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    How to set Open Buy or Sell After 500 points of every opening Candle

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    • FXAmoneymaker
      FXAmoneymaker last edited by FXAmoneymaker

      0_1575270077395_CANDLE.jpg How to set Open Buy or Sell After 500 points of every opening Candle and also to set a close Buy or Sell before the last 500 points of every closing Candle

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        trader.philipps @FXAmoneymaker last edited by

        @fxamoneymaker Is that the previous candle you describe in your image?

        I like to share my knowledge, but expect the others to contribute as well.

        FXAmoneymaker 1 Reply Last reply Reply Quote 1
        • FXAmoneymaker
          FXAmoneymaker @trader.philipps last edited by

          @trader-philipps
          YES Sir

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            trader.philipps @FXAmoneymaker last edited by

            @fxamoneymaker Okay, if I understand you right, you want to trade the body of the prvious candle, where entry is 50 pips above / below the candle close and you want to exit 50 pips before previous candle close. Right?

            Furthermore if previous candle was a bear candle, you make a Buy trade. If it was a Bull candle, you do a Sell trade. Still right?

            Minimum candle size would be in your example 100 Pips + some minimum profit. Still everything right?

            If so, those would be the steps to do ..

            1. Get body size of candle ID1
            2. Check body size of candle ID1 > than 100 Pips (Plus some minmum profit maybe)
              For Buys:
              3.a) Check if Candle ID1 was a Bear candle
              3.b) Calculate entry price leven (candle close ID1 + 50 Pips)
              3.c) Calculate take profit level (candle open ID1 - 50 Pips)
              3.d) Place pending order or wait until price is at entry level

            For Sells:
            4.a) Check if Candle ID1 was a Bull candle
            4.b) Calculate entry price leven (candle close ID1 - 50 Pips)
            4.c) Calculate take profit level (candle open ID1 + 50 Pips)
            4.d) Place pending order or wait until price is at entry level

            Did I forget something? SL maybe, but you didn't mention what that should be.

            I like to share my knowledge, but expect the others to contribute as well.

            FXAmoneymaker 1 Reply Last reply Reply Quote 0
            • FXAmoneymaker
              FXAmoneymaker @trader.philipps last edited by

              @trader-philipps
              Thanx million times.
              Bless you

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