58# 3 candles High or Low Trading System

Submit by ForexStrategiesResources


Time Frame 5min.




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.


Write a comment

Comments: 5
  • #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.

  • #2

    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.

  • #3

    Kimmi (Wednesday, 24 January 2018 17:38)

    Could you send the indicator to kimdo7028@gmail.com

  • #4

    Joseph Ponmany (Sunday, 11 April 2021 13:14)

    looks good

  • #5

    teetu ji (Sunday, 21 April 2024 22:26)

    HLO mam,sir pls send me download link