Hi all
I't my firts post, sorry for my bad english
I want share my strategy!
However, it's a simple strategy that use the Inside Bar price action with Heiken ashi,
on daily or h4 charts
An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar.
I't my firts post, sorry for my bad english
I want share my strategy!However, it's a simple strategy that use the Inside Bar price action with Heiken ashi,
on daily or h4 charts
An inside bar is a bar or series of bars which is/are completely contained within the range of the preceding bar.
- A green box is an inside bar, yet unbroken
- A blue box is a bullish breakout of an inside bar
- A red box is a bearish breakout of an inside bar
ENTRY CONDITION
3 Buy stop on the higher of the inside bar
3 Sell stop on the lower of the inside bar
EXIT CONDITION / MONEY MANAGEMENT
Use Fibonacci for determinate Take profit and stop loss (see the picture)
Other way, that i use, it's close the position when Heikin Ashi candles change color (see the picture), this is very nice when the price don't reached the firts target
The levels of Fibonacci are : 0, 1, 1,5, 2, 2,5.
Move SL to breakeven when the price reached the TP1, and close 1 trade.
Move SL to TP1 when the price reached the TP2, and close the second trade.
TP3 is the take profit
