I have another idea to share with others. Simple. Suggested to trade pairs with 2,3 or 4 spreads. Use 5 min or 15 min chart.
1. Only need RSI 4. (level 25, 50 and 75. We work from level 50 upward and downward)
2. Buy : open buy position once first candle emerges above level 50, follow by second candle above level 50, follow by third candle till total profit in pips goes more than 10 pips. (if first and second candle already in profit more then 10 pips, we don't have to open third candle. Or the first candle spikes to 10 pips profit, then that's all.)
3. Sell : vice-versa
4. Take profit : as above, 10 pips or more, all positions close at the same time. For higher time frame, I will adjust to any reasonable pips profit.
5. Stop loss : if buy, stop that buy candle once a new candle emerges on the other side. (if 2 buy candles already open and the next candle open on the other side then auto close that 2 candles together. Open first sell candle..and so on)
I suppose this idea is good with strong trend and ranging market.
Note : for buy : price must come below 50 level/or the last candle closed must be from below.
for sell : vice-versa
Hope others will benefit from this strategy.