…or Heiken Ashi Renko Trader.
HART is our first EA specifically developed for trading on Renko charts. The first one of a new generation of EAs!
By using Renko charts we take out time out of our trading equation and we focus only on price action.
We developed a set of tools and indicators for Renko charts and HART comes directly from that experience. It takes advantage of our unique (and totally automatic) procedure to calculate the best Renko box size based on the instrument volatility. You won’t be wondering anymore if you have to trade EURUSD using 10 or 15 pips boxes. Our tool for generating the Renko charts will take care of the proper box size for you.
This is a huge advantage as it makes everything a lot easier and profitable.
The box size if the first and main filter. That’s what really makes trading Renko charts special… almost magic. Suddendly all the clutter disappears and only clear trends pop up.
One Setup To Rule Them All
Thanks to the automatic calculation of the perfect box size for every financial instrument, HART does NOT need a specific setup for each of them. One setup is good for everything. We backtested and forward tested it on 10 different currency pairs with performances ranging from fairly good to extremely good on each of them. WITHOUT any kind of OPTIMIZATION.
You won’t need to “tweak” the EA settings… it’s the Renko chart that automatically adjusts itself based on the current volatility.
All you have to choose is between the “regular” approach or the “aggressive” one. Or use them both on separate charts!
What’s Inside HART
The strategy inside HART is simple and powerful at the same time.
It takes advantage of the Heiken Ashi candlesticks applied to Renko charts (instead of standard charts). Heiken Ashi is a candlestick drawing method that also uses past candles in order to calculate the value of the current one. This smooths things out and helps identifying real trends.
Filtering is a good thing, but too much filtering may lead to some lagging. To reduce the lagging factor we developed an “aggressive” strategy that uses the values associated to the previous Heiken Ashi bar as possible entry levels. In this case we won’t wait for the present bar to close: as soon as price breaks above or below the previous bar, HART EA is ready to enter a trade.
One Trade Per Pair And No Hedging
The strategy is so simple and profitable that we don’t need to have multiple trades per pair and to hedge them. HART simply constantly swings between long and short positions. So every currency pair will have one single trade: Long or Short based on the trend evaluation algorithm of HART.
Who said that Renko charts can’t be backtested? Well it’s not easy but it can be done. We used tick by tick data starting from January 2012 to generate our Renko charts and we used this data to test our strategies.
Here you can find performances for 10 pairs for both the regular and the aggressive strategy over a period of 25 months (starting from 01/01/2012). You can click on the images if you want to read the detailed statement.
The total on 10 currency pairs for 25 months of trading are:
- Regular Strategy: +410.19% (Monthly average: +16.40%)
- Aggressive Strategy: +677.00% (Monthly average: +27.08%)
The total on Gold for 25 months of trading are:
- Regular Strategy: +144.25% (Monthly average: +5.77%)
- Aggressive Strategy: +234.87% (Monthly average: +9.37%)
And that with and a maximum drawdown per pair that never exceeded 8.4%.
Here are the 4 accounts we started, 2 for the regular strategy and 2 for the aggressive approach.
What You Get
- HART EA
- RenkoLiveChart EA (Pimped version with automatic calculation of best pip box size)
- Heiken Ashi Smoothed Indicator
- Two templates (one for regular and one for aggressive strategy) to easily apply the EA
- An always updated online manual with instructions
- Email Support
Ready To Buy?
If you are interested in the HART EA you can buy it from here.
Please review our Refund Policy