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#Forex expert advisor generator heiken ashi smoothed how to#
#Forex expert advisor generator heiken ashi smoothed install#

RSI_VALUE_UP_DOWN – buy when the RSI is above the critical level, and sell when the RSI is below the critical level.

RSI_VALUE_RANGE means to buy when the RSI is between the overbought and oversold levels of the RSI.

RSI_OVERBOUGHT_OVERSOLD means to buy when the RSI is below the overbought level of the RSI, and to sell when the RSI is above the oversold level of the RSI.

RSIOn – true = include the RSI indicator in the strategy.

textColor – the color of the text of the test results on the graph.

fontSize – font size for the test results on the chart.

BearishColor – bearish arrow color (for sale).

BullishColor – bullish arrow color (for purchase).

ArrowDistance – the distance in pips between the indicator arrows and the bar.

Ichimoku – Chikou, Kumo, Kijun and Tenkan.

Accelerator – above/below zero, Accelerator direction, both options.

OSMA – above/below zero, OSMA direction, both options.

CCI – overbought/oversold levels by CCI, CCI above/below the level.

Bollinger Bands – the range between the upper and lower bands or the middle band.

Volume indicator Volume – above/below the level, volume above /below the moving average on the volume indicator, both options.

MACD – above/below zero, above/below the signal line, or both.

Stochastic – the range of values of the stochastic or critical level.

ADX – ADX level, ADX trend, DI and –DI or all together.

RSI with overbought and oversold levels, the RSI range and finding the RSI above/below the critical value.

Two moving averages, one fast, the other slow.

#Forex expert advisor generator heiken ashi smoothed install#

Select the take profit and stop loss levels, and the indicator will show the results of your strategy with full history testing statistics on all candlesticks of the selected chart.Īll indicators are fully customizable by the user.Īll indicators are available in the standard delivery of MetaTrader 4, so there is no need to install anything additional.

#Forex expert advisor generator heiken ashi smoothed how to#

Select the indicators and specify how to use them – after that, buy (green) and sell (red) signals will be displayed on the chart with arrows according to the strategy you have chosen. It includes 15 of the most popular technical indicators that you can use in various ways. Still, it is worth remembering that before trading on a real account, it is worth checking all the versions and capabilities of Heiken Ashi candles on a demo account.Īlso, do not forget that Heiken Ashi candles are artificial and long shadows that may appear on candles do not mean that the Price has reached these levels.The indicator Χ15 for MetaTrader 4 allows you to quickly, easily and efficiently build and test strategies in real time. The Heiken Ashi indicator can be successfully used in binary options trading. It is also best to exclude gold from trading with the Heiken Ashi. Expirations of 1-3 candles are not allowed for trading on Heiken Ashi, as due to the artificial nature they can bring a loss, although their colour will suggest otherwise.Īlso, do not use Heiken Ashi on exotic instruments, since high volatility, but low liquidity can play a cruel joke on a novice trader. Still, if we are talking about beginners, then the best option would be to use this indicator together with other indicators to get more accurate signals for trading.įor trend trading, you should use longer expirations, such as 10 candles. Traders of any experience can use Heiken Ashi candles.