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highly recommended
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The strategy is pretty simple. Open a trade after 2 consecutive same color candles. Auto break even and a trailing stop loss.
Ex:
RANGE 88 Candles
after 2 green candles opens a Long position.
TP set to 88 points
SL set to 22 points
After reaching 10 points in profit move SL to Break Even.
when reaching 22 point in profit 22 points Trailing stop
Modifiable parameters on strategy:
Start time
End Time
Target
StopLoss
Daily Stop Loss
Auto Break Even (How many points to auto breakeven)
Trailing SL (How many points Trailing stop moves from price)
Live trailing SL or move on bar close (on/off switch)
Long/Short/ Long & Short. (option to set up if it opens just Long, Just Short or both kind of positions)
Strategy works according to chart temporality I set? Or it must be stated?
When testing strategy on Ninjatrader´s Strategy analyzer Time Series can be set?
Hope I explained it well!
Please let me know if there's anything that needs to be clarify
just for reference I´ve added a screenshot of how should an entry look like.
Notes:
No new position should open until previous trade has hit Target or SL. (Or if been closed manually)
Please let me know if you have any question.
thanks!!
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