Could you make a strategy like this to work with heiken ashi smoothed? I have done some backtesting and this type of algo would be very profitable with proper risk management
So it would work like this:
[if (number) consecutive color bars after candle color change, then open position]
[if (number) consecutive color bars after candle color change, then close position]
Additional parameters it would need
1. trend filter(allow specified side, buy, sell or both)
2. time allowed to trade (allow to trade between (T) hours and (T) hours)
3. Allow multiple positions in the same direction