STACKING MAGIC STRATEGY

1.     Determine Support and Resistance on the higher time frame, 4 Hours (H4) or Daily (D1).

2.     Robot can pick Lot size depending on the Account size. E.g. 0.01 for a $100 account To $1000, $2000 a/c 0.02 ETC

3.     Ideally, the distance between my Support and Resistance should be at least 200 To 350 Pips.

4.     Since the strategy is candlesticks dependent, move down to the Lower time frame 1 Minute (M1) OR 5 Minutes (M5) to stack the trades.

5.     The trades and ONLY stack in the direction of the trend on the higher time frame. Meaning if the Overall trend in the Higher Timeframe is an Uptrend, then you will only stack BUY positions on the Lower timeframe. E.g. If robot picks the trade on the Buy trend, at every closure of a candle on either the M1 or the M5 TF and is a BULLISH candle robot will pick 1,2,3… positions.

6.     The trades and ONLY stack in the direction of the trend on the higher time frame. Meaning if the Overall trend in the Higher Timeframe is a Downtrend, then you will only stack SELL positions on the Lower timeframe. E.g. If robot picks the trade on the SELL trend, at every closure of a candle on either the M1 or the M5 TF and is a BEARISH candle robot will pick 1,2,3… SELL positions.

7.     Individual trades don’t have Stop Loss or Take Profit, they should have a Global Stop Loss and Global Take Profit.

8.     If market reverses to hit the Global Stop Loss all opened positions should be closed and If Market hit Global Take Profit all positions should be closed automatically.

9.     Robot can look for opportunities on the currency pairs and indices.

10.                        Robot should be able to take trade in an Uptrend, Downtrend and Consolidation Market.