Heikin Ashi Trading Strategy – S&P 500 (SPY) (#45)

A long-term trend-following strategy using monthly Heikin Ashi bars – backtested on the SPY ETF to capture major market moves with minimal noise.

✔️ 84 trades
✔️ 4.6% average gain per trade
✔️ 50% win rate
✔️ Profit factor: 3
✔️ 5.1% annual return (CAGR)
✔️ 66% market exposure
✔️ Risk-adjusted return: 7.5%
✔️ Max drawdown: -29%

You’ll get the full trading rules – ready to test and validate.
Some example code for popular platforms is included. Want it? Just ask.