More easy is impossible

Hi all traders...
I want to say thanks to this forum and all of you , here i could learn a lot.
I decided to share one my most profitable strategy and help all the people who still are not profitable.
I prefer to use this strategy in the futures market anyway you can use it in others market as well.
Strategy is very simple, i could say easy too .
RULES:
Sell : wait at least 6 candles close under 21 moving average , then wait to see a candle that breaks a positive candle but close as negative .After the negative candle is closed, wait the breakout and sell.

Buy : wait at least 6 candles close over 21 moving average , then wait to see a candle that breaks a negative candle but close as positive .After the positive candle is closed, wait the breakout and buy.

About Timeframe, you can choice the best for yourself. the strategy work very well on daily chart, if you want you can use on 5 or 15 chart but you have to trade only from 9 am untill 12 am and 3pm untill 5:00 pm.
Place stop loss 5 pips far from the previous candle high/low.
Place target with the same value of the stop loss .
R:R 1:1 .

REMEMBER THIS : if you trade as intraday, you must do only 3 trades no more. Dont risk more than 1 % each trade , so you daily maximum drawdown has to be 3%.


Feel free to test and share your trades here, will be a pleasure to help you.

Hi, can You mark Your 6 candles on the pictures above bcoz i'm not sure what You mean.
Thanx

It's easy, you 've to wait at least 6 candle under or over the moving average and then look for the signal

If i get it right this should be like this

Right

Ok, everything is clear now

I will try to code a simple ea to backtest . (don't expect fancy things im not good at it)

Although these rules might be implied, it is better to include them in the EA:

1. Signal Candle should close above MA for a buy, and below MA for a sell. Otherwise it is invalid signal.
2. As we are buying retraces, the Signal Candle should not be above the last swing high. Same goes for a sell, where the Signal Candle should not be lower than the last swing low.

@Gurudeva : Kindly confirm.

what does it mean "a candle that breaks a positive candle but close as negative" anda candle that breaks a negative candle but close as positive ? can please post a chart marking these candles to be clear. Thanks!

Any picture to prove that you are really making positive pips ?

Signal Candle should close above MA . It closes anyways there because red candle must close >ma so next green closes >ma too ?

and for the swing high i think it would me ok to say that the signal candle closes in the range of the previous one?

Omg sorry I am posting too much here.

This is the ea with some more inputs to play with ,should i add something else just tell me.

Good Job Mate !

I can use it to confirmation Price Actions on Bollinger Bands ( Midle Band).. Thankyou Gurudeva.

I just stumbled on this thread. Thanks to the thread starter, Gurudeva for making this thread a reality. I'm gonna download and test the EA developed by Gendam (thumbs up to you). Hopefully, this will make trading a lot easier for all of us.

Can you be more specific on how to confirm , I could add it in the ea

I like this idea - I will be watching if you are still trading this?


teb

One question please, is the 21 moving average a SMA or EMA?