36# Hells Angels Trading System
Submit by Forexstrategiesresouces
Hells Angels Forex System (update 02/2024)
Hells Angels update is a price action trend strategy. I have prepared two templates for this update, 1 for time frames (H 15, H 30 and H60, the other for 4 hour and daily time frames).
Strategy Setup
Currency pairs: any.
Time Frame 15 minutes or longer.
Indicators
SR trend signal
filters (1 for tf 15-30-h1; 2 for tf 240 and daily).
DT Heiken Ashi Candles
Symbol Changer.
Trading Rules
On daily time frames it is only advisable to trade when the double circle appears on the chart.
On 4-hour and daily time frames you can also consider entering on a single circle but in the direction of the main trend.
For Buy and Sell signals, respect the setup of the bars on the chart explained in the previous
version.
Buy
Double green circle on the main chart.
Enter buy in the next bar when the filter turns green.
Sell
Double red circle on the main chart.
Enter buy in the next bar when the filter turns red.
Exit position
Stop loss above/below of the previous swing high/low.
Proit target minimum ratio 1:1.15 stop loss.
Invalid formation of Candle
Invalid forms of candle doesnt have to be name. because it an exit signal
VALID THE TREND
Easy, look at M15
if valid
green trend will up
if valid
red trend will down
ENTRY POINT/OPEN POSITION.
Make sure no wick at the early candlestick or will gonna going
make sure candlestick 15 is still valid
more valid if m1 is valid
EXIT POINT.
Exit with validity at candlestick M1 or M5.
Exit base M1 --- if you want scalping.
Exit base M5 --- if you swing.
The succes of this system is 83%.
use the right money management.
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Write a comment
number27 (Sunday, 14 February 2016 16:53)
What is the white line ?
Thoriq (Wednesday, 01 February 2017 08:51)
How many pips target?stop loss?
Kyle (Saturday, 28 April 2018 21:20)
How do you install this?
Danny (Tuesday, 01 May 2018 16:15)
how to install the indicator and what do you mean by "make sure candlestick 15 is still valid
more valid if m1 is valid" ?
Thanks
David (Wednesday, 02 May 2018 12:55)
Hi, thanks for the strategy. I am confused about the valid candles because in MT4 some candles for example on M5 look valid, but when you zoom in you see a little wick. So I wonder how much we can zoom in to recognize a valid candle?
When I look on the same chart with Heikin Ashin at Tradingview the candles have no wicks but when I zoom in on MT4 they have wicks which make them invalid. Could you please clarify it?
Thank you.
George (Friday, 11 May 2018 11:05)
hello how do you install this indicator to use it in MT4 platform ?
Misty (Wednesday, 25 July 2018 22:57)
How/where do I install this indicator .rar?
Derick (Wednesday, 08 August 2018 20:10)
How do you install this indicator on mt4?
Fran (Monday, 03 September 2018 13:32)
Could you explian in more datil the exit strategy please
ann (Tuesday, 11 September 2018 15:59)
how to use https://www.youtube.com/watch?v=AL4wyLfOqf8
Leslie (Saturday, 03 November 2018 22:01)
How do you install this indicator?
Sergio (Wednesday, 28 November 2018 17:43)
How can i install it?
Mohamed (Thursday, 06 December 2018 15:13)
How install indicators?
Rmitlad (Saturday, 23 January 2021 07:02)
The Heiken Ashi candlesticks are very useful. And not just for this system.
amit (Sunday, 07 February 2021 22:50)
i can;not download the indicator
Alonso (Friday, 08 March 2024 02:21)
This strategy is a winner, it's worth a hundred courses, thank you.
FSR (Thursday, 25 April 2024 20:36)
Reply at David.
You are confused because you have to find DT Heikin Ashi on TradingView. If you have this indicator on TradingView you get the same result.
The filters have not yet been translated into Pinescript.
Jilian (Thursday, 25 April 2024 20:42)
I confirm this strategy is a winning one, I thank all the staff. I will apply this strategy on options. Thank you with all my heart.