Heikin Ashi Strategy

• 03/06/2025 at 2:09 PM #244728
  neddyboy

  Hi everyone,

  I’m having trouble getting this Heikin Ashi Strategy to work. It’s supposed to enter long when heikin ashi drops below lower Bollinger band but only on the next green heikin candle. Also doing the reverse for short positions. Can anyone help with my code please?:

  Heikin Ashi Strategy

  // Define Bollinger Bands DEFPARAM CUMULATEORDERS = false DEFPARAM PreloadBars = 100 bollingerMiddle = Average[20](Close) bollingerUpper = BollingerUp[20](close) bollingerLower = BollingerDown[20](close) // Compute Heikin-Ashi Candles haClose = (Open + High + Low + Close) / 4 haOpen = (haOpen[1] + haClose[1]) / 2 haHigh = max(haOpen, haClose) haLow = min(haOpen, haClose) // Track buy/sell signals longSignal = 0 shortSignal = 0 // Detect Heikin-Ashi close below lower Bollinger Band if haClose < bollingerLower then longSignal = 1 // Mark as potential buy signal endif // Detect Heikin-Ashi close above upper Bollinger Band if haClose > bollingerUpper then shortSignal = 1 // Mark as potential sell signal endif // Confirm Buy: First Green HA Candle After Long Signal if longSignal = 1 and haClose > haOpen then buy 1 CONTRACT at market longSignal = 0 // Reset signal endif // Confirm Sell: First Red HA Candle After Short Signal if shortSignal = 1 and haClose < haOpen then sellshort 1 contract at market shortSignal = 0 // Reset signal endif

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  // Define Bollinger Bands DEFPARAM CUMULATEORDERS = false DEFPARAM PreloadBars = 100   bollingerMiddle = Average[20](Close) bollingerUpper = BollingerUp[20](close) bollingerLower = BollingerDown[20](close)   // Compute Heikin-Ashi Candles haClose = (Open + High + Low + Close) / 4 haOpen = (haOpen[1] + haClose[1]) / 2 haHigh = max(haOpen, haClose) haLow = min(haOpen, haClose)   // Track buy/sell signals longSignal = 0 shortSignal = 0   // Detect Heikin-Ashi close below lower Bollinger Band if haClose < bollingerLower then longSignal = 1 // Mark as potential buy signal endif   // Detect Heikin-Ashi close above upper Bollinger Band if haClose > bollingerUpper then shortSignal = 1  // Mark as potential sell signal endif   // Confirm Buy: First Green HA Candle After Long Signal if longSignal = 1 and haClose > haOpen then buy 1 CONTRACT at market longSignal = 0  // Reset signal endif   // Confirm Sell: First Red HA Candle After Short Signal if shortSignal = 1 and haClose < haOpen then sellshort 1 contract at market shortSignal = 0  // Reset signal endif

  

  neddyboy

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  03/06/2025 at 5:11 PM #244735
  JS

  Hi,

  Try this one:

  HA Strategy

  DefParam CumulateOrders=False DefParam PreLoadBars=1000 ONCE LongSignal = 0 ONCE ShortSignal = 0 BollingerMiddle = Average[20](Close) BollingerUpper = BollingerUp[20](close) BollingerLower = BollingerDown[20](close) haClose = (Open + High + Low + Close) / 4 If barindex=0 then haOpen=Open else haOpen = (haOpen[1] + haClose[1]) / 2 EndIf haHigh = max(High, max(haOpen, haClose)) haLow = min(Low, min(haOpen, haClose)) // Detect Heikin-Ashi close below lower Bollinger Band if haClose[1] < BollingerLower[1] then LongSignal = 1 // Mark as potential buy signal endif // Detect Heikin-Ashi close above upper Bollinger Band if haClose[1] > bollingerUpper[1] then ShortSignal = 1 // Mark as potential sell signal endif // Confirm Buy: First Green HA Candle After Long Signal if LongSignal = 1 and haClose > haOpen then Buy 1 Contract at Market longSignal = 0 // Reset signal after entry endif // Confirm Sell: First Red HA Candle After Short Signal if ShortSignal = 1 and haClose < haOpen then SellShort 1 Contract at Market ShortSignal = 0 // Reset signal after entry endif GraphOnPrice BollingerUpper as "Upper" GraphOnPrice BollingerLower as "Lower"

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  DefParam CumulateOrders=False DefParam PreLoadBars=1000   ONCE LongSignal = 0 ONCE ShortSignal = 0   BollingerMiddle = Average[20](Close) BollingerUpper = BollingerUp[20](close) BollingerLower = BollingerDown[20](close)   haClose = (Open + High + Low + Close) / 4 If barindex=0 then haOpen=Open else haOpen = (haOpen[1] + haClose[1]) / 2 EndIf haHigh = max(High, max(haOpen, haClose)) haLow = min(Low, min(haOpen, haClose))   // Detect Heikin-Ashi close below lower Bollinger Band if haClose[1] < BollingerLower[1] then LongSignal = 1  // Mark as potential buy signal endif   // Detect Heikin-Ashi close above upper Bollinger Band if haClose[1] > bollingerUpper[1] then ShortSignal = 1  // Mark as potential sell signal endif   // Confirm Buy: First Green HA Candle After Long Signal if LongSignal = 1 and haClose > haOpen then Buy 1 Contract at Market longSignal = 0  // Reset signal after entry endif   // Confirm Sell: First Red HA Candle After Short Signal if ShortSignal = 1 and haClose < haOpen then SellShort 1 Contract at Market ShortSignal = 0  // Reset signal after entry endif   GraphOnPrice BollingerUpper as "Upper" GraphOnPrice BollingerLower as "Lower"

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  neddyboy, robertogozzi, Iván

  

  JS

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  03/11/2025 at 8:53 AM #244824
  neddyboy

  Thank-you very much. This works well.

  1 user thanked author for this post.

  JS

  

  neddyboy

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  03/12/2025 at 9:54 AM #244851
  VinzentVega

  neddyboy wrote:

  Thank-you very much. This works well.

  I tried it in various underluyings and different timeframes. The results are bad. In which one do you tried it?

  

  VinzentVega

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  03/17/2025 at 9:10 AM #244973
  neddyboy

  It was designed for GBP/USD on a 30 min chart. It’s by no means a final strategy and would reply on other confirmations.

  

  neddyboy

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  03/17/2025 at 9:22 AM #244974
  neddyboy

  Hi everyone,

  So I’ve been playing around with this Heikin Ashi Strategy and made a few adjustments. The strategy is to run on a 30 min GBP/USD chart but I’ve attempted to change the code to exit using the 5 min TF to get more precise exits.

  I’m trying to get it to add orders if the price moves against and the initial conditions are met again. I’ve been somewhat successful but it seems to add several positions 5 mins apart and not when the original conditions are met again.

  Can anyone adjust the code to get this to work, I’m struggling.

  Thanks
  Jim

  Heikin Multi Position MTF Strategy

  DEFPARAM CUMULATEORDERS = true DefParam PreLoadBars=1000 TIMEFRAME(30mn) ONCE LongSignal = 0 ONCE ShortSignal = 0 BollingerMiddle = Average[20](Close) BollingerUpper = BollingerUp[20](Close) BollingerLower = BollingerDown[20](close) //Heikin Ashi Candle calc haClose = (Open + High + Low + Close) / 4 If BarIndex=0 then haOpen = Open else haOpen = (haOpen[1] + haClose[1]) / 2 EndIf haHigh = max(High, max(haOpen, haClose)) haLow = min(Low, min(haOpen, haClose)) //Trigger possible long if haClose[1] < BollingerLower[1] then LongSignal = 1 endif //Trigger possible short if haClose[1] > BollingerUpper[1] then ShortSignal = 1 endif //Enter long on first green heikin candle after trigger if LongSignal = 1 and haClose > haOpen then Buy 1 Contracts at Market LongSignal = 0 endif //Enter short on first red heikin candle after trigger if ShortSignal = 1 and haClose < haOpen then SellShort 1 Contracts at Market ShortSignal = 0 endif //Add long positions if on the market and conditions met again IF LONGONMARKET and LongSignal=1 and haClose > haOpen then Buy 1 Contracts at Market LongSignal = 0 endif //Add short positions if on the market and conditions met again if SHORTONMARKET and ShortSignal = 1 and haClose < haOpen then SellShort 1 Contracts at Market ShortSignal = 0 endif TIMEFRAME(5mn) //If one position open and close crosses bollinger middle exit market. If LONGONMARKET and COUNTOFPOSITION=1 and close CROSSES OVER BollingerMiddle THEN SELL AT MARKET ENDIF //If one position open and close crosses bollinger middle exit market. IF SHORTONMARKET and COUNTOFPOSITION=-1 and close CROSSES UNDER BollingerMiddle THEN EXITSHORT AT MARKET ENDIF //If multiple positions open exit when close is weighted position price + 5 points If COUNTOFPOSITION > 1 THEN If Close >= POSITIONPRICE + 5 THEN SELL AT MARKET ENDIF ENDIF //If multiple positions open exit when close is weighted position price + 5 points If COUNTOFPOSITION < -1 THEN If Close <= POSITIONPRICE - 5 THEN EXITSHORT AT MARKET ENDIF ENDIF

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  DEFPARAM CUMULATEORDERS = true DefParam PreLoadBars=1000   TIMEFRAME(30mn)   ONCE LongSignal = 0 ONCE ShortSignal = 0   BollingerMiddle = Average[20](Close) BollingerUpper = BollingerUp[20](Close) BollingerLower = BollingerDown[20](close)   //Heikin Ashi Candle calc haClose = (Open + High + Low + Close) / 4 If BarIndex=0 then haOpen = Open else haOpen = (haOpen[1] + haClose[1]) / 2 EndIf haHigh = max(High, max(haOpen, haClose)) haLow = min(Low, min(haOpen, haClose))   //Trigger possible long if haClose[1] < BollingerLower[1] then LongSignal = 1 endif   //Trigger possible short if haClose[1] > BollingerUpper[1] then ShortSignal = 1 endif   //Enter long on first green heikin candle after trigger if LongSignal = 1 and haClose > haOpen then Buy 1 Contracts at Market LongSignal = 0 endif   //Enter short on first red heikin candle after trigger if ShortSignal = 1 and haClose < haOpen then SellShort 1 Contracts at Market ShortSignal = 0 endif   //Add long positions if on the market and conditions met again IF LONGONMARKET and LongSignal=1 and haClose > haOpen then Buy 1 Contracts at Market LongSignal = 0 endif   //Add short positions if on the market and conditions met again if SHORTONMARKET and ShortSignal = 1 and haClose < haOpen then SellShort 1 Contracts at Market ShortSignal = 0 endif   TIMEFRAME(5mn)   //If one position open and close crosses bollinger middle exit market. If LONGONMARKET and COUNTOFPOSITION=1 and close CROSSES OVER BollingerMiddle THEN SELL AT MARKET ENDIF   //If one position open and close crosses bollinger middle exit market. IF SHORTONMARKET and COUNTOFPOSITION=-1 and close CROSSES UNDER BollingerMiddle THEN EXITSHORT AT MARKET ENDIF   //If multiple positions open exit when close is weighted position price + 5 points If COUNTOFPOSITION > 1 THEN If Close >= POSITIONPRICE + 5 THEN SELL AT MARKET ENDIF ENDIF   //If multiple positions open exit when close is weighted position price + 5 points If COUNTOFPOSITION < -1 THEN If Close <= POSITIONPRICE - 5 THEN EXITSHORT AT MARKET ENDIF ENDIF

  

  neddyboy

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  03/17/2025 at 10:26 AM #244979
  Niklas87

  If you have CUMULATEORDERS = true it will keep adding to your order when conditions are true.

  Shuld add “not onmarket” to your first buy/sell short Conditions on row 34 and 40.

  Also, what are you trying to do on the block starting on row 77?

  COUNTOFSHORTSHARES is the comand for short postions, and COUNTOFPOSITION cant be a negative value.

  

  Niklas87

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  03/17/2025 at 11:56 AM #244982
  JS

  The strategy can open positions every 5 minutes because the different conditions are out of sync…

  Try these…

  (CountOfPosition can be both positive and negative)

  Heikin Ashi Strategy v2

  DEFPARAM CUMULATEORDERS = true DefParam PreLoadBars=1000 TIMEFRAME(30mn) ONCE LongSignal = 0 ONCE ShortSignal = 0 BollingerMiddle = Average[20](Close) BollingerUpper = BollingerUp[20](Close) BollingerLower = BollingerDown[20](close) //Heikin Ashi Candle calc haClose = (Open + High + Low + Close) / 4 If BarIndex=0 then haOpen = Open else haOpen = (haOpen[1] + haClose[1]) / 2 EndIf haHigh = max(High, max(haOpen, haClose)) haLow = min(Low, min(haOpen, haClose)) //Trigger possible long if haClose[1] < BollingerLower[1] then LongSignal = 1 endif //Trigger possible short if haClose[1] > BollingerUpper[1] then ShortSignal = 1 endif //Enter long on first green heikin candle after trigger if LongSignal = 1 and haClose > haOpen then Buy 1 Contracts at Market LongSignal = 0 // Reset trigger endif //Enter short on first red heikin candle after trigger if ShortSignal = 1 and haClose < haOpen then SellShort 1 Contracts at Market ShortSignal = 0 // Reset trigger endif //Add long positions only if initial conditions met again if LONGONMARKET and haClose[1] < BollingerLower[1] and haClose > haOpen then Buy 1 Contracts at Market endif //Add short positions only if initial conditions met again if SHORTONMARKET and haClose[1] > BollingerUpper[1] and haClose < haOpen then SellShort 1 Contracts at Market endif TIMEFRAME(5mn) //Exit if single position and close crosses Bollinger middle If LONGONMARKET and COUNTOFPOSITION=1 and close CROSSES OVER BollingerMiddle THEN SELL AT MARKET ENDIF If SHORTONMARKET and COUNTOFPOSITION=-1 and close CROSSES UNDER BollingerMiddle THEN EXITSHORT AT MARKET ENDIF //Exit if multiple positions when price reaches weighted entry + 5 points If COUNTOFPOSITION > 1 THEN If Close >= POSITIONPRICE + 5 THEN SELL AT MARKET ENDIF ENDIF If COUNTOFPOSITION < -1 THEN If Close <= POSITIONPRICE - 5 THEN EXITSHORT AT MARKET ENDIF ENDIF GraphOnPrice BollingerMiddle GraphOnPrice BollingerUpper GraphOnPrice BollingerLower GraphOnPrice PositionPrice

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  DEFPARAM CUMULATEORDERS = true DefParam PreLoadBars=1000 TIMEFRAME(30mn) ONCE LongSignal = 0 ONCE ShortSignal = 0 BollingerMiddle = Average[20](Close) BollingerUpper = BollingerUp[20](Close) BollingerLower = BollingerDown[20](close) //Heikin Ashi Candle calc haClose = (Open + High + Low + Close) / 4 If BarIndex=0 then haOpen = Open else haOpen = (haOpen[1] + haClose[1]) / 2 EndIf haHigh = max(High, max(haOpen, haClose)) haLow = min(Low, min(haOpen, haClose)) //Trigger possible long if haClose[1] < BollingerLower[1] then LongSignal = 1 endif //Trigger possible short if haClose[1] > BollingerUpper[1] then ShortSignal = 1 endif //Enter long on first green heikin candle after trigger if LongSignal = 1 and haClose > haOpen then Buy 1 Contracts at Market LongSignal = 0  // Reset trigger endif //Enter short on first red heikin candle after trigger if ShortSignal = 1 and haClose < haOpen then SellShort 1 Contracts at Market ShortSignal = 0  // Reset trigger endif //Add long positions only if initial conditions met again if LONGONMARKET and haClose[1] < BollingerLower[1] and haClose > haOpen then Buy 1 Contracts at Market endif //Add short positions only if initial conditions met again if SHORTONMARKET and haClose[1] > BollingerUpper[1] and haClose < haOpen then SellShort 1 Contracts at Market endif TIMEFRAME(5mn) //Exit if single position and close crosses Bollinger middle If LONGONMARKET and COUNTOFPOSITION=1 and close CROSSES OVER BollingerMiddle THEN SELL AT MARKET ENDIF If SHORTONMARKET and COUNTOFPOSITION=-1 and close CROSSES UNDER BollingerMiddle THEN EXITSHORT AT MARKET ENDIF //Exit if multiple positions when price reaches weighted entry + 5 points If COUNTOFPOSITION > 1 THEN If Close >= POSITIONPRICE + 5 THEN SELL AT MARKET ENDIF ENDIF If COUNTOFPOSITION < -1 THEN If Close <= POSITIONPRICE - 5 THEN EXITSHORT AT MARKET ENDIF ENDIF   GraphOnPrice BollingerMiddle GraphOnPrice BollingerUpper GraphOnPrice BollingerLower GraphOnPrice PositionPrice

   

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  JS

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