EVENT CANDLE STRATEGY
❖ We will use 30 Minutes Timeframe
❖ When a Big Event candle is formed, we wait for the price to break
above or below the highest or lowest point of that same candle.
❖ If within next 3 hours, the candle closes above or below the wick of
the event candle, we enter the trade.
❖ We will place a small stop loss (maximum 40-50 pips) below the
entry candle or a group of small candles that form after the event
candle.
❖ Target – 1 or 2 Pivots. If The first Pivot is under 80 Pips, consider
second pivot as the target.
❖ Take only 1:3 and above RRR Trades.
❖ Trail 50 EMA after 80% Target is achieved
❖ Usually, this strategy takes 2-3 days to give the result.
❖ Pivot Settings
❖ Entry Not Activated Examples
❖ Our 6 Months Backtested Data (Approx)
1. USDJPY
a. Total Trades – 15
b. Target – 6 (1246 Pips)
c. SL Hit – 8 (346 Pips)
d. Trailing Exit – 1 (96 Pips)
e. Win rate – 46%
2. USDCHF
a. Total Trades – 30
b. Target – 11 (1286 Pips)
c. SL Hit – 13 (395 Pips)
d. Trailing Exit – 2 (157 Pips)
e. Win rate – 50%
3. USDCAD
a. Total Trades – 22
b. Target – 6 (514 Pips)
c. SL Hit – 10 (292 Pips)
d. Trailing Exit – 2 (111 Pips)
e. Win rate – 44%
4. NZDUSD
a. Total Trades – 13
b. Target – 6 (807 Pips)
c. SL Hit – 7 (177 Pips)
d. Trailing Exit – 0
e. Win rate – 46%
5. GBPUSD
a. Total Trades – 8
b. Target – 4 (760 Pips)
c. SL Hit – 4 (107 Pips)
d. Win rate – 50%
6. GBPCAD
a. Total Trades – 9
b. Target – 5 (1143 Pips)
c. SL Hit – 0
d. Trailing Exit – 2 (241 Pips)
e. Breakeven - 2
f. Win rate – 100%
7. EURUSD
a. Total Trades – 27
b. Target – 15 (1859 Pips)
c. SL Hit – 9 (201 Pips)
d. Trailing Exit – 3 (96 Pips)
e. Win rate – 62%
8. EURCAD
a. Total Trades – 32
b. Target – 11 (1076 Pips)
c. SL Hit – 16 (485 Pips)
d. Trailing Exit – 2 (170 Pips)
e. Win rate – 45%
