- | Membership Revoked | Joined Mar 2011 | 1,831 Posts
Trade responsiblypatience is the key/Swing trader
2 Red 2 Green trend following system 8 replies
need simple indicator for Daily green/red candle 2 replies
All red Sell/All green Buy - Don't give up 0 replies
1M & 5M Scalping System (Scalping Paradise) 21 replies
Simple Scalping System 64 replies
DislikedI was playing around with an idea like this ages ago. Even tried to start a thread about it but got no replies. I was looking to see whether different combinations of candle closes came up with different results, the reason being having all green at the stroke of the hour seemed like a strong buy signal, but on the open of the new candles, price would often drop for a retracement. Thus as a scalping strategy, I found myself more likely to get stopped out than hit a tp. I believe the lowest point of a candle that closes up is usually hit before...Ignored
DislikedLook at the last candle of M5,M15,M30 and H1
If all green ,buy.
If all red ,sell.
The system works on many trades and good money managment.
Statistically, if you look at any chart ,there are more consequential candles than candles of opposite colors.
Try it demo.Ignored
DislikedThank you, when he said top , I thought he meant top of the hourly candle. Those bloody Americans should learn how to communicate properly!Ignored
DislikedHere two indicators:
- one put the different color candles for the different time frames on the same chart
- the other is the alarm clock
I wait for yours results with this system.Ignored
DislikedLook at the last candle of M5,M15,M30 and H1
If all green ,buy.
If all red ,sell.
The system works on many trades and good money managment.
Statistically, if you look at any chart ,there are more consequential candles than candles of opposite colors.
Try it demo.Ignored
DislikedAll green, on E/U, so I took a long position, lets see how it works.Ignored