Heiken Ashi Trading Strategy - Forget What You've Heard
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- Опубліковано 2 лип 2024
- No matter how you spell it, there's only one good way to use the Heiken Ashi indicator, and it's not the one you've heard before.
Heiken Ashi candlesticks are bad for trade entries, but still very useful if done right. This video shows you how.
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The information on this channel is worth millions (literally) but it’s free. How good is the time we live in. Thanks VP!
Wooow that's brilliant!!! Using one indicator to test another indicator, amazing. Thank you VP
one day if you make a book about these informations that you are giving....its gonna be the most selling book of forex of all time
I might hafta Grab that *Book.*
"The big merge" that's what the title should be, why? He does a good job at putting many things together in a thought provoking way
I can’t imagine how good your protocol must be after ten years. Every day mine gets a little better but that’s only because I found your channel. I owe you VP!
OMG. I was literally trying this indicator last week and tossed it out since it was terrible at trade entries. No one in the forex space is ever mentioning the information you tell us. Thanks
1.) Perform Analysis
2.) Look for Signal.
3.) Enter Market with a 1.5X ATR Based Stop
a.) Project Target based on Structure.
5.) Manage trade with Heikin Ashi.
Sounds simple but it took me years to figure out. Now my fucking strategy works.
I was going to look at the line chart. But stubbled on HA. Backtested and almost cried.
Now time to refine and add precision. And scaling.
my strategy has this aspects as well, and it also works very well.. I am also very happy, and because of it I even began to learn how to code MQL5, because it can be automated.. but I prefer M30 timeframe, instead of D1.. and VP doesn't like CCI and he said it isn't good..... but it is one of my favorites and for me it works Really well, to find trends/the right momentum.. I really don't know why he doesn't talk about a combination of 2 CCI's, and how it would work when it is used with more periods; at least 50 periods.. it is a pity that he underestimated this indicator.. now other traders will think that it isn't good, but that is Very good.. -.-
Hello KING. I do not expect the answer, however I ask: could you share some advices? I know, you spent years... Honor for You! I am not a trader, however, testing a demo platform now, nothing to do during retiremet.... maybe?
@@Ranteray good for you
last video I saw - "don't use heikanashi to exit trades as it lags behind realtime prices. use it to spot trends & enter trades"
this video - "don't use heikanashi to enter trades, use it to exit trades"
Me, a beginning trader - wtf?
it 's just a exemple of what you have to search in a exit indicador, probally a slow/legging one. i believe than Heikin is a good first option to start.
See ^ even you're confusing new traders lmfaoooooo
All he's saying is you can use the heikanashi as a exit indicator temporarily until you find a true exit indicator. Hes not saying its efficient or good even but having something to get you out before you take losses is better than nothing and just taking a loss. Which is a huge part of his winning mentality, the more losses you can eliminate with your algorithm and money management the more sound your system will be. Always look for indicators that will work better in your algo than what you have.
Im late to the party but use NO indicators. Just pure price action is the only way.
This video is how I found your work and I've been binging your videos ever since. Thank you!
you just make all other trading UA-cam videos look terrible, im glad I finally found you
Really thankful for taking the trouble to teach us how to figure out step by step. I can really tell you care ❤ 🙂 and I believe many of us are very appreciative.
now this is someone who actually cares about a retail trader's improvement
After 5 years these videos are still the best on the market! Love this channel.
Thank YOU! One more piece of the pie. Have a great one VP, found your channels and I am sending my reviews and likes where I can
AMAZING VIDEO VP.. I'VE BEEN LISTENING TO YOUR PODCASTS, I'VE WORKED THROUGH MOST OF BABYPIPS NOW I'M ON THIS MARATHON OF WATCHING YOUR VIDEOS FOR 7 HOURS A DAY AND TESTING THINGS OUT ON THE DEMO, I TOOK A FEW DAYS OFF FROM WORK JUST TO DO THIS, AND WILL DO 6 MONTHS TO 1 YEAR ON DEMO AS YOU SUGGESTED.. YOU ARE INCREDIBLE MAN.... I HOPE GOD REPAYS YOU FOR ALL YOUR EFFORT AND ALL YOU HAVE DONE FOR ALL OF US... YOU MAKE THINGS SIMPLER BRO... GOD BLESS YOU--- SHOUT OUT FROM LONDON.
I've only seen one other channel use Heikin Ashi as an exit. Great video as always , thanks VP.
Bro wtf !! I love this guy. People like you honestly deserve to win in life for you.
I programmed and tested all the things I heard others teaching and only a couple of strategies have performed well albeit with a 20% drawdown which is not good so I decided to look further and I really like the alternative approach to the indicators you provide. I plan to take all this information from this playlist and incorporate it into my system and measure the difference in performance. I like to see evidence something works even though I can already visually see this method of using indicators is better just from looking at the charts.
Hi,
My name is Sigal, from Israel.
Sorry in advance about English ...
I was exposed to the trade only about six months ago. I signed up for a course (in stocks) and then micro-contracted training of indexes and commodities.
Despite all the tools the course provides, something was missing ...
The feeling was that all of this description didn't quite fit when I thought deeply about what was being explained and the pace of daily trading was fast for me.
I started searching the web for completeness and extension of what I had already heard,
My desire was to isolate the "background noise" and to study the field as a new profession is systematically studied (since I am from another field in the profession, I studied chemistry / quality and safety).
And I want to thank you for the very special videos. You're the only one who says "the king is naked" - thank you.
You are on the right place and luckily very early
VP is my designated devil's advocate.if I still feel confident about a strategy after he shoots it down,I use it,if otherwise I don't bother with it.you are doing God's work here brother.thanks for this.
Great video. I am a SPY options trader. I use the Hienken Ashi daily candles as a trend reversal indicator only. Generally, it has given me 75- 85% accuracy. When a candle changes to green at close of day, I purchase on a ratio of 3 to 1, 6 to 2, or whatever I decide to invest. I generally buy in the money CALLS if long and one or to deviations out of the money with PUTS. I use ATR for profit targets. And I must say, my account is kicking ass! I am actually always in the market. I trade with the same mentality as the commercials and large fun traders do in the futures markets. When daily HK turns red, I stay net sort visa versa. I am now so used to trading both long and sort I can now turn bad trades into good trades. NO STOPS! I do not even care what the algos are doing. Or where they are being activated. No support levels. At the same time, nothing is perfect in trading. It's how you manage your losing trades and risk management that matters most.
Best regards,
Chris
Some people really over complicate charts with like 10 different oscillators, trends etc this channel is like a breath of fresh air and made me relieved that I wasn't the only one trying to simplify my charts!
Make no mistake, we use quite a few oscillators here. But the result ends up being something wonderfully simple.
First off VP is not teaching you a course stop looking for a clear path. He giving you crubs to help you learn to fish. He will not give you the fish even if you are upset or paying. You gotta man up and fill in the blanks. Ask the right question not to VP but the charts and GOOGLE.
Google is my mentor
so great to use heikin ashi initially to give you the indication of when to go to candles and see bullish/bearish bars and make the entry!
Again coming through with the trading gains! thanks VP!
Thank you for showing the strength of this indicator, I used to use it a lot before but stopped when I saw better entry indicators. Learning a lot from your channel. Starting from scratch. More power to you. Mabuhay ka brad!
i didnt even know that existed exit indicators, thank got my brother mentioned your channel to learn more about something that is so dificult to find, we'r both beginners but one day.. oh man one day.. thanks a lot for your hard work, cheers
really useful because I was struggling to understand how I measure any exit indicator and whether it is better. This makes that part of my learning clearer with much more structure. Thank you.
People here comment asking for his algorithm to be for sale.
Let it be known that even if it was for sale - most of you can't afford it.
Also, if you could afford it, you are probably doing well in life regardless.
This attitude will get you nowhere.
Reporting back with my first test on heiken ashi as exit:
2 years backtest:
Obvious pip saved = 448
Bad exit = 24 times ( exit before TP1 or late exit signal )
Note =Ignore pips that could have been won/lost due to trailing stop ( Complicated to put this into equation ).
I will continue with my search - just hope my next exit indicator will beat this benchmark.
sunray hi have you found one better exit indicator?
Thanks, VP ! Superb as always ;)
VP, love your trading videos. I know you said you don’t care how this is correctly pronounced, but for those who are wondering: “hey-keen ah-she” and the literal translation is “average feet”. Thanks for the tips. I haven’t considered using this particular indicator previously, but will try it out until I find the exit indicator I am satisfied with. Cheers.
I'm a Heikin Ashi Fan, and it has helped me a lot with my ES trading.
Excellent video. No shortcuts for putting in the work and figuring out your own complete system and not just relying on one indicator that can give a lot of false signals.
Great video man! Very well explained and kept me awake
Tested it out on stocks, for anyone trading stocks exclusively or alongside forex, take a look at lower time frames- this one is for sure a mess on a daily chart but not necessarily on a hourly chart.
Really can not repay you; I do pray for you and will continue to do so, you have been a big help and you are honestly my mentor in forex and teacher. All the best to you and may God Almighty bless you that you might also share in my blessings as I am sharing in yours in the name of my Lord Jesus VP.
Amen to that.
amen
God bothering
Most inspirational teacher, you give me hope, thank you
everyone leave the bad comments alone. This guy is here to help us simple cut the nonsense lol
I have been over indulging in the course, and I was seeing doubles by the time I got to the Heikin Ashi, but was bent on listening to this one. I expected it to come out with higher kudos. I was hoping I could eek out more confidence from you to use it as an exit indicator. But it went in as a prince and came out on the other side as a pauper.
It's a good thing I have a few other candidates for the exit indicator. I may still use it as a reference point for the other ones.
I really appreciated what you said, at around 16:00, about whilst this not being the indicator a professional would use that it is a good stepping stone, worthy of recognition, on the way to learning what is a better indicator. That's a deeply respectful and conscientious view.
Man i really appreciate everything you have done, your definitely made for this.. this is your calling
Should of waited to ask that question Vp. But your answer proved right. Thank you. Future Killer!!!🤘
It is exactly the video I need at this time. Amazing!! Thank you!!
I like how bluntly or brutally honest your videos are. As a feedback, I use HA frequently in certain combinations of other indicators as well as keeping fundamentals and price action in consideration. I have some rules. Which almost every "expert" will dismiss. However, it is pleasure learning from your tutorials.
Awesome review, thank you!
Never head anyone suggest you enter on green and exit on red, but hey, I wouldn't be surprised. It's most often used in confluence with at least one or more other indicators, etc.
Great video VP!
You have it spelled right in the video thumbnail. It is frequently misspelled "heiken," which means military authority. "Heikin," on the other hand, means average. Heikin is the correct Romanized spelling, but absolutely no native English speaker says it correctly. The correct way to say it would sound similar to "HEH-KEEN," not the "HAY-KEN" most English speakers use. In Japanese, that EI is a way of extending the EH sound, to make it sound longer. It's not a diphthong the way we use it in English, where EI makes the AY sound. Confusing, I know.
We similarly butcher the brand Honda. Correctly said, it sounds like "HONE-DAH," where HONE is like when you hone a knife or skill. But we say HAHN-DAH. Totally wrong, but the wrong pronunciation is permanently enshrined in our culture. It will never change. Oh well.
I'm sure you weren't looking for a Japanese lesson.
Great channel, by the way! I've enjoyed it immensely!
Loved when you said - “Fear not trader VP is here”
hi VP, I know its probably a long time you drop any new video on this channel, am new to trading since I stumbled on this channel my idea about forex trading is different, Am happy I got here now your content is top notch, hopefully after I go through everything my learning i dream will be halfway accomplished, all that will be left is my own hard work
I'm about to start forward testing (was going to be today but forgot had to be Friday night for that)
I've been using my exit as a continuation, and I think I became blind to the fact that it gets into too much chop thanks to this vid....
Evergreen content
love this indicator to make drawing support and resistance clearer...this is a great indicator to ease my anxiety while in a trade...
Seems your on the wrong side here: we are trend traders and we don't use SR in FX.
This video is gold. Thanks. Homie.
Good advise ..thanks !
GREAT STUFF, THANKS
Amazing videos by VP
Only one thing that Heikin Ashi is not an indicator
It’s just trend momentum candlesticks .
Hope VP agrees with me .
I am lucky to came across your videos!
Hi, I have a question, I would like to know the following. on the chart I use Heiken-Ashi, which makes a sail move up and down, and then quickly goes to another sail. The movement is people buying or selling among other markets, or if the person clicks up and down, in the binary option or Forex and etc. If that's what makes you move (a candle?)
For the algorithm, I believe exit indicator should be at number one because you should prioritise managing your open trades before looking to open new trades.
They aren't in any order, aftert the ATR
Hi VP, have you ever back tested scaling out, but leaving your stop in place, rather than moving it to BE after you take off 50%. I'd be interested, as in all my back tests. It's been more profitable to keep scaling out rather than moving you stop. I'll test out the Heikin Ashi method for my exits. Personally im trying to move to a weekly chart on my exits so I can ride the trend and avoid the noise.
Thanks, awesome lesson.
Listening to this raised an interesting question...is it only relevant as an exit indicator after only scaling out or is it also a good way to get out of a loosing trade that has not gone the direction of your first take profit.
What do you say about the Heiken Ashi smoothed besides the HA candles or do you not consider the HA smoothed at all? Or is there really any difference between them?
great vid obviously VP.
An interesting thing to do is turn your candlestick chart into a line chart and then stick a Hull MA(4) on it or whatever....possible exit indi.....on certain settings and on nice trends the macd can be great at exits.
Aye the comedy gold this man is presenting
Good stuff right here!
Let’s keep on liking and giving 5 start ratings to this guy. I want to give him money lol
Solid info :) Thank you Sir.
thanks I'm learning fast soon i will make some good strategy i hope so :)
nice job watched a lot of your videos now a lot of value in this
Awesome vid; I've subscribed. God Bless
"An absolute blood bath" lol I love your videos
I watch your UA-cam channel for a week and Respect, good deed VP, really stopped me from falling in mainstream traps and long term stupidity, but also from trading at all, could you please also tell why to do trading at all? or generally, add some motivation.
keep going VP u r the best
Sorry, but HA is so much more than you portray. I use it for entry, close, and managing the trade. Granted, I only use it for 4+ hour forex trades. For copper intraday trades, HA indeed failes miserably, and only a simple price LINE works for me. HA is the only indicator I use, and if used properly (with price line for true price action), can be very successful. And no, I DO NOT use its trend colors to make trades, it's entry and exit points go beyond candle colors.
You are simply giving people misguided information, regarding HA, in this video.
My MoM growth is all I need to see HA's potential and I couldn't be happier. But, I trade the first two hours of copper without using HA - just to point out that I was taught without indicators - and HA is the only indicator I can use with total confidence in forex.
Can you please explain about heikin ashi more?
Most of his videos are just based on his opinion, not facts.
Hi - What do you mean by "simple price LINE"? thnx.
@@obinnakenn Wrong. Experiance
3 Exit indicators ..... Chandelier indicator or Trailing stops, Hull Moving Average as a stop reversal indicator
..."Heiken Ashi!".........bless You.
great video, I don't think people even trade during those packed candles(side by side), just avoid that
From your opinion what is the better indicator can be used?
I’m always looking for simplicity. Eliminate what isn’t useful or eliminating any tool that confirms other tools twice. Too much data is like waiting for the stars to align. Focusing on the least tools for Buy, Sell, Hold decisions, eliminates confusion. 😀
You're right. This will be fun and a really different experience of what I've been doing for trading until now! Than k you very much VP
LETS GO!
thank you for your content
Never thought heiken ashi was good for anything ! Thanks VP .
Very helpful
Love The Visuals 🥸
Sir I like your approach and really helpful.
Great take-away from this video.
1. I dont need to backtest Heiken Ashi - save me the time to test it - Testing it on 2 pairs for 2 years period. Save the time for others.
2. I still havent got a exit indicator in my setup - still prioritizing my search on entry indicators. Well might as well use this first as benchmark.
sunray Might be Parabolic SAR for exits? Upon change of trend direction..
sunray hi which entry indicators have you tasted ? How they work? Tks for help
what about to combine Heiken Ashi with another indicator to filter the losing trade and pick up just the good one?
try it out!
fabulous video .......so deceiving using ha ............renko alongside normal candles with a volume divergence indicator and vp ssl indicator 90% win rate .....simple really
Volume divergence indicator? Where do I found one like that? And what do u mean by vp ssl indicator?
Right I play in this pool to a degree
You are a true forex trader thank you for opening my eyes 👀 😊
A good exit indicator is the lagging span of the ichimoku cloud.
right
Thank you
Reviewing the series, necessary to remind myself the various important basics to be successful.
Very nice video, would it make sense to actually watch a daily or 240 minute chart with the Heiken Ashi on it and enter and exit trades on a lower time frame such as 5 or 15 minute? So basically you watch the bigger general trend on the high time frame with the Heiken Ashi and do all the work on a smaller time frame?
Hallo Philip we don't trade any other chart than the daily.
Thank you for all the informative videos. He gives some really useful information. But I learnt that the best way to watch his videos since he talks really slowly is to increase the play speed to 1.5x or 1.75x. You would be surprised you would still hear what he says clearly at 2x play speed. You would be less frustrated that way and can focus on the juice.
I agree. I watch most videos on youtube at 2x speed and maybe drop to 1.5x-1.75x for some super fast speakers. I would also recommend this to everyone, as it allows you to absorb information much more effectively. You get used to 2x pretty quickly and 1x starts to sound like the speaker is drunk :)
@@scheterpiff2385 But I don't like to listen to chipmunks on serious matters. And my brain can't absorb the real meaning behind the words at an accelerated speed. Somebody once told me that he had doubled his speed reading by reading only every second page. That is what 2x playback sounds like to me. Forgive me coz I am over 60 and definitely slowing down a bit. Or I want to learn ALL of the teaching not just half of it
By the way, I read most of the comments in VP videos too, because there is more to learn from those comments as well. :-)
cant you see the candles look different on entry candles
Thanks for the video.
Should the heikin ashi be set to the same timeframe as the one you are trading on?
Hallo Gift Obey:Of course. We are trading only the daily chart
I disagree with this. I have used HA as a tool to enter and exit trades on the daily, but I only buy shares and sell, no shorting or options, and that works great. It works better with different stocks or currencies. $ADI and Eth are good for it. I don't believe you have to use more complicated or 5 indicators to make trades.
I'm going to get it