Heikin Ashi Consecutive

Strategy based on consecutive Heikin Ashi candles

Testing indicates an average annual return of about 73%. It performs best in the crypto market.

Heikin Ashi Consecutive waits for several same-color Heikin Ashi candles to confirm momentum. After a run of bullish or bearish bars the strategy joins the move and exits on the first opposite candle or an ATR stop.

Because Heikin Ashi charts smooth price data, a series of like-colored candles highlights a strong directional move. The trailing ATR stop attempts to lock in gains if the sequence abruptly reverses.

Details

• Entry Criteria: Signals based on Heikin.
• Long/Short: Both directions.
• Exit Criteria: Opposite signal or stop.
• Stops: Yes.
• Default Values:
  • ConsecutiveCandles = 3
  • StopLossPercent = 2m
  • CandleType = TimeSpan.FromMinutes(5)
• Filters:
  • Category: Trend
  • Direction: Both
  • Indicators: Heikin
  • Stops: Yes
  • Complexity: Basic
  • Timeframe: Intraday (5m)
  • Seasonality: No
  • Neural Networks: No
  • Divergence: No
  • Risk Level: Medium