Three Red Candles with Timed Exit Strategy Diagram

This diagram trades three consecutive candles of one colour when volatility is elevated. Three red candles with ATR 14 above 0.8 times its 30-value average produce a long setup; three green candles under the same volatility rule produce a short setup. A flat position opens directly, an opposite position is reversed through a fill-confirmed two-step sequence, and an existing position can close on the opposite three-candle pattern or after twenty finished bars. Every action sequence starts a twelve-candle cooldown.

schema

Strategy Overview

Only finished 30-minute candles are processed. Two Previous value blocks and six Converter blocks expose Open and Close for the current candle and the preceding two candles, so every bar receives a rolling three-candle red and green test.
ATR 14 and its 30-value simple average must both be formed. High volatility is the strict condition ATR > ATR average × 0.8; no trading decision is made during indicator warm-up.
A qualifying three-red setup buys from flat or reverses a short. A qualifying three-green setup sells from flat or reverses a long. Reversals close one unit with ReduceOnly, then open one unit in the new direction only after the close Order is fully matched.
Without a qualifying high-volatility reversal, three green candles close a long and three red candles close a short. A stateful counter also closes either side when the position has been held for twenty finished bars; a same-candle reversal has priority over that timed exit.
Three Combination blocks merge the two long-exit reasons, the two short-exit reasons, and all eight action-fill streams. A fill disables further actions for the next twelve finished candles; the thirteenth candle is the first eligible one. There is no stop-loss, take-profit, or position-protection block.

Entry and Exit Rules

Long entry: When the current and previous two finished candles all close below their opens, ATR 14 is strictly above ATR average × 0.8, and the cooldown is ready, a flat position submits a NoCondition market buy for Order Volume 1. From a short position, the diagram first submits a ReduceOnly market buy for 1; its fully matched Order refreshes the volume value and triggers the NoCondition market buy for 1.
Short entry: When the current and previous two finished candles all close above their opens, ATR 14 is strictly above ATR average × 0.8, and the cooldown is ready, a flat position submits a NoCondition market sell for Order Volume 1. From a long position, the diagram first submits a ReduceOnly market sell for 1; its fully matched Order refreshes the volume value and triggers the NoCondition market sell for 1.
Exit: A long closes on three consecutive green candles when that pattern is not simultaneously a high-volatility reversal, or when Max Hold Bars reaches 20. A short closes symmetrically on three red candles or after 20 bars. Pattern and timer events are merged per side, and a Flag permits at most one standalone close per candle. Every standalone close and both fills of a staged reversal feed the common cooldown stream.

Parameters

Parameter	Default	Description
Candles Series	00:30:00	Thirty-minute series; only finished candles update patterns, indicators, counters, cooldown state, and decisions.
ATR Length	14	Period of the formed-only Average True Range indicator.
ATR Average Length	30	Period of the formed-only simple moving average calculated from ATR values; decisions wait until this average is formed.
ATR Multiplier	0.8	Multiplier applied to the ATR average. Volatility qualifies only when ATR is strictly greater than the resulting threshold.
Max Hold Bars	20	Number of finished bars counted while a position is non-flat before the timed close becomes eligible.
Cooldown Bars	12	Number of subsequent finished candles blocked after an action sequence; decisions resume on candle 13.
Order Volume	1	Fixed quantity for flat entries, ReduceOnly closes, and entries after a matched reversal close; the diagram is sized for its own one-unit position.

Diagram Details

The Candles block emits finished 30-minute candles. Two Previous value blocks retain shifts 1 and 2, while six Converter blocks extract the three Open/Close pairs.
Six Comparison blocks classify each candle with strict Close < Open and Close > Open tests. Two three-input Logical condition blocks form the rolling red and green patterns; a doji makes both patterns false.
Formed-only Indicator blocks calculate ATR 14 and SMA 30 of ATR. A Formula block multiplies the average by 0.8, and a strict comparison supplies the high-volatility flag.
The current Position is captured twice per candle: once for trade routing and once for the hold counter. Variable and Formula blocks increment the counter only while non-flat and reset it from confirmed action fills.
Two Boolean Combination blocks merge pattern and timer exits without counting or changing them. Per-side Flag blocks prevent duplicate standalone closes, and priority gates suppress a timed or pattern close when the same candle already qualifies for reversal.
Eight Modify position blocks implement two flat entries, two standalone exits, and two staged reversals. Each reversal uses ReduceOnly close 1 → fully matched Order → NoCondition open 1; the matched Order also re-emits volume in the same event cycle.
A MyTrade Combination sends every action fill to an N values cooldown. The first fill starts its twelve-candle count, while the second leg of the same reversal cannot restart an active count. The Chart panel receives candles, ATR, its average, the threshold, and all action fills.

Usage

Import the .json file into Designer, run it in the backtester on historical data, then adjust the parameters or the blocks themselves to fit your instrument before trading it live.