MSX Hybrid HeikenAshi EA: Automated MT5 Trading with Verified Results

This MSX Hybrid HeikenAshi EA review for 2026 examines live and backtested results and offers a performance analysis of the core algorithm and risk settings. The Lite version is specifically designed as an educational demonstration of the Double Smoothed Heikin Ashi (DSHA) engine, showing how closed-candle patterns translate into buy entry, buy exit, sell entry, and sell exit signals without repainting. The review highlights documented live-account metrics, a 4.5/5 average user rating from 100 reviews, and example annualized return estimates between 15% and 25% depending on risk profile and market conditions. MSX Hybrid HeikenAshi EA is unique because it relies solely on closed-candle analysis and a double-smoothing process to filter noise, which reduces false breakouts and improves signal clarity. The algorithm calculates trend strength across multiple lookback periods and applies strict entry rules to avoid intrabar repainting, making it well suited to trending forex pairs and major indices on 1H and 4H timeframes. The developer, Som Prakash Gehlot, has emphasized transparency in parameter defaults and documented trade rules on MT5, enabling traders to reproduce results and adjust position sizing. Risk management uses fixed stop loss levels and user-definable lot sizing; the Lite version intentionally omits advanced money management to remain educational. Expected performance characteristics include moderate win rates with positive expectancy, controlled drawdowns under disciplined settings, and low overnight exposure. For a full trading deployment, testers should validate settings on demo or small live accounts before scaling.