30-Minute Candle Strategy by singhekansh09
By singhekansh09
Performance Metrics
- Author: singhekansh09
Description
30-Minute Candle Trading StrategyThis strategy works on a 30-minute candle timeframe. When a new 30-minute candle opens, the following actions will take place based on the previous 30-minute candle's closing price:Buy Trade Setup:If the market opens above the previous 30-minute candle's closing price, a buy trade will be executed immediately at the market price.The stop-loss will be set at the previous 30-minute candle's closing price.There will be no fixed target.The trade will be closed 1 minute before the current 30-minute candle closes, regardless of profit or loss.Sell Trade Setup:If a buy trade hits the stop-loss and the market moves below the previous 30-minute candle's closing price, a sell trade will be executed immediately at the market price.The stop-loss for the sell trade will also be set at the previous 30-minute candle's closing price.There will be no fixed target.The trade will be closed 1 minute before the current 30-minute candle closes, regardless of profit or loss.Procedure:This process will repeat for every 30-minute candle.If the market crosses the previous 30-minute candle's closing price to the upside, a buy trade will be executed, and the stop-loss will be set at the previous candle's closing price.If the market crosses the previous 30-minute candle's closing price to the downside, a sell trade will be executed, and the stop-loss will also be set at the previous candle's closing price.Each trade will be closed 1 minute before the current candle closes.Key Points:This strategy applies to every new 30-minute candle.The stop-loss will always be based on the previous 30-minute candle's closing price.If a stop-loss is hit, the strategy will automatically switch to the opposite trade (buy to sell or sell to buy) based on market movement crossing the previous candle's closing price.This is a repetitive and systematic approach to trading, ensuring the rules are followed for every 30-minute candle.