Trading Logic. Where and how strategy trades. Its uses past 2 candles
to make logical trades.Upon satisfying the the condition
=>if(close2>open 1 & low2>low1 & high1>low2 )
=>then buy equal or
more
than 5 million AUD/USD with 25 pips take profits and stoploss 50.
else
sell equal or more than 5 million AUD/USD with 25pips take profits
and
stoploss 50.) (Description of patterns that i am trading. Candles
has
been used to identified short term pattern .2 past candles are used
to
look up recent pattern and trigger buy or sell according to trend.)
(Description of indicators Currently not using any indicators but in
future i can add indicators to improve strategy.) (Time frames This
strategy is designed for intraday trading and that's why 15min
time
frame has been chosen.) (currency pairs AUD AND USD are two
currencies which are traded globally with high volumes and very
popular among many trader in the asia, thus chosen it.) (Take Profits
and
Stoploss
Range of pips is very small in 15 minutes time frame and that's
why
Take profits of 25 pips has been settled in this strategy. Basically
this strategy used pattern to find possible orders and in my
experience pattern is popular among friend and all traders trade with
some kind of candles pattern and generally put stoploss 50 ,so as to
satisfy postive risk reward ratio. (Other settings Not other setting
has been put in this strategy but can be update in future.)