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jhgcfmkl
Jun 29, 2020 11:27 AM

UK100 LONG - WEEKLY timeframe - modified Heiken Ashi strategy Long

FTSE 100 index of UK listed sharesFXCM

Description

Using a modified Heiken Ashi system whereby one enters long or short at the next bar based on the body of the previous completed bar, even if it is a doji. A more traditional HA strategy takes a directional position following a trending candle. This modified strategy is more aggressive and more mechanical meaning one does not perform a full analysis of the instrument in addition to following the strategy rules.
In this trade the body of last week's HA candle was green therefore we enter long at the open. Stop goes beyond the local low. This constitutes 1 risk unit. An approximate target is set at 2.5 risk units.
Comments
jhgcfmkl
Stopped out, -1R
jhgcfmkl
Yes. Paper trade
jdunners
Did you enter?
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