3 positive closes bnf

The strategy takes a buy position when three consecutive candles close higher than the previous candle's close. Position is taken only when the momentum is positive. The strategy is suitable for bullish trending markets.

Order Type

CNC/NRML

Position Type

BUY

Time Frame

5min

Entry Conditions

Multitime frame(5min,Period min(3, Close(0) - Close(-1) ) ) higher than Multitime frame(5min, 0 ) and Multitime frame(5min, RSI(14,0) higher than RSI MA(14,simple,20,0) )

BUY 10 shares when Multitime frame(5min,Period min(3, Close(0) - Close(-1) ) ) higher than Multitime frame(5min, 0 ) and Multitime frame(5min, RSI(14,0) higher than RSI MA(14,simple,20,0) ) at 5min candle interval using Candlestick chart chart. Enter trade between 00:00 to 23:59

Exit Conditions

SELL 10 shares at stop loss % of 1 or target profit % of 0.5 at 5min candle interval using Candlestick chart chart.