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Heiken Ashi

This Heiken Ashi indicator for MetaTrader has been improved with a moving average band, very useful to determine the levels where the price might reverse or breakthrough and change the trend. When trading with the trend, you probably want to buy above or when the price leaves the EMA band rising up, or sell when the price is below the EMA band or drops below it, and proceed with caution when the price stalls within the bands.
It is worth to mention that the Heiken Ashi candles are mainly used to remove the normal candles' distractions, especially when the price forms small consolidation zones and the trader is tempted to enter a trade based on the candlestick color.
You can download this Metatrader indicator free from here.

Heiken Ashi Expert Advisor

The RobotFX Heiken Ashi expert advisor is an all-in-one trading solution for traders trading with the trend, so we can safely say that the Heiken Ashi expert advisor is a trend trader. It can detect the trend - if the trader chooses so - and trade accordingly, meaning that the EA will only buy if the trend is up and/or only sell if the trend is down. The trend itself is decided by the Heiken Ashi color on the higher or current timeframes. It should be noted however that the trend detector can also be disabled and that the Heiken Ashi EA can be allowed to trade by simply following the Heiken Ashi signals on the current timeframe.

To better understand better how this trend trader with hedging abilities works, please take a look at the picture below.
In the trading chart above, the Heiken Ashi is in uptrend on H1 and H4, meaning that the Heiken Ashi color is green (up) on both of these timeframes. The type of Heiken Ashi candles can be customized by the trader, who has the possib…