Originally Posted by
triplex
Hello,
I've got an idea for a strategy with the heiken ashi indicator.
An avantage will be when you use it on trendy pairs.
Look on W1 for the higher TF, it give us the direction to which we want to trade in the lower TF.
For long trades heiken ashi must be blue and RSI must be above 55,
for short trades HA must be red and RSI under 45.
To entry the trade you look onto H4,
for long trade heiken ashi must turn from red to blue, use a SL on the last low(eventually visualize through the support-resistance-Indi) and use the money management-scripts from my other threads, the tp should be 3x to 4x of the SL, so we will get an RR of 3:1 to 4:1. For short trades vice versa.
I will try it first time at next week, will look onto 4-5 pairs to get trades.