19# Pin Bar with Supporte and Resistance Forex Trading System

Submit by joy22

 

Time Frame 4H or Higher, Best Time Frame Weekly.

Currency Pairs: all.

Indicators:

Pin Bar

for 4H Time Frame: Weekly pivot TZ

for Daily and Weekly KG Supporte and Resistance

Once we have found a nice pin bar we have to see if the price is also close or touching one of the following.

 

• Support level

• Resistance level

If you have been keeping an eye on the pairs for more than a week then you will already have marked out all the possible support and resistance levels and have a good idea what’s going on long before a entry is formed.

Let's look at a couple of charts using support and resistance along with pin bars

 

 

 

The Entry is:

Buy entry order 50% Pin bar;

Sell entry order 50% Pin bar.

Stop loss 7 pips above or below pin bar.

Target Profit Ratio 1/5, if stop loss is 50 pips profit target is 75 pips.

 

Pin Bar Metatrader Indicator
PinBar.rar
compressed file archive 6.0 KB
sr KG Support and Resistance
Trading Indicator
sr_KG_Support_and_Resistance.rar
compressed file archive 1.1 KB
Weekly Pivots TZ
Forex Signal
Weekly_Pivots_TZ.rar
compressed file archive 5.2 KB

 

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Comments: 1
  • #1

    Isabella (Wednesday, 07 September 2016 23:43)

    Can I use your indicator pinbar, kg s/r and weekly pivot to create an ea using icustom?

Pin Bar Forex Strategies