a conclusion. If within 3 days of consecutive daily closing price of the candles was higher than the opening price of the previous Japanese candle, then pursuing a transaction to buy at the opening of the 4th Day candles! Trading system "Free Candle" is quite efficient in terms of the expectation: if you make deals not often but only in the most reliable configurations. Risking 25 pips to make 50). Price Objective: Exit the buy trade at risk-to-reward 1:2 (i.e. Since it uses the conventional principles of candlestick analysis, you can try the simultaneous operation on several instruments at a reasonable capital management. Use in trading, all the major currency pairs are recommended for work EUR/USD, USD/JPY, USD/CHF, GBP/USD and major crosses: EUR/GBP, EUR/JPY, GBP/JPY. The proposed 15-minute strategy is perfect for beginners who traditionally prefer short-term intraday deals.
15 Min, forex, day Trading, strategy, example: EUR/USD
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You should better work during European and US session the Asian volatility may not be enough. This is considered to be a fully formed 15-minute candle, body and shadows of which do not touch the built moving average, despite the fact that its closing price is above the previous high for the uptrend or below the previous low for the downtrend. Stop-loss orders are putting at a distance of 2-3 points higher than the highest price of the previous days candle or at a distance of 90 pips choose what is higher. Buzzer indicator changes color from green to red Open sell position at the open of the next bar. To enter sell, you need a "free" black candle located below the moving average. Take-profit close in 2 stages: 50 of the transaction when you reach 30 pip, swap the remaining 50 of «zero» expose and take profit at 100 pip. Risking 40 pips to make 80).
If in the course of 3 consecutive days closing price of candles was lower than the opening price of the previous Japanese candle, then pursuing a transaction to sell at the opening of the 4th Day candles! Alternatively, exit the short trade when the Octopus_2 indicator changes color from red to green. The daily chart D1, forex indicators do not use one. Profit on open positions can be calculated using the usual approach to money management, but it is recommended to use double the range (size) of the "free" candle.
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