Forums ProRealTime English forum ProOrder support 3 Candle Strategy Reply To: 3 Candle Strategy

#77398

It works good on high TF’s. On DAX Daily it yields good profits, but only 6 trades in 8 years!

I have something to point out:

  1. the higher the TF, the more reliable patterns are (yours, Doji, Hammer, Engulfing, ….); if you are looking for many trades then you must devote to lower TF’s and it is not likely to work!
  2. are you sure your patterns are good? how did they come to your mind… tests, rumors, what else? Because they seem a bit odd!
  3. you set your SL and TP based on the current CLOSE, are you sure the SL (say in a LONG position) is really lower (and TP higher) than entry price?
  4. you never care about the current candle, but THAT is the entry price at which your trade will open.

I mean, maybe you should rethink it a bit… make some changes, or even drop it (I have about 30 running strategies on demo, but I have coded a few hundreds, my trash bin is FULL).