Forex Pin Bar JMA Starlight Pattern Trading Strategy
Forex Pin Bar JMA Starlight Pattern Trading Strategy:
Time Frame 4H
Currency Pair: EUR/USD GBP/JPY, AUD/JPY, EUR/JPY, GBP/NZD, EUR/NZD
(Any pair that has high volatility and daily pip ranges)
Bollinger Bands (20, 2)
Pin Bar
Jma Starlight (2, 3)
Long Entry
Pin Bar touches lower band of the BB, buy when JMA Starlight cross up 5EMA
Short Entry
Pin Bar touches upper of the BB, buy when JMA Starlight cross down 5EMA
Enter in the market only if the pin bar touches the upper band or lower.
for buy 5 pips below the lower bands
for sell 5 pips above the upper band.
Profit Target 35-60 pips depends by currency pairs
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 JMA Starlight Pattern Trading Strategy?
- Download Forex Pin Bar JMA Starlight 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 JMA Starlight 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”.
