@khalids222
I am a bit lazy helping you building this strategy, even it is not so complicated.
However I can give you my advice : I don't think strategies only based on distance between one candle and another are worth it. Because,
- no trend is supposed to last especially on the forex, in a way that if candle 0 > candle 1 the probability that the next candle is also above is close to 50%. 2 bull candles on H1 is an up trend on M5.
- And the probability of the price to reach a point is inversely proportionate to the distance between it and the start point, in a way that the probability of the price to go from 1.1500 to 1.1520 is 2 times lower than the probability to go from 1.500 to 1.510.
So the only utility(or one of the utilities) of fixing different levels of stops is to avoid the unluckiness of loosing an entire trade because of 1 pips, by spreading the targets into 2 or 3 stops to decrease the risk.
I would so add other indicators, more information to take in count in the strategy.


