What currency pair and timeframe does the Average Line (Heikin-Ashi-like indicator) work for? (Technical Validation Series)
Heikin-Ashi is one of the indicators that comes standard with MT4.
This time, under the following conditions,
we will verify which currency pair and timeframe it works for.
This time, under the following conditions,
we will verify which currency pair and timeframe it works for.
We produced and tested an Expert Advisor that continuously takes long positions using only Heikin-Ashi.
The results were as follows.
Among these, this time we focused on this currency pair and timeframe.
And by analyzing from various angles, an EA with an upward-sloping equity curve was created.
This EA is still in development, and if it improves further, we will sell it.
To wrap up words...
Heikin-Ashi should be used on GBP/JPY with a 4-hour timeframe!
I hope this will be helpful to everyone.
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