Trading based on 15min time frame
No starting time for this concept, No indicators needed.
All trading must be closed by 3.15 pm, ignore trades after
2.45 pm
logic as follows :
Mother candle formation trading system
----------------------------------------
A price candle OHLC resides inside on previous
candle OHLC said to be mother candle
------------------------------------------------
Buy entry :
Valid must rule :
Mother candle High - Mother candle open >= 0.10 %
example : high =100, open =99 low = 99, the difference
high-open is 1 , that is equal to 0.10 %, so it is valid
but it is invalid for sell
open-low here 99-99=0
for this pattern mother candle we do only buy entry,
no sell entry...
if the rule satisfy, then next step, place buy order
as follows:
0.05 % above mother candle's high will be a buy
entry
stoploss :
0.05 % below mother candle's low value
target :
0.5 % or 1 % from buy price or valid reverse sell order
--------------------------------------------------------
Sell entry :
Valid must rule :
Mother candle open - Mother candle low >= 0.10 %
example : high =100, open =100 low = 99, the difference
open-low is 1 , that is equal to 0.10 %, so it is valid
but it is invalid for buy
high-open here 100-100=0
for this pattern mother candle we do only sell entry,
no buy entry...
if the rule satisfy, then next step, place sell order
as follows:
0.05 % below mother candle's low will be a sell
entry
stoploss :
0.05 % above mother candle's high value
target :
0.5 % or 1 % from sell price or valid reverse buy order
--------------------------------------------------------
No starting time for this concept, No indicators needed.
All trading must be closed by 3.15 pm, ignore trades after
2.45 pm
logic as follows :
Mother candle formation trading system
----------------------------------------
A price candle OHLC resides inside on previous
candle OHLC said to be mother candle
------------------------------------------------
Buy entry :
Valid must rule :
Mother candle High - Mother candle open >= 0.10 %
example : high =100, open =99 low = 99, the difference
high-open is 1 , that is equal to 0.10 %, so it is valid
but it is invalid for sell
open-low here 99-99=0
for this pattern mother candle we do only buy entry,
no sell entry...
if the rule satisfy, then next step, place buy order
as follows:
0.05 % above mother candle's high will be a buy
entry
stoploss :
0.05 % below mother candle's low value
target :
0.5 % or 1 % from buy price or valid reverse sell order
--------------------------------------------------------
Sell entry :
Valid must rule :
Mother candle open - Mother candle low >= 0.10 %
example : high =100, open =100 low = 99, the difference
open-low is 1 , that is equal to 0.10 %, so it is valid
but it is invalid for buy
high-open here 100-100=0
for this pattern mother candle we do only sell entry,
no buy entry...
if the rule satisfy, then next step, place sell order
as follows:
0.05 % below mother candle's low will be a sell
entry
stoploss :
0.05 % above mother candle's high value
target :
0.5 % or 1 % from sell price or valid reverse buy order
--------------------------------------------------------
