Strategy review
Heikin-Ashi Trend Following (Abhijit Paul)
Reviewed video: “Heikin-Ashi trend-following strategy”
★½☆☆☆
1.5/5
The claim
Enter when Heikin-Ashi candles flip red→green above the signal bar's high, trail on prior lows, and ride the trend until an HA red flip.
How we tested it
Nifty-50, 5-min, over 5,114 trades — the largest, most conclusive single sample in our whole study.
The data
| Metric | Value |
|---|---|
| Win rate % | +30.90 |
| Payoff (×) | +1.41 |
| Expectancy R | -0.14 |
Our verdict
A clean, mechanical trend-follower, and Heikin-Ashi candles genuinely smooth the noise of raw price.
But HA candles are just lagging, smoothed price — so this is momentum in disguise, and it dies the same way every momentum setup does on liquid intraday: a 31% win rate can't carry a 1.41 payoff (you'd need ~41%). −0.14R over 5,114 trades, −₹1.35 million. The biggest sample we ran, and decisively negative.
Bottom line
★½☆☆☆ 1.5/5