quit your bullshit! Heikin-Ashi Backtest with Real Candle Values — Strategy by andrewqiu9774
By andrewqiu9774
Performance Metrics
- Author: andrewqiu9774
- Symbol: FX:USDJPY
- Timeframe: 1 day
- Net P&L: +84.01 JPY (+0.08%)
- Win Rate: 37.7%
- Profit Factor: 1.184
- Max Drawdown: 22.93 JPY (0.02%)
- Total Trades: 618
- Sharpe Ratio: −49.111
Description
Made in a few minutes to debunk all the bullshit going around tradingview and everywhere about "heikin-ashi" being a holy grail trend indicator.Do not be deceived.Heikin-Ashi is a beautiful way to remove much of the noise in markets, and is light on the eyes. (nice and smooth!)I personally use heikin-ashi as a way to remove a lot of the clutter in the markets, allowing me to trade with less emotion.While heikin-ashi is a great way to visualize trends, it is NOT a good trend indicator because its displayed values do not align with actual trading values.Therefore, entry and exit points for many of the ideas published about heikin-ashi for trade are inaccurate.::: When Heikin-Ashi changes colour for x candles, a new trade is created on the open of the following real candle.In practice, Heikin-Ashi is much closer to break even. As tested, Heikin-Ashi trend trading works better on pairs that have clearer definitions of trends and are less often in consolidation. (ex. USDJPY)Usage:Switch to normal candlestick chart.Features:Change the period for new trades. (For example: x amount of red candles after a green candle to signify short trade)