Description

Heikin Ashi Trend Smoother EA

Short Tagline: A trend-following strategy that uses Heikin Ashi candles to filter noise and stay in tr…

Short Description:
Heikin Ashi Trend Smoother EA is a fully automated trend following (noise-filtered). Expert Advisor for MT4 and MT5. A trend-following strategy that uses Heikin Ashi candles to filter noise and stay in trends. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A trend-following strategy that uses Heikin Ashi candles to filter noise and stay in trends. It enters on strong Heikin Ashi trend candles (no opposite wick) and holds until the smoothed candles change character, reducing premature exits from normal volatility.

Features

• Heikin Ashi candles (derived)
• EMA50 on Heikin Ashi close (trend context)
• ATR(14) on real prices for stops
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – Long: consecutive bullish Heikin Ashi candles (green) with no lower wick, HA close above HA-EMA50. Enter after 2 confirming HA candles.

• Short: consecutive bearish HA candles (red) with no upper wick, HA close below HA-EMA50.

Exit logic: – Exit when a Heikin Ashi candle of the opposite color with a full opposite wick appears (trend character change) or on HA-EMA50 cross.

Stop-loss: SL at 1.5 × ATR (real price) beyond the entry HA candle low/high; convert to real-price levels.

Take-profit: No fixed TP by default; ride the HA trend. Optional partial at 2R.

Trailing stop: Trail behind the low of each new bullish HA candle (long) / high of each bearish HA candle (short).

Break-even: Break-even at 1R.

Why it works: Smooths noise; keeps traders in trends longer.; Visually intuitive, easy to market..

Recommended Settings

• Timeframes: H1, H4, D1.
• Instruments: EURUSD, USDJPY, XAUUSD, US30, BTCUSD.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk 1% per trade. Max 3 open trades. Avoid entries when HA candles are small dojis (indecision).

Supported Markets

Forex majors, indices, gold, crypto CFDs.

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: London and New York for intraday timeframes; D1 session-agnostic.
• Spread filter: Reject if spread > 2.5 pips / symbol threshold.
• News filter: Pause entries 15 minutes around high-impact news.
• Volatility filter: Require HA candle bodies above a minimum size (ATR-relative) to confirm genuine trend strength.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: H1, H4, D1. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.