Heiken-Ashi 1H Forex Strategy

This 1H Heiken-Ashi Forex strategy will make your trading becomes more relaxing.

• It’s Easy to understand (you can look at the indicator at a glance and will know if its time to take a trade, no messy lines)
• Using on 1H timeframe means you don’t have to look at the chart every second; you can check every hour or a couple of hours

what’s this strategy? How do we enter a good trade?

Here’s how:

• Open a new chart
• Put Heiken-Ashi to the chart
• Add MA (Simple,Period: 14)
• Add OsMA with default settings (set level to 0)
• Add Momentum (set level to 100,Period: 10)
• Add RSI to the chart(Period: 5, set level to 50)
  *or you can download the template Down below

*change the candle to bar, so you can see the actual open and close price is without having open two charts

LONG Market Trade:

• Heiken Ashi is close above MA 14
• OsMA is above 0
• Momentum is above 100
• RSI is above 50

SHORT Market Trade:

• Heiken Ashi is close below MA 14
• OsMA is below 0
• Momentum is below 100
• RSI is below 50

*Momentum and RSI indicator is optional confirmation, you can take trade even if these two indicators didn’t go above/below their levels, but it will be a risky trade, I take a trade when one of them is below /above the levels.

Where to set TP and SL?

• When setting SL, we usually set it to the nearest swing high/low and set TP 2 time the SL, so my risk-reward ratio is 1:2
• Close your trade if OsMA going in a different direction (e.g., you take LONG trade, OsMA is above 0, after a couple of hours OsMA is going below 0 that’s your chart signal to close a trade)
• Of course, you can set TP and SL by your style

Here’s how I usually take trade:

• Need three confirmation signals from the indicator
• If all indicator is confirmed, then I take two trade order at the closing candle
• Set my SL to nearest swing, and I’m using 2 TP levels, 1st is 1:1 from SL and 2nd is 1:2 from SL (e.g., I take the trade at 1.2000, my SL is 1.1000, my 1st TP is 1.3000, 2nd TP is 1.4000)
• If my 1st TP is hit, then I will move SL to BE

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