Trend Trading With Smoothed Heiken Ashi Candlesticks Forex System

The EA was coded base on this Heikin-Ashi filter and EMA & SMA.

Below is the this site’s summary. Please check here first for more details.

Please test and if you find the good set, please share!

Trading Rules

For long positions:

EMA 12 crosses SMA 50 from below
There’s a perceptible gap between the EMA 12 and SMA 50 (bullish trend)
Green Smoothed Heiken Ashi Candlestick appears on the chart

==> Initiate Buy trade.
Stop Loss: Place initial stop 5 pips below the SMA 50 line.
Buy Exit Strategy 1 : Exit the trade on the first RED Smoothed Heiken Ashi Candlestick.
Buy Exit Strategy 2 : Risk/Reward, ideally a minimum of 2:1 (i.e. risking 20 pips to make 40)

For short positions:

EMA 12 crosses SMA 50 from above
There’s a perceptible gap between the EMA 12 and SMA 50 (bearish trend)
Red Smoothed Heiken Ashi Candlestick appears on the chart

==> Initiate Sell trade.
Stop Loss: Place initial stop 5 pips above the SMA 50 line.
Sell Exit Strategy 1 : Exit the trade on the first GREEN Smoothed Heiken Ashi Candlestick.
Sell Exit Strategy 2 : Risk/Reward, ideally a minimum of 2:1 (i.e. risking 70 pips to make 140)

Indicators: Heiken_Ashi_Smoothed,12 period exponential moving average, 50 period simple moving average
Preferred time frame(s): H1, H4, D1, W1
Trading sessions: Any
Preferred Currency pairs: GBP/USD, EUR/USD, NZD/USD, AUD/USD, USD/JPY, USD/CAD