At first of each week (Sunday 9GMT right here) look forward to the primary 4h candle to finish (candle 1). After that search for a 4h candle (candle 2) to shut above or under that first 4h candle.
Purchase guidelines: Place a purchase cease order 2 pips above candle 2
Promote tules: Place a promote cease order 2 pips under candle 2
Danger: 2-5% threat per commerce
Cease loss: 4h ATR.
Exit: For purchase trades, exit after 2 inexperienced candles (4h timeframe) closing above entry level. For promote, exit after 2 crimson candles closing under entry level.
Have been backtesting ramdomly and appears promising. If there’s a programmer round ship me a PM to debate making a easy EA with some simple choices and share it right here, so we are able to discover one of the best settings collectively!