Pin bars
May 03, 2014 at 22:11
Przeglądane 403
4 Replies
forex_trader_102328
Uczestnik z Dec 10, 2012
30 postów
May 03, 2014 at 22:11
Is anybody trading pin bars successfully? I know there are too many false pin bars to successfully code an EA (unless it has many filters). Has anyone had any good experience with this?
Uczestnik z Nov 21, 2011
1718 postów
May 04, 2014 at 18:36
Pin bar EA must be really good. It only depends when and where do you enter? Please provide a picture.
forex_trader_102328
Uczestnik z Dec 10, 2012
30 postów
May 04, 2014 at 20:05
I agree, a pin bar must be really good to be profitable. I have not seen an ea that can filter out the false pin bars and have accurate entry/exit levels. There are profitable manual systems out there involving pin bars. There are lots of price action threads where they are discussed in detail.
A lot of successful traders out there use pure PA, and most of them trade manually. Finding a profitable EA that uses PA in its logic is rare (finding any profitable EA for that matter)
It is almost impossible to trade manually when you have a job and family life after work, there is no trading over weekends - which only leaves odd hours at night/morning.
Unfortunately I have no pictures to upload, but I will upload pdfs on pin bars, if anyone needs reading material.
A lot of successful traders out there use pure PA, and most of them trade manually. Finding a profitable EA that uses PA in its logic is rare (finding any profitable EA for that matter)
It is almost impossible to trade manually when you have a job and family life after work, there is no trading over weekends - which only leaves odd hours at night/morning.
Unfortunately I have no pictures to upload, but I will upload pdfs on pin bars, if anyone needs reading material.
Uczestnik z Nov 21, 2011
1718 postów
May 04, 2014 at 21:47
They try too many free style on advanced settings. No need to be aggressive. When a Pin bar works, the risk reward is awesome and will cover the losses.
Live example on AUDUSD Daiy.
Setting for Long entry: @ 0.9255
SL Below the tail <= 0.9195
TP >= Last high 0.9460
This is the most effective and simple way to trade Pin Bar Price Action.
Live example on AUDUSD Daiy.
Setting for Long entry: @ 0.9255
SL Below the tail <= 0.9195
TP >= Last high 0.9460
This is the most effective and simple way to trade Pin Bar Price Action.
Uczestnik z Nov 21, 2011
1718 postów
May 05, 2014 at 07:20
Long triggered: Lowest @ 0.9250 (5 pips from entry)
What else?
What else?
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