Forex Pin Bar Detector Pattern Trading Strategy
Forex Pin Bar Detector Pattern Trading Strategy:
4TF-HAS with Pin Bar Detector is a price action trend strategy based on Heiken Ashi smoothed and PIN BAR patter of price.
Time Frame is 15 min or higher.
Markets: Currency pairs, Indicies and Commodities.
Time of Next Bar
Magnified Market Price,
Spread,
Position Size Calculator (optional),
Pin Bar Detector (arrow Buy and Sell),
MTF HAS Lower A ( 2, 6, 3, 2),
MTF HAS Lower B ( (2, 6, 3, 2),
Gann activator ( filter of the support: optional).
Trading Rules 4TF-HAS with Pin Bar Detector
the rules are very simple
Buy
Arrow Buy of PIN BAR detector confirmed by 3 or 4 squares blue of MTF HAS Lower A and B.
Sell
Arrow sell of PIN BAR detector confirmed by 3 or 4 squares red of MTF HAS Lower A and B.
Tips: Entry of the next signal only if the current trade is close.
For improved profitability to add gann activator ( 10 period).
Exit Position depends of the time frame and currency pairs examples:
EUR/USD 15 min time frame: profit target 10 pips initial stop loss 20 pips after 8 pips in gain move stop loss at the breakeven.
EUR/USD 30 min: PT 15, SL 25, breakeven 12 .
EUR/USD 60 min: PT 20, SL 30, breakeven 15,
EUR/USD 240 min: PT 30, SL 45, breakeven 20,
EUR/USD daily: PT 50, SL 70, breakeven 30 .
Option for Stop loss you can follow the indications of Position Size Calculator.
or EA in the folder for management the position.
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 Pin Bar Detector Pattern Trading Strategy?
- Download Forex Pin Bar Detector 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 Pin Bar Detector 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”.
