The Full Candle setup enters when a candle closes beyond its EMA and leaves only a small wick on the breakout side. The intent is to trade momentum candles that show decisive action without much rejection. Optional percentage based take-profit and stop-loss exits manage the trade once it is open.
The system is best suited for short-term breakouts where strong candles often lead to quick follow-through.
- Entry Criteria:
- Long: bullish candle closing above EMA with shadow ≤ threshold
- Short: bearish candle closing below EMA with shadow ≤ threshold
- Long/Short: Both sides
- Exit Criteria:
- Take-profit or stop-loss percentages if enabled
- Stops: Optional
- Default Values:
- EmaLength = 10
- ShadowPercent = 5
- TPPercent = 1.2
- SLPercent = 1.8
- Filters:
- Category: Breakout
- Direction: Both
- Indicators: EMA, price action
- Stops: Optional
- Complexity: Low
- Timeframe: Short-term
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk level: Medium