This strategy calculates the last high or the last low of a lookback period. If the previous high or low is breached, a signal to enter market is given. This new version adds safety check formula to try to catch potential fake-outs.
Remember that Heiken Ashi do not provide true backtest results because bars are "averaged".
However, this strategy works well with regular candles and line charts if you find the right settings and chart time frame
Enjoy