BTCUSD, winning candlestick color indicator signal #3
Hi guys, please give me a LIKE if you find this idea interesting, candlestick color indicator signal #3 has formed again. Over the last two days I made 600% using it. As before, I use STIXEX for this strategy, in other words, I place trades whether the next candlestick in the price chart will be red or green. I will not get into the details how STIXEX or my indicator works, but here is an excerpt from one of my posts, and you can also join “candle color options” chat right here on TV for more discussions:
“The interesting fact about candlesticks is that in the long run, there are always the same number of green and red candlesticks, regardless if the market is going up or down. So when the number of, for example, red candles rises above the mean (for example there are 55 green candles out of the last 100 candles), this gives us an opportunity to start placing trades on red candles in the anticipation that the number of red/green candles will revert back to the mean (50/50).”
HOW TO TRADE THIS SET-UP: At the moment, the indicator is showing that there are 55 green candles out of the last 100. So now, every time when new red candle forms, I will place a trade that the next one will also be red. I will trade until I am up by 300% (STIXEX pays fixed 100% payouts on winning trades) or until red/green ratio of the last 100 candles goes back to 50/50 (50 red and 50 green candles out of the last 100). I trade 15min candles, so if you want to trade along make sure that you follow me.
If you are not familiar with “color options”, ask me in the comments section or join a chat right here on tradingview - candle color options.
Please follow, like and comment !
“The interesting fact about candlesticks is that in the long run, there are always the same number of green and red candlesticks, regardless if the market is going up or down. So when the number of, for example, red candles rises above the mean (for example there are 55 green candles out of the last 100 candles), this gives us an opportunity to start placing trades on red candles in the anticipation that the number of red/green candles will revert back to the mean (50/50).”
HOW TO TRADE THIS SET-UP: At the moment, the indicator is showing that there are 55 green candles out of the last 100. So now, every time when new red candle forms, I will place a trade that the next one will also be red. I will trade until I am up by 300% (STIXEX pays fixed 100% payouts on winning trades) or until red/green ratio of the last 100 candles goes back to 50/50 (50 red and 50 green candles out of the last 100). I trade 15min candles, so if you want to trade along make sure that you follow me.
If you are not familiar with “color options”, ask me in the comments section or join a chat right here on tradingview - candle color options.
Please follow, like and comment !
Comment:
So far I am up by 100%, but the indicator has moved to 57 green candles, it is a very good entry point to enter for those who have not done it.
Trade closed: target reached:
My target was reached, I made 300% today. As per my rules, as soon as red candle formed, I placed a trade that the next candle will also be red. After a win, I would allow for the green candle(s) to form and then wait for the red candle again, after which I place a trade that the next candle will be red again. Rinse repeat, so to speak. As you can see, I had 7 trades and 5 of them were winners and 2 losers, for the total of 3 wins ( or 300% profit, since STIXEX pays fixed 100% profit on a winning trade).
My target was reached, I made 300% today. As per my rules, as soon as red candle formed, I placed a trade that the next candle will also be red. After a win, I would allow for the green candle(s) to form and then wait for the red candle again, after which I place a trade that the next candle will be red again. Rinse repeat, so to speak. As you can see, I had 7 trades and 5 of them were winners and 2 losers, for the total of 3 wins ( or 300% profit, since STIXEX pays fixed 100% profit on a winning trade).
