One of the advanced Forex strategies that has been gaining traction among traders is the Heiken Ashi strategy. This approach, often used in combination with Forex scalping, introduces a unique way to optimize trading by incorporating tick charts into the mix. The tool, known as a Candle Heiken Ashi, is a powerful instrument that enables traders to identify entry points and detect trend reversals effortlessly.
Employing the Heiken Ashi Strategy in Forex Trading
The Heiken Ashi strategy is not your typical candlestick trading technique. Its uniqueness lies in its approach to market analysis. This strategy uses a specific indicator that displays a Heiken Ashi graph in ticks, making scalping on tick charts easier and more efficient. The recommended number of ticks in a candle for this strategy is typically 5, 13, or 21, though the default setting is usually 5.
Understanding the Parameters of the Heiken Ashi Indicator
The Heiken Ashi indicator comes with several adjustable parameters, each playing a crucial role in the overall efficiency of the strategy. These parameters include the number of ticks in a candle, Trend arrows display, MM50 and MM100 displays, and the Max Candle (CPU).
The Trend arrows display is based on the crossing of EMA8 and EMA20, and it aids in the identification of market trends. MM50 and MM100, on the other hand, are moving averages that represent 50 and 100 periods respectively. Lastly, the Max Candle (CPU) controls the number of candles to manage, with a lower value saving computer resources.
The EA Interface and Chart Events
Another feature of the Heiken Ashi indicator is the EA Interface. This interface sends a chart event (23 or 24) when the EMA8 and MA20 cross. These chart events indicate the start of a bullish trend (Chart event 23) or a bearish trend (Chart event 24). However, before opening a position, the color of the Heiken Ashi candles should be checked after the crossing.
Real-Time Tick Value Recording
Given the enormous volume of data generated in Forex trading, itโs not practical to record all tick values. Therefore, the Heiken Ashi indicators collect tick data in real-time. However, traders should note that the display of this indicator will reset to zero every time it is restarted.
FAQs
Where can I test this product independently?
For independent testing of the Candle Heiken Ashi, visit the forexroboteasy.com website. Here, youโll find comprehensive testing results and can subscribe to updates on the results of testing this product.
Can I share my experience of using this product?
Absolutely! Sharing your experience helps other traders understand the product better. Feel free to share your insights, challenges, and successes with the community.
Remember, this article is an independent product review. It does not endorse or discourage the use of the product in any way. The aim is to provide a clear, unbiased understanding of the Heiken Ashi strategy and its application in Forex scalping with tick charts.
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