{quote} Hello Mate This stratergy is for H4, but about the rules, you are on the right track. Just take note the TP level is Fibo 200 level, which make every trade 1:1.
One more question in addition with previous one
according to rules when a trade touched 150 fib first it retraces upto your entry and then hit your tp at 200 if you are brake even on touching 150 level then after throwing you out from trade it hits your tp and this scenario is occurring on 60% trades.
My question is are you still go to brake even on touching 150 or not beacuse i want to exactly fallow your rules without any amendments.
The strategy is interesting, made a couple of euros of it. The problem is what if you are busy and can't monitor all the charts, losing a great opportunity when it comes.
So the solution is I made an EA that monitors all the pairs in the market, major, minors, exotic or metals, and send me a notification through my phone, so that I can verify it and trade it.
Good job on the strategy.
Note: Always consider also if there are news within that time, because anything can happen. Happy Trading.
So if we got a big bear engulf, an then any bull engulf, but still in the rule. Keep to open? The first bull engulf failed. (blue box). Then any opportunity again in current open position strict to the rule.. I worried because the big an strong bear engulf. {image}
Ignored
That could mean in short term the market is bearish but doesnt present the overall trend. You can follow as per rule and move on or look at bigger picture and decide
