How to Do Forex Scalping with Heikin Ashi Candles

Question about how Heiken-Ashi candle CLOSE price is calculated

Not specific to forex, but there are a lot of smart people here who know charts really well.
I find I like Heiken-Ashi charts, and the open, high, and low prices seem easy. Open is just half way between open and close of previous candle. High and low are the same as for regular candles.
The close price though is the average of open, high, low, and close. What I don't understand though is how the close price can be calculated if the close price itself is used within the calculation. Isn't that just the same as the average of high, low, and open? There's gotta be something obvious I'm not seeing. Hopefully someone here can help me. Thanks in advance!
submitted by maccam912 to Forex [link] [comments]

EASY FOREX BEGINNER STRATEGY USING HEIKIN ASHI! How to trade the Heiken Ashi RSI strategy - 100+ PIPS EASY ... Easy Heiken Ashi Forex Strategy Easy Forex Strategy  Harmonic Scanner w/ Heikan Ashi ... MOST PROFITABLE 5 Min Heiken Ashi Trading Strategy for ... A SIMPLE FREE HEIKEN ASHI TRADING TECHNIQUE How to build up a simple forex strategy with Heiken Ashi ... Most Effective Heikin-Ashi Strategies For Scalping & Day ... Easy MT4 Trading System : Heiken Ashi : MACD How to Easily Use Heiken Ashi Candles in a Trading ...

Indicator: Heiken-Ashi Smoothed set to 2-3-6-2. Trading System: Entry: 0000 GMT (7:00 PM Eastern time). Enter in direction of previous Heiken-Ashi candle (blue=long, red=short) Stop Loss: 50 pips Take Profit: 55 Pips Money management: Start with .10/pip (1000 units at Oanda) or micro lot for every $3,000.00. double up on every loss, maximum 5 losses Backtesting: I have backtested this system Heiken Ashi with Trend CCI System; Heiken Ashi Kuskus Scalping System; Heiken Ashi Ma T3; Heiken Ashi Exit with MA ; Heiken Ashi MA T3 New Indicator; Heiken Ashi Indicator; Heiken Ashi Trading Sistema; Heiken Ashi Smoothed & BBsqueeze; Heiken Ashi 2xCCI & MA Swing MTF; 4 Time Frame Heiken Ashi; Simple Forex System; Simple Forex Trading System; Simple Forex Trading Template; Simple Renko System Stochastic is my favourite indicator. It is really simple to use. Now, note down the basics of Stochastic Indicator: If the Red line is more clear and is above 70 it indicates the overbought level ; Similarly, If the green line is more clear and is below 30 it indicates Oversold level; Now, combine the golden rules of Heiken Ashi and Stochastic Indicator: What is Heikin Ashi? Heikin-Ashi, also called Heiken-Ashi, is translated as an “average bar” in Japanese. The Heikin Ashi strategy is a useful tool used in identifying market trends and predicting the future prices of assets. The Heikin Ashi can be used alone or in conjunction with candlestick charts. With Heiken Ashi Indicator you can detect trends easy and spot buying/selling opportunities at a glance! Heiken Ashi Candlesticks are offshoot from Japanese candlesticks. Heikin-Ashi Candles use the open/close values from the prior period and the open-high-low-close values from the current period to create a special Haiken Ashi Candle. The Heikin-Ashi Trading Strategy. In this strategy, I used historical data from the EUR/USD pair on the 4-hour timeframe. The historical data was from 2000 – 2014. The strategy I backtested is: Trade Long when Heikin-Ashi turns positive and MACD is below 0; Trade Short when Heikin-Ashi turns negative and MACD is above 0; Close Long when Heikin Understanding Forex Heikin Ashi Candles. A rough translation from Japanese quickly tells us that Heikin stands for “average” and Ashi for “pace.” Hence, average pace is what a Heikin Ashi candles chart shows. Obviously, the average pace of prices. The main Japanese contribution to technical analysis came with the introduction of the candlesticks chart. Up to the candlesticks charts NOTE: TV won't let me post a 1 minute chart so I posted a 15, but this is intended for the 1m. Every beginner wants to trade the 1m chart. Yet most advanced traders cannot do so. There are several problems with trading the 1m. Firstly, most minor swings on the 1m do not go far enough for a minimum scalp. Second, it is easy to get lose track of the bigger picture. Simple Heiken-Ashi Forex Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template. The essence of this forex system is to transform the accumulated history data and trading signals. Simple Heiken-Ashi Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Based on this Simple Heikin-Ashi Forex Trading Strategy (or any other market) We’ve determined the reasons why HA may be considered superior to Japanese candles so let’s take those reasons and design a trading system around them. RELATED 5 SMA With 5 RSI Forex Trading Strategy. We will use the standard pullback trading technique and use the colors of the Heikin Ashi candles as well as the shadows to

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