll guide you through using the Heiken Ashi indicator alongside the Simple Moving Average (SMA) to navigate the FX market trends. This combo can really help you pinpoint entry and exit points effectively.

All trades in this setup will utilize an ATR(14) shift(1) for the Take Profit, ensuring you're making calculated moves.

Heiken Ashi Trading Example

MetaTrader 4 Setup

Key Recommendations:

  • This robot currently does not include a Stop Loss, Break Even, or Trailing Stop features. Feel free to modify it as needed! I’m here to help if you need guidance.
  • It’s best to use this robot on Demo Accounts or within the Strategy Tester before going live.
  • For Coders Only: This resource is tailored for those who have coding skills and want to enhance their trading strategy.
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