Aim of this strategy : To find the high probability of profitable turning points.
Indicator : BB 60,2 & 60,3 & 60,4
Stochastic 5,3,3 & 8,3,3
Fractals
Entry : Fractal appears and the candlestick must near to the upper or lower bb, except the middle line of bb. Both stochastic must be overbought or oversold.
Timeframe : All timeframe can be use. The higher timeframe, the higher accuracy of the turning point and profit.
I hope if anyone using similar system can give me some opinion to tune this system to be more accurate to find any profitable turning point.
Hi leonlee0116j,
You don’t mention the different usages of the 3 BBs; why need 3? what are the 2nd and 3rd BBs for?
Neither you state your SL & TP plans on your system.
Please elaborate on those. Thanks.
Do you enter the trade after the close of the fractal formation candle?
[QUOTE=“Wibie G;686951”]Hi leonlee0116j, You don’t mention the different usages of the 3 BBs; why need 3? what are the 2nd and 3rd BBs for? Neither you state your SL & TP plans on your system. Please elaborate on those. Thanks.[/QUOTE]
All 3 upper and lower bb are the same. Whenever candle on those line stand a chance to turn its current direction.
Sl and tp are difficult to elaborate because every pairs got different moving pips in a day. But this system on every pair. Beside forex, I also trade UsOil , gold, and some stock.
[QUOTE=“meads797;686991”]Do you enter the trade after the close of the fractal formation candle?[/QUOTE]
Yes. The candle with fractal on it must be close and you can enter the trade once it meet all requirements on the next candle.
dear
i am new, i like to trade big time frame, can anyone give me a simple stetagy fr h4 hour chart
