Innocent Heikin Ashi Ethereum StrategyHello there, im back!
If you are familiar with my previous scripts, this one will seem like the future's nostalgia!
Functionality:
As you can see, all candles are randomly colored. This has no deeper meaning, it should remind you to switch to Heikin Ashi. The Strategy works on standard candle stick charts, but should be used with Heikin Ashi to see the actual results. (Regular OHLC calculations are included.)
Same as in my previous scripts we import our PVSRA Data from @TradersReality open source Indicator.
With this data and the help of moving averages, we have got an edge in the market.
Signal Logic:
When a "violently green" candle appears (high buy volume + tick speed) above the 50 EMA indicates a change in trend and sudden higher prices. Depending on OHLC of the candle itself and volume, Take Profit and Stop Loss is calculated. (The price margin is the only adjustable setting). Additionally, to make this script as simple and easily useable as possible, all other adjustable variables have been already set to the best suitable value and the chart was kept plain, except for the actual entries and exits.
Basic Settings and Adjustables:
Main Input 1: TP and SL combined price range. (Double, Triple R:R equally.)
Trade Inputs: All standard trade size and contract settings for testing available.
Special Settings:
Checkbox 1: Calculate Signal in Heikin Ashi chart, including regular candle OHLC („Open, High, Low, Close“)
Checkbox 2/3: Calculate by order fill or every tick.
Checkbox 4: Possible to fill orders on bar close.
Timeframe and practical usage:
Made for the 5 Minute to 1 hour timeframe.
Literally ONLY works on Ethereum and more or less on Bitcoin.
EVERY other asset has absolute 0% profitability.
Have fun and share with your friends!
Thanks for using!
Example Chart:
Heikinashi
3kilos BTC 15mThe "3kilos BTC 15m" is a comprehensive trading strategy designed to work on a 15-minute timeframe for Bitcoin (BTC) or other cryptocurrencies. This strategy combines multiple indicators, including Triple Exponential Moving Averages (TEMA), Average True Range (ATR), and Heikin-Ashi candlesticks, to generate buy and sell signals. It also incorporates risk management features like take profit and stop loss.
Indicators
Triple Exponential Moving Averages (TEMA): Three TEMA lines are used with different lengths and sources:
Short TEMA (Red) based on highs
Long TEMA 1 (Blue) based on lows
Long TEMA 2 (Green) based on closing prices
Average True Range (ATR): Custom ATR calculation with EMA smoothing is used for volatility measurement.
Supertrend: Calculated using ATR and a multiplier to determine the trend direction.
Simple Moving Average (SMA): Applied to the short TEMA to smooth out its values.
Heikin-Ashi Close: Used for additional trend confirmation.
Entry & Exit Conditions
Long Entry: Triggered when the short TEMA is above both long TEMA lines, the Supertrend is bullish, the short TEMA is above its SMA, and the Heikin-Ashi close is higher than the previous close.
Short Entry: Triggered when the short TEMA is below both long TEMA lines, the Supertrend is bearish, the short TEMA is below its SMA, and the Heikin-Ashi close is lower than the previous close.
Take Profit and Stop Loss: Both are calculated as a percentage of the entry price, and they are set for both long and short positions.
Risk Management
Take Profit: Set at 1% above the entry price for long positions and 1% below for short positions.
Stop Loss: Set at 3% below the entry price for long positions and 3% above for short positions.
Commission and Pyramiding
Commission: A 0.07% commission is accounted for in the strategy.
Pyramiding: The strategy does not allow pyramiding.
Note
This strategy is designed for educational purposes and should not be considered as financial advice. Always do your own research and consider consulting a financial advisor before engaging in trading.
QuantNomad - Heikin-Ashi PSAR StrategyContinue experimenting with different combinations of strategies.
Here is the PSAR Strategy calculated based on HA candles. HA is already calculated inside the script, do not apply it to HA candles.
Strategy is calculated based on 25% equity invested with 0.1% commission.
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Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
Renko Bollinger StrategyIf you build Bollinger Bands from the values of Renko or Haken Ashi, then you can get an interesting strategy.
Up Down Strategy with MA Controla simple up down candle strategy with a built in MA control
alerts script:
Kozlod - Heikin-Ashi Bar Color Change StrategyYou can use this script to backtest Heikin-Ashi bar color change strategy.
You have to apply this script to usual candles and not Heikin-Ashi!!!
Background color indicates HA bar color. On change you'll see green/red arrows and alert will be fired.
Also you can find in the code calculations of all HA OHLC values.
quit your bullshit! Heikin-Ashi Backtest with Real Candle ValuesMade in a few minutes to debunk all the bullshit going around tradingview and everywhere about "heikin-ashi" being a holy grail trend indicator.
Do not be deceived.
Heikin-Ashi is a beautiful way to remove much of the noise in markets, and is light on the eyes. (nice and smooth!)
I personally use heikin-ashi as a way to remove a lot of the clutter in the markets, allowing me to trade with less emotion.
While heikin-ashi is a great way to visualize trends, it is NOT a good trend indicator because its displayed values do not align with actual trading values.
Therefore, entry and exit points for many of the ideas published about heikin-ashi for trade are inaccurate.
::: When Heikin-Ashi changes colour for x candles, a new trade is created on the open of the following real candle.
In practice, Heikin-Ashi is much closer to break even.
As tested, Heikin-Ashi trend trading works better on pairs that have clearer definitions of trends and are less often in consolidation. (ex. USDJPY)
Usage:
Switch to normal candlestick chart.
Features:
Change the period for new trades. (For example: x amount of red candles after a green candle to signify short trade)
Trend following with HAThis is my first script and it is basically a MA crossover/under strategy that uses heikin ashi closing prices. I've also used limit orders based on HA opening prices of the previous day for entry which improves the performance. However, this impose a restriction when prices are moving too fast and the algo is unable to enter the trade, resulting in a bad position for a long period, which I believe is preventing this strategy from performing better. Will appreciate any comments/ suggestions to improve this (such as enter market prices the next day when failed to enter on HA price - not sure if this is possible) as I'm still starting out and will be more than happy to learn from the community here. Cheers!
