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Heiken Ashi Pip Cutter EA

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Description

Heiken Ashi Pip Cutter is a MetaTrader expert advisor based on Heiken Ashi charting system through the platform’s standard indicator by the same name. The employed trading system is naive in a way that it interprets only two latest Heiken Ashi candles and does not apply any complex pattern analysis. The only trick is that the expert advisor trades against the supposed trend direction, confirmed by current Heiken Ashi setup. Its biggest advantage is that it has no input parameters to optimize and curve-fit to the past data. Optional ATR-based position sizing is available for improved money management. There are two versions of the EA: a plain one and one with Z-Score optimization applied. The expert advisor (with and without Z-Score optimization) is available for both MT4 and MT5 versions of the platform.

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