One-Minute Heikin-Ashi Momentum Scalper with ADX and ATR Exits
Summary
This short-term strategy seeks momentum reversals using Heikin-Ashi candle structure. A setup requires a preceding candle of the opposite color, followed by three same-direction candles with no wick on the entry side; each candle body must be larger than the previous one. An ADX threshold filters out signals when measured trend strength is too low. Entries are placed on the next bar, and users can enable long trades, short trades, or both.
The default exit mode closes after the entry candle, while an alternate mode sets take-profit and stop-loss levels from ATR at entry. A percentage-based stop tightens the ATR stop when necessary. These are rules described in the source, not evidence of profitability: the document gives no backtest results or fill-quality analysis. Its one-minute focus makes spread, slippage, and execution assumptions especially relevant, and the hard stop cannot guarantee a maximum realized loss during gaps or poor fills.
Key ideas
- Long and short triggers use mirrored sequences of three expanding, directionally wickless Heikin-Ashi candles after an opposite-color candle.
- An ADX threshold gates entries to favor periods with stronger measured trend activity.
- The strategy enters on the bar after a signal and allows long-only, short-only, or two-sided operation.
- Exits can close after the entry candle or use ATR-based targets and stops fixed at entry.
- A percentage stop can tighten the ATR stop, but the document provides no performance results or execution study.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.