157# Heiken Ashi Pull Back Strategy

Heiken Ashi Smoothed

Pull back trend following method

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Heiken Ashi Pull Back Strategy is a pure trend following strategy based heiken aschi smoothed candles and for entry on the pull back method. The main feuture of this trading system is that this trading system for trades uses only heiken ashi. The tool for choice the best currency for trading is the currency meter.

Heiken Ashi Pull Back Strategy is suitable for day trading but also for swing trading.

Time Frame 5 min or higher.

Currency pairs: GBP/USD, GBP/CAD, GBP/NZD, AUD/USD, EUR/JPY, GBP/JPY, USD/CAD, EYR/USD, USD/JPY, EUR/AUD, EUR/NZD, EUR/CAD.

Metatrade 4 Indicators

Heiken Ashi Smoothed alerts MA 1 Period 2, MA 2 period 6.

Heiken Ashi exit ma 40 period.

DWM Range

Currency meter.

MA2 signal MA 1 5 period, MA 2 7 period (optional)

 

Trading rules Heiken Ashi Pull Back Strategy

With currency meter choice the pairs for trading with high value of CM > 5.5.

Filter (optional) if the main trend is up trades only long on the pull back, if the main trend is down trades only short on the pull back.

Trades only in the direction on the trend when there is a pull back.

Buy

Heiken Ashi exit green candles.

Heiken Ashi Smoothed alerts blue candles above Heiken Ashi exit.

For entry wait Heiken Ashi Smoothed alerts red clor turns blue.

Place initial stop loss on previous swing low.

Make profit with predetermined profit target or when Heiken Ashi exit turns red.

 

Sell

Heiken Ashi exit red candles.

Heiken Ashi Smoothed alerts red candles below Heiken Ashi exit.

For entry wait Heiken Ashi Smoothed alerts blue clor turns red.

Place initial stop loss on previous swing high.

 

Make profit with predetermined profit target or when Heiken Ashi exit turns blue.

In the pictures Heiken Ashi Pull Back Strategy in action.

Heiken Ashi Pull Back Strategy
Heiken Ashi Pull Back Strategy
Heiken Ashi Pull Back Strategy
Heiken Ashi Pull Back Strategy
Heiken Ashi Pull Back Strategy
Heiken Ashi Pull Back Strategy

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Heiken Ashi Pull Back Strategy
Heiken Ashi Pull Back Strategy
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