Hello Apprentice, this is a nice strategy, but the results on my Backtesting were very bad! I think the fault is in the Backtesting Settings! I only can change the Timeframes from the Heat Map, but not the Timeframe I see on my Chart! For Example: If I have opened my chart in Timeframe 5 Minutes, I could insert the Heat Map in Timeframes 5, 15,30,H1, D1 Minutes and so on. I have attached a Screenshot with an example how the strategy could show some better results. Here are the Parameters for my Strategy:
Conditions for a BUY Trade:
1. All selected Timeframes (5,15,30) in the Heikin Ashi Heat Map are changed into green.
2. Enter a BUY Trade, with the opening Price of the next Candle.
2. Exit a BUY Trade, if the First (5 Minutes) Timeframe in the HA Heat Map has closed in red when the next Candle opened or all selected Timframes has closed in red when the next Candle opened.
Conditions for a SELL Trade:
1. All selected Timeframes (5,15,30) in the Heikin Ashi Heat Map are changed into red.
2. Enter a SELL Trade, with the opening Price of the next Candle.
2. Exit a SELL Trade, if the First (5 Minutes) Timeframe in the HA Heat Map has closed in green when the next Candle opened or all selected Timframes has closed in green when the next Candle opened.
The advantage of these Entry/Exit Rules are:
1. The Strategy enters Trades first, when they are confirmed by the HA Heat Map.
2. The Heat Map could work so as a Filter.
3. I hope the quality of the signals are much better and the Performance Results in Backtesting are much better.
For example, please see the attached Screenshot!Ihope you change these Parameters and I could work with it for sucessfull trading.
Best regards
Coldplay70