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Trend Forex Candlesticks Strategy
This is a system that uses candlestick to trade and works on 4 hours or daily timeframe. Applicable currency pairs to use this system is all currency pairs.
Forex Indicators:
- CPI or Pattern Recognition Master;
- Real MACD.
- Non Lag MA.
Long Entry:
- Real MACD must be Green.
- Non Lag MA is Cyan and there is a candlestick pattern up.
Short Entry:
- Real MACD must be Red.
- Non Lag MA is Red and there is a candlestick pattern down.
Exit Position:
- Stop loss on higher or lower candle signal pattern.
- Target Profit on daily Pivot; to close position at the closed bar entry.
- 4H Timeframe: EUR/USD 25 pips, AUD/USD 18 pips, GBP/USD 30 pips, EUR/JPY 30 pips, GBP/JPY 33 pips.
- Daily Timeframe:EUR/USD 50 pips, AUD/USD 40 pips, GBP/USD 60 pips, EUR/JPY 60 pips, GBP/JPY 65 pips.
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