Trend Forex Candlesticks Strategy


Trend Forex Candlesticks Strategy

This is a system that uses candlestick to trade and works on 4 hours or daily timeframe. Applicable currency pairs to use this system is all currency pairs.

Forex Indicators:

  • CPI or Pattern Recognition Master;
  • Real MACD.
  • Non Lag MA.

Long Entry:

  • Real MACD must be Green.
  • Non Lag MA is Cyan and there is a candlestick pattern up.

Short Entry:

  • Real MACD must be Red.
  • Non Lag MA is Red and there is a candlestick pattern down.

Exit Position:

  • Stop loss on higher or lower candle signal pattern.
  • Target Profit on daily Pivot; to close position at the closed bar entry.
  • 4H Timeframe: EUR/USD 25 pips, AUD/USD 18 pips, GBP/USD 30 pips, EUR/JPY 30 pips, GBP/JPY 33 pips.
  • Daily Timeframe:EUR/USD 50 pips, AUD/USD 40 pips, GBP/USD 60 pips, EUR/JPY 60 pips, GBP/JPY 65 pips.

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