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Attachments: Third candle bounce
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Third candle bounce

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
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)
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Attached File(s)
File Type: ex5 zeze.ex5   27 KB | 61 downloads
Software Developer and Music Producer
News Fundamentals All Time Return: 1,159.1%
[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
Why has the thread gone silent all of a sudden? This strategy looks promising.
He bought? Dump it!
Guys can someone explain once again when we need to look for a test of the high/low of the 1st candle.
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
  • Post #327
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  • Last Post: Jul 12, 2024 12:55pm Jul 12, 2024 12:55pm
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?
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TranceGhost