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Candle Pattern Volume Long 15-Min Strategy

by TrendSpider Team
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Built for long positions on AAPL, this strategy employs a 15-minute timeframe. It focuses on entering trades when specific candle patterns like Doji, Engulfing, or Hammer appear on high Relative Volume. Suitable for stocks in the Consumer Electronics industry, it may also work with other similar stocks.

Entry Conditions

All of the following: # "X-ray"
  15min Relative Volume (20, SMA, 1) > 2
  Any of the following:
      15min Hammer Evolves
      15min Engulfing Bullish Evolves
      15min Doji Evolves

Exit Conditions

Take Profit Exit if gained more than 5%.
Stop Loss Exit if lost more than 2%.

Developer Info