If you're looking to elevate your trading game, the Heiken Ashi Smoothed indicator is a fantastic tool to consider. This trading system generates signals based on the color changes of the indicator’s candlesticks—when they flip from blue to red or vice versa, it’s time to make a move.
To get started, you'll need the compiled indicator file, Heiken_Ashi_Smoothed.ex5. Make sure to save it in your <terminal_data_folder>\MQL5\Indicators directory.
One important thing to note is that the TradeAlgorithms.mqh library file enables you to use Expert Advisors with brokers that have a nonzero spread. Plus, it allows you to set Stop Loss and Take Profit right when you open a position. You can explore more options for this library through this link: Trade Algorithms.
For the testing showcased below, we used the default input parameters of the Expert Advisor. Notably, no Stop Loss or Take Profit was employed during these tests.
Fig. 1. Examples of trades on the chart
Here are the testing results for 2015 on the EURJPY H4 pair:
Fig. 2. Chart of testing results
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