Hi,
Does anyone uses Doji and hammer indicators in trading system ? I have figured out the basuc operational trigger but struggling to set up stop loss and profit parameters. Here is the logic for reference:
IF close>open and high=close and (open-low)>=3*(close-open) THEN
//Detection of Hammer / Black hanging man
Result=1
ELSEIF close > open and high > close and (open – low) >= 3*(high-close) THEN
// Detection of Doji
Result=2
Idea is to setup stop loss 4 points below the low. I tried lot of combinations but doesn’t seem to work. I will really appreciate if someone can help me on this forum. Thanks…