{"id":9204,"date":"2021-07-29T15:32:52","date_gmt":"2021-07-29T12:32:52","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=9204"},"modified":"2026-05-26T10:55:54","modified_gmt":"2026-05-26T07:55:54","slug":"master-candle-method","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2021\/07\/29\/master-candle-method\/","title":{"rendered":"How to Trade Master Candle Method Strategy"},"content":{"rendered":"\n

If someone was looking for a simple and easy-to-understand trading strategy<\/a>, consider your search is over. Master Candle Method is a trading system based on one indicator and one only. It signals <\/a>an opportunity for trading and shows spots where to enter and leave the market. The strategy is applicable for trading only GBP\/USD<\/a> and GBP<\/a>\/JPY<\/a> pairs, and only on the Н1 timeframe<\/a>.<\/p>\n\n\n\n

<\/span>Desktop of Master Candle Method<\/span><\/h2>\n\n\n\n
\"Desktop<\/a>
Desktop of Master Candle Method<\/figcaption><\/figure>\n\n\n\n


1 – “MC_Indicator” indicator.<\/p>\n\n\n\n

<\/span>A signal to buy in the Master Candle Method strategy<\/span><\/h2>\n\n\n\n

A signal appears when there is a candlestick <\/a>on the chart with 4 more candlesticks being formed inside it. As soon as this condition is met, two dashes appear – the first one is black, above these candlesticks, the second dash is green, a bit higher, 3-candlestick long. Above this green dash, a pending buy order<\/a> is placed with a 3-hour spread value. If a signal appeared and three candlesticks were formed after that but a pending order wasn’t triggered, this order should be removed.<\/p>\n\n\n\n

\"An<\/a>
An example of a signal to buy<\/figcaption><\/figure>\n\n\n\n


As you can see here, the first signal to buy wasn’t triggered because the Bid price didn’t touch the green dash over the course of three hours after the signal appeared. However, in the second example, it was triggered.<\/p>\n\n\n\n\n\n

<\/span>A signal to sell in the Master Candle Method strategy<\/span><\/h2>\n\n\n\n

A signal to sell appears under the same conditions as a signal to buy. It’s just that in the case of a signal to sell, one should place both buy and sell pending orders<\/a> at once. A sell order should be placed at the level where a red dash appears after the signal. The dash is also 3-candlestick long, and if an order wasn’t triggered, it should be removed. The order also should be removed if a buy order was triggered first. And vice versa – if a sell order was triggered first, one should be removed a buy order.<\/p>\n\n\n\n

\"An<\/a>
An example of a signal to sell<\/figcaption><\/figure>\n\n\n\n

This example shows that two signals<\/a> to sell weren’t triggered during the required period of three candlesticks, while the third signal was triggered during the first hour, after which a pending buy order should have been removed straight away.<\/p>\n\n\n\n

<\/span>Stop Loss and Take Profit in the Master Candle Method strategy<\/span><\/h2>\n\n\n\n

In this system, a Stop Loss<\/a> order is placed on the levels of opposite pending orders. It means that Stop Loss<\/a> for a buy order will be on the same level as Sell Stop, and vice versa, Stop Loss for a sell order is placed on the same level as Buy Stop.<\/p>\n\n\n\n

A Take Profit<\/a> order in this strategy is usually specified equal to risk exposure. If the closest significant level is far away and the movement has a high potential, then Take Profit<\/a> is usually high. However, one shouldn’t open a position if:<\/p>\n\n\n\n