I'm trading the following concept for 3 weeks now and it seems to be very profitable! The rules and tools are very simple - Heiken Ashi and Heiken Ashi Smoothed Candles.
Long Entry:
When the last HA/HAS candle was blue/white
Short Entry:
When the last HA/HAS candle was red/brown
Exit:
Exit the trade after the first HA candle closed in a different colour.
There is a need to automate this system because every possible entry could be the "move of the day" and it's not so easy to monitor renko bars all day long.. I've never tried this concept on timeframes because -for me- renko is the way to go.
Of course, there will be more losers than winners but the positive trades should be 2 or 3 times higher than the negative trades (at least in my testing during the last 3 weeks). The HAS Indi helps to survive choppy conditions, that's pretty cool..
During my research I've found that someone at FF was working on the same concept in 2011. The only difference is that he was using (probably) better HAS settings). This guy created such an EA. He shared his backtest results (1 Month: 10.000 -> 18.000; 1 year: 10.000 -> 5.300.000) and the results of 2 days forward testing: 1st day: 40 pips, 2nd day: 67 pips). He didn't share the robot
Attached you can find the Indis I'm using..
Would be great, if one of the EA gurus here could code the robot.
Many Thanks,
Mathias
