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Advanced system #8-a (4 CANDLES STRATEGY - BETA)




Its good to be here again after a while of hard research work. I believe in simplicity and money management - good MM i mean. Anytime I move away from those two facts, no matter how good the strategy may be, I will fail.

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Hello James! I am Radu and I want to ask you if can take orders later in the day, even if the candlestick already makes a valid breakout, let s say downwards and after a few hours turns up and go another breakout on the upper side or again go down. I mean if i get up to late and i can't take the first signals. Thanks!

What the conditions are met on the hour chart and then when you go to confirm on the 15 min chart, the stoch is in oversold or overbought territory, do we take the trade or not? because I believe you only mentioned that on the hour charts. Secondly, are all the trades going to be taken on the 15 minute chart?

Hello James, I have a quick question. Are we only taking the trades on the 15 minute chart? and another question is that if the stochastic is not on the OS/OB on the 1hr chart, but is on the 15 minute during the 4 hr candles, do we trade or not?

James isn't here anymore as far as I can see.

My opinion about the questions is next:

- if you missed the first breakout and within a few hours the market gave you another breakout form the same 4 hour candle range, why not take it?

- The hourly OB/OS conditions are important, while the 15 minutes already not. As I can see from the screenshots the 15 min charts focus on the breakout channel, and there is no Stochastic. I agree with that: 1 hour is for taking signals, while 15 min is for precise entry for the ALREADY RECEIVED signals. Need no confirmation no more.