This strategy is taken from Perry Kaufman's book "Trading System and Methods".
You can enter on the direction of the candle, or opposite to it. I find that the opposite tends to yield better results in volatile assets, allowing a better reward to risk ratio. There is no stop loss in this strategy, only a fixed take profit and a time limitation.
This is a swing forex strategy, adapted for big timeframes, such as 4h+.
For this example I adapted the strategy to EUR USD main forex pair.
Its components are:
Hull moving average
Rules for entry
For long: if current high is bigger than previous high and current is smaller than previous low and klinger is positive, close of...
Simple indicator, to show outside bars and inside bars
inside sellbar = "I" in red color
inside buybar = "I" in green color
Outside sellbar = "O" in red color
Outside buybar = "O" in green color
Indicador simples, para mostrar outside bars e inside bars
inside sellbar = "I" na cor vermelha
inside buybar =...