The Heikin Ashi Trader Expert Advisor (EA) utilizes a strategy centered around the Heikin Ashi indicator to enhance your trading experience. This EA is designed to work seamlessly on 1D time frames for major forex pairs and NASDAQ stocks, incorporating both a Trailing Stop Loss and Take Profit feature.
Getting Started
- Always test it on a demo account first!
- This EA makes trades solely based on the opening price of the candle!
- If you prefer not to increase the lot size after a losing trade, simply set IncreaseFactor=0.
Input Settings Overview
- Use_TP_In_Money: Use Take Profit in monetary terms (values: true/false).
- TP_In_Money: Take Profit in money (values: 10-100).
- Use_TP_In_percent: Use Take Profit in percentage (values: true/false).
- TP_In_Percent: Take Profit in percentage (values: 10-100).
- Enable_Trailing: Activate trailing with monetary adjustments (values: true/false).
- Take Profit In Money: Set in current currency (values: 25-200).
- Stop Loss In Money: Set in current currency (values: 1-20).
- Exit: Close trades if the trend reverses to control drawdown (values: true/false).
- Lots: Lot size (values: 0.01-1).
- Lots size Exponent: (values: 1.01-2).
- IncreaseFactor: Amount to increase lots from total margin after a losing trade (values: 0.001-0.1).
- Stop_Loss: Stop Loss (values: 30-500). / Set value 600 for multiple trades.
- MagicNumber: Unique identifier for trades (values: 1-100000).
- TakeProfit: Take Profit (values: 50-200). / Set value 600 for multiple trades.
- FastMA: Fast Moving Average (values: 1-20).
- SlowMA: Slow Moving Average (values: 50-200).
- Mom_Sell: Momentum Sell trigger (values: 0.1-0.9).
- Mom_Buy: Momentum Buy trigger (values: 0.1-0.9).
- UseEquityStop: Stop trading based on equity (values: true/false).
- TotalEquityRisk: Equity risk (values: 0.01-20).
- Max_Trades: Maximum trades allowed (values: 1-5).
- STOC1, STOC2, STOC3: Stochastic indicators (values: 5-20, 3-10, 3-10 respectively).
- TrailingStop: Set a value from 40 to 100 to activate trailing stop loss; set to "0" to disable.
- Enable Break Even: (values: true/false).
- When move Break Even: (values: 5-30).
- How much pips move Break Even: (values: 5-30).
Pro Tip: It’s a good idea to optimize this EA every few months using the same parameters mentioned above. You can use it as a hedging grid EA or a single trade EA.
Curious about backtesting? Check out this guide: Backtesting Guide.
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