Next Candle méthodes
If the big candle type closes. Opposite to the trend type and did not break the general trend line, or moving average line the next candle will be equal to the trend type and larger than the previous candle and have a large body
And if a large candle type closes equal to the general trend type , then the next candle will be equal type to the general trend, often smaller than the previous candle or settling, and rarely larger than it, and often long tails will appear.
Moving averge indicators act as a general trend line or manually draw a trend line
Frame daily frame and above and the best daily
On the opening price
Period 25
The type is of trend line draw or moving average only one line
Access
It is after the close of the big candle immediately
Exit
After the second candle closes after the big one
Stop Loss
The body of the volume of the first fast or large candle
Note the speed of the candle is measured by the extent of the difference between the current and previous candles, and it is preferable that the difference is a doubling or more than a double
Conditions are that the movement takes place away from the general trend line, i.e. in a strong direction
We know this when the price has opened at least five candles away from the moving average or the trend line, and these conditions have occurred.
Expert settings
Alframe
Trend measurement tools
Moving Average
Price Chanel
Conditions settings
The size of the quick candle compared to the size of the previous candle or candles
The number of previous comparable candles
The number of candles departing from the trend line and the statistic
Lots settings
Automatic determination of risk in percentage of capital
Risk amount
The risk in lot size is manual
Stop loss is the size of a large candle
Take Profit target of the fast candle volume in percentage
Determine the take profit as a percentage of capital
Automatic determination of TechProfit by the amount in dollars or euros according to the account currency
Trailing stop, trailing stop, and the distance between price and trailing stop in pips
Or in the currency of account
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