Forex NR4 IB Pattern Trading Strategy
Forex NR4 IB Pattern Trading Strategy:
Time Frame H4 or higher
Currency pairs:all.
VM price action (Set everything to “false” except IBS4 )
MA3
Let’s take a look at each one in complete detail so there is nothing left to guess work. We
will start by looking at both the NR4 and IB and then move into looking at the HVR.
This seems to be the most logical progression in this case.
The NR4/IB Set Up
The NR4/IB set up is a combination of a narrow range bar that is the smallest of the last four bars while at the same time is an inside bar against the previous bar.
Let’s look at each component and bring it together so you can easily identify this set up.
Long Entry
Once a NR4/IB has been identified, if the pattern is above the MA
place a buy stop order one pips above the high of the NR4/IB bar.
Short Entry
Once a NR4/IB has been identified, if the pattern is below the MA
place a sell stop order one pips below the low of the NR4/IB bar.
Stop loss
10 pips below the low or high of the same NR4/IB bar.
Profit Target
20-30 pips for 4h TF;
40-60 pips for daily TF.
Optional filter:
Entry only if Hvr is below of 1.00
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex NR4 IB Pattern Trading Strategy?
- Download Forex NR4 IB Pattern Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex NR4 IB Pattern Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
