58# 3 candles High or Low Trading System

Submit by ForexStrategiesResources

 

Time Frame 5min.

Pairs: EUR/USD, AUD USD, GBP/USD

 

Entry

3 consecutive candlesticks must be either bullish or bearish. Also it must be in slope

 

Stop Loss

Higher or Lower second candle

Profit Target: 6 pips AUD/USD, 8 pips EUR/USD, 10 pips GBP /USD

 

 

Share your opinion, can help everyone to understand the forex strategy.

 

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Comments: 1
  • #1

    Dragonspeak (Thursday, 24 May 2012 14:41)

    Seems to be good system. Making a backtest, I think a good exit would be to close the trade when we get a bullish bar if we sold or bearish bar if we bought.