Trend Following Systems, Free Forex Systems (MT4)

HeikenAshi Trend Continuation Strategy

HeikenAshi Trend Continuation Strategy is the magic of two indicators that produce enormous successful trading results over the years. It is a complete trend-following forex trading system that covers trend detection, market-entry, and exit points for its users.

HeikenAshi Trend Continuation Strategy can be applied to trade all kinds of forex currency pairs. Besides, it suits all sorts of timeframe charts. Because of its simplicity of use and easy signal reading method, newbie trend-based trades can also be benefited by applying it on their trading charts.

HeikenAshi Trend Continuation Strategy Overview

After the installation of the HeikenAshi Trend Continuation Strategy at your forex MT4 platform, your trading chart will appear like the following image: 

HeikenAshi Trend Continuation Strategy
Time FrameCurrency PairsIndicator FactorsRatings
AnyAny29.8/10

HikenAshi Trend Continuation Strategy Anatomy

HeikenAshi Trend Continuation Strategy Anatomy]
  • HeikenAshi: A very popular forex trend identifying indicator. It is plotted vvery close to the price bars. It turns green when the trend is bullish. For a bearish trend confirmation, HeikenAshi must be turned red.
  • 100 EMA: It is a 100-day Exponential Moving Average. It is used to identify the intraday forex trends of the market. Price closes above the 100 EMA level when the trend is bullish and an opposite scenario represents the bearish trend confirmation.

HeikenAshi Trend Continuation Strategy: Buy Parameters

HeikenAshi Trend Continuation Strategy Buy
  • HeikenAshi turns green
  • Price closes as a bullish bar above the 100 EMA level
  • Buy triggers whenever the above conditions are met
  • Set stop loss below the 100 EMA level
  • Exit long/take profit whenever the HeikenAshi turns red

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HeikenAshi Trend Continuation Strategy: Sell Parameters

HeikenAshi Trend Continuation Strategy Sell
  • HeikenAshi turns red
  • Price closes as a bearish bar below the 100 EMA level
  • Sell triggers whenever the above conditions are met
  • Set stop loss above the 100 EMA level
  • Exit short/take profit whenever the HeikenAshi turns green

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I have been actively trading stocks and currencies since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund which 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.