Heiken Ashi Zone Trade Forex Scalping Strategy

The Heiken Ashi Zone Trade forex strategy is a strategy that uses a new version of the Heiken Ashi indicator.

The Acceleration/Deceleration Oscillator (AC) and Awesome Oscillator (AO) is integrated into it to be able to spot favorable trading zones.

Once this zone(s) are spotted, the 1SSRC indicator is used to further support buy and sell signals on the HeikenAshiZoneTrade.ex4 custom indicator.

This is a very nice strategy for forex scalping and day trading, however, it can be used for swing and position trading as well.

Chart Setup

MetaTrader 4 Indicators: HeikenAshiZoneTrade.ex4 (default setting), 1SSRC.ex4 (default setting

Preferred Time Frame(s): 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, Daily, Weekly

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download Heiken Ashi ZoneTrade Forex Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy in the market if the following rules or conditions are true:

  1. If the HeikenAshiZoneTrade.ex4 custom indicator forms RoyalBlue candles like bodies superimposed on the candlesticks, it is an indication that price is being pressured upwards i.e. a bullish trend.

The grey colored HeikenAshiZoneTrade.ex4 candle-like bodies are indicative of a range bound market, but we decided to remain in the market in line with “rule 2.”

  1. If the lime colored line of the 1SSRC custom indicator breaks above the 0.00 level, it is an indication of a bullish trend.

The trend is tagged extremely bullish when the lime colored line of the 1SSRC custom indicator breaks above the 0.9 level.

Stop Loss for Buy Entry: Place stop loss below immediate support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit on position(s) if the following rules hold sway:

  1. If the HeikenAshiZoneTrade.ex4 forms a red candle like body superimposed on the candlesticks, it is an indication that price is reversing i.e. an exit or take profit is advised.
  2. If the lime colored line of the 1SSRC custom indicator breaks below the 0.00 level, it is an indication of a trend reversal i.e. an exit or take profit is advised.

Sell Entry Rules

Initiate a sell in the market if the following conditions hold true:

  1. If the HeikenAshiZoneTrade.ex4 custom indicator forms red candles like bodies superimposed on the candlesticks, it is an indication that price is heading downwards i.e. a bearish trend.

The grey colored HeikenAshiZoneTrade.ex4 candle-like bodies are indicative of a range bound market, but we stayed in the trade as we watched the signal from the 1SSRC custom indicator.

  1. If the lime colored line of the 1SSRC custom indicator breaks below the 0.00 level, it is an indication of a bearish.

The trend is tagged extremely bullish when the lime colored line of the 1SSRC custom indicator breaks below the -0.9 level (as seen in Fig. 1.1).

Stop Loss for Sell Entry: Place stop loss above immediate resistance.

Exit Strategy/Take Profit for Sell Entry:

Exit or take profit on position if the following chart patterns are on display:

  1. If the HeikenAshiZoneTrade.ex4 forms a RoyalBlue candle like body superimposed on the candlesticks, it is an indication that price is reversing away from the current trend i.e. an exit or take profit is advised.

2. If the lime colored line of the 1SSRC.ex4 custom indicator breaks above the 0.00 level, it is an indication of a price reversal i.e. an exit or take profit is advised.

Sell Trade Example

Fig. 1.1

Free Download

Download The Heiken Ashi ZoneTrade Forex Strategy

About The Trading Indicators

The 1SSRC.ex4 custom indicator oscillates between -1.3 and 1.3, where levels below the -0.9 level indicates extremely bearish signals, while levels above the 0.9 level are indicative of extremely bullish signal.

The HeikenAshiZoneTrade.ex4 candlestick offers good buy, sell and range-bound zones in the market in line with its RoyalBlue, red and grey colored candlestick body respectively.

This improved Heiken Ashi trading indicator is smoothed due to its integration with the Acceleration/Deceleration Oscillator (AC) and Awesome Oscillator (AO).

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