13 3 bar Pullback Forex Trading System
Submit by Joy22
Time frame h1 or higher.
Currency Pair:all.
Indicators:
3 bar pullback;
Parbolic Sar (0.2, 0.05).
Long Entry
The signal buy green of the 3 bar pullback indicator is confirmed by dot of the Parabolic Sar below the bar.
Short Entry
The signal Sell red of the 3 bar pullback indicator is confirmed by dot of the Parabolic Sar above the the bar.
Exit Position
Place stop Loss on the supporte indicated by 3 bar pullbact (to see example).
Profit target: ratio 1/3 Example if stop loss is 100 pips the PT is 130 pips.
Share your opinion, can help everyone to understand the forex strategy.
Forex metatrader pattern indicator: 3 Bar Pullback
Forex metatrader pattern indicator: 3 Bar Pullback, this indicator help you on the trade based on the retracement.
duplex (Monday, 19 December 2016 11:16)
Nice and clear idea, however the indicator is repainting latest 2 bars in the past. So be careful when testing visually.