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Heiken Ashi Plus is an MT5 expert advisor that opens trades when the Heiken Ashi candle changes colour. It can optionally require confirmation from a moving average, Stochastic or RSI.
Get one message the moment it launches, with its price.
Heiken Ashi Plus is an expert advisor for MetaTrader 5 that trades from the colour of Heiken Ashi candles. A switch from one colour to the other is treated as a momentum signal, and you can ask for extra confirmation from a Moving Average, Stochastic or RSI before a trade is opened.
Heiken Ashi candles are calculated from averaged price data, so they tend to look smoother than standard candles. The EA watches for the candle to change colour and treats that as a possible change in short-term direction. In the simplest mode it acts on the colour change alone. In the other modes it also checks the chosen indicator and only trades when both agree.
A trailing stop can be activated once the trade is a set number of pips in profit. You can also close a position when an opposite signal appears, either always or only when the trade is in profit. The position method controls whether the EA takes one trade per bar or keeps only one position active at a time. The description also mentions a multi-timeframe feature, so check the input list in your copy for those options.
The description does not limit the EA to particular symbols or chart periods. Because colour-change signals behave differently on fast and slow charts, and spreads vary by instrument, test each symbol and timeframe separately before relying on it.
| Setting | Purpose |
|---|---|
| LotMethod | Fixed lot, risk-based lot or martingale sizing |
| TrailingStart | Number of pips in profit before the trailing stop activates |
| PositionMethod | One trade per bar, or only one active position |
| OpeningMethod | Heiken Ashi alone, or combined with MA, Stochastic or RSI |
| CloseOppositeSignal | Close the trade when an opposite signal appears |
| CloseOppositeSignalOnlyProfit | Close on an opposite signal only if the trade is in profit |
Default values, indicator periods and lot sizes are not listed here, so read the input tab after attaching the EA and adjust each value to your account size and risk tolerance. Use only one of the two close-on-opposite options at a time.
Trading carries risk and past results do not predict future ones. Martingale sizing in particular can magnify losses. Test on a demo account and in the Strategy Tester before using real money, and only risk capital you can afford to lose.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 |
| Strategy focus | Momentum |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Trade style | Momentum, candle colour change |
| Entry filters | Heiken Ashi alone, or with MA, Stochastic or RSI |
| Money management | Fixed lot, risk lot or martingale |
| Markets and timeframes | Not restricted by the description; test before use |
| Exit tools | Trailing stop, close on opposite signal |
| Requirements | MT5 terminal with algorithmic trading enabled |
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No. This product is built for MetaTrader 5 and will not load in MetaTrader 4. If you trade on MT4, look for a product made for that platform.
Extract the download, copy the EA file into the Experts folder via File > Open Data Folder > MQL5 > Experts, then restart MT5 or refresh the Navigator. Drag the EA onto a chart and make sure algorithmic trading is switched on.
OpeningMethod lets you use Heiken Ashi alone, or add a Moving Average, Stochastic or RSI filter. Neither choice is better in every market, so compare them in the Strategy Tester on your own symbol and timeframe before going live.
Martingale sizing increases position size after losses and can lead to large drawdowns or a margin call. Many traders prefer the fixed or risk-based lot methods. If you test martingale, do so on a demo account with conservative settings.
The description does not name a specific broker. Any MT5 broker that allows expert advisors should work, but spreads, execution and stop-level rules affect results. Check the symbol specifications and test on a demo account first.
It closes an open position when a signal in the other direction appears. There is also a variant that does this only when the trade is in profit. The notes say to pick one of the two and not enable both, so set one to true and the other to false.
Heiken Ashi Plus MT5
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