The 3rd Candle System
The 3rd Candle System
3rd Candle System
Third Candle trading system is very simple and profitable and you can apply this strategy also with Binary Options.
The 3rd Candle System
Time Frame 240 min or higher.
Markets: Forex, Index and commodities.
Indicator:
Exponential moving average 5 period, close. (optional)
Expiry time for binary options high/low 1 candle.
Pattern : two candle with close >open (buy), open<close (sell). The 3rd Candle System
Buy
Find a candle formation above the moving average with open < close.
Place a buy order at opening of the third candle.
For a new setup of buy order wait a candle with open=close or open<close.
Place stop loss below the 2° candle.
Sell
Find a candle formation above the moving average with open > close.
Place a sell order at opening of the third candle.
For a new setup of buy order wait a candle with open=close or open>close.
Place stop loss above the second candle.
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