Candle 1 2 3 on XAUUSD (by Veronica)

16 gen

Description
Discover the Candle 1 2 3 Strategy, a simple yet effective trading method tailored exclusively for XAUUSD on the 15-minute timeframe. Designed by Veronica, this strategy focuses on identifying key reversal and continuation patterns during the London and New York sessions, making it ideal for traders who prioritise high-probability entries during these active market hours.

Key Features:
1. Session-Specific Trading:

The strategy operates strictly during London (03:00–06:00 UTC) and New York (08:30–12:30 UTC) sessions, where XAUUSD tends to show higher volatility and clearer price movements.

Pattern Criteria:
- Works best if the first candle is NOT a pin bar or a doji.
- Third candle should either:
a. Be a marubozu (large body with minimal wicks).
a. Have a significant body with wicks, ensuring the close of the third candle is above Candle 2 (for Buy) or below Candle 2 (for Sell).

Callout Labels and Alerts:

Automatic Buy and Sell labels are displayed on the chart during qualifying sessions, ensuring clarity for decision-making.
Integrated alerts notify you of trading opportunities in real-time.

Risk Management:

Built-in Risk Calculator to estimate lot sizes based on your account size, risk percentage, and stop-loss levels.

Customizable Table:

Displays your calculated lot size for various stop-loss pip values, making risk management seamless and efficient.

How to Use:
1. Apply the indicator to XAUUSD (M15).
2. Focus on setups appearing within the London and New York sessions only.
3. Ensure the first candle is neither a pin bar nor a doji.
4. Validate the third candle's body placement:
For a Buy, the third candle’s close must be above the second candle.
For a Sell, the third candle’s close must be below the second candle.
5. Use the generated alerts to streamline your entry process.

Notes:
This strategy is meant to complement your existing knowledge of market structure and price action.
Always backtest thoroughly and adjust parameters to fit your personal trading style and risk tolerance.

Credit:
This strategy is the intellectual property of Veronica, developed specifically for XAUUSD (M15) traders seeking precision entries during high-volume sessions.

17 gen

Note di rilascio

Update on Fri 17 Jan:
Refined the code for Candle pattern 2 and 3.

22 gen

Note di rilascio

Include Asia session in the indicator.
Please backtest before going to live trading. Start with London and New York session first.

23 gen

Note di rilascio

Update: Auto SL recommendation based on candle 2 low/high and candle 3 close.

18 feb

Note di rilascio

1. Added 2 mode: Professional and Beginner.
Beginner mode will only show PRO trend.
Professional mode will show PRO and COUNTER trend.

2. Added 3 categories of signals:
STRONG buy, buy and WEAK buy
or
STRONG sell, sell and WEAK sell

19 feb

Note di rilascio

Update:
1. Remove colouring the candles outside sessions.
2. Add new features: Alert Strong only, or Alert All signals

21 feb

Note di rilascio

Update: Minor update to make sure the label also shows on other pairs

24 feb

Note di rilascio

Update:
- Strong signal will only show strong patterns.
- Now it also show SL pips and lots for other forex pairs