My strategy is based on complicated engulfing candlestick pattern
(Pattern). This pattern consists of 4 or more candles, up to 30 ones.
Its uses past 30 candles to make logical trades. The strategy makes
the
reading of the last 30 candles. This my strategy, negotiates in the
GBPUSD pair using fixed lots of 6. The strategy will execute a buy
order if close price of the last candle (Main Candle) is greater than
open and close prices of the all prievous candles (Small Candles)
from
the Pattern. Beside that, low price of the Main Candle must be lower,
than close or open price any candle from the Pattern.The strategy
places a "stop loss" order a 200 pips under the Main Candle's low and
a "take profit" order a size of Main Candle's body above entry price.
The strategy will execute a sell order if close price of the Main
Candle is lower than open and close prices of the Small candles from
the Pattern. Beside that, high price of the Main Candle must be
higher, than close or open price any candle from the Pattern. The
strategy
places a "stop loss" order a 200 pips above the Main Candle's high
and
a "take profit" order a size of Main Candle's body under entry price.
The number of small candles must be at least 3 for timeframes
(M10, M15, M30, H1) and 2 for H4 timeframe. Each open position have
an
expiration time equal to the sum of the Small Candles. This mode of
strategy is called the "Time Mode". If the position is in profit
after expiration, then this position is closed, else the strategy
sets
a "take profit" order at +1 pips.
Full description of my strategy on blog:
https://www.dukascopy.com/fxcomm/blog/?nickname=Trillionsfund