Print
Pinterest
Gmail
Email App
Log in or register to download unlimited Forex robots!
Heiken320 Forex Robot | EA for MT4 - Tested on LQDFX and FXOpen
Enhance your trading with Heiken320, a powerful Expert Advisor (EA) designed for MT4. This Forex Robot is engineered to optimize your trading experience, offering automated solutions for precision and efficiency. The Heiken320 EA, in the file format 'heiken320_eapk.mq4,' has been rigorously tested on reputable brokers like LQDFX and FXOpen. Elevate your trading strategy with this reliable Forex EA - a smart choice for traders seeking consistent performance in the dynamic Forex market.
heiken320_eapk.mq4 15.89 kb, 37 downloads since 2015-04-22
Join the MT4talk Telegram channel: https://t.me/MT4talkchannel
Join the MT4talk Telegram group: https://t.me/+XcwLRi9oFOJhYjlk
Watch videos from the MT4talk YouTube channel.
https://www.youtube.com/@MT4talkForexForum/videos
Maximize Your Trading Potential with Heiken320 EA!
Heiken 320 EA is a dynamic Expert Advisor focusing on simplicity and effectiveness. It uses the Heiken Ashi Smoothed indicator combined with a modified EMA (Exponential Moving Average) strategy to identify optimal buy and sell signals. This EA is tailored for any chart timeframe and is fine-tuned to close trades when a reverse direction is indicated, rather than relying on a set take profit level. It also incorporates advanced money management techniques, using a linear pyramiding approach for risk exposure compounding, enhancing its adaptability to changing market conditions.
How this EA works
The core of Heiken320 EA lies in its ability to analyze market trends using the Heiken Ashi Smoothed indicator. This indicator is crucial for determining the direction for opening and closing trades. When combined with a 24-period EMA, it gives a robust understanding of the market trend. The EA adjusts its trading behavior based on this combination, ensuring trades are made in the direction of the trend. Additionally, it includes a feature to respect trading hours, allowing users to set specific trading sessions and avoid times when the market might be less predictable.
The EA also checks if the last trade stopped out before initiating a new trade, adding a layer of risk management. This prevents the EA from making impulsive decisions after a losing trade. Furthermore, the EA employs a unique Money Management system, which adjusts the lot size based on the account balance and predefined risk parameters, thereby optimizing the trade size for different market situations.
Setup Guidance:
Install the EA in the MT4 platform.
Make sure the Heiken Ashi Smoothed indicator is available in your MT4 indicators list.
Set up the EMA period according to your preference (default is 24).
Adjust the trading session times to match your trading hours.
Adjustable Parameters:
TakeProfit: Not actively used since the EA closes trades on trend reversal.
TrailingStop: Set your desired trailing stop value.
Stoploss: Modify this to set your risk tolerance.
Lots: Default lot size.
UseMoneyManagement: Toggle between true (use risk-based lot sizing) or false.
MaximumRisk: Set the maximum risk per trade.
UseTradingHours: Activate trading hours filter.
TradeSession1 to TradeSession5: Enable or disable specific trading sessions.
SessionStart and SessionStop: Set start and stop times for each trading session.
useDelay: Enable or disable delay after a stopout.
MinutesToDelay: Set the delay duration in minutes.
Optimal Settings:
Currency Pairs: Major pairs like EUR/USD, GBP/USD.
Time Frame: 15M to 1H for best results.
Minimum Budget: At least $1000 for effective money management.
Trading Hours: Adjust based on market volatility, typically major market hours.
Risk Management: Set MaximumRisk to 1% for conservative trading.
Winning Strategy Parameter Explanation:
MaximumRisk: Limits risk per trade, crucial for long-term sustainability.
TradeSessions: Trading during specific hours can reduce risk and increase profitability.
useDelay: A delay after losing trades prevents emotional and hasty decisions.
EMA and Heiken Ashi: These indicators provide a robust method for determining entry and exit, ensuring trades are entered in the direction of the prevailing trend, maximizing the chances of success.
heiken320_eapk.mq4 15.89 kb, 3 downloads since 2023-11-13
Profit posts by forum members!
Why don't many people post their daily winning results?
MT4talk PRO members can Turn off MT4talk daily winning result post requirements for $49.99 / month. More info...
Latest profit posts from the Trade Executor EA users.
By using the MT4talk website, you automatically agree to the Forum Rules & Terms of Use, as well as the terms below.
Everything you see on the MT4talk website is created by its users, mainly the members of the MT4talk forum.
What is MT4talk?
MT4talk is an online Forex forum with over 5000 Forex robots and over 3000 Forex indicators uploaded by forum members in the last 10 years, available to download from forum posts. The Uploaded file does not come with support.
The website doesn't sell Forex robots and doesn't provide support for the ones you download. MT4talk offers a PRO membership, allowing you to download unlimited files from forum posts. Even though the site usually doesn't provide support for downloaded Forex robots, if you're new to Forex and need help, you can buy the MT4talk dedicated support membership from the MT4talk forum. The MT4talk Dedicated support subscription is only available for purchase for MT4talk PRO members.
The MT4talk Team also provides an Artificial Intelligence Forex robot called "MT4talk Forex AI Signal - Trade Executor EA" to PRO members. However, this Forex robot is only a bonus and is not included in the original PRO membership.
Updates for the Forex robots may be limited or nonexistent, depending on the creator. If you choose to download any Forex robot or setting file from the forum, you acknowledge that you are using it at your own risk. MT4talk PRO membership is a digital product. Therefore, after you complete the PRO membership purchase, there is no refund available!
We are conducting real-life tests on Forex robots to assess their performance. For certain robots, we may use a demo account to conduct tests, and for other Forex robots, we may use a real Forex account. It's essential to recognize that we are not financial advisors and cannot provide investment guidance. Our objective is to discover effective market analysis solutions through testing various strategies, which could be beneficial to our community.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS, IN GENERAL, ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
Disclaimer - No representation is being made that any Forex account will or is likely to achieve profits or losses similar to those shown on backtests in this forum. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. Hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. All information on this forum is for educational purposes only and is not intended to provide financial advice. Any statements posted by forum members or the MT4talk EA Tester Team about profits or income expressed or implied, do not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the MT4talk team and forum members of this information harmless in any and all ways.
Affiliates Disclaimer - The website may have links to partner websites, and if you sign up and trade through these links, we will receive a commission. Our affiliate partners are FXOpen, FBS, LQDFX, and MyForexVPS.
Copyright MT4talk.com Forum Rules - Privacy Policy.