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Third candle bounce

  • #321
  • Jun 30, 2024 5:10pm Jun 30, 2024 5:10pm
Quoting david79454
{quote} According to this, maybe we can try to add a new condition "candle n-1 must have been take the low of candle n-2"
That's called outside candle. You can add it, but you'll get much fewer trades.
1.02^200
  • #322
  • Jun 30, 2024 8:55pm Jun 30, 2024 8:55pm
Quoting david79454
There is also my result with this system on GBPUSD Daily (2023/01/01 - Today) You can find the EA i've made here if you want to test by yourself. {file} {image}
MT5 version (GBPUSD - Daily Timeframe)
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File Type: ex5 zeze.ex5   27 KB | 236 downloads
Software Developer and Music Producer
News Fundamentals All Time Return: 1,159.1%
  • #323
  • Jun 30, 2024 9:00pm Jun 30, 2024 9:00pm
[quote=jblanked;14916678]{quote} MT5 version (GBPUSD - Daily Timeframe){image} {image} {image} {file}[/quote
Now apply your MM magic and this will be a winner.
1.02^200
  • #324
  • Jul 6, 2024 7:44am Jul 6, 2024 7:44am
Why has the thread gone silent all of a sudden? This strategy looks promising.
He bought? Dump it!
  • #325
  • Jul 6, 2024 10:19am Jul 6, 2024 10:19am
Guys can someone explain once again when we need to look for a test of the high/low of the 1st candle.
  • #326
  • Jul 7, 2024 9:43pm Jul 7, 2024 9:43pm
Quoting Wolf-Volk
Guys can someone explain once again when we need to look for a test of the high/low of the 1st candle.
If you catch it on monthly timeframe then it's pretty cool. If you're looking to catch monthly candle then beginning of the month is the time to look for high/low test.

If you're looking to catch daily candle, then look for news and session transitions between asian/london london/new york
1.02^200
  • #327
  • Jul 12, 2024 11:55am Jul 12, 2024 11:55am
Thank you, I see the same strategy as BMF on Twitter, but yours is easier to understand, you are all great, I have to learn.
In addition, in order to identify 3cr more easily, what indicator tool is better to use?
  • #328
  • Mar 25, 2025 9:31am Mar 25, 2025 9:31am
this thread is really a big promising. tyming is the key. in breaking the high or low of the 2nd candle by the current candle and the results are all wins.
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  • #329
  • Last Post: Mar 25, 2025 9:40am Mar 25, 2025 9:40am
Quoting Stochaster
this thread is really a big promising. tyming is the key. in breaking the high or low of the 2nd candle by the current candle and the results are all wins. {image}
the sell entries was from daily third candle bounce along with H1
https://www.forexfactory.com/attachm...l?d=1742843153
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