The "Reversi 4" strategy

Hi all,

Here is a little strategy of my own. It will not give you millions of dollars, buy it is very simple (no indicators), and effective on much forex pairs and timeframes.

As we can see, performance can be done with simple things.

A picture worths a long description.

Here is a “Bullish Reversi” : 2 bearish candles, followed by 2 bearish candles

Here is a “Bearish Reversi” : 2 bullish candles, followed by 2 bullish candles

The trade rules are very simple :

“LONG” entry when we have a bullish Reversi

“SHORT” entry when we have a bearish Reversi

Stop loss : at the lowest / highest of the previous candle.
Take profit : equal to the stop loss.

Defparam cumulateorders = false

// REVERSI HAUSSIER
ca1 = close > open and close[1] > open[1] and close[2] < open[2] and close[3] < open[3]

IF ca1 THEN
 buy at market nextbaropen
 amplitude = close - low
ENDIF

// REVERSI BAISSIER
cv1 = close < open and close[1] < open[1] and close[2] > open[2] and close[3] > open[3]

IF cv1 THEN
 sellshort at market nextbaropen
 amplitude = high - close
ENDIF

// STOP LOSS & OBJECTIF
set stop loss amplitude
set target profit amplitude