Filters

Average Price Bar Chart

Setup Candle (SC) – Valid Entry should be visible at the close of this candle

Entry Candle (EC) – Trade should be entered at the open of this candle. Normally, EC is the succeeding
candle of SC.

1. SC (Blue or Red) should close out of the channel. SC should be the first of such candle that is closed
out of the channel.

2. SC should be 1st , 2nd or 3rd of the ongoing trend

3. SC candle should not have any wick to the opposite side of existing trend.

4. SC candle’s wick in the side of trend should not be higher than 1/3 of the candle body.

5. SC candle body should have closed out of the the Ichimoku Cloud.

6. At the Opening of EC, Channel should have angled to the side of the trending side indicated by SC.

7. Both MAs OR One of the MA of the Channel at the Opening of EC should be

a. Should have come out of the Cloud -Better

b. Has come inside the Cloud - Good
c. Is in the opposite side of the Cloud – Bad

Time Frame : H1

Best Times : On or after London Open till Close of US

Risk (Stop Loss)

1. Should try to make it below 20 pips. At max, should restrict below 25 pips.

2. 3 pips below/ above Kijun Sen at opening of EC.

3. 3 pips below/ above SC

4. 3 pips below/above of Recent Swing Low / High in 1H / 15 M candle chart

5. 3 pips below / above Cloud Low / High

Take Profit (TP)

Open Two Trades

TP of First Trade = 1 x Risk

TP of Second Trade = 1.5 x Risk