MFS-3 Bars Pattern Strategy by poivronjaune
By poivronjaune
Performance Metrics
- Author: poivronjaune
- Symbol: TSX:GIB.A
- Timeframe: 1 day
- Net P&L: +45.42 CAD (+4.54%)
- Win Rate: 100.0%
- Max Drawdown: 11.18 CAD (1.12%)
- Total Trades: 1
Description
Dec 19, 20243 Bar Pattern Strategy Detects an Ignite Candle followed by a Pullback Candle followed by a Confirmation Candle. A Box will be drawn around the setup and three arrows will identify I, P, C (Ignite, Pullback, Confirmation) the setup. The strategy will calculate a Stop Loss below the Low Price of the Ignite candle and a Take Profit at 2 times the Stop Loss giving a Risk to Reward Ratio of 1:2. Extra conditions are included to reduce false triggers: - A down trend must be detected using 3 SMA (Long, Medium, Short) that should be aligned from Long to Short one above the other. - The Ignite Candle's body must be BELOW the Short SMA An input form is available to adjust some strategy parameters. Performance Note---------------------- Trading conditions are very strict, so most of the time, no signals will be detected in the Strategy window. This strategy should only be one of many strategies used for trade setups.Hope you enjoy it.Dec 27, 2024Release NotesDetects an Ignite Candle followed by a Pullback Candle followed by a Confirmation Candle.A Box will be drawn around the setup and three arrows will identify I, P, C (Ignite, Pullback, Confirmation) the setup.The strategy will calculate a Stop Loss below the Low Price of the Ignite candle and a Take Profit at 2 times the Stop Loss giving a Risk to Reward Ratio of 1:2.Extra conditions are included to reduce false triggers:- A down trend must be detected using 3 SMA (Long, Medium, Short) that should be aligned from Long to Short one above the other.- The Ignite Candle's body must be BELOW the Short SMAAn input form is available to adjust some strategy parameters.Performance Note----------------------Trading conditions are very strict, so most of the time, no signals will be detected in the Strategy window.This strategy should only be one of many strategies used for trade setups.Hope you enjoy it.------------------------------------------------------------------------------------------------------------------BUG FIX : Updated the stopLoss = low[3] -> stopLoss = low[2] take the low of the ignite bar.