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Forex Pin Bar Trading Strategy | Pin Bar Reversal

Posted 25 January - Hey guys I've been looking at this strategy for a couple weeks now and currently it consists of a non-repainting indicator which alerts you when a Pin Bar has formed, and value chart.

This strategy works very well some days and average on others. I think if we can find a better filter this may actually be a very good strategy! The third one has a red "check" indicating it was a valid trade. I wish you all good with your first thread.

When you wrote " and average on others". Does that means you were in a loss or in a profit that day? And in my Binary Options career I am no longer counting on backtesting. You need to trade the strategy live for yourself and then look how it performs.

The goal of a successful trader is to make the best trades.

You want to trade these pinbars in areas of support and resistance. Without that there's no confluence. Didn't allow for news though.

Posted 26 January - I agree with zac I tested this exact strategy as a sort of break-off idea from Hubbas style and it worked for a while in ranging environments but anything else and results weren't good - as pinbars aren't always simply a sign of exhaustion.

During a waterfall pinbars can appear midway simply because a SR line has posed some sort of resistance and a temporary stall occurs - but momentum is enough to plow straight through on the next candle, and this happens quite a lot. As suggested, i'd integrate stronger higher timeframe SR lines, trade with trend or incorporate more PA analysis to the surrounding candles.

I can suggest some indicators that may help with PA. Posted 08 February - Pinbars is good and relative easy to detect on a the naked chart maybe easier and go with the trend.

I did test it two weeks ago via go back in time in metatrader and F12 myself forward. I had 1M TF and choosed 3m-5m exp. Modified Pinbar and added basic filters such as rsi and adx. I am playing around with count candles to but it not working as expected. But my thought with count candle was that the n numbers of candles before signal should be green up for sell and vice versa.

Still pinbars is relatively easy to trade as is but maybe someone like this attribution. Community Forum Software by IP. Search Advanced Search section: This topic Forums Members Help Files Trading Journals Pages. View New Content Forums Trading Journals Newbies Guide Members Traders Chat Signals Trading Room Live More. Javascript Disabled Detected You currently have javascript disabled. Toggle shoutbox The Traders Chat If someone starts flaming you PM me with a screenshot of the incident and I will ban them if its legit.

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Approve Hide Unhide Delete Merge Split Move. You've got any Screenshots or Backtests?

I will try this tomorrow. Back to 5 Minute Strategies. There are many binary options companies which are not regulated within the United States.

5 Minute Pinbar and Value Chart Strategy - 5 Minute Strategies - Binary Options Edge

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