Trading Target Candles, page-1792

  1. 2,725 Posts.
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    Hi Sharks

    Your EA is looking good, those small take profits seem to be the way forward in my opinion.
    I hope to get my first scalping model up on demo trading this week, just another day to finish it off.
    This first model will be a trending model based on work you will have seen before. The only different is it will have a bias based on the daily candle, not the weekly candle.
    I will be basing the trend in the direction of when the price crosses one of my favourite MA’s, the 5 EMA Shift 3.
    Like yours it will run on M5 and enter at every cross in the direction of this day bias.
    I will show my chart this week but it will be using ABP averaging candles (HA) trading till a change in colour.
    I still believe a reversal model may be the best
    model but I am starting testing this one first.
    lets see if it works as it should.

 
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