Heiken Ashi based EA – expert for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • The Expert Advisor is based on Heiken Ashi indicator.

    Suitable pair and timeframe: EURAUD — H1

    Strategy Tester Report
    MetaQuotes-Demo (Build 294)
    Period:H1 (2010.07.18 – 2010.07.24)
    Broker:MetaQuotes Software Corp.
    Initial Deposit:3 000.00
    Total Net Profit:-2 047.37Gross Profit:1 174.25Gross Loss:-3 221.62
    Profit Factor:0.36Expected Payoff:-292.48
    Recovery Factor:-0.37Sharpe Ratio:-1.62
    Balance Drawdown:
    Balance Drawdown Absolute:2 047.37Balance Drawdown Maximal:2 627.45 (73.39%)Balance Drawdown Relative:73.39% (2 627.45)
    Equity Drawdown:
    Equity Drawdown Absolute:2 301.38Equity Drawdown Maximal:5 472.90 (88.68%)Equity Drawdown Relative:88.68% (5 472.90)
    Total Trades:7Short Positions (won %):5 (40.00%)Long Positions (won %):2 (0.00%)
    Profit Trades (% of total):2 (28.57%)Loss Trades (% of total):5 (71.43%)
    Largest profit trade:1 031.31Largest Loss Trades (% of total):-891.96
    Average profit trade:587.13Average Loss Trades (% of total):-644.32
    Maximum consecutive wins ($):1 (1 031.31)Maximum consecutive losses ($):3 (-2 558.97)
    Maximal consecutive profit (count):1 031.31 (1)Maximal consecutive loss (count):-2 558.97 (3)
    Average consecutive wins:1Average consecutive losses:2
    Heiken Ashi based EA
  • 1. Open MT5 trading software – “File” – “Open Data Folder” in the upper right corner
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  • 2, find the “MQL5” folder – “Experts”, put the EA in this folder
  • 3, need to refresh or restart the trading software to display EA, find “EA” in “Navigation” – “EA Trading”
  • 4, find the EA you need to use, right click the mouse, select “attach to the chart” (additional chart: EA uses the currency to be linked, if you need to hang Europe and America, please attach to the AUDUSD chart)
  • 5. After adding the chart, set the EA parameter. In the “Common” option, select “Multi-empty position” and check the box in front of “Allow real-time automatic trading”
  • 6, in the “input parameters”, set the relevant parameters, generally modify the number of single hand, jiacang distance, loss ratio, 10,000 US dollars according to the minimum parameter settings, after setting “confirm
  • 7. After setting the EA parameters, start the EA. In the “Tools” – “Options” – “EA” – check “Allow DLL import” to confirm
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