This is a concept on how i look at the formation of daily candle bars.
I'm trying to get in at the lowest and out at the highest or in at the highest and out at the lowest.
The sample picture is a H1 chart for a day
Notice how the price action moves
I have coded an EA based on my concept but it is still very raw.
Please test and contribute. (Any pair, D1 chart only)
Optimizing the EA
TR_Factor = Start 0.50, Step 0.25, Stop 1.25
TP_Factor = Start 1.00, Step 0.50, Stop 3.00
TS_Factor = Start 0.00, Step 0.50, Stop 4.00
SL_Factor = Start 0.50, Step 0.50, Stop 1.00
The above are only recommended values, you are free to try other values
NOTE : Any positive comments are welcome, if you don't believe this system will work, please ignore this thread and forget it.
I have wrote a detail strategy on this at my blog http://tradeaud.blogspot.com
I have posted 3 trade signal and all have hit my TP. Join my facebook group - Forex : Day Candle Formation
I'm trying to get in at the lowest and out at the highest or in at the highest and out at the lowest.
The sample picture is a H1 chart for a day
Notice how the price action moves
I have coded an EA based on my concept but it is still very raw.
Please test and contribute. (Any pair, D1 chart only)
Optimizing the EA
TR_Factor = Start 0.50, Step 0.25, Stop 1.25
TP_Factor = Start 1.00, Step 0.50, Stop 3.00
TS_Factor = Start 0.00, Step 0.50, Stop 4.00
SL_Factor = Start 0.50, Step 0.50, Stop 1.00
The above are only recommended values, you are free to try other values
NOTE : Any positive comments are welcome, if you don't believe this system will work, please ignore this thread and forget it.
I have wrote a detail strategy on this at my blog http://tradeaud.blogspot.com
I have posted 3 trade signal and all have hit my TP. Join my facebook group - Forex : Day Candle Formation
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