Inside Bar with Heikin Ashi

[Tradewell]

Hi, All .

However, it's a simple strategy that use the Inside Bar price action with Heiken ashi,
on daily or h4 charts

An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar.

1. A green box is an inside bar, yet unbroken
2. A blue box is a bullish breakout of an inside bar
3. A red box is a bearish breakout of an inside bar

ENTRY CONDITION

3 Buy stop on the higher of the inside bar
3 Sell stop on the lower of the inside bar

EXIT CONDITION / MONEY MANAGEMENT

Use Fibonacci for determinate Take profit and stop loss (see the picture)
Other way, that i use, it's close the position when Heikin Ashi candles change color (see the picture), this is very nice when the price don't reached the firts target

The levels of Fibonacci are : 0, 1, 1,5, 2, 2,5.

Move SL to breakeven when the price reached the TP1, and close 1 trade.
Move SL to TP1 when the price reached the TP2, and close the second trade.
TP3 is the take profit

 

[philipngcc]

Nice Strategy. How is the result so far ? Manage to find which currency pair is good for this. ?

 

[philipngcc]

If I able to make a expert advisor base on this will share here.

 

[charlkuun]

Thank you very much for this indicator. Will try it out

 

[azizhk]

Thanks for sharing! Inside Bars work really best at S/R zones!

 

[Funmife]

Thanks for sharing.

Used and find it profitable on GBP/USD H1 the draw down so far has been cool and profit is not bad.

But recommended to be used on highly regulated forex brokers.

 

[walidezz]

Hi, All .

However, it's a simple strategy that use the Inside Bar price action with Heiken ashi,
on daily or h4 charts

An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar.

1. A green box is an inside bar, yet unbroken
2. A blue box is a bullish breakout of an inside bar
3. A red box is a bearish breakout of an inside bar

ENTRY CONDITION

3 Buy stop on the higher of the inside bar
3 Sell stop on the lower of the inside bar

EXIT CONDITION / MONEY MANAGEMENT

Use Fibonacci for determinate Take profit and stop loss (see the picture)
Other way, that i use, it's close the position when Heikin Ashi candles change color (see the picture), this is very nice when the price don't reached the firts target

The levels of Fibonacci are : 0, 1, 1,5, 2, 2,5.

Move SL to breakeven when the price reached the TP1, and close 1 trade.
Move SL to TP1 when the price reached the TP2, and close the second trade.
TP3 is the take profit

Good work.
Thanks for sharing.....

 

[Red_Pill]

Anyone having issues with loading this indicator would be greatly appreciated.

 

[Red_Pill]

Nevermind. You can actually download the latest version for free. Works like a charm.

 

[vinicsou]

Nice Strategy. How is the result so far ? Manage to find which currency pair is good for this. ?

 

[usmanlaghari11]

Thanks for sharing. It would be great if you practice it

 

[xtofmu]

Very interesting strategy. How much is the win rate?