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