One-Minute Heikin-Ashi Scalping with ADX and ATR Exits

Summary

This strategy looks for short-term momentum using sequences of Heikin-Ashi candles. A long setup begins with a bearish candle, then requires three bullish candles without lower wicks, each of the latter two having a larger body than the preceding one. The short setup mirrors this pattern. Both directions also require ADX to exceed a configurable threshold, and the trader can enable long trades, short trades, or both.

The displayed settings use a short ADX length and threshold, ATR-based exits, a profit target several times ATR, and a tighter ATR stop, with an additional hard-stop percentage setting. The source excerpt ends before the exit logic is fully shown, so the role of that hard stop and any alternate one-bar exit cannot be confirmed. No performance results or market-specific testing are provided. The strategy’s one-minute framing makes execution costs, slippage, and the reliability of backtests especially relevant, but the excerpt does not assess them.

Key ideas

• Long and short entries use mirrored patterns of three consecutive same-direction Heikin-Ashi candles with no wick on the opposing side.
• The candle bodies must grow across the three-candle sequence.
• ADX must be above its configured threshold before either setup can trigger.
• The script provides directional trade controls and configurable ATR-based exit parameters.
• The excerpt is incomplete and includes no reported performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.