Forex Pin Bar Two MACD Pattern Trading Strategy
Forex Pin Bar Two MACD Pattern Trading Strategy:
Pin Bar with Two MACD Trading System is based on the particular template MT4.
Time Frame 1 min or higher.
Currency pairs: any.
Trading Session:any.
Pin Bar with Two MACD Trading System is suitable for trading with Binary Options High/Low expiry time two – three candles.
MACD (12,26,1) blue histogram.
MACD ( 5, 15, 1) yellow histogram.
Pin Bar this indicator has also the levels of target.
Trading Rules Pin Bar with Two MACD
Trading in the direction of the trend momentum.
MACD ( 5, 15, 1), yellow above MACD (12,26,1) blue, >0 the trend is up.
MACD ( 5, 15, 1), yellow below MACD (12,26,1) blue, the trend is down.
Buy condition (Call)
Pin bar pattern with MACD ( 5, 15, 1) > MACD (12,26,1) >0
Place an Buy pending order at the level of the open of the Pin Bar.
Stop loss two option: first below the low of pin Bar, second at half of Pin Bar.
Profit Target at the levels of target depends by your risk.
Sell condition (Put)
Pin bar pattern with MACD ( 5, 15, 1) < MACD (12,26,1) and Histogram MACD ( 5, 15, 1)<0.
Place an Sell pending order at the level of the open of the Pin Bar.
Stop loss two option: first above the high of pin Bar, second at half of Pin Bar.
Profit Target at the levels of target depends by your risk.
When do not Enter Buy
Histogram MACD ( 5, 15, 1) > Histogram MACD ( 5, 15, 1) but below zero
Pin Bar with Two MACD Trading System is a Winnig strategy also with Binary option high/low.
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 Two MACD Pattern Trading Strategy?
- Download Forex Pin Bar Two MACD 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 Two MACD 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”.
