The strategy is used on the 4-hour timeframe only. Currency pairs that are recommended for trading are GBP/USD or EUR/USD.
When to open long or short positions: after three consecutive ascending or descending candles have formed.
Take profit: 50 points.
Stop-loss: 40 points.
In addition, a Trailing Stop option can be used – move your stop into a no-loss zone and wait for larger price moves of 100-150 points.
An example of long positions:
An example of short positions: