Forex Strategy with Abandoned Baby on Metatrader 4

Candle pattern easily seen when off the market like today, we do not need to backtest using software to determine what percentage of success of Abandoned Baby candle pattern. I will combine this analysis with support and resitance Nearby attention.

Let's find the pattern on the interface MetaTrader 4

Use SL to avoid big losses. When the opportunity to move the position of SL in a profit position or sl plus.

Target / resistance I choose to base their immediate support, look at the yellow line to the left.
Before we continue the research we try to make a rule to assess the success of our trading planning.
1. Search Patterns Abandoned Baby Abandoned Baby Top or Bottom
2. Use Lot mini because we are going to trade intraday
2. Use the SL and TP at the top of the nearest support or resistance
3. Always Install SL Plus When the opportunity to minimize losses
4. Close Kena SL If either Plus or minus or wait until targets are met

Good We'll find a few more times Patterns Abandoned Baby with the target or SL in support immediate resistance.

I find Abandoned Baby Top on April 4, but before the target is reached Abandoned Baby Bottom candle of patterns on a few hours later. Fixed trading based on rules

1. Abandoned Baby Top That gives us Sell At the first moment Candle candle pattern formed. Look at the yellow writing on a candle that shows the white arrows.
2. SL over the nearest support or resistance seen on the yellow line above we put SL on the line.
3. Target Support What's on it is in reducing the amount of spread your broker.
It turns out the first successful planning our original trading based on rules that we have agreed on.

Here we find the Abandoned Baby Bottom Means we Buy
Staying true to his rule ya
1. OP after completion candle pattern formed Check in red lettering on a candle Second OP I indicated with white arrows.
2. Support What's SL on Red Line Down
3. TP On the red line above the nearest resistance

Always use SL Plus to avoid a loss, I think it's better than a little profit and loss

On April 5, SL Fixed When it will experience a loss in the first OP managed to hit the target. SL Plus it should be installed to avoid losses.

Abandoned Baby Candle Pattern Here I found again but to put his SL 70 pips so far. Better not OP in these conditions. But this is only the case study, so will we investigate the truth

The display screen of our Metatrader 4 zooming out to see the target at the closest resistance

we found the target, is greater than the SEL is nice but look. Plan we fail and we must lose if they do not install SL plus.

In the past I was wrong findings identify candle pattern, seen in the picture below

I hope you understand the differences in the pattern. The right candle pattern is Bull Bull Bear or Bear Bear Bull. I am wrong to choose candle pattern.

Always use SL Plus to avoid a loss, I think it's better than a little profit and loss