This is one of the fairly simple strategies, without using any indicators, just not being color blind is a good strategy. This approach is devised by a math instructor in the factory community. Do not say much more, start whipping.

The setup is as follows:

Indicator: Not required

Time frame: D1 or H4

Currency Pair: Any (the author uses GBPJPY)

How to enter an order:

• For frame D1: Trade with candles one by one
• For H4 frame: Trades when candles change color or one candle at a time
• Place a buy order: When a candle has just ended, place a buy stop order at the top of that candle
• Place a sell order: At the end of a candle, place a sell stop order at the bottom of that candle

Note:
• If placing a buy stop order but the price has broken the bottom of the previous candle, delete the buy stop order
• If placing a sell stop order but the price broke the previous high of the candle, delete the sell stop order
• If at the end of a candle the price has not triggered a buy stop or a sell stop, delete it and start looking at a new candle
• If the new candle opened is higher than the high of the previous candle, place a buy order immediately
• If the new candle opened with a lower price than the bottom of the previous candle, immediately place a sell order at the market price
Stop loss, take profit:
• Draw Fibonacci, adding the levels 100, 200, and 300.
• If it is a buy order, drag a line from the top to the bottom of the nearest candle. Sell ​​orders do the opposite.
• The entry point is at 100, SL at 0, TP1 at 200, and TP2 at 300. Thus, the Risk: Reward ratio is 1: 1 or 1: 2.
• If you have reached TP1, you can use Trailing Stop to preserve profits