2 bars strategy on daily time frame
Visually doing back testing gives amazing results on this strategy, looking for some coders to create an EA.
Time Frame: Daily
LONG Trade: Look for 2 consecutive bull candle, set pending long order at high (combining both candles) +10 pips and SL LOW - 5 pips.
TP: none, just keep moving the SL. For Ex. If the trade starts to go in your favor, let it go and keep waiting for 2 consecutive bear candles, once identified move the SL to LOW-5 pips of these 2 bear candles.
SHORT Trade: Just opposite of LONG
OK, lets say your pending LONG order didn't trigger and you see 2 bear candles, Cancel the long order and set pending short as per strategy.
Following ex of AU trade
Attached Image (click to enlarge)
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