Here is a very simple forex trading system using the example of AUD.JPY and Heikin Ashi to determine entry signals. This is meant only as an exercise to aid in implementing your own system, with or without Heikin Ashi (HA).
How to manage a forex trade so that the risk and the risk-reward of the trade is set in advance, using the examples of AUD.JPY and AUD.USD.
How do we manage a Forex trade so that the risk is fixed and we know the risk-reward of the trade in advance?
What do the Forex ticker symbols mean in foreign currency trading and how to understand Base Currency, Quote Currency and Account Currency.
How do you set a proper 24 hour timezone when trading forex and futures markets?
I show how to convert the Heikin Ashi reversal method into a simple trading system to profit in the oil futures market.
This sixth and final story in the series "Introduction to Trading Systems" tests systems to show how to develop an optimal risk/reward multiplier. This RR is used to calculate the target price in each setup.
This fifth story in the series "Introduction to Trading Systems" brings together the setup, the trend, and signals, combining them into a simple trading system. The system we design here is only for teaching purposes and as we build it we explain how to substitute your own signals and trading style.
This fourth story in the series "Introduction to Trading Systems" explores examples of simple signals: the MA cross, Pin Bars, Engulfing patterns and Heikin Ashi reversals.
This third story in the series "Introduction to Trading Systems" explains a signal, the trigger alerting us to open a position in an instrument.