TRADING STRATEGY - RISE ON ( REVERSAL TRADE SETUP = SELL TRADE SETUP )
Condition for RISE ON (REVERSAL TRADE SETUP) = SELL Trade Setup (1 RED BAR Inside 3 GREEN BAR )
1. Mother Bar (Red Colour = open is greater than close ) = which has 3 Green baby bar all high & low of 3 baby bars inside in the mother bar
2. First Green baby bar close is greater than mother bar close.
3. Second Green baby bar close greater than first baby bar.
4. Third Green baby bar close is greater than second baby bar.
5. ( Special case candle ) Mother Bar if OPEN = HIGH same than don't show in scan, mother bar high > open ( Or just ignore the trade )
1. SELL = Three Baby Bar Lowest Low Breaks
2. STOPLOSS = Highest High of Three Baby Bar Candle,
3. TARGET = Double Range (200% of mother bar range) Target from the Three Baby bar Lowest Low.
1.If u wish to put buffer it will save u from false entry ( buffer of 0.05 - 0.10 % )
2. Trail Ur Stoploss for Exit in Profit.