Forex Doji Reader Candlestick Trading Strategy
Forex Doji Reader Candlestick Trading Strategy:
Low close doji and High close doji are two candlestick patterns.
Trading with doji
Time Frame 4H or daily,
25 EMA Channel (25 Ema High and 25 EMA low).
Buy on the close or on the next open after a new closing high is made from the previous doji candle high, especially when the market is against a key pivot point support target number. • Place stops below the lowest low point of the doji. Stops should be initially placed as a stop-close-only, meaning you do not exit the trade un- less the market closes back below the doji’s low. • Sell or exit the trade on the close or on the next open of a candle that makes a lower closing low near a key pivot point resistance number.
You can use a “filter” or backup process to confirm the buy signal, such as a MACD indicator or channel of moving averages.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Doji Reader Candlestick Trading Strategy?
- Download Forex Doji Reader Candlestick Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Doji Reader Candlestick Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.