CANDLE COUNT SETUP PINE
This strategy works on a very simple rule
If X consecutive candles are Green, Buy on opening of Next candle
If Y consecutive candles are Red, Short on Opening of Next candle.
In this Strategy we have added a lot of dynamic options for user to play around.
Candle count : User can choose how many consecutive candles should be red/green.
Target 1 : In points and percentage
Target 2 : In points and percentage
SL : In points and percentage
Trailing SL : In points and percentage
Switch to toggle between Intraday mode and Positional mode.
Intraday start and end time range
Quantity : Fixed/exposure based.
%QTY exit and target 1
and few other risk management settings.
This CODE can be connected to many discount brokers for fully automated trade via ALGOFOX.