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 > open and close < open and close < open
IF ca1 THEN
buy at market nextbaropen
amplitude = close - low
// REVERSI BAISSIER
cv1 = close < open and close < open and close > open and close > open
IF cv1 THEN
sellshort at market nextbaropen
amplitude = high - close
// STOP LOSS & OBJECTIF
set stop loss amplitude
set target profit amplitude
No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.ProRealTime ITF files and other attachments :