Candlestick simple system
Candle traders call 3 consecutive bullish candles 3 white soldiers as they all close higher than open. They call 3 consecutive bearish candles 3 black crows as they all close lower than open. This system uses Bollinger band (20, 2). When you see 3 white soldiers, you buy. And ...
Candle traders call 3 consecutive bullish candles 3 white soldiers as they all close higher than open. They call 3 consecutive bearish candles 3 black crows as they all close lower than open. This system uses Bollinger band (20, 2). When you see 3 white soldiers, you buy. And when you see 3 black crows, you sell. It is as simple as that. Any 3 consecutive candles can be used but the best is when the price has just bounced off the BB. This works for any currency pair and any time frame. However, you’ll see more winning trades on daily charts. When you see a reverse after 3 white or black candles, you could simply close your position. And you could re-enter when the price returns to the point where the retrace happened. Typically, you could expect 2-3 times the amplitude of retracement. You could use it as your profit target/exit point (e.g. if the price retraces 20 pips, you could set your profit target of re-entered trade at 40 to 60 pips). 
Risk Disclosure & Testing
Past performance of any trading strategy is not indicative of future results. Always backtest and forward test this strategy on a free demo account before committing real financial capital.
Practice This Strategy on a Live Demo
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