Buy entry at market once a HA candlle closes above Senkou Span B and above 5 SMA applied to high.
Sell entry at market once a HA candle closes below Senkou Span A and below 5 SMA applied to low.
No SL/no TP. Exit Will occur whenever a HA closes below 5 SMA applied to Low for buy trades and above 5 SMA applied to High for Sell Trades.
Money management: the original thread used an aggressive martingale scheme (for each 1000$ in the account, first trade at 0.01 lot, if it is a loser, 2nd trade at 0.06, 3rd trade at 0.11 lot etc...). This is very risky and sooner or later will blow the account. I recommend the following money management rules with smooth martingale which proved to reach max dd of 35% since 2005:
First trade at 0.01 lot for each 1000$ in the account and then, increment the risk by 0.01 lot (i.e. 0.02 for the 2nd trade, 0.03 for the third trade etc...). The worst sequence occurred in 2017 with 11 losers in a row. A way to avoid such bad ranging period is to draw support and resistance lines on a normal candle chart and enter only when there is a breakout. In you looked at the chart in 2017, you will see that it was quite easy to do.
In an important point of this money management strategy is to stop the martingale cycle whenever you have a positive trade. Our goal here is first to protect our capital. For instance, if you 1st trade lose 100$, your 2nd trade lose 120$ and your 3rd trade win 180$. Stop the cycle and start again at 0.01. Yes, this cycle lose 40$ but sooner or later you'll catch a big trend run and your 3rd trade will cover the previous loses and more.
Just want to mention as well that I do not take into account the first H4 candle of the day as it is sleep time for me (the backtest I indicated previously reflects that). If this candle triggers a trade, I will enter on the close of the second candle if conditions are still valid.
I let herebelow the mt4 template, although it is easy to build. Will show a trade example in the following post.
