Heiken Ashi EA V3.2 (MT4)
Original version, no bugs and no expiration
Designed and modified by the powerful Robot MQL team.
Overview
This EA trades using the Heiken Ashi Smoothed Indicator. It offers many trading scenarios and flexible position management settings, plus many useful features like customizable trading sessions, a martingale and inverse martingale mode.
Easy to use and supervise
It implements three different entry strategies
Customizable break-even, SL, TP and trailing-stop
Works for ECN/Non-ECN brokers
Works for 2-3-4-5 digit symbols
The EA implements the following entry strategies, that can be enabled or disabled at will:
Trade at trend color changes
Trade breakouts in the direction of the trend
Additionally, the EA implements four different behaviors:
Regular: Buy on bullish signals sell on bearish signals
Inverse: Sell on bullish signals and buy on bearish signals
Only Buy: Buy only and disregard bearish signals
Only Sell: Sell only and disregard bullish signals
Furthermore, it implements four different money management modes:
Trade manual lotsize: The EA will trade a fixed lotsize on each trade
Auto-calculation of lotsizes: The EA will risk % of the account on each trade
Martingale: The EA will double the lotsize after a losing trade
Inverse Martingale: The EA will double the lotsize after a winning trade
Boost your trading returns with the most flexible Heiken Ashi Smooth EA, like hundreds of users have already done!
Overview
Input parameters
When loading the expert to any chart, you will be presented with a set of options as input parameters. Don’t despair if you think they are too many, because parameters are grouped into self-explanatory blocks.
Heiken Ashi Smoothed
This parameter group holds the Heiken Ashi Smoothed settings.
Trading Settings
Enable or disable trading setups and directions.
Session Settings
Enable or disable trading for the Assian, European or American sessions.
Position Management
This group of settings applies to trading decisions and trade management. You can select trading direction, break-even in pips, trailing-stop in %, trailing-step in pips, stop-loss in pip and take-profit in pips. Optionally, trades can be closed on opposite signals.
Money Management
In this settings block you can set the lotsize for the first trade, or allow the EA to calculate it by itself. It also implements a martingale behavior. Entering a manual lot size is recommended.
EA Settings
You can select the magic number for the trades, custom comment and manual pip value if you need to override the one the default one. Do not change these unless you know what you are doing.
loss and trade it as a reversal system?
Yes, you can!
Does the EA use tick data?
No, it does not. It uses only HLOC data from the current chart.
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Copyright 2025
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