看涨/看跌设置 (Bullish/Bearish setup)

Hi guys,

I have not tested this thoroughly,

I posted a chart with explanations.

Basically If there is a bullish candle we measure its range, divide it by 2, round that number to lowest pip . for example: Bullish candle range = 29 pips / 2 =14.5 rounded to lowest pip =14 pips. This becomes our TP.(alternatively you can use it as TP and SL for 1:1 rr)

Now we divide 14 in half again/ 2 = 7 pips ( again we round this to lowest pip, in this case we dont have to) 7 pips becomes our SL and also our guide.

Now from the close of the bullish candle we wait for the price to travel 7 pips down( if it does we place a pending order at the close of the bullish candle with tp=14 and Sl=7( alternatively we can use 14 tp and 14 sl its up to you)

If the price travels 7 pips up first than we immediately go long with 7 pips sl and 14 pips tp( again you can use 14 pips sl if you want).

Note: you can choose to wait for next candle if the price does not travel down(bullish setups) first as this will give you better entry.

We can do the same with bearish candles only in reverse.

But I suggest you use 50 Ema as your guide. ( meaning only long trades above 50 ema and only shorts below 50 emal)

Pls test this out and let me know

If anyone can write an EA( this should be simple for most coders) we can backtest it and forward test it.

tnx.