The benefit of the “Heiken Ashi Smoothed Trading System” is its visual simplicity. Trading channels appear more tightly formed, and major trends are easier to detect and follow.
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- Use a demo account or a small live account first to practice this trading system
However, it is highly recommended that the use of Heiken Ashi be combined with another indicator to provide confirmation of interpretations.
In this trading system, we use the CCI filter.
- Time Frame: M30 and H1
- Currency Pairs: EURUSD, GBPUSD, USDJPY, and GBPJPY
- Heiken Ashi Smoothed
- CCI
- Download “TraderVersity.Com-HeikenAshiSystem[H1TF]” (Zip/RAR File).
- Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
- Copy the “TraderVersity.Com-HeikenAshiSystem[H1TF].tpl” file (template) to your Metatrader Directory …/templates /
- Start or restart your Meta Trader Client.
- Select Chart and Time frame where you want to test your Forex system.
- Right-click on your trading chart and hover on “Template”.
- Move right to select “TraderVersity.Com-HeikenAshiSystem[H1TF]” trading system and strategy
- You will see “Double Heiken Ashi Smoothed System” is available on your Chart
- Heiken Ashi Smoothed blue color bars
- CCI line above 50 level
- Heiken Ashi Smoothed blue color bars
- CCI line above 50 level
The main difference between the candlestick and Heikin Ashi charts is that the HA charts average price moves, creating a smoother appearance. Because the HA price bars are averaged, they don’t show the exact open and close prices for a particular time period.