Heiken Ashi Signal is a free mt4 (Metatrader 4) indicator that provides decent buy and sell cloud signals for any currency pair.
The indicator appears in the main MT4 chart as green and red Heiken Ashi candlesticks that appear above and below the actual candlestick.
Buy & Sell Trade Example
- Open a buy trade as soon as the first green Heiken candlestick appears below the actual candlestick.
- Open a first trade as soon as the first red Heiken candlestick appears above the actual candlestick.
- Reverse the position as soon as an opposite signal occurs on the chart.
The Heiken Ashi Signal Cloud indicator can be used for both entry and exit signals or mixed together with your own favorite trading strategy for improved performance.
The indicator works equally well on all assets (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..) and shows promising results if used correctly.
Free Download
Download the “heiken ashi exit.ex4” indicator for MT4
Indicator Chart (EUR/USD M1)
The example chart below displays the Heiken Ashi Signal mt4 indicator in action on the trading chart.
Trading Tips:
Utilize your own favorite trade entry, stop loss and take profit method to trade with the Heiken Ashi Signal Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signal
Repaint? No.
Heiken Ashi Signal Cloud + Zone Trade MT4 Scalping Strategy
Introduction
This ultra-fast scalping strategy combines the Heiken Ashi Signal Cloud Indicator (MT4) with the Zone Trade Forex Scalper Indicator (MT4).
The Heiken Ashi Signal Cloud gives trend direction: green candle clouds indicate bullish momentum and red clouds indicate bearish momentum.
The Zone Trade Scalper confirms precise entries: green signals for buys and red for sells.
This setup is designed for ultra-fast scalping on M1 to M5 charts.
The goal is to capture small, quick moves of 5–10 pips.
It is ideal for traders who want high-frequency entries with strict risk management and minimal exposure.
Buy Entry Rules
- Heiken Ashi Signal Cloud must show a green candle cloud, indicating a bullish trend.
- Zone Trade Scalper must display a green candle signal for confirmation.
- Enter at the close of the confirmation candle from the Zone Trade Scalper.
- Stop loss: place 3–5 pips below the most recent swing low or below the low of the entry candle.
- Take profit: target 5–10 pips depending on pair volatility. Exit immediately upon reaching the target.
Sell Entry Rules
- Heiken Ashi Signal Cloud must show a red candle cloud, indicating a bearish trend.
- Zone Trade Scalper must display a red candle signal for confirmation.
- Enter at the close of the confirmation candle from the Zone Trade Scalper.
- Stop loss: place 3–5 pips above the most recent swing high or above the high of the entry candle.
- Take profit: target 5–10 pips. Exit immediately once the target is reached.
Advantages
- Ultra-fast scalping allows multiple trades in short sessions.
- A combination of trend (Heiken Ashi Cloud) and precise entry (Zone Trade Scalper) reduces false signals.
- Small targets reduce exposure to larger market swings.
Drawbacks
- Requires constant attention and quick execution due to the very short time frames.
- High frequency of trades can accumulate spread costs, especially on low-liquidity pairs.
- Not suitable for traders who cannot monitor charts continuously.
Example Case Study 1 — EUR/USD M1 (Bullish)
On the M1 EUR/USD chart, the Heiken Ashi Signal Cloud turns green, and the Zone Trade Scalper gives a green candle confirmation.
Entry is taken at the close of the confirmation candle.
Stop loss is placed 3 pips below the entry candle.
Price moves quickly, reaching a 7-pip target in under 3 minutes.
Trade is exited immediately for a clean scalp.
Example Case Study 2 — GBP/JPY M5 (Bearish)
GBP/JPY on the M5 chart shows a red Heiken Ashi Signal Cloud and a red candle from the Zone Trade Scalper.
Entry is taken at the candle close, stop loss 4 pips above the entry candle.
Price moves downward rapidly, hitting a 10-pip target in 7 minutes.
Trade is closed immediately upon reaching the target.
Strategy Tips
- Focus on high-liquidity pairs with tight spreads for ultra-fast scalping.
- Use small position sizes to manage risk on frequent trades.
- Avoid trading during major news events that can cause unpredictable spikes.
- Exit trades immediately when target pips are reached; do not hold for extended moves.
- Consider using a timer or alert system to manage multiple fast trades efficiently.
- Keep a trading journal to track which pairs and time frames perform best.
Download Now
Download the “heiken ashi exit.ex4” indicator for Metatrader 4
