i am sharing profitable strategy, which is customized one from default camarilla
we need to execute continuously, what script we are choosing daily to trade same script as per strategy
results are good, watched manually.. if it is designed as customized indicator , will be useful to all traders..
logic i am sharing here :
Camarilla Levels based Trading
Entries based on
H3 / H4 / L3 / L4 :
H6 = (1*(H-L)/2)+C (TARGET FOR BUY )
H4 = (1.1*(H-L)/2)+C ( STOPLOSS FOR SELL AND REVERSE NEW BUY)
H3 = (1.1*(H-L)/4)+C (ENTER A NEW SELL & TARGET FOR BUY TAKEN AT L3)
L3 = C-(1.1*(H-L)/4) (ENTER A BUY )
L4 = C-(1.1*(H-L)/2) (STOPLOSS FOR BUY AND REVERSE NEW SELL)
L6 = (1.1*(H-L)/2)+C (TARGET FOR SELL)
H= Previous Day's High
L= Previous Day's Low
C= Previous Day's Close
STOPLOSS and Reverse Trade :
Calculate 0.4 % from the camarilla levels upside/downside for exiting BUY/SELL positions.
Target : nearby camarilla level at upside/downside for profit booking.
** Entries strictly at L3/L4/H3/H4
** If first entry is profit no more trading
** If first entry is loss, the next entry can be done
** if both entries loss, no more trading for the day.