Digamber Shankar PATIL 的 DSP 蜡烛策略 (Digamber Shankar PATIL's DSP Candle Stra)

What is DSP (DIGAMBER SHANKAR PATIL) Candle?

DSP candle is the high impact candle (either Bull or Bear) in the specific period.

How to Find DSP (DIGAMBER SHANKAR PATIL) Candle?

Manual Method: Attach following indicator and template to any chart (Applicable to all currency pairs, stocks, commodities or any financial instrument).



Look at candle length indicator carefully and observe its horizontal axis (ie zero line). If it is at center (ie.. both +ve and -ve sides equal) skip this chart. But if not, then check where it is shifted? Upward or Downward. If upward then find biggest Bear candle and if downward then find biggest Bull candle. This candle is nothing but DSP candle.



Automatic Method: Attach following EA (MetaTrader\experts) to chart of any currency pairs, stocks, commodities or any financial instrument.



Please Note: Above EA works as indicator only. It is not tested for trading and should be used for analysis purpose only. It highlights DSP candle with dotted red vertical line and BUY/SELL limits with dotted yellow horizontal lines. EA credit goes to magft.

How to trade with DSP (DIGAMBER SHANKAR PATIL) Candle?

STEP 1 : If DSP candle is BULL candle then wait till any of the succeeding candle closes BELOW its opening price. Then, put SELL order.



STEP 2 : If DSP candle is BEAR candle then wait till any of the succeeding candle closes ABOVE its opening price. Then, put BUY order.



STEP 3 : Put stop loss at opening or closing price for bear or bull DSP candle respectively. Take profit can be varies depending your trading pattern.

How to select DSP (DIGAMBER SHANKAR PATIL) Candle version?

Depending upon your trading style choose any of the following version. It includes short term (Turbo), medium term (Classic) and long term (Light) versions. Longer the time frame more the profit percentage.

DSP CANDLE STRATEGY (Light)

Time Frame: 1 Hour

Candles: 72
Template:

DSP CANDLE STRATEGY (Classic)

Time Frame: 15 Minutes

Candles: 96
Template:

DSP CANDLE STRATEGY (Turbo)

Time Frame: 5 Minites

Candles: 60
Template:


IMP: Make sure that correct time frame is selected for template attached. (ie. M5, M15 & H1 time-frame for Turbo, Classic & Light templates respectively)

: False signals may generate during big news declaration. Keep eye on forex news calender. Since this is the reversal trading, always check the position of DSP candle in the chart. If DSP BULL candle is at the very bottom of the chart, don't SELL trade, similarly, if DSP BEAR candle is at the very top of the chart, don't BUY trade.

Keep Sharing your charts and results!!!!

Best of Luck!!!!