3 candle strategy (3 candle strategy) | Foreign exchange EA download- MT4/MT5 resources
Hi guys I got this from the internet.
3 candles strategy.
Ok the color of the first candle does not matter.
I will only explain sell strategy all you have to do is reverse it for buying.
We have a bullish market. The high of the second candle is higher than the high of the first candle, the low of the second candle is higher than the low of the first candle, and the second candle closes as a bullish candle. We open a sell when the 3rd candle opens. Our sl is on top of the high of first candle tp is at the close of the 3rd candle. Last filter is optional. First candle's volume is lower than the second candle's volume.
You can understand all about 1st 2nd and 3rd candle from my post.
3 candles strategy.
Ok the color of the first candle does not matter.
I will only explain sell strategy all you have to do is reverse it for buying.
We have a bullish market. The high of the second candle is higher than the high of the first candle, the low of the second candle is higher than the low of the first candle, and the second candle closes as a bullish candle. We open a sell when the 3rd candle opens. Our sl is on top of the high of first candle tp is at the close of the 3rd candle. Last filter is optional. First candle's volume is lower than the second candle's volume.
You can understand all about 1st 2nd and 3rd candle from my post.
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