Trend Following Systems, Free Forex Systems (MT4)

Heiken Ashi Smoothed BBsqueeze

Heiken Ashi Smoothed BBsqueeze takes care of everything you need to know about the market trend before initiating the trade entries. It applies MA-crossover methods and multiple trend-filtering systems to produce trade signals with a greater probability of success.

This trading system can be applied to trade all kinds of forex currency pairs available around the market. Moreover, this trading system is quite adjustable to all sorts of time frame charts within the MT4 forex trading platform.

Heiken Ashi Smoothed BBsqueeze Overview

Once you’re done with the installation of the system at the MT4 terminal, your chart will appear like the image below:

Heiken Ashi Smoothed BBsqueeze

Also Read: Heiken Ashi Exit Indicator

Heiken Ashi Smoothed BBsqueeze: Explanation

Heiken Ashi Smoothed BBsqueeze Indicators
  • 7 MA and 21 EMA: Both these moving averages are used to plot the crossover signal that indicates the possible direction of the market trend. 7 MA moves above 21 MA mean the bullish crossover, 21 EMA moves above 7 MA represents the bearish crossover signal of the market trend. For better understanding, the crossovers are demonstrated using up/downward arrows.
  • Skdon TrendSig: This indicator is a combination of Heiken Ashi and a 21-day simple moving average. For the bullish trend, the price must be closed above its levels. Contrarily, price closes below the indicator level signals for the bearish trend of the market.
  • Cynthia BBsqueeze: It plots colored bars and also includes RSX slope in order to signal the market momentum. The indicator value turns positive with RSX above its bars when the momentum is bullish. On the other hand, its value turns negative and RSX moves below the bars represent the bearish momentum of the market.

Heiken Ashi: Buy Conditions

Heiken Ashi Smoothed BBsqueezen Buy signal
  • 7 MA moves above 21 EMA
  • Price closes above Skdon TrendSig levels
  • Cynthia BBsqueeze turns positive with RSX holding above the bars
  • Buy triggers when the above conditions are met
  • Set stop loss below the Skdon TrendSig levels
  • Exit long/take profit whenever 7 MA moves below the 21 EMA

Heiken Ashi: Sell Conditions

Heiken Ashi Smoothed BBsqueeze Sell Signal
  • 21 EMA moves above 7 MA
  • Price closes below Skdon TrendSig levels
  • Cynthia BBsqueeze turns negative with RSX remaining below the bars
  • Sell triggers when the above conditions are met
  • Set stop loss above the Skdon TrendSig levels
  • Exit short/take profit whenever 7 MA moves above the 21 EMA

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

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About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
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