The Heiken Ashi MA T3 Indicator for MT4
The Heiken Ashi MA T3 Indicator is a custom Indicator that comprises of the Heiken Ashi candlesticks and moving averages.
Combining two of the most popular Indicators, the Heiken Ashi MA T3 Indicator plots visually over the price chart and shows trends in a smooth way.
The main highlight of this Indicator is that it also points to key reversal areas in prices.
Heiken Ashi MA T3 Indicator: When to Get into a Long Position
When Should You Get into a Long Position using the Heiken Ashi MA T3 Indicator
Long positions are taken when the trend is up.
It is ideal to go long when the alert appears, or when the green dot appears.
This indicates the start of a trend.
However, to be safe, always wait for the next candlestick to open before going long.
When to Exit Your Long Positions
You can exit long positions with a fixed risk to reward ratio or simply trail your stops until you get stopped out.
This second option works best during strong trending markets.
Alternately, you can exit once you see an opposite signal forming.
Heiken Ashi MA T3 Indicator: When to Get into a Short Position
When Should You Get into a Short Position using the Heiken Ashi MA T3 Indicator
Take short positions when the downtrend alert appears or the pink dot.
Wait for the initial candlestick to close and go short on the open of the next candlestick.
When to Exit Your Short Positions
You can set your short positions to exit with a fixed risk to reward ratio set up.
You can also trail the stops which will work when the markets are in a strong and steady trend.
Where to set the Stop Loss using the Heiken Ashi MA T3 Indicator
Place the stop loss at the previous swing high or swing low point on the chart.
Once price moves a considerable amount, choose to move your stops to break-event.
Conclusion
The Heiken Ashi MA T3 Indicator is a simple Indicator built upon the concepts of the Heiken Ashi candlesticks and moving averages.
The Indicator is easy to work with and when trends are strong, you can really make some big profits.
Increasing Your Win/Loss Loss Ratio
When you add the Heiken Ashi MA T3 Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.
Recommended Time Frames
Technically speaking, you can use this MT4 indicator for all time frames.
However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.
We recommend that you use higher time frames like the H4 for better consistency.
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