Pinbar Filtered By Value Chart Forex Patterns Strategy

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Pinbar Filtered By Value Chart Forex Patterns Strategy

This system is based on price action and overbought and oversold. You can use this in a 5 minute timeframe or hihgher. This is also applicable to any financial market.

No trade should be taken befor economic news for intraday traders.

Expiry time: 3 candles.

Forex Indicators:

  • Pin Bar indicators,
  • News indicator,
  • Bands (20, 2), optional.
  • Value chart (ob level 6- os level -8)

Buy Entry:

  • When the appears the buy alert of the Pin Bar if in the same time the Value Chart indicator is in OS -8.
  • Place a buy pending order 1 pips above the high of the pin bar candle.

Sell Entry:

  • When the appears the sell alert of the Pin Bar if in the same time the Value Chart indicator is in OB 8.
  • Place a sell pending order 1 pips below the low of the pin bar candle.

Exit position:

The best target is ratio 1.25 stop loss or the middle band.

Stop loss 2 pips below/above the bands or 1 pips above/below the Pin Bar candle.

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