1. Welcome to the #1 Gambling Community with the best minds across the entire gambling spectrum. REGISTER NOW!
  2. Have a gambling question?

    Post it here and our gambling experts will answer it!
    Dismiss Notice

Forex New forex strategy - based on MTF candles

Discussion in 'Forex Forum' started by our4link, Jul 8, 2015.

  1. our4link

    our4link Guest

    I am going to share a strategy.....

    BUY entry:
    - Wait for a current hour candle to close
    - If all 4 of the last candles (M5, M15, M30 and 1H) closed in “green(buy)” – wait
    for the price to go another 3 pips above the close and instantly place a BUY
    order.
    take profit 20-30 pips
    stop loss below of last candle on H1 chart

    SELL entry:
    - Wait for a current hour candle to close
    - If all 4 last candles (M5, M15, M30 and 1H) closed in “red(sell)” – wait for the
    price to go another 3 pips below the close and instantly place a SELL order.
    take profit 20-30 pips
    stop loss above of last candle on H1 chart

    what you think about this strategy .
    If you like then please reply ;)

    Attached Images
    Attached Image
    attachment.png

    Source.
     

Share This Page