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5 Candle Trading System

  • #1
  • First Post: Edited Aug 24, 2017 11:19am Aug 22, 2017 5:05am | Edited Aug 24, 2017 11:19am
Hi ,
Friends ,
Today I present my one of favorite trading system , I all of you accept this system,
This system description u can find out from attached from picture .
For buy : 1st we select H1 chart , then we start countdown If we get at a time 5 bearish candle then end /close of 5th candle we take a buy with set 50 pips SL & set TP 1 to 5 candle total value of 50% .
For sell:
Vice versa
(Don't count star /Doji candle ) If any coder have time then please make it via EA .
Enjoy.
thanks

Indicator Credit by Our one of friend (ajewopf)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5 candle.png Size: 115 KB
Click to Enlarge Name: 5CANDLE.png Size: 182 KB
Click to Enlarge Name: 5candle111.png Size: 50 KB
Click to Enlarge Name: 5candle1121.png Size: 61 KB
Attached File(s)
File Type: ex4 5 Candle Trading System v1.ex4   14 KB | 1,880 downloads | Uploaded Aug 24, 2017 11:17am
File Type: ex4 5 Candle Trading System.ex4   18 KB | 1,681 downloads | Uploaded Aug 24, 2017 11:17am
Regard NOOR16
  • #2
  • Aug 22, 2017 5:15am Aug 22, 2017 5:15am
Seems familiar... like BW Green/Red Zone or Balance Line...
  • #3
  • Aug 22, 2017 5:43am Aug 22, 2017 5:43am
usd-jpy
1 hr
21/8/2017 to 22/8/2017
complete fail

Attached Image
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #4
  • Aug 22, 2017 5:45am Aug 22, 2017 5:45am
Quoting Samer1970
usd-jpy 1 hr 21/8/2017 to 22/8/2017 complete fail {image}
please don't forget we used 50 pips SL ,
& nothing system have 100% winning .
Regard NOOR16
  • #5
  • Aug 22, 2017 5:53am Aug 22, 2017 5:53am
I have used and studied similar system with 3 candle and 4 candle reversal. It is useful. You should use 1 hour or 4 hour candles and best pair is GBPJPY.
As per my research, after placing opposite trade, you should open trade on every second candle with same or slightly bigger lot after open first trade ( If not close in profit )
It will work 100%, I have tested on last 2 years
  • #6
  • Aug 22, 2017 6:04am Aug 22, 2017 6:04am
Hi
Buy GBPUSD, as per system


Thankx
  • #7
  • Aug 22, 2017 6:06am Aug 22, 2017 6:06am
Quoting praful_patat
Hi Buy GBPUSD, as per system Thankx
Yes I already take
Regard NOOR16
  • #8
  • Aug 22, 2017 6:17am Aug 22, 2017 6:17am
For confirmation, you're better off counting the 5 bars backwards from the first reversal bar.
  • #9
  • Aug 22, 2017 6:21am Aug 22, 2017 6:21am
Quoting ChicagoRob
For confirmation, you're better off counting the 5 bars backwards from the first reversal bar.
Good Idea welcome
thanks
Regard NOOR16
  • #10
  • Aug 22, 2017 3:25pm Aug 22, 2017 3:25pm
It may better, if you take 5th candle's close/open for order. Because you get trade when pullback is done.
  • #11
  • Aug 22, 2017 7:30pm Aug 22, 2017 7:30pm
Quoting Noor16
Hi , Friends , Today I present my one of favorite trading system , I all of you accept this system, This system description u can find out from attached from picture . For buy : 1st we select H1 chart , then we start countdown If we get at a time 5 bearish candle then end /close of 5th candle we take a buy with set 50 pips SL & set TP 1 to 5 candle total value of 50% . For sell: Vice versa (Don't count star /Doji candle ) If any coder have time then please make it via EA . Enjoy. thanks {image} {image}
Looks very interesting!! Thanks for sharing your system. I do have the following questions:

On what currency pairs have you tested this to confirm 100% win rate? What was your method of testing? How many total trades you were able to find for how much period?

Also you mention TP to be 50% of the total value of the 5 candles. Is the total value from high of 1st candle to low of last candle? Or is it Open of first candle and close of last candle?
  • #12
  • Edited 8:16pm Aug 22, 2017 7:52pm | Edited 8:16pm
And in H4 ?
  • #13
  • Aug 23, 2017 1:45am Aug 23, 2017 1:45am
Quoting yalgaar
{quote} Looks very interesting!! Thanks for sharing your system. I do have the following questions: On what currency pairs have you tested this to confirm 100% win rate? What was your method of testing? How many total trades you were able to find for how much period? Also you mention TP to be 50% of the total value of the 5 candles. Is the total value from high of 1st candle to low of last candle? Or is it Open of first candle and close of last candle?
On what currency pairs have you tested this to confirm 100% win rate? What was your method of testing? How many total trades you were able to find for how much period?
ans: In this forex u never ever find 100% win system , I test all major , win ratio is well h1.

Also you mention TP to be 50% of the total value of the 5 candles. Is the total value from high of 1st candle to low of last candle? Or is it Open of first candle and close of last candle?
ans: 1-5 candle close total value divided 2 .
thanks
Regard NOOR16
  • #14
  • Aug 23, 2017 12:37pm Aug 23, 2017 12:37pm
Look EUR/USD H4 perfect formation for short .
Attached Image (click to enlarge)
Click to Enlarge Name: H4.png Size: 96 KB
Regard NOOR16
  • #15
  • Aug 23, 2017 12:39pm Aug 23, 2017 12:39pm
I already take 1 position
Regard NOOR16
  • #16
  • Aug 23, 2017 2:24pm Aug 23, 2017 2:24pm
Hi my friend
Please don't waste your time and other traders.
Have you asked yourself "if something like this system be able to guide you for trading then all traders would be able to get profit"
There are so many better strategies regarding candle , considering in different time frames but none of them can help traders for predicting the market because behind the moving of market are Human and worse than that so many greedy people who are waiting for some traders like you to assume these strategies can help them for trading.
By the way it's up to you but if you get back the history of the market for different pairs in H1, you can see so many 5 candles which never reverse the direction
Cheers
  • #17
  • Aug 23, 2017 2:58pm Aug 23, 2017 2:58pm
Quoting foxtraderfx
Hi my friend Please don't waste your time and other traders. Have you asked yourself "if something like this system be able to guide you for trading then all traders would be able to get profit" There are so many better strategies regarding candle , considering in different time frames but none of them can help traders for predicting the market because behind the moving of market are Human and worse than that so many greedy people who are waiting for some traders like you to assume these strategies can help them for trading. By the way it's up to...
Excuse me my friend ,
I just share my Idea , nothing other .I never force u to follow my thread . If u don't like it then avoid it . I don't need about your opinion.
If you have more better Idea then why not share with people .
Regard NOOR16
  • #18
  • Aug 23, 2017 4:53pm Aug 23, 2017 4:53pm
Noor16,
Thank you for sharing this great idea. I've been looking for some kind of FOREX 'strategy' other than double tops and head and shoulders. Thank you for sharing, I'm looking forward to trying it out.
  • #19
  • Aug 23, 2017 9:07pm Aug 23, 2017 9:07pm
Noor16,
You're a genius. Your system / strategy did work on the USDJPY currency pair tonight (8/23/17), on the 15 minute chart. I know you specified 60 minute chart, but I like to work off of the 15 minute chart---I'm A.D.D. and all that; I can't sit still for 60 minutes. Your strategy definitely worked on the USD/JPY 15 minute chart tonight. It had a 2 hour base before it began its upward trajectory, but if I had placed my entry at the close of the 5th candle like you recommended, I would have made some significant $$. I now know what to look for. I am now going to become a candle-counting fiend...

Thank you again for sharing a very legitimate strategy.
  • #20
  • Aug 23, 2017 11:44pm Aug 23, 2017 11:44pm
Quoting Jimtrade
Noor16, You're a genius. Your system / strategy did work on the USDJPY currency pair tonight (8/23/17), on the 15 minute chart. I know you specified 60 minute chart, but I like to work off of the 15 minute chart---I'm A.D.D. and all that; I can't sit still for 60 minutes. Your strategy definitely worked on the USD/JPY 15 minute chart tonight. It had a 2 hour base before it began its upward trajectory, but if I had placed my entry at the close of the 5th candle like you recommended, I would have made some significant $$. I now know what to look for....
Welcome my friends
No problem u can it ur favorite time frame .
thanks
Regard NOOR16
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