Heiken Ashi High Low

[felix2828]

Hi,

please, i need help with heiken ashi bot.
Thank you .

how can i enter for Heiken Ashi for buy on lowest point of the candle and for sell highest point of the candle?
Don't want bot to buy/sell at the breakout of candle , but this would cause bad risk reward.

https://fxdreema.com/shared/1apsu2Hie

[ambrogio]

@felix2828 you can do this by a formula block that allows you to get the high or low of the previous candle, then you use that value

[felix2828]

@ambrogio

Ok, so i simply need add both High and Low as variables?

Do you mean like using the regular opposite candles as trigger right?

For example HA was bullish but actual candle was already bearish.

Found from testing that using the opposite candle type for trigger candle that this often fails when market still continues trend.

[ambrogio]

@felix2828 remember that "buy now" and "sell now" are opened at the current market price (ask or bid). If you want opens orders on high/low of HH candles you should use some more condition or by place pending orders.

[felix2828]

@ambrogio

Hi currently i'm using Di + Di-/ ADX crossing as my main entry trigger.

Yes buy now/ sell now for market order would enough, trading Euro USD, very liquid market, therefore have found any signifcant slippage yet, to use pending order.

Found from backtesting that candle of heiken ashi often forms within this crossover, therefore doesnt have to retrace to the absolute again low for a buy for instance.

Only thing is that it doesnt open trade way to late, sort of like chasing price.

Please have a look at graphic attached.

Market needs to pullback. Then when candle moves in opposite direction and Di trigger happended then it should be enter, which Heiken Ashi Color changes.

What i found from testing, that market needs to have enough space for 1 retracement, if it likes.

Using the ATR for Sl placement, but based on the calculation it be at good average price to maintain space for stop loss when triggered.
Therefore even if it retraces back, because entry is not at lowest point of the candle range for sell for instance, probability is higher that it dont overseeds the previous high and not more unlikely to arrive at stop loss level.

Also dont want to have massive ATR multiplier SL, because then bot decreases lot size based on calculation to low.

Found from testing that ATR of 1.5 is more than enough for Euro USD.

When this would happended trade idea isnt valid any more.

[ambrogio]

@felix2828 i suggest you to use a flag when DI+ and DI- crossing, then you can verify other conditions.

[felix2828]

@ambrogio

Did use flags before in other projects but doesnt seem to work that good.
Got the suggestion from @l-andorrà to use varibales instead.

I did use it for bollinger bands before.
There it was upper and lower band, a single line as the varibale.
like BBup 0,
BB Down

for a on chart indicator.

Because ADX is a custom price fraction indiactor, how does this apply for a crossing of those lines?

[ambrogio]

@felix2828 Sorry, forgive me, but I'm noticing that each time you are putting together new and old rules, please start with one rule at a time. What is your main rule? Please put a couple of blocks together and then we add more.

[felix2828]

@ambrogio

yes, currently testing different projects, if you mean this.
my main system is heiken ashi.
Found from backtesting to that market not always give opportunity to wait for entire Heiken Ashi to form for entry.
For example if bullish, the color of candle like blue for bullish changes within the momentum shift.

Did use it solo for entry and exit, but found that Heiken ashi, because in fxdreema you can not select if heiken ashi candle is "Doji" or trend that it needs something that helps to prevent range or consolidation conditions.
Therefore the Di crossing.

Been told by professional trader that institutionals make the crossing for DI, it is one of the best indicators, due to large capital/ market orders.

[ambrogio]

@felix2828 yes, you can get a doji HH like normal candle. There is no block that allows to recognize directly these candles, but you can do it with some condition/formula blocks. Eg.: wick size, difference between open-close must be less than x pips eccc..

[felix2828]

@ambrogio

yes you're right.
Have watched YT video about this.

Only thing i found is important for heiken ashi trading, that there is momentum increasing.

Doji Candles can often appear after a trend has startet and then market starts consolidating.

Might be that big players are taking profit or building up new positions as well to keep momentum stable.

But anyway, have found that you only need something to provides there is increasing momentum started.
Therefore did started using Di crossing.
But still not perfect when market is consolidating.