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Rules for sell:
1) Candle has a higher high, lower low than previous candle
2) The price high of the current candle has not been touched in at least the 6 previous candles
3) The range of the current candle (high-low) is the largest in at least the 6 previous candles
When that candle closes, place stop sell order 5 pips below the low. Stop loss 5 pips above the high. Target should be made at least 2 times the risk, but able to adjust manually.
Rules for buy:
1) Candle has a higher high, lower low than previous candle
2) The price low of the current candle has not been touched in at least the 6 previous candles
3) The range of the current candle (high-low) is the largest in at least the 6 previous candles
When that candle closes, place stop buy order 5 pips above the high. Stop loss 5 pips below the low. Target should be made at least 2 times the risk, but able to adjust manually.
- Position size automatically inputted as a %risk based on stop loss distance and account balance.
- Multiple time frames can be used and manually input
-Order must be filled within the next candle, or else it must be cancelled automatically.
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