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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Heiken Ashi Candles designed by Munehisa Homma in 1700,


tells you the average price data to create a Japanese
candlestick chart that filters out market noise.

This candlestick is really different from the standard


candlestick chart.

In the standard candlestick chart, the candles are independent


on the last one However In Heiken Ashi, each candle is
dependent. based on Heiken Ashi Formula.

The Heiken Ashi uses a modified formula based on two


periods. averages. This helps the chart to appear more smooth
and clear that helps the traders to easily identify the trend.

The Heiken Ashi Formula is given below:

Heiken Ashi Candle Formula (Source: Investopedia)



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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

You can write the formula above However, for this article, it’s
not that important.

How to read Heiken Ashi


Candles?
To illustrate Heiken Ashi I am going to use Olymp Trade.

If you don’t have an Olymp Trade account. Click Here

or If you like quick sign up. You can sign up from the form
below, just enter your email, password.

Your email

Create a password

Choose your account currency

$ €

I am of legal age, and I have reviewed and


accept the service agreement

You can even sign up from here…try

If you click the link above you land on the Olymp Trade
homepage.


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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Now, click on register.

Now, enter your email, password & hit sign up.

Once you have signed up you will land on the Olymp Trade
dashboard now, click on the chart button.


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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Now, select Heiken Ashi from the menu. and you will see
something like given above.

That’s it the basic setup is over!!

Heiken Ashi Intraday


Strategy
Now, In this section, I will teach you the most proven Heiken
Ashi Intraday Strategy.

This Heiken Ashi Strategy can be used in both Intraday Trading


and Swing Trading.

However, before I begin there are some rules that need to


follow.

           Rule: 1. This strategy has worked for me and may or may


not work for you. I am not responsible for            your loss if
any.

         2. Don’t break the rule and trust this system

       3. Don’t try less time frame chart of 1 min or 5 min

4. Use Support and Resistance to confirm your order

Suggested: How to draw Support and Resistance lines and


win big with it?

Heiken Ashi golden rule

Okay, now note down this Heiken Ashi Golden Rule:

1. If two consecutive green candle appears than it signals a


bullish pattern. 
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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

      2. Similarly, If two consecutive Red candle appears than it


signals the bearish pattern. that’s it!!! 

Let’s see some examples:

15 min chart

Given above is a 15 mins chart. and we can clearly see the


golden rule has worked.

The moment two consecutive green candle appears than we


see a pure bullish pattern and vice versa.

1-hour chart

Similarly, in 1-hour chart, The moment two consecutive green


candle appears than we see a pure bullish pattern and If two
red candle appears than we see a pure bearish trend.

Step: 2  Heiken Ashi Stochastic Strategy


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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Stochastic is my favourite indicator. It is really simple to use.

Now, note down the basics of Stochastic Indicator:

If the Redline 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 an Oversold level

Now, combine the golden rules of Heiken Ashi and Stochastic


Indicator:

Rule 1. If Two consecutive green candle appears in Heiken


Ashi  plus If Stochastic Indicator shows oversold signal You
can go for BUY Trade

………………………………………………………….

Rule. 2 Rule 1. Similarly, If Two consecutive Red candle


appears in Heiken Ashi plus If Stochastic Indicator shows
overbought signal than go for SELL Trade That’s it.

Now, let’s look at some example:

15 min Chart: 


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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Recommended: Which is the best time frame to trade on


Olymp trade?

In ( a ) candle we can easily see two consecutive green candles


and the Stochastic indicator shows the oversold level,
therefore, you can go for buy trade here.

In ( b ) candle two consecutive Red Candle but Stochastic is


near to Overbought level so, don’t go for SELL trade here.

In ( c) candle, two consecutive green candles appear, however,


Stochastic is not clearly in the oversold zone, so, don’t go for
any trade here.

Heiken Ashi Settings |


Time Frame | Pattern
 

By now you must have understood Heiken Ashi and Stochastic


Strategy.

Now, Talking about some Heiken Ashi Patterns.


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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Patterns like Doji and Shooting Stars work exactly the same
here. Therefore, I will highly recommend you read the article
below.

Read: Learn How to use Candlestick Patterns properly in


Olymp Trade

Talking about Heiken Ashi Settings.

If you are looking for Heiken Ashi Intraday Settings that


means if you love to trade more and take more risks you need
to set the Heiken Ashi Chart to 15 mins. with Stochastic length
to 14.

Heiken Ashi Chart for Intraday Trader

Pros:

In 15 mins chart, you can trade more as you will see more
& more overbought & oversold signals.

15 min chart helps you generate more profits than a


longer time frame as you can trade more here

Cons:

15 mins chart is a bit risky as you might get some false


signals 
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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Overall:

If you are a Trader who wants more profit and is okay with
moderate risk 15 min chart is best for you.

Heiken Ashi 1 Hour


Strategy | 30 min Strategy

Heiken Ashi Chart for Swing Trader

Heiken Ashi Chart for Swing Trader

Next, Talking about 30 min & 1-hour chart this chart is most
suitable for swing traders.

Pros:

Minimum Risk
Good Signals
Idol for conservative Traders

Cons:  
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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Low Profit
Less Trade

Overall: If you are a trader who doesn’t like to take too much
risk and okay with low profit and less trade 30 min & 1-hour
chart is surely for you.

Homework: Check Your


Knowledge

Answer the following:

( a ) Which trade you should take?

( b ) Which trade you should take?

( c ) Which trade you should take?

Comment your answer below without seeing others answer. I


will reply if it right or wrong.

Winding Up:
So, this is the end of this article I hope you have found this
article helpful.

This article was all about Heiken Ashi Candlesticks, Heiken


Ashi Olymp Trade, Heiken Ashi Wiki, Heiken Ashi Strategy,
Heiken Ashi Patterns, Heiken Ashi Chart,Heiken Ashi Tricks,
Heiken Ashi Hack, Heiken Ashi Formula, Heiken Ashi Settings,
Heiken Ashi Time Frame, What is Heiken Ashi Candles?, 
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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

Heiken Ashi Stochastic Indicator RSI Strategy, Heiken Ashi for


Intraday Day Trader, Heiken Ashi for Swing Trader

FAQ: Given below is the FAQ asked by students.

Is Heiken Ashi Reliable?


Ans: According to me, Heiken Ashi is the most reliable chart.
you always use it in long term to gain huge profit.

How do you use Heiken Ashi?

I personally use Heiken Ashi with Stochastic. you can also use
RSI for better results.

However, always use Support and resistance to confirm your


order.

Suggested: How to draw Support and Resistance lines and


win big with it?

Table of Contents 
1. What is Heiken Ashi Candles?
2. How to read Heiken Ashi Candles?
3. Heiken Ashi Intraday Strategy
4. Heiken Ashi Settings | Time Frame | Pattern
5. Heiken Ashi 1 Hour Strategy | 30 min Strategy
6. Homework: Check Your Knowledge
7. Winding Up:
8. Is Heiken Ashi Reliable?

← Learn Olymp Trade Martingale strategy from 2.5 year


experienced trader

{ June 2021 } Cheetsheat on How to Read Candlestick Chart?


→ 
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6/7/2021 Latest 2021 Heiken Ashi Intraday Strategy to win big

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Intraday Strategy to win big”

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