4 Consecutive Candles Strategy

MQL5 专家

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My strategy is find 4 consecutive candles, can be bullish or bearish

 

1- Example of 4 consecutive candles bullish

if candle NO 1 close >= close previous candle

and candle NO 2 close >= close candle NO 1

and candle NO 3 close >= close candle NO 2

and candle NO 4 close >= candle NO 3 close then place buy order on the opening of next candle

 

2- Example of 4 consecutive candles bearish

if candle NO 1 close <= close previous candle

and candle NO 2 close <= close candle NO 1

and candle NO 3 close <= close candle NO 2

and candle NO 4 close <= close candle NO 3 then place sell order on the opening of next candle

 

Stop Loss will be placed at the mínimum of candle no 3 if we are going bullish and and the máximum of candle no 3 if we are going bearish.

The take profit (bullish) will be set at the number of pips counting from the distance between the mínimum of candle no 3 and the close of candle no4 multiplied by 2(changeble). 

The take profit (bearish) will be set at the number of pips counting from the distance between the maximum of candle no 3 and the close of candle no4 multiplied by 2(changeble).

It’s allowed to open multiple operations

Frime tame 4h, changeble




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