The Heikin Ashi Trader MT4 forex robot is an expert advisor, also tagged an EA.
It deploys the Heikin-Ashi trading technique, Stochastic oscillator, fast and slow moving average to execute buy and sell trading positions on autopilot.
The Heikin Ashi Trader EA works best on the major forex pairs, such as EUR/USD, GBP/USD, USD/JPY,…
Forex robot traders can take advantage of the adjustable STOC1, STOC2, STOC3, FastMA and SlowMA inputs variable values for more personalized trading results.
Feel free to experiment with its input values.
The “when to move break even” is a very important system variable that functions like a stop loss but has a value that is smaller.
Thereby making it possible to lock minimal profits and avoid loss if price moves against you.
The Heikin Ashi Trader EA trades only with the price of open candle.
Strategy Tester Report
Find below the Heikin Ashi Trader forex robot strategy tester report for the EUR/USD forex pair on the daily chart.
The Heikin Ashi EA made a total profit of $12094.62 from a total of 221 trades. The largest winning trade generated $1350.48 in profits, while the largest losing trade generated a loss of-$311.90.
Bars in test: 2051 ticks modelled
Initial deposit: $10000.00
Total net profit: $12094.62
Total trades: 221
Largest profit trade: $1350.48
Largest loss trade: -$311.90
Consecutive wins: 3
Consecutive losses: 2
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, MagicNumber…
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: Heikin Ashi
Copy and paste the Heikin Ashi Trader.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.