I'm trying to create a simple strategy using the Fisher Transform indicator. When the FT changes direction, I want to enter a trade on candle close with set profit target but stop trailing based in low/high (depending on direction) of previous candle. Only one trade per directional change i.e. when target or stop is hit, no new trade until FT switches direction again.
I've used strategy wizard to try and create this for backtesting but it enters multiple trades as each candle opens rather than waiting for FT to chage direction and I can't work out how to stop this. Also I'm not sure how to set the trailing stop based on previous candle.
Any help would be greatly appreciated!
Thanks,
SW
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