The RobotFX Heiken Ashi expert advisor is an all-in-one trading solution for traders trading with the trend, so we can safely say that the Heiken Ashi expert advisor is a trend trader. In the trading chart above, the Heiken Ashi is in uptrend on H1 and H4, meaning that the Heiken Ashi color is green up on both of these timeframes.
XM Forex Awards and Accolades
Open an account Learn more. Terms and conditions apply. Find out which markets will be most impacted Read analysis of recent events Get the latest on what to expect in the future. Professional trading platforms Our suite of powerful trading platforms was designed to meet the demanding needs of currency traders. Take your skills to the next level No matter where you're starting from, we've got what you need to power your potential. What type of trader are you? Discover your trading personality and we'll create a customized course to boost your forex trading skills.
When faced with a new task, I prefer to Think about it first Ask for help Dig in and see what happens. Powerful trading platforms Trade on a suite of powerful trading platforms designed to meet the demanding needs of active traders looking for maximum performance, flexibility and speed. A partner invested in your success Trade with confidence and benefit from the reliability of a trusted broker with a proven record of stability, security and strength.
Stochastic, with the correct settings, can be customized to match any other MetaTrader indicator - so, if the traders would like to use other signals to enter a trade, they can load on the same chart Stochastic and their preferred indicator and match their signals. Then use the same Stochastic settings within to trade using the grid EA. Below are some examples of trades opened and closed by the grid EA based on stoploss, take profit, trailing stop or the MinProfit see the Settings. But of course, stop-loss and take-profit are available, as well as break-even and trailing stop.
The number of grid trades can be restricted by the trader, as well as the number of hedging trades if hedging is enabled. The distance between the trades and the distance hedging would start can also be changed by the trader. The RobotFX Heiken Ashi expert advisor is an all-in-one trading solution for traders trading with the trend, so we can safely say that the Heiken Ashi expert advisor is a trend trader. The trend itself is decided by the Heiken Ashi color on the higher or current timeframes.
It should be noted however that the trend detector can also be disabled and that the Heiken Ashi EA can be allowed to trade by simply following the Heiken Ashi signals on the current timeframe. To better understand better how this trend trader with hedging abilities works, please take a look at the picture below.
When one or both trend detectors are used, the uptrend or downtrend is determined by the Heiken Ashi color on their respective timeframes. When any of the Trend A or Trend B are enabled, they are displayed in the lower-left corner of the chart.
Note that if the trader enabled both these trend detectors A and B , the EA will consider entering a trade only if they both coincide and it will ignore trading signals if one trend is up while the other is down.
When the Heiken Ashi candles change their color from down red to up green the EA will open a long trade; opposite happens for short trades. This entry signals can be validated by another safety feature - if the trader wants to use it - that is the swing zone confirmation.
This swing zone is also used by both the Fluid and the NonLagMA expert advisors, and it has the purpose to ensure that the EA will not open buy trade when higher-highs are formed, or sell trades when the price forms a lower-low.
This Heiken Ashi EA can even martingale if the previous trade closed in negative profit. Below are some examples of trades opened and closed with different trailing stop options. Money management is also possible by setting the EA to use a percentage of the equity as lotsize, or by using a fixed lotsize.
Take your time to understand what each of these settings does. This should be used to reject buy signals that might occur on overbought areas or sell signals that happen in oversold areas. This Metatrader expert advisor is similar to the Fluid expert adviser and its main functions are basically the same. The EA can detect the trend and trade accordingly, as well as hedge and recover the losses from a losing trade. Of course, classic stop-loss, break-even and trailing stop are also possible.
The trend can be defined by the color of the trend nonlagma, the price position regarding this nonlagma or both see pic above of these options.
For the EA to consider closing a trade or a basket of trades at the non-lag moving average signal, the profit must be higher or equal to the MinProfit. To trade using the expert advisor as it was designed to do, the trader must first choose an option for the EA to establish the trend.
The second nonlagma indicator is used to enter - and if the trader chooses so, to exit - a trade. Exiting a trade at the nonlagma reverse signal may ensure that the trader has closed the trade at the right moment, just before the trend would reverse. This Metatrader indicator was designed to help trend traders trading with the trend.
The indicator also spots the swings and changes the color of the candles to help the trend trader spot the right entry for his trade. The timeframe left-up shows the color of the current candle for all the time-frames available in Metatrader.
Other trend indicators like MACD, PSAR or moving average can also be used to identify the trend right-upper corner as well as the Stochastic oscillator to confirm the trade entries. The trader can choose any other values depending on the traded pair. Following the trend, the EA sells when the MACD main line drops below the signal line and it buys when the main crosses the signal, up. The stop-loss and the take-profit are set immediately after the trade is opened, making this expert advisor compatible with the ECN brokers.
In the example below, using the default settings settings, the MACD EA opened three trades maximum allowed when the trend was up, the MACD raised above the signal line and the Stochastic was oversold, and managed to close one by trailing stop and the other two at take profit.
The main idea that led to this Trailing Stop EA was that many traders are not so good at managing winning trades. It often happens that traders get too greedy or too scared and so they poorly manage an opened trade. Unfortunately, managing an opened trade is much harder than opening a trade. When this happens, the winning trade is usually closed:. Using the RobotFX Trailing Stop expert advisor for Metatrader, traders can cash in safer without having to continuously monitor their trades.
So the purpose of the Trailing Stop EA is to eliminate those frustrating situations when you close a trade earlier than you should and the price continues to go in your favor, or when you wait for to long and the price reverses, so your winning trade becomes a losing trade. Also, that the expert advisor can trail multiple trades basket of the same kind. The Donchian Channel MTF indicator can display the Donchian channel for any given time-frame which is higher or equal to the current timeframe.
The trader has the option to set the timeframe of the Donchian channel and to choose whether the channel will be drawn based on the highs and lows of the candles or their open and close. Above you can see the Donchian channel that corresponds to the H4 time-frame minutes displayed on the H1 chart. Forex expert advisors or forex EA are automated trading systems robot fx programmed for the Metatrader platform.