In the Trend Signal strategy, we look for a candlestick to indicate a return to a previous trend following a correction.
This strategy is appropriate for time frames at 15 minutes and a higher with a bigger the time frame the higher the level of precision.
This strategies suitable for all currency pairs commodities indices stocks and futures contracts.
Signal of Buy and Sell
A Signal for entering a buy trade is triggered by an upward trend followed by a correction (downtrend) has been identified and a long bullish candlestick appears whose length includes the three preceding bearish candlesticks.
A signal for entering a sell trade is triggered when the downwards trend followed by a collection (uptrend) has been identified and a long bearish candlestick appears whose length includes the three preceding bullish candlesticks.
The trade should be entered at the start of the first candle stick that opens after the signal. to stop loss should be set at a distance equal to 20% of the length of the correct and candlestick and moved at the start of each new wave in order to lock in profits.