Trading forex using heiken ashi expert
Do you like the article? Share it with others - post a link to it! Use new possibilities of MetaTrader 5. With the appearance ashi candlestick chart in the U. Candlesticks became a popular trading instrument, and traders began working with them in order to ease the reading of the charts. But the interpretation of candlesticks differ from one another. One of these methods, which changes the traditional candlestick chart, and facilitates its perception, is called the Heikin Ashi technology. On his Website the author points out that during the summer of he studied the technology of Ichimoku, and as often happens, accidentally discovered a few diagrams, on which he saw a clearly visible trend of the market. It turned out to be a Heikin-Ashi diagram, or to be more precise, some altered candlesticks. This method of analysis was developed by a Japanese trader who became very successful and uses this method to this day. To the surprise of the author, he found no other related information in books or the Internet, so he decided to make it available to all traders by publishing it in a journal. The Heikin-Ashi method heikin in Japanese means the "middle" or the "balance", and ashi means "foot" or "bar"ashi is a visual tool for assessing trends, their direction and strength. This is not a "Holy Grail" of trading, but it is definitely a good and easy-to-use instrument for trading trends. Let's consider how the calculation of the OHLC candlestick value is performed:. Closure of the current bar: The values of "Open," "High," "Low" and "Close" heiken referring to the current bar. The prefix "ha" indicates the corresponding modified values of heikin-ashi. To facilitate the perception of market information, the Heikin-Ashi technology modifies the traditional candlestick chart, by creating so-called synthetic candlesticks, which remove irregularity from the normal chart, offering a better picture of trends and consolidations. Just by looking at the candlestick chart, created using this method, you get ashi good overview of the market and its style:. On the left is regular candlestick chart aforex the right b Heikin-Ashi chart. The distinctive feature of these graphs is that in an upwards trend the majority of white candles have no shadow. In a downward trend there is no top shadow for the majority of black candles. Heiken Ashi chart show no breaks, so a new candle opens at the level of the previous one's middle. The candlesticks on the Heiken-Ashi chart show a greater extent of trend indication than traditional candlesticks. When the trend weakens, the bodies of candlesticks are reduced, and the shadows grow. It is most convenient to determine the end of a corrective movement, based on these charts. Before installing using indicator onto the chart, I recommend making the graph linear. Also, in the properties of the graph, in the "General" tab, uncheck the item "from the top graph". I would like to once again focus your attention on the fact heiken the Heiken-Ashi method is not a "Holy Grail". To prove this, I will try to create a simple trading system TS using only this technique. To do this, we need to create a simple Expert Advisor, using the MQL5 programming language and forex library classes, and then test it on historical trading, using the strategy tester of the MetaTrader 5 terminal. Without making things too complex, we create the algorithm by using the six basic rules of the Heiken-Ashi procedure, proposed by Dan Valcu on the following site: A strong tendency 3,4 we acts the same way - by pulling up the stop. Consolidation 5 and a change of trend 6closes the forex if it is not closed by the stop expert, however we need to then decide whether or not to open an opposite position. To make the decision, we need to somehow determine whether a consolidation or a reversal is taking place. We will need a filter, built on indicators, candlestick analysis, or graphical analysis. The objectives expert our article does not include the establishment of a profitable strategy, but who knows what we expert accomplish as a result. Therefore, let us consider that the appearance of a candle of the opposite color, we will close the position and open a new one with the opposite direction. Overall, everything is quite simple, and hopefully clear to the reader. Now we will implement this on the language of MQL5. To create an Expert Advisor, we will need only one input parameter - the size of the lot, the two event handler functions OnInitOnTicktrading our own function CheckForOpenClose. To set the input parameters in MQL5 we use Input variables. Function OnInit is the event expert Init. Init events are generated immediately after loading the Expert Advisor. In the code of this function we will connect the indicator to the Expert Advisor. You may wonder why there is so much complexity, if we have the formulas for calculating the indicator, and we can calculate the values in the code of the Expert Advisor. Yes, I admit, it is possible to do so, but if you look at one of them carefully:. Therefore, instead of independent calculations, we will exploit the capabilities of MQL5 for connecting our custom indicator, specifically, the function iCustom. To do using, we add to the body of the function Expert the following line:. The function OnTick is the handler of the NewTick eventwhich is generated with the appearance of a new tick. And if both conditions are met, we see the fulfillment of our function CheckForOpenClose where the main work takes place. Let's look at it more carefully. Since the terms of our TS specify that the installation of orders take place at the opening of a new candlestick, we need to determine whether a new candlestick has opened or not. There are many ways to do this, but the simplest one expert to check the volume of ticks. Thus, if the tick volume is equal to one, this indicates the opening of a new bar, and you should check the terms of TS and put out orders. Create a variable array of forex type MqlRates of the size of one element. Using the function CopyRates obtain into it the values of the last bar. Then check the tick volume and if it is greater than one, terminate the function, if not, then continue the calculations. Next, using the directive define we declare a few mnemonic constants:. I want to focus your attention on how data is stored in using variables of the array. The "oldest" historically bar is stored in the first element of the array zero. The order of the candlesticks and the values of the indexes of the array. And so we have obtained the OHLC Heiken-Ashi values, and it remains to verify the conditions for the opening or maintenance of a positions. As Heiken pointed out before, we got the values of three Heiken candlesticks. Then we need to check for open positions on the instrument. To do this we will use the CPositionInfo class of trading classes of the default library. This class allows us to obtain information about open positions. If at the current moment we have an open position to buy, then we need to close it. To do this we use the methods of class CTrade of the standard class librarywhich is designed to perform trading operations. Using the method PositionClose const string symbol, ulong deviation we will close the purchase, where the symbol is the name of the instrument, and the second parameter, deviation, is the permissible deviation of the closing price. Then using check the combination of candlesticks according to our TS. Here it is necessary to turn your attention to the use of three methods of the CTrade class:. Copy it to the catalog. To check the viability of our trading system, we will use the MetaTrader 5 strategy tester, which is a part of the trading platform. Once it is launched, we locate the "Settings" tab Figure 3. Configuring the Expert Advisor - choose from a list of our Expert Advisors, indicate the testing interval as the beginning of through the end ofthe amount of initial deposit is 10, USD, disable the optimization since we have only one input parameter, and we just want to check the viability of the TS. Testing will be done using two currency pairs. I decided to choose the currency pairs EURUSD using GBPUSD. For testing, I decided to take the following time intervals: H3, H6 and H You will ask why? The answer is because I wanted to test the TS on time intervals, which were not present in heiken MetaTrader4 terminal. So here we go. We select the testing currency EURUSD, the testing period H3, and trading "Start". Upon completion of testing, we see two new tabs in the tester window: The Results strategy testing EURUSD H3. From the test results Fig. I almost forgot to mention that the tab "Results", by default, creates a simple report. In addition, we have the ability to view transactions, orders, and written file reports. To do this, we simply place the cursor over the tab, click the using mouse button, and select the appropriate menu item:. Context menu of the Strategy Tester Results tab. Strategy Tester Heiken tab EURUSD H6. Strategy Tester Results tab EURUSD H It seems that on the currency pair, such as EURUSD, our strategy is not effective. But we can notice that the variation of the working period significantly affects the result. We extend our test to the currency pair GBPUSD, in order to make final conclusions about the efficiency of our TS. Strategy Tester Results tab GBPUSD H3. Strategy Tester Results tab GBPUSD H6. Strategy Tester Results tab GBPUSD H Strategy Tester Graph tab GBPUSD H After analyzing the test results, we see that using a currency pair, such as GBPUSD, our system demonstrated positive results in two separate cases. Over a twelve-hour period, we received a considerable profit of ,23 USD, although it was received over nine years. Those who are interested can test other currency pairs. My assumption is that the more volatile the pair is, the better result should trading obtained, and the longer time period should be used. In conclusion, I emphasize, that this trading system is not the "Holy Grail" and can not be used forex its own. However, if with additional signals candlestick analysis, wave analysis, indicators, trends we separate the reversal signals from the consolidation signals, then on some volatile trading instruments, it can be quite viable, though unlikely to bring a "crazy" profit. Translated from Russian by MetaQuotes Software Corp. I ran the test on EURUSD from the beginnign of the year but the results expert not consistent with the indicatore, i. This article describes the principles of working with the Internet via the use of HTTP requests, and data exchange between terminals, using an intermediate server. An MqlNet library class is presented for working with Internet resources in the MQL5 environment. Monitoring prices from different brokers, exchanging messages with other traders without exiting the terminal, searching for information on the Internet — these are just some examples, reviewed in this article. There has been a recent rise of interest in the cluster analyses of the FOREX market. MQL5 opens up new possibilities of researching the trends of the movement of currency pairs. A key feature of MQL5, differentiating it from MQL4, is the possibility of using an unlimited amount of indicator buffers. This article describes an example of the creation of a multi-currency indicator. The article examines the mechanism of creating a DLL module, using the popular programming language of ObjectPascal, within a Delphi programming environment. The materials, provided in this article, are designed to primarily target beginner programmers, who are working with problems, which breach the boundaries of the embedded programming language of MQL5, by connecting the outside DLL modules. The article describes how to implement Interprocess Communication between MetaTrader 5 client terminals using named pipes. For the use of the named pipes, the CNamedPipes class is developed. For the test of its use and to measure ashi connection throughput, the tick indicator, the server and client scripts are presented. The use of named pipes is sufficient for real-time quotes. MetaTrader 5 Examples Indicators Experts Tester Trading Trading Systems Integration Indicators Expert Advisors Statistics and analysis Interviews MetaTrader 4 Examples Indicators Experts Tester Trading Trading Systems Integration Indicators Expert Advisors Statistics and analysis. MetaTrader 5 — Examples. Introduction With the appearance of candlestick chart in the U. Let's consider how the calculation of the OHLC candlestick value is performed: Just by looking at the candlestick chart, created using this method, you get a good overview of the market and its style: On the left is regular candlestick chart aon the right b Heikin-Ashi chart Fig. Trading System Algorithm Without making things too complex, we create the algorithm by using the six basic rules of the Heiken-Ashi procedure, proposed by Dan Valcu on the following site: It's not always a reliable signal, and sometimes can be just a part of expert 5. And so, our algorithm is as follows: With a strong trend, using take the same steps as we did with the trend, ie move the stop. Programming the Expert Advisor in MQL5 To create an Expert Advisor, we will need only one input parameter - the size of the lot, the two event handler functions OnInitOnTickand our own function CheckForOpenClose. Yes, I admit, it is possible to do so, but if you look at one of them carefully: To do this, we add to the body of the function Trading the following line: Let's look at it more carefully Since the terms of our TS specify that the installation of orders ashi place at the opening of a new candlestick, we need to determine whether a new candlestick has opened or not. We implement it the following way: Next, using the directive define we declare a few mnemonic constants: The order of the candlesticks and the values of the indexes of the ashi And so we have obtained the OHLC Heiken-Ashi values, and it remains to verify the conditions trading the opening or maintenance of a positions. Consider in detail the processing of the sale signal. Method PositionModify symbol, sl, tp Used to change the value of the stop and profit, where symbol - the name of the instrument, sl - Stop, tp - profit. I would like to draw your attention to the fact that before using this method, you should check for the presence of an open position. The method ResultRetcodeDescription is used for obtaining the description of the code error in the form of a line. This completes the processing of the signal to sell. To buy heiken use the same principle. Here is the complete code of the Expert Advisor: Testing the trading system on historical data To check the viability of our trading system, we will use the MetaTrader 5 strategy tester, which is a part of the trading platform. Strategy Tester settings Configuring the Expert Advisor - choose from a list of our Expert Advisors, indicate the testing interval as the beginning of through the end ofthe amount of initial deposit is 10, USD, disable the optimization since we have only one input parameter, and we just want ashi check the viability of the TS. The Results strategy testing EURUSD H3 From the test results Fig. Heiken do this, we simply place the cursor forex the tab, click the right mouse button, and select the appropriate menu item: Context menu of the Strategy Tester Results tab Here is the results of testing on over a six-hour period H6: Strategy Tester Results ashi EURUSD H6 over a twelve-hour period H Strategy Tester Results tab EURUSD H12 It seems using on the currency pair, such as EURUSD, our strategy is not effective. Strategy Tester Results tab GBPUSD H3 Figure Strategy Tester Results tab GBPUSD H6 Figure Strategy Tester Results tab GBPUSD H12 Figure Strategy Tester Graph tab GBPUSD H12 After analyzing the test results, we see that using a currency pair, such as GBPUSD, our system demonstrated positive results in two separate cases. Conclusion Forex conclusion, I emphasize, that this trading system is not the "Holy Grail" and can not be used on its own. Attached files Download ZIP. All rights to these materials are reserved by MQL5 Ltd. Copying or reprinting of these materials in whole or in part is prohibited. Last comments Go to discussion 3. Alfredo Contaldi 5 Oct at Hello, I ran the test on EURUSD from the beginnign of the year but the results are not consistent forex the indicatore, i. Which could be the problem? Olivier Nomblot 22 Jun at Using Heiken Ashi smoothed is slower but works fairly well visually for manual trading. It almost gives the same results as Renko. Thanks for the article. Tiberio 21 Feb at I needed a Heiken-Ashi-Renko indicator, that is, the Heikein-Ashi calculated on Renko-Candles. I needed the mt5 file Does anyone know how to help me? Creating a Multi-Currency Indicator, Using a Number of Intermediate Indicator Buffers There has been a recent rise of interest in the cluster analyses of the FOREX market. Guide to writing a DLL trading MQL5 in Delphi The article examines the mechanism of creating a DLL module, using the popular programming language of ObjectPascal, within a Delphi programming environment. A DLL-free solution to communicate between MetaTrader 5 terminals using Named Pipes The article describes how to implement Interprocess Communication between MetaTrader 5 client terminals using named pipes.
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