Greetings, My strategy involves using Orderblocks (OB)/Broken OBs/IMB after a big movement happen.
In order to identify the correct OB I look that the price has broken a previous high or low so the OB its validated. Second the way I identify the OB are in the following way I select the opposite last candle from the movement.
1-I identify my first confirmation using either IMB or Broken OB or OB in the current timeframe selected that has broken a previous high or low and draw a rectangle from the high of the wick to the low of the wick for either IMB or OB identified.
2- After identifying my first confirmation then I identify my second confirmation in a lower timeframe that can be either a IMB or OB inside the first rectangle and draw rectangle from the high of the wick to the low of the wick for either IMB or OB identified.
3- After that I draw the fib from the high of the second box inside to the low of the second box and place the entry in the 50% or 60%
4- The SL must be above the high of the first box of OB (It should have a panel for me to decide how many points I want to use for SL for the current setup)
5- The TP must be on the close of the last candle that broke the high or low.
6- It needs a position calculator (Risk Management to determine what lot size use for the corresponding balance and determine the loss with the selected SL in points after knowing where I will place my SL in above the rectangle box)
7- It needs a news filter included for the MT4/MT5 version for Tradingview version not needed.
8- It needs to have a an option I want it full auto or semi auto.
(If you need a screenshot I can provide)
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Regras