Hello all,
This is another simple strategy that I am currently using. You only look at the last 3 daily candles of any pair. Trends are insignificant in this strategy
The rules are simply as follows:
For going long:
1- Body of the latest Daily candle is greater than body of the previous 2 daily candles
2- Previous daily candle must be bearish
3- Close of latest candle is more than close of the previous candle
4- Take profit for next candle at the psychological levels: 50 & 00
For going short:
1- Body of the latest Daily candle is greater than body of the previous 2 daily candles
2- Previous daily candle must be bullish
3- Close of latest candle is less than close of the previous candle
4- Take profit for next candle at the psychological levels: 50 & 00
This is another simple strategy that I am currently using. You only look at the last 3 daily candles of any pair. Trends are insignificant in this strategy
The rules are simply as follows:
For going long:
1- Body of the latest Daily candle is greater than body of the previous 2 daily candles
2- Previous daily candle must be bearish
3- Close of latest candle is more than close of the previous candle
4- Take profit for next candle at the psychological levels: 50 & 00
For going short:
1- Body of the latest Daily candle is greater than body of the previous 2 daily candles
2- Previous daily candle must be bullish
3- Close of latest candle is less than close of the previous candle
4- Take profit for next candle at the psychological levels: 50 & 00
Make It Simple !