Inside Bar with Heikin Ashi (Inside Bar with Heikin Ashi)
Hi everyone this is not my first post, sorry for my bad english I want to share my strategy!
However, this is a simple strategy using Heiken ashi's Inside Bar price action,
On daily chart or h4 chart
An internal column is a column or series of columns that is completely contained within the range of the previous column.
However, this is a simple strategy using Heiken ashi's Inside Bar price action,
On daily chart or h4 chart
An internal column is a column or series of columns that is completely contained within the range of the previous column.
- A green box is an interior bar but remains intact
- A blue box is a bullish breakout from the inside
- A is a bearish breakout of the inside bar
Entry conditions
3 Buy stop loss at a higher position on the inside line
3 Sell Stop Below Inside Line
Exit conditions/fund management
Use Fibonacci to determine take profit and stop loss (see image)
Another way I use is to close the position when the Heikin Ashi candle changes color (see picture), this is great when the price does not reach the first target
The Fibonacci numbers are: 0, 1, 1,5, 2, 2,5.
When the price reaches TP1, move the stop loss to breakeven and close 1 trade.
When the price reaches TP2, move the stop loss to TP1 and close the second trade.
TP3 is take profit
Attachment to original post (1)
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