Free Indicators, Expert Advisors (EAs) and Tools for Metatrader (MT4/MT5)

Heiken Ashi Pro settings

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  • 28-02-2018 at 18:07 #254007
    Heather
    Member

    I’d like to use the EA on the 1 or 4 hr charts. I’m pretty new to HA in general but understand the basics. What I do not understand though are some of the settings. What values are best for “moving average 1 and moving average 2” I regular candlestick charts I like the 20 and 50 ema so are these settings essentially the same for heiken ashi?

    Secondly, regarding the trailing stop, are the values we set within the EA in pips or points? Example – when I use the MT4 trailing stop feature, it is in points so if I want to trail by 20 pips, I put in 200.

    And thirdly, would the heiken ashi smoothed settings be the same as the HA indicator settings?

    Thank you in advance for your replies.

    06-03-2018 at 10:53 #260222
    Yannick
    Keymaster

    1) I do not know the best settings either.
    2) If you use the EA on forex symbols, all values are always in pips. On other symbols, it is different for every broker.
    3) Do you mean if you should set the EAs input value the same as the indicator you attach to the chart? Then yes. If you use different settings, you will not be able to follow the trades visually.

    Hope this helps 🙂

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