58# 3 candles High or Low Trading System
Submit by ForexStrategiesResources
Time Frame 5min.
Pairs: EUR/USD, AUD USD, GBP/USD
3 consecutive candlesticks must be either bullish or bearish. Also it must be in slope
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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Write a comment
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.
Gaz (Friday, 16 December 2016 11:01)
This looks pretty good - so far 47 trades netting 130 pips with 35 wins and 12 losses. I've been trading EUR/USD, AUD/USD, USD/JPY and USD/CAD using a 7 pip take profit on all and setting the stops as suggested here.
Kimmi (Wednesday, 24 January 2018 17:38)
Could you send the indicator to firstname.lastname@example.org
Joseph Ponmany (Sunday, 11 April 2021 13:14)