Name: Heiken Ashi MA EA
Category: Trend
Price: FREE
Pairs: All majors
Time frame: M30, H1
Time: 24h
ECN ready: Yes
NFA ready: Yes
Execution: Auto
Stealth mode: Yes
4/5 Digits: Yes
MM: Yes
INFORMATION
This EA uses indicator signals to send a buy/sell order. Heiken Ashi MA EA performs better on EURUSD pair and H1 time frame.
METATRADER DOWNLOADS
Latest update: September 22, 2011
Latest version: v1.3
MT4 Expert Advisor: download
MT4 Indicator: download
INSTALLATION
1. Shutdown your Metatrader platform
2. Copy the expert advisor file into the /experts folder of your Metatrader software (Example: C:\Program Files/MetaTrader4/experts)
3. Copy the indicator into /experts/indicators folder of your Metatrader software (Example: C:\Program Files/MetaTrader4/experts/indicators)
SETTINGS MANUAL
user_tp: money management system takes this and minimum_lots to calculate "take profit" in dollars
user_sl: money management system takes this and minimum_lots to calculate "stop loss" in dollars
use_tp_sl: 1 to close orders using user_tp and user_sl, 0 to close orders when indicator have a opposite signal.
profit_lock: from 0.5 (50%) to 0.9 (90%). This is the profit locked once you reach take profit.
money_management: 1 money management enabled, 0 money management disabled (the EA will trade the amount of lots specified in min_lots).
min_lots: minimum lots for your orders. The EA will take min_lots as the minimum unit.
risk: percentage from free margin used in a single order if money_management is set to 1 and progression is set to 0.
progression: 0 no progression, 1 D'Alembert , 2: Martingale
BACKTESTS
You can see results from 5 different backtests below. We use same pair, same time frame, same period but different money management configuration. In the 5th backtest we don't use take profit and stop loss.
Backtest 1: use_tp_sl=1, money_management=1, progression=0, min_lots=0.1, risk=5
Backtest 2: use_tp_sl=1, money_management=1, progression=1, min_lots=0.1
Backtest 3: use_tp_sl=1, money_management=1, progression=2, min_lots=0.1, risk=5
Backtest 4: use_tp_sl=1, money_management=0, min_lots=0.1
Backtest 5: use_tp_sl=0, money_management=1, progression=0, min_lots=0.1, risk=5
BACKTEST 1
Test period: January 1, 2010 - March 8, 2011
Pair: EURUSD
Time frame: H1
Set file: download
Detailed report: view
BACKTEST 2
Test period: January 1, 2010 - March 8, 2011
Pair: EURUSD
Time frame: H1
Set file: download
Detailed report: view
BACKTEST 3
Test period: January 1, 2010 - March 8, 2011
Pair: EURUSD
Time frame: H1
Set file: download
Detailed report: view
BACKTEST 4
Test period: January 1, 2010 - March 8, 2011
Pair: EURUSD
Time frame: H1
Set file: download
Detailed report: view
BACKTEST 5
Test period: January 1, 2010 - March 8, 2011
Pair: EURUSD
Time frame: H1
Set file: download
Detailed report: view