High accuracy candle signal - FOREX strategy

This forex pattern simply tell us, that effort of one group of traders (bulls/bears) that lasted up to three hours was overturned in one single hour session. Winning group administered a beating to the losing group. To recover from beating takes some time. This is therefore a high probability signal.

 

Losing group will not come to fight in next couple of candles. We can use this market situation to enter the position, however it does not tell us about long term trend. Other tools can be employed such as forex indicators (RSI, moving averages, ADX) and trendlines. However, strategy as suggested doesn't require you to use any of them.

 

It is closely related zero scalping strategy the best scalping strategy. Using 50/50 approach to exit the position.

 

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

 

This entry signal is much more accurate. It is so accurate that you don't have to rely on trend identification. Instead you can just focus on signal, making money and finding investors.

 

Forex strategy rules

We will be looking for  three consecutive candles. Either bullish or bearish, regardless of price development.

Our simple signal will be single candle to opposing direction, surpassing three previous candles and closing beyond them.

 

 

 

 

BUY: Three consecutive bearish candles. Followed by strong bullish candle, closing above open of first bearish candle. We enter on bullish candle close (signal completion). We place stop loss below low of the formation. Distance between entry and low will be mirrored as take profit.

 

 

SELL: Three consecutive bullish candles. Followed by strong bearish candle, closing below open of first bullish candle. We enter on bearish candle close (signal completion). We place stop loss above high of the formation. Distance between entry and high will be mirrored as take profit.

Notes

 

As you can see this strategy uses equal TP and SL. It means that in absolutely chaotic market, results will closely resemble coin toss. However, this is highly logical and accurate signal. Success rate can be as high as  90 percent. Imagine winning 9 out 10 coin flips, when you need just 6 out of 10 to be in profit !

 

 The Best things are fo free. As this super simple and super effective forex strategy. You can also test it for yourself on your forex chart.

 

 

 

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THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

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