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Basic Forex Strategy with Heiken Ashi And Snake Force

January 25th, 2011 by forexcityguy

I stumbled across a very simple yet seemingly effective strategy for trading Forex.  The original author proposes to put a series of indicators on your chart.

Download These Indicators —-> Put them in the Metatrader4/experts/indicators/ folder.
Fibonacci Pivots Indicator
Heiken_ashi_smoothed indicator
Slope Direction Line Indicator
— Tweak Settings
— Period = 80
— Method = 2
#MTF_MovingAverage Indicator
— Tweak Settings
— TimeFrame = 0
— MAPeriod = 60
— MAShift = 2
Chandelier_Stops_v1 Indicator
— Tweak Settings
— Kv = 5
— Shift = 0
— ATRPeriod = 28
— Length = 15
Snake Force Indicator
— Tweak Settings
— cPeriod = 48

The basic idea behind this strategy is to wait for the Snake Force indicator to show double red lines indicating a strong reversal in the current trend then we wait for price to turn to red Heiken Ashi bars, always trade in the direction of the trend, and it will be much simpler to find good entries that move far enough for you to earn some pips!

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