High spread candle ( more than 150 pips)
High volume >= 10K
Low volume < than 7K (this is actually a filter but not a true low vol)
When candle closes on low with high/low volume and the spread is high- should open buy
When candle closes on high with high/low volume and the spread is high- should open a sell
Because of volume Differences between brokers, users would need to define what exactly high and low volume is.
Also because not all 4 hr candles are created equal- user would need to define what a high spread candle is.
By user defining the spreads this would give versitality for other pairs and TF's.
Candles with high spread and Volume between 7.1K -9.9K should be considered traded in the direction of the close, low = sell and and high close would be a buy signal.
Candles with low spreads and High volume are where sellers and buyers hide during news (filtered out of our equation for now)- but lower TF's reveal...
For the PIC
The Blues would have bought at/near bottom, The red would have sold at near top/ The yellow (there is actually two) the close was in the middle but the V has high so the close high/low filter would not take a trade in either direction)
can not see the picture.
On my post it states "pending approval"
I guess some charts can be too 'graphic' for this audience...
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Hi
I primarily trade manual with VSA--But see some opportunity on the 4hr charts of the GY. I'm not looking for a 100% VSA robot (yet)- only a few key signals: Trades may only develop once or twice per week-- However the EA can key the trader into look for manual set ups. (As these low volume high spreads are either weakness or tests)
High spread candle ( more than 150 pips)
High volume is more than 10K
Low volume is less than 7K (this is actually a filter but not a true low vol)
When candle closes on low with high/low volume and the spread is high- should open buy
When candle closes on high with high/low volume and the spread is high- should open a sell
Stop loss would be 50% of the spread (high-low) last two candles. {[c1(h-l)+c2(h-l)]/4}
Take profit would be 162% of the last two candle spread. {{[c1(h-l)+c2(h-l)]/2}*1.62}
Because of volume Differences between brokers, users would need to define what exactly high and low volume is.
Also because not all 4 hr candles are created equal- user would need to define what a high spread candle is.
By user defining the spreads this would give versitality for other pairs and TF's.
The GY 4HR is a good way to keep this KISS for a decent R:R