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Profitable Heiken Ashi EA
Here is an interesting and profitable EA
I expect you win a lot of green pips with it
Happy trades !
Heiken Ashi EA is a powerful tool for traders who prefer trend-following strategies. It simplifies the process of identifying and capitalizing on trends in the market. By adjusting the parameters to match your risk tolerance and trading style, you can harness the potential of this EA to enhance your trading experience.
Download and Setup:
https://mt4talk.com/viewtopic.php?pid=50232#p50232
You start by downloading the provided .mq4 file for the Heiken Ashi EA.
Next, open your MetaTrader 4 (MT4) trading platform.
Install the EA:
Navigate to the 'File' menu and select 'Open Data Folder.'
In the folder that appears, find and open the 'MQL4' folder.
Inside 'MQL4,' you'll see an 'Experts' folder. Copy and paste the downloaded .mq4 file into this 'Experts' folder.
Afterward, restart your MetaTrader 4 platform.
Choosing Parameters:
You have the option to adjust several parameters to customize the EA's behavior to your liking. Here are some key parameters you can modify:
TrailingStop: Adjust how closely the stop loss follows the price.
TakeProfit: Set your desired profit level.
StopLoss: Define a stop loss to limit potential losses.
PipStep: Set the step for pip movements.
Lots: Determine your initial trade size.
LotPlus: Increase the lot size for additional trades.
MagicNumber: A unique identifier for your EA.
Setting_Indi: Indicator settings.
MaMetod: Method for calculating moving averages.
MaPeriod: Period for the first moving average.
MaMetod2: Method for calculating the second moving average.
MaPeriod2: Period for the second moving average.
StartHour: Trading start hour.
EndHour: Trading end hour.
ShowInfo: Decide if you want to display trading info on the chart.
Corner: Choose the chart corner to display info.
Trading Strategy Recommendation:
This EA is particularly well-suited for a trend-following trading strategy. It uses Heiken Ashi candlestick patterns to identify trends and potential trend reversals.
When a new trend is detected, the EA enters a trade in the direction of that trend.
It can also trail your stop loss to protect your profits as the trade progresses.
The EA employs Take Profit and Stop Loss levels to manage risk effectively.
Profit posts by forum members!
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