Heiken Ashi and Renko Pro
by Igor Zakharev · MT5
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Summary
Heiken Ashi Alerts MT5 is a low-cost MT5 indicator by KEENBASE SOFTWARE SOLUTIONS priced at $30. It focuses on Heiken Ashi signal alerts suited to traders wanting simplified trend cues on MT5, but its rating is N/A and verified performance stats are not available. Alternatives listed here range from timers to full EAs with higher price points and 5-star ratings; several lack verified stats as well. Choose the indicator for lightweight signal alerts and manual strategies. Consider an EA alternative when you want automation, risk controls, or backtested performance metrics.
Retail forex traders compare Heiken Ashi Alerts MT5 with alternatives to weigh simplicity, automation, cost, and risk control. Heiken Ashi Alerts MT5 is a single-purpose MT5 indicator priced at $30 that sends Heiken Ashi-based alerts. Competitors include countdown timers, extractors, and multiple EAs priced from free listings to around $149, many presented with 5-star ratings but no verified statistics. Traders should evaluate how each tool fits broker rules, spread sensitivity, and potential drawdown exposure before buying. FxRobotEasy independently reviews all products listed here to help traders make an informed decision.
| Metric | Heiken Ashi Alerts MT5Main Product | Trendopedia Ai Our bot | Heiken Ashi and Renko Pro | HeatMap Regression Confluence | Heiken Ashi Bars | Heat map Volume |
|---|---|---|---|---|---|---|
| Rating | N/A | N/A | N/A | N/A | N/A | N/A |
| Price | $30 | $149 | $30 | $199 | $30 | N/A |
| ROI | N/A | +291.1% | N/A | N/A | N/A | N/A |
| Max Drawdown | N/A | 22.0% | N/A | N/A | N/A | N/A |
| Win Rate | N/A | 56.4% | N/A | N/A | N/A | N/A |
| Profit Factor | N/A | 1.48 | N/A | N/A | N/A | N/A |
| Total Trades | N/A | 429 | N/A | N/A | N/A | N/A |
| Downloads | 0 | N/A | 0 | 0 | 0 | 0 |
| Links |
ROI, drawdown, win rate, profit factor and trade counts for MQL5 listings are FxRobotEasy modelled Strategy Tester aggregates — simulated, not live or broker-verified. Rating, price and downloads come from the MQL5 Market listing. The FxRobotEasy column is different in kind: those rows are one published trading account, read live from app.fxroboteasy.com at page build, not a modelled run. It is not like-for-like with the columns beside it, and the per-row winner marker compares a live account against simulations. Its rating and downloads are not tracked here.
Heiken Ashi Alerts MT5 is an MT5 indicator from KEENBASE SOFTWARE SOLUTIONS priced at $30. It delivers Heiken Ashi-based visual cues and alert notifications to help spot trend continuation or reversals. Strengths are its simplicity, low upfront cost, and easy integration into manual trading workflows. Weaknesses include limited functionality compared with full EAs, no automated order management, and a displayed rating of N/A/5; verified performance statistics are not available. This tool suits discretionary traders who want clearer candle-based signals and minimal setup. Platform realities matter: MT5 broker rules, spreads, execution speed, and slippage influence signal usefulness, and any strategy using the indicator carries drawdown risk. As always, backtest on a demo account and check broker constraints. FxRobotEasy independently reviews all products listed here.
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Heiken Ashi Alerts MT5 is a low-cost, lightweight indicator suitable for discretionary traders who want clearer Heiken Ashi signals without full automation. Its $30 price and simplicity are attractive, but rating is N/A/5 and verified statistics are not available, so expect to validate performance yourself. Alternatives listed include timers and EAs with 5-star ratings and varied prices; none have verified stats either. If you need automation and risk controls, consider an EA such as PZ Stop And Reverse or Market Anomalies and demo-test thoroughly. FxRobotEasy also offers independently reviewed bots as a verified alternative to consider.
Heiken Ashi Alerts MT5 can be worth buying if you want a simple Heiken Ashi alert tool on MT5 and value low cost. At $30 it is inexpensive, but its public rating is N/A/5 and verified performance statistics are not available. Use it for manual trading, demo-test first, and consider broker spreads, execution, and drawdown risk before trading live.
The best alternative depends on your goals. If you want full automation, PZ Stop And Reverse EA MT5 ($149) or Market Anomalies EA ($99) provide EA-level features. For timing-focused traders, Haven Candle Timer Countdown is useful. All alternatives here show 5-star ratings but have no verified statistics, so prioritize demo testing and examine broker rules, spreads, and risk settings before choosing.
Evaluate tools by demo forward-testing across your broker, checking spread and latency impacts, and reviewing drawdown scenarios. Verify developer credibility, pricing, and available settings. Since several products lack verified performance stats, run your own controlled tests, use conservative sizing, and document results. FxRobotEasy independently reviews these products and recommends validating on a demo account before deploying real capital.
While evaluating Heiken Ashi Alerts MT5 and its alternatives, consider Trendopedia Ai, developed by FxRobotEasy. Its review page covers the strategy, settings and the published trading accounts. The figures below come from one published account, read live from app.fxroboteasy.com; the date they were computed is shown with them, and they are absent when that account has no closed trades to report.
+291.1%
Total Return
22.0%
Max Drawdown
56%
Win Rate
429
Total Trades