Heiken Ashi EA
Info
The Heiken Ashi EA is a Expert Advisor for MetaTrader 5 that the expert advisor is based on the heiken ashi indicator. Recommended pair and timeframe:- EURAUD -- H1Strategy Tester ReportMetaQuotes-Demo (Build 294)SettingsExpert: HA_kEASymbol: EURAUDPeriod: H1 (2022.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Experts folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Heiken Ashi EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
The Expert Advisor is based on the Heiken Ashi indicator.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 5. Place the file in the MQL5/Experts folder and restart the terminal.
Description & Settings
Related: Exp Heiken Ashi Smoothed - another powerful expert for MetaTrader 5 traders.
The Expert Advisor is based on the Heiken Ashi indicator.Recommended pair and timeframe:
- EURAUD -- H1
Also recommended: Pivot Heiken 3 - similar expert with strong performance on MetaTrader 5.
Strategy Tester Report
MetaQuotes-Demo (Build 294)
Settings
Expert: HA_kEA
Symbol: EURAUD
Period: H1 (2022.07.18 - 2022.07.24)
Inputs: P=100
Broker: MetaQuotes Software Corp.
Currency: USD
Initial Deposit: 3 000.00
Results
Bars: 120
Ticks: 378767
Total Net Profit: -2 047.37
Gross Profit: 1 174.25
Gross Loss: -3 221.62
Profit Factor: 0.36
Expected Payoff: -292.48
Recovery Factor: -0.37
Sharpe Ratio: -1.62
Balance Drawdown:
- Balance Drawdown Absolute: 2 047.37
- Balance Drawdown Maximal: 2 627.45 (73.39%)
- Balance Drawdown Relative: 73.39% (2 627.45)
Equity Drawdown:
- Equity Drawdown Absolute: 2 301.38
- Equity Drawdown Maximal: 5 472.90 (88.68%)
- Equity Drawdown Relative: 88.68% (5 472.90)
Total Trades: 7
Short Positions (won %): 5 (40.00%)
Long Positions (won %): 2 (0.00%)
Profit Trades (% of total): 2 (28.57%)
Loss Trades (% of total): 5 (71.43%)
Largest profit trade: 1 031.31
Largest Loss Trade: -891.96
Average profit trade: 587.13
Average Loss Trade: -644.32
Maximum consecutive wins ($): 1 (1 031.31)
Maximum consecutive losses ($): 3 (-2 558.97)
Maximal consecutive profit (count): 1 031.31 (1)
Maximal consecutive loss (count): -2 558.97 (3)
Average consecutive wins: 1
Average consecutive losses: 2
You may also like: Heikin Ashi Engulfing - excellent alternative for expert users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.