Price: $249.99 (1 LICENCE, FREE UPDATES & SUPPORT)
Currency pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD, EURGBP, EURJPY, GBPCHF, GBPJPY, USDCHF, USDJPY and XAUUSD (Gold)
HART EA Review – Heiken Ashi Renko Trader Forex Expert Advisor
HART EA is the first Expert Advisor developed by Andrea Salvatore and his team for trading on Renko charts.
The Heiken Ashi Renko Trader is the first one of a new generation of EA’s for the Metatrader 4 (MT4) platform!
By using Renko charts we take out time out of our trading equation and we focus only on price action.
Andrea and his team developed a set of different trading tools and indicators for Renko charts.
HART EA comes directly from that experience. It takes advantage of a 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. This 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.
HART EA – One Setup To Rule Them All
Thanks to the automatic calculation of the perfect box size for every financial instrument, HART EA 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 settings… the Renko chart automatically adjusts itself based on current volatility.
Choose between the “regular” or “aggressive” approach. Or use both on separate charts!
HART EA – What’s Inside This Expert Advisor
The strategy inside HART EA 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.
HART EA – Smoothing Fast
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, the Forex Expert Advisor is ready to enter a trade.
HART EA – 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 EA 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 the Forex Robot.
HART EA – Backtests
Who said that Renko charts can’t be backtested? Well it’s not easy but it can be done. Andrea used tick by tick data starting from January 2012 to generate these Renko charts and they used this data to test their strategies.
Here you can find performances for the EURUSD currency pair for both the regular and the aggressive strategy over a period of 25 months (starting from 01/01/2012).
The total on 10 different currency pairs for 25 months of trading with the HART EA 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%.
HART EA – 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
HART EA is available for a one-time fee of only 249.99 USD. There are no recurring fees or any hidden fees. Immediately after your order is processed, you will get access to the download links with the installation file and the detailed user guide. The trading rules are easy to understand and easy to follow. The interface takes minutes to understand, and you could be trading like a professional currency trader within a day.
Stop throwing your money away on “systems” that promise you everything, deliver nothing, and suck your trading account dry!
Part-Time or Full-Time Trader… Beginner or Advanced… Anyone can start profiting TODAY!
LIVE ACCOUNT TRADING RESULTS:
Here are the 4 accounts we started, 2 for the regular strategy and 2 for the aggressive approach.