I have written a post on my blog about my Candlestick Trading Strategy.
First and foremost keep this in mind trading is a game of probabilities.
You will never be able to win every trade.
A winrate above 70% is what we want in our candlestick trading strategy.
You should focus on risk management more than profit.
I use candlestick patterns on H4 time frame to find low risk entries that catch the big moves in the market.
You can read the post in which I explain in detail how I make 200 pips with a small stop loss of 20 pips.
I have this risk management rule written in stone for me.
I never open a trade with a risk of more than 10-20 pips.
Most of the time I only open a trade with risk less than 15 pips.
Sometimes when the opportunity is very good, I can open a trade with a risk of 20 pips. But never more than that.
You just need to make 5 such trades in a month and you will make 1000 pips.
Second rule that you should write in stone in your trading rules book is:
Never will I overtrade.
Only open 1 trade. When it goes in profit, move the stop loss to breakeven and only then you can open the second trade.
Read my blog post where I explain my simple forex strategy that make 200 pips with a small 20 pip stop loss.
