28# Helacator Theta Forex Strategy
Submit by Alexander
Objective:
The Helacator Theta strategy aims to capitalize on trend-following opportunities by using candlestick patterns combined with moving averages. This strategy identifies key points
of entry based on trend confirmations from the 50-period and 200-period moving averages, in combination with the "Three White Soldiers" for bullish setups and "Three Black Crows" for bearish
setups.
Setup Strategy
Currency pairs: Volatile.
Time Frame 30 min, H1, H2, H3, H4.
Buy Setup
-
Trend Filter:
The price must be above both the 50-period (MA50) and 200-period (MA200) simple moving averages. This indicates a bullish trend. -
Entry Timing:
Enter a buy position when the "Three White Soldiers" candlestick pattern is detected (three consecutive bullish candles), signaling strong upward momentum. -
Stop Loss:
Place the stop loss below the lowest of the previous swing low. -
Take Profit:
The take profit can be set at a risk-reward ratio of 1:2. -
Alternatively, you can use a trailing stop once the price moves favorably to lock in profits.
Sell Setup
-
Trend Filter:
The price must be below both the 50-period (MA50) and 200-period (MA200) simple moving averages, indicating a bearish trend. -
Entry Timing:
Enter a sell position when the "Three Black Crows" candlestick pattern is detected (three consecutive bearish candles), signaling strong downward momentum. -
Stop Loss:
Place the stop loss above the previous swing high. -
Take Profit:
The take profit can be set at a 1:2 risk-reward ratio, or use a trailing stop to maximize profit as the price continues to decline.
Additional Features:
-
Cooldown Period:
The Helacator Theta includes a cooldown filter to avoid taking multiple signals within a short time frame. This ensures that new signals are only generated after a specified number of candles have passed since the previous trade.
Now I will show you some examples of a strategy based on this indicator written by me. The setting is the same of previous.
