Hello BOE citizens
this is my first post after enjoying and benefiting a lot from this community here is my share after more than 2 years of researches for the most profitable and long run strategy
my strategy is based on consecutive candles i remarked that in1m charts the max number of candles in a row is about 19-20 candles since i use martingale for a reversal it can be very risky but i found a way to avoid those fatal waterfalls without more bla bla bla examples can deliver the message more than words .
so i enter trade after 8 consecutive candles with a martingale up to 8steps i know i said it can go up to 20candles but we gonna use a filter to avoid waterfalls here is an example
as u can see the waterfall begins above the EMA100 so to avoid being caught in this waterfall we gonna start the count of candles from the first candle below the EMA100 if we do so our martingale will win in the 3rd step .
here is some other examples
same thing here we gonna begin the count in the first candle above the EMA100 and we win at the third step of martingal
in this example we have respected the rules. the count of candles begin below the EMA100 and we won at the 7th step of martingal this example is very rare but we are still winners in the majority of cases it doesnt exceed the 5th step thats why i told in the biginning to have at least 8steps martingal personnaly with this strategy i never had a hit
so the key is to respect the rules we begin counting candles below or above the EMA100 and we will be safe there is not a lot of trades but if we we monitor a lot of pairs we can have easily 10 to 15 trades per day sometimes less sometimes more but this is so far the best strategy that i found.
here is what usually looks like:
u can use some indicators of counting candles like the one i use and that i found in this forum i will attach it in this thread and u have to change the sitting of indicator to 8 or whatever u like it all depends on ur own MM
thats all i hope u will like this strategy and find it usefull dont hesitate to share ur experience with this strategy or if u have any suggestion to make it more profitable
have a great day folks